English to German Bus/Financial Finance (general)

Despite falls in both deal volumes and private company prices, the M&A community is beginning to pick up on a conveyed message from a number of lending institutions that they are now open for business, according to Christopher Clark, corporate finance partner at BDO Stoy Hayward. He said: “There appears to be more optimism in the marketplace as the combination of government and banking initiatives begin to kick-in. Nevertheless, it will take some time for the appetite of banks to fund leveraged transactions, to fully feed through to the execution of deals in the pipeline. Given the higher capital cost of funding transactions from equity however, it is not surprising that ***deal pricing is down***.

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