What the future holds

The worst of the storm may be behind us, with investors regaining their appetite as IPO markets slowly start opening up. Indeed, Madrid-based travel agency Amadeus, backed by Cinven and BC Partners, has hired Rothschild to advise on its planned flotation of 30% of the company's capital; an EUR8bn deal. If it goes through, it would be among the biggest IPOs European markets have seen in two years