
French buyout market continues strong rebound in H1

France saw an unprecedented amount of buyout dealflow in the first half of 2021, with aggregate value in particular setting a clear record, according to Unquote Data.
The country was home to 136 private-equity-backed buyouts between January and June this year, according to preliminary statistics, with a strong likelihood that this figure will continue to climb as more deals come to light via secondary research. These tallied up to an estimated aggregate enterprise value of nearly €33.7bn.
Both figures are new records for buyout activity in any given half-year. The value total in particular eclipses all previous semi-annual tallies by some margin. By comparison, Unquote recorded 126 buyouts worth a total of €21.1bn in H2 last year, with just €17.2bn across 86 deals logged for H1 2020.
On average, France was home to 114 buyouts worth a combined €15.4bn in each half-year between 2015 and 2019.
The sharp value increase in H1 2021 was driven to a large extent by an unprecedented string of mega-buyouts in the country. These included Cerba Healthcare, DomusVi, Circet, Siaci Saint Honoré, and more.
Overall, France was home to nine buyouts valued in excess of €1bn apiece in the first half, comfortably outpacing the UK and German markets (with five and four deals each, respectively). Four of these were valued at more than €3bn.
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater