Surveys Archive > 2006 2006 EVCA benchmarking study 20/12/2006. Better tax and legal initiatives needed to support entrepreneurs in private equity and venture capital environment in Europe, finds the EVCA in their latest piece of research. Global venture investment breaks through the $32bn figure 13/12/2006. With $25.39bn invested after the first three quarters of the year, venture capital activity in the US, Europe, China and Israel in 2006 is poised to hit a five-year high and register the highest annual investments since 2001, according to a global year end analysis by VentureOne and Ernst & Young. This year, investment is expected to top $32bn after the fourth quarter. SCM's Fifth survey of the private equity market 07/11/2006. Private Equity posts record outperformance against listed equity, amidst strong investment and realisation activity, says SCM in their fifth survey of private equity. Exits set to increase worldwide as venture sector continues to globalise 25/10/2006. A significant increase in venture-backed exits is signaling a new phase in the evolution of the global venture capital industry, according to a report by Ernst & Young. Private equity survey: Summer 2006 27/09/2006. Franklin Park recently conducted its annual survey of private equity market participants, including institutional investors, corporate finance & venture capital fund managers, to assess their outlook on the asset class. The results of this survey, and comparisons to the responses received in a prior survey, are summarised in this paper. The European M&A Monitor 13/09/2006. Strategy outweighs cheap debt as next year’s deal driver, while the UK will dominate European M&A activity in the coming year - but Germany is the focus of greatest optimism, finds the M&A Monitor conducted for IntraLinks. SCM annual exit analysis - 2005 06/09/2006. The year 2005 saw a continuation of the high level of exit activity from the previous year, finds SCM. European distributions reached €14.5bn, a 32 per cent increase compared to the year 2004. In the US, distributions amounted to €54.6 bn indicating a stagnation on a high level as the year-on-year increase amounted to only two per cent. Overall, global private equity distributions increased by eight per cent year on year. Confidence levels of mid-market private equity investors drop on caution for valuation prospects 30/08/2006. Confidence levels and valuation expectations of mid-market VCs for the next twelve months have dipped compared to the beginning of the year, according to quarterly research carried out by Grant Thornton. Portfolio rebalancing continued in 2005 23/08/2006. The venture capital industry in the US, Europe and Israel continued its pattern of healthy consolidation over the course of 2005 with a declining number of companies hanging around in venture capitalists' portfolios over the past six years as investors made room for new companies, according to the annual Venture Insight study from Ernst & Young and Dow Jones VentureOne. Corporate sector poised to break private equity siege on M&A 16/08/2006. KPMG's Global M&A Predictor says that a window of opportunity exists in the next year for some of the world’s leading companies to execute strategic deals and push global merger and acquisition value levels well beyond the record set in 2000. Go4Venture Monthly VC Bulletin - June 2006 09/08/2006. June 2006 was again a month of sustained activity with approximately €135m being invested in the European VC sector. This is roughly in line with last year's figure, and is approximately in line with May 2006. On a cumulative basis, the Headline Transaction Index is 20 per cent ahead compared to June last year. So it's hardly a runaway market, simply healthy growth in a sector which is still recovering from the worst downturn in its (short) history. MoneyTree Survey 19/07/2006. Venture capital investing held steady at $21.7bn in 2005, holding on to 2004's gain, according to the MoneyTree Survey by PricewaterhouseCoopers, Thomson Venture Economics and the US National Venture Capital Association. Later stage dollars and first-time deals hit four-year highs, while wireless and new internet-specific fundings ramped up. Transition - Global Venture Capital Insights Report 2006 05/07/2006. The last year marked a period of transition in the global venture capital industry, says Ernst & Young, as important developments in all the major markets signaled a passage into a new venture landscape. In the mature markets of North America, Europe, and Israel, this transition was expressed in the increased globalisation of venture capital funds and venture-backed companies, changes in the regulatory landscape that have altered the operational assumptions of both funds and portfolio companies, and challenging capital markets. Industry Multiples Global Report: June 2006 21/06/2006. Intended to help GPs approximate the value of both existing and potential portfolio companies, Valmetrics' Industry Multiples Global Report gives market valuation multiples for a wide range of industries for the previous quarter. 