Private equity bidders are finding life difficult since the credit squeeze and are walking away from deals, inflating the value of failed buy-outs to $202bn this year, more than double the figure for the same period last year. Just as Delta Two blamed credit market turbulence for dropping its bid for J Sainsbury, so several buy-out groups have wriggled out of bids launched before the financing squeeze. There have been 76 abandoned deals so far, including the failed CVC bid for Sainsbury and Cerberus’s abortive offer for Affiliated Computer Services, said Dealogic. That compares with 55 failed private equity bids worth $98.9bn in the previous period.

This entry was posted by Helen Thomas on Wednesday, November 7th, 2007 at 5:29 and is filed under Capital markets, Private equity. Edit this entry.