The German Private Equity and Venture Capital Market in … · The German Private Equity and...
Transcript of The German Private Equity and Venture Capital Market in … · The German Private Equity and...
The German Private Equity
and Venture Capital Market in 2015
Bundesverband Deutscher Kapitalbeteiligungsgesellschaften –
German Private Equity and Venture Capital Association (BVK)
Seite 2
Statistics 2015 - Selected Market Figures
For more detailled information
please see the full statistics report at www.bvkap.de
Facts about private equity in the German economy
Private Equity in Germany
Ca. 5,000portfolio
companies
900,000employees in
portfoliocompanies
p. 3
Source: BVK statistics
>1,000companiesfunded p.a.
250 privateequity firms
€ 31bninvested
2011-2015
€ 171bn sales ofportfolio
companies
€ 5.3bninvested in
2015
1.359
1.291 1.288 1.3221.396
1.254
1000
1200
1400
5.500
6.500
7.500
8.500
Investments in Germany (I)
Investments could not reach 2014 record level
p. 4
4.895
6.667 6.626
5.055
7.133
5.343
0
200
400
600
800
-500
500
1.500
2.500
3.500
4.500
5.500
2010 2011 2012 2013 2014 2015
Investment (€m) Funded companies
Source: BVK statistics/PEREP Analytics, 2015 preliminery. Data as per February 2016.Data are continously updated and subject to change. Market statistics = Investments in Germany by German and foreign private equity firms.
Investments in Germany (II)
Half-year investments 2015
p. 5
Source: BVK statistics/PEREP Analytics, 2015 preliminery. Data as per February 2016.Data are continously updated and subject to change. Market statistics = Investments in Germany by German and foreign private equity firms.
2.533 2.362
3.420 3.247
2.049
4.577
2.038
3.0172.713
4.420
2.9072.436
H1 10 H2 10 H1 11 H2 11 H1 12 H2 12 H1 13 H2 13 H1 14 H2 14 H1 15 H2 15
Investments (€m)
Investments in Germany (II)
By investment stages in 2015
Replace-ment/Turn-
around2%
Buy-Outs8%
VentureCapital15%
Growth13%
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VentureCapital58%
Growth32%
13%
Replace-ment/Turn-
around1%
Buy-Outs71%
Investmentamount:€5.343 m
Fundedcompanies:
1.254
Source: BVK statistics/PEREP Analytics, 2015 preliminery. Data as per February 2016.Data are continously updated and subject to change. Market statistics = Investments in Germany by German and foreign private equity firms.
€ 10-<50m12%
€50-<100m
6%
€ 100+m6%
100-1997%
200-4995%
500+4%
Funded Companies by Size
Private equity in Germany is focused on small and mid-sized companies.
p. 7
€ 0-<1m56%
€ 1-<10m20%
12%
0-957%
10-1910%
20-9917%
Source: BVK statistics/PEREP Analytics, 2015 preliminery. Data as per February 2016.Data are continously updated and subject to change. Market statistics = Investments in Germany by German and foreign private equity firms.Only companies with known sales (250) and number of employees (934) were considered.
By employees By sales
Investments by States
Bavaria and Northrine-Westfalia in the lead
1.6171.495
p. 8
Source: BVK statistics/PEREP Analytics, 2015 preliminery. Data as per February 2016.Data are continously updated and subject to change. Market statistics = Investments in Germany by German and foreign private equity firms.
563425 412
141 136 117 112 63 62 35 33 25 2 1
Investments (€m)
Buyouts- an Growth Investments
2010: € 4.166m,401 companies
2011: € 5.950m,410 companies
2012: € 6.059m,515 companies
2013: € 4.338m,588 companies
2014: € 6.462m,646 companies
2015: € 4.562,8m,535 companies
p. 9
Source: BVK statistics/PEREP Analytics, 2015 preliminery. Data as per February 2016.Data are continously updated and subject to change. Market statistics = Investments in Germany by German and foreign private equity firms.
