Second quarter deal activity by alternative lenders has increased by 31 percent, according to figures from Deloitte’s Alternative Lender Deal Tracker.
The survey of deal activity by alternative lenders in Europe found a total of 102 deals were completed in Q2 2018, largely driven by a renewed surge in UK lending.
As the chart shows, UK lending activity continues to dominate in Europe, accounting for 41 percent of all deals in the quarter.
On a twelve-monthly basis, deal activity increased by 34 percent from 301 deals in the twelve months to end of June 2017 to 404 this year. The UK accounted for 37 percent of all deals in the past year.