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NORTH EAST PRIVATE EQUITY DEALS RISE

The North East experienced a rise in the volume of private equity funded transactions since Q1 2021, according to a report by Experian MarketIQ.

In the first quarter of 2022 there was 27 announced private equity transactions, compared to 25 in the same period last year, representing an eight per cent increase.

The most active investor was the North East European Regional Development Fund, with a total of nine transactions for the first three months of the year.

Bank debt as a source of funds remained stable in compared to last year, dropping by one transaction to a total of 12 deals. HSBC was the most common source of finance.

In terms of sectors, professional services, which took last years top spot, had 19 deals dipping below manufacturing which has 25.

Deal activity in the property sector climbed by 22 per cent on a year-by-year basis, while the value of the deals jumped to £220m.

Values also rose in the construction and healthcare sectors.


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