Yorkshire leads the North with £1.6bn buyout value

The Yorkshire private equity market was the strongest performing region by deal value outside of London after completing £1.6bn worth of deals in 2015, according to figures from the Centre for Management Buyout Research.

The research, which is sponsored by Equistone Partners Europe, showed that out of 19 deals in the region, two of these deals were some of the largest nationally.

The region’s largest deal was the acquisition of Sky Betting and Gaming by CVC Capital Partners in Q1 of 2015, with a value of £720m.

Other deals included the £150m buyout of Poundworld Retail by TPG in Q2.

On the exits front, Yorkshire has seen 14 deals over the last 12 months mounting to a total of £1.3bn. One of the largest exits was the IPO of consumer chain DFS worth £543m.

Steve O’Hare, partner at Equistone Partners Europe in the North of England, said: “2015 has been a strong year for the private equity market in Yorkshire in terms of new buyouts and exits. The acquisition of Sky Betting and Gaming demonstrated the potential of big ticket deals in the region and provided a boost to the overall buyout value.

“It is impressive that Yorkshire is seeing the highest value deals outside of London, which continues to underline the quality of locally based businesses, and more importantly the management teams in the region.

“With strong debt markets and lots of funds raised in the private equity space we expect similar high levels of activity in 2016.”

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