Private equity investment across Europe fell by 65% to €8.5bn in H1 compared with the second half of last year, according to the European Private Equity & Venture Capital Association (EVCA).
According to EVCA figures, in the second quarter of 2009 the number of companies receiving private equity investment fell by 8% compared with the first three months of the year, while the amount invested during this period fell 16% to €3.9bn. Buyout investments fell 14% to €1.6bn in Q2, growth capital fell by nearly half to €622m and venture capital fell by a quarter to €728m. EVCA says the average investment size per company decreased by 8%, which suggests falling entry valuations. However, fundraising increased by 18% in the second quarter to €3.2bn. Buyout funds led the gains wi...
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