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 toEUR 45 billion in the second quarter of 2003, according to Bureau van Dijk (BvD), a leading electronic publisher of global business information.<\/p>\n
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.<\/p>\n
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.<\/p>\n
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.”<\/p>\n
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.<\/p>\n
Notes for journalists<\/p>\n
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.<\/p>\n
About BvD<\/p>\n
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.<\/p>\n
About Zephus<\/p>\n
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.<\/p>\n
About ZEPHYR<\/p>\n
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<\/p>\n","protected":false},"excerpt":{"rendered":"
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