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Venture-Backed Exit Activity Shows Improved Sig...
Venture-Backed Exit Activity Shows Improved Sig....
About this update from Trifast Plc
[{"type":"text","content":"\n \n\n\n\n\n All-time Record for Venture-backed M&A Exits; Nearly All Venture-backed IPOs\n Trading Above Offer Price\n\n\nNew York, New York, April 1, 2010 - Venture-backed company exit activity showed\ncontinued signs of life during the first quarter of 2010, with the best\nquarterly total for venture-backed IPOs since the fourth quarter of 2007 and the\nbest quarter on record venture-backed M&A exits, according to the Exit Poll\nreport by Thomson Reuters and the National Venture Capital Association (NVCA).\nThe quarter ended with nine venture-backed Initial Public Offerings (IPOs) and\n111 M&A transactions.\n\nFor the first quarter, 31 disclosed venture-backed M&A exits averaged $180.2\nmillion, which was 21 percent higher than the total average disclosed\ntransaction value for all of 2009.\n\n\"The exit activity in first quarter of 2010 has engendered a cautious optimism\nwithin the venture capital industry,\" said Mark Heesen, president of the NVCA.\n\"The IPO volume, while not nearly enough to declare a recovery, has shown the\nmost improvement since the financial crisis began and the pipeline of companies\nin registration continues to build. The record breaking number of\nventure-backed acquisitions is also encouraging as the quality of these\ntransactions appears to have held strong. It is premature to suggest we\nhave permanently turned the corner, but that corner is in sight and within reach\nas long as we can continue this positive upwards trajectory over the next\nconsecutive quarters.\"\n\n\n Venture-Backed Liquidity Events by Year/Quarter, 2004-2010\n+------------+-------+----------+----------+---------+--------+--------+-------+\n| | | | | | | |Average|\n| | |M&A Deals | *Total |*Average | |  Total | IPO |\n| |Total | with |Disclosed |M&A Deal | | Offer | Offer |\n| | M&A |Disclosed |M&A Value | Size  |**Number| Amount |Amount |\n|Quarter/Year| Deals | Values | ($M) | ($M) |of IPO's| ($M) | ($M) |\n+------------+-------+----------+----------+---------+--------+--------+-------+\n|2004 | 349 | 188 | 16,043.8| 85.3| 94 |10,481.6| 111.5|\n+------------+-------+----------+----------+---------+--------+--------+-------+\n|2005 | 350 | 163 | 17,324.7| 106.3| 57 | 4,482.4| 78.6|\n+------------+-...