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Nerves hit mega manager buyouts

12 April 2012

MANAGEMENT buyouts have plunged in value by more than half during the past 12 months. They totalled £13bn, against £28bn for the previous 12 months, according to a report from Nottingham-based Centre for Management Buy-Out Research.

Only 11 mega deals - those valued at more than £100m - have been completed so far in 2002 compared with 21 in the same period of 2001. However, mid-market deals seem largely unaffected by the stock market slump.

There were 62 in the first six months of this year, against 66 in the same period of 2001. Mark Pacitti of Deloitte & Touche, the report's sponsor, said: 'The value of mid-market deals has fallen only 10% from £1.9bn to £1.7bn, while the value of large deals has collapsed from £10.5bn to £4.5bn.

'Deals worth more than £100m make buyers more wary.'

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Deloitte And Touche
Financial Crisis
Stock And Equity Market And Stock Exchange