IPEM Cannes 2024 – From consumer tech growth to strategic carve-outs, will 2024 see improved deal flow?
European growth capital had a particularly strong year in 2022. According to Invest Europe it was the best performing segment, generating a net IRR of 15.34%. Over a three- and five-year period, European growth funds – which typically take minority stakes in high growth firms that are cashflow positive yet lack a long enough track record to take on significant debt (as one would see in buyouts) – have generated 21.63% and 20.39%.
