End of Easy Money Raises the Risk of Deals Dying in Europe
- Tough credit market puts spotlight on $25 billion M&A pipeline
- Lenders grow wary of being saddled with unsellable debt
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Europe’s dealmakers are finding it harder to secure the most important component of their takeovers: the money.
After more than a decade of freely-available financing, rocky markets are making banks less willing to lend for big mergers and acquisitions. This has cast a shadow over at least $25 billion worth of European transactions, including some high-profile deals in the UK, according to a Bloomberg analysis of ongoing situations.