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EVCA Quarterly Activity Indicator: Q1 2007-Q2 2011

29 August, 2011. text. EVCA Quarterly Activity Indicator: Q1 2007-Q2 2011. Produced for EVCA by PEREP_Analytics TM. Methodology. Data collected via questionnaires and reliable public sources Definition of Europe: for deals, it is defined by the location of the target;

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EVCA Quarterly Activity Indicator: Q1 2007-Q2 2011

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  1. 29 August, 2011 text EVCA Quarterly Activity Indicator: Q1 2007-Q2 2011 Produced for EVCA by PEREP_AnalyticsTM

  2. Methodology • Data collected via questionnaires and reliable public sources • Definition of Europe: • for deals, it is defined by the location of the target; • for fundraising it covers funds primarily focused on Europe • Fundraising: only formal closings are included with committed amount • Investments: amounts are measured by equity value; debt is included only IF provided by PE funds (bank leverage excluded) • Divestments: measured at amount at cost divested (not proceeds)

  3. 2010 2009 2011 2007 2008 Trends in European private equity activity flows Index Q1 2007=100 Source: EVCA/PEREP_Analytics

  4. 2010 2009 2011 2007 2008 Evolution of activity flowsIncremental amounts raised during quarter Source: EVCA/PEREP_Analytics

  5. Funds raised – Quarterly evolution Index Q1 2007=100 2011 2010 2009 2007 2008 Source: EVCA/PEREP_Analytics

  6. Funds raised by fund stage focus 2011 2007 2010 2009 2008 Source: EVCA/PEREP_Analytics

  7. Funds raised by fund stage focus in Q2 2011 Source: EVCA/PEREP_Analytics

  8. Fundraising profiles for final fund closings in 2007 Source: EVCA/PEREP_Analytics

  9. Fundraising profiles for final fund closings in 2008 Source: EVCA/PEREP_Analytics

  10. Fundraising profiles for final fund closings in 2009 Source: EVCA/PEREP_Analytics

  11. Fundraising profiles for final fund closings in 2010 Source: EVCA/PEREP_Analytics

  12. Fundraising profiles for final fund closings in 2011 Source: EVCA/PEREP_Analytics

  13. Investments by amount – Quarterly evolution Index Q1 2007=100 2010 2009 2011 2007 2008 Source: EVCA/PEREP_Analytics

  14. 2010 2009 2011 2007 2008 European investments at €9.9bn in Q2 2011 Source: EVCA/PEREP_Analytics

  15. Investments by stage distribution(equity amount invested) 2011 2010 2009 2007 2008 Source: EVCA/PEREP_Analytics

  16. Investments by stage distribution(number of companies invested) 2011 2010 2009 2007 2008 Source: EVCA/PEREP_Analytics

  17. 2010 2009 2011 2007 2008 Buyouts split by size(equity value, bank leverage excluded) Source: EVCA/PEREP_Analytics

  18. 2010 2009 2011 2007 2008 Buyouts split by size(number of companies) Source: EVCA/PEREP_Analytics

  19. Amount invested by sector in 2007All private equity Source: EVCA/PEREP_Analytics

  20. Amount invested by sector in 2008All private equity Source: EVCA/PEREP_Analytics

  21. Amount invested by sector in 2009All private equity Source: EVCA/PEREP_Analytics

  22. Amount invested by sector in 2010All private equity Source: EVCA/PEREP_Analytics

  23. Amount invested by sector in 2011All private equity Source: EVCA/PEREP_Analytics

  24. Amount invested by sector in 2007Venture capital Source: EVCA/PEREP_Analytics

  25. Amount invested by sector in 2008Venture capital Source: EVCA/PEREP_Analytics

  26. Amount invested by sector in 2009Venture capital Source: EVCA/PEREP_Analytics

  27. Amount invested by sector in 2010Venture capital Source: EVCA/PEREP_Analytics

  28. Amount invested by sector in 2011Venture capital Source: EVCA/PEREP_Analytics

  29. Amount invested by sector in 2007Buyout & growth Source: EVCA/PEREP_Analytics

  30. Amount invested by sector in 2008Buyout & growth Source: EVCA/PEREP_Analytics

  31. Amount invested by sector in 2009Buyout & growth Source: EVCA/PEREP_Analytics

  32. Amount invested by sector in 2010Buyout & growth Source: EVCA/PEREP_Analytics

  33. Amount invested by sector in 2011Buyout & growth Source: EVCA/PEREP_Analytics

  34. 2010 2009 2011 2007 2008 Divestment at cost - Evolution Source: EVCA/PEREP_Analytics

  35. 2010 2009 2011 2007 2008 Divestment at cost – Quarterly evolution Index Q1 2007 = 100 Source: EVCA/PEREP_Analytics

  36. European private equity divestments – exit route trends(amount at cost divested) Index Q1 2007 = 100 2010 2009 2007 2011 2008 Source: EVCA/PEREP_Analytics

  37. Venture divestment at cost in 2007% of amount Source: EVCA/PEREP_Analytics

  38. Buyout & growth divestment at cost in 2007% of amount Source: EVCA/PEREP_Analytics

  39. Venture divestment at cost in 2008% of amount Source: EVCA/PEREP_Analytics

  40. Buyout & growth divestment at cost in 2008% of amount Source: EVCA/PEREP_Analytics

  41. Venture divestment at cost in 2009% of amount Source: EVCA/PEREP_Analytics

  42. Buyout & growth divestment at cost in 2009% of amount Source: EVCA/PEREP_Analytics

  43. Venture divestment at cost in 2010% of amount Source: EVCA/PEREP_Analytics

  44. Buyout & growth divestment at cost in 2010% of amount Source: EVCA/PEREP_Analytics

  45. Venture divestment at cost in 2011% of amount Source: EVCA/PEREP_Analytics

  46. Buyout & growth divestment at cost in 2011% of amount Source: EVCA/PEREP_Analytics

  47. European divestments by segment in Q2 2011 Buyout & growth • Venture Q2 2011 Top Exit routes # companies divested # companies divested Trade Sale Secondary Repayment of Principal Loans € 1.5 bn € 186 m 55 62 Write-Off Sale of Quoted Equity 27 € 72 m € 1.3 bn 50 7 € 42 m € 0.3 bn 7 Source: EVCA/PEREP_Analytics

  48. Conclusions • Fundraising picked-up again in the second quarter of 2011, to €10.5bn, compared with €6.9bn raised in the first quarter of the year. The increase was primarily driven by an increase in growth capital fundraising from €0.3bn in Q1 to €3.6bn in Q2. • Investment value rose, from €8.4bn in Q1 2011 to €9.9bn in Q2 2011. Like in Q1 more than 1000 companies received investments in the second quarter. • Buyout investment (including replacement capital and rescue/turnaround) increased by 25% from Q1 2011, to €8bn. Growth capital investment again remained stable at €1.2bn. Venture capital investment decreased by 11% to €0.7bn. • Divestment at cost (excluding write-offs) fell in Q2 2011 to €4bn (€4.5bn in Q1 2011). More than 400 companies were exited. The amount written-off in Q2 2011 fell to €0.1bn (€2.3bn Q1 2011). • A total of 104 companies were exited via trade sale, for a total amount at cost of €1.4bn. Sales to another private equity firm came next with €1.5bn divested at cost from 67 companies.

  49. EVCA European Private Equity and Venture Capital AssociationBastion Tower Place du Champs de Mars 5B – 1050 Brussels – Belgiumwww.evca.euTel: +32 2 715 00 20

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