As many as 11 private capital firms state businesses in their portfolios could make an initial public offering (IPO) in the UK over the next 12 months, indicating that the industry expects an uptick in dealmaking activity in the coming months. The findings are part of a survey of 85 senior decision makers at leading private equity and venture capital firms carried out by the British Private Equity and Venture Capital Association (BVCA), ahead of its annual Summit.