Private equity groups will continue their raid on UK plc unless there is a sweeping reform of City rules to lighten the load on public companies, according to the chief executive of one of Britain’s largest asset managers.
“Is it a raid? It’s certainly evident that it’s happening,” said Peter Harrison, chief executive of Schroders, adding that it was an “inevitable consequence” of the UK’s governance regime and of the tax deductibility of debt.
In the first half of this year private equity firms announced bids for UK-listed companies at the fastest pace in more than two decades, taking advantage of depressed valuations as a result of Brexit and the pandemic.
您已阅读17%（666字），剩余83%（3207字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。