Germany: The doors of perception
According to research recently carried out by Legal Week, foreign private equity houses overwhelmingly view Germany as a poor forum for investment. But this perception masks a reality that can be far friendlier to investors, say Nils Koffka and Markus Mackensen
Private equity sponsors have been very active in Germany over the past few years. In 2003, approximately 20% of all European private equity investments were made in Germany. While this is only half of what was invested in the UK, it is approximately twice the figure for France. At the end of 2003, private equity houses that are members of the German Private Equity and Venture Capital Association (BVK) held investments of more than € 18bn (£12bn) in 5,000 smaller and medium-sized companies in Germany (according to the BVK). In fact, the German M&A market has been dominated by private equity transactions in recent years.
This premium content is reserved for
Legal Week Subscribers.
Subscribe today and get 10% off.
A PREMIUM SUBSCRIPTION PROVIDES:
- Trusted insight, news and analysis from the UK and across the globe
- Connections to senior business lawyers within the leading law firms and legal departments
- Unique access to ALM's unrivalled, market-leading reporting in the US and Asia and cutting-edge research, including Legal Week's UK Top 50 and Global 100 rankings
- The Legal Week Daily News Alert, Editor's Highlights, and Breaking News digital newsletters and more, plus a choice of over 70 ALM newsletters
- Optimized access on all of your devices: desktop, tablet and mobile
- Complete access to the site's full archive of more than 56,000 articles
Already have an account? Sign In Now
For enterprise-wide or corporate enquiries, please contact Paul Reeves on Preeves@alm.com or call on +44 (0) 203 875 0651