The ability to source a deal isn’t much to brag about these days, with only the rarest of deals actually getting completed. Look no further than Carlyle Group, which is laying off 100 employees, a including a number of its deal team members, for proof.
The decline in deals is apparent in a report released by PitchBook Data:
For the first three quarters of 2008, there were 1,302 completed deals, a 33% decline from the 1,936 deals over the same period a year ago.
Still, 1,302 deals is nothing to sneeze at, and there are plenty of firms out there striking deals, just at a much, much slower pace than, say, two years ago. I believe the phrase I keep hearing is “Ten times more work for one tenth of the results.”
In the report, PitchBook lists the top 50 most active private equity firms year to date. Guess what? Layoff-burdened Carlyle Group is listed as number three! (However I think they’ve now been passed by Sun Capital, as the firm told me it’s done 23 deals this year, not 19 as PitchBook reports.) Follow the jump to see them all.
Investor Name | Deal Count | |
GS Capital Partners | 32 | |
Warburg Pincus | 26 | |
The Carlyle Group | 21 | |
Sun Capital Partners | 19 | |
The Riverside Company | 19 | |
Audax Group | 18 | |
H.I.G. Capital | 18 | |
The Blackstone Group | 17 | |
Lindsay Goldberg | 17 | |
TPG Capital | 17 | |
Marwit Capital | 15 | |
Parthenon Capital | 15 | |
Bain Capital | 15 | |
Kayne Anderson Capital Advisors | 14 | |
American Capital Strategies | 14 | |
Weston Presidio | 13 | |
Summit Partners | 13 | |
Silver Lake Partners | 12 | |
Allied Capital | 12 | |
Providence Equity Partners | 12 | |
Veronis Suhler Stevenson | 12 | |
Wind Point Partners | 11 | |
Hellman & Friedman | 11 | |
Lake Capital | 11 | |
Banc of America Capital Investors | 11 | |
Arlington Capital Partners | 11 | |
ABRY Partners | 10 | |
First Reserve | 10 | |
GTCR Golder Rauner | 10 | |
Housatonic Partners | 10 | |
Riverstone Holdings | 10 | |
Pegasus Capital Advisors | 10 | |
Welsh, Carson, Anderson & Stowe | 10 | |
CI Capital Partners | 9 | |
Kohlberg Kravis Roberts | 9 | |
DLJ Merchant Banking Partners | 9 | |
Gryphon Investors | 9 | |
Monomoy Capital Partners | 9 | |
Equity Based Services | 9 | |
KRG Capital Partners | 9 | |
Nautic Partners | 9 | |
Wachovia Capital Partners | 9 | |
Kelso & Co. | 8 | |
Apollo Investment Management | 8 | |
Fidelity Equity Partners | 8 | |
Sterling Partners | 8 | |
Centre Partners | 8 | |
Harbert Management | 8 | |
Huron Capital Partners | 8 | |
Peninsula Capital Partners | 8 |