PRINT THIS PAGE UK management buy-outs - Summer review 2002
24/09/2002. Source:CMBOR.
The first half of 2002 has not been particularly good for the buy-out market. Its value has failed to recover from a disappointing end to 2001 with a further decrease in the number of larger deals. Deal flow has also been affected, with figures down eight per cent on the same period last year, according to the latest figures from CMBOR.
Deal value stood at only £7.3bn in the first half of 2002, almost half of what it was a year ago. Much of this can be attributed to the reduction in average deal size, which has hit its lowest level since 1998 at £24.9m. Deal flow totalled only 294, down from 321 for the comparable period last year. Exits remain difficult but a few flotations have given renewed hope to the industry.
Copyright © 2002 CMBOR
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The Centre for Management Buy-out Research is sponsored by Barclays Private Equity and Deloitte & Touche at the Nottingham University Business School. The Centre for Management Buy-out Research (CMBOR) was founded by Barclays Private Equity Limited and Deloitte & Touche at Nottingham University Business School in March 1986 to monitor and analyse management buy-outs in a comprehensive and objective way. As an independent body, CMBOR has developed a wide-ranging and detailed database of over 17,000 companies, which provides the only complete set of statistics on management buy-outs and buy-ins in Europe. CMBOR publishes regular reports on buy-out trends and relevant issues in its UK Quarterly Review and annual European Management Buy-out Review. Centre for Management Buy-out Research (CMBOR), Nottingham University Business School, Jubilee Campus, Wollaton Road, Nottingham, NG8 1BB, 44 115 951, Andrew.Burrows@nottingham.ac.uk, www.cmbor.org
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