More than half (55%) of technology, media and telecom investors plan to invest the same resources - or more - in 2009 as they did last year, according to a survey by corporate finance specialist Cobalt. However, Cobalt reveals the vast majority of investors (83%) expect their average investment size to be smaller or similar to the deals cut in 2008 and nearly a quarter (23.2%) expect their operations to shrink in 2009.
Despite the uncertainty, most investors expect to stick with their investments in the sector. More than two-thirds (74.1%) of respondents expect their number of investment exits to be lower in 2009 than in 2008.
The biggest threat to investment activity in 2009, say respondents, is, unsurprisingly, the availability of debt (69%). The next biggest perceived threat was a lack of investment demand (57%).
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