The transactions carried out in January-August include, among others, the acquisition of courier firm Urgent Curier by Cargus, through private equity fund Abris Capital, the acquisition of fitness center network World Class by Resource Partners, of Ceramica Iasi by ADM Capital, of Tjobs by EarlyBird and of Blue Coffee by La Fantana, through Innova.
According to E&Y, on the European market, 2014 is expected to be a strong year for exits (the sale of shares held by private equity funds in companies). Initial public offerings (IPOs) and secondary buyout-type transactions (sale-purchase transactions concluded between financial investors) will continue to represent solid exit ways.
The improving conditions needed to attract financing will represent a support for new investments which are expected to reach the pre-crisis levels. Portfolio investors will continue to be attracted by the long-term performance registered by private equity funds and will intensify the level of active acquisitions.
The survey EY – Taking stock: how do private equity investors create value? A study of 2013 European exits – analyzes the results and types of exits operated between 2005 and 2013 by 604 large European companies under the control of private equity funds.