European mid-market growing in significance

In total, some 1,222 buyouts with an aggregate value of E83.0m were completed in the E20-200m size range in the period 1999 to Q3 2004, according to the European Mid-Market Overview, a report published by Initiative Europe. Three years of decline in both the volume and value of the European mid-market followed the high point of deal activity in 1999. As a percentage of all European buyout dealflow, however, the mid-market has increased consistently between 1999 and Q3 2004. In 1999, just under 41% of all European buyouts were mid-market transactions. By 2003, the share had risen to 52% while in the first nine months of 2004, 57% of all completed buyouts have been mid-market deals. Although Continental European markets continues to grow in stature rapidly, the UK has historically dominated the European private equity market. Over the period between 1999 to Q3 2004, the UK & Ireland has been the dominant region in the European mid-market, accounting for 42% of deal volumes and 40% of the total value of the market. Turning to divestments, as secondary buyouts continue to be a popular alternative for exits, institutional investors are now the third-largest single source of mid-market buyouts, accounting for 19% of deals and 21% of the total value of the market. For further details on the European Mid-Market Overview, please contact Rob Lamb on +44 1737 784247.

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• Topics
• UK / Ireland
• DACH
• Nordics
• France
• Southern Europe
• CEE
• Benelux