UK trends in private equity
July 31, 2015
As part of the introduction to my new role as head of UK private equity (PE), I recently sat down with Victoria Robson of Private Equity International to discuss some of the key trends driving activity across new funds, deals and exits in PE.
It’s certainly an interesting time for new funds with a few having been launched by employees of existing firms and some European funds positioning themselves differently.
From a deals perspective the mergers and acquisitions (M&A) market has been strong with a recent rise in the number of larger deals (over £1bn) and there are some interesting future transactions in the offing.
The exit market has also been interesting recently with an active initial public offering (IPO) market, interest from overseas investors and PE portfolio companies opting for a dual-track process.
I’m also seeing deal multiples at quite a high level as foreign pension and sovereign wealth funds are increasingly competing against PE firms at the top end of the market.
I go into a lot more detail and specifics in the Private Equity International article “PwC’s head of UK PE Philip Hines talks UK trends” so download your copy here.
What are you seeing in the PE market? What do you think the second half of 2015 holds? Share your thoughts below or schedule a meeting to discuss your plans in confidence.