Last week we reported that there has been a steady decline in PE dealmaking in Europe since June 2011, based on data from Zephyr. This week, Carlyle Group’s founder and managing director on Tuesday called Europe an “emerging market”, adding that it was the best place to invest at the moment as the economy continued to be in distress and banks remained significantly exposed, according to a report in the WSJ.
Carlyle’s David Rubenstein was speaking at SuperReturn. He said, “The EU is the single biggest opportunity in the world at the moment. It is the most attractive emerging market,” reported the WSJ. Carlyle has been ramping up staff in the region in anticipation of desirable opportunities as prices come down.