Spain and Portugal: Spain begins to recover

Article Abstract:

The Spanish and Portuguese markets for management buyouts appear to be undergoing a recovery. The value of transactions dropped in Spain in 1993 following a rise in 1992, then rose again in 1994. The market saw a rise in volume and value terms in Portugal in 1994. Spanish owners of private companies tend to have a negative attitude toward buyouts, and are not keen on letting go after the transaction has taken place. Opportunities in both countries are likely to increase as they emerge from recession.

Spain, Portugal

Germany, Austria and Switzerland: big deals at last

Article Abstract:

Management buyouts in Switzerland, Germany and Austria is difficult to assess since there is often secrecy around deals. The German market can be divided in to deals involving firms in former East Germany and those involving western Germany. Management buy-ins are also becoming more frequent in Germany. The Swiss market has increased in the 1990s and 1994 was a record year, while the Austrian market has yet to be developed, with a decline in the 1990s.

Austria, Switzerland

Family break-ups increase in Germany

Article Abstract:

Germany has become the second largest management buyout market in continental Europe, at a value of 733 million pounds sterling in 1994. Divestments from local parents accounted for a third of known deals in Germany in 1994, with buyouts from family companies at two-fifths and divestments from non-German parents at almost a fifth. There were a number of significant deals in 1995, including the buyouts of Atco-Dixi, Infox and Empe.