The worst in the private equity (PE) industry is still to come. A number of analysts expect more than 50 per cent of the firms in the sector to be wiped out over the next two to four years.
A couple of companies, in fact, were already being disbanded, Karim El Solh, Founder and Chief Executive of Gulf Capital told Emirates Business.
"A lot of firms were launched in 2006 and 2007 because there were a lot of money. It would be hard to build a track record, have an exit and be able to build your second or third fund. Most of these firms will be one-time funds, he said, and disappear by slow death," he said.
0 comments:
Post a Comment