French sponsors suffer performance anxiety in tough market
Episode description
French private equity experts are facing performance anxiety as 2024 turns into 2025 at a time when PE exits have plummeted to their lowest level since 2013.
At the same time, there is a fierce fight for quality assets, with trade buyers providing stiff competition to sponsors. And, to keep everyone on their toes, the exit market remains dogged by political uncertainty as a result of a hung parliament.
A consultancy called Astek, which is backed by ICG, is an example of a PE-backed company with ambitious plans, despite the headwinds. It wants to carry out half a dozen bolt-on dealss per year over the 2025-2027.
https://mergermarket.ionanalytics.com/content/1003975431
Arezki Yaiche, Mergermarket’s French bureau chief, and senior reporter Myriam Mariotte join Dealcast host Julie-Anna Needham to discuss why French exits remain so tricky.
- Why are dealmakers finding it hard to move beyond their pre-election wait-and-see stance?
- Why are regulatory issues so important in France?
- How have Mergermarket’s French team begun to take the Pulse of the market?
https://mergermarket.ionanalytics.com/content/1003960050
All this and more in this week’s Dealcast