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Quarterly Activity Indicator Trends Q3 2011
Quarterly Activity Indicator Trends Q3 2011
Quarterly Activity Indicator Trends Q3 2011
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Executive summary
Fundraising stabilised in the third quarter of 2011, but remained largely above the 2009-2010 quarterly levels. Investment value went up by 13% from the previous quarter. Buyout investment (including replacement capital and rescue/turnaround) increased by 22% from Q1 2011, to 9.7bn. Venture capital investment decreased by 11%, to 661m. Divestment at cost (excluding write-offs) went up by 53% from Q2 2011. Trade sales more than doubled from the Q2 2011 level. Sales to other PE firms went up by 72%.
2|
80
60
40
20
0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
2007
Source: EVCA/PEREP_Analytics
2008
2009
2010
2011
3|
Index Q1 2007=100
Early-stage Later-stage Growth Buyout, rescue/turnaround and replacement capital Total investment
200
150
100
50
0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
2007
Source: EVCA/PEREP_Analytics
2008
2009
2010
2011
4|
Index Q1 2007=100
Early-stage Later-stage
300
Buyout, rescue/turnaround and replacement capital
Total investment
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
2007
2008
2009
2010
2011
Source: EVCA/PEREP_Analytics
5|
European private equity divestments exit route trends (amount at cost divested)
180 160 140 120 100 80 60 40 20 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
2007
Source: EVCA/PEREP_Analytics
2008
2009
2010
2011
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