PE-backed firms remain upbeat

Despite continued economic uncertainty and difficult debt markets, private equity (PE) backed companies remain focused on growth and expect to increase both turnover and profitability in 2012. Eight out of ten expect to grow turnover and almost three quarters anticipate EBITDA growth, says PwC in a new report. To reach their growth targets, 60 per cent of the 77 portfolio companies expect to increase permanent headcount in the next year and expect capital injections.