Capital Performance

While the pandemic may have replaced Brexit in the headlines, it is the combined impact of both that has been responsible for resurgent public market activity and the IPOs that have happened. In this report, Criticaleye Partner, finnCap provides a lockdown review of the growth capital markets.

Key takeaways include:

Since lockdown, there have been 802 secondary fundraisings for companies with a market capitalisation below £500m, raising a total of £5.8bn.
There were only 44 completed public takeovers from March 2020 to 2021, opposed to typically 50 per year.
In M&A, the average EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortisation) multiple for UK deals hit an all-time high of 11.7x.
Since October 2020, 12 new listed funds were launched, raising more than £2bn. Secondary issuance has also been strong, with over 60 capital raise events for existing funds, raising over £7bn overall.

DOWNLOAD INSIGHT

Related Insights

Read, watch & listen to some of the latest thought leadership from our Community.

The Inspiring Leaders Podcast...

Focused on what leaders should be prioritising over the next twelve months, advice for first-time CEOs and how Chairs in high-growth businesses can better support their CEOs. Key discussion points include: Pr...

Cultural Integration in M&A

Most economists are predicting higher volumes for M&A over the next 12 months, albeit coming off a low base. In this article, Criticaleye’s Jacob Ambrose Willson hears from Matthew Parker, CEO of the highly ac...

Chief People Officer Pathways...

The importance of human capital and effective human capital practice can not be understated, against an ever-changing business landscape, according to Eton Bridge Partners. In its latest CPO Pathways Report, Eto...