UK Watch: continued optimism in Q3

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11 October 2013

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Following an uptick of deal activity in the second quarter, the optimistic mood has continued into the third quarter, according to the latest unquoteт UK Watch, published in association with Corbett Keeling.

The latest results from unquote's quarterly industry survey found that the volume of smaller buyouts has held steady, dropping by just one from the previous quarter but still an impressive 50% up from the first quarter.

Another notable feature of third quarter activity was the increase dealflow at the larger end of the market - those carrying an enterprise value of more than £150m. Over the period, 10 deals of this size were recorded, an improvement from the seven completed in the previous quarter.

Unlike the encouraging deal activity witnessed in the small to mid-market, the volume of early-stage and expansion capital deals was lower this quarter. Just 43 deals of this nature were recorded in the most recent quarter, compared with 61 in the second and 73 in the first.

Refreshingly, not one respondent expected to see a decline in buyout activity in either the lower or larger market segments. And reinforcing the feeling of continued optimism, a larger proportion of respondents in this quarter's survey predicted a rise in activity across all market segments.

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