European Private Equity Outlook 2012 (PDF, 1293 ... - Roland Berger
European Private Equity Outlook 2012 (PDF, 1293 ... - Roland Berger
European Private Equity Outlook 2012 (PDF, 1293 ... - Roland Berger
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Source: <strong>Roland</strong> <strong>Berger</strong><br />
<strong>European</strong>_<strong>Private</strong>_<strong>Equity</strong>_<strong>Outlook</strong>_<strong>2012</strong>_final.pptx<br />
15<br />
1 DEVELOPMENT OF PE M&A MARKET<br />
38% of respondents expect the financing environment to be the<br />
most relevant factor for pricing of M&A deals<br />
Relevance of factors for pricing of M&A deals in <strong>2012</strong> [%]<br />
Ranking of factors: high relevance for pricing of M&A deals in <strong>2012</strong><br />
1<br />
2<br />
3<br />
4<br />
5<br />
Financing environment<br />
Target's market positioning<br />
Competition among <strong>European</strong> PE<br />
Competition from <strong>European</strong> strategic<br />
investors with <strong>European</strong> PE<br />
Historical purchase price upon entry<br />
38%<br />
25%<br />
10%<br />
8%<br />
7%<br />
COMMENTS<br />
> The current financing environment<br />
as well as the target's market<br />
position are the primary factors for<br />
determining pricing of M&A deals<br />
in 212<br />
> Competition among <strong>European</strong> PE,<br />
strategic investors – also from<br />
Asia – is not considered to be that<br />
important<br />
6<br />
Competition from Asian strategic<br />
investors with <strong>European</strong> PE<br />
7%<br />
% of participants that rank factor with high relevance [multiple answers ]
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