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Gresham Monitor: June 2004
16/09/2004. With seven out of ten UK middle-market companies now expressing optimism regarding growth prospects, managers are more upbeat that at any time since July 2000. In spite of higher energy costs, rising interest rates and the continued threat of global terrorism, the number of pessimists has tumbled to a four-year low, according to the latest Gresham monitor. 
Barclays small business survey Q3
17/12/2003. The number of UK start-ups in the third quarter of 2003 was 14 per cent lower than in the same period last year. But this decline is more reflective of the relatively high level of new businesses in 2002 rather than any subsequent deterioration in economic conditions, according to the latest Barclays Small Business Survey.
Nordic institutions’ asset management 2003 alternative investments
11/12/2003. More than 60 per cent of Nordic pension funds, life insurers, and foundations currently invest in hedge funds or private equity and a significant proportion plan to increase their allocations over the next two years, according to the Nordic alternative Investments Survey by Prospera Research and IPM Informed Portfolio Management.
Central European private equity confidence survey
03/12/2003. Economic performance in Central Europe has been favourable in 2002 and 2003 despite a global economic downturn, according to Deloitte & Touche's Central European private equity confidence survey.
M&A activity in Scandinavia
03/12/2003. In the last 12 months Scandinavian M&A activity has decreased by 19 per cent in terms of the number of bids made. But total transaction values have increased by six per cent according to a survey conducted by Dealogic.
Trends in legal terms in venture financings in the San Francisco Bay area
25/11/2003. The overall terms of venture financings in the third quarter of 2003 improved slightly from the previous quarter, according to Fenwick & West. The direction of price changes was similar to the second quarter of the year, but the use of some of the tougher terms such as multiple preference, ratchet anti-dilution and pay-to-play decreased.
Global private equity: Holding strong during M&A downturn
25/11/2003. European targets have accounted for 63 per cent of all private equity M&A activity between 2000 and the third quarter of 2003, according to the JPMorgan Global Private Equity Survey. US targets accounted for just 32 per cent of the total and private equity M&A was minimal in the rest of the world.
US Global Entrepreneurship Monitor 2002
17/11/2003. Total US entrepreneurial activity decreased for the second consecutive year in 2002, according to the Global Entrepreneurship Monitor conducted by Babson College and the Kauffman Foundation. The decline of 10.2 per cent is attributed to the effects of the recession, the internet bust, and the fall-out from failed companies in technology sectors.
3i European Enterprise Barometer Q3 2003
04/11/2003. Confidence levels among European private companies rose dramatically over the second quarter of 2003, according to the 3i European Barometer Index. This rise should, however, be put into context. At –17, (compared to –117 in March 2003) the Index is the least negative that it has been for two and a half years.
IVC Survey Q3 2003
29/10/2003. The positive uptick in activity in the Israeli venture capital market seen in the second quarter of 2003 continued to gather pace in the third quarter. Figures from the IVC Research Centre highlight the increase in activity and reveal the new optimism in the industry.
Partnership terms and conditions 2002-2003
29/10/2003. The management fees charged by private equity firms have changed very little over the last year despite a significant deterioration in fundraising conditions, according to a new report carried out by SCM Strategic Capital Management. The findings suggest that hopes a tougher market would result in a big swing in the balance of power in favour of investors have been disappointed.
Private equity confidence survey Q3: Austria, Germany and Switzerland
20/10/2003. The private equity industry in Austria, Germany & Switzerland is preparing for a comeback. Rising consumer confidence, acceleration of economic reform and a broad sense of economic optimism are infiltrating the private equity market in German speaking countries, according to the Deloitte & Touche Private Equity Survey Q3
Barclays small businses survey Q2 2003
20/10/2003. The number of small business start-ups in the UK has continued to rise in the second quarter of 2003 while the number of closures has fallen marginally, according to the latest small business survey carried out by Barclays Bank.
M&A Review for Asia - 2003
15/10/2003. Mergers and acquisitions activity in Asia (excluding Japan and China) has declined in the 12-month period to the end of September 2003 compared to the previous year. Dealogic provides a detailed analysis of the M&A market in the region during this period.
UK MBO figures Q3 2003
15/10/2003. In the spring of 2003, the UK experienced an uptick in the level of management buy-out activity. This resurgence has carried on through the third quarter of the year. KPMG's private equity group assesses the state of the MBO market in the UK and highlights its continued increase in activity.
European alternative investment strategies survey 2003
08/10/2003. Nearly half of all European institutional investors are currently investing in private equity, according to a survey conducted JPMorgan Fleming.
Israel Money Tree survey Q2 2003
08/10/2003. Private equity firms invested $243m in Israeli high-tech companies, according to the PricewaterhouseCoopers and Kesselman & Kesselman Israel Moneytree Survey. This represents a 70 per cent increase when compared to the previous quarter and a 12 per cent increase compared to the corresponding period in the previous year.
