Importantly, private equity deals are now very much back on the scene again with 40 per cent of deals in the quarter being private equity backed. This is likely to include processes that perhaps stalled during the pandemic now completing successfully having demonstrated resilience and growth, as well as new processes in attractive sectors such as life sciences experiencing rapid growth. Notable deals include Eton Bridge Partners to Elysian Capital, Meet Recruitment to North Edge (both of which were supported by RSM vendor due diligence) and Marlin Green to Inflexion.
The wider M&A market is experiencing unprecedented levels of activity and this is being reflected in the competitiveness of processes for high quality assets. We certainly expect this trend to continue into quarter four and into the New Year as strategic acquirers and private equity investors continue to implement their acquisition strategies. In addition, the skills shortages continue to drive demand and the economic and political skies appear clearer than they have been for some time.