SBOs account for 90% of €500m+ dealflow in Q3

SBOs always tend to be more prevalent at the upper end of the market – but Q3 stuck to the trend in spectacular fashion, with a whopping nine out of 10 buyouts valued at more than €500m being sourced from other GPs. These included Pamplona buying OGF from Astorg for an estimated €900m and CVC acquiring Domestic & General from Advent International in a deal valued at around £750m.

While the contribution of SBOs to the overall value of buyouts is also marginally less significant than in the first two quarters of the year (62% in Q3 against 64% across H1 2013), it remains high by historical standards – in the first half of 2012, SBOs "only" accounted for 39% of all buyouts in value terms.

In volume terms, around 38% of buyouts completed across Europe in Q3 were sourced from another private equity house. The figure is an improvement on the first half of 2013 (44%), but still higher than those seen in years past – again, SBOs only accounted for 27% of all buyouts in the first half of last year.

All data is sourced from unquote" data, the unquote" proprietary database. To conduct your own searches on pan-European private equity trends, visit unquotedata.com

For a more in-depth analysis of Q3 activity figures, look out for the next edition of the unquote" Private Equity Barometer, published in association with SL Capital in the coming weeks.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Buyouts
• Exits
• Secondary buyout
• Market Insight