Poland leads CEE in buyout and growth cap investments – EVCA report
Poland accumulated nearly half of the total investment value for the CEE in 2012 and led the region in terms of buyout and growth capital investments, according to a report by EVCA Central and Eastern Europe Task Force.
“Investment activity was concentrated in Poland (47 percent of total investment value), the Czech Republic (11 percent), Hungary (10 percent), Slovakia (10 percent) and Bulgaria (8 percent),” EVCA wrote in the report. “Poland was the largest single market for buyout and growth capital investments by value, while Hungary led the region in venture financing.”
Poland saw PE investments reach EUR 478 mln in 2012, down 30 percent compared to the previous year. Buyout investments were at EUR 291 mln, while growth investments reached EUR 144 mln in Poland between Q1-Q4 2012.
Buyout investments made up the largest part of the private equity sector in the CEE for the previous year covering 65 percent of the market, followed by growth cap investments with a 20 percent share.
The report also found that the level of private equity investment in the CEE reached EUR 1.07 bn for the whole of 2012, down by 19.2 percent y/y.
“Poland, the Czech Republic, Hungary, Slovakia and Bulgaria accounted for 86 percent of investments by value and 63 percent by number of companies,” EVCA wrote in the report. “Notably, Romania and Ukraine saw their investment amounts fall to some of the lowest levels of the past few years.”
The EVCA Central and Eastern Europe Task Force was set up in 2003. It deals specifically with developing the private equity and venture capital sector in Central and Eastern Europe.