Download the Q3 2009 unquote" Private Equity Barometer

Highlights

European Private Equity

• The total number of European private equity backed transactions increased to 257 deals in Q3 from 232 in Q2. This represents a rise of 11% and the first time deal numbers have increased in successive quarters since the second half of 2007. Deal value more than doubled to €9.6bn, compared to €4.6bn in Q2.

• Despite this rebound, the market still remains significantly below last year's level, with volume and value down 39% and 78% respectively compared to the first nine months of 2008.

Buyouts

• The total value of buyouts in Q3 2009 was up for the second quarter in succession, with an increase of 135% producing a total close to €8bn.

• This was largely driven by the mid-market, with activity levels for deals worth between €100m and €1bn seeing the largest increase. Compared to Q2, volume doubled from 10 deals to 21, whilst values rose 125% from €2.1bn to more than €4.8bn.

• Year to date comparisons, however, show the buyout market is 65% and 80% down in terms of volume and value respectively on 2008.

• The €1.7bn merger of boiler manufacturer Baxi with sector rival De Dietrich Remeha Group represented the largest transaction of the quarter and the first one this year worth in excess of €1bn.

• The UK maintained its pole position in terms of both volume and value, recording 22 buyouts worth collectively €2.7bn, representing rises of 29% and 109% respectively over the second quarter.

Download the Q3 2009 unquote" Private Equity Barometer

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