DEMAND for businesses is running high in the Yorkshire deals market, it emerged today.
Figures from business advisory firm Deloitte and Barclays Private Equity showed buy-outs in the £100m-plus range totalled £1bn for the first half of the year against £800m for the same period in 2007.
There were 36 buy-outs and buy-ins during the first six months of the year with three deals worth more than £100m and 33 at less than £25m – including five worth over £10m.
There were no deals completed in the £25m to £100m. By contrast, the mid-market was very strong last year with 10 deals worth more than £435m in that price range.
The first three months were the most busy with transactions totalling £767m.
Nationally, deals in the £100m to£500m range fell to £3bn in the first half of 2008 from £7bn for the same period last year. The total size of the market was £11bn, the lowest six-monthly figure since 2004.