Maybe it’s finally time to start seeing the light at the end of the tunnel. In fact, more than half of private equity leaders surveyed recently by Celerant Consulting felt that an economic recovery is no more than 18 months away.
In a survey of more than 220 senior executives across Europe and the United States, carried out by the Economist Intelligence Unit, 53% of private equity leaders said the market should return to its pre-credit crunch levels within 18 months. U.S executives were more optimistic than their European counterparts, while UK and German respondents felt a full recovery would take a bit longer.
Despite that seemingly rosy outlook, more than three quarters of all respondents still felt the market has further to fall. And that the volume and value of private equity deals will shrink over the next year. Many are sitting on the sidelines, waiting for more attractive deals to show up sometime in late 2009 or early 2010.
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