The afternoon deal: PE in Berlin
Optimism, and the accompanying cash flow, seems to be improving report Megan Davis and Simon Meads from the private equity Super Return International conference in Berlin.
“A lot of balance sheets in corporate America got clean and lean and I think you’ll see a good deal of M&A activity over the next couple of years,” said Apollo Management’s founder Leon Black.
Here are some other takes from Berlin:
China builds stakes in Canadian mining companies (The Globe and Mail)