Twice as many private equity deals this year

PRIVATE?equity deals doubled in number in the first three months of 2011, research from consultants KPMG revealed yesterday.

In the first quarter of 2011, 38 larger UK management buyout deals were recorded by the group, with total funding of more than £10m.

However, the average size of deals has dropped sharply from £268m in the last three months of 2010, to £119m at the start of this year. Rising inflation, tax and unemployment is making buyers nervous, KPMG said.