Ct Healthmarket via BizWire
07-15-2003, 06:20 AM
BvD's Latest M&A Synopsis Indicates a Two-Speed Market: One High Value, the Other High Volume
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NEW YORK--(BUSINESS WIRE)--July 15, 2003--Venture capital
investment in Europe and North America has risen in the last four
consecutive quarters, from EUR 29 billion in the third quarter of 2002
to EUR 45 billion in the second quarter of 2003, according to Bureau
van Dijk (BvD), a leading electronic publisher of global business
information.
Figures published in BvD's quarterly M&A Synopsis, which uses
figures from the M&A research tool, ZEPHYR, suggest that this increase
in investment value is the direct inverse of levels in M&A activity,
where deal volume is high but deal value low.
The last quarter saw seven venture capital deals with values of
over EUR 1 billion although deal numbers are still low compared to
2000. Conversely, M&A deal numbers look set to overtake records set in
2000 but deal values are lagging behind.
Ed Mountifield, head of research at Zephus, the information
provider for ZEPHYR, explains this incongruity is symptomatic of a
flatter economic phase: "For venture capitalists the current
circumstances for investment offer excellent potential. Money is cheap
to borrow and there are numerous under-valued targets available for
acquisition that can offer a good return at exit. As confidence levels
are low, and debt high, corporate managers are focusing on their
financial performances and shareholders, and less able to take
advantage of more innovative opportunities."
The M&A Synopsis is available free of charge and is available at
http://zephyr.bvdep.com. Free trials of ZEPHYR can be arranged at the
same address or by calling 212-797-3550.
Notes for journalists
Data and analysis in the M&A Synopsis are free to use in our
publication. Zephus also provides a free, ad hoc research service
available at your request. To receive the M&A synopsis via PDF each
quarter, contact Suzanne Clare.
About BvD
Bureau van Dijk Electronic Publishing (BvD) (http://www.bvdep.com)
is a leading publisher of electronic business information. BvD is best
known for its business information solutions that combine hard to
find, global company data with intuitive software. Products include
OSIRIS, AMADEUS, ISIS and BANKSCOPE.
About Zephus
Zephus Ltd is a wholly owned subsidiary of BvD. The company was
formed after the acquisition of the Zephus division from Regional
Independent Media in April 2002. Zephus is located in Manchester,
England and employs 30 staff, 29 of which are dedicated to the
collection of global mergers, acquisitions, private equity and venture
capital deal information.
About ZEPHYR
ZEPHYR contains merger and acquisition data including IPO and
venture capital deals with links to the detailed company reports on
BvD's company information products. ZEPHYR incorporates a quick deal
search, an expert search and analysis module, a facility to generate
league tables plus e-mail tracking and alert services.
http://zephyr.bvdep.com
----------------------------------------------------------------------
NEW YORK--(BUSINESS WIRE)--July 15, 2003--Venture capital
investment in Europe and North America has risen in the last four
consecutive quarters, from EUR 29 billion in the third quarter of 2002
to EUR 45 billion in the second quarter of 2003, according to Bureau
van Dijk (BvD), a leading electronic publisher of global business
information.
Figures published in BvD's quarterly M&A Synopsis, which uses
figures from the M&A research tool, ZEPHYR, suggest that this increase
in investment value is the direct inverse of levels in M&A activity,
where deal volume is high but deal value low.
The last quarter saw seven venture capital deals with values of
over EUR 1 billion although deal numbers are still low compared to
2000. Conversely, M&A deal numbers look set to overtake records set in
2000 but deal values are lagging behind.
Ed Mountifield, head of research at Zephus, the information
provider for ZEPHYR, explains this incongruity is symptomatic of a
flatter economic phase: "For venture capitalists the current
circumstances for investment offer excellent potential. Money is cheap
to borrow and there are numerous under-valued targets available for
acquisition that can offer a good return at exit. As confidence levels
are low, and debt high, corporate managers are focusing on their
financial performances and shareholders, and less able to take
advantage of more innovative opportunities."
The M&A Synopsis is available free of charge and is available at
http://zephyr.bvdep.com. Free trials of ZEPHYR can be arranged at the
same address or by calling 212-797-3550.
Notes for journalists
Data and analysis in the M&A Synopsis are free to use in our
publication. Zephus also provides a free, ad hoc research service
available at your request. To receive the M&A synopsis via PDF each
quarter, contact Suzanne Clare.
About BvD
Bureau van Dijk Electronic Publishing (BvD) (http://www.bvdep.com)
is a leading publisher of electronic business information. BvD is best
known for its business information solutions that combine hard to
find, global company data with intuitive software. Products include
OSIRIS, AMADEUS, ISIS and BANKSCOPE.
About Zephus
Zephus Ltd is a wholly owned subsidiary of BvD. The company was
formed after the acquisition of the Zephus division from Regional
Independent Media in April 2002. Zephus is located in Manchester,
England and employs 30 staff, 29 of which are dedicated to the
collection of global mergers, acquisitions, private equity and venture
capital deal information.
About ZEPHYR
ZEPHYR contains merger and acquisition data including IPO and
venture capital deals with links to the detailed company reports on
BvD's company information products. ZEPHYR incorporates a quick deal
search, an expert search and analysis module, a facility to generate
league tables plus e-mail tracking and alert services.
http://zephyr.bvdep.com
