2005 a ‘big deal’ for Entrepreneurs in Utah. Big venture capital, big mergers, big acquisitions, and big offerings boosted transaction figures
Big mergers, big venture capital deals and big public offerings meant 2005 was a big year for Utah entrepreneurs.
The MountainWest Capital Network will report during a Thursday event that overall Utah financial transactions in 2005 reached $9.2 billion, up from $3.9 billion in 2004. The deals included mergers and acquisitions, public offerings, venture capital deals and other fundings.
According to the Utah Deal Flow report, venture capital and private equity fundings in 2005 made up 84 deals valued at $417.3 million. The 2005 report included deals not historically categorized as venture capital, such as angel investments, so a comparison to last year’s 85 venture deals valued at $399.4 million may not be valid.
Even so, Brad Bertoch, co-chairman of the Deal Flow committee, said that while the number of venture deals remained nearly the same between 2004 and 2005, transaction values were up.
By Dave Anderton
Deseret Morning News
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