Brexit

A BCG study predicts the UK sectors most likely to be disrupted by the UK’s decision to leave the EU and throw up opportunities.

The UK lower mid-market has posted its best six-month period since 2008, despite the uncertainty surrounding the UK’s decision to leave the EU.

The Chief Secretary to the UK Treasury David Gauke praised the work of the private equity industry in an address to LPs and GPs in London on Thursday.

The UK-focused firm extended the fundraising by six months to take account of investor uncertainty around the UK’s EU referendum.

Global investor demand for European assets turbo-charged the French investment firm’s latest fundraising, enabling it to close its sixth mid-market buyout fund in just four months, says Philippe Poletti, head of the Ardian Mid Cap Buyout team.

Senior debt strategies are largely protected from low GDP growth and shifts in inflation, unlike investments in equity and bonds, a report has claimed.

A survey by mid-market firm ECI finds high-growth UK businesses are less likely to choose private equity as a funding option than last year.

The UK-focused fund, which had excess demand before the Brexit vote, includes a GP commitment of 2%.

Despite challenges, the UK will remain a ‘safe haven’ for investment, says global private equity head Mark Redman.

UK private equity firms in fundraising mode should expect investors to quiz them on the potential impact of Brexit on their structure, investment strategy, and returns, and prepare accordingly, lawyers say.