With structural tailwinds still in place, private equity continues to see a steady increase in fundraising activity. According to Preqin, $431Bn of new capital was closed in 2013, the highest amount since 2008.
The Liberty Global takeover of Virgin Media was voted M&A deal of the year, while Goldman Sachs took the prize for European financial advisor of the year. The buyout of Douglas Holding AG by Advent International collected the best private equity deal award, and Linklaters secured European legal advisor award.
Two of the transactions on which I worked, the sale of Marken for £975 million and the buyout of CPA for £440 million were part of a group occurring around the turn of the year that gave hope that the market was now reviving, however the M&A market is not out of the woods just yet."