Previous Page
contents
3 INSIDE THIS ISSUE...
Editor’s Note.............................................................................................3 NEWS
Mergers & Acquisitions/Investments/Exits/Early Stage/Turnaround........4 MOVES
..................................................................................................................7 LEAD ARTICLES
Private Equity expansion in the Far East..................................................9 Bridgepoint............................................................................................10
IpO AND M&A ACTIVITY Colin NG & Partners LLP .......................................................................12 ANALYSIS
Charles Schwab .....................................................................................13 Envestors...............................................................................................14 Crescent Capital.....................................................................................15 JLA Ventures/Blackberry Partners Fund...............................................16
FUNDS
Waterland PEI B.V. .................................................................................18 Creathor Venture ...................................................................................18 KKR Asset Management ........................................................................18 Steadfast ...............................................................................................19 Riverside................................................................................................19
TRANSACTION REpORTING The latest corporate transactions from around the world....................21
EDITOR’S NOTE
According to the National Venture Capital Association venture capital investment has risen 19% in Q2 2011 to $7.5 billion in 966 deals.
The European Venture Capital Association recently reported that fundraising increased further in the second quarter of 2011, up 52% on Q1 2011, however venture capital investment decreased by 11%, despite a 14% increase in early-stage investment and sales to other PE firms went up by 44%.
Investment value went up by 18% from the previous quarter buyout investment (including replacement capital and rescue/turnaround) increased by a quarter from Q1 2011, to €8bn.
In the US, the quarterly investment level represents the highest total in a single quarter since the second quarter of 2008. The deal count for the first half of 2011 (1,780 deals) is nearly identical to that seen in the first half of 2010 (1,784 deals) while the $13.8 billion invested in the first half of 2011 represented a 12 percent increase over the $12.3 billion invested in the first half of 2010. "This quarter's increased investment levels signals an incredible opportunity for job creation and innovation, but if current dynamics continue, it will not be sustainable,” said Mark Heesen, president of the NVCA.
In terms of dollars invested the software industry received the highest level of funding for all industries with $1.5 billion invested during the second quarter of 2011 followed by biotechnology. Investment in Internet-specific companies surged in the second quarter with $2.3 billion going into 275 companies. This level of investment represents a 72 percent increase in dollars and a 46 percent increase in deals from the first quarter when $1.4 billion went into 189 deals.
pUbLISHER Parity Media Limited
EDITOR
Claire Higgins claire.higgins@finance-monthly.com
pRODUCTION Emma Tansey production@finance-monthly.com
SUbSCRIpTION DETAIL
The Subscription rates for a printed copy of Finance Monthly for one year (12 issues including postage) are: UK £240.00
Overseas Airmail €390 to EU £270 to rest of Europe £590 to the rest of the world
Available on general subscription: subscriptions@finance-monthly.com
FINANCE MONTHLY Copyr ight 2009 by Parity Media Limited
Finance Monthly is published by Parity Media Limited and is available on general subscription.
Circulation details can be found at www.finance-monthly.com
The views expressed in the articles within Finance Monthly are the contributors own, nothing within the announcements or articles should be construed as a profit forecast. All rights reserved. Material contained within this publication is not to be reproduced in whole or part without the prior permission of Parity Media Limited
OCTOBER 2011