COMPANIES Investors are turning hostile to “mega-buy-out” groups as many of their heavily leveraged, multi-billion-dollar takeovers of large companies are hit by the financial and economic crisis, according to research published today.
More than half of investors plan to cut their investment in the biggest buy-out houses in 2009, according to a survey of 150 limited partners (LPs), including insurers and pension funds, by the private equity advisory boutique Almeida Capital.
