With the decoupling theory blown out of the water by the ongoing financial crisis, it stands to reason that in the Asia-Pacific region, as in the rest of the world, the section of private equity least insulated from the pain is the one most dependent on financial institutions for financial sponsorship: the buyout industry.
Down in size, but not out
With many global banks cutting back on leveraged finance activities in the Asia-Pacific region, it would be easy to assume the buyout market is grinding to a halt. But in fact, while mega-buyouts are out of the question, the small- and mid-market segments are alive and well – or will be once purchase prices come down. Jenny Blinch reports.
