{"id":43451,"date":"2017-04-18T00:00:00","date_gmt":"2017-04-17T22:00:00","guid":{"rendered":"https:\/\/techma.bakertilly.es\/el-numero-de-salidas-exitosas-de-los-venture-capital-europeos-sigue-una-tendencia-de-crecimiento-desde-el-2010\/"},"modified":"2025-03-12T11:41:34","modified_gmt":"2025-03-12T10:41:34","slug":"el-numero-de-salidas-exitosas-de-los-venture-capital-europeos-sigue-una-tendencia-de-crecimiento-desde-el-2010","status":"publish","type":"post","link":"https:\/\/techma.bakertilly.es\/en\/el-numero-de-salidas-exitosas-de-los-venture-capital-europeos-sigue-una-tendencia-de-crecimiento-desde-el-2010\/","title":{"rendered":"Perspective on the European venture capital scene by the european investment fund"},"content":{"rendered":"<h5><span style=\"color: #000000;\">As can be seen in EIF's report on European venture capital divestments, European venture capital investment has grown considerably over the past 10 years. From 2010 onwards, these investors began to make exits, encouraged by the recovery of the technology industry, evidenced by increases in Nasqad and venture capital valuations, while interest rates were low.<!--more--><\/span><\/h5>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-10163 size-full\" src=\"https:\/\/techma.bakertilly.es\/wp-content\/uploads\/2020\/09\/1-1.jpg\" alt=\"\" width=\"1280\" height=\"720\" title=\"\"><\/p>\n<p><span style=\"color: #000000;\">As we can see in the graph, the dotcom crisis (2001) and the European debt crisis (2009) had a negative impact, leading to a growth in write-offs, which generally affected all venture capital, irrespective of geography and sector. While it is true that the UK and Ireland are two regions that have been more sensitive to these crises. For example, 30% of the cancellations in these crises occurred in the UK.<\/span><\/p>\n<p><span style=\"color: #000000;\">It is logical that economic downturns affect exits, as venture capitalists want to maximise their return by selling when the valuation of the company is as high as possible. As we can see in the graph below, the average valuation of companies in the year 2000 experienced a fairly significant downturn caused by the dotcom crisis.<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-10164 size-full\" src=\"https:\/\/techma.bakertilly.es\/wp-content\/uploads\/2020\/09\/2.jpg\" alt=\"\" width=\"1280\" height=\"720\" title=\"\"><\/p>\n<p><span style=\"color: #000000;\">Spain has followed the same trend as Europe and, as we announced in a post some time ago, the number of divestments has also grown in recent years.<\/span><\/p>\n<h5><span style=\"color: #3366ff;\"><strong>State of divestments in Spain 2016 according to Ascri<\/strong><\/span><\/h5>\n<p><span style=\"color: #000000;\">In Spain in 2016, divestment is expected to have reached a figure of \u20ac1876M in a total of 252 transactions. This figure is 60% lower than that achieved in 2015, a year that saw a boom in divestments.<\/span><\/p>\n<p><span style=\"color: #000000;\">The market continues to offer good conditions for divestment: abundant liquidity and attractive valuations. One of the reasons for this slowdown in divestment is the volatility of the stock market.<\/span><\/p>\n<p><span style=\"color: #000000;\">The most used divestment mechanism (in terms of volume) was the \"Sale to third parties\"(49%) followed by \"Sale on the Stock Exchange\"(18%) and \"Sale to another Private Equity entity\"(15%).<\/span><\/p>\n<p><span style=\"color: #000000;\">Impairment recognition falls by 66% (\u20ac141Men 40 divestments) and is the lowest since the beginning of the crisis.<\/span><\/p>\n<p><strong><span style=\"color: #000000;\">Download <span style=\"text-decoration: underline;\"><a href=\"http:\/\/www.eif.org\/news_centre\/publications\/eif_wp_41.pdf\" target=\"_blank\" rel=\"noopener\">here the report<\/a><\/span> on divestments made by the EIF<\/span><\/strong><\/p>\n<h5><span style=\"color: #3366ff;\">Other posts that may interest you<\/span><\/h5>\n<p><span style=\"text-decoration: underline;\"><a href=\"https:\/\/techma.bakertilly.es\/en\/strengzen-caixa-innvierte-start-nuevos-fondos-marzo-2016\/\">Strengzen and Caixa Innvierte Start, new funds March 2016<\/a><\/span><\/p>\n<p><span style=\"text-decoration: underline;\"><a href=\"https:\/\/techma.bakertilly.es\/en\/nuevos-fondos-capital-riesgo-para-pymes-meridia-capital-closa-gordon-investment\/\">New venture capital funds for SMEs: Meridia capital and Closa Gordon<\/a><\/span><\/p>\n<p><span style=\"text-decoration: underline;\"><a href=\"https:\/\/techma.bakertilly.es\/en\/nuevos-fondos-para-el-2016-sabadell-caixa-capital-risk-samapaita-ventures-otros\/\">New funds for 2016: Sabadell, Caixa Capital risk, Samapaita Ventures and others.<\/a><\/span><\/p>\n<p><span style=\"color: #000000;\">If you are <span style=\"text-decoration: underline;\"><a href=\"https:\/\/techma.bakertilly.es\/en\/busqueda-de-inversores\/\">looking for investors<\/a>,<\/span> get in touch with us. Abra-invest has a team of experts in alternative financing at your disposal. Call + 34 946424142 or fill in the contact form.<\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>As can be seen in EIF's report on European venture capital divestments, European venture capital investment has grown considerably over the past 10 years. From 2010 onwards, these investors began to make exits, encouraged by the recovery of the technology industry, evidenced by increases in Nasqad and venture capital valuations, while interest rates were low.<\/p>","protected":false},"author":4,"featured_media":46942,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[2277],"tags":[171,153,850],"sectores":[],"tipo-contenido":[2260],"class_list":["post-43451","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-multiplos-de-empresas-cotizadas","tag-capital-riesgo","tag-global-corporate-finance","tag-venture-capital-europeo","tipo-contenido-noticias"],"acf":[],"_links":{"self":[{"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/posts\/43451","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/comments?post=43451"}],"version-history":[{"count":0,"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/posts\/43451\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/media\/46942"}],"wp:attachment":[{"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/media?parent=43451"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/categories?post=43451"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/tags?post=43451"},{"taxonomy":"sectores","embeddable":true,"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/sectores?post=43451"},{"taxonomy":"tipo-contenido","embeddable":true,"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/tipo-contenido?post=43451"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}