Market Insight
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
Q3 Barometer: Core mid-market buyouts return to growth
Mid-market deal volume across Europe reached its highest total in five quarters
Secondary buyout levels reach new heights
SBO market in Europe has developed steadily over the last 15 years
European entry multiples rebound in Q2
Following a dip in Q1, multiples for European PE-backed buyouts have returned to 2015 levels
Polish buyouts keep CEE afloat
Poland has established itself as the largest buyout space in CEE
Southern Europe leads renaissance of billion-euro club
Dealflow in the €1bn+ buyout segment reached an eight-year high across Europe in the 12 months to Q2 2016
Q2 Barometer: European buyout activity rebounds
European deal volume reached its highest total in six quarters, while aggregate value increased by 80% compared to Q1 levels
Denmark increases share of Nordic PE deals
Southernmost Scandinavian country was the busiest country by deal volume in 2015
Berlin keeps Germany afloat
The German capital has emerged as the lone bright spot in the country, buoying the German private equity industry
Tech drives Danish PE as healthcare loses ground
Denmark's technology sector has fueled the rise of the local private equity industry
Holding periods lengthening again following 2015 drop
Holding periods for assets exited in so far 2016 have climbed following a drop in 2015, but still sit lower than the 2012-2014 average
Entry multiples still in double digits for most popular European markets
The latest unquote” and Clearwater International Multiples Heatmap Report, now available for download, neatly reflects the ever-challenging environment for private equity investors.
Tech startups power Italian recovery
Over the past few years, tech startups have accounted for an increasingly larger proportion of the Italian private equity landscape
