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 | PitchBook Newsletter | | Private Equity Edition |
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| Powered by the PitchBook Platform. Learn more» | | 522,666 Deals | 34,088 Funds | 22,638 Limited Partners | 26,539 Advisors | |
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WEDNESDAY, MARCH 30, 2016  | |
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PE investors close record number of fintech deals in 2015 The fintech vertical is well-known to be backed by billions of venture capital dollars, and private equity investors seem similarly eager to buy in. According to the PitchBook Platform, PE firms closed 95 investments in fintech companies in 2015, a 79% jump from activity just three years earlier.
Click here for more and to see the most active PE investors in fintech since 2010. |
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Our newest Deal Terms report arrives tomorrow Curious about the latest trends in debt levels, fees, EBITDA multiples, closing times and more? Our new Deal Multiples & Trends Report surveys PE professionals from around the globe to get first-hand knowledge into the current dealmaking environment.
Be sure to check back tomorrow for free access. Until then, you can visit our library to download any of our archived reports. |
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2010 Vintage U.S. Funds-of-Funds | $100 million - $250 million | | | Median IRR: | 10.10% | | Top Quartile IRR Hurdle Rate: | 12.30% | | Median TVPI: | 1.3x | | Average Amount Contributed: | $114.94 million |
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Select Top Performers (based on net IRR) | | |
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Advent to acquire majority stake in ATI Physical Therapy Arsenal builds specialty foam platform PE backers support marketing acquisition Trive backs Iowa Northern Railway | Trive Capital has announced an investment in Iowa Northern Railway, a short-line railroad that primarily serves customers in the grain, fertilizer and specialty chemical markets. | Logistics Cedar Rapids, IA | |
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PE-backed APE buffs portfolio with Corrosion Specialties buy Silverfleet buys Coventya stake from Equistone | Silverfleet Capital has agreed to acquire a controlling interest in Coventya from Equistone Partners Europe. Operating in 58 countries across four continents, the company is a developer, manufacturer and supplier of specialty chemicals used in surface finishing. | Specialty Chemicals Villeneuve La Garenne, France | |
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Apollo enters bid for control of Italian lender | Apollo Global Management has offered to acquire a controlling stake in Banca Carige, proposing to purchase at least €500 million worth of a €550 million share issue from the Italian bank, with the remainder reserved for existing shareholders. As part of the deal, Apollo has also reportedly bid €695 million to purchase €3.5 billion worth of non-performing loans from Carige. | Commercial Banks Genoa, Italy | |
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I Squared Capital to acquire Viridian from Arcapita | I Squared Capital has agreed to acquire Viridian Group, an independent energy company operating across Ireland and Northern Ireland, from Arcapita in a deal believed to be worth €1 billion. The all-cash transaction is expected to close in 2Q. | Electric Utilities Belfast, United Kingdom | | |
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