pe & vc global 4 13 27 - PitchBook

PITCHBOOK 2013 GLOBAL PE & VC. LEAGUE TABLES. CONTENTS. Methodology. PE Firms. VC Firms. Lenders. I-Banks, Advisors/Accountants. Law Firms. Acquirers. 3. 4. 13. 21. 24. 27. 33. CREDITS & CONTACT. PitchBook Data, Inc. JOHN GABBERT Founder, CEO. ADLEY BOWDEN Senior Director, Analysis. Content.
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PitchBook

Bet ter Data. Bet ter Decisions. 2013

PE & VC GLOBAL

LEAGUE TABLE REPORT

4

Pg.

2013’s most active PE firms worldwide

13

Pg.

A look at the most active VC firms of 2013

27

Pg.

Which law firms came out on top?

CONTENTS 3

Methodology

4

PE Firms

13

VC Firms

21

Lenders

CREDITS & CONTACT PitchBook Data, Inc. JOHN GABBERT Founder, CEO ADLE Y BOWDEN Senior Director, Analysis

Content JAMES G ELFER Editor ALLEN WAG NER Senior Writer

Design ALLEN WAG NER Senior Writer JAMES G ELFER Editor J ENNIFER SAM Designer

24

I-Banks, Advisors/Accountants

27

Law Firms

33

Editing & Data Analysis YNNA CARINO Editor PETER FOG EL Senior Data Analyst

Cover Photo Courtesy of Chris MacDonald, Wikimedia Commons

Contact PitchBook

Acquirers

www.pitchbook.com RESE ARCH [email protected] EDITORIAL [email protected] SALES [email protected]

WANT TO BECOME A SPONSOR? PitchBook reports reach thousands of industry professionals every month. Contact us for the opportunity to advertise or sponsor. Email Lisa Helme Danforth Managing Director, Strategic Business Development

PitchBook

Bet ter Data. Bet ter Decisions.

2013

PE & VC GLOBAL

LEAGUE TABLE REPORT

4

Pg.

2013’s most active PE firms worldwide

13

Pg.

A look at the most active VC firms of 2013

27

Pg.

Which law firms came out on top?

COPYRIGHT © 2014 by PitchBook Data, Inc. All rights reserved. No part of this publication may be reproduced in any form or by any means—graphic, electronic, or mechanical, including photocopying, recording, taping, and information storage and retrieval systems—without the express written permission of PitchBook Data, Inc. Contents are based on information from sources believed to be reliable, but accuracy and completeness cannot be guaranteed. Nothing herein should be construed as any past, current or future recommendation to buy or sell any security or an offer to sell, or a solicitation of an offer to buy any security. This material does not purport to contain all of the information that a prospective investor may wish to consider and is not to be relied upon as such or used in substitution for the exercise of independent judgment.

[email protected]

2 P I TC H B O O K 2013 G LO B A L P E & VC L E AG U E TA B L E S

METHODOLOGY LEAGUE TABLES

U.S. REGIONS

All league tables are compiled using the count of completed deals for the specified deal type, region and/or other criteria.

West Coast: Alaska, California, Hawaii, Oregon, Washington

PRIVATE EQUITY (PE) DEALS The report includes all PE investments (buyout, growth, PIPE, recapitalization and add-on), excluding real estate investments. Only investments made directly by PE investors or their portfolio companies are counted. Buyout deals are defined as transactions in which the PE investor receives a controlling ownership stake in the target company. Growth deals are defined as minority investments. Add-on deals are defined as acquisitions by companies with private equity backing.

VENTURE CAPITAL (VC) DEALS This report includes all VC investments (including seed/angel). Only investments made directly by VCs, incubators/accelerators and angels are counted.

LENDERS Lender league tables look at completed PE deals the lender provided debt financing for in a given time period or region. The transaction must involve equity provided by a PE firm. In league tables for debt-only financings, the transaction must involve debt financing to a company that is PE- or VC-backed.

SERVICE PROVIDERS Service provider (SP) league tables are compiled using the same criteria for deals as the other league tables. Transactions are not counted twice, meaning if the SP provided the same service to both the investor and company on one deal, it would only receive credit for one deal in the rankings, not two.

EXITS Exit league tables take into account both full and partial exits via corporate acquisition, secondary private equity buyout and IPO. Dividend recapitalizations are not taken into account in the report.

INDUSTRIES & SECTORS Companies tracked by PitchBook have a primary industry, as well as secondary industries. For this report, the primary industry was used to determine rankings by industry and sector.

