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AltAssets is the private equity news and research service from Almeida Capital
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PRINT THIS PAGE UK small and medium-sized companies happy with PE investor-investee relationship21/01/2008. Source: AltAssets. 
A total of 86 per cent of small and medium-sized companies surveyed in September and October 2007 said they have a good relationship with their private equity backers, according to UK private equity firm Bowmark Capital's first Bowmark Entrepreneurs' Index. The study also found that 58 per cent of the surveyed companies think that their private equity partners have provided useful guidance on strategy, and 71 per cent believe their private equity investors set realistic targets.
Bowmark managing partner Charles Ind said, 'You have to be a positive thinker to be a successful entrepreneur. But this survey demonstrates that many small and medium-sized businesses are delivering good results in spite of worsening economic and financial conditions and expect to do so in the future.
'Since our review, global uncertainty has increased significantly. Our next survey will reveal whether entrepreneurial businesses retain their optimism as conditions worsen,' Ind added.
Chief executives or managing directors of 172 UK companies responded to the survey, Bowmark said.
Copyright © 2008 AltAssets
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