We’ve used this space several times to talk about the U.S. PE dealmaking landscape. Depending on which statistics you’re looking at, PE firms are targeting great companies and paying… Subscribe to Read MoreAlready a member? Log in here...
Private equity is buying startups more often Private equity isn’t known as a big buyer of VC-backed startups, but that’s beginning to change. There were 119 buyouts of VC-backed companies in 2014, a substantial increase (35%)… Subscribe to Read MoreAlready a member? Log in here...
Fewer take-privates, more carve-outs When the $8.7 billion take-private offer for Petsmart was announced in December, some wondered if we were headed back to a more familiar private equity scene,… Subscribe to Read MoreAlready a member? Log in here...
High Tide for Secondary Buyouts It isn’t too surprising that secondary buyouts (SBOs) hit a record by count in 2014. Globally, 707 SBOs closed last year valued at a combined $116.9 billion. The latter… Subscribe to Read MoreAlready a member? Log in here...
The PE-strategic battle continues PE firms and strategic buyers have been waging a deal war the past few years. Both sides have complained about the advantages the other side has, but most PE executives will readily admit… Subscribe to Read MoreAlready a member? Log in here...
Hold times are leveling out Hold times for PE portfolio companies have been steadily creeping upward since about 2009, peaking around five and a half to six year medians…. Subscribe to Read MoreAlready a member? Log in here...
Are funds-of-funds becoming obsolete? Funds-of-funds have been in the news lately, but not for good reasons. Some major LPs are talking about cutting their exposure to the asset class, possibly altogether…. Subscribe to Read MoreAlready a member? Log in here...
The PE Fundraising Trail Never Looked So Good Blackstone CEO Steve Schwartzman made headlines this week after saying he has “begged, literally begged” young PE execs not to strike out on their own… Subscribe to Read MoreAlready a member? Log in here...
The U.S. Company Inventory is Plateauing One of the concerns facing private equity over the past few years is the rising number of companies under PE control. The U.S. company inventory,… Subscribe to Read MoreAlready a member? Log in here...
Record Year for Middle Market The U.S. middle market is usually responsible for ~60% – 70% of PE activity in any given year. Not in 2014. Last year the middle market accounted for 78% of all PE activity by count,… Subscribe to Read MoreAlready a member? Log in here...