Ryan Van Wagenen European Private Equity Sector Update Ryan_Van_Wagenen__Global_Private_Equity | Page 5

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European Buyout By Deal Size
In the US, markets have rallied to record highs
since the inauguration of President Trump.
Meanwhile, stock market volatility, at least for
the time being, has decreased. This is likely to
be a result of the administration’s pro-business
agenda. The most notable example of this has
been the corporate tax overhaul that will accrue
to company earnings.
Monetary policy remains loose, especially in
Europe where the interest rate is essentially
zero, and therefore the debt necessary to
finance buyouts continues to be cheap. There
also remains a supply-demand imbalance, with
more equity capital than there are opportunities
to invest that capital, sustaining the high-price
environment.
I N T E R N A L T R A I N I N G P R E S E N TAT I O N - RYA N VA N WA G E N E N – G L O B A L P R I VAT E E Q U I T Y – T E C H N O L O G Y S E C T O R
SOURCE: PWC PRIVATE EQUITY TREND REPORT 2018