Asia buyouts struggle as banks clamp down on lending
Buyout deals in Asia are becoming more difficult as banks hold back on lending. Rising capital costs have made lenders wary of the risks tied to mispricing a loan, leaving private equity firms to increase the cash portion of buyouts.
"What we notice is banks are working through commitments they made earlier, and new deals in general are struggling for liquidity," Aart Jan den Hartog, head of Asia Pacific sponsor coverage at ING Bank,...
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