Over $41.7 billion have been pumped into the global market by private equity players following the declining merger and acquisition (M&A) activity for the sixth consecutive half-year.
Many high-value deals in the first six months of 2003 was fuelled by debt restructuring of major conglomerates.
These deals saw private equity players waiting in the wings for the sell-offs, said KPMG Corporate Finance in its latest report on the slowdown in M&A activity.
Worldwide, deals were down by 33 per cent from 10,943 in the first half of 2002 to just 7,324 in the corresponding period in 2003.
