UK private equity firms shrugged off Brexit concerns and went on the offensive in Europe last year as acquisitions of corporates on the continent jumped 80 per cent, fresh data has revealed.
Global dealmaking hit $5.9tn last year, sailing past previous records and jumping 64 per cent on the year prior.
But the shocks of war in Ukraine and soaring inflation have put the stoppers on a boom this year, with deal value slumping 21 per cent in the first quarter compared to the all-time high of $1.8 trillion last year, according to data from intelligence firm Refinitiv.
Read more: City A.M.
