The latest numbers for U.S. private equity cash flows reveal just how successfully firms have taken advantage of recent exit opportunities. As of the end of 3Q 2014, PE distributions back to LPs were a huge $205.9 billion while contributions were a more modest $99 billion,… Subscribe to Read MoreAlready a member? Log in here...
80% of 1Q Healthcare Buyouts were Add-ons Bain & Company did a recent study on healthcare investing, looking at investment trends from a breadth and depth perspective. Turns out that healthcare buyers, both strategic and financial,… Subscribe to Read MoreAlready a member? Log in here...
The Decline of Platform Buyouts We’ve talked previous about the decline of platform buyouts, as add-ons rise and competition from strategic acquirers makes platform targets more expensive from a valuation perspective. While that’s still undoubtedly true,… Subscribe to Read MoreAlready a member? Log in here...
U.S. Middle Market Shows No Signs of Slowing PE picked up where it left off in the middle market, notching 418 deals in the first quarter for a combined $69 billion. Both totals are in line with typical quarter numbers in 2014, which turned out to be a record year…. Subscribe to Read MoreAlready a
Data drives the finance industry. Private equity is no exception – once the calendar flips to January 1, we tally the industry’s annual total and compare it to… Subscribe to Read MoreAlready a member? Log in here...
We expected to see a strong start this year for PE deal flow in the U.S. What we found was pretty subdued, especially considering the relatively soft fourth quarter that closed out 2014. Typically, fourth quarter numbers are… Subscribe to Read MoreAlready a member? Log in here...
Andy Kessler published an attention-getting op-ed in the Wall Street Journal this week. “The glory days of private equity are over,” he says, citing rising interest rates, more PE firms competing for… Subscribe to Read MoreAlready a member? Log in here...
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...