European mid-market fundraising saw an impressive rise in 2014, reaching 15.6 billion euros (from 10 billions in 2013), its highest level since 2007, when it reached 24.5 billions. This is what a new report from placement agent Acanthus Advisers writes (see here the report).
The report by Acanthus, led by the managing partner Armando D’Amico, also says that the trend is going to last this year. Dry powder preserves 2014 again saw sustained dry powder in the industry as deal flow remains constrained in specific geographies. Dry powder across all segments of the European market rose to a record 130 billions from the level of 124 billions in 2013 and this upward trajectory is expected to continue over the coming months as North American investors look for cheaper euro denominated mid-market deals.
Leading the resurgence was the UK, which reinforced its place at the top of the European fundraising order. The country experienced its strongest capital raising levels since the first publication of the European Mid-Market Fundraising Review in 2004: an unprecedented 7.4 billions was committed to the market, up from a previous high of 5.7 billions in 2007.
being raised in 2013.