Financial sponsors looking for their slice of a booming M&A market might pause before dialing up conglomerate dealmakers. A recent EY Global Corporate Divestment Study adds more data to a shifting picture on company divestitures. The consultancy’s global survey of over 1,000 senior executives, administered from January to March, found that 79 percent of respondents didn’t hit their desired valuation on their most recent divest, while another 56 percent said the asset sale did not provide the expected re-rating in the valuation of the remaining company. Stake sales might be a ticket to assuage weary conglomerates of persistent valuation worries.
To read the entire story, you must be logged in.
Please log in now or register with us.
