Private equity firms are increasingly targeting Portugal’s family-owned businesses as a generation of founders reaches retirement age without succession plans, driving a rise in M&A activity across the country, according to a report by Bloomberg.
Family-owned businesses reportedly account for 70-80% of Portuguese companies, around half of employment and approximately 65% of GDP. As many entrepreneurs who established businesses during the 1980s and 1990s prepare to retire, private equity firm...
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