European Private Equity-Backed Buyout Deals for August 2011

by Kouji Sonobe

  • 31 Aug 2011
  • PE

As the Economic Sentiment Index drops for the second consecutive month* European private equity-backed buyout deals looks set for a slowdown after three quarters of steady growth. For the quarter to date there have been 147 buyout deals with an aggregate value of EUR 11.62 billion announced, slightly over half the EUR 22.43 billion in deals announced in Q2 2011.

When reviewing the deals announced in the past couple of months there has been a significant drop in the number and aggregate value of deals announced in August - only 53 deals with an aggregate value of EUR 4.26 billion have been announced. In comparison, July saw 94 deals with an aggregate value of EUR 7.35 billion announced, meaning there has been a decrease of almost 50% in dealflow in Europe for the past thirty days.

Notable deals announced in the past month include the GBP 1 billion acquisition of a 51% stake in Virgin Active by CVC Capital Partners; the acquisition of a 44% stake in Russian retailer Lenta by a consortium of investors including TPG, VTB Capital and the ERBD for USD 1.1 billion; and the EUR 400 million acquisition of RAET by CVC Capital Partners.


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