albina nikkonen russian private equity and venture capital market review 2005 russian private equity...
Post on 04-Jan-2016
226 Views
Preview:
TRANSCRIPT
Albina Nikkonen
Russian Private Equityand Venture Capital
Market Review2005
Russian Private Equity &Venture Capital Association
Number of PE & VC Funds in Russia 1994-2005
Fun
ds r
aise
d an
d liq
uid
ate
d
New funds
Liquidated fundsTotal number of funds
Tot
al n
umb
er o
f fu
nds
Capitalization of PE & VC Funds in Russia 1994-2005
Cap
italiz
atio
n of
ne
w a
nd
liqui
date
d fu
nds
Tot
al c
apita
lizat
ion
New fundsLiquidated fundsTotal capitalization
Sources of Capital 2005
Russian 22%
Foreign 78%
Russian Sources 2005
CorporateInvestors 13%
Private Individuals 7%
Government Agencies 45%
Commercial Banks 1%
InstitutionalInvestors 34%
Russian Sources 2004–2005
Private Individuals
CorporateInvestors
InstitutionalInvestors
Commercial Banks
Government Agencies $ Mln
Foreign Sources 2005
International Credit Organizations 19%
Commercial Banks 15%
InstitutionalInvestors 20%
CorporateInvestors 17%
Private Individuals 29%
Government Agencies 0%
Foreign Sources 2004-2005
Private Individuals
CorporateInvestors
InstitutionalInvestors
Commercial Banks
Government Agencies
International Credit Organization $ Mln
Types of Funds & Management Companies
Small funds
$0,5 billion -10%41 funds under 33 companies from $5 to $50 mln
Large funds
$2,5 billion - 52%11 funds under 7 companiesfrom $151 to $800 mln
Middle funds
$1,9 billion - 38% 27 funds under 20 companies from $51 to $150 mln
33
20
7
41
27
11
2558
521
1926
0 5 10 15 20 25 30 35 40 45
%
0 500 1000 1500 2000 2500 3000
$ mln
Number of funds
Number of companies
Capital under manag
($ 0.5 – 3 mln)
($ 3 – 10 mln)
($ 5 – 30 mln)
Investment by Industry 2005
Computersrelated 4,9%
Energy 0,4%
Financial services 6,5%Industrialequipment 0,4%
Chemicals & Materials 0,1%
Biotechnology 2%
Communications 31,2%
Other 21,6%Consumer market related 20,9%
Light industries 7,9%
Medical/Health related 4,0%
Investment by Stage 2005
Seed & Start-up 4,9%
Early stages 6,7%
Expansion 62,2%
Buyout 26,2%
Later stages 0%
0 20 40 60 80 100 120 140 160 180
Later stages
Buyout
Expansion
Early stages
Seed &Start-Up 2005
2004
$ mln
Investment by Stage 2004-2005
Total Number of Companies Invested
1994-2002 – 350 companies
2003 – 28 companies
2004 – 43 companies
2005 – 33 companies
Exits Distribution by Percentageof Number of Divestments 2003-2005
0 1 2 3 4 5 6 7 8 9 10 11 12
Trade Sale
Management Buy-inor Buy-out
IPO
Write-off
200520042003
III III Russian Venture Forum Russian Venture Forum
& & VIIIVIII Russian Venture Fair Russian Venture Fair
11 - 1211 - 12 October 2007 October 2007
St.Petersburg St.PetersburgRussiaRussia
Russian Private Equity &Venture Capital Association
+7 (812) 326-61-80
rvca@rvca.ru
www.rvca.ru
THANK YOU FOR YOUR ATTENTION!
top related