2007 results holding steady in a year of two halves

Results from the 2007 New Zealand Private Equity & Venture Capital Monitor show a steady development of the New Zealand private capital market.

NZD$1.2bn total invested across 85 deals matched record year in 2006 ($1.2bn across 112 deals).  This represents 7.2% of total M&A in New Zealand, up from 6.1% in 2006 and 2.2% in 2005.

Venture Capital investment grew by 8% to $82m with 60 deals completed ($76m across 77 deals in 2006).  Average deal size of $1.3m in 2007 is up 35% on 2006 ($1.0m).

Private equity mid-market investment grew by 141% to a record high of $205m across 23 deals ($85m across 18 deals in 2006).   Average deal size of $8.9m in 2007 is up 89% on 2006 ($4.7m).

$270m of divestments across 8 deals, up 21% in value from 2006 ($223m across 11 deals) reflecting further maturing of the use of private equity.

ends