The amount of money spent by private equity firms to acquire automotive companies in 2018, according to PwC's year-end report on industry mergers and acquisitions. While the overall number of deals was basically flat for the year, the activity of financial investment firms rose sharply in 2018, up from $9 billion in 2017, according to PwC. "Capital continues to be available," PwC concludes of the private equity sector; "financial buyers have significant dry powder and corporate balance sheets are strong (compared to historical periods when the sector faced potential slowdown)."
from Section Page News - Automotive News http://bit.ly/2SJwmDw
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