Mid-market confidence remains high

The vast majority of UK mid-market venture capitalists expect the volume (98%) and value (95%) of mid-market transactions to increase or at the very least stay the same over the next twelve months, according to a survey conducted by Grant Thornton Corporate Finance. For the fourth consecutive quarter, the majority of private equity houses said they expected the highest returns from their investments in the business services (20%), healthcare (15%) and financial services (11%) sectors. Perceived returns from the IT sector have also shown a marked increase. Just 2% of investment houses predicted this sector would generate the greatest levels of return back in first quarter of 2004 compared to 9% today. Having experienced a marked rise in investor interest recently, almost 30% of VCs expect financial services to be the most consolidated sector over the next six months. However, the retail sector was also tipped to consolidate (12%), as well as IT services (7%).

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• Topics
• UK / Ireland
• Healthcare
• Consumer