Annuario AIFI 2018

AIFI
Presentazione

L’indagine annuale, curata da AIFI e redatta in inglese, analizza i trend e i temi più importanti legati al mondo del Private Equity, del Venture Capital e del Private Debt, oltre al profilo dei protagonisti del mercato italiano.

Anche nel 2017 gli investimenti nel mercato del Private Equity e del Venture Capital continuano a registrare risultati importanti. Segnali positivi sono arrivati anche dal Private Debt, un mercato che rappresenta oggi uno strumento sempre più rilevante per il funding delle imprese italiane.

L’Annuario è arricchito da una serie di analisi nate dalla collaborazione di AIFI con importanti società di consulenza: un’analisi sulle principali questioni fiscali e legali riguardanti il settore; 4 ricerche monotematiche sulla performance del mercato italiano del Private Equity e Venture Capital e di quello del Private Debt; una panoramica sul mercato europeo del Direct Lending; le principali evidenze sul settore del Private Equity.

Chi acquista l’Annuario avrà a disposizione, senza alcun costo aggiuntivo, l’ebook sfogliabile fruibile sia su pc sia su dispositivi mobili.

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The AIFI Yearbook, which is now at its twenty-first edition, intends to be a simple guide on the main features and trends related to the Italian private equity, venture capital and private debt markets.

In 2017, the investment activity in the Italian private equity and venture capital market reached the third highest amount of the last 10 years, despite the lack of mega deals.

The number of deals was in line with the previous years. Excluding the activity of some institutional funds that reached significant closings in 2017, fundraising made by private players saw a slowdown and remains the most difficult part of the activity. Divestments continued to grow both in terms of amount and of number of exits and were characterized by a new exit channel, the sale to SPAC (special purpose acquisition vehicles).

The private debt market now represents a well-established funding instrument for Italian companies, complementary to private equity: 2017, in particular, saw a strong investment activity, after some years mostly dedicated to fundraising.

The Yearbook, after a description of AIFI’s activities, presents the results of the 2017 Italian private equity and venture capital analysis (realised in cooperation with PricewaterhouseCoopers – Transaction Services), followed by the description of the Italian private debt industry and its characteristics (conducted with the support of Deloitte) and by an analysis of the main tax and legal issues.

In addition, the Yearbook contains three different researches: the first one about the aggregate performance (IRR) of the private equity and venture capital market (carried out with KPMG Corporate Finance), the second one about the European lending market (conducted by Deloitte Financial Advisory Services) and the third one about the private equity environment and the value creation in target companies (conducted by EY Financial Business Advisors).

Enjoy reading.


Copyright Bancaria Editrice 2018 - ISBN: 978-88-449-1167-6 

Indice

Introduction

About AIFI

AIFI Organisational Structure

The Italian Private Equity and Venture Capital Industry

The Italian Private Debt Industry

Tax and Legal Issues

Statistics on Performance

The Rise of Direct Lending in Europe

Private Equity Insights

AIFI Directory: Full Members

AIFI Directory: Associate Members

Contacts

Bancaria Editrice
ABIServizi S.p.A.
Via delle Botteghe Oscure, 4 - 00186 Roma
P.Iva 00988761003
ABICloud: ISSN 2499-4340