Scotland’s mid-market businesses attracted a record amount of private equity during 2022, despite investment dipping across the rest of the UK.
KPMG UK analysis showed that over the course of the year, 51 deals involving Scottish firms were completed, worth £3.5bn, reflecting a year-on-year increase in value of 69%, compared with 2021, when 41 deals worth £2bn took place.
The year began with significant activity in the first quarter, before economic and geopolitical headwinds gathered pace; although not enough to hamper Scotland’s overall performance.