Mountain: Arizona, Colorado, Idaho, Montana, Nevada, New Mexico, Utah, Wyoming Midwest: Iowa, Kansas, Missouri, Nebraska, North Dakota, South Dakota Great Lakes: Illinois, Indiana, Michigan, Minnesota, Ohio, Wisconsin New England: Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, Vermont Mid-Atlantic: Delaware, D.C., Maryland, New Jersey, New York, Pennsylvania, Virginia, West Virginia South: Arkansas, Kentucky, Louisiana, Oklahoma, Tennessee, Texas Southeast: Alabama, Florida, Georgia, Mississippi, North Carolina, Puerto Rico, South Carolina

EUROPEAN REGIONS U.K. & Ireland: United Kingdom, Ireland, Channel Islands GSA: Germany, Switzerland, Austria, Liechtenstein France/Benelux: France, Belgium, Netherlands, Luxembourg Nordic: Denmark, Faroe Islands, Finland, Greenland, Iceland, Norway, Sweden Southern Europe: Andorra, Cyprus, Gibraltar, Greece, Italy, Malta, Monaco, Portugal, San Marino, Spain Central & Eastern Europe (CEE): Albania, Belarus, Bosnia-Herzegovina, Bulgaria, Croatia, Czech Republic, Estonia, Hungary, Kosovo, Latvia, Lithuania, Macedonia, Moldova, Montenegro, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, Ukraine

REST OF WORLD Any country besides the United States or European nations.

For more information on our methodology, contact [email protected] or [email protected]

3 P I TC H B O O K 2013 G LO B A L P E & VC L E AG U E TA B L E S

PRIVATE EQUITY FIRMS CONTENTS

4

2013’s Most Active PE Investors

5

PE Investors by Deal Location

7

PE Investors by Firm HQ

9

PE Investors by Firm AUM

10 11 12

PE Investors by Deal Type PE Investors by Industry PE Investor Exits by Co. HQ

PitchBook

Bet ter Data. Bet ter Decisions.

INTELLIGENCE IN

ACTION

2013’S MOST ACTIVE PE INVESTORS GLOBAL INVESTOR

DEALS

Kohlberg Kravis Roberts

42

The Carlyle Group

34

Audax Group

32

ABRY Partners

30

The Blackstone Group

26

H.I.G. Capital

24

Oaktree Capital Management

24

Parthenon Capital Partners

22

Apollo Global Management

21

GTCR

21

Lloyds Development Capital

21

Ardian Private Equity

18

Insight Venture Partners

18

TA Associates

18

The Riverside Company

18

International Finance Corporation

17

Riverstone Holdings

17

KRG Capital Partners

16

TPG Capital

16

Babson Capital Management

15

Bain Capital

15

Canada Pension Plan Investment Board

15

Confie Seguros Insurance Services

15

Vista Equity Partners

15

PitchBook for Private Equity Firms [email protected] www.pitchbook.com

No one offers more insight on the private equity landscape than

PITCHBOOK FOR PE FIRMS What will you do with it?

