O’Brien: business owners should consider selling up
Tycoon says that ‘we are in an up cycle at the moment’ as he noted that business are being valued at higher levels than ever before, due to market strength
Denis O’Brien has said that the valuations of businesses in many sectors are at an all-time high and owners should consider selling.
The Digicel Group founder, who recently sold the Pacific operations of the telecoms group for $1.85 billion (€1.6 billion), said that the strength of markets and the amount of money in private equity meant that businesses were being valued at higher levels than ever before.
“Right now the markets are so hot, private ...