Performance
Leverage not a conclusive factor to explain insolvencies, academics say
Debt is not a conclusive factor in explaining insolvencies for portfolio companies, and PE-backed businesses do not carry more insolvency risk than other companies, according to new research by Imperial College London and Leeds University.
Electra Private Equity reduces discount to NAV
Electra Private Equity improved its discount to NAV ratio and recorded higher exit and investment activity in the past year.
Better Capital still trades above NAV
Listed PE firm Better Capital has continued to trade above its NAV per share in the six-month period ending on 30 September 2012.
French deal volume at 14-year low
French investment volumes in 2012 are set to be the lowest seen in the country for over a decade, according to the latest figures from unquote” data.
SVCA report reveals dive in venture activity
Sweden venture capital activity is at its lowest level since 2007, according to the SVCA’s latest quarterly report.
Volume of exits increases in October
After a slow September, exits picked up again last month, but overall volume seems lower as the year comes to an end.
Sweden continues to lead Nordics
Sweden outpaced its Scandinavian neighbours in the 12 months leading up to November. A SVCA study shows that industry optimism returned just in time for year-end.
Carlyle back in the black
The Carlyle Group reported net income of $219m in Q3, returning to profit after last year's loss of $191m.
Eurazeo and IDI post positive figures for Q3
French listed PE players Eurazeo and IDI have seen an uptick in their NAV per share in the three months between June and September.
Turkey rises to the challenge
Turkey is slowly but surely establishing itself as a prominent market for private equity in Central and Eastern Europe along with Russia and Poland.
Industrials and consumer see most volume in 2012 to date
The industrial and consumer sectors outperformed other major industries in terms of deal volume between January and September 2012.
The unquote” forecast: Total buyouts fall by 22% in 2012
After buyouts picked up again in 2010 and 2011, this year's forecast predicts a drop in both value and volume. Anneken Tappe reports
Blackstone records strongest quarter since IPO
The Blackstone Group beat expectations with its positive earnings report, showing a strong recovery year-on-year.
Spread between leverage and all-equity deals widens on investor scepticism
All-equity deals are decreasing as a percentage of overall buyouts, indicating investors are adopting a "wait-and-see" approach to financing.
CEE picking up the pace
Dealflow in the CEE region picked up slightly in August, and the handful of deals closed so far in September hints at a busy Autumn ahead.
2012 sees fewer state-backed funds
Fewer government-backed funds have been launched in 2012 than in previous crisis years, suggesting that either the market is picking up, or that even governments' aid efforts are failing.
Successful exits bring venture back into the game
Venture is bouncing back since its 2008 trough, and now sees over 50 exits per year in Europe. These exits are not just about quantity, but also quality, with some of Europe's best-loved VCs sharing the limelight with lesser known players.
Access to growth finance a key concern for UK businesses, ECI survey shows
ECI Partners' 2012 Growth Survey of UK SMEs reveals the business climate is still impacted by the UK's dependency on European trade and the difficulty in securing finance.
Candover NAV per share drops 10%
Listed private equity firm Candover Investments has announced a NAV per share of 642p at 30 June, down 10% from 717p at the end of December 2011.
Healthcare investments wane after strong Q2
Investment in the healthcare industry is facing tough times as total deal value falls to its lowest level in 18 months.
Ahlsell deal boosts construction sector value total
The construction & materials sector has seen €1.9bn worth of private equity deals being completed since January, exceeding the overall amounts invested in other industrial sub-sectors.
HarbourVest NAV registers slight drop in July
HarbourVest Global Private Equity has announced an estimated net asset value (NAV) of $935.4m at 31 July 2012.
PE-backed SMEs show increased employee numbers
Staff count at PE-backed companies has increased by an average of 26% since 2000, recent research by asset manager Adveq shows.
Mid-market leads value creation
Mid-market leads value creation