War-related economic and market turmoil will shake out a swathe of private equity and credit firms, leaving the sector dominated by fewer but larger players, the head of Europe’s biggest private markets investment house predicts.
Per Franzen, chief executive of Swedish giant EQT, has told The Australian Financial Review he is on the hunt to snap up assets left behind by thousands of “zombie” firms he expects to falter as investors flock to those with a proven track record.
Andrew TillettEurope correspondentAndrew Tillett is The Australian Financial Review’s correspondent for Europe, based in London. He was formerly foreign affairs and defence correspondent based in Canberra. Connect with Andrew on Facebook and Twitter. Email Andrew at andrew.tillett@afr.com
