The US-Israeli war against Iran threatens to disrupt global dealmaking as Gulf investors that have bankrolled transactions worth billions of dollars reassess their spending priorities.
At least $106bn worth of deals struck in North America and Europe that hinge on commitments from the Gulf are yet to be completed, according to data from PitchBook, a potential risk as the conflict with Iran drags on.
Gulf investors put money into more than $120bn of completed deals in North America and Europe last year, according to Dealogic. But they and the sovereign wealth funds they operate are now reviewing their portfolios and deployment strategies after bearing the brunt of Tehran’s military response to the conflict, analysts, officials and bankers told the FT.