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Topic : Venture Capital & Credit Crisis
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Are VC's affected bacause of the financial meltdown?

Created by : Shesh Mani, Portfolio Manager, Blackstone Group  | 11 22 2008 01:58:08 +0000
Industry : Hedge Funds/VCs/Private EquityFunctional Area : VC funding(Entrepreneurship)
Keywords : Venture Capital Financial VC Global Meltdown Meltdown Affected VC'S BACAUSE
Activity:  397 views;  last activity : 07 06 2010 20:18:09 +0000
Are VC's affected because of the financial meltdown?
  
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Much like in the U.S., the Europe's IPO market is virtually nonexistent and the turmoil in the broader economy is keeping many corporations from acquiring venture-backed companies.Within Europe's IT industry, the data showed that just three semiconductor deals accounted for euro 48 million in funding, down 60% from the euro 119 million put into 12 similar deals during the same period. In the Web-heavy information services sector, only 16 deals were completed with euro 61 million invested, a 52% drop from the euro 126 million put into 24 deals in the third quarter of 2007. European software companies saw investment climb 24% to euro 166 million in the most recent quarter from euro 133 million in the third quarter of 2007 despite seeing the number of deals completed drop to 44 from 51.
By Milind Khaire, Portfolio Manager, IL&FS Venture Corporation  | 11 22 2008 02:01:15 +0000
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Dow Jones VentureSource Finds European IT Industry In Particular Seeing Record-Low Deal Count.

Europe's venture capital industry saw deal activity and investment slow in the third quarter of 2008 with 209 deals completed -- the second-lowest quarterly total on record -- and euro 1.18 billion invested, a 5% drop from the euro 1.24 billion invested in 245 deals during the same period last year, according to Dow Jones VentureSource (http://www.venturecapital.dowjones.com). Most notably, European information technology (IT) companies accounted for just 85 deals and euro 387 million in investment, 23% below the euro 500 million invested in 114 IT deals during the third quarter of 2007, which mark the lowest quarterly deal and investment totals for the industry since Dow Jones VentureSource began tracking European venture investment in 1999. 


By Shesh Mani, Portfolio Manager, Blackstone Group  | 11 22 2008 01:58:08 +0000
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Not the whole industry is facing problem in Europe, Business & Financial Services Up, Energy Continues to Boom

Europe's energy and utilities industry saw record investment during the third quarter with euro 192 million put into 14 deals -- euro 187 million of that capital went to 13 deals in the renewable energy sector. The largest deal of the quarter was the euro 120 million later-stage round for wind turbine maker WinWind of Helsinki, Finland.
By Deepak Tripathi, Portfolio Manager, Sun Group  | 11 22 2008 02:02:01 +0000
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 May be there will little slowdown, but it will bounce back once world economy stabilizes..
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By Vikrant Panwar, Portfolio Manager, IL&FS Venture Corporation  | 11 22 2008 02:00:18 +0000
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