Private equity deals are laid low

Private equity-backed deal volume in the third quarter was down nearly 30 per cent to $53.1bn (£34.5bn) from the same period of last year, according to Thomson Reuters data for the three months to 22 September. The figure is also 22 per cent lower compared to the previous quarter. So far in 2011, however, such deals are still up about 14 per cent from a year ago to $175.2bn, the data shows.