Thu, Nov 26, 2015
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 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

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. Other Voices: Hedge fund marketing and the selling cycle[more]

    By Bruce Frumerman. How long is the selling cycle now? That’s a question my financial communications and sales marketing consulting firm has been asked on a regular basis by hedge fund firm owners and sales people, ever since we opened the doors to our firm in 1987 pre-crash. Wa

  2. Investing - BlackRock targets ETF investors with flexible currency hedging, Nelson Peltz bets on General Electric Company and Mondelez International, Apple plummets to 4th place among hedge holdings, from No. 1, Top Q3 equity purchases and sales of top 50 hedge funds[more]

    BlackRock targets ETF investors with flexible currency hedging From BlackRock Inc., the world’s largest asset manager, is changing course on exchange-traded funds that protect against currency volatility. After stressing the easy switch between hedged and unhedged ET

  3. BlackRock is shutting down its Global Ascent macro fund[more]

    Komfie Manalo, Opalesque Asia: BlackRock, the world’s largest asset manager, has announced plans to shut down a macro fund, Global Ascent Fund, because of "headwinds facing the industry". The hedge fund, which makes bets on stock, bond and currency markets, will return money to investors. Ac

  4. Opalesque Roundtable: Seeding deal terms can be onerous for hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Executives from fund of funds firms, family offices, a placement agent, a private equity firm, and an accounting firm gathered in Connecticut last month for the

  5. Opalesque Roundtable: Family offices flock to co-investment[more]

    Bailey McCann, Opalesque New York: Co-investments have been a hot topic for pension funds in recent years, as they try to move away from high fees and improve transparency. But now, family offices are more readily getting into the mix and establishing in-house deal teams, according to the delega