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LEGAL & FINANCE: Investor confidence high.

Market confidence levels among mid-market private equity investors are riding high, according to a survey carried out by Grant Thornton Corporate Finance.

Ninety-two per cent of such venture captialists predicted that the volume of transactions would increase or stay the same over the next twelve months.

However 89 per cent also anticipated that the value of transactions would follow suit.

Tony Dunn, partner at GTCF, said: "VCs' appetite for new investments is stronger than ever.

"A stable macroeconomic climate, the ongoing availability of bank debt and significant funding availability continues to drive the confidence of private investors."

Business services, healthcare and financial services were cited as the most popular sectors for VCs to invest in over the next twelve months.

Mr Dunn said: "While pension deficits continue to have a detrimental impact on M&A activity, another matter of considerable concern is the issue of the taxation of the private equity industry."

Tax uncertainties were making it increasingly difficult for funds and banks to assess returns on investments, he maintained.
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Title Annotation:Business
Publication:The Birmingham Post (England)
Date:May 19, 2006
Words:170
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