The full picture of Covid-19's impact on private equity activity will become clearer when final numbers can be tallied up in early 2021. But the early figures highlight how a 2008-style meltdown was averted, both in terms of deal-doing and fundraising.
That said, the crisis has further exacerbated a bifurcation in the market that is likely to lead to ever more competitive processes and correspondingly high average entry multiples, at a time when the full ramifications of Covid-19 for a number of businesses are still not crystal clear.
Unquote editor Greg Gille welcomes Unquote’s UK market specialist, Katharine Hidalgo, to discuss how the UK industry fared in 2020 and what’s on the minds of market players as 2021 beckons.
0:00 – Intro
0:33 – Pan-European 2020 trends overview
2:38 – UK headline figures
4:50 – Pent-up demand and CGT hike looming
9:14 – Outlook for 2021
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