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 />
18<br />
2 KEY ISSUES FOR PRIVATE EQUITY <strong>2012</strong><br />
Carve-outs likely to be a key source for premier PE targets in <strong>2012</strong> –<br />
Distressed deals not expected to yield attractive investment cases<br />
Overview on sources of most attractive targets in <strong>2012</strong> [%]<br />
Ranking of the most important source of attractive targets in <strong>2012</strong><br />
1<br />
2<br />
3<br />
4<br />
5<br />
Parts of groups/carve-outs 76%<br />
Majority shareholdings in<br />
family-owned companies<br />
Secondary buy-outs 50%<br />
Insolvent companies/distressed deals 48%<br />
Listed companies (taking private) 21%<br />
69%<br />
COMMENTS<br />
> Carve-outs as well as majority<br />
shareholdings of family-owned<br />
companies will be the primary<br />
sources of targets in <strong>2012</strong><br />
> Secondary buy-outs and<br />
distressed deals also remain an<br />
important source for targets<br />
> Taking listed companies private is<br />
by far the least attractive source of<br />
targets for <strong>Private</strong> <strong>Equity</strong> funds<br />
% of participants that expect high importance for the source of targets [multiple answers possible]<br />
100% =<br />
Max. value
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