Carlyle’s decision to sell Moncler in a secondary buyout is consistent with a pattern we have seen established in the Europe over the last 12-18 months, says Ed Griffiths, private equity partner at DLA Piper…
The continued prevalence of buyouts or trade sales highlights the unease felt within the Private Equity community over the exposure of IPOs to short term swings in sentiment regarding the macro economic outlook. However, our perception is that this view is not as entrenched in the US where certain institutional investors, particularly in key sectors such as technology, have demonstrated greater confidence in the public markets ability to deliver above average returns when exiting their investments.”
