Party in the U.K.: Best Quarter for PE Deal Flow in Years
July 10, 2014
With the news of Kohlberg Kravis Roberts' acquisition of Aberdeen, U.K.-headquartered OEG Offshore Group, we took to the PitchBook Platform to examine the U.K. PE scene. Last quarter was particularly good for PE deals in the U.K. The 135 such deals completed in 2Q 2014 have pushed this year's total to 270 so far and speak to a continually growing appetite for deal-making in the country—particularly in financial services, which more than doubled in deal count from 2012 (23) to 2013 (49) and has stayed strong this year, logging 27 deals so far. B2B, however, has seen the most activity this year, with 110 deals.
U.K.-headquartered PE investors have showed a predilection for hometown companies. In fact, the eight investors most active in the country since the beginning of 2010 are all based in the U.K., led by Lloyds Development Capital, which has made no fewer than 87 such investments. Also among the top eight are Maven Capital Partners, Sovereign Capital, Business Growth Fund and NVM Private Equity. To see what other firms have been recently active in the U.K., as well as the underlying deal data for this story, check out the related PitchBook Platform search here.