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REGENT’s view of the month - August 2010

We had the usual seasonal decline in deal flow in August – both in terms of number of deals and the combined value of transactions. This followed a bumper July with current data suggesting a good September. Despite the low deal flow in August, valuation levels have held up well with median P/E (price to after-tax earnings) ratios holding firm at 16 – exactly the same as those for companies on the TechMARK index.

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