Private equity reports rise in overall activity and market confidence

Private equity reports rise in overall activity and market confidence

New Zealand's private equity market is emerging from the recession in a positive frame, according to a new report released today by Ernst & Young and the NZVCA.

Results of the report - the seventh full-year New Zealand Private Equity and Venture Capital Monitor 2009 - show significant increase in activity compared with 2008, both in terms of the number and value of deals.

The rise in overall activity saw $645.1 million of activity in 2009 compared to $224.6 million in 2008. Medium-sized private equity deals were resilient, and angel investor-led venture capital activity increased significantly.

Read the full report.