ITALY: A family affair
The level of buy out activity in Italy is low in comparison to its European neighbours, something reforms to the civil code aims to address. However, Mark Sperotto says investors and vendors need to lower their expectations too
Figures recently released by Initiative Europe showed that the aggregate value of European private equity deals in 2002 was e62.9bn ($63bn), representing sustained activity in the sector through difficult economic conditions. Against this backdrop, individual country data show that Italy contributed less than 3% by volume and more than 6% by value to the European private equity market in 2002.
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