UK Watch: strong Q3 deal activity

The latest results from the unquote" quarterly industry survey found that in the lower mid-market (deals with an enterprise value of less than £150m), deal volume saw an uptick, with 40 transactions recorded, up from the previous quarter's 38. Furthermore, the aggregate value of deals rose from £1.5bn to £1.9bn, representing the highest level seen in six years.

In the larger buyout segment (deals with an enterprise value of more than £150m), activity was relatively positive compared with the second quarter. In terms of deal volume, Q3 saw six deals, in line with the previous period, and deal value jumped from £1.6bn to £2.1bn.

The early-stage and expansion category also did well, witnessing a recovery in Q3. Despite deal volume slipping from 85 to 74, deal value soared to £787m from Q2's £486m.

The results from the market survey reveal a good level of positivity from practitioners, with 70% of respondents expecting both the small-cap market to experience increased activity over the next six months, and 50% predicting increased activity in the large-cap market.

Read the full report in the unquote" UK Watch, in association with Corbett Keeling.

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