UK watch: Mixed feelings in Q3

While mid-market buyout activity has held up in the third quarter, helped by a constant supply of gearing, the larger end of the market has seen its worst result - with only three UK buyouts valued at more than €150m - since the nadir in deal-making at the end of 2008 and the beginning of 2009.

The picture of weak activity further holds true for early stage and expansion transactions, signalling investors' unwillingness either to take risks backing younger businesses or to put fresh money (development capital) behind existing companies.

Unquote's survey of market participants also gives mixed signals, with a large proportion of respondents expecting activity in the lower deal bracket to remain at recent levels, supported by an adequate supply of bank debt. However, larger deal activity is expected to decline - even from its current low levels.

Download the latest unquote" UK Watch, in association with Corbett Keeling, from our research centre.

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• Topics
• UK / Ireland
• Buyouts
• Early-stage
• Expansion
• United Kingdom