Private equity firepower hits $2 trillion

Private equity firms have more than $2 trillion (€1.4 trillion) of firepower to buy companies and could nearly double their equity stakes if this money is put to work.

Private equity funds raised more than $500bn last year from investors, according to research provider Private Equity Intelligence. This money is committed to a fund and only drawn down once a buyout deal has been struck.

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Aviva Takeover of Direct Line Gets Green Light From U.K. Antitrust WatchdogExternal link

Aviva Takeover of Direct Line Gets Green Light From U.K. Antitrust Watchdog