The latest edition of UK Private Company Director, the newsletter for directors of owner-managed and private equity backed businesses, reports:

• While private company deal activity appears to have dipped in the first quarter, partly because of Brexit concerns, private equity investors still have plenty of funds to deploy on businesses with compelling stories to tell.
• The 2016 Budget introduced several new tax measures of importance to owners and managers of privately held companies, some of which will be welcome, others less so.
• The current uncertainty over the Brexit referendum is leading to considerable volatility in financial markets but this may present some interesting opportunities for investors with a long time horizon.