High tech had neither the highest deal count nor the highest deal value last year. But it did make the largest deals. Thomson Reuters data shows the top two deals took place in high tech: Bain Capital‘s $17.9 billion buyout of Toshiba Memory and Blackstone’s $17 billion acquisition of Refinitiv.
For the second year in a row, energy and power was the top industry in dealmaking, ranked by volume. Yet despite missing the top slot since 2016, high tech is the only industry within that time to cross the $100 billion threshold, Thomson Reuters data shows.
Emerging managers raised more than $1.6 billion in the last few weeks of 2018. Venture firms were responsible for more than $213 million of that. Among the active fundraisers, Underscore.VC led the venture capital charge. Its sophomore fund was oversubscribed at $140 million, as reported by VCJ. Singapore-based Play Ventures was founded by game entrepreneurs […]
After a rough year, 88 companies, a quarter of them from the retail sector, will look forward to a fresh start. These PE-sponsored companies received distressed ratings. They’re defined as holding credit ratings of B- or lower with a negative outlook from S&P or a corporate-family rating of Caa1 or lower with a negative outlook from […]
Even in a strong fundraising market, all but the most sought-after GPs still generally take more than a year to raise their funds. Buyouts Insider 2018-2019 PE/VC Partnership Agreements Study found that most North American venture and buyout funds spend about 12 months to 18 months raising money. Download as an Excel file: Charts of the […]
Investors may press GPs to put more money into their own funds to better align the interests of LPs and GPs. According to the 2018-2019 PE/VC Partnership Agreements Study, investors would like to see a 2 percent GP commitment become the new standard and 5 percent for established firms.
University of Texas/Texas A&M Investment Management Co received more than $471.6 million in distributions from private equity funds from 2015. That year, the pension fund made its largest commitment to PE on record. Half that distribution ($237.3 million) came from Asian and South Asian funds. All told, UTIMCO in 2015 committed more than $2.8 billion to […]
U.S.-based buyout and mezzanine fundraising continued its strong finish to 2018, adding more than $18 billion since the last issue of Buyouts. The YTD 2018 total now stands at more than $227 billion and surpassed its YTD 2017 total by $12 billion, or 5.6 percent. Large funds were to thank for the surge. Siris Capital […]
Investment bank Goldman Sachs and law firm Kirkland & Ellis led rival advisers on completed M&A deals through the fourth quarter of 2018, according to league tables from Thomson Reuters. Goldman Sachs dominated most advisers when ranked by deal volume. The investment bank also led or was near the top across most industries, geographic locations […]
Here are the key statistics in private equity fundraising, deals and exits for the fourth quarter of 2018. Download the “Buyouts Insider Q4 2018 Highlights” slide show as a PowerPoint: Buyouts Insider Q4 2018 Highlights
Emerging managers raised more than $3.3 billion in the past few weeks. Venture firms were responsible for more than $497 million of that. Among the active fundraisers, Matrix Partners led the venture capital charge. Its third India fund closed at more than $320 million. Jay Z’s new startup platform, Arrive, has raised $20 million for […]
U.S.-based buyout and mezzanine fundraising surged since the last issue of Buyouts, adding more than $26.8 billion to the YTD 2018 total, which crossed the $200 billion threshold as the year comes to a close. The 2018 fundraising surpassed its YTD 2017 total by $7.5 billion, or 3.4 percent. One megafund in particular was responsible […]
After the Q3 M&A exit market was the weakest of the year, the fourth quarter turned out to be the strongest. U.S.-based PE-backed exits posted the highest total value since Q4 2017’s $55.2 billion. All told, sponsors in the fourth quarter closed 123 deals totaling more than $34.6 billion, Thomson Reuters data showed. That compared […]
In the strong fundraising environment, a majority of GPs are getting their funds raised at a normal pace. Only a small percentage of North American buyout and venture funds seek extensions to their fundraising periods, according to the 2018-2019 PE/VC Partnership Agreements Study. Download as an Excel File: Charts of the Week 12.24
Emerging managers raised more than $1.7 billion in the past few weeks, with venture firms responsible for more than $125.6 million of that. Among the active fundraisers, Clean Energy Venture Group led all firms. Its first flagship raised more than $56.5 million and will be targeting clean energy companies. Mumbai-based Blume Ventures provides seed capital […]
PE firms appear to be betting big on technology. As of November 2018, 1,079 tech-focused PE-backed deals were announced, Preqin reports. That’s slightly behind the total for 2017 (1,096). What’s more, tech-focused assets under management reached a record in March 2018 at $569 billion. Download as an Excel file: Charts of the Week 12.3
It was a slower week for U.S.-based buyout and mezzanine fundraising since the last issue of Buyouts, but it still added more than $3.4 billion to the year-to-date 2018 total, which now exceeds $182.1 billion. The year continues to close in on last year’s tally, trailing by $10.6 billion, or 5.5 percent. Trilantic Capital Partners […]
Add-ons and buyouts have jockeyed as the leading investment strategy for PE-backed deals for tech, according to Preqin. Thus far in 2018, 449 global tech deals have been add-ons, a five-year high. There have been 331 buyouts in 2018; there were 375 in 2017. Download as an Excel file: Charts of the Week 12.3