Brexit

A survey by fund administrator Augentius found that 85% of the European and 81% of the US private equity and real estate firms want Britain to remain in the EU.

Data from the Electoral Commission shows industry names, including KKR’s Johannes Huth and Warburg Pincus’ Joseph Schull, are not leaving the outcome of the upcoming referendum to chance.

The OECD has warned that if access to the single market is lost, foreign direct investment in the UK could be diverted to EU countries.

Remaining in the EU would lead to a ‘slow strangulation by legislation and regulation’, the industry veteran told Private Equity International.

Private equity fund managers in the UK should consider what an exit vote could potentially mean for marketing and fundraising in Europe.

As the UK inches closer to a summer referendum on whether to remain a member of the European Union, PEI is polling the industry to find out where it stands on the prospect of ‘Brexit’.

At the Private Equity International European mid-market roundtable, industry heavyweights agreed that a downturn is on its way.

As the public vote on whether the UK should remain part of the European Union nears, Terra Firma founder and chairman Guy Hands has voiced his support for remaining inside the economic block.

Reports from PwC and Clifford Chance cite concerns around market volatility as reasons for a challenging 2016 for deal-makers.