At least here in the UK that is already in full swing for two years. The number of bids for small and mid-cap companies which trade at ridiculously low multiples is stunning.
Those institutions housing broking and mutual fund businesses under the same roof are the winners. The loser: competition and the fabric of the overall market.
This looks positive for PE players picking in the small & mid-cap space.
At least here in the UK that is already in full swing for two years. The number of bids for small and mid-cap companies which trade at ridiculously low multiples is stunning.
Those institutions housing broking and mutual fund businesses under the same roof are the winners. The loser: competition and the fabric of the overall market.
We inset-heart-emoji middlemen