Quote:
Originally Posted by TV Boy
The sale of Virgin Media may be postponed because recent financial market conditions mean that potential private equity buyers are questioning whether offers for such a large target can be financed.
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Its not just the PE companies but the banks that provide the finance. According to reports the main bank players have holding back because they havent been able to sell on the huge finance they provided for some recent deals such as the boots one.
Its leaving the banks with a lot more risk than they are used to.
Does this all sound a bit like the dot com boom when banks were throwing money around like there was no tomorrow without any real substance to it and then it all went sick. (well most of it)
Ive been thinking for a couple of weeks now that the virgin deal might not happen, at least not yet.