Davos-Private equity firms bullish on 2010 outlook

“DAVOS, Switzerland – The heads of three of the largest private equity firms in the world expressed optimism that 2010 will be a stronger year for acquisitions and for sales of companies already in their portfolios.(…)

(…) David Rubenstein, the co-founder of Carlyle Group, said he sees all the four key metrics for the business taking a “fairly dramatic move in the right direction. More deal volume and value, much more on distributions, much more in terms of fund raising,” he said, adding that the valuations for private equity holdings had now risen for four successive quarters”.

Article written by Martin Howell, Reuters

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