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Private equity has £270bn dry powder to spend in UK

Private equity is sitting on an “overwhelming” mountain of capital, and is poised to swoop on London-listed companies.

City stockbroker Peel Hunt said the European private equity industry had accumulated a £270bn war chest of dry powder and was eager to deploy.

“The sheer weight of dry powder, following a period of record fundraising, demands the deployment of capital,” the broker said.

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