The LPX Group highlights a discrepancy between the valuations and fundamentals of private equity firms. By mid-October, the stock prices of these firms were 30-40% below pre-crisis levels, even though many companies had recovered from write-downs and maintained liquidity during the crisis. Michel Degosciu of LPX Group sees the private equity sector as overall stable, especially in the buyout sector, where many firms are utilizing their high cash reserves. He emphasizes that sectors like tourism and hospitality show strong recovery potential post-pandemic, while the recovery of airlines will take longer.
Authors: Maximilian Märkl
Publication date: 27 November 2020
Published in: Citywire Deutschland
Volume/ Ausgabe:
Source download link: https://citywire.com/de/news/private-equity-experte-im-interview-es-gibt-enormes-aufholpotential/a1431268