London's role as a private equity hub is under threat, fundraising total down by half twitpic.com/cow2ba&mda
— Michael Bow (@SignorBow) May 7, 2013
Our private equity reporter Michael Bow:
Despite a booming deal environment in the US and Asia, figures show the amount of money spent by private equity executives on British companies since the start of this year has plunged to £3.23bn, down from £7.57bn for the same period a year earlier.
The value of British companies being sold has also fallen by 52 per cent, according to the figures from Mergermarket.
The figures come alongside an annual list showing UK private equity firms are losing market share to US and Asian houses.