Full speed ahead for recovery
After reaching an all-time low at the end of 2008, Deloitte’s Central European Private Equity Confidence Index has rebounded, with data indicating that professionals are optimistic about private equity coming back on track.
Within the 14th edition (October 2009), confidence is shown as returning to almost pre-crisis levels and findings highlight that only a small minority of PE practitioners now expect the economic environment to deteriorate further.
The decline in the CE PE Confidence index during the financial crisis was sharp and deep, decreasing by 70 points from 118 in October 2007 to 48 by October 2008. The recovery in confi¬dence, however, has also rebounded equally as sharply, recovering 69 to 117 by October 2009.
“Optimism is growing amongst the private equity community in Central Europe. The results of our latest Private Equity Confidence Survey show that just as the decrease in confidence was dramatic, the return of a more optimistic outlook has been equally as swift”, said Garret Byrne, M&A Transactions Services leader for Deloitte in Central Europe
Within the 14th edition (October 2009), confidence is shown as returning to almost pre-crisis levels and findings highlight that only a small minority of PE practitioners now expect the economic environment to deteriorate further.
The decline in the CE PE Confidence index during the financial crisis was sharp and deep, decreasing by 70 points from 118 in October 2007 to 48 by October 2008. The recovery in confi¬dence, however, has also rebounded equally as sharply, recovering 69 to 117 by October 2009.
“Optimism is growing amongst the private equity community in Central Europe. The results of our latest Private Equity Confidence Survey show that just as the decrease in confidence was dramatic, the return of a more optimistic outlook has been equally as swift”, said Garret Byrne, M&A Transactions Services leader for Deloitte in Central Europe