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Australian private equity confidence survey - Q3 2002

The Australian and New Zealand private equity community remain downbeat about the outlook for the operational environment over the next six months. But there is some cause for optimism. The volatility of the capital markets and global political tension may create an opportunity for private equity to dominate the funding of M&A activity. Deloitte & Touche's private equity confidence survey for Q3 2002 assesses the sentiments of venture capitalists for the coming six months.

The results show a continued decline in general confidence on Q2 2002. Only three per cent of respondents expect the overall economic climate to improve while 25 per cent expect a decline. Possibly of more significance is the reduced confidence in the expected future financial performance of investee companies - only 38 per cent now expect an improvement by their portfolio companies compared to 65 per cent in Q2 2002 and 79 per cent in Q1 2002.

Copyright © 2002 Deloitte & Touche

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