Yorkshire and Humber outperformed the North East in mid-market private equity deals, new analysis suggests.
A study by accountancy firm KPMG found that while the North East saw the number and value of deals in 2022 fall on the previous year, its regional neighbour increased values and market share. Last year Yorkshire and Humber increased its market share of transactions to 8.4%, up from 7.7%, in contrast to the North East which saw its share fall to 2.4%, down from 2.6%.
The value of deals in Yorkshire and Humber topped £3.7bn - ahead of pre-pandemic levels - despite a reduction in the overall number of transactions from 65 to 57. Meanwhile in the North East the combined value of 16 deals identified totalled £800m, down from £1.1bn in 2021. The region's level of activity - both in terms of deal volumes and values - was down on pre-pandemic levels.
