Q1 2009 unquote" Private Equity Barometer

Ashley Wassall
26 January 2010

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The unquote" Private Equity Barometer, published in association with Candover, shows deal activity (buyout, early stage and growth capital) in the previous quarter by volume and Euro value. Figures are based on preliminary quarterly data compiled by Incisive Media's unquote

Download the [asset_library_tag 663,Q1 2009 unquote" Private Equity Barometer]

Highlights:

European Private Equity

The number and value of European private equity backed transactions fell significantly in the first quarter of 2009. In total, there were 219 transactions valued at just €4bn

In value terms, this represents a fall of 86% compared with Q1 2008 and is less than half the value of transactions in the final quarter of last year. It is the lowest quarterly total since Q3 1996

Deal volumes have also slumped to lows not seen since Q2 1998. The total number of private equity transactions fell 18% quarter-on-quarter from 267 deals to 219. This is just over half of the 417 deals completed in the first quarter last year

Buyouts

Buyout activity levels continued to decline at a faster rate than the market as whole in Q1. There were just 49 buyouts completed over the three months, a 70% fall compared with the 161 recorded in Q1 2008 and the lowest quarterly total since 1992

The total value of these buyouts was €2.5bn, down by almost two thirds on Q4 2008 and 90% on Q1 2008, when €25bn of deals were completed. This is the lowest quarterly value since Q3 1995

There was a complete absence of any deals valued at more than €1bn, with the largest disclosed buyout of the quarter worth just €454m (BCC Private Equity's minority acquisition of Italian thermometry specialists Euromisure Srl)

In the UK there were 14 buyouts totalling €252m, down 25% in value terms compared with the final quarter of 2008. The largest disclosed UK buyout was the acquisition of Snell & Wilcox for €80m

Download the [asset_library_tag 663,Q1 2009 unquote" Private Equity Barometer]

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