Yorkshire private equity deals see boom time in the first few months of 2014

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THE combined value of private equity-backed deals in Yorkshire reached £619m in the first three months of 2014, according to new data, with the region ranked behind only London and the South East by this measure.

This was the second highest quarterly total for Yorkshire since the first quarter of 2010.

According to the latest data from the Centre for Management Buyout Research, sponsored by EY and Equistone Partners Europe, the combined value of private equity-backed deals in London was £1.6bn in the first quarter of this year and £800m in the South East.

Buoyed by the buyouts of Leeds-based businesses consumer information expert Callcredit and Leeds-based fleet management and vehicle outsourcing firm Zenith, the total value for the first quarter of 2014 in Yorkshire exceeded the buyout values for the previous three quarters combined.

But it did not surpass the figure for the first quarter of 2013, which was £714m. Four deals completed in the first three months in 2014, down from five a year earlier.

Mark Clephan, M&A director at EY in Yorkshire, said: “The Yorkshire private equity market’s strong performance so far in 2014, which has been underpinned by two high quality mid-market transactions, suggests that confidence amongst sponsors and corporates is improving.

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