4 P I TC H B O O K 2013 G LO B A L P E & VC L E AG U E TA B L E S

2013 PE Investors by Deal Location MOST ACTIVE U.S.

MOST ACTIVE GREAT LAKES

MOST ACTIVE MID-ATLANTIC

INVESTOR

DEALS

INVESTOR

DEALS

Audax Group

30

Audax Group

6

ABRY Partners

9

ABRY Partners

28

KRG Capital Partners

6

The Blackstone Group

9

Kohlberg Kravis Roberts

26

GTCR

5

Audax Group

8

Parthenon Capital Partners

22

Sentinel Capital Partners

5

Kohlberg Kravis Roberts

8

GTCR

21

TPG Capital

5

Parthenon Capital Partners

6

The Blackstone Group

18

ATI Physical Therapy

4

The Carlyle Group

6

Riverstone Holdings

17

Graham Partners

4

Great Point Partners

5

The Carlyle Group

17

Lazarus Capital Partners

4

GTCR

5

Apollo Global Management

14

Platinum Equity

4

H.I.G. Capital

14

Wind Point Partners

4

LLR Partners

14

Vista Equity Partners

14

Great Point Partners

13

Insight Venture Partners

13

KRG Capital Partners

13

Summit Partners

13

Alarm Security Group

12

AssuredPartners

12

Leonard Green & Partners

12

Thoma Bravo

12

Arsenal Capital Partners

11

Clearlake Capital Group

11

Kinderhook Industries

11

Odyssey Inv. Partners

11

TA Associates

11

MOST ACTIVE SOUTHEAST INVESTOR

MOST ACTIVE NEW ENGLAND INVESTOR

DEALS

MOST ACTIVE SOUTH

DEALS

INVESTOR

DEALS

Insight Venture Partners

4

Riverstone Holdings

Beringer Capital

3

ABRY Partners

6

Great Point Partners

3

Apollo Global Management

6

Spectrum Equity Investors

3

First Reserve

6

Technology Crossover Ventures

3

H.I.G. Capital

6

Intervale Capital

6

Parthenon Capital Partners

6

Quantum Energy Partners

6

Summit Partners

6

MOST ACTIVE WEST COAST

DEALS

INVESTOR

INVESTOR

ABRY Partners

5

Kohlberg Kravis Roberts

Apax Partners

4

GTCR

4

Vista Equity Partners

4

12

MOST ACTIVE MOUNTAIN & MIDWEST

DEALS

INVESTOR

DEALS

8

Denham Capital MGMT

7

The Carlyle Group

7

BelHealth Inv.Partners

6

Bacchus Capital MGMT

6

Sorenson Capital

5

ABRY Partners

5

GTCR

4

Altamont Capital Partners

4

Parthenon Capital Partners

4

Audax Group

4

Technology Crossover Ventures

4

The Gladstone Companies

4

5 P I TC H B O O K 2013 G LO B A L P E & VC L E AG U E TA B L E S

2013 PE Investors by Deal Location MOST ACTIVE EUROPE INVESTOR

MOST ACTIVE CEE

DEALS

INVESTOR

MOST ACTIVE FRANCE & BENELUX DEALS

INVESTOR

DEALS

Lloyds Development Capital

19

Mid Europa Partners

6

FSI Régions

8

Ardian Private Equity

15

Ardian Private Equity

3

Omnes Capital

8

Argos Soditic

13

BaltCap Management

3

Ardian Private Equity

7

Oaktree Capital MGMT

12

Elbrus Capital

3

Finorpa

7

EQT Partners

11

Genesis Capital

3

Siparex Group

7

Omnes Capital

11

Resource Partners

3

RT-Invest

3

Maven Capital Partners

10

The Carlyle Group

10

ISIS Equity Partners

9

Business Growth Fund

8

Equistone Partners Europe

8

FSI Régions

8

PAI Partners

8

Sovereign Capital

8

Cinven

7

CVC Capital Partners

7

Dunedin Capital Partners

7

Finorpa

7

Foresight Group

7

HgCapital

7

Kohlberg Kravis Roberts

7

Lyceum Capital

7

Siparex Group

7

MOST ACTIVE SOUTHERN EUROPE

MOST ACTIVE GSA INVESTOR

MOST ACTIVE NORDIC DEALS

INVESTOR

Deutsche Beteiligungs

6

EQT Partners

7

Cinven

5

Ratos

6

Argos Soditic

4

Herkules Capital

5

Cevian Capital

4

Segulah

5

BayBG

3 3

CapVest Private Capital Partners

4

Climate Change Capital Halder Holdings

3

Nordic Capital

4

SE Blue Equity

3

Valedo Partners

3

MOST ACTIVE U.K. & IRELAND INVESTOR

DEALS

MOST ACTIVE REST OF WORLD

INVESTOR

DEALS

DEALS

INVESTOR

DEALS

Argos Soditic

3

Lloyds Development Capital

19

International Finance Corp.

Dinamia Capital Privado

3

Maven Capital Partners

10

Kohlberg Kravis Roberts

9

Gradiente

3

Oaktree Capital MGMT

10

Lynx Equity

7

N+1

3

ISIS Equity Partners

9

The Carlyle Group

7

Business Growth Fund

8 8

Caisse de Depot et Placement du Quebec

6

Sovereign Capital Dunedin Capital Partners

7 7

Canada Pension Plan Investment Board

5

Foresight Group Lyceum Capital

7

TPG Capital

5

Warburg Pincus

5

13

6 P I TC H B O O K 2013 G LO B A L P E & VC L E AG U E TA B L E S

2013 PE Investors by Firm HQ MOST ACTIVE U.S. INVESTOR

MOST ACTIVE GREAT LAKES DEALS

INVESTOR

MOST ACTIVE MID-ATLANTIC

DEALS

INVESTOR

DEALS

Kohlberg Kravis Roberts

42

GTCR

21

Kohlberg Kravis Roberts

42

The Carlyle Group

34

Thoma Bravo

12

The Carlyle Group

34

Audax Group

32

Baird Capital

10

The Blackstone Group

26

ABRY Partners

30

NewSpring Capital

8

Apollo Global Management

21

The Blackstone Group

26

Sterling Partners

8

Insight Venture Partners

18

H.I.G. Capital

24

The Riverside Company

18

24

Water Street Healthcare Partners

8

Oaktree Capital MGMT

International Finance Corp.

