Activity levels increase in MBO market
KPMG's private equity group has reported increased levels of activity in the MBO market for the third quarter of this year, with the mid-market sector showing strong growth.
Some 38 deals with values over £10m were completed in the third quarter, with a total value of £3.23bn.
The mid-market (£25m to £100m) showed particularly positive signs of recovery. For the first three quarters of 2003, deals in this sector totaled £2.12bn – almost as much as the total value of mid-market deals in 2002 (£2.18bn).
Head of corporate finance within the private equity group Charles Milner, said: ‘The strength of the middle market is particularly encouraging and underlines the essential role the private equity community plays in providing finance for this important part of the UK economy.’