Blog

Private Equity Exit Activity in Q2 2011

by Kouji Sonobe

  • 27 May 2011
  • PE

Preqin’s Deals Analyst data shows that the number and value of PE-backed exits has reached record levels, with 201 exits with an aggregate value of $85bn being announced in Q2 2011 to date. In comparison to second quarter last year, the aggregate value of exits has already seen over a 50% increase. The current figure also edges out the previous record level of exits of $81.3bn reached during the whole of Q4 2010.

North American exits currently stand at $23.7bn for the quarter to date, in-line with the previous figures recorded for Q4 2010 and Q1 2011. European exits have reached record levels: 82 exits with an aggregate value of $57.9bn have been announced so far, doubling the previous record level set back in the fourth quarter of 2006. $3.4bn worth of PE-backed exits in Asia and Rest of World have been announced so far this quarter, indicating that they are likely to match the previous quarter’s figure of $5.2bn.

The largest PE-backed exit announced in Q2 2011 to date is the acquisition of Nycomed by Takeda Pharmaceutical Company for €9.6bn. The sellers include Nordic Capital, DLJ Merchant Banking Partners (Credit Suisse) and Avista Capital Partners. Other notable PE-backed exits include the sale of Skype Global S.à.r.l. by the investor consortium by Silver Lake, CPP Investment Board, Andreessen Horowitz and Index Ventures to Microsoft Corporation for $8.5bn in cash, and the £6.8bn IPO of First Reserve-backed Glencore.

For more information on Q2 2011 exit activity, please see our May 2011 Private Equity Exits Press Release.

Continue browsing industry reports, publications, conferences, blogs and more on Preqin Insights