NEWS - INVESTMENT
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 with an increase of 28% on the first quarter to €1.9bn, while the amount raised by growth capital funds more than doubled to €205m.
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