667 576 712351
720 679
258 298 8179
142 85
3.241
5.075 5.266
3.908
5.599
3.799
2010 2011 2012 2013 2014 2015
Growth (€m) Replacement Capital / Turnaround (€m) Buyouts (€m)
Venture Capital Investments (I)
2010: € 729m,966 companies
2011: € 717m,884 companies
2012: € 567m,780 companies
2013: € 716m,740 companies
2014: € 671m,758 companies
2015: € 780m,724 companies
329
p. 10
Source: BVK statistics/PEREP Analytics, 2015 preliminery. Data as per February 2016.Data are continously updated and subject to change. Market statistics = Investments in Germany by German and foreign private equity firms.
4842 32 42 31 40
387 400335
385 391411
294 276
201
290249
329
2010 2011 2012 2013 2014 2015
Seed (€m) Start-up (€m) Later Stage-Venture Capital (€m)
Venture Capital Investments (II)
Berlin and Bavaria are dominating
p. 11
Source: BVK statistics/PEREP Analytics, 2015 preliminery. Data as per February 2016.Data are continously updated and subject to change. Market statistics = Investments in Germany by German and foreign private equity firms.
Investments 2015 (€m) Investments 2014 (€m)
Fundraising
2.561
3.303
2.779
Growth21%
p. 12
Source: BVK statistics/PEREP Analytics, 2015 preliminery. Data as per February 2016.Data are continously updated and subject to change. Market statistics = Investments in Germany by German and foreign private equity firms.
2.561
1.191 1.217
1.974
1.329 1.332
2008 2009 2010 2011 2012 2013 2014 2015
Fundraising (€m)
VentureCapital57%
Buy-Out12%
Genera-listen10%
Fundraising2015 by
fund focus
Divestments
815
2.709
954
1.432
857
334
5.336
3.877
6.168
7.480
4.681
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Source: BVK statistics/PEREP Analytics, 2015 preliminery. Data as per February 2016.Data are continously updated and subject to change. Market statistics = Investments in Germany by German and foreign private equity firms.
731
1.921
8611.473 1.560
1.040
534
760
917
875 8711.150899
1.260
1.213
1.573 1.4821.639
439
442
426
815518
633
461
334
2010 2011 2012 2013 2014 2015
Trade Sales (€m) IPO/Sale of quoted Equity (€m)
Sale to other PE Houses or Financial Institutions (€m) Other Means (€m)
Divestments by Write-offs (€m)
3.237
3.877
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The German Market in Europe
For more detailled information
please see the European reports at www.investeurope.eu
Germany in Europe: Private Equity (I)
Private Equity Investments 2013/2014 in selected European Countries
p. 15
UK France Germany Netherlands Norway Italy Spain Sweden Denmark Belgium Switzerland
Investments 2014 (€m) Investments 2013 (€m)
Source: EVCA Statistics/PEREP Analytics
Figures for 2015 are not available.
0,59
0,49 0,48
0,430,39
0,350,33
Germany in Europe: Private Equity (II)
Private Equity investments (2014) in Relation to national GDP in %
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0,33
0,28 0,270,25 0,24
0,190,18
0,16 0,15 0,15 0,140,11
0,090,060,06 0,05
0,00
Source: EVCA Statistics/PEREP Analytics
Figures for 2015 are not available.
Germany in Europe: Venture Capital (I)
Venture Capital Investments 2013/2014 in selected European Countries
p. 17
Venture capital investments (€m) 2014 Venture capital investments (€m) 2013
Source: EVCA Statistics/PEREP Analytics
Figures for 2015 are not available.
Germany in Europe: Venture Capital (II)
Venture Capital Investments 2013/2014 in selected European Countriesin Relation to national GDP
p. 18
Source: EVCA Statistics/PEREP Analytics
Figures for 2015 not available.