1、PRIVATE EQUITY NewsletterQUARTERLY SPECIAL | EDITION 4/2018 CLOSED DEALS in 2018 within the German-speaking region NEW DEAL FLOW January - December 2018 in German-speaking region MOST RECENT STUDIES by Roland Berger Private Equity Newsletter Quarterly Special | Edition 4/2018 Roland Berger 2 We hope
2、 you had a good start to 2019, closing recent deals and investigating new opportunities. This edition of the Newsletter provides an overview of the deal flow in the fourth quarter of 2018 and examines various developments influencing the private equity market. Additionally, it provides an overview o
3、f recent Roland Berger studies. PE-related deal activity within the German-speaking region was again very strong in 2018 with 205 closed deals, matching the level of 2017. New deal flow held up well throughout the entire year. In terms of industries, deal activity was highest in Engineered products
4、and Consumer goods, fol- lowed by IT/Telecommunication and Healthcare; in comparison, Transportation, Chemicals and Energy displayed a lower deal activity while Automotive remained solid. During 2018, macroeconomic indicators across Europe developed slightly unfavorably. Grow- ing political worries
5、and related implications for the global economy resulted in a few clouds on the horizon. Although, the US reached an all-time peak thanks to buoyant consumer spending, growth in the rest of the world appeared to be slowing down. China and the US risked a trade war as the US imposed tariffs on Chines
6、e products and China responded with tariffs of its own. Addi- tionally, the US imposed duties on various import products (e.g., steel) from Europe, Canada, Mex- ico and other countries. And the outcome of the ongoing Brexit negotiations still remains unclear. Political instability in Italy further i