Standard Life Investments

Press Release

SL Capital Partners Q2 2017 unquote” Private Equity Barometer

08  August  2017

Broad-based strength lifts European buyouts

Preliminary figures have been released today in the Q2 2017 Private Equity Barometer, published by unquote”, Europe’s specialist private equity information provider, in association with SL Capital Partners.

Overall European Private Equity

  • In Q2 2017, overall deal volume rose by 11%, continuing the market’s rebound after a two-year decline that ended in Q1 2017
  • The combined value of European private equity backed deals jumped 50% to €42.9bn
  • The average deal value in Q2 2017 (€96.5m) was up 35% on Q1 2017 (€71.6m)
  • Deal volume was the highest since Q4 2015 while deal value was the highest for a decade

European Buyouts

  • The aggregate value of buyouts climbed 56% to €35.8bn in Q2 2017. The number of deals rose to 200, up 31 from 169 in Q1 2017
  • The net rise in dealflow was shared across each of the three deal value ranges (<€100m, €100m-€1bn, and ≥€1bn). The number of small cap (<€100m) deals grew by 18 deals and value increased by €1.2bn. Volume in the mid-range (€100m-1bn) rose to 56 deals with value increasing strongly by €6.4bn. The large cap range (≥€1bn) increased by 1 deal while value went up €5.3bn
  • Buyout volumes climbed in all regions except for the UK, where 48 deals were posted in Q2 2017, a drop of three from Q1 2017.
  • Aggregate deal value saw a similar pattern, rising in every region while the UK slowed slightly. The sharpest rise was in the Nordic region, where it jumped to €7.7bn from €1.8bn
Peter McKellar

Commenting on the figures, Peter McKellar, Head of SL Capital:

"We are seeing evidence in European private equity of strengthening activity in the regional economies. Confidence is increasing in continental Europe and private equity managers continue to find attractive opportunities. With mid-market buyout transactions leading the way, the total enterprise value and number of transactions in the quarter was the highest since late 2015. We remain hopeful of the upswing continuing."

Standard life Investment