Q2 2009 unquote" Private Equity Barometer

The unquote" Private Equity Barometer, published in association with Candover, shows deal activity (buyout, early stage and growth capital) in the previous quarter by volume and Euro value. Figures are based on preliminary quarterly data compiled by Incisive Media's unquote.

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Highlights:

European Private Equity

• The total number of European private equity backed transactions increased 38% over the second quarter from €3.5bn in Q1 to €4.8bn in Q2. Deal volumes remained similar, with 230 transactions in Q2 compared to 215 in Q1

• Despite the rise in quarterly figures, the value and volume of transactions still remains significantly below comparable periods in 2008. Compared to the first six months of 2008, activity is off by 42% and value by 85%, while both figures also remain significantly down against what was already an extremely challenging Q4 2008, by 15% and 43% respectively

Buyouts

• There were 56 buyouts during the quarter, up from 46, taking the total number of buyouts in the first half to 102. The value of buyouts almost doubled during the quarter to €4bn taking the total for the first half to €6bn

• Despite ending the negative trend, these numbers are still a fraction of the comparable figures in 2008. Compared to the first half of 2008, volumes and values were down 70% and 87%, respectively

• The increase in value during the second quarter is largely down to an increase in the number of deals valued in excess of €100m. There were 11 deals valued in excess of €100m worth an estimated €2.4bn, representing more than two thirds of the overall buyout value total. The largest of these was the secondary buyout of Wood Mackenzie for €637m

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