Recovering lost ground
Article Abstract:
The French management buyout market started to recover in 1994 after a recession which had lasted since 1991. The number of deals completed grew to 116 in 1994, with the value of the deals rising by 20% to 1.1 billion pounds sterling. Divestments accounted for 46% of deals, receivership buyouts for 7.3% and privatisations for 2.1%. The proportion of deals relating to family businesses fell to under half in 1994. Family-succession deals have traditionally driven the French buyout market, but there is expected to be a move towards divestment buyouts as large groups refocus.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1995
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The search for growth
Article Abstract:
France's buyout market is expected to grow in 1997, partly because buyouts represented one of the top investments in the country during 1978-1994 with internal return rates of over 35%. French venture capital companies invested nearly 25% less in 1995, although values and deal numbers grew again in 1996. Buyouts accounted for 40% of venture capital investments in 1995, with family businesses accounting for nearly 66% of buyouts in 1995 compared with 45% in 1994. There were no completed privatisation buyouts in 1995.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1997
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The search for growth
Article Abstract:
In France in 1995, some 2.2 billion French Francs was invested in buy-outs, representing 40% of total venture capital investment. The total number of venture capital investments fell significantly. The number of buy-outs declined 15% to 206, however, the sector still managed to increase its volume market share to 20%. An overview of the French buyout market is given, including details of exits and predictions.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1996
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