In a series of 2020 reviews, Unquote dives into the data to discover how the various regions of Europe performed during the coronavirus crisis, and what GPs expect for the year ahead.
The full picture of Covid-19's impact on private equity activity will become clearer when final numbers can be tallied up in early 2021. But the early figures highlight how a 2008-style meltdown was averted, both in terms of deal-doing and fundraising.
That said, the crisis has further exacerbated a bifurcation in the market that is likely to lead to ever more competitive processes and correspondingly high average entry multiples, at a time when the full ramifications of Covid-19 for a number of businesses are still not crystal clear.
Unquote editor Greg Gille welcomes Unquote's UK market specialist, Katharine Hidalgo, to discuss how the UK industry fared in 2020, and what's on the minds of market players as 2021 beckons.
0:00 – Intro
0:33 – Pan-European 2020 trends overview
2:38 – UK headline figures
4:50 – Pent-up demand and CGT hike looming
9:14 – Outlook for 2021
Theme music: ©2012 Kick Up The Fire
In his new role, Livio Zanotelli will focus on identifying new investment opportunities across Italy
CVC Capital Partners has signed an agreement to sell portfolio company AR Packaging Group to listed company Graphic Packaging Holding Company for $1.45bn.
GP sells its 75% stake in the medical company, controlled via Atlante Private Equity Fund
Cinven's proposal amounts to 830 pence per share, representing a 37.6% premium to Sanne's shares price of 603 pence