The latest private equity confidence survey by Deloitte & Touch, released today, found that a quarter of VCs expect an improvement in economic conditions to drive deal activity in the coming months.
Sixty-six percent of respondents said deal volumes would increase in the next six months, while just 13% remained pessimistic, expecting conditions to deteriorate.
VCs also expect secondary buy-outs to be a major source of investment opportunities and say refinancing will drive a greater proportion of exits over the next six months.
Improved confidence in economic conditions is expected to make deal pricing easier, in turning boosting transaction activity.
Mark Pacitti, private equity partner at the firm said activity in the industry had already started to ‘ramp up in recent weeks with Selfridges, Chubb and Debenhams, among the high profile businesses that are being approached by VCs’.
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
Baldwins Accountancy Group has continued investment in the north-east and appointed David Fish as a director in its corporate finance team
UK M&A activity bounced back strongly in July and August, according to analysis by the deals practice at PwC.
Smith & Williamson has added Jim Clark and Philip Marsden, of Marsden Clark Corporate Finance Limited, to its corporate finance team.