A highlight of 2018 was the focus on buyouts across the board. Additionally, there was a lot of pressure from the banks on select large corporate houses to offload select assets. With IBC, corporate groups considered selling some crown jewels, too. While there were opportunities, there were challenges, too, including ‘actionability’ and whether a deal ends up getting consumed.
At a macroeconomic level, growth has been a bit lacklustre in the past 24 months, GDP, market capitalisation and corporate profits have recorded growth in a descending fashion relatively. Corporate profits not growing is a concern, as we underwrite future deals