Total value of European private equity-backed transactions in the final quarter of 2008 dropped to €8 billion, a 59% decline from Q3. It is also the lowest quarterly value since Q2 1997.
Q4 was merely the cherry on top of a very sour cake that was 2008 as final year figures for the total private equity market in Europe showed a remarkable drop in value, with 2008’s total of €87 billion representing a near 59% decline against the record total of €198 billion in deals seen in ’07.
The barometer shows that buyout values in the quarter fell further, by 61%, which also happens to be how far European buyout values plummeted for the full year to a grand total of €73 billion.
Here’s the barometer to read: