Not Waving, but Drowning in Cash
Summary
The freak wave of private money towering over Britain's public companies has never looked more overwhelming. Fresh from a summer of fundraising, this tide of private equity money is reinforced by a broader swell of global liquidity still heading our way: takeover bids from Malaysia to Dubai are only the latest examples of how much excess foreign cash is washing up on British shores.
With all this money sloshing about, you would think the big buyout firms such as KKR, Blackstone and Carlyle would be hanging ten and surfing the crest of the wave. Instead, there is a curious gloom among those who ought to be enjoying their moment in the sun.See the full content of this document
Extract
Not Waving, but Drowning in Cash
The reason lies in that old investment adage: bad money crowds out good money. When any Tom, Dick or Harry can scrape together ...
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