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Private equity firms expect to be more active in media sector in 2003

Private equity investors specialising in the media sector expect to be more active in 2003, according to new research from KPMG. B2B publishing is seen to be the most promising of the media sub-sectors.

‘There must be more deals this year - there couldn't be any fewer!' said one private equity executive.

Calum Chace of KPMG said that the reason for last year's lack of deals was mostly to do with the difficulty of forecasting revenues and on vendors' unrealistic price expectations.

In addition most private equity investors believe that the government's Comminications Bill will make it easier to do deals within the media sector.

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