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It looks like UK private equity firms have tapped in to their ‘inner Gallic’ sensibilities. Rather than get all hot and flustered at the prospects of Brexit for their European deal making, they appear to have responded with a swift shrug of the shoulders and a perfunctory ‘Meh’. During 2021, UK general partners charged across the channel to do business with their cosy neighbours, completing some 442 deals. One wonders what all the Brexit fuss was about. Like the cigar smoke on a late summer afternoon, it seems to have evaporated like a bad memory. That good old British pragmatism is alive and well!
