Tue, May 26, 2015
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. Comment - Top hedge fund managers talk about how easy their jobs have gotten, BlackRock to Schroders warn of Argentina’s $20bn bond glut, The 35-year “investment supercycle” is drawing to a close, says Bill Gross, Gundlach: When the Fed starts hiking rates, 'GET OUT' of this asset class[more]

    Top hedge fund managers talk about how easy their jobs have gotten From Businessinsider.com.au: Time was, before the financial crisis hit, corporate boards treated multi-billion dollar hedge fund managers like Jehovah’s Witnesses pounding on their doors and flashing bibles. But no more.

  2. T Rowe's challenge to Dell deal may fuel critics of 'appraisal'[more]

    From Reuters.com: An increasingly popular tactic used by hedge funds and others to extract more money from buyouts could soon face a major courtroom test when a big investor in Dell Inc may argue that it should be paid a higher price for the 2013 acquisition of the PC maker. The strategy, known as "

  3. News Briefs - Ergen says LightSquared plan unfairly favors hedge funds, Why hedge fund managers make good advisory clients, I learned a lot about dad-bros after spending 4 days in Vegas with 2,000 hedge funders[more]

    Ergen says LightSquared plan unfairly favors hedge funds LightSquared Inc.’s bankruptcy plan gives hedge funds that invested in the broadband company a leg up while blocking telecommunications firms from competing with it, a fund owned by Dish Network Corp. Chairman Charles Ergen said in

  4. Opalesque Exclusive: SEC approves proposed changes to Form ADV, '40 Act - comment period to follow[more]

    Bailey McCann, Opalesque New York: Hedge funds and providers of liquid alternatives will want to pay close attention to proposed reforms approved by the SEC yesterday. The changes will require more frequent reporting, as well as a closer look into social media, liquid alternative strategies, and

  5. Opalesque Exclusive: Ovation Partners targets opportunities where few "natural lenders" participate[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Changes in financial regulations post-2008 (Dodd-Frank and Basel III) are forcing banks to significantly alter their core lending businesses. And as mid-sized

 

banner