
Q2 Barometer: dealflow slips as aggregate value swells

The total number of European private equity deals fell by 24% in the second quarter of this year, while aggregate deal value jumped by 115%, according to the latest unquote” Private Equity Barometer, published in association with SL Capital.
The number of European private-equity-backed deals declined by 24% in Q2 this year, from 392 transactions in Q1 down to 296 deals. Despite a fall in deal volume, combined deal value rose by 115% due to strong activity in the large-cap segment. There were nine £1bn+ deals recorded in the period, setting a new high in this bracket since the beginning of 2013.
The strong showing in the large-cap space caused average deal value for Q2 to rise to €147m, 185% higher than that of the previous quarter and the highest recorded over the last 10 quarters.
Looking back over the 12 months to the end of Q2 2015, combined deal value increased by 29%, while total volume slipped by 8%, highlighting a move towards more expensive transactions.
In the buyout segment, dealflow increased to 131 in Q2, up from 122 buyout transactions recorded in the previous quarter. The combined value of buyout deals increased 144% from Q1's €16.6bn to €40.7bn.
To read the full report, including detailed statistics for the growth capital and venture markets, click here.
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