Private equity warms up to oil deals with $1 tln warchest: Reuters
The world's private equity funds, with a cash pile of around US$1 trillion, are stepping up their interest in the oil and gas industry, with almost a half expecting to buy assets in the sector over the next year, Reuters reported, citing the findings of a new survey. Funds' appetite for investments in the sector fell sharply after the start of the oil price route two years ago. But recent signs of a rebound, coupled with abundant assets around the world, are turning the tide, advisory firm EY said in a survey of 100 private equity firms.
21 June 2016•2 mins read
