Wed, Oct 18, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

European private equity gaining momentum again – deal values of €25.2bn for H1 2010 more than double last year’s values

Tuesday, July 27, 2010
Opalesque Industry Update - Preliminary figures released today in the Q2 2010 unquote” Private Equity Barometer* (published by unquote” and sponsored by Candover**, a European private equity house)

European Private Equity
􀂾 The total number of European private equity-backed transactions in the first half of 2010 has achieved a striking rise of 211% in value terms to €25.2bn from €8.1bn in H1 2009. The period has also seen a boost of 23% in volume terms, with 555 deals completed, compared with 451 in 2009.
􀂾 More than 300 deals have been completed in Q2 2010, up 18% from 254 deals in Q1 2010. Deal value figures reinforced this positive momentum, with transactions for the quarter totalling €13.9bn from €11.4bn in Q1 2010, an increase of close to 22% quarter-on-quarter.

Buyouts
􀂾 Buyouts drove the momentum in the market, with activity levels rising 56%, with 167 deals in H1 2010, compared to 107 in H1 2009. 􀂾 In value terms, buyouts quadrupled to €20.7bn in H1 2010, from €5.3bn in H1 2009.
􀂾 Volumes in Q2 2010 rose from 95 to 72, with value totalling €11.2bn, up from €9.5bn in Q1.
􀂾 The increase in buyouts has been driven by the €100m-1bn mid-market segment, which recorded 32 deals in Q2 2010, up 68% from Q1. However, deals valued at more than €1bn remained scarce, with just one transaction in Q2 2010: the €1.1bn buyout of Irish aircraft leasing company Avolon by Cinven, CVC Capital Partners and Oak Hill Capital Partners.
􀂾 Whilst the UK remained the most active market in Europe, other established markets such as Germany and the Nordic region recorded impressive gains.

Commenting on the latest figures, John Arney, Managing Partner of Candover, said:

“The first half of the year has shown a marked increase both in value and volume of deals, particularly in the mid-market. While the focus for a number of buyout houses over the last year has been on managing their existing portfolios, it is good to see the markets opening up and providing a competitive environment for new deals. This will have a knock-on effect on exit opportunities, which will further unlock the market as a whole”. Source
KM

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Regulatory - David Stockman: Trump tax reform overhaul is a pipe dream, stocks are heading for 40-70% plunge, Carried interest tax: How much does it matter?, Odey sees 'terrifying' mix in MiFID, tapering, asset values, Hedge funds come together to share cost of MiFID and research, SEC turns up the heat on U.S. investment advisers, India's Sebi asks hedge funds to report investments in commodity derivatives[more]

    David Stockman: Trump tax reform overhaul is a pipe dream, stocks are heading for 40-70% plunge From CNBC.com: David Stockman is warning about the Trump administration's tax overhaul plan, Federal Reserve policy, saying they could play into a severe stock market sell-off. Stockman, the R

  2. North America - Puerto Rico rejects loan offers, accusing hedge funds of trying to profit off hurricanes[more]

    From TheIintercept.com: Puerto Rico has rejected a bondholder group's offer to issue the territory additional debt as a response to the devastation of Hurricane Maria. Officials with Puerto Rico's Fiscal Agency and Financial Advisory Authority said the offer was "not viable" and would harm the islan

  3. Investing - WPP targeted by short-selling American hedge fund, Sun co-founder sells secretive hedge fund on big chip trade[more]

    WPP targeted by short-selling American hedge fund From Cityam.com: An American hedge fund has mounted a bet against WPP, the world's largest advertising group, with a trade worth almost £90m. Lone Pine Capital has built a short position worth 0.51 per cent of the FTSE 100 company,

  4. Hedge funds up as industry adjusts to rising rates[more]

    Komfie Manalo, Opalesque Asia: Hedge funds have reshuffled their portfolio after nearly four weeks of rising rates as the Lyxor Hedge Fund Index was up +0.2% from 19 September to 26 (+1.1% YTD), fuelled by strong results of global macro funds, Lyxor Ass

  5. Manager Profile - How the world's hedge fund king used 'idea meritocracy' to become a billionaire[more]

    From Forbes.com: In 1982, Ray Dalio made what he calls the biggest mistake of his life. He made a bet that there would be an economic collapse stemming from a debt crisis. And he was wrong. He lost money. He lost his client's money. He had to let people go from his firm and borrow money from his dad