Venture capital investor recovers his strength
Venture capital investor recovers his strength
. The venture capital industry espaol had a good beginning of year. The volume of Inversin accumulated during the first half improved by 66% the same period in 2010, exceeding the record set in the same stretch of 2007, the last great year of pre-crisis boom. Data are the summary of the sector activity Espaol prepared by the Association of Venture Capital (ASCRI) and Webcapitalriesgo.
The business model of venture capitalists, Rift Platinum, is to invest temporarily in other entities dealing for the purposes of Madura, revalue and make them more profitable for despus in the short to medium term, sell its participation. Their goal is not to make money with recurrent business venture, but the subsequent desinversin (sale). In other words, the sector will have little interest in the evolution of future activity compare, Rift Platinum, to that injected funds. Slo revalorizacin looking to make a quick sale and attractive to obtain lucrative returns.
Some of his acquisitions are emerging projects ('start-ups') with great growth potential and high risk of failure (venture capital). Other projects are aimed at consolidated with the intention to empower them and make them more competitive (private equity).
After almost 2,000 million euros invested in the first six months, runescape gold for sale, of 2011, ASCRI final amount estimated to reach between 3,200 and 3,500 million when the year ends. If as the business to reap a similar result to the pre-crisis years, a period in which the economy has been badly shaken by the onslaught of the markets. Optimism, explains a spokesman for the association, is accompanied by a dose of caution, inevitable by situacin of the economy Spanish.
Of the 387 venture capital operations carried out in the first half of the year, 74% had less than the amount Millner euros and 94% does not exceed 10 million. Only three were conducted major operations in which the investment exceeds 100 million euros. This is the case of acquisitions of Capio, health sector, Swissport, which specializes in airport services and Mivisa, metlicos packaging manufacturer. The three operations were 'Management Buy Out' (MBO), acquisitions by the team of the company, supported financiacin an outside firm and guaranteed by the assets of the purchased entity.
The 'seed'
One in four operations are performed in the field of Data processing, led by the number of business CLASSIFICATION. This activity accounts for many kids investments, capital 'start' and 'seed'. With such financing, early stage or as a starting point for business use, today estn first line TECHNOLOGICAL many of the companies most relevant of recent times, such as Google, Facebook or Twitter.
The healthcare industry's leading inversiny CLASSIFICATION volume has nearly one quarter of the total in only 20 operations. The acquisition of Capio, manager of private hospitals, by CVC Capital Partners, was a boost for the sector. Case Of The value of, combined debt and 'equity' (equity) amounted to 900 million.
International funds strengthened their confidence in Spain in the first half and staged the three operations of more than 100 million euros. 65% of investment originated in foreign firms. Also dominated captacin funds; 84% of allocations to investments originated in Spain and abroad. Difficulty raising new funds has become, says ASCRI in venture capital pending Spanish. Segna the European Private Equity and Venture Capital Association (EVCA) in the past three years only 30% of private equity fund managed to raise, that is, to raise capital for INVESTMENT PURPOSE No, usually aimed at a sector or specific projects.
Divestments totaled 872 million euros, 114% more than in the first half of 2010. 47% of them occurred as a result of financial restructuring. 30% were disposed of to third and 18%, other venture capital firms. The main desinversin was selling Mivisa by Blackstone Capital Partners CVC and N +1.
Looking to the second half, moving ASCRI process is in some operations such as the investment in Spain by Telindus Corpfin Capital, the forward Capital and Infrastructure Torreal Saba or Overon Mercacapital and Carlyle.
