Performance
Performance data: using returns to predict returns
Gaining access to reliable performance data has become something of a holy grail for private equity professionals seeking to stay one step ahead of the market, but it has historically be difficult to find. Is this set to change?
UK - Prices fall to lowest level for six years
According to the latest Private Company Price Index, published quarterly by corporate advisory firm BDO Stoy Hayward, the average entry multiple being paid by private equity firms (PEPI) dipped by 14% in Q2 2008 to 11.1x earnings - the lowest level for...
FRANCE - Private equity returns remain high
Figures recently released by AFIC reveal that the performance of French private equity funds continued its upward trend in 2007.
Trouble brewing
Although there are signs that France is navigating the credit crunch, with the major French lenders still active, there is pain to come as portfolio companies struggle to avoid defaults, writes Nathan Williams
CEE: emerged, but still enticing
Returns in Central and Eastern Europe (CEE) will no longer be as attractive as they have been in the last few years, though the region will continue to offer a superior risk/reward profile for investors – this was the message sent at the unquote”...
Performance measurement survey
Large buyout funds are statistically the place to be - but for how much longer? Nathan Williams investigates
UK - Private equity-backed IPOs outperform
According to research by Cass Business School, commissioned by the BVCA and the London Stock Exchange, private equity-backed companies perform better on listing than companies backed by other sources of capital. The key findings in the study included:
Is the economic impact of private equity measurable?
With the public scrutiny under which the activities of the private equity industry has been placed in recent times, the importance of measuring the economic and social impact of venture capital and buyouts in domestic markets has increased. In line with...
UK - Q1 '08 unquote" statistics reveal slowdown
Unquote's quarterly look at market activity and sentiment reveals what most industry players already knew - deal activity is down markedly across the board on this time last year, with a majority predicting that this downward spiral is set to continue.
EUROPE - EVCA data shows increased returns in 07
Private equity delivered increased returns for investors in 2007, with buyout funds the best performers, according to data from the European Venture Capital Association.
Returns concerns
Confidence in mega-funds declines.
GLOBAL - S&P launches industry index
In a move that underlines the increasing significance of private equity, ratings agency Standard & Poor’s has launched a new index to track the industry’s performance. The tracker will follow the 25 most liquid private equity firms around the globe.
US VC investing steady at $22bn in 2005
Venture capitalist matched 2004 by investing $21.7bn in 2,939 deals in 2005, according to the MoneyTree Survey by PricewaterhouseCoopers, Thomson Venture Economics and the National Venture Capital Association. Full-year 2004’s $21.6bn marked the first...
US venture investing rises 19% to $5.8bn in Q2 2005
US venture capitalists invested $5.8bn in 750 companies in the second quarter of 2005, according to the MoneyTree Survey by PricewaterhouseCoopers, Thomson Venture Economics and the National Venture Capital Association. Funding increased over Q1 2005...
Technology M&A reaches five-year peak, according to Regent Associates
Acquisition activity for the first half of 2005 within the European technology sector has reached a five-year peak, falling just short of the all time high in 2000, according to the latest findings from Regent Associates' 'European Technology Acquisition...
Venture Index investment levels up 9%
Venture Index, the UK's first index designed to lift the lid on investments in small, unquoted UK companies, has reported a rise of 9% in the number of investments since the beginning of the year.