17

Parthenon Capital Partners

22

Riverstone Holdings

17

Apollo Global Management

21

LLR Partners

14

GTCR

21

Warburg Pincus

14

Insight Venture Partners

18

TA Associates

18

The Riverside Company

18

International Finance Corp.

17

Riverstone Holdings

17

KRG Capital Partners

16

TPG Capital

16

Babson Capital Management

15

Bain Capital

15

Vista Equity Partners

15

LLR Partners

14

Providence Equity Partners

14

Summit Partners

14

Sun Capital Partners

14

Warburg Pincus

14

MOST ACTIVE SOUTHEAST

MOST ACTIVE NEW ENGLAND INVESTOR

MOST ACTIVE SOUTH

DEALS

INVESTOR

DEALS

Audax Group

32

TPG Capital

16

ABRY Partners

30

Vista Equity Partners

15

Parthenon Capital Partners

22

Quantum Energy Partners

8

TA Associates

18

The CapStreet Group

7

Bain Capital

15

Brazos PE Partners

6

Providence Equity Partners

14

OFS Energy Fund

6

Summit Partners

14

Great Point Partners

13

Denham Capital MGMT

12

MOST ACTIVE WEST COAST INVESTOR

MOST ACTIVE MOUNTAIN & MIDWEST

INVESTOR

DEALS

DEALS

INVESTOR

DEALS

H.I.G. Capital

24

Oaktree Capital MGMT

24

KRG Capital Partners

Sun Capital Partners

14

Clearlake Capital Group

13

Sorenson Capital

7 5

16

Trivest Partners

6

Leonard Green & Partners

12

CapitalSouth Partners

5

Marlin Equity Partners

11

Thompson Street Capital Partners

MSouth Equity Partners

5

Silver Lake

11

Grey Mountain Partners

4 4 4

Pamlico Capital

5

Platinum Equity

10

Peterson Partners

Ridgemont Equity Partners

5

Technology Crossover Ventures

10

Resource Capital Funds

Accel-KKR

9

Genstar Capital

9

7 P I TC H B O O K 2013 G LO B A L P E & VC L E AG U E TA B L E S

2013 PE Investors by Firm HQ MOST ACTIVE EUROPE INVESTOR

MOST ACTIVE CEE

DEALS

INVESTOR

MOST ACTIVE FRANCE & BENELUX DEALS

INVESTOR

DEALS

Lloyds Development Capital

21

Enterprise Investors

4

Ardian Private Equity

18

Ardian Private Equity

18

BaltCap Management

3

Omnes Capital

11

Argos Soditic

13

Genesis Capital

3

PAI Partners

9

EQT Partners

13

Resource Partners

3

AlpInvest Partners

8

Maven Capital Partners

11

RT-Invest

3

FSI Régions

8

Omnes Capital

11

Blue Sea Capital (Croatia)

