CMBOR H1 2014 data: IPO market remains open for private equity firms in Europe
The Centre for Management Buy-Out Research (CMBOR) has today released its data for H1 2014 providing a detailed overview of the European private equity market. Sponsored by Equistone Partners Europe Limited and Ernst & Young, the research highlights how the IPO market has remained open for exits with the first six months of the year being the busiest period for private equity exits by IPO since 1998.
Boosted by the revival in the capital markets, the total value of European exits in H1 2014 have totalled €52.8bn – well over double the value of new buyouts (€23.7bn), and an increase of 63% on the same period last year (H1 2013: €32.3bn).
With floatations being the preferred route of exit, the secondary buyout market has shrunk to its lowest level since 2009 with just €8.8bn worth of exits completed in the first six months of 2014 – down 25% on H1 2013 (€11.8) as private equity houses struggle to compete with IPO valuations
I have included below and attached a press release providing a full overview of the data and would be happy to provide any further data available should you have any specific requests.