Q3 Euro buyout values in record drop

According to the Q3 unquote" private equity Barometer in association with Candover, the value of European private equity deals has fallen by around 32% from EUR24.4bn to less than EUR17bn, the lowest total seen since Q1 2004. Although volume also fell it was comparatively less, falling 14% from 178 transactions to 153, however this is almost double the volume drop recorded in the overall statistics which is the lowest figure seen in the last 18 months.

The least affected sector was the small-cap value range, which is defined by the barometer as deals worth less than EUR160m. There was a 12% drop in volume from 148 deals to 130, and an 11% drop in value from EUR6.3bn to EUR5.6bn. Since the decline of the large buyout market, the small-cap range has seen its share of the market increased to 85% and 34% from 83% and 26% in terms of volume and value respectively. The deal volume in the mid-cap value range (deals ranging from EUR160m to EUR1.65bn) also declined from 27 deals to 22, a 17% drop and had a 14% decrease in value from EUR10.5bn to EUR9bn. The mid-cap segment however also increased its share of the buyout market from 43% to 54%.

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• Performance
• France