2

Finorpa

7

Apax Partners

10

LitCapital

2

Siparex Group

7

Bregal Investments

10

Arkéa Capital Investissement

6

CVC Capital Partners

10

BlackFin Capital Partners

6

Permira

10

ISIS Equity Partners

9

Mobeus Equity Partners

9

PAI Partners

9

AlpInvest Partners

8

Business Growth Fund

8

Cinven

8

Equistone Partners Europe

8

FSI Régions

8

HgCapital

8

Lyceum Capital

8

Partners Group

8

Sovereign Capital

8

MOST ACTIVE SOUTHERN EUROPE INVESTOR

DEALS

MOST ACTIVE GSA

MOST ACTIVE NORDIC

INVESTOR

DEALS

INVESTOR

DEALS

Argos Soditic

13

EQT Partners

13

Partners Group

8

Ratos

6

Deutsche Beteiligungs

6

Cevian Capital

5

MML Capital Partners

5

Herkules Capital

5

Allianz Capital Partners

4

Segulah

5

BayBG

3

HitecVision

4

Deutsche Investitions- und Entwicklungsgesellschaft

3

Nordic Capital

4

Triton Partners

3

MOST ACTIVE U.K. & IRELAND INVESTOR

DEALS

21 Partners

4

Lloyds Development Capital

Dinamia Capital Privado

3

Maven Capital Partners

Gradiente

3

Apax Partners

N+1

3

Portobello Capital

3

Intesa Sanpaolo

21

MOST ACTIVE REST OF WORLD INVESTOR

DEALS

Canada Pension Plan Investment Board

15

10

OMERS Private Equity

10

Bregal Investments

10 10

Ontario Teachers’ Pension Plan

9

CVC Capital Partners

2

Permira

10

7

Miura Private Equity

2

ISIS Equity Partners

9

Caisse de Depot et Placement du Quebec

Nazca Capital

2

Mobeus Equity Partners

9

Lynx Equity

7

Vela Imprese

2

11

8 P I TC H B O O K 2013 G LO B A L P E & VC L E AG U E TA B L E S

2013 PE Investors by Firm AUM MOST ACTIVE $5B+ INVESTOR

MOST ACTIVE $500M-$1B DEALS

INVESTOR

DEALS

Kohlberg Kravis Roberts

42

Argos Soditic

13

The Carlyle Group

34

Great Point Partners

13

Audax Group

32

Maven Capital Partners

11

ABRY Partners

30

Kinderhook Industries

11

The Blackstone Group

26

NewSpring Capital

8

Oaktree Capital Management

24

Sorenson Capital

7

H.I.G. Capital

24

Dunedin Capital Partners

7

Apollo Global Management

21

Foresight Group

7

Lloyds Development Capital

21

Intervale Capital

7

GTCR

21

Ardian Private Equity

18

TA Associates

18

Insight Venture Partners

18

International Finance Corporation

17

Riverstone Holdings

17

MOST ACTIVE $1B-$5B INVESTOR Parthenon Capital Partners

DEALS

MOST ACTIVE $250M-$500M INVESTOR

DEALS

Hammond, Kennedy, Whitney & Co.

8

FSI Régions

8

The CapStreet Group

7

Investec

7

BlackFin Capital Partners

6

Ampersand Capital Partners

6

23

The Riverside Company

18

KRG Capital Partners

16

LLR Partners

14

Arsenal Capital Partners

13

Clearlake Capital Group

13

Marlin Equity Partners

11

INVESTOR

Omnes Capital

11

Mobeus Equity Partners

9

Odyssey Investment Partners

11

BelHealth Investment Partners

8 7

MOST ACTIVE <$250M DEALS

Catterton Partners

10

Finorpa

Bregal Investments

10

Bacchus Capital Management

6

Littlejohn & Company

10

Webster Capital

6

Baird Capital

10

OFS Energy Fund

6

Enlightenment Capital

6

Knight’s Bridge Capital Partners

6

9 P I TC H B O O K 2013 G LO B A L P E & VC L E AG U E TA B L E S

2013 PE Investors by Deal Type MOST ACTIVE BUYOUTS

MOST ACTIVE ADD-ONS

MOST ACTIVE GROWTH/EXPANSION

INVESTOR

DEALS

INVESTOR

DEALS

Audax Group

29

Audax Group

28

International Finance Corp.

