Headcount and turnover on the rise for French PE-backed businesses

The revenue growth rate of portfolio companies compared favourably to France's nominal GDP growth rate of 3.1% in 2011. It also stood higher than the 2010 figure, when revenues for PE-backed businesses grew by 7.8%.

Meanwhile those businesses created 76,000 new jobs in 2011 - the 5.2% growth rate was higher than 2010's 4.8%. Comparable French companies as a whole saw their headcount rise by 0.4% over the same period.

VC-backed businesses were the largest contributors to 2011's positive findings: such companies saw their turnover and staff numbers grow by 17% and 12.5% respectively. Revenue and headcount growth for businesses backed by buyout houses stood at 7.4% and 4.8% respectively.

The study, conducted annually to look back at figures from the previous fiscal year, covers 2,760 PE-backed businesses headquartered in France.

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• Ernst & Young