Market Insight
PE firms more bullish than corporates on distressed M&A – survey
Of the PE firms surveyed, t4% cite distressed/turnaround opportunities as a major motivation for acquisitions
DACH buyout market weathers Covid-19 impact, UK and France suffer
Germany emerged as the busiest region in Europe in Q2, albeit with a low volume and aggregate value of deals by historical standards
PE exits hit decade low in Q2
Volume of exits by PE players across Europe fell by 43% year-on-year in Q2 2020 as the coronavirus crisis took hold, according to Unquote Data
PE secondaries volume cut by more than half in H1 - survey
Private debt fund secondaries were hit even harder with an 81.8% plunge, Setter says
Italian PE: an opportunity in crisis
The latest edition of Gatti Pavesi Bianchi's series on the Italian private equity and M&A markets is now available to download
European fund closes slump by 42% amid lockdown
Unquote recorded 44 first or final closes of European PE funds between March and May, a 42% drop on the three-month average seen across 2019
VC, growth activity collapses in March amid Covid-19 outbreak
European VC and growth capital dealflow was no more sheltered than its buyout counterpart
Annual Buyout Review: European momentum likely to be hit hard
Unquote's lastest Annual Buyout Review is now available to download, offering in-depth statistical analysis of European buyout activity in 2019
Italian PE: Strength in numbers
First three quarters shaped up well in terms of volume, with total deal numbers marginally higher than those for the same period in 2018
Q4 Barometer: European deal volume sets new annual record
Despite a slowdown in the final quarter of the year, private equity activity reached an all-time high over the course of the year
Q3 Barometer: European PE's strongest third quarter
European market had its most active third quarter on record in 2018 in terms of dealflow
European VC fundraising continues strong showing
VC fundraising totals over 2016-2017 marked a healthy increase of nearly 50% on the amounts raised in the previous two-year period
Q2 Barometer: European private equity hot streak continues
Average European PE deal value hit a post-crisis peak in Q2, while quarterly volume reached the highest level on record
Italian PE back in fashion
Despite a drop-off in 2017, total Italian PE value last year is still almost double that of the €4.1bn invested in 2012
Q1 Barometer: Mega-deals propel value to post-crisis record
Deal volume reached the second highest quarterly level in two and a half years, while aggregate value climbed to €54bn
Q4 Barometer: Deal volume and aggregate value slide
Despite a boom in both dealflow and aggregate value across 2017 as a whole, the final quarter of the year saw a slowdown in activity
Q3 Barometer: Market pauses for breath
European dealflow slows down compared with previous quarter but remains at historically elevated level
Average entry multiple climbs to 10.8x in Q2
Price inflation has led average European multiples to rise further in Q2, according to the latest unquote" and Clearwater Multiples Heatmap
Q2 Barometer: Aggregate PE deal value reaches 10-year peak
Deal numbers climbed for the second consecutive quarter, boosted by buyouts and growth capital deals
Average multiples remain stable at 10.2x in Q1
European valuations keep track with 2016, but drop slightly compared to Q4 2016
Q1 Barometer: Fall in buyouts sees aggregate value drop 30%
Early-stage and expansion deals up, while buyout volumes and values drop
European entry multiples rise to 10.2x in 2016
CEE, southern Europe and the Nordic region drive average price increase, while UK valuations drop
Q4 Barometer: Large-cap deals boost value in a shrinking market
Spike in megadeals boosted aggregate deal value in Q4, though volume was down 20% year-on-year
unquote" LP and secondaries round-up
European fund-of-funds managers look to raise new vehicles, LPs increase private equity allocations, and more in this unquote" round-up of LP news