13

Kohlberg Kravis Roberts

29

ABRY Partners

23

Denham Capital MGMT

11

ABRY Partners

27

GTCR Golder Rauner

20

Kohlberg Kravis Roberts

9

The Carlyle Group

27

Parthenon Capital Partners

17

H.I.G. Capital

8

Oaktree Capital MGMT

21

Kohlberg Kravis Roberts

16

Warburg Pincus

8

Parthenon Capital Partners

21

KRG Capital Partners

14

Business Growth Fund

7

Oaktree Capital MGMT

14

Riverstone Holdings

7

GTCR

20

INVESTOR

DEALS

The Riverside Company

18

The Carlyle Group

12

TA Associates

7

Apollo Global Management

17

Kinderhook Industries

10

Catterton Partners

6

The Blackstone Group

17

Silver Lake

10

Finorpa

6

H.I.G. Capital

15

The Riverside Company

10

Lloyds Development Capital

6

Lloyds Development Capital

15

Apollo Global Management

9

Omnes Capital

6

TPG Capital

15

Arsenal Capital Partners

9

Summit Partners

6

Bain Capital

14

Great Point Partners

9

The Carlyle Group

6

KRG Capital Partners

14

Insight Venture Partners

9

ACON Investments

5

Vista Equity Partners

14

Ardian Private Equity

5

13

Technology Crossover Ventures

9

Ardian Private Equity

Clairvest Group

5

Arsenal Capital Partners

13

Vista Equity Partners

9

EnCap Flatrock Midstream

5

Insight Venture Partners

13

Ardian Private Equity

8

5

Argos Soditic

12

Graham Partners

8

Hammond, Kennedy, Whitney & Company

EQT Partners

12

Leonard Green & Partners

8

Insight Venture Partners

5

Leonard Green & Partners

12

LLR Partners

8

Maven Capital Partners

5

Providence Equity Partners

12

Odyssey Inv. Partners

8

Natural Gas Partners

5

12

Permira

8

Sorenson Capital

5

Canada Pension Plan Investment Board

11

Providence Equity Partners

8

The Blackstone Group

8

Clayton Dubilier & Rice

11

Thoma Bravo

8

Kinderhook Industries

11

7

Marlin Equity Partners

11

Charlesbank Capital Partners

Silver Lake

11

CI Capital Partners

7

TA Associates

11

OMERS Private Equity

7

Thoma Bravo

11

Sovereign Capital

7

Sun Capital Partners

10 P I TC H B O O K 2013 G LO B A L P E & VC L E AG U E TA B L E S

2013 PE Investors by Industry MOST ACTIVE IN B2B

MOST ACTIVE IN B2C

INVESTOR

DEALS

Audax Group

14

INVESTOR

MOST ACTIVE IN IT

DEALS

INVESTOR

DEALS

Apollo Global Management

8

Insight Venture Partners

16

Lloyds Development Capital

11

Catterton Partners

8

Kohlberg Kravis Roberts

13

The Carlyle Group

11

Altamont Capital Partners

7

ABRY Partners

11

Bacchus Capital MGMT

6

TA Associates

11

Parthenon Capital Partners

9

Leonard Green & Partners

6

Vista Equity Partners

11

The Blackstone Group

9

Sun Capital Partners

6

Marlin Equity Partners

9

Ardian Private Equity

8

The Carlyle Group

6

9

Clayton Dubilier & Rice

8

Argos Soditic

5

Technology Crossover Ventures

H.I.G. Capital

8

Breakwater Investment MGMT

5

Thoma Bravo

9

KRG Capital Partners

8

Cerberus Capital MGMT

5

GTCR

8

Littlejohn & Company

8

5

Silver Lake

8

Audax Group

6

Odyssey Inv. Partners

10

The Riverside Company

8

Knight’s Bridge Capital Partners

Graham Partners

7

Kohlberg Kravis Roberts

5

Permira

6

Hammond, Kennedy, Whitney & Company

7

Lloyds Development Capital

5

Spectrum Equity Investors

6

Mid Europa Partners

5

LLR Partners

7

Morgan Stanley

5

Oaktree Capital MGMT

7

Oaktree Capital MGMT

5

Platinum Equity

7

The Blackstone Group

5

Kinderhook Industries

6

Kohlberg Kravis Roberts

6

PAI Partners

6

The CapStreet Group

6

Wynnchurch Capital Partners

6

INVESTOR

MOST ACTIVE IN MATERIALS & RESOURCES INVESTOR

MOST ACTIVE IN HEALTHCARE MOST ACTIVE IN ENERGY

DEALS

DEALS

INVESTOR

DEALS

Great Point Partners

9

Riverstone Holdings

13

Kohlberg Kravis Roberts

9

Denham Capital MGMT

10

Water Street Healthcare Partners

8

First Reserve

KRG Capital Partners

7

Quantum Energy Partners

7

7

Kohlberg Kravis Roberts

6

Audax Group

6

EnCap Flatrock Midstream

5

BelHealth Inv.Partners

6

International Finance Corp.

5

Enhanced Equity Funds

5

Natural Gas Partners

5

Arsenal Capital Partners

4

Ampersand Capital Partners

4

Resource Capital Funds

4

Avista Capital Partners

4

H.I.G. Capital

3

Bregal Investments

4

KPS Capital Partners

3

Pulse Equity Partners

4

Sun Capital Partners

3

Sovereign Capital

4

The Carlyle Group

3

The Carlyle Group

4

Wind Point Partners

3

Warburg Pincus

4

11 P I TC H B O O K 2013 G LO B A L P E & VC L E AG U E TA B L E S

2013 PE Investor Exits by Co. HQ MOST ACTIVE GLOBAL INVESTOR

MOST ACTIVE U.S.

