European Private Equity Outlook 2011
This Roland Berger study describes the marked recovery made by the private equity market and new challenges facing the industry.
The European private equity market bottomed out in 2009 and has since been noticeably gaining momentum. For example, M&A transactions already rose 52% to EUR 36 billion in 2010, a positive trend that will continue in 2011. In this context, strategists and Asian investors are becoming more active.
Transaction security in the mid-cap sector is improving thanks to better pricing and a better financing environment. In addition, more and more investors are deciding at the last moment whether to sell a company to a strategist or financial investor, or whether they should place their trust in an initial public offering (dual track exits).
Medium-term challenges will include boosting value with innovative business models for the portfolio companies, and finding solutions to upcoming refinancing problems. These are the most important findings of the study "European Private Equity Outlook 2011".