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European buy-and-build value soars

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Private equity-backed bolt-on deals have nearly trebled in value in the first quarter of this year compared to the same period in 2010, according to new figures from Silverfleet Capital and Mergermarket. 

An average £120m was invested in 15 transactions in the first three months of 2011, compared to £41m in 18 transactions in Q1 2010. 

Neil MacDougall, managing partner of Silverfleet, says: “After a two-year hiatus, portfolio companies finally feel confident enough to take acquisition risk and dig deep in their pockets to fund bigger deals.”

Despite a surge in value, the total number of completed add-ons mirrors activity in the same quarter last year – 76 deals versus 70 – although this is expected to be nudged up due to final revisions.

Read more from our sister title Real Deals.

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