DACH buyout dealflow hits 15-month high in Q2

The German-speaking region was home to 23 recorded buyout deals between April and June, amounting to an estimated aggregate enterprise value of €6.1bn. These figures mark a sharp increase on activity in the first quarter, with volume up by 43% and aggregate value up by a staggering 155%.

The latter can be explained by a healthy number of transactions valued in excess of €250m, as well as a handful of large-cap deals inked in the quarter. EQT notably acquired the real estate services business of German engineering company Bilfinger for €1.4bn EV in June, while Astorg Partners bought a majority stake in Switzerland-based AutoForm for a reported CHF 700m (€648.6m) that same month.

Slightly lower down the value scale, 3i acquired German cable protection producer Schlemmer from Hannover Finanz and Mackprang Holding in a deal thought to value the company at more than €400m. Quilvest Private Equity also sold Swiss watch component maker Acrotec Group to Castik Capital in a CHF 280m SBO.

This strong activity means the DACH region saw its busiest quarter in terms of buyout dealflow since Q4 2014, while aggregate value hit a high not seen since the €7.6bn recorded in Q2 2015.

Germany and its neighbouring countries also outpaced the rest of Europe with regard to buyout dealflow in the second quarter. Looking at Europe as a whole, the number of buyouts recorded went up by 11% while overall value increased by 80% quarter-on-quarter.

Click here to download the Q2 2016 Private Equity Barometer, published in association with SL Capital Partners, to get complete statistics on European private equity activity in the second quarter

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• Topics
• DACH
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• Germany
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