UK recovery also underway
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Deal flow is on the upswing in the UK and Ireland, mirroring similar trends in North America. PitchBook’s UK & Ireland Private Capital Breakdown estimates a dramatic increase in activity in Q1, surging to more than 800 transactions worth a combined £57.9 billion. Those would mark YoY increases of 132% and 70%, respectively, and much stronger recoveries in percentage terms from their Q2 2020 nadir.