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Business News

Buyouts back in vogue as value rises 25 per cent

Private equity firms have bounced back to life this year as the value of buyout deals jumps by almost a quarter, according to new figures.

The value of deals completed in the UK has risen 23 per cent to £15.7bn, according to Ernst & Young, compared with £12.7bn last year. These included Hellman and Friedman's £1.1bn takeover of energy consultant Wood Mackenzie. Christian Marriott, partner at Equistone Partners Europe, said: "The UK buyout market has remained robust in 2012, outperforming its continental European neighbours."