Investment by the private equity and venture capital industry in Germany fell by a more than a third to DM1.1bn (€562m) in the third quarter this year.
Germany's Venture Capital Association (BVK) said the quarter's results spelled out the consolidation taking place in some of the German industry's favoured sectors, mainly in information technology and including the internet. Holger Frommann, managing director of BVK, said: "We have observed a distinct caution among the numerous participants, which has hit new investments."
