The total combined value of European private equity transactions rose 15% in the second quarter of this year on the back of a dramatic rise in growth capital deals and a return of big buyouts, but figures are still down against the boom of 12 months ago.
According to the Q2 2008 Barometer, a compendium of private equity activity compiled by Incisive Media and sponsored by European buyout house Candover, the value of European private equity-backed transactions climbed from â¬26bn ($40.9bn) in the first quarter of the year to â¬30bn. The number of deals also increased by 9% to 390.