Growing confidence in mid-market transactions

M&A transactions in the mid-market look set to grow by volume and value over the next twelve months, according to a survey of venture capitalists (VCs) and brokers by Grant Thornton?s quarterly mid-market barometer. More than two-thirds of respondents predict increased volume for mid-market transactions while a further 43% foresee a rise in valuations ? just 6% of VCs and brokers forecast a fall in either volume or valuation. Three main sectors, suggests the research, will see the benefits of improved confidence: business services, healthcare and financial services. Retail, media and telecoms, however, are not considered bright prospects.