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DACH Private Capital Breakdown

2021

DACH Private Capital Breakdown

November 19, 2021

DACH Private Capital Breakdown
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PE and VC soar in DACH region as 2021 continues to break records

Private market activity in Europe’s DACH region has matched the dramatic surge throughout Europe this year, with annual records reached in both private equity and venture capital by the end of the third quarter.

Our 2021 DACH Private Capital Breakdown captures the biggest trends across PE and VC in a year like no other, including data on deals, exits and fundraising through Q3.

Takeaways include
 
  • Private equity’s 2021 deal value reached €87.4 billion across Germany, Austria and Switzerland, driven by heightened middle-market activity.
 
  • VC investments totaled €15 billion over the same period, with the region’s healthy startup environment contributing to a nearly equal deal count dispersion across venture stages.
 
  • DACH-based companies are drawing significant interest from US-based investors. VC deals with US investor participation have totaled €10.7 billion in 2021—nearly double the record set last year.
 
  • PE exit value is poised for its highest total in a decade, propelled by a sharp increase in exits over €2.5 billion.

This report was reuploaded on November 29, 2021, to rectify a rounding error in a chart on page 3.

Table of Contents
Introduction 2
PE deals 3
PE exits 7
PE fundraising 9
VC deals 11
VC exits 14
VC fundraising 16