{"id":140,"date":"2003-05-27T00:00:00","date_gmt":"2003-05-27T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"upturn-nigh-for-venture-capitalists","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2003\/upturn-nigh-for-venture-capitalists.html","title":{"rendered":"Upturn nigh for venture capitalists"},"content":{"rendered":"<p>VENTURE capitalists in the UK are confident the worst of the downturn is over, and this should drive deal activity in the coming months, according to a new survey published today.<\/p>\n<p>  A quarter of the venture capitalists surveyed by accounting firm Deloitte &amp; Touche expect the economic climate to improve in the next six months, with just 13 per cent anticipating conditions  will deteriorate further.<\/p>\n<p>  This is the first upturn in venture capital sentiment to be recorded for a year. Greater confidence about the economy is expected to boost activity, and 66 per cent of respondents expect deal  volumes to increase in the next six months.<\/p>\n<p>  Ian Steele, head of corporate finance in Scotland for Deloitte &amp; Touche, said: &#8220;Vendor and purchaser price expectations are finally converging, with sellers accepting that prices have fallen.&#8221;<\/p>\n<p>  Companies selling off subsidiaries are expected to provide the most significant source of transactions, according to 47 per cent of those surveyed.<\/p>\n<p>  Mr Steele said: &#8220;Divestments are partly being driven by banks seeking to reduce their exposure to corporates and partly by institutional shareholders demanding a clearer focus on the core business.<\/p>\n<p>  &#8220;However, vendor management themselves are realising the benefits of a quick cash deal.&#8221;<\/p>\n<p>  But the survey found venture capitalists less optimistic about opportunities from family firms. Only 12 per cent of respondents expect these businesses to be a significant deal source, compared  with 20 per cent when last surveyed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>VENTURE capitalists in the UK are confident the worst of the downturn is over, and this should drive deal activity in the coming months, according to a new survey published today. A quarter of the venture capitalists surveyed by accounting [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-140","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/140","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=140"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/140\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=140"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}