August, 2021

Chris Sahota, Ciesco CEO, guest column in What's New in Publishing

As we fully unlock from Covid-19 restrictions there are clear indications that market confidence is returning to its former health. At Ciesco we recorded 832 M&A transactions in the first six months of this year, a surge of 46 percent year-on-year. The global economy has already surpassed its pre-pandemic peak, a survey by IHS Markit shows, and it is expected to register nearly 6 percent growth this year, its biggest expansion in nearly 80 years.

Private Equity (PE) appears to be leading the way thanks to the good availability of investment capital. Nearly half (44 percent) of all transactions in the first half of 2021 involved a PE buyer, with activity split between the acquisition of new platform companies and bolt-on acquisitions to existing portfolio businesses. Deal volume among PE firms rose 81 percent (372 deals were struck) and deal value rose 14.2 percent to $19.2 billion.