Research

Software and retail lead 2012 exit league

Source: unquote | 03 Dec 2012
European exits by sector 2012 year to date

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.

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

Gimv hires Germany head, makes exec committee changes

Oleownik to be based in Munich

Benelux unquote

| 20 Nov 2014 | secure

Isis Equity Partners becomes Living Bridge

Firm has sought to distance itself from any association with terrorism

UK unquote

| 20 Nov 2014 | secure

P101 appoints Donvito as partner

New hire will help manage the firm's maiden vehicle

Southern Europe unquote

| 19 Nov 2014 | secure

CVC appoints 3i's former Nordic region MD

Ekman left 3i in July last year

Nordic unquote

| 18 Nov 2014 | secure

Updating your subscription status Loading

People

Miranda Zhao of Lloyds Bank

Miranda Zhao, Lloyds Bank

Zhao previously worked at Erste, Citigroup, Deutsche Bank and Deloitte

More people news

Alejo Vidal-Quadras of 3i

Alejo Vidal-Quadras, KKR

Former country head joins KKR from 3i, which will not replace him

More people news

Philip Grindley of Grant Thornton

Philip Grindley, Grant Thornton

Grindley joins from PwC Germany

More people news

Jonathan Lye of JC Rathbone Associates

Jonathan Lye, JC Rathbone Associates

Lye joins from Chatham Financial

More people news

Andy Low of SEP

Andy Low, SEP

Low leaves position as partner at Melville Financial Partners

More people news

Events

Information currently unavailable.

Email Alerts