Wed, Nov 26, 2014
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. Investing - George Soros puts $500m of his money on Bill Gross, Soros, Paulson backed Hispania Activos mulls Realia takeover, Ex-Credit Suisse trader’s hedge fund sees yen shorts as crowded, Hedge hunters double default-swaps as views split, Large hedge fund positions come under pressure, Vikram Pandit's fund picks 50% stake in JM Financial's realty lending arm for $87m[more]

    George Soros puts $500m of his money on Bill Gross From WSJ.com: Before Bill Gross was fully settled in at his new firm, Janus Capital Group Inc., he received an unlikely visit from the chief investment officer of famed investor George Soros ’s firm, according to a person familiar with t

  2. Legal - Hedge fund manager fights £8m tax tribunal ruling[more]

    From FT.com: A hedge fund manager who may have to repay £8m in tax is trying to overturn a tribunal ruling that found he had attempted to shelter millions in an avoidance scheme. Patrick Degorce, chief investment officer at Theleme Partners, lost a tax tribunal case last year. HM Revenue & Customs c

  3. Europe - Hedge funds face exit tax as Iceland central bank discusses plan[more]

    From Bloomberg.com: Hedge funds and other creditors with claims against Iceland’s failed banks face an exit tax as the island looks for ways to unwind capital controls without hurting the economy. The government targets having a plan it can present by year-end that would map out how Iceland will sca

  4. Opalesque Exclusive: Risk management emerges as a competitive focus area for hedge funds[more]

    Bailey McCann, Opalesque New York: Risk management has always been a core component of any trading strategy, as well as a critical part of business management. However, as macreconomic weakness persists, and alpha becomes increasingly hard to generate, risk management as emerged as a more promin

  5. Gross: Inflation is required to pay for prior inflation[more]

    Benedicte Gravrand, Opalesque Geneva: As inflation rises, every dollar will buy a smaller percentage of a good. While deflation will mean a decrease in the general price level of goods and services. These two economic conditions are both in the waiting room. The consensus would like the former to