Click here for printer friendly page

High-tech venture capital: portfolio realism and realisation

Venture capitalists believe that mergers and acquisitions will be the main exit route for their technology company investments as the IPO window will stay shut until at least 2003, according to research undertaken by Ionic Advisors and the Miller Insurance Group.

The study also showed that, despite the tech downturn, VCs are not turning their back on this sector and intend to raise new capital to invest in technology companies. Despite this positive sentiment, the pipeline of venture-backed companies that need to be exited over the next three to five years is full and many VCs are having to find more creative ways of realising their investments.

Click here to view research (156 KB)

Copyright © 2002 The Miller Insurance Group/Ionic Advisors

The Miller Insurance Group is the UK's leading independent insurance broker, operating internationally and at Lloyd's.  Established in 1902, Millers now employs over 600 people at its headquarters in London and handles a premium income of around one billion US dollars.  Since its formation, Millers has developed a reputation for its outstanding quality of service and expertise across a comprehensive range of specialised insurance niches.

Ionic Advisors is a professional advisory firm dedicated to realising the value in technology and telecommunications companies through successful merger and acquisition transactions. Working closely with both individual companies and venture capital investors, Ionic Advisors brings experience, proven expertise and market knowledge to the acquisition, exit and value realisation process. For more information please visit www.ionicadvisors.com