Covid-19 has thrown up a new problem: buyers’ remorse for deals struck shortly before the pandemic.
As the coronavirus crisis escalated in late spring, Advent International was looking for an escape route. The US private equity firm had agreed in February to pay $1.9bn for Forescout Technologies, a Californian software company. But with the pandemic plunging the global economy into recession, Advent wanted out.
source:https://www.ft.com/content/c4a8f49a-0685-4efd-9acc-4c102862aa87