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 | PitchBook Newsletter | | Private Equity Edition |
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| Powered by the PitchBook Platform. Learn more» | | 518,813 Deals | 34,054 Funds | 22,556 Limited Partners | 26,368 Advisors | |
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FRIDAY, MARCH 18, 2016  | |
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Here are some highlights from our PE content this week:
• You can find podcasts about anything these days, even private equity. We put together a list of the best PE and M&A podcasts that will help make your next flight, drive or bus ride pass by in the blink of an eye: click here to check it out.
• Post-recession, IRR spreads for PE funds tightened across the board. Since 2010, though, the spread has clearly widened. What's the cause, and will the trend continue? Read our analysis. | • In the past decade, PE investment in Germany has been something of a bellwether for activity in Europe as a whole. For details, plus a list of the most active PE investors in Germany, click here.
• Vista Equity Partners has set a hard cap of $10 billion for its latest flagship fund. We broke down Vista's recent fund performance and compiled a list of notable tech-focused vehicles.
• Chinese investor Anbang Insurance Group floated offers for two different hotel chains this week. The specifics of Anbang's bids and a list of the busiest firms in the space can be found here. |
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U.S., European secondary funds collect massive sums since 2015 Partners Group has announced the closing of its latest secondary investment fund on its hard cap of €2.5 billion. While certainly a hefty sum, it's surprisingly dwarfed by a handful of other recent massive secondary funds.
Did you know almost half of U.S. and European secondary funds from the past decade worth $3 billion+ have vintage years from 2013 to 2015? Click here to read more. |
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2006 Vintage U.S. Buyout Funds | $250 million - $500 million | | | Median IRR: | 11.90% | | Top Quartile IRR Hurdle Rate: | 15.33% | | Median TVPI: | 1.6x | | Average Amount Distributed: | $354.34 million |
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Select Top Performers (based on net IRR) | | |
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H.I.G. backs Brazilian pharmaceutical companies | H.I.G. Capital has completed a strategic investment in Halex Istar to facilitate the acquisition of Isofarma; both companies manufacture pharmaceutical solutions in Brazil. | Pharmaceuticals Manufacturing
Goiânia, Brazil | |
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Nautic Partners recaps ExactCare | Nautic Partners has partnered with company management to invest in and recapitalize ExactCare Pharmacy. The company specializes in medication management for patients with multiple medical conditions who are taking numerous medications. | Pharmaceuticals Valley View, OH | |
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Clearlake powers Globe Energy with recap | Clearlake Capital Group has recapitalized Globe Energy Services in partnership with company management and existing stakeholders. The company provides oilfield services in the southwest U.S. | Energy Transportation Snyder, TX | |
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Liberty Hall buys British component business Cinven in exclusive negotiations to sell Prezioso | Cinven has entered into exclusive negotiations to sell Prezioso Linjebygg Group to Altrad Group. The company provides multidisciplinary technical and engineering services to the energy and infrastructure sectors. | Energy Infrastructure Vienne, France | | |
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GHF advises Weaver Leather on acquisition Charlie Burckmyer joins JMC Capital Partners Sutton Hill names Rebecca Converse MD |
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Want to learn more? Contact our team of private equity specialists. US +1 (206) 623-1986 UK +44 (0)207-190-9809 [email protected] |
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