Western European M&A deal value down by more than a quarter - Private equity value falls sharply
Manchester, UK (PRWEB UK) 30 July 2013 -- There were a total of 1,494 deals worth a combined EUR 53,715 million during July 2013, down from 1,857 transactions valued at EUR 72,457 million in June 2013. The decline was partly due to weakened private equity and venture capital activity, as the value of PE and VC deals with European targets fell by 63 per cent to EUR 4,318 million over the same period. Report here.
Germany was ranked as the number one country by value with EUR 15,519 million, although the result was 20 per cent lower than June, when EUR 19,454 million was recorded. The UK was placed second on EUR 11,107 million, again down on the previous month’s EUR 13,720 million, and the Netherlands third with EUR 10,753 million, which rose month-on-month (June 2013: 4,267 million).
PE and VC investment in Western European companies was a particular weak spot in July 2013 as both volume and value fell back over the four weeks but the decline was starkly highlighted by considerable growth recorded in June 2013 when volume rose to 237 deals and value jumped to EUR 11,587 million (May 2013: 198 transactions; EUR 6,278 million).
Lisa Wright, Zephyr director, said: “A sharp decline in PE and VC investment looks to have contributed to a fall in overall M&A activity in Western Europe this month. This has led to a continuation of the monthly peaks and troughs which have been seen since late last year and demonstrates that in spite of some promising results, a prolonged period of continuous growth still eludes the region.”
A lack of high value PE and VC dealmaking in July meant there were no transactions which broke the EUR 1,000 million-mark. The drop was more noticeable as June was a stellar month, with value rising above EUR 10,000 million for just the third time and volume at the second highest level recorded in the 12 months under review (October 2012: 247).
UK dealmaking was another weak area as the value of transactions with UK targets was 37 per cent lower over the year at EUR 11,107 million (July 2012: EUR 17,549 million) against a 6 per cent decline by volume (July 2012: 515; July 2013: 483). Although German M&A amounted to EUR 15,519 million in July, more than half which was attributable to the Telefónica/E-Plus transactions and value was down by a fifth over the four weeks (June 2013: EUR 19,454 million).
Ends
For further information, please contact:
Zephyr Editorial
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Notes to Editors:
The date range is 01/07/2013 - 28/07/2013 inclusive
Activity is based on the activity of the target company
Deal status is announced, completed, pending or unconditional
The sector breakdown uses targets' activities as defined to be ‘Major Sectors’ by Zephyr
The Western Europe region covers target companies in Andorra, Austria, Belgium, Cyprus, Denmark, Finland, France, Germany, Gibraltar, Greece, Iceland, Ireland, Italy, Liechtenstein, Luxembourg, Malta, Monaco, Netherlands, Norway, Portugal, San Marino, Spain, Sweden, Switzerland, Turkey and the United Kingdom
About Zephyr
Zephyr is an information solution containing M&A, IPO and venture capital deals and rumours with links to detailed financial company information. Zephyr covers various deal types including M&A activity, IPOs, joint ventures and private equity deals. It’s published by Bureau van Dijk (BvD). The deals on Zephyr are linked to the company financials and peer reports on BvD's product range, which includes Orbis, Amadeus and Fame, for company valuation and benchmarking.
Zephyr contains information on a million deals. Approximately 75,000 deals are added each year depending on levels of deal activity. Zephyr has no minimum deal value. All deal information is translated into English. Zephyr's UK-based researchers speak over 40 languages and use native language and English sources in their deal enquiries. http://www.zephyrdealdata.com
About Bureau van Dijk
Bureau van Dijk (BvD) is one of the world’s leading publishers of electronic business and company information. The company has 33 offices worldwide. BvD is best known for its range of international company information products that combines multiple high-quality data sources with flexible software to allow users to manipulate data for research, marketing intelligence and analysis. Products include Fame, Orbis, Amadeus, Bankscope, Isis and Osiris. BvD also publishes the global M&A database, Zephyr. http://www.bvdinfo.com
Louise Green, Bureau van Dijk, http://www.bvdinfo.com, 44 (0)20 7549 5012, [email protected]
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