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HHL study: Private equity firms postpone exits – valuations and liquidity face pressure

The holding period for portfolio companies of private equity (PE) firms has continued to increase over the past twelve months. 70 percent of PE firms in Germany surveyed by management consultancy FTI-Andersch and the Center for Corporate Transactions and Private Equity (CCTPE) at HHL Leipzig Graduate School of Management stated that they would have to postpone exits for the time being. Fifteen percent of these also assume that exits will take place significantly later. The reason: The current market situation is depressing valuations, meaning that many transactions are not coming to fruition under the current conditions.


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Lynn Lackmann

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