IPO chaos boosts secondary buyout market

Turbulent equity markets which caused chaos for initial public offerings in the second quarter this year provided a boost for secondary buyouts.

Secondary buyouts accounted for 26 of the total 120 deals done in the quarter and valued at €19bn ($22.9bn).This compares with 16 in the same quarter last year and 53% higher than this year's first quarter.

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Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump