UK-based private equity firm Bridgepoint plots £2bn London float
And it will give retail investors the chance to buy shares in the firm. The move comes amid record levels of private equity deal-making in the UK, with firms including Morrisons, G4S and McCarthy & Stone among those targeted by the buy-out giants. Critics have accused the industry of ‘pandemic plundering’ as predators seek to exploit a slump in share prices during the coronavirus crisis by taking over firms on the cheap. The worst excesses of private equity – including debt-fuelled acquisitions, job losses and asset stripping – have been highlighted by this newspaper, which is calling...
Source: thisismoney.co.uk