2005 was best year for M&A since 2000 30/05/2006. On the heels of strong M&A transaction levels in 2005, 85 per cent of area investment bankers, private equity professionals, and corporate executives surveyed in the ACG/Thomson DealMaker's Survey say the current environment for mergers and acquisitions and corporate growth is good or excellent. Global Entrepreneurship Monitor 30/05/2006. Entrepreneurs in middle-income countries are beginning to catch-up to their counterparts in richer economies by tapping into technologies unavailable to them just a year ago, according to the seventh annual Global Entrepreneurship Monitor. Directed by Babson College and London Business School, the report is the largest annual measure of entrepreneurial activity worldwide, compiled by 150 scholars from 35 countries. Record cash reserves and a desire for growth will accelerate M&A in 2006 24/05/2006. Private equity and hedge funds will continue giving corporate buyers stiff competition - but concerns remain about 'ripple effect' from automotive's problems, says PricewaterhouseCoopers. The equity risk capital market for young companies in Scotland 2000-2004 18/04/2006. This is the second of Scottish Enterprise's annual studies of the risk capital market in Scotland, tracking all risk capital investments in young Scottish companies since 2000. In particular, the authors say their report demonstrates the on-going need for Scottish Enterprise intervention to work to improve the supply of finance for growing companies. Global economic outlook 2006 10/04/2006. This new study from Deloitte Research examines the various risks to the global economy and offers a point of view as to their future direction. It suggests possible scenarios with the aim of offering some useful planning premises for funds and firms that are exposed to global risks. Industry Multiples Global Report: March 2006 29/03/2006. Intended to help GPs approximate the value of both existing and potential portfolio companies, Valmetrics' Industry Multiples Global Report gives market valuation multiples for a wide range of industries for the previous quarter. Summary of Israeli high-tech company capital raising Q4 2005 and full year 2005 21/03/2006. Capital raised by Israeli high-tech companies reached $1.34bn in 2005, reports the IVC, with an 8 per cent year-to year decline due to a slow fourth quarter. Mid-Atlantic VCs forecast increase in regional investments and exits 21/03/2006. Data released by the US Mid-Atlantic Venture Association indicates growth in investment activity in 2006 with more in-region financings and liquidity events predicted. Mid-Atlantic VCs report increase in forecasted financings, exits and investment diversification 08/03/2006. Data released by the Mid-Atlantic Venture Association illustrates that term sheet competition is declining, and that VCs are experiencing new competition. Although venture capitalists invested at a moderate pace in Q3 2005, they expect their funding activity to increase, as well as the number of potential 'exits' or liquidity events from their current portfolio companies. US private equity fundraising activity surpassed 2004 in first three quarters of 2005 24/02/2006. The private equity fundraising climate remained robust in the third quarter of 2005 with forty-five venture funds raising $5.4bn and forty-five buyout and mezzanine funds fetching $16.8bn, according to Thomson Venture Economics and the US National Venture Capital Association. US M&A activity continues to drive exit market 14/02/2006. Q3 of last year saw a doubling of venture-backed IPO activity, says an NVCA and Thomson exit poll, but this was not enough to recover from a dismal first half for 2005. 2006 Fearless Forecast 31/01/2006. Global investment managers' predictions for 2006 were surveyed by Mercer Investment Consulting. In nearly every region, the majority of investment managers surveyed expect pension funds to increase allocations to alternative investments modestly, generally by less than 5 per cent. UK IPO activity returns to 2000/01 levels in 2005 09/01/2006. Another record year for AIM propels the UK's IPO numbers, says KPMG, with a healthy UK main market pipeline lined up for 2006. European IPO numbers were up by 40 per cent while the US dropped by 14 per cent.