RSS feedsUK buy outs during the first half of 2007 surpassed that of the same period in 2006 by 31% and reached a total of £13.9bn, according to figures released by the Centre for Management Buyout Research.
CMBOR, which was founded by Barclays Private Equity and Deloitte at Nottingham University Business School, revealed that despite a slow start, 2007 was set for a bumper 12 months. However, the ongoing US sub-prime mortgage crisis, which has panicked the financial markets and led to a drying up of liquidity, has put a severe dampener on the sector.
“After a sluggish start to the year, private equity completions have bounced back in Q2,” said Mark Pacitti, corporate finance partner at Deloitte. “Notwithstanding continuing concerns over consumer confidence on the high street, we have also seen a number of large scale secondary retail buy-outs this year including Fat Face, Threshers and Jimmy Choo.”
