The authors appreciate the help of Georges Noel and Thomas Meyer from the European Private Equity and Venture Capital Association (EVCA
) for insightful discussions as well as seminar and conference participants at the Louvain School of Management (CRECIS and CESAM), the University of Maastricht, the RENT XXIV Conference in Maastricht, the European Summer University Conference on Entrepreneurship 2010 in Tartu, the Annual Conference of the French Finance Association (AFFI) in Lyon, the MOVE Conference on "Venture Capital" in Barcelona, the International Conference on the Dynamics of Entrepreneurship at ZEW Mannheim, and the 2012 FMA Annual Conference in Atlanta.
Hoppner--who leads the EVCA
from offices in Brussels, where it can maximise its lobbying efforts in the European Parliament--understands the value of communication, having started out as a journalist at Zweites Deutsches Fernsehen, one of Germany's main television channels.
(2013) data indicate that 55% of all private equity investments in 2010 and 27% in 2012 are follow-on investments as compared to 44% in 2007.
is headed towards broader integration of the capital investing industry.
I interviewed two people for comments on the EVCA
report: Robert Manz, managing partner and member of the board of Enterprise Investors, a private equity firm, and chairperson of the EVCA
committee that produced the report, as well as Kai Koppen, managing partner for CEE for Riverside, a private equity firm.
They develop, program and design their own unique software which can work with not only the EVCA
smart grid technologies but others as well.
According to estimates from the European Venture Capital Association (EVCA
), private equity investment in new businesses fell to tiny levels--around 0.2% of GDP--in 2001 and 2002.
Share of high-tech venture capital investment EVCA
In a benchmarking exercise involving 15 countries, carried out by the European Private Equity & Venture Capital Association (EVCA
), Austria ranked as the country providing the least favourable legal and tax environment for private equity and venture capital.
European Private Equity and Venture Capital Association (EVCA
) (2002) 'EVCA
Yearbook 2002--Annual Survey 2001'.
The European Private Equity and Venture Capital Association (EVCA
) considered how favourable or unfavourable the tax and legal environments of 21 coutries were for the development of private equity and venture capital, and the promotion of entrepreneurship and competitiveness.
The European Union's PHARE (EVCA
, 1997), TACIS (TACIS, 1997), and European Bank for Reconstruction and Development (EBRD) support numerous microcredit programs in countries of the former Soviet Union and Eastern Bloc (OECD, 1996).