Press Releases

2018/07/20

The German equity capital market is taking the upswing of the first quarter with it and reaches a new business climate record in early summer: The business climate index of the German Private Equity Barometer rises by 10.4 points to 77.1 balance points in the second quarter of 2018. Both the business situation and business expectations are at record levels. The indicator for the current business situation rises to 79.6 balance points (+8.4), the indicator for business expectations to 74.5 balance points (+12.4). The business climate is boosted by the development of demand for equity capital: the quantity and quality of the deal flow of the equity capital investors is increasing significantly. The indicator for the level of demand thereby exceeds its previous best value from summer 2011 and the quality indicator remains only slightly below its previous high. By contrast, there are signs of a turnaround in the fundraising climate and exit environment. Both sub-indicators continue...

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2018/06/13

New location, new concept - the Federal Association of German Equity Investment Companies (BVK) broke new ground with its 19th German Equity Day, which took place in Berlin on 14 July. After seven years of taking place at the Jewish Museum, the annual conference moved to Deutsche Telekom's representative office in the German capital and offered a wide-ranging program on several stages. Opening Speaker René Obermann, Board Member of the Internet Economy Foundation and Managing Director at Warburg Pincus, started the conference day by answering the question of whether digital Europe is more tech leader or Disneyland. He also presented the new venture capital study at the annual conference entitled "Fuel Venture Capital - How we fuel innovation and growth". Together with the Internet Economy Foundation and Roland Berger, the BVK examined the role of venture capital for the German and European market and proposed recommendations for action. Obermann stressed: "In Germany there are a...

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2018/06/13

Munich/Berlin, 14.06.2018 There is a lack of venture capital (VC) in Germany, especially in the growth phase of newly founded companies. As a result, the necessary capital  to establish successful companies from innovative business models is lacking. In view of the international competition between technology locations, this lack weakens the innovative power of the European economy and hinders sustainable growth. The new study "Fuel Venture Capital: How we fuel innovation and growth" by Roland Berger, the Internet Economy Foundation (IE.F) and the Bundesverband Deutscher Kapitalbeteiligungsgesellschaften e.V. (Association of German Private Equity Firms). (BVK) analyses existing investment barriers to venture capital and explains how these can be overcome.  "There are several vicious circles that we must break in order to stop a downward spiral from lack of capital and migration tendencies of start-ups outside Europe," says BVK board spokeswoman Dr. Regina Hodits. "Solutions...

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2018/05/15

German Private Equity Barometer rises in Q1 2018 Early phase: Business expectations clearly lag behind business situation Late phase: Dissatisfaction with initial ratings remains low The mood is very good on the German equity market at the beginning of the year. The business climate index of the German Private Equity Barometer rose by 2.4 points to 66.7 balance points in the first quarter of 2018. The indicator for the current business situation rises to 71.2 balance points (+2.1 points), the indicator for business expectations to 62.1 balance points (+2.5 points). The valuations of the level and quality of the deal flow as well as the exit and funding environment are changing only marginally. The fundraising and innovation climate is declining slightly, but is maintaining its upward trend. The business climate in the early phase segment cooled off slightly again at the beginning of the year. The corresponding indicator fell by 3.3 points to 63.0 balance...

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2018/05/03

In 2017, the Mittelständische Beteiligungsgesellschaften (MBG'en) invested € 151 million in medium-sized companies. "In addition to these investments made from its own balance sheet, MBG'en pledged a further €31 million through programs that it manages as a business manager," emphasizes Peter Pauli, Managing Director of BayBG Bayerische Beteiligungsgesellschaft and member of the BVK Board. The 15 medium-sized investment companies organised in the German Private Equity and Venture Capital Association (BVK) have thus underlined their role as important equity partners for small and medium-sized enterprises (SMEs). The medium-sized investment companies are among the most active investment companies in Germany. With the € 151 million provided by the company itself, 487 investments were acquired (2016: € 185 million, 578 investments). They also support companies with various regional investment funds and the micromezzanine programme of the Federal Ministry of Economics, from which...

