That’s the view of Oli Henderson, an Associate Partner in EY’s Financial Services Strategy and Transactions practice, who says his area of the business is as busy – if not busier – as it has ever been.
“The market is very hot,” he says. “It’s busy across the full spectrum of growth capital. There is a lot of private equity interest specifically in financial services businesses with a technology offering.
“The economic impact of Covid-19 created an initial slowdown in deal activity, but what we see now is significant investment capital across the private equity and VC players – referred to as ‘drypowder’ – predominantly for business growth investment.