Private equity readies for surge in China buyouts on virus, succession woes
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HONG KONG (Reuters) - Private equity groups are beefing up warchests and hiring investment professionals to tap an expected buyout boom in China following the coronavirus outbreak and as founders in some traditional businesses execute succession plans.The coronavirus pandemic has weighed heavily on the Chinese economy, pulverising its industries such as entertainment, catering and tourism. But new daily cases in China are sharply down from February and economic activity has restarted, raising..