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Private Equity

Banking turmoil forces private equity firms to change tack

Less leverage and more club deals are on the cards in wake of banking crisis

Private equity firms are pivoting away from riskier deals and debt-fuelled buyouts amid turmoil in the banking markets.

A fortnight of turbulence in the banking system, prompted by the collapse of Silicon Valley Bank and UBS's rescue of Credit Suisse, has caused fresh uncertainty in the debt markets, making it harder for PE firms to finance their deals.

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