Private equity hungry for insurance investment
More than two thirds (68%) of private equity houses plan to invest in the UK financial services market in the coming year, particularly in insurance and banking, according to a Grant Thornton report.
However, the 40 private equity investors who took part in the survey, "Where is the Smart Money Going in Financial Services?", cited forthcoming regulation as a major hindrance to investment.
"Our survey indicates that there is a renewed interest in private equity houses investing in financial services firms with 90% of respondents predicting increased private equity activity in this sector,” said Peter Allen, head of the financial service group at Grant Thornton.
“This is a significant shift in
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