Research

Italy is different

Source: Southern Europe unquote | 06 Dec 2012
Maurizio Delfino of Studio Legale Delfino e Associati Willkie Farr and Gallagher

While the doom and gloom settles in the rest of Europe, Italian private equity professionals advertise a cautious optimism despite decreasing activity in the country.

The first 10 months of 2012 have revealed an abysmal drop-off in terms of private equity deal values, which plummeted more than 70% to €1.7bn, according to unquote" data. Mercifully, the number of deals remained fairly static, suggesting it is a lack of mega-deals – lumpy in nature – which has driven the fall, and that deals are still getting done further down the value spectrum.

While the figures only tell half the story (the negative half), responses from the Studio Legale Delfino e Associati Willkie Farr & Gallagher survey, powered by unquote", demonstrate the positive attitude displayed by local professionals. Investors are paying close attention to their portfolio companies' performance and while they are rightfully concerned about LPs, an impressive 96% of the professionals surveyed are hoping to raise another fund in the near future.

The launch of various government-backed initiatives might well be a new competitor for most Italian private equity firms, but it also reflects the willingness of the Italian government to develop the private equity industry over the coming years and, perhaps more important, it is evidence of both a change of attitude towards the private equity industry and an appreciation for the positive effect that private equity may play in the development of Italian business. An attitude that may well buttress the country's optimism.

Download the latest unquote" Italy Survey HERE.

Maurizio Delfino is partner at Studio Legale Delfino e Associati Willkie Farr & Gallagher LLP.

Visitor Comments

 

Add your comment

We won't publish your address
By submitting a comment you agree to abide by our Terms & Conditions

Your comment will be moderated before publication.

search unquote.com

Industry news

Ratos appoints new head of corporate communications

Ljung joins as head of comms from Ratos portfolio company Bisnode

Nordic unquote

| 16 Sep 2014 | secure

Sigma Gestion regains independence following ACG stake sale

ACG has sold its stake in French GP back to management

France unquote

| 16 Sep 2014 | secure

Ratos confirms September IPO for Inwido

GP expects 3.3x exit multiple and 15% IRR

Nordic unquote

| 15 Sep 2014 | secure

BC-backed Phones4U enters administration

Phone retailer's move follows decisions by Vodafone and EE to end partnership

UK unquote

| 15 Sep 2014 | secure

Regions

Event

event

unquote British Private Equity Awards

Date: 02 Oct 2014

Location: London, UK

event

unquote" DACH Private Equity Forum

Date: 07 Oct 2014

Location: Munich, Germany

event

unquote" Italia Private Equity Forum

Date: 12 Nov 2014

Location: Milan, Italy

event

Forum unquote” Italia sul Private Equity

Date: 12 Nov 2014

Location: Milan, Italy

Updating your subscription status Loading

People

Simon Hemley of LDC

Simon Hemley, LDC

LDC bolstering numbers after departure of CEO and head of London office

More people news

John Flynn of ACT Venture Capital

John Flynn, IVCA

Flynn has 25 years' experience in software and technology venture investment

More people news

Karl-Heinz Goetze of Gamma

Karl-Heinz Götze, Gamma Capital Partners

Götze took over management of Gamma portfolio company in March

More people news

Tim Ashlin of Synova

Tim Ashlin, Synova Capital

More people news

Victoria Robson of BGF

Victoria Robson, BGF

Victoria Robson, Business Growth fund

More people news

Events

event

unquote British Private Equity Awards

Date: 02 Oct 2014
Location: London, UK
event

unquote" DACH Private Equity Forum

Date: 07 Oct 2014
Location: Munich, Germany
event

unquote" Italia Private Equity Forum

Date: 12 Nov 2014
Location: Milan, Italy
event

Forum unquote” Italia sul Private Equity

Date: 12 Nov 2014
Location: Milan, Italy

Email Alerts