Central European private equity confidence high – Deloitte

Sentiment among Central European private equity firms is approaching peak levels, according to a report compiled by Deloitte.

“The continuing rise in sentiment is genuine cause for optimism,” said Garret Byrne, private equity leader for Deloitte Central Europe. “We look forward to working with local GPs to help them continue their strong run of exits and deals as the market recovery gives way to what we hope will become a new era of solid performance. For now at least, CE private equity seems to be hitting  the right notes.”

Central European private equity professionals were surveyed for the annual report, with their answers forming the basis of Deloitte’s Central Europe PE Confidence Index. The index recorded a peak in positive sentiment in 2007, before a sharp fall during the global financial crisis. Confidence has been improving since early 2013, and the index is now approaching its previous peak.

The survey’s respondents are optimistic about the overall economic climate, with 61 percent expecting an improvement. Likewise, 62 percent of respondents expect to see dealflow increase over the next six months, up from 32 percent for the last period, and none expect a decrease in market activity.