What's at stake: New Zealand's most active private equity firms say things are looking up after a sharp drop-off globally in deal activity in late 2022 and 2023, as the cost of capital went up and managers largely held on to their assets to avoid selling in a lower-multiple environment.
Background: Private equity has been a dominant force in global M&A activity, as global capital markets struggle to attract new listings.
What's at stake: New Zealand's most active private equity firms say things are looking up after a sharp drop-off globally in deal activity in late 2022 and 2023, as the cost of capital went up and managers largely held on to their assets to avoid selling in a lower-multiple environment.
Background: Private equity has been a dominant force in global M&A activity, as global capital markets struggle to attract new listings.
