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Krishna Veeraraghavan Notes High Cost of Deal Financing in Financial Times

September 28, 2023

Corporate partner Krishna Veeraraghavan spoke with the Financial Times about the slowdown in global dealmaking due to high interest rates and a tough regulatory environment. Krishna notes that the higher cost of borrowing to fund acquisitions has taken a toll on private equity buyers.

“Private equity activity levels are still down and that is primarily due to the debt financing markets and the cost of financing remaining high, certainly compared to prior years when sponsor activity was much higher,” says Krishna.

The article also highlights the pending $20 billion Smurfit Kappa-Westrock combination, led by Paul, Weiss, which raises hopes of a revival in the market as uncertainty around the economic outlook begins to lift.

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