T H O M S O N F I N A N C I A L Trends in Private Equity Performance IFR Financing Leveraged Buyouts Conference London 2 nd November 2006 David Bernard.

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Presentation transcript:

T H O M S O N F I N A N C I A L Trends in Private Equity Performance IFR Financing Leveraged Buyouts Conference London 2 nd November 2006 David Bernard Thomson Financial

T H O M S O N F I N A N C I A L 1 European Private Equity Fund Raising Source: Thomson Financial / EVCA / PwC billion

T H O M S O N F I N A N C I A L 2 Investment Banking Fees Paid by PE Firms in Europe $m Source: Thomson Financial / Freeman & Co

T H O M S O N F I N A N C I A L 3 Net IRRs Since Inception of All Funds at Each Year End Source: Thomson Financial / EVCA / NVCA

T H O M S O N F I N A N C I A L 4 Net IRRs as of 30-June-2006 by Fund Size Source: Thomson Financial / EVCA / NVCA

T H O M S O N F I N A N C I A L 5 Distribution of Net IRRs as of 30-June-2006 for European Buyout Funds Source: Thomson Financial / EVCA Median 7.1% Pooled Average 13.1% Top Quartile 16.8%

T H O M S O N F I N A N C I A L 6 Net IRRs by Vintage Year as of 30-June-2006 Source: Thomson Financial / EVCA / NVCA

T H O M S O N F I N A N C I A L 7 European Buyout Funds - Realised and Unrealised Multiples Source: Thomson Financial / EVCA Vintage 1993Vintage 1999Vintage 2002Vintage 2005Vintage 1996 Net Distributions / Paid-In Capital Net Residual Value / Paid-In Capital

T H O M S O N F I N A N C I A L 8 Time-Weighted Returns Source: Thomson Financial / EVCA / NVCA * Quarterly figures are not annualised