Paraphrasing (1st paragraph)
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Over the last three to four years a growing number of American venture capital and private equity firms have set up shop in Europe and billions of dollars have been raised for venture capital funds. With their home market already mature and well exploited they looked to expand to new pastures. Advanced research in areas such as telecommunications and biotechnology, environments that are increasingly favorable to private equity as well as the success of new markets such as the Neuer Markt and techMARK are all factors that encouraged the Americans to take a close look at the European market. Over the last five years, there has been a transformation of Europe’s business and corporate environment in which private equity firms have emerged as sources of new investment, higher employment and value creation. In particular, Europe’s business community increasingly understands and appreciates the role that private equity investment has played in reshaping American business over the past 20 years.
The main idea of the paragraph
With the home market already mature and well exploited, and with Europeans understanding and appreciating the role of private equity investment has played, American venture capital and private equity firms are beginning to aim at European market.
随着国内市场已经饱和并已得到充分开发，以及随着欧洲人逐渐了解私募股本投资所起的作用，美国的风险投资公司和私募股本投资公司开始瞄准欧洲市场。
词语解释
1、Neuer Markt 法兰克福证交所的新股市
The Neuer Markt（The New Market） was launched as a trading segment for technology companies at Frankfurt Stock Exchange in Germany on March 10, 1997. It was introduced as a subsidiary of the Deutsche Borse AG, with the objectives to attract small-to-medium-sized, young technology firms. The number of companies that have gone public in Germany or rather on the New Markt, increased dramatically during the IPO boom period. However, as a consequence of the downturn of shares listed at the Neuer Markt since March 2000, the going public of companies became much more difficult. Deutsche Borse Group, based in Frankfurt, is Neuer Markt’s parent company. The Group provides access to capital markets for companies and investors and is currently the leading provider of infrastructure services for the securities industry, with some 2,000 customers and a focus on Europe, the Americas and Asia.
2、techMARK 伦敦证交所的技术板股市
Since its launch in 1999 at London Stock Exchange , techMARK has established itself as a global market for shares of businesses enjoying a cutting edge in technological innovation. techMARK succeeds in meeting the requirements of both innovative technology businesses and a wide variety of investors. Companies on techMARK are active across all sectors of commercial and industrial activities, range from established multinationals to small start-up businesses and share a commitment to innovation, and a desire for global visibility and a London listing. Innovative companies are attracted to list in London by its deep pool of capital, unrivalled equity culture, high liquidity, advanced trading system and sophisticated international investment community. Membership of techMARK is open to all innovative technology companies regardless of their size, country of origin or currency of the share trading.
