|
 | PitchBook Newsletter | | Private Equity Edition |
|
| |
| Powered by the PitchBook Platform. Learn more» | | 523,943 Deals | 34,112 Funds | 22,640 Limited Partners | 26,593 Advisors | |
|
FRIDAY, APRIL 1, 2016  | |
|  | |
|
A visual breakdown of global PE activity in 1Q 2016 With the first quarter of the year coming to an end, it's time to look back and see what trends have emerged within the private equity industry. Powered by the PitchBook Platform, our quarter-end PE datagraphic breaks down global private equity numbers for 1Q 2016, including deal and exit activity, fundraising, the most active investors and more.
Click here to check it out. | |
| Click to enlarge |
|
|
|
|
2006 Vintage U.S. Buyout Funds with B2C Investments | | Median IRR: | 10.00% | | Top Quartile IRR Hurdle Rate: | 14.04% | | Median TVPI: | 1.6x | | Average Amount Distributed: | $2.58 billion |
| | | Select Top Performers (based on net IRR) | | |
| Benchmark, Peer Group & Returns Data on 20,000 Funds
PitchBook, setting a higher bar for performance benchmarking |
|
Anbang withdraws $14B Starwood offer | Mere days after submitting the bid, a consortium led by China’s Anbang Insurance Group has pulled back its $14 billion takeover offer for Starwood Hotels & Resorts Worldwide (NYSE: HOT). The move opens the door for Marriott International (NASDAQ: MAR) to instead acquire Starwood per an agreement signed last week, before Anbang (along with co-investors J.C. Flowers & Co. and Primavera Capital) submitted a competing proposal. Marriott's cash-and-stock offer values Starwood (excluding its timeshare business) at about $13.3 billion, based on Marriott's closing stock price Thursday. | |
|
THL Partners ups investment in Ceridian | Thomas H. Lee Partners has taken part in a $150 million growth investment in Ceridian, a tech company focused on human resources. The firm previously participated in a $5.3 billion buyout of Ceridian in 2007. | Human Capital Services Minneapolis, MN | |
|
|
Roark’s Driven Brands adds Take 5 Oil Change AUA Equity continues building refrigerated foods platform Atlantic Bridge holds first close on Fund III | Atlantic Bridge has held a first close on €140 million for its third flagship fund, which will invest in tech companies across the U.K., Ireland and Europe. | Dublin, Ireland PE Growth |
|
|
RLH set to exit Bluewolf to IBM | Riordan, Lewis & Haden has agreed to sell Bluewolf Group to IBM (NYSE: IBM). A longtime consulting partner of Salesforce, Bluewolf is a provider of cloud consulting and implementation services. IBM will incorporate the company into its interactive experience division. | Consulting Services New York, NY | |
|
|
McCarthy Capital inks $353M | McCarthy Capital has announced a final close of its sixth flagship fund on $353 million. The oversubscribed vehicle, which originally targeted $250 million, will be used to invest in high-growth companies in the lower middle market. | |
|
Sun Capital funds deemed liable for bankrupt company’s $4.5M owed to pension | A Massachusetts federal judge has ruled that Sun Capital Partners III and IV are liable for about $4.5 million owed by bankrupt former portfolio company Scott Brass for withdrawing from the multi-employer New England Teamsters & Trucking Industry Pension Fund. The ruling takes an expansive interpretation of the First Circuit's new "investment plus" standard that removes the immunity enjoyed by passive investors using certain fees paid to the PE funds to prove active management of the business in this case. | |
|
Krauter hires Phil Dixon to lead West Coast M&A Practice | Krauter & Company has hired Phil Dixon to lead the growth of the firm’s private equity service offerings on the West Coast from its San Francisco office. Dixon previously worked as a managing director in Aon’s M&A Solutions. | Insurance Firm New York, NY |
|
|
|
| The best tool for private
equity professionals to: | |
|
Want to learn more? Contact our team of private equity specialists. US +1 (206) 623-1986 UK +44 (0)207-190-9809 demo@pitchbook.com |
|
|
