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Europevc Investment Dips 5% To *1.18 Billion In 3rd Quarter As Deal Activity Nears Historic Low; Dow Jones VentureSource Finds European IT Industry In Particular Seeing Record-Low Deal Count, Investment; Ongoing Boom In Energy Investments Among Region's Few Bright Spots.

Publication: M2 Presswire
Publication Date: 19-NOV-08 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-19 November 2008-DOW JONES: Europevc Investment Dips 5% To *1.18 Billion In 3rd Quarter As Deal Activity Nears Historic Low; Dow Jones VentureSource Finds European IT Industry In Particular Seeing Record-Low Deal Count, Investment; Ongoing Boom In Energy Investments Among Region's Few Bright Spots(C)1994-2008 M2 COMMUNICATIONS LTD

RDATE:19112008

LONDON and NEW YORK -- Europe's venture capital industry saw deal activity and investment slow in the third quarter of 2008 with 209 deals completed-the second-lowest quarterly total on record-and

*1.18 billion invested, a 5% drop from the

*1.24 billion invested in 245 deals during the same period last year, according to Dow Jones VentureSource (www.venturecapital.dowjones.com). Most notably, European information technology (IT) companies accounted for just 85 deals and

*387 million in investment, 23% below the

*500 million invested in 114 IT deals during the third quarter of 2007, which mark the lowest quarterly deal and investment totals for the industry since Dow Jones VentureSource began tracking European venture investment in 1999.

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