2011 a mixed year for run-off M&A
Although 2011 will probably not be remembered as a year when the legacy market made hay, it has not passed without significant business being done by market participants.
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While some players have complained that the
level of competition for attractive portfolios has driven prices to
levels where returns are squeezed, the major players have all
managed to find and complete transactions (see table).
Perhaps one of the most significant trends was the increased focus on the legacy...
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