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2018/03/05

“The German private equity market reported a record year in 2017. A total of €11.3 billion was invested in some 1,100 companies by private equity firms last year,” said Joachim von Ribbentrop, Board spokesperson for the German Private Equity and Venture Capital Association (BVK), at a press conference on the preliminary statistics published today on the German private equity market in 2017. The investment volume therefore exceeded the previous year’s level (€6.77 billion) by two-thirds. “Investments in the buyout segment in particular rose sharply year on year, although one-off effects also contributed to this,” Ribbentrop continued. “Irrespective of this record result, the private equity sector has once again demonstrated its significance as a key driver of growth in start-ups and SMEs. More than 5,000 companies in Germany are currently financed with private equity, and nine in ten of these companies have less than 500 employees,” said Ribbentrop. Surge in buyout...

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2017/10/13

BVK: Private equity market on course for a new record year “At a figure of €7.3 billion, private equity firms have invested more in Germany than ever before in a six-month period. The German market is therefore well on course to set a new investment record this year”, according to Ulrike Hinrichs, Executive Member of the Board of the German Private Equity and Venture Capital Association (BVK) at today’s presentation of the market figures for the first semester of 2017. 602 companies received financing, the same level as in the same six-month period last year. “A new record level in large majority takeovers made a significant contribution to this result. But in the venture capital segment and in minority holdings, too, investment is well on track”, says Peter Pauli, Member of the BVK Board and Managing Director of BayBG Bayerische Beteiligungsgesellschaft, which is where the latest market figures were presented at a press briefing. Lively buyout market Already in...

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2017/08/04

Institutional investors in Germany are highly satisfied with their involvement in private equity, have recently expanded their investments in the sector, and are planning to increase their commitments in the future. These are results of a survey conducted by the German Private Equity and Venture Capital Association (BVK) among German institutional investors and family offices. 45 institutions participated in the survey and, among other things, provided insight into the scope and the reasons for their involvement in theasset class, as well as into the investment strategies pursued. Collectively, the investors surveyed manage more than € 1,200 billion in total investment capital. The majority of those who participated in the survey are insurance companies and pension fund institutions. In addition, family offices, private equity fund of funds, banks, foundations and enterprises also participated. “Nine out of ten investors cited the expected return opportunities and the...

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2017/02/27

"During uncertain times the German private equity market has proven itself to be an anchor of stability and has solidified its important financing function, in particular among startups. Last year a total of €5.7 billion was invested in approximately 1,000 companies", according to Joachim von Ribbentrop, spokesman for the Executive Board of the German Private Equity and Venture Capital Association (Bundesverbandes Deutscher Kapitalbeteiligungsgesellschaften [BVK]) at the press conference held in relation to statistics published today for the German private equity market in 2016. A drop in volume of 14% was registered vis-à-vis the previous year. In 2015, private equity firms in Germany had invested €6.6 billion. Since 2011, private equity investment activity has, however, oscillated on balance at a stable level of between €5.1 billion (2013) and €7.1 billion (2014). "Even though major majority takeovers have a decisive influence on market growth, last year once again...

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2016/03/02

“With investments of EUR 5.3 billion in some 1,200 companies, private equity firms once again underlined their vital role in financing in 2015”, said Wilken von Hodenberg, spokesman of the board of Bundesverband Deutscher Kapitalbeteiligungsgesellschaften (German Private Equity and Venture Capital Association − BVK) at a press conference on the 2015 preliminary statistics for the German private equity market, which were published today. “Investments may have fallen 25% short on last year’s record-breaking figures, but they did exceed 2013 levels.” Investments in 2014 stood at EUR 7.1 billion, the highest level since 2008, while a total of EUR 5.1 billion was invested in 2013. The sale of perfumery chain Douglas was one of the outstanding deals in 2015. The company was sold to CVC and is planning to develop into a global brand together with its new partner. Alongside the Douglas sale, Synlab and Sivantos were two other transactions of note, but investing activities failed to...

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