
Italy’s aggregate value soars in 2016

Despite a slight dip in deal volume, Italy witnessed a 38.3% increase in aggregate value terms in 2016, the fastest growth rate among the five largest economies of the continent. Amedeo Goria reports
In 2015 and 2016, Italy consolidated its overall buyout activity and confirmed its growth as an attractive market for dealmakers. Compared to 2012-2013, the country almost doubled its volume figure and posted a four-fold increase in aggregate value, from €3.2bn deployed in 2012 to €13.5bn in 2016. Nonetheless, the Italian buyout industry seemed to slow down its pace in 2016 to hedge an unstable political spectrum, both domestically and internationally.
“Despite political turmoil, the newly formed government needs to give priority to the private equity sector,” says Nino Tronchetti Provera, managing partner at Ambienta: “Italy is the second to last country in Europe in terms of economic impact of private equity activity on GDP, three times less than the UK and 29% less than Germany. Italy needs to bridge the gap with its European neighbours, starting with the regulation of the carried interest.”
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