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Unless you have data to prove that statement, NY isn't taking any lev fin nor PE business from Brexit. Most London-based PE houses have offices in other Europe
by antr 10y ago
Unless you have data to prove that statement, NY isn't taking any lev fin nor PE business from Brexit.
Most London-based PE houses have offices in other European capitals (Paris, Milan, Munich, Madrid, Stockholm, etc). Just take a look at KKR, Cinven, PAI Partners, CVC, Apax, Carlyle, etc, offices location around Europe.
Additionaly, most active banks have lev fin / acquisition finance teams in other European cities other than London (e.g. SocGen in Paris, BNP Paribas in Paris, DB in Frankfurt, Unicredit in Milan, Santander in Madrid, BBVA in Madrid, etc).
Should London be worried? Yes. Is the threat coming from the US? No.
- ThomPete 10y agohttps://www.bloomberg.com/news/articles/2016-10-16/the-big-winner-from-london-s-brexit-exodus-isn-t-even-in-europe https://www.bloomberg.com/news/articles/2016-10-16/the-big-w...