Wednesday 14th May 2008

	Print
	Email
	Text size
	Comment

European VC rebounds as US declines

Disclosed venture capital (VC) investment in European companies totalled €1.4 billion (£1.1 billion) in the first quarter of 2008, rebounding from a weak fourth quarter. The data suggests that European VC investment is holding up better than in the US, claims research institute Library House, which compiled the data.

Investment in Europe declined just 2.5 per cent on the same period last year, according to Library House figures. In the US the decline was nearly five per cent, to US$7.1 billion (£3.7 billion), according to PricewaterhouseCoopers.

John Owen, CEO of Library House, comments: ‘It is very encouraging to see Europe rebound in the first quarter of 2008 in terms of investment. With the US in decline it illustrates the strength of Europe and our portfolio companies.’

However, the number of European deals in the first quarter of this year declined by nearly 15 per cent on the same period last year, to 410, while deal numbers in the US increased seven per cent to 922.

In Europe, cleantech investment cooled off in the first quarter, with the amount VCs invested in the sector halving to €122 million compared with the fourth quarter of 2007.

Investment figures for the first quarter of 2008 may be adjusted as more deals are disclosed.

There are currently no comments on this post.

Related Articles

• Mining technology play in IPO
• Ipanema raises $7 million from Noble
• Fidelity backs £33 million buy-out
• Portuguese group buys salad supplier
  
• Biofuel business secures £1.75 million

People who read this article also read ...

• PLUS ‘grows market share’
• Record first quarter for buy-outs
• PLUS trading tops £3 billion
• M&A activity down 15 per cent
• VCT fundraising better than expected

Related sections

Interesting links

• The AIM Guide 2008 - the Spring guide of every AIM listed company
• Cash Shells on AIM provides a comprehensive overview of cash shells on AIM, companies that have become a significant feature on the AIM landscape.
• New Issues on AIM 2007/08 research report - find out which international companies have floated and which sectors are dominating
• Businessxl magazine for entrepreneurs of fast-growth companies
• Corporate Hospitality Packages - ViewLondon.co.uk corporate hospitality packages cover rugby, music concerts, festivals, tennis matches and many more.
• VCT special research report - an in-depth analysis of the VCT sector
• Middle East and Beyond on AIM 2008 - a closer look into AIM companies from the Middle East and surrounding regions
• Spotlight on AIM 2008 research report – find out the best and worst performing stocks of last year
• Director's Salaries on AIM 2007 research report - a detailed look at directors' average remuneration
• FT Guide to Personal Tax - advice to completing your tax return
• MandAdeals.co.uk - covering latest mergers and acquisitions
• Aimguide.co.uk - guide to the Alternative Investment market