EXITS

INVESTOR

MOST ACTIVE EUROPE EXITS

INVESTOR

EXITS

The Carlyle Group

23

The Carlyle Group

12

Lloyds Development Capital

Lloyds Development Capital

18

The Blackstone Group

12

3i Group

9

The Blackstone Group

15

Warburg Pincus

11

Equistone Partners Europe

7

Goldman Sachs

15

Apollo Global Management

9

ISIS Equity Partners

7

Apollo Global Management

13

Goldman Sachs

8

Ardian Private Equity

6

Warburg Pincus

13

TPG Capital

7

CapMan Capital MGMT

6

Kohlberg Kravis Roberts

11

KSL Capital Partners

6

Kohlberg Kravis Roberts

6

11

3i Group

18

Bain Capital

6

Caird Capital

5

Oaktree Capital MGMT

10

GTCR Golder Rauner

6

CVC Capital Partners

5

Bain Capital

10

American Capital

6

European Capital

5

The Riverside Company

9

Sun Capital Partners

6

HitecVision

5

TPG Capital

8

Summit Partners

5

Maven Capital Partners

5

Equistone Partners Europe

7

The Riverside Company

5

Oaktree Capital MGMT

5

Sun Capital Partners

7

Madison Dearborn Partners

5

The Carlyle Group

5

CVC Capital Partners

7

Vector Capital

5

Cinven

4

Beringea

7

Aurora Capital Group

5

EQT Partners

4

American Capital

7

Wind Point Partners

4

Graphite Capital MGMT

4

ISIS Equity Partners

7

Lovell Minnick Partners

4

Investcorp

4

Ardian Private Equity

6

Comvest Partners

4

LBO France

4

European Capital

6

GSO Capital Partners

4

Montagu Private Equity

4

Apax Partners

6

Kinderhook Industries

4

Naxicap Partners

4

GTCR

6

Greyrock Capital Group

4

Sentica Partners

4

Summit Partners

6

Triangle Capital

4

Waterland PE Investments

4

Ridgemont Equity Partners

6

Golden Gate Capital

4

CapMan Capital MGMT

6

Morgenthaler

4

Investcorp

6

Catterton Partners

4

KSL Capital Partners

6

Oaktree Capital MGMT

4

12 P I TC H B O O K 2013 G LO B A L P E & VC L E AG U E TA B L E S

VENTURE CAPITAL FIRMS 2013’S MOST ACTIVE VC INVESTORS GLOBAL

CONTENTS

13

2013’s Most Active VC Investors

14

VC Investors by Deal Stage

15

VC Investors by Deal Location

18 19 20

INVESTOR

VC Investors by Firm HQ VC Investors by Sector

DEALS

500 Startups

183

Andreessen Horowitz

100

Google Ventures

82

First Round Capital

76

Sequoia Capital

76

Intel Capital

74

Y Combinator

74

Connecticut Innovations

72

TechStars

72

New Enterprise Associates

VC Investor Exits by Co. HQ

70

SV Angel

69

High-Tech Gründerfonds

65

Kleiner Perkins Caufield & Byers

65

Index Ventures

59

Greylock Partners

57

Draper Fisher Jurvetson

56

Battery Ventures

54

Lerer Ventures

WANT TO BECOME A SPONSOR? PitchBook reports reach thousands of industry professionals every month. Contact us for the opportunity to advertise or sponsor. Email Lisa Helme Danforth Managing Director, Strategic Business Development

71

Accel Partners

51

General Catalyst Partners

49

Khosla Ventures

49

Bessemer Venture Partners

47

Finnvera Venture Capital

47

Atlas Venture

43

Lightspeed Venture Partners

43

PitchBook

Bet ter Data. Bet ter Decisions.

2013

PE & VC GLOBAL

LEAGUE TABLE REPORT

4

Pg.

2013’s most active PE firms worldwide

13

Pg.

A look at the most active VC firms of 2013

27

Pg.

Which law firms came out on top?

