Happy Holidays from the Unquote team
Unquote rounds up a selection of our most impactful recent content, before the team returns on Tuesday 4 January to resume covering the latest European private equity news.
Dear readers,
We have now come to the end of 2021 – a year that not only saw private equity survive the continued impact of the pandemic, but arguably thrive like never before.
We previously mused as to whether the European PE market could break the EUR 400bn activity mark this year – early signs are that we might fall a little short, with the current tally standing at around EUR 366bn, but a flurry of large deals inked before the Christmas break could very well take us past that. In any case, it is already evident that 2021 deal activity will break all previous records. Whether or not this can (or even should) be sustained into 2022 is another matter, but the drivers – bullish sponsors, equally hungry lenders and mountains of fresh dry powder – are certainly hinting at more M&A frenzy in the new year.
To round off this madcap year, and before the team returns on Tuesday 4 January to resume covering the latest European private equity news, here is a selection of our most impactful recent content.
The whole Unquote team joins me in thanking you for your continued support and wishing you an excellent festive season as well as continued success in 2022!
Greg Gille
Editor, Unquote
Many sponsors are anticipating that 2022 could be just as busy as 2021, in spite of mounting headwinds
Average fund size reaches new heights amid stark market bifurcation
Average buyout fund close for 2021 stands at EUR 1.33bn, more than double the EUR 629m recorded in 2017
Unquote Private Equity Podcast: To 12x and beyond
The Clearwater International Multiples Heatmap reveals that average entry multiples broke new records in Q3, on the back of a still-buoyant M&A market
Q3 Barometer: PE scales new heights
The latest Unquote Private Equity Barometer, produced in association with abrdn, is now available to download
Food and beverage buyouts to reach EUR 13bn in 2021
An average of 44 buyouts totaling EUR 5.1bn were completed in the sector from 2011-2020
CD&R forms USD 4bn special-purpose vehicle for Belron stake
CD&R is also selling part of its stake to existing backers, including Hellman & Friedman
Blackstone registers ninth fund
Previous flagship fund, Blackstone Capital Partners VIII, held a final close in September 2019 on USD 26bn
PAI sells Asmodee to Embracer in EUR 3bn deal
EBITDA for the France-based games business has risen from EUR 90m to EUR 240m under PAI's ownership
Grocery delivery startup Flink closes USD 750m Series B round
German grocery delivery startup has comfortably exceeded unicorn status in just a year since inception
Nordic Capital registers latest flagship fund
Nordic Capital XI's registration follows the final close of its predecessor in 2020 on EUR 6.1bn
Advent Tech II closes on USD 4bn
Predecessor fund in Advent's technology-focused strategy held a final close in 2019 on USD 2bn
Permira in USD 5.8bn Mimecast take-private
Announcement follows a series of discussions with potential strategic and financial investors