Deals of good quality but quantity sparse.Byline: By Guy Anderson This article is about the American painter. For the British winemaker, see Guy Anderson (winemaker). Guy Anderson born in Edmonds, Washington, (November 20, 1906-1998) was an American Abstract Expressionism painter. Venture capital-backed deals increased in the North of England last year but the total value tumbled to the lowest in the United Kingdom, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. new figures. There were 37 private-equity deals in the North, including 14 in the North-East and Yorkshire, an increase of 16pc on 2003. But the total value dropped 12pc to pounds 24.8m, said professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. firm Ernst & Young. The fall from pounds 28.3m in 2003 put the region behind Scotland, the South and London. Scotland attracted venture capital of pounds 81.3m, while the South topped the league with pounds 372.8m. London got pounds 204.6m. Ernst & Young managing partner in Newcastle, Mark Hatton <noinclude> Mark Aaron Hatton(born January 24, 1974 in Waverley, New South Wales) was an Australian cricketer who played for the Tasmanian Tigers and the Canberra Comets. He was a left-arm orthodox bowler, and the brother of Northern Territory cricketer, Brad Hatton. said: "The regional venture-capital market showed signs of recovery by the end of 2004." The North had a 13pc share of the 286 deals in the UK, which were collectively valued at pounds 747.6m, a 2.5pc fall on 2003. In numbers of deals, the North was in third place behind the South and London but ahead of Scotland. The South topped the league with 134, followed by London with 80. Scotland had 31. Information technology companies accounted for 38pc of venture capital investments in the North in 2004, while healthcare came close behind at 32pc. Mr Hatton said: "Investors are working hard to pick real winners, particularly in the healthcare and technology sectors. "As a result, we are seeing early-stage investment showing strong growth and value per deal increasing as well. "The froth has been blown off the market and quality, not quantity, is showing through." Ernst & Young's figures came from VentureOne research, a unit of Dow Jones Newswires Dow Jones Newswires is the real-time financial news organization owned by Dow Jones. Founded in 1882, its primary competitors are Bloomberg L.P. and Reuters. The company reports more than 420,000 subscribers -- including brokers, traders, analysts and fund managers -- as of July . The information came from surveys of venture-capital firms and interviews with chief executives and finance directors. The figures follow British Venture Capital Association research showing that the North has attracted venture capital worth pounds 315m in 139 companies in the past decade. British Venture Capital Association chief executive John Mackie said: "Venture capital is far better known in the North today than it was 10 years ago, or even two years ago. Businesses know that funding is available. "But the people on the ground in the North-East have worked very hard at finding opportunities to invest in." |
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