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 | PitchBook Newsletter | | Private Equity Edition |
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| Powered by the PitchBook Platform. Learn more» | | 524,667 Deals | 34,127 Funds | 22,640 Limited Partners | 26,623 Advisors | |
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MONDAY, APRIL 4, 2016  | |
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A visual recap of global M&A in 1Q 2016 Continuing our 1Q 2016 coverage, we take a visual look at global M&A activity, which saw a decline in both deal count and value YoY.
To survey M&A deal flow by sector and quarter, the most active financial and strategic acquirers, the largest deals of 1Q and more, click here to check out our latest datagraphic. |
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As PE investment slows, competition for quality remains fierce Although overall deal value remains fairly strong on a historical basis, it’s clear U.S. PE investment is experiencing a downturn. Yet, even in a slowing 4Q 2015, median EV/EBITDA multiples for companies with enterprise values exceeding $250 million remained on the higher end.
So what's in store for deal multiples going forward? Click here to read our analysis. |
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Don’t miss our new Deal Terms Report! What trends are primarily shaping the current private equity dealmaking landscape? Our new Deal Multiples & Trends Report collates surveys from industry professionals as well as investment metrics sourced from the PitchBook Platform to provide answers.
Highlights include:
• Dealmaker sentiment on deal flow, anticipated revenue change
• Median EBITDA multiples broken down by enterprise value
• Debt and equity levels
• Analysis of fee levels
Click here to get free access to the report! |
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2008 Vintage U.S. Growth Funds | | Median IRR: | 8.00% | | Top Quartile IRR Hurdle Rate: | 10.40% | | Median TVPI: | 1.3x | | Average Amount Distributed: | $194.72 million |
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WCAS completes QuickBase acquisition | Welsh, Carson, Anderson & Stowe announced it has completed its acquisition of Intuit’s (NASDAQ: INTU) QuickBase business. Used by over 6,000 customers, QuickBase offers a platform with a low-code interface that enables users to create custom applications without learning code. | Database Software Cambridge, MA | |
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DFW backs Superior Controls | DFW Capital Partners has completed an equity investment in Superior Controls, a provider of systems integration and automation services primarily to the biotech industry. Alcentra Capital provided debt financing as well as an equity investment alongside DFW and management. | Commercial Services Seabrook, NH | |
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JFLCO invests in American Scaffold | J.F. Lehman & Company has acquired American Scaffold in partnership with company management. The business provides scaffolding systems and environmental containment solutions for the maintenance, repair and overhaul of U.S. government vessels. | Commercial Products San Diego, CA | |
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EQT to acquire TCV-backed Sitecore | EQT has agreed to acquire a majority equity stake in Sitecore from its founders, Technology Crossover Ventures and other minority shareholders; the deal values the company at around €1 billion. Sitecore offers customer experience management software, including a platform that manages content, supplies contextual intelligence and automates communications at scale. | Business Software Copenhagen, Denmark | |
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Vista exits TransFirst in $2B+ sale | Vista Equity Partners has completed the sale of TransFirst to TSYS (NYSE: TSS) in a transaction valued at about $2.35 billion. TransFirst provides secure transaction processing services and payment enabling technologies. | Financial Software FinTech
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TA Associates closes sale of Cosentry Columbia Pacific Advisors sells three outdoor apparel brands Franklin Square names Lewis Katz chief business development officer | In his new role at Franklin Square Capital Partners, Lewis Katz will develop new growth opportunities. He will also help diversify distribution into new sales channels by collaborating across the firm to expand its financial technology, marketing and educational initiatives. | PE/Buyout Philadelphia, PA |
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