Growth Capital Update – a review of Q2 2020
According to our research into UK private companies raising between £1 million and £20 million of growth equity capital each, 161 British businesses raised £779 million of growth capital in the second quarter of 2020: an average deal size of £4.84 million.
The Q2 figures illustrate a clear decline in the number of deals completing and the amount of growth capital being raised since Q2. We are not at all surprised, given that the UK was in lockdown because of Coronavirus for most of this period. What is surprising is that the decline quarter on quarter is only between 10% and 15%.
Download our 2020 Q2 report or contact Moore Kingston Smith for more information.