Buyout value jumps after mega-deals

The number of deals in Q2 increased slightly, up to seven compared to six in Q1. However, value increased ten-fold, from €154m to €1,585m. Mega-deals have skewed the figures, with KKR's acquisition of Inaer and CVC Capital Partners investment in telephone operator R accounting for approximately €1,375m of Southern Europe's total Q2 buyout value.

Growth investments in the Southern European countries have been steady with nine deals reported in Q2, one less than in Q1. The value of deals saw a small increase, from €259.3m in the first three months of the year, to €269.6m in Q2. Prominent deals for the growth stage include an investment in telecommunication company ONO and Ambienta SGR's backing of Spig SpA

Early-stage investments increased marginally with six deals, up two compared to the previous quarter. The value of venture deals in Q2 increased by 17.6% from €12.75m to €15m. The biotechnology sector accounted for two of the deals, with TCD Pharma receiving a €6.5m investment and Neuron BioPharma €2m.

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• Topics
• Southern Europe
• Expansion
• Buyouts
• Early-stage
• Candover