After more than a decade of freely-available financing, rocky markets are making banks less willing to lend for big mergers and acquisitions. This has cast a shadow over at least $25bn worth of European transactions, including some high-profile deals in the UK.
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NAM Implications:
- This explains problems:
- Offloading £6.6bn ($8.1bn) of CD&R Morrison’s takeover.
- Financing the £5bn -plus buyout of Boots
- The £5bn sale of Motor Fuel Group
- All down to money in the end.
- (and no end in sight)
- Meanwhile, continuing uncertainty resulting in short-term initiatives, just-in-case.
