
Q4 Barometer: dealflow bounces back

Following a weak Q3, the final months of 2013 marked the strongest quarter of the year, according to the latest unquote” Private Equity Barometer, published in association with SL Capital Partners.
Deal volumes bounced back in Q4 with 326 transactions recorded, representing the highest total since the final quarter of 2012. Total value was also strong, with the aggregated total coming in at €23.6bn, up an impressive 40% on the €16.9bn transacted in the previous quarter.
The buyout space led much of the quarter's value uplift, accounting for €21.1bn of the overall total, a 37% increase when compared with Q3's €15.4bn. Within buyouts, the mid-market (deals ranging from €100m-1bn) was back on track and rose by 60% in volume and 11% in value. There were 48 deals recorded in this segment, totalling €13.3bn, marking the best numbers since Q2 2011.
Growth capital deals saw an increase of 15% for deal volume, however the 158 deals recorded for the quarter is still lower than all but two of the preceding 10 quarters. That said, this segment saw much stronger values, enjoying a 66% uptick on the €1.3bn invested in the third quarter, up to a healthy €2.2bn.
Overall totals for 2013 were less encouraging and are still down for the second consecutive year. There were a total of 1,272 deals in 2013 worth €78.1bn, marking the lowest figures since the post-crisis nadir in 2009.
All data is sourced from unquote" data, the unquote" proprietary database. To conduct your own searches on pan-European private equity trends, visit unquotedata.com
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