Poland. Funds raised - Industry statistics - Incremental closings during year. Table of Contents. CREATING LASTING VALUE EVCA Yearbook 2011 I 269

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1 CREATING LASTING VALUE EVCA Yearbook 2011 I 269 Funds raised - Industry statistics - Incremental closings during year Amounts in thousands Amount % Amount % Fund ownership type Independent funds raised Amount raised by captives New funds raised Realised capital gains Total funds raised Fund stage focus Early-stage Later stage venture Balanced Total venture Growth capital Buyout Mezzanine Generalist Total funds raised 9, , , , , , Investor type Academic institutions Banks Capital markets Corporate investors Endowments and foundations Family offices Funds-of-funds Government agencies Insurance companies Other asset managers (including private equity houses other than funds-of-funds) Pension funds Private individuals Sovereign wealth funds New funds raised 34, , , , , , , , , , , Geographic sources of funds Within Europe Domestic Non-domestic Outside Europe New funds raised 124, , , , , , , ,

2 CREATING LASTING VALUE EVCA Yearbook 2011 I 270 Funds raised - Industry statistics - Final closings in the year by independent funds - Cumulative amount raised since inception All Private Equity Number Average Number Average Amounts in thousands Amount of funds fund size Amount of funds fund size Fund stage focus Early-stage Later stage venture Balanced Total venture Growth Buyout Mezzanine Generalist Total funds raised 9, , , , , , , , Fund sector focus, chemicals & materials Business and industrial products & services Consumer products, services & retail ICT Generalist Total funds raised 397, , , , Venture Buyout* Venture Buyout* Number Number Number Number Amounts in thousands Amount of funds Amount of funds Amount of funds Amount of funds Fund sector focus by segment, chemicals & materials Business and industrial products & services Consumer products, services & retail ICT Generalist Total funds raised , , , , * Buyout includes Growth, Mezzanine and Buyout funds

3 CREATING LASTING VALUE EVCA Yearbook 2011 I 271 Investments - Industry statistics (by country of private equity firm) All Private Equity Amounts in thousands Amount % companies % Amount % companies % Stage focus Seed Start-up Later stage venture Total venture Growth Rescue/Turnaround Replacement capital Buyout 1, , , , , , , , , , , , Subtotal high-tech , , , , , , , , , , , , , , , , , , , , , Syndication No syndication Syndication 474, , , , Initial vs follow-on Initial for the company Follow-on investment for the company Initial for the private equity firm 273, , , , , , , Geographic distribution Domestic Other European countries Non-European countries Main non-domestic investments Bulgaria Other Australasia Romania Hungary Cyprus Romania 266, , , , , , , , , , , ,

4 CREATING LASTING VALUE EVCA Yearbook 2011 I 272 Investments - Industry statistics (by country of private equity firm) Buyout Deals Amount Amount Amounts in thousands (equity value) % companies % (equity value) % companies % Buyout investment size Small Mid-market Large Mega Total buyout 17, , , , , , All Private Equity Amounts in thousands Amount % companies % Amount % companies % Investor type Independent Captive Public sector 478, , ,

5 CREATING LASTING VALUE EVCA Yearbook 2011 I 273 Investments - Market statistics (by country of portfolio company) All Private Equity Amounts in thousands Amount % companies % Amount % companies % Stage focus Seed Start-up Later stage venture Total venture Growth Rescue/Turnaround Replacement capital Buyout 0.01* , , , , , , , , , , , , Subtotal high-tech 33, , , , , , , , , , , , , , , , , , , , , Syndication No syndication Syndication 261, , , , , , Initial vs follow-on Initial for the company Follow-on investment for the company Initial for the private equity firm 206, , , , , , , , , * The amount invested is below 1 thousand

6 CREATING LASTING VALUE EVCA Yearbook 2011 I 274 Investments - Market statistics (by country of portfolio company) Buyout Deals Amount Amount Amounts in thousands (equity value) % companies % (equity value) % companies % Buyout investment size Small Mid-market Large Mega Total buyout 16, , , , , , , Venture Deals Amounts in thousands Amount % companies % Amount % companies % Subtotal high-tech , Buyout & Growth Deals Subtotal high-tech 33, , , , , , , , , , , , , , , , , , , , ,

7 CREATING LASTING VALUE EVCA Yearbook 2011 I 275 Divestments - Industry statistics (by country of private equity firm) Amount Amount Amounts in thousands at cost % companies % at cost % companies % Exit route Divestment by trade sale Divestment by public offering Divestment on flotation (IPO) Sale of quoted equity Divestment by write-off Repayment of silent partnerships Repayment of principal loans Sale to another private equity house Sale to financial institution Sale to management Divestment by other means 6, , , , , , , , , , , , Macro-economic indicators private equity firms headquartered in country of which venture capital firms buyout firms generalist firms Capital under management ( million) of which venture capital firms buyout firms generalist firms Private equity investment as % of GDP investments under market statistics investments under industry statistics GDP ( billion)* Private consumption ( billion)* Public consumption ( billion)* Consumer prices (1998=100)* Producer prices (2005=100)* Interest rates (3-month - interbank middle rate)* Interest rates (10-year - harmonised government bond yield)* Retail sales (previous year=100)* Unemployment rate* M&A Value ( million) completed deals IPOs Value ( million) listings , , % 0.19% 0.16% 0.15% % 3.86% 6.12% 5.78% % 12.1% 2,193 3, ,607 3, Source: Thomson Reuters * DATASTREAM Note: Number and amount of M&A deals are split per country based on the location of the target Number and amount of IPOs are split per country based on the location of the issuer private equity firms in existence: firms with at least one office in Europe, and that manage at least one direct investment programme/fund

8 CREATING LASTING VALUE EVCA Yearbook 2011 I 276 Divestments - Market statistics (by country of portfolio company) All Private Equity Amount Amount Amounts in thousands at cost % companies % at cost % companies % Exit route Divestment by trade sale Divestment by public offering Divestment on flotation (IPO) Sale of quoted equity Divestment by write-off Repayment of silent partnerships Repayment of principal loans Sale to another private equity house Sale to financial institution Sale to management Divestment by other means 6, , , , , , , , , , , , , , , , , , , , ,

9 CREATING LASTING VALUE EVCA Yearbook 2011 I 277 Divestments - Market statistics (by country of portfolio company) Venture Deals Amount Amount Amounts in thousands at cost % companies % at cost % companies % Exit route Divestment by trade sale Divestment by public offering Divestment on flotation (IPO) Sale of quoted equity Divestment by write-off Repayment of silent partnerships Repayment of principal loans Sale to another private equity house Sale to financial institution Sale to management Divestment by other means , , , , , , , , , ,

10 CREATING LASTING VALUE EVCA Yearbook 2011 I 278 Divestments - Market statistics (by country of portfolio company) Buyout & Growth Deals Amount Amount Amounts in thousands at cost % companies % at cost % companies % Exit route Divestment by trade sale Divestment by public offering Divestment on flotation (IPO) Sale of quoted equity Divestment by write-off Repayment of silent partnerships Repayment of principal loans Sale to another private equity house Sale to financial institution Sale to management Divestment by other means 6, , , , , , , , , , , , , , , , Geographic flows of private equity Amounts in thousands Amount Amount Investments by local private equity players (-) Foreign investments by local private equity players (+) Local investments by foreign private equity players in country 480, ,480 (213,845) (88,674) , , ,754 Amount Amount Divestments by local private equity players (-) Foreign divestments by local private equity players (+) Local divestments by foreign private equity players in country 37,723 61,200 (16,369) (14,941) 10,084 32,529 31,438 78,788

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