Private Equity Deals Dent European IPO Pipeline as Stocks Waver
- Takeovers welcomed by firms struggling to raise cash via IPOs
- Two recent listings hopefuls were instead bought out
Takeover offers can be a welcome respite for private firms struggling to raise cash via IPOs.
Photographer: Nathan Laine/BloombergThis article is for subscribers only.
Private equity firms are snapping up initial public offering candidates, eating into a fast-depleting European pipeline at a time when companies are shelving listing plans.
At least two IPO hopefuls were recently bought out: bus and train operator Flix SE’s listing plan was taken off the table when investment firm EQT AB teamed up with German logistics tycoon Klaus-Michael Kühne to acquire a 35% stake. Platinum Equity agreed a deal for Nordic Capital’s German wheelchair maker Sunrise Medical barely a week after the company laid out IPO plans.