ICAEW.com works better with JavaScript enabled.

Private equity

Insights into growth capital, buyouts and follow-on mergers and acquisitions (M&A).


On this topic

The big infra challenge

The sheer scale of energy transition projects means there will be no lack of demand for private capital to be deployed in infrastructure. In the UK, however, rising costs are creating a deliverability issue. Andy Thomson reports.

Trendwatch: dealmaking in the travel industry

The travel industry has rallied strongly after COVID-19 lockdowns and, despite concerns over cost-of-living pressures, the sector is firmly on the private equity deal radar.

Insider dealing: ECI investment in Commify

In a fast-moving tech world, business messaging expert Commify has adapted to stay the distance. New investment from ECI will help take it to the next level.

Comment: Will Southgate on investing in a challenging market

The climate has changed for the private equity investor. M&A is down, valuation multiples are being recalculated and debt markets are tightening. With all this as a backdrop, Rutland Partners’ Will Southgate explains how the special situations firm is investing in the current market.

Closing the gender gap: work in progress

Female-founded businesses are beginning to see an increase in investment, but when it comes to scaling and achieving exit, there is much more to be done.

London’s IPO market

As a leading centre for investment capital, London needs a healthy IPO market. David Prosser looks at the challenges it faces in an increasingly competitive market for capital and businesses considering a listing.

Buy-outs: the 10 most successful firms

While times continue to be tough, there is interest in inventive mid-market deals. Jason Sinclair looks at the figures and profiles the 10 most successful firms.

Comment: Zoe Clarke on interest rates

Interest rates are rising, but what’s on the horizon? EY’s Zoe Clarke looks at what the forecasts mean for both private and public mid-market M&A.

In-depth profiles

Building a deal in the construction business

In January, Connection Capital made a healthy return selling Carter Accommodation, a construction industry business, to the French Modulaire Group in a deal done during COVID-19 restrictions. Jason Sinclair looks at how the company and its private equity overcame some big challenges.

Westbridge Capital Profile

WestBridge Capital partner Guy Davies speaks to Marc Mullen about the challenges that face small-cap private equity in the UK, as well as detailing the achievements of WestBridge so far.

High tech acquisitions

Six acquisitions in three years proved part of a successful growth strategy for LDC-backed communications provider Babble. In November 2020, a controlling stake was sold to Graphite Capital, valuing the communications business at £90m. Alice Murray finds out about a deal during lockdown, and where the high-tech company is going next.

Bloomsbury Accounting and Tax Service

Eligible firms have free access to Bloomsbury Professional's comprehensive online library, comprising more than 60 titles from some of the country's leading tax and accounting subject matter experts. Find out who is eligible and how you can access the Accounting and Tax Service.


A chapter on buyouts in this step-by-step guide to the sale and purchase process, focusing on key commercial, tax and legal issues.

Terms of use: You are permitted to access, download, copy, or print out content from eBooks for your own research or study only, subject to the Acceptable usage terms.

Private Equity Demystified

Private Equity Demystified

Exclusive to Faculty members, access the definitive book on private equity's role in global business investment and growth.