General retailers and software & computer services lead the exit rankings for 2012.
Divestments of general retailers have generated the most exit value for private equity so far this year, while software & computer services leads the table by volume.
With 42 divestments in the first 11 months of 2012, exit activity in the software & computer services sector was more than double that of the general retail sector, which comes fourth in the exits league table by volume. Most software exits occured in the first half of the year.
Value-wise, however, the trend reverses: general retail takes top spot, while software & computer services ranks fourth. June is the month that saw most activity in terms of value – this is however exclusively down to the partial sale of AXA Private Equity and KKR's Alliance Boots to US firm Walgreens for £4.3bn.
The high valuation of retail assets is certainly skewed by the Boots sale, an established brand in the UK. Yet, retailers selling non-discretionary goods are seeing increased interest from investors due to economic circumstances and low consumer confidence, which adversely affect overall spending.
Support services and healthcare equipment & services rank second and third respectively in terms of both value and volume of exits.
Your comment will be moderated before publication.
More from unquote
Updating your subscription status
Sovereign has appointed Trevor Stokes as investment manager and Oliver Hedley-Whyte as investment executive
Marshall will focus on sourcing deals in Yorkshire and the North East
Will Clark and Doug Stellman will jointly head up the North West Fund for Venture Capital
Wibke Pendse returns to Europe after 10 years in Silicon Valley
Connolly served three terms as UK CEO of Deloitte