Many thanks to Riverside’s Pablo Fuente for sending over their 2008 annual review. Worldwide they completed 31 transactions out of the 4,381 deals they saw. In Europe they actually saw an increase in completed deals in 2008 versus 2007 (11 vs. 4), which shows that there is still a good deal flow in the lower markets here. Also, to some extent it can be attributed to the firm seemingly being everywhere. Arguably the only truly global player in investing in SME’s, Riverside has established a model of doing business where they can harness global knowledge to react locally. This probably has some root in the beginnings of the company when it was established simultaneously in Cleveland and New York.
That being said, I’d be curious to know how evenly divided the 11 transactions were over the course of the year, and also how the deal flow is holding up in early 2009.