European PE Deal Flow Declines for Third Straight Quarter
May 28, 2014
Despite all the talk about Europe becoming a "playground" for PE investors, deal flow has declined for three straight quarters, culminating in a multi-quarter low of 532 deals in 1Q 2014. That's 34% down from the 802 deals completed in 2Q 2013, the last quarter that saw an increase in deal flow on the continent, according to PitchBook's 2Q 2014 European PE Breakdown. Capital invested is down a bit, as well; investors funneled €37 billion into Europe-based companies in the first quarter, slightly more than in 4Q 2013 but a ways off the €58.5 billion invested in 3Q 2013.
The report also includes a look at recent trends for VC financings in Europe over the past several quarters, as well as a regional breakdown, exit and fundraising numbers, and league tables for the most active investors, lenders and law firms in the first quarter. To download the report, click here.