| |
| How are the year's US PE-backed IPOs performing? |
|  | | click to enlarge |
|
|
Our 2016 US PE & VC IPO Trends report is hot off the virtual presses, offering a breakdown of the year's ebbs and flows in the activity of privately held companies transitioning to the public markets—including IPO counts, dollar amounts and sector-by-sector analysis.
What the report doesn't cover fully, though, is what happened once these companies started trading... |
|
| | | | | | | PE buyers still rooting for value in lower reaches of US middle market |
|  | | click to read our analysis |
|
|
The proliferation of PE funds into all reaches of the US middle market has been well documented. And increased activity in the lower and core segments is easy to see, particularly when assessing median transaction size, which declined from a high in 2014 to $133 million last year and $128.6 million through the end of 3Q.
The slides aren’t dramatic, of course, but as can also be seen in the relatively more resilient dealmaking within the lower middle market, firms are responding to competitive and high-priced conditions by sourcing more widely. At this point, the question that comes up is... |
|
| | | | | | | Permira set to finalize €7.3B fund |
| Permira has ceased fundraising for its sixth flagship buyout fund after gathering €7.25 billion in less than a calendar year, according to the Financial News. The pool of capital represents a notable increase from the firm’s Permira Europe V, which closed on €5.3 billion in 2014. The vehicle will also surpass the Sixth Cinven Fund as the largest buyout fund raised in Europe so far this year, according to the PitchBook Platform.
About a month ago, those two giants of the European private equity industry teamed up with Mid Europa Partners to buy Allegro, an online auction site known as the Polish eBay, from Naspers for $3.25 billion.
PitchBook Platform users can learn more about Permira's previous fund performance. |
|
| | | | | | | | The Carlyle Group invested $400 million in a Moroccan oil refinery last year. The firm won’t be seeing that money again. [The Wall Street Journal]
What will the post-election future hold for Tesla and other cleantech-focused companies? [Bloomberg]
An in-depth look at how consumer goods companies can best benefit from digital innovation. [McKinsey]
PepsiCo CEO Indra Nooyi is tired of being blamed for the health consequences of her company’s products. After all, she didn’t invent sugar. [Business Insider] |
|
| | | |
|
|
| |
| Since yesterday, the PitchBook Platform added: | | 173 Deals | 1204 People | 459 Companies | 2 Funds |
| | |
|
|
| |
| |
| |
| |
| |
| |
| 2011 Vintage US Venture Funds with B2C Investments |
| | Median IRR | | | | Top Quartile IRR Hurdle Rate | | | | 1.48x Median TVPI | 1.16x Median RVPI |
| | | | *IRR: net of fees | | 77 Funds in Benchmark » |
| | | |
|
|
| |
| |
| Graham backs Mercer Foods |
| | Food Products | Modesto, CA | PE Growth |
| | | | | | | Investors Management buys IDOC stake from Riverside |
| | Practice Management | Norwalk, CT | Secondary Buyout |
| | | |
|
|
| |
| |
| US election leads to delayed Aussie IPO |
| | Energy Production | Sydney, Australia |
| TPG has elected to postpone a planned float of Alinta Energy in Australia into next year, citing market volatility in the wake of the US election and closeness to Christmas, according to reports. TPG has backed the utility company, which operates seven power stations and provides energy for nearly 800,000 customers in Australia and New Zealand, since 2011. |
|
| | | |
|
|
| |
| | | Industrial Supplies & Parts | Stockholm, Sweden | Corporate Acquisition |
| Ratos has agreed to sell its entire stake in Mobile Climate Control, a provider of climate systems for commercial vehicles, to VBG Group (STO: VBG-B) for an enterprise value of SEK1.8 billion (about €183 million). Ratos reports a gain of approximately SEK250 million, an IRR of about 10% and a money multiple of 2.2x on its exit from an investment made in 2007. |
|
| | | |
|
|
| |
| NGP-backed WildHorse eyes IPO |
| | Energy Exploration | Houston, TX | IPO |
| WildHorse Resource Development has filed plans to raise $650 million in an upcoming IPO on the NYSE under the symbol WRD. Natural Gas Partners has backed WildHorse, which is an acquirer and developer of oil & gas assets in southeast Texas and north Louisiana, since the company’s formation. |
|
| | | | | | | Blackstreet sells Premier Care stake to management |
| | Consumer Durables | South Daytona, FL | Buyout |
| Blackstreet Capital has divested its stake in Premier Care in a management buyout led by company CEO Ron Greene. Premier Care provides safe-bathing solutions for seniors, veterans, and those with limited mobility or disabilities. Blackstreet had acquired the company's assets through a foreclosure sale in June. |
|
| | | |
|
|
| |
| Huron targets $100M for flex equity fund |
| | Huron Capital Partners has set its sights on a $100 million target for its first flex equity fund, which the firm will use to pursue minority investments in the lower middle market with a focus on the B2B, B2C and manufacturing sectors. Huron's last fundraising was for its fourth flagship buyout fund, which closed on $500 million in 2013. |
|
| | | |
|
|
| |
| |
.jpg)
