Hello Rainmakers
Our Secret Investor has been working hard on getting a few deals out of the way. Here he explains the barriers in the way of ‘getting deals over the line’.
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Well here we go again… First things first, as this is a deal column, I’ll steer clear of the widely discussed political minefield out there at the moment… your very own Michael Taylor is best placed to give you the lowdown here.
I wouldn’t say the deals market has really caught fire this year just yet. It can often feel like investors and acquirers are waiting for a clear run, with no macro bombshells or political uncertainty. Unfortunately that landscape has felt like a thing of the past recently.
I also commented recently that it has felt that the investment and corporate finance communities go into periods of full seasonal shutdown these days – Christmas, Easter and August are increasingly tricky to get any deals work done. An increasing number of deal doers are taking the view that deals are hard enough to get done at the best of times, so why bother trying when half the market is out of the country.
Having said that, I have been very busy myself having been involved in one successful early stage fundraise, two small buyouts and a turnaround deal in recent months. This column is actually probably a few weeks later than planned for that exact reason.