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Private equity firms start spending their mountain of dry powder

A top-heavy market reflects the huge pile of capital recently amassed by the world's largest private equity firms

Private equity firms start spending their mountain of dry powder

European buyouts are getting bigger as firms get to work spending the proceeds of a record-breaking fundraising spree, FN's sister publication Private Equity News reports.

Some 22 deals, each worth $1bn or more, were completed in Europe in the year to September 26, up from 18 in the same period in 2016, according to Dealogic. The typical private equity deal was worth $178m — up from $119m last year and the largest since before the financial crisis.

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