East Midlands PE deals hit record high

Will Copeland

The value of private equity-backed deals in the East Midlands reached record heights last year, new figures reveal.

According to data from CMBOR and Equistone Partners Europe, 21 deals were completed in 2022 with a combined value of £1.9bn – up from £1.5bn in 2021 and higher than the previous peak of £1.6bn in 2015.

While the number of deals in the East Midlands increased from the 13 completed in 2021, the average deal size reduced from £114m (2021) to £90m (2022). However, this was still considerably higher than the 10-year average of £60m.

Will Copeland, from Equistone’s Midlands office, said: “Both in the East Midlands and nationally, 2022 continued the trend of 2021 with significant amounts of private equity capital invested. It is a reflection of the current quality of management teams and businesses in the East Midlands region that there has been a huge amount of investment from private equity in the region at more than double the 10-year average of private equity capital invested.

“For the year ahead, despite the continued economic uncertainty, there continues to be several interesting opportunities emerging in the Midlands.”

Click here to sign up to receive our new South West business news...