Exit activity strong in CEE through 2013, says EVCA

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The European Private Equity and Venture Capital Association (EVCA) has reported that exit activity was strong in the CEE region through 2013.

The level of exit activity made it the third highest on record. The activity was also less concentrated than in the previous two years, with some 88 companies exited, which is the highest number for seven years, the EVCA figures suggest.

Based on year on year figures, the number of companies funded via private equity increased 7% to 241 in the region. Total PE investments into CEE stood at €783m in 2013, down 22% from 2012. Fundraising for the region totalled €433m, down some 37% on 2012.

Robert Manz, chairman of the EVCA CEE Task Force, said: “Despite the lower headline activity levels when compared to 2012, the CEE region showed some healthy trends in 2013 that bode well for the coming years.  We take confidence in these trends and encourage investors to view the CEE markets for their full potential.”

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