Company takeovers hit new high as pandemic plundering continues

0
93


Takeover Britain: Scale of pandemic plundering by private equity giants laid bare as figures show a record £289bn worth of UK company takeovers this year


The scale of pandemic plundering by private equity giants is laid bare by figures showing a record £289billion worth of UK company takeovers this year. 

That is almost double last year’s £146billion, with the number of deals up 45 per cent to 1,911. 

Low interest rates and dented stock market values left firms such as Morrisons, Asda and G4S as targets. 

Record: Research by specialist law firm Forsters showed the takeover market roared back to life in 2021 despite the pandemic

Record: Research by specialist law firm Forsters showed the takeover market roared back to life in 2021 despite the pandemic

The Daily Mail has campaigned against pandemic plunderers, highlighting their history of job-cutting, asset-stripping and debt-loading. 

Research by specialist law firm Forsters showed the takeover market roared back to life in 2021 despite the pandemic. 

Not all of the 1,911 deals involved private equity but firms taken over included Morrisons, which was bought by Clayton, Dubilier & Rice for £7billion. 

Other firms that fell to private equity include the AA, Aggreko and Signature Aviation.

Advertisement

LEAVE A REPLY

Please enter your comment!
Please enter your name here