Analysis

Vendors and banks amenable to strong 2013 in UK

Source: unquote | 06 Feb 2013 | screening image
Loading the player ...

Unquote” interviews Jim Keeling of Corbett Keeling Corporate Finance and Gary Edwards of Investec Growth & Acquisition Finance about expectations for 2013.

While last year saw most of Europe's deal numbers decline, the UK stood out, exceeding 2011's €16bn with a robust €26bn clocked up for last year.
"The euro has to be a big factor in this," says Jim Keeling of Corbett Keeling Corporate Finance. "Our difficulties are nothing compared to the eurozone countries."

Vendors, long deemed to be persistently hanging on to outdated price expectations, seem to be meeting private equity now. Firstly, Keeling points out that time has elapsed, allowing vendors to accept the new backdrop. Investec Growth & Acquisition Finance's Gary Edwards suggests private equity houses are upping their offers, too: "Sponsors are finding areas where they can really add value and therefore meet vendors' price expectations. We've seen tremendous growth here."

And banks are back in the game. Says Keeling, "There is plenty of debt available at the moment. We can now go to the spectrum of banks and get interest even in some relatively small deals – I don't see any lack of interest at the moment. Even those who were said to have shut doors a year ago are back now." Statistics from unquote" data reveal all-equity buyouts at an all-time low across the last five years, indicating that most deals nowadays contain an element of debt.

Visitor Comments

 

Add your comment

We won't publish your address
By submitting a comment you agree to abide by our Terms & Conditions

Your comment will be moderated before publication.

search unquote.com

Industry news

Hellman & Friedman’s Scout24 mulls IPO

Announcement comes on same day as Zalando confirms October IPO

DACH unquote

| 19 Sep 2014 | secure

Graphite hires Lyceum’s Baker as investment director

Graphite hires Lyceum’s Baker as investment director

Firm makes three new hires and three promotions

UK unquote

| 19 Sep 2014 | secure

Zalando sets share price range

Price range of €18-€22.5 with greenshoe equates to proceeds of between €507-633m

DACH unquote

| 18 Sep 2014 | secure

Isis’s Robinson joins YFM to launch Birmingham office

Isis’s Robinson joins YFM to launch Birmingham office

Robinson already based in Birmingham for Isis

UK unquote

| 18 Sep 2014 | secure

Updating your subscription status Loading

People

Charlie Robinson of YFM Equity Partners

Robinson already based in Birmingham for Isis

More people news

Simon Chambers of Altium

Simon Chambers, Altium

Simon Chambers and Richard Clark join as managing directors in new UK debt advisory team

More people news

Simon Hemley of LDC

Simon Hemley, LDC

LDC bolstering numbers after departure of CEO and head of London office

More people news

John Flynn of ACT Venture Capital

John Flynn, IVCA

Flynn has 25 years' experience in software and technology venture investment

More people news

Karl-Heinz Goetze of Gamma

Karl-Heinz Götze, Gamma Capital Partners

Götze took over management of Gamma portfolio company in March

More people news

Events

event

unquote British Private Equity Awards

Date: 02 Oct 2014
Location: London, UK
event

unquote" DACH Private Equity Forum

Date: 07 Oct 2014
Location: Munich, Germany
event

unquote" Italia Private Equity Forum

Date: 12 Nov 2014
Location: Milan, Italy
event

Forum unquote” Italia sul Private Equity

Date: 12 Nov 2014
Location: Milan, Italy

Email Alerts