Wave of dealmaking sees 123 UK firms taken over by private equity during pandemic
Wave of dealmaking sees 123 UK firms taken over by private equity during pandemic The £6.8bn takeover of Asda by the Issa brothers and TDR Capital was one of the biggest deals of 2020. The pandemic has acted as a catalyst for a wave of private equity takeovers of UK firms, with their value reaching their highest level since the financial crisis. While coronavirus initially triggered a slowdown in dealmaking, private equity houses gained momentum by the autumn with a string of high-profile and high-value deals. Some 123 UK companies, including household names Asda, AA and...