Deals
As M&A and IPO Work Halts, Emergency Cash Calls Keep Bankers Busy
- U.K. firms turn to ‘cash-box’ placements for fundraising
- Relaxed investor norms around share sales likely to spur deals
Photographer: Mlesna/E+ via Getty Images
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The market rout may have brought mergers and acquisitions to a halt and put the market for initial public offerings in a deep freeze, but not all bankers are sitting idle.
A flurry of emergency share sales is keeping U.K. equity capital markets desks busy, and more can be expected now that a group of British institutional investors agreed to relax norms around fund-raising limits.