Q1 09 – UK deal drought continues April 5, 2009
Posted by nicolatillin in Buyouts, Private Equity Research & Statistics.Tags: confidence, Corbett Keeling, deal values, private equity, Private Equity Insight, uk buyouts, unquote"
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The quarterly confidence survey carried out by unquote” and sponsored by Corbett Keeling shows a stark picture in the UK large buyout sector (150m+ euros) – with no deals done at all.
Small buyouts didn’t fare much better, with only 9 deals in comparison with 37 in the same quarter in 08.
However, in comparison with last quarter, the confidence survey did indicate some hope:
- More people now believe that activity will increase for smaller deals
- More people now believe valuations now reflect the current economic outlook
- Most people believe that debt is available – but only for the right transactions
- No predictions for growth in the UK economy this year, but the vast majority are saying it will return before 2011
The areas of opportunties were identified as distressed corporates and private equity backed businesses which are coming under pressure.
Over 500 key players in the UK private equity/vc markets were surveyed by unquote”, so the findings are a good guideline of confidence in general.
Deal value/volume stats were provided by Private Equity Insight.
Southern Europe – still bucking the buyout trend? March 31, 2009
Posted by nicolatillin in Buyouts, Private Equity Research & Statistics.Tags: Buyouts, Italy, Private Equity Insight, Southern Europe, statistics, unquote"
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Figures from leading journal unquote” show the 2008 buyout market for Southern Europe, and Italy in particular, was a different story to the rest of the wider European region.
Figures from the unquote” database – Private Equity Insight - showed that deal activity and value increased in 2008.
However, year to date stats for 2009 so far shows that the region is experiencing the same slowdown as affected the rest of Europe in the last half of 08.
Interviewed in the April issue of unquote”, Eugenio Morpurgo, CEO of Italian corporate finance advisory firm Fineurop Soditic said “Activity will be scarce: 2009 looks like a year for re-capitalisations and rescue finance”.
Sample copies of unquote” are easily available – simply fill in a request form.
