Mint 30 Dec 2008_More buyout deals likely in a slowing PE marke
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Each of the 2008 deals had a different rationale, notes Jagannadham Thunuguntla, head of equity at Nexgen, citing the example of Dawnay Day AV, which sold out fully to New Silk Route Advisors for $50 million. “The banking and financial services firm could not survive (as) 2008 was a bad year to be in financial services. Under such circumstances, the promoters had to sell out,” he notes.
