Italy weathers the slowdown storm better than Spain

Italy and Spain have been active accumulating more than EUR900m* in investments across different development stages. However, this figure shows a dramatic drop compared with H1 2007, when it had exceeded the EUR3bn mark.

In the first quarter of 2008, Spain took the lead in terms of investment volume, with close to EUR350m in 16 deals across all development stages. In Italy the figures amounted to EUR294m for 15 deals completed.

Comparing the two quarters, the figure for Spain has halved, from 32 to 16, while in Italy it has also decreased from 26 to 15.

The value of deals is also down in both Italy and Spain. Overall in H1 2007 it had reached cEUR3.1bn across all sectors and development stages with Spain showing higher volumes for buyouts and early stage. Italy only showed a higher volume than Spain across expansion deals. But although Spain remains ahead of Italy in terms of investment volume, the decrease in the former could prove more significant than that in the latter, owing to a higher reliance on leveraged acquisitions in the Spanish market, making it more affected by the lack of liquidity.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Industry
• Southern Europe