OK, we've struggled through the downtime in April, the heatwave in May, and the lack of any real growth impetus in the economy.  But there are still deals to be done.

Larger acquirers seem to have sufficient reserves to put cash on the table, and some sellers who have survived the recession so far are prepared to cash in some of their chips before they go for more growth in their businesses, whilst others have had enough and are happy to get out at any reasonable price.  The "wall of money" sitting in private equity funds seems to be much more available, although some of the banks are still looking for the perfect deal before committing.

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