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- 1999 - Venture Capital and Private Equity in Italy

- 1999 - Venture Capital and Private Equity in Italy. A.I.F.I. Italian Venture Capital and Private Equity Association. A.I.F.I. Members. 69. 58. 55. A.I.F.I. A.I.F.I. Investment activity by number, companies and amount. +88 %. A.I.F.I. Average invested amount (Euro mln). A.I.F.I.

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- 1999 - Venture Capital and Private Equity in Italy

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  1. - 1999 -Venture Capital and Private Equity in Italy A.I.F.I.Italian Venture Capital and Private Equity Association

  2. A.I.F.I. Members 69 58 55 A.I.F.I.

  3. A.I.F.I. Investment activity by number, companies and amount +88 %

  4. A.I.F.I. Average invested amount (Euro mln)

  5. A.I.F.I. 1999 - Stage distribution of investments

  6. A.I.F.I. 1999 - Stage distribution by % of amount invested

  7. A.I.F.I. 1999 - Venture Capital vs Private Equity

  8. A.I.F.I. 1999 - % of amount invested by number of employees

  9. A.I.F.I. 1998 - 1999: Sectoral distribution of investments by number High Tech Low Tech

  10. A.I.F.I. % of amount and number of investments in the high tech sectors* *High tech sectors: computer related, communications, other electronics related, medical/health related; biotechnology.

  11. A.I.F.I. 1999 - Sectoral distribution of amount invested in high tech

  12. A.I.F.I. 1999 - Geographical distribution by % of numberand amount invested

  13. A.I.F.I. 1999 - Italy: geographical distribution by % of amount and number of investments

  14. A.I.F.I. 1999 - Italy: regional distribution by number of investments

  15. A.I.F.I. Syndication by % of number of investments

  16. A.I.F.I. Number of investments by type of investors

  17. A.I.F.I. Amount invested by type of investors (Euro mln)

  18. A.I.F.I. 1999 - Italian Private Equity Industry Concentration

  19. A.I.F.I. 1999 - Stage distribution of investments by type of investors

  20. A.I.F.I. Divestment activity by number, and amount (at cost) +72,4%

  21. A.I.F.I. 1999 - Distribution of divestments by number and amount

  22. A.I.F.I. 1999 - Distribution of divestments by % of number and amount

  23. A.I.F.I. The EYVB Index (Ernst&Young Venture Backed Index) 01-ott-99 22-mar-00

  24. A.I.F.I. Number of divestments by type of investors

  25. A.I.F.I. 1999 - Stage distribution of divestments by type of investors

  26. A.I.F.I. Portfolio by number and amount (at cost)

  27. A.I.F.I. New funds raised (Euro mln) +110%

  28. A.I.F.I. 1999 - Sources of new funds by %

  29. A.I.F.I. 1999 - Sources of new funds raised on the market by %

  30. A.I.F.I. 1999 - Fund raising targets 42% 36% 21% 1%

  31. A.I.F.I. 1999 - Geographical breakdown of total funds raised

  32. A.I.F.I. 1999 - Geographical breakdown of funds raised from the market

  33. A.I.F.I. The industry performance:the sample 1990-1999 1989-19981986-1996 N° of operators in the sample 3525 14 N° of operators actively investing in period 25 16 12 Total number of considered investments 202 172 100 Total cash out (Euro mln) 576 461 250 Average Investment size (Euro mln) 2,8 2,6 2,5 Total cash in (Euro mln) 1.607 1.140 622 KPMG Corporate Finance

  34. A.I.F.I. The Industry Performance:the Pooled IRR 1990-1999: IRR=40,3% 1989-1998: IRR=33,4% 1986-1996: IRR=31,2% KPMG Corporate Finance

  35. A.I.F.I. The Industry Performance:Pooled IRR 1990-1999 by type of investments IRR 43,7% IRR 40,8% Replacement Early Stage IRR 47,0% IRR 32,0% MBO/MBI Expansion KPMG Corporate Finance

  36. A.I.F.I. The Industry Performance:Pooled IRR distribution 1990-1999 Number of Investments % Write off/negative IRR 19 9% 0% - 10% 25 12% 10% - 30% 52 26% 30% - 100% 74 37% > 100% 32 16% Total 202 100% KPMG Corporate Finance

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