PE Manager Gets Creative to Find the Exit in Current Slump


January 25, 2013

Bloomberg reports that Standard Chartered, the British bank said its private equity business is exploring “creative” exit options in the Middle East and North Africa after share markets slumped, making trade sale and IPOs more difficult. To avoid being in a position six or seven years into an investment with no exit in sight, the bank will try to be creative. One tactic might be a sale back to the company and another might be the conversion of equity into debt or a preferred dividend, it said.

Share on FacebookTweet about this on TwitterShare on Google+Share on LinkedIn