Highly leveraged deals may dry up, warns investor
Richard Pyvis of CLSA Capital Partners predicts riskier private equity deals will become unfeasible as the cost of financing rises.
Chairman and CEO of CLSA Capital Partners, Richard Pyvis, is a big believer in the Asian growth story, but says riskier buyouts will become harder to finance. He also says the success of recently completed large-scale deals will only be proven when these investments are exited and profits tallied. FinanceAsia speaks to Pyvis about the fallout from the liquidity crunch sparked by the US subprime crisis.
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