PRINT THIS PAGE Private Equity Barometer
Q3 2007
31/10/2007. Source: Candover and unquote"/Private Equity Insight. 
Following a record-breaking second quarter, it was difficult to see anything but further growth ahead for private equity going into July. However, the turbulence in the credit markets in the wake of the sub-prime mortgage crisis led many to begin predicting a barren period for the asset class. With liquidity reduced and leverage hard to come by, deal flow in the buyout market, which had been the driver of the record figures, would surely dry up. The statistics, though, as analysed in this unquote" Private Equity Barometer, sponsored by Candover and published by Incisive Media, tell a more complicated story. Key Findings
Overall European Private Equity
- The market remained surprisingly active during Q3, with 359 deals recorded in total, equalling the total reached in Q2. This is the joint second-highest total reached over the last 18 months, with only Q1 2007 seeing more deals completed with a total of 432.
- Following a record breaking second quarter there was a decline in the total value of private equity deals following a period of turmoil in the credit markets. Deals worth just under €44bn were completed over the period; the second lowest quarterly total in the last 18 months and almost a third lower than the previous three months.
- The remarkable resilience in the market means that the YTD figures for 2007 are still significantly higher than those for the corresponding period in 2006. A total of 1,150 deals have been recorded in the first nine months of the year with total deal value currently standing at a shade over €160bn, representing increases of 14% and 28.5% respectively.
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Candover is a leading provider of equity for large European buyouts. Since its formation in 1980, it has invested in 123 buyouts worth over €25 billion. Investment in deals by Candover is provided in two forms, from Candover Investments plc, a publicly quoted investment trust capitalised at around €470 million, and from funds managed by Candover Partners, a wholly owned subsidiary. Candover's latest fund, the Candover 2001 Fund, raised €2.7 billion which brought Candover's total funds managed since inception to over €5 billion. For more information go to www.candover.com
The Private Equity division of Incisive Media (Initiative Europe Ltd) is a leading independent provider of specialist and in-depth information focused purely on European private equity and venture capital markets. For more information go to www.incisivemedia.com
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