Private equity's dry powder challenge

JAB Holding Company announced a US$21b deal to merge Dr Pepper Snapple with its Keurig Green Mountain (above), creating a new beverage giant called Keurig Dr Pepper with US$11 billion in revenues.

PHOTO: AFP

IT'S hard to view the unprecedented flow of capital into private equity funds over the past five years as anything but positive. Buyout funds alone have raised a stunning US$1.1 trillion since 2012. Last year's record fundraising of US$301 billion in buyout capital signalled that investor