(Teleborsa) – In the first half of 2021, the overall collection on the Italian private equity and venture capital market, it recorded overall deposits (on the market and captive, that is, from the parent company) of € 2,827 million, an increase of 194% compared to the first six months of 2020. This is what emerges from an analysis conducted by AIFI, in collaboration with PwC Deals, which highlights how the main sources of funding were: pension funds and pension funds for 35%, banks for 16% and the public sector with 10%. Geographically, 95% of the capital came from domestic investors, while with reference to the investment target, 42% of the capital is expected to be invested in infrastructures and 41% in buyouts.
L’amount invested amounted to 4.5 billion euros, up 142% compared to 1.9 billion in the first half of 2020 and 81% compared to the first half of 2019. The number of transactions stood at 253, in growth of 102% compared to the first part of 2020 (125 investments) and 52% compared to the first half of 2019. The research shows that theearly stage (investments in companies in the first phase of the life cycle, seed, startup, later stage) grew by 314% in amount (294 million euros) and by 61% in number of operations, 129. The buyout (acquisitions of majority or totalitarian stakes) recorded an increase of 22% in amount, equal to 1.9 billion, and 204% in number, equal to 70. Theexpansion (minority investments in capital increases aimed at the growth of the company) attracted 299 million euros (compared to 31 million in the first half of 2020), distributed over 23 transactions (+ 64%).
Always considering investments, from the point of view of size of companies, companies with less than 50 million turnover prevail (72% of the total, 89% in the first half of 2020). As for the sectoral distributionin terms of number, 72 operations were carried out in the ICT sector (28% of the total), in the industrial goods and services sector 45 (18%) and in the medical sector 27 (11%). In terms of geographical distribution, 69% of the 242 transactions carried out in the first half in Italy were carried out in the North (equal to 167 investments), 21% in the Center (51) and the remaining 10% in the South and Islands, which totaled 24 investments.
AIFI and PwC Deals have calculated that 43 were realized in the first half of 2021 divestments, a number that marks a growth of 43% compared to the first half of 2020, when they were 30, but still lower than the figure for the same period of 2019 (66). The divested amount, calculated at the historical purchase cost, stood at 697 million euros, against 395 million in the first half of 2020 (+ 76%). In the distribution of disinvestments by type, in the first half of the year, sales to industrial entities prevailed both in terms of number, 17, equal to 39% of the total number, and of divested amount, with 47% of the total amounting to 330 million euros.