UK buyout market shows robust Q3 performance

The UK buyout market value surged in the third quarter, with £5.5bn worth of deals recorded compared with £3.5bn for second quarter, according to statistics from CMBOR. As a result, annual figures are predicted to surpass last year's buyout market value total of £16.3bn. Market value for the year to date currently stands at £13.6bn compared to £9.7bn for the first nine months of 2003. Another indicator of the buyout market's health is that average deal value has increased for the first time since 2001 and now stands at £28m compared with £23m last year. At the larger end of the market, 35 deals worth more than £100m completed in the first nine months of the year, shattering 2003's annual total of 21. Five years ago, UK parent company divestments provided 41% of all buyouts but in 2004 their share has fallen to 22%. Conversely, buyouts from family and private firms have accounted for 31% of all deals in 2004 after contributing only a quarter of the market last year. The top five industry sectors, including business services (£1.8bn), manufacturing (£1.6bn), retail (£1.4bn), healthcare (£1.1bn) and leisure (£1.1bn), contributed over half of the £13.6bn to date in 2004.

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• Topics
• UK / Ireland
• Healthcare
• Consumer