European private equity in review: Analysing the merry-go-round
30/09/2003. Secondary buy-outs have become the defining feature of the European mergers and acquisitions landscape in the first half of 2003, according to mergermarket's European Private Equity in Review. The volume of secondary buy-outs is nearly three times the average level seen since the beginning of 2000.
Deal Drivers H1
23/09/2003. European merger and acquisition activity remained stagnant in the first half of 2003, despite the relative stabilisation of geo-political affairs and the tentative recovery of equity markets, according to Mergermarket's latest Deal Drivers report.
Private equity survey: Austria, Germany, Switzerland
23/09/2003. The majority of private equity firms in Austria, Germany and Switzerland expect some degree of market recovery by the end of 2004, according to a Deloitte & Touche private equity survey.
The human capital equation
02/09/2003. The quality of a management team has always been integral to the evaluation of a private equity investment opportunity. But tough market conditions mean that this is truer than ever before, says Jonathan Blake of SJ Berwin.
The Cinven index
13/08/2003. Almost two-thirds of European bankers expect private equity to increase its share of the European mergers and acquisitions market in the second half of 2003, according to the latest figures released by the Cinven Index.
Australian private equity confidence survey Q2 2003
05/08/2003. Venture capitalists in Australia and New Zealand are beginning to show the same optimism for the state of the economic climate as their UK and Silicon Valley counterparts. Having received a rather downbeat response in Q1, when 37 per cent of respondents expected the general economic climate to decline, VCs in Australia and New Zealand appear to have changed their views. Some 76 per cent now expect the economy to remain the same or improve, according to Deloitte & Touche's Australasian private equity confidence survey for Q2 2003.
The exit poll
22/07/2003. The private equity industry has stood up comparatively well in the face of tough economic conditions. Yet the spotlight has definitely fallen on the exit, with investors concerned about liquidity options in a hostile environment. RSM Robson Rhodes reveals the exit trends for mid-market private equity firms in 2002 compared to the year before.
IVC quarterly survey - Q2 2003
16/07/2003. The gentle recovery in the Israeli venture capital market that was evident in the first quarter of this year appears to have gained momentum. Fundraising by Israeli high-tech companies continued to increase in the second quarter of 2003, according to the quarterly survey by the IVC Research Centre.
Corpfin deals review
10/06/2003. Private equity deal statistics in the last 18 months do not make particularly optimistic reading. Corpfin Worldwide provides an overview of deal activity in Europe between January 2002 and April 2003.
3i European Enterprise Barometer
10/06/2003. Europeanprivately owned companies are increasingly pessimistic about the economic environment in which they operate according to 3i Group's European Enterprise Barometer. Five out of six surveyed regions demonstrated increased economic pessimism with the exception of a marginal upturn in Germany.
Deal Drivers: April 2003: Are your advisers giving you the edge?
04/06/2003. Private equity firms have been at the forefront of an admittedly difficult first quarter for European merger and acquisition activity. Mergermarket's Deal Drivers report provides a detailed insight into the transactions and the companies that make them happen.
MoneyTree Survey Quarter 1 2003
04/06/2003. US private equity investment continued to plummet in the first quarter of 2003 according to PricewaterhouseCooper's MoneyTree Survey. Total investments were down from $4.3bn in the fourth quarter of 2002 to $3.8bn so far this year.
European Fund Tracker: April 2003
07/05/2003. April was a busy month for fundraising, with five funds entering the fundraising trail, up three from last month. Three funds also held final closes.
IVC quarterly survey - Q1 2003
07/05/2003. The Israeli high-tech sector is showing signs of a gentle recovery as fundraising figures by companies in the sector have improved on the previous quarter. Yet they still remain some way behind those of the previous year. The IVC Research Centre provides an insight into the current Israeli venture capital landscape.
US Fund Tracker: April 2003
07/05/2003. April saw six new funds hit the fundraising trail, the largest, the WL Ross Japan Fund targeting $1bn for Japanese turnarounds.
M&A Review - April 2003
30/04/2003. In contrast to February's sharp decline in global mergers and acquisitions activity, March offered some hope to investors. Dealogic's M&A Review for March 2003 assesses the current state of the global M&A market.
Central Europe private equity confidence survey Q1 2003
23/04/2003. Central and Eastern Europe appears to be bucking the global trend of declining optimism. The private equity confidence survey conducted by Deloitte & Touche gives a detailed insight into the sentiments of venture capitalists in the region for the coming six months.
