Region rivals London in volume of buy outs

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The North West’s private equity buy out market was one of the UK’s most active in 2013, with 34 deals worth £1.63bn, according to the latest data published by the Centre for Management Buyout Research.

The research shows that the region was only a fraction behind London in terms of volume, which saw 38 deals completed, worth £3.8bn.

This was followed by the South East with 29 deals (worth £3.1bn), Scotland with 14 (worth £469m) and Yorkshire with 13 (worth £1.16bn).

Nationally, deal values fell from £16.4bn to £13.5bn with the number of transactions dropping from 206 to 183 in 2013.

Key private equity transactions in the North West include the sale of Speke-based retailer B&M Bargains to US private equity firm Clayton, Dubilier & Rice for more than £900m.

Steve O’Hare, partner at Equistone Partners Europe in the North, said: “Yet again, the North West continues to be one of the top performing regions in the UK and is only marginally behind London for private equity activity. The region continues to be a fertile place for entrepreneurs to grow their businesses.”