DACH buyouts plummet nearly 70%

Buyout activity in the DACH region showed a stark, albeit delayed, response to the Lehman collapse and its knock-on effect. While most of Europe noticed an immediate impact, with buyout markets all but shutting at the end of September, the DACH region ticked along throughout October. Since the end of the year, buyout activity has slowed to a steady trickle.

Even the deals making it past the finish line are largely below the EUR25m mark, with a full two-thirds below EUR50m. Just one deal was notable for its size, the circa EUR600m buyout of SGB by BC Partners.

The buyout was also interesting for its lack of leverage: BC structured it as an all-equity deal at the onset, putting in place a vendor loan.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Industry
• DACH