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 crisis, according to research to be published Monday. 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, including insurers and pension funds, by the private equity advisory boutique Almeida Capital.  Large buy-outs ranked bottom of 12 types of private equity, with less than a fifth of investors considering them an attractive investment this year. The shift in sentiment has already forced some of the biggest buy-out groups – including Carlyle, KKR , Madison Dearborn and Blackstone – to scale back fundraising targets for this year.

This entry was posted by Gwen Robinson on Monday, January 19th, 2009 at 5:38 and is filed under Capital markets, M&A, Private equity. Tagged with Almeida. Edit this entry.