European Private Equity Outlook 2011

More documents

Recommendations

Info

The real economy is recovering – But pre-crisis levels will not be reached in the short run Current situation > To overcome the financial crisis, European governments fueled economic growth with deficit spending – most of them issued government bonds > This inflated the volume of money in circulation and reduced the interest rate pressure – but for how long? > The European economy is highly dependent on exports – the appreciation of the euro dampened the recovery in 2010 > The high deficit might hamper growth in the long run > The high risk that individual governments – as in the case of Ireland or Greece – might default on their high debt puts the stability of the entire European financial system at high risk The European economy is starting to recover, but long-term prospects remain uncertain European Private Equity Outlook 2011_Final_010411.PPTX 12
Growth in Europe is sluggish and far behind emerging markets and China GDP change in the Eurozone [%] GDP growth of selected countries/regions [%] 3.1 2006 Source: IMF, EIU 2007 2.8 0.4 -4.1 1.7 1.0 2008 2009p 2010p 2011p 2009 2010p 2011p Global -0.6 4.8 4.2 Industrialized countries -3.5 2.5 2.1 Emerging markets 2.5 7.1 6.4 USA -2.6 2.7 2.2 Germany -4.7 3.4 1.8 Japan -5.3 3.5 1.2 Euro zone -4.1 1.7 1.5 China 9.1 10.2 9 Russia -7.9 4.0 4.0 European Private Equity Outlook 2011_Final_010411.PPTX 13
Page 1 and 2: European Private Equity Outlook 201
Page 3 and 4: While PE regains momentum after a d
Page 5 and 6: Challenges for the mid and long ter
Page 7 and 8: PE investments are gaining momentum
Page 9 and 10: M&A volumes remain low, average dea
Page 11: B. A look at the European real econ
Page 15 and 16: Public budgets are falling into dis
Page 17 and 18: Uncertainty about how the financial
Page 19 and 20: The capital market environment has
Page 21 and 22: High-yield bond market still no alt
Page 23 and 24: Current leverage levels are around
Page 25 and 26: After almost no activity in 2009, t
Page 27 and 28: D. Outlook for 2011 and beyond Situ
Page 29 and 30: SHORT-TERM TRENDS 2011 In 2011, we
Page 31 and 32: MEDIUM-TO-LONG-TERM TRENDS 2012+ In
Page 33 and 34: 2 COMEBACK OF STRATEGIC BUYERS Grea
Page 35 and 36: 4 FOCUS ON MID-SIZE DEALS Focus on
Page 37 and 38: 6 MORE DUAL TRACKS As the capital m
Page 39 and 40: 8 INCREASE IN BUSINESS MODEL INNOVA

European Private Equity Outlook 2011

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?