Venture Capital and Private Equity in Germany after Market Consolidation (Beteiligungsfinanzierung nach der Marktkonsolidierung)

In 2002 a comprehensive survey of German venture capital and private equity firms was conducted. Based on a follow-up survey in 2005, the development of the German venture capital and private equity market can be shown. The first focus of the report lies on structural topics like market structure, portfolio characteristics, employment, age of firms, ownership structure and sources of funds. The second focus lies on the venture capital cycle and covers topics like deal sources, success factors of venture capital firms, investment criteria, value of information, expected returns, deal sizes, investment stages, industries, financial contracts, syndication, monitoring and support, and exits. The last part of the report identifies equity gaps in financing young and innovative companies in Germany and shows the use of public support programs. The report is written in German