European Monthly Review
23/04/2003. Almost every area of the European corporate finance world is continuing to suffer a gradual decline. The only glimmer of hope is offered by acquisitive deals, the average value of which has shown signs of levelling out. Corpfin Worldwide's Monthly Review for April 2003 assesses European corporate finance activity.
Israel VC industry feels squeeze
16/04/2003. The Israeli venture capital industry has not been immune to the general decline felt by the global market. 2002 proved to be a troublesome year for the region with more cash handed back than was raised, according to the IVC Research Centre.
M&A Review for Central & Eastern Europe
09/04/2003. In stark contrast to almost all other markets, M&A activity in Central and Eastern Europe for the twelve-month period to February 2003 showed a healthy increase. Dealogic provides a detailed analysis of the M&A market in the region during this period.
European trends in deal types
09/04/2003. In corporate finance terms, the 1990s will be remembered for the economic recovery across the financial markets, including private equity. Corpfin Worldwide provides an overview of the rise, and subsequent fall, of various deal types across Europe since January 1993.
European Fund Tracker: March 2003
02/04/2003. March was a busy month for fundraising, with four firms holding final closings for their funds, up from only one last month. One mega-fund has also entered the fundraising trail.
US Fund Tracker: March 2003
02/04/2003. March saw two new venture funds enter the market and four final closes raising a total of $780m.
M&A Review - March 2003
31/03/2003. Private equity firms continue to play a major part in the mergers and acquisitions market. Dealogic's M&A Review for March 2003 assesses the current state of the global M&A market and outlines the involvement of private equity firms.
3i European Enterprise Barometer, Quarter 1 2003
19/03/2003. Private equity-backed companies in Europe are a little more confident about the general economic outlook than at the end of 2002, according to the latest 3i Barometer. The index, which sank to an all-time low of negative 114 in October 2002, crept up to negative 73 in January 2003.
Israel MoneyTree Survey 2002
12/03/2003. Investment by private equity firms in Israeli companies in 2002 dropped by 39 per cent from that in 2001, and in the fourth quarter the steady decline of investment activity continued, according to the Kesselman & Kesselman Pricewaterhouse Coopers MoneyTree survey. Just $200m went to Israeli companies in Q4 2002, compared to $221m in Q3 2002.
US Fund Tracker: February 2003
05/03/2003. February saw five new funds enter the market and two funds close. Two seasoned biotech investors closed funds this month, as the sector looks set to maintain its position as one of the strongest sectors in a tough fundraising environment.
European Fund Tracker: February 2003
05/03/2003. February saw a decline in activity, with only two new funds launched and one holding a final close. One of the new funds is a fund of funds while the other is venture. Both sectors faced difficulty fundraising in 2002.
M&A Review - February 2003
05/03/2003. The late 1990s witnessed a dramatic increase in small and medium-sized companies going public in an attempt to raise money. Yet the collapse of the public markets has forced these companies' managers to rethink. Dealogic's M&A Review for February 2003 discusses the rise of the public-to-private transaction and assesses the current state of the global M&A market.
Public to Privates
26/02/2003. The market for public-to-private deals is rapidly evolving as many smaller publicly quoted companies remain undervalued and feel generally failed by the market. This survey by BDO Stoy Hayward assesses the general sentiment surrounding the issue of public-to-privates.
M&A Review - 2002
05/02/2003. The past 12 months have been a struggle for those reliant on the mergers and acquisitions business. Volumes and number of bids were well down on the previous year.' So began Dealogic's M&A Review of 2001. The sentiment could equally apply to 2002, according to its yearly review.
IVC quarterly survey - Q4 2002
29/01/2003. The decrease in fundraising in the Israeli venture capital market reflects the current downward trend across the globe. During 2002, private Israeli high-tech companies raised $1.14bn from venture investors - a 43 per cent drop from the $2bn raised in 2001. This quarterly survey from the IVC Research Centre assesses the venture capital landscape in Israel in 2002.
M&A Insights - Asia Pacific
22/01/2003. Mergers and acquisitions continue to attract considerable attention, even at a time when the level of activity has been considerably curtailed. This survey by PricewaterhouseCoopers assesses the M&A sector in the Asia Pacific region.
IPO Watch Europe Q4 2002
14/01/2003. The latest quarterly PricewaterhouseCoopers IPO Watch Europe survey shows continued decline in European listings activity. The volume and value of IPOs on Europe's principal exchanges in the fourth quarter are considerably down on the same 2001 period and are flat when compared to the previous quarter of 2002.
M&A Review: December 2002
07/01/2003. Although still reeling from the overall decline in the financial markets, the M&A sector has offered investors a few reasons for optimism. Russia has recently experienced its largest privatisation, Qantas and Air New Zealand have rekindled their relationship and the energy sector is becoming increasingly attractive, according to Dealogic.
   
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