Several distressed Kenyan firms in the Covid-19 hit travel, entertainment, energy and financial sectors could be snapped up by private equity (PE) funds eyeing quick bargains, Japanese law firm, Anderson Mori & Tomotsune said.
“The Covid-19 outbreak has had a significant impact on global markets, adversely affecting both demand and supply. The pandemic has meant that some corporations are in financial distress because of the crisis, and may have to merge with or be taken over by other firms,” it said in a Kenya focused market update.
