Private Equity Survey Q3 2009 – the calm after the storm?
In the wake of the economic downturn, 2008 saw the collapse of a number of international acquisitions, both strategic and financial. This was not good news for private equity (PE) and there was significant destruction of value by public fund managers as share prices declined.
“The credit crisis has reshaped the corporate landscape and the PE industry with investors being cautious before committing funds,” says Sean McPhee, Leader of the Private Equity Group.
According to the seventh forward-looking Deloitte Private Equity Confidence Survey (PECS) conducted in collaboration with the Southern African Venture Capital and Private Equity Association (SAVCA), among investment professionals in the PE industry, there is a feeling of optimism among PE practitioners on the outlook for the global economy. This is a more optimistic view since the previous survey in the first quarter of 2009.