The German Private Equity and Venture Capital Market in 2015

Bundesverband Deutscher Kapitalbeteiligungsgesellschaften – German Private Equity and Venture Capital Association (BVK)

Statistics 2015 - Selected Market Figures

For more detailled information please see the full statistics report at www.bvkap.de

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Private Equity in Germany Facts about private equity in the German economy 900,000 employees in portfolio companies

Ca. 5,000 portfolio companies

€ 31bn invested 2011-2015

€ 171bn sales of portfolio companies

>1,000 companies funded p.a.

250 private equity firms € 5.3bn invested in 2015 Source: BVK statistics

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Investments in Germany (I) Investments could not reach 2014 record level

8.500

1.359 1.291

1.288

1.322

1.396 1.254

7.500

1400 1200

6.500 1000

5.500

800

4.500 3.500 2.500

6.667

7.133

6.626

5.343

5.055

4.895

600 400

1.500 200

500 -500

2010

2011

2012

Investment (€m)

2013

2014

2015

0

Funded companies

Source: BVK statistics/PEREP Analytics, 2015 preliminery. Data as per February 2016. Data are continously updated and subject to change. Market statistics = Investments in Germany by German and foreign private equity firms. p. 4

Investments in Germany (II) Half-year investments 2015

4.577 3.420 2.533

2.362

H1 10

H2 10

3.247

3.017 2.049

H1 11

4.420

H2 11

H1 12

2.907

2.713

2.038

H2 12

H1 13

H2 13

H1 14

H2 14

H1 15

2.436

H2 15

Investments (€m)

Source: BVK statistics/PEREP Analytics, 2015 preliminery. Data as per February 2016. Data are continously updated and subject to change. Market statistics = Investments in Germany by German and foreign private equity firms. p. 5

Investments in Germany (II) By investment stages in 2015

Venture Capital 15%

Growth 13%

Investment amount: €5.343 m

Buy-Outs 71%

Replacement/ Turnaround 2%

Buy-Outs 8%

Funded companies: 1.254

Replacement/ Turnaround 1% Growth 32%

Venture Capital 58%

Source: BVK statistics/PEREP Analytics, 2015 preliminery. Data as per February 2016. Data are continously updated and subject to change. Market statistics = Investments in Germany by German and foreign private equity firms. p. 6

Funded Companies by Size Private equity in Germany is focused on small and mid-sized companies.

200-499 5%

500+ 4%

€50