PE activity buoyed by more realistic valuations

Entrepreneurs in China and across Asia have restarted negotiations to sell stakes in their firms to private-equity buyers on the back of stock market falls, observed Daniel Yeh of Ropes & Gray. The private equity partner noted that during the seven months to June 12 this year, when the Shanghai Composite more than doubled to 5,166 points, potential sellers had abandoned such talks. However, after a slump that saw the Shanghai index fall to a low of 2,927 points on August 26 …