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Benelux punched above its weight in April with two private equity-backed IPOs, following on from other listings in recent weeks.
CVC’s €3bn buy-back of Ista in April caused much excitement for German private equity in 2013, though a deeper look at the figures reveals that the asset class had got off to a bad start this year.
For almost 40 years, Sweden was one of the few countries in the world where private retail of pharmaceuticals was banned.
Italian businesses are struggling. In the first quarter of the year, 4,218 Italian firms went bankrupt according to financial newspaper Il Sole 24 Ore; a 13% increase on the same period in 2012.
“Some key ideas are currently gaining ground,” said Afic chairman Louis Godron at the association’s annual conference in Paris last month, “notably when it comes to the crucial role of competitiveness in the country’s future and the importance...
The UK & Ireland’s first quarter activity levels are at their lowest level for the past five years, according to the latest research from unquote” data.
It’s official: Central and Eastern Europe is unsexy. It is the least desirable geography for family offices to invest in, according to the Investec Family Office Intelligence Survey, an unquote" sister brand, conducted in March.
Exits have dominated the Benelux market in the past month, but the disposals were not all good news for private equity in the region.
The Nordic market is changing. Long dominated by the powerhouse economy of Sweden and seemingly impervious to the crisis gripping Europe, 2012 was a tougher year and saw many new developments.
At a recent industry conference, a handful of international investors described Spain as one of the most attractive markets in Europe at the moment.
The German government’s draft proposals for banking reform, based on the Liikanen Report, are seen by many in the private equity industry as yet another threat from legislators, despite the unclear effect it may have on the asset class.
Hailed as “a budget for people who want to get on” by the government, and criticised by others for doing too little to pull Britain out of its economic quagmire, the statement will be intensely scrutinised for weeks to come.
French private equity practitioners could be forgiven for thinking the odds are desperately stacked against them.
Around 10 years ago, when the first wave of CEE accession into the EU was ready to go, most observers noted that Brussels’ assurances to Istanbul about eventual membership were empty and simply an effort to keep the Muslim country on a short leash.
Portuguese private equity hit an all-time low in 2012. While most investors made a full retreat, those that remained stumbled through the economic turmoil and completed just two transactions.
SVCA head Marie Reinius told unquote” in a recent interview that the most pressing issue for Swedish private equity at the moment is to have clear, long-term guidelines regarding tax regulation that are internationally competitive, for both large and...
Austria’s private equity scene could be on the verge of a mini-boom as January’s deal activity has already out-stripped the whole of last year’s first quarter.
AFIC chairman Louis Godron had already rung the alarm bells in an interview with unquote” last July – now France’s private equity association has produced the numbers to back up its warning.
Banks in the Benelux are undergoing a major reshuffle, as those bailed out during the financial crisis seek to offload surplus assets, resulting in a boom for the secondaries market.
Just a year ago, things were looking very bleak for fund-of-funds manager SVG Capital, but February’s announcement of a new partnership with Aberdeen Asset Management has given the firm new reasons to be optimistic about its future.
Last year, European private equity was abuzz with exits paving the way for fundraisings, and CEE was no exception.
The Dutch venture capital industry has suffered a lot in the past couple of years. While the country’s early-stage sector was growing until 2008, it collapsed entirely in 2009. Since then, dealflow has been slow. According to unquote” data, Dutch...
“The 2006 acquisition of Avio represented what today remains the largest leveraged buyout ever completed by a single private equity house in Italy,” says Roberto Italia, partner at European buyout house Cinven.