Zero private equity-backed deals in 2011 - CMBOR
The East Midlands' buyout market has tumbled in the first half of 2011, according to figures released by the Centre for Management Buy-Out Research (CMBOR). In the first half of 2011, there were no private equity-backed deals recorded in the region.
The dearth of private equity-backed deals is a fall from the last half of 2010, in which four were recorded in the East Midlands with a combined value of £44m.
A drop in value was a national trend - the first six months of 2011 included 81 deals with a total value of £5.7bn compared to 78 deals with a value of £10.1bn in the second half of 2010.
Research by CMBOR, based at Nottingham University Business School, was sponsored by Barclays Private Equity and Ernst and Young.
Paul Harper, investment director at the Midlands Office of Barclays Private Equity, said: "Overall, the UK private equity market has had a slow start to 2011 following a heightened level of buy-out activity at the end of 2010.
"Buy-out firms in general have been more inclined to sell than to acquire and overall, it is the exit market that has dominated UK deal flow in the first half of this year."
