Encouragingly, there’s been a fair wind of Private Equity deal making over the last 12 months. The pandemic caused a surge in PE takeovers of UK firms while capital was deployed into great businesses that flourished through hard times – valuations reached their highest level since the 2008 crash. Meanwhile, the market was buoyed by sharp falls in share prices making listed companies attractive prospects for PE houses.

In this latest newsletter, we look to the movers and shakers of the PE world to ask simply: what’s driving this great performance? How do we sustain the tailwind? And how do we stay match fit for a bright new future?