|
|
Article: Large private equity deals held hostage.(Business Report)
- Article from:
- The Star (South Africa)
- Article date:
- October 31, 2006
CopyrightCOPYRIGHT 2006 Independent News & Media PLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
BYLINE: Tonny Mafu
Johannesburg - Local private equity firms would have to continue looking offshore for capital and partnerships for them to participate in larger transactions, industry pundits said yesterday.
Local private equity companies did not have the muscle to put together larger capital outlays as their international peers had, Ivan Missankov, a private equity fund manager at Momentum, said yesterday when responding to questions about an announcement by Ethos Private Equity.
Ethos, a leading private equity company, said yesterday that it had raised R5.5 billion, which would enable it to take on large acquisitions.
Missankov said the fact that Ethos, ...