[email protected]

13 P I TC H B O O K 2013 G LO B A L P E & VC L E AG U E TA B L E S

2013 VC Investors by Deal Stage MOST ACTIVE SEED/ANGEL

MOST ACTIVE EARLY STAGE INVESTOR

INVESTOR

DEALS

500 Startups

131

Andreessen Horowitz

Y Combinator

66

TechStars

66

SV Angel Andreessen Horowitz

MOST ACTIVE LATE STAGE

DEALS

INVESTOR

DEALS

49

Sequoia Capital

40

500 Startups

47

Intel Capital

34

Google Ventures

43

KPCB

32

33

Accel Partners

42

Draper Fisher Jurvetson

26

32

Finnvera Venture Capital

42

New Enterprise Associates

23

Google Ventures

27

First Round Capital

41

Index Ventures

22

Connecticut Innovations

25

Connecticut Innovations

39

Accel Partners

High-Tech Gründerfonds

22

High-Tech Gründerfonds

36

Battery Ventures

20

Lerer Ventures

21

New Enterprise Associates

36

Highland Capital Partners

20

Rothenberg Ventures

21

Intel Capital

35

Norwest Venture Partners

20

Atlas Venture

19

SV Angel

33

Andreessen Horowitz

18

CrunchFund

18

Sequoia Capital

32

Bessemer Venture Partners

18

First Round Capital

17

General Catalyst Partners

29

First Round Capital

18

Greylock Partners

15

Founders Fund

28

Greylock Partners

18

Great Oaks Venture Capital

14

Khosla Ventures

28

Interwest Partners

17

Index Ventures

14

KPCB

28

US Venture Partners

16

Kima Ventures

14

Lightspeed Venture Partners

28

Scottish Enterprise

15

FundersClub

13

Battery Ventures

27

Benchmark Capital

14

Bus. Dev. Bank of Canada

12

Draper Fisher Jurvetson

27

Khosla Ventures

14

Excell Partners

12

Social+Capital Partnership

25

Menlo Ventures

14

Founder Collective

12

Bessemer Venture Partners

24

Bus. Dev. Bank of Canada

13

Portland Seed Fund

12

Greylock Partners

24

Domain Associates

13

True Ventures

12

Lerer Ventures

24

Lightspeed Venture Partners

13

Wayra

12

Index Ventures

23

OrbiMed Advisors

13

Entrepreneurs Roundtable

11

Siemer Ventures

22

Polaris Partners

13

Felicis Ventures

11

Matrix Partners

20

Redpoint Ventures

13

Healthbox

11

Redpoint Ventures

20

SAP Ventures

13

New Enterprise Associates

11

Felicis Ventures

19

Trident Capital

13

Siemer Ventures

11

Spark Capital

19

T-Venture Holding

13

Capital Innovators

10

Atlas Venture

18

Versant Ventures

13

Founders Fund

10

Benchmark Capital

18

Google Ventures

12

Mucker Capital

10

Rothenberg Ventures

18

Ignition Partners

12

Point Nine Capital

10

RRE Ventures

18

New Leaf Venture Partners

12

Resolute.vc

10

True Ventures

17

North Bridge Venture Partners 12

Rock Health

10

21

Tenaya Capital

12

Venrock

12

14 P I TC H B O O K 2013 G LO B A L P E & VC L E AG U E TA B L E S

2013 VC Investors by Deal Location MOST ACTIVE U.S.

MOST ACTIVE GREAT LAKES

INVESTOR

DEALS

500 Startups

120

INVESTOR

MOST ACTIVE MID-ATLANTIC

DEALS

INVESTOR

DEALS

Detroit Venture Partners

10

Lerer Ventures

29

Andreessen Horowitz

98

TechStars

10

RRE Ventures

25

Google Ventures

82

CincyTech Ventures

9

First Round Capital

19

First Round Capital

75

Chicago Ventures

8

500 Startups

18

Connecticut Innovations

72

Hyde Park Venture Partners

8

SV Angel

17

Y Combinator

71

JumpStart Ventures

8

Great Oaks Venture Capital

14

New Enterprise Associates

67

Elevate Ventures

6

New Enterprise Associates

14

SV Angel

66

First Step Fund

6

Ben Franklin Tech. Partners

13

TechStars

66

Great Oaks Venture Capital

6

Excell Partners

13

KPCB

61

Lightbank

6

Sequoia Capital

54

Greylock Partners

51

Lerer Ventures

49

Khosla Ventures

48

Accel Partners

47

General Catalyst Partners

47

Intel Capital

46

Battery Ventures

45

Draper Fisher Jurvetson

45

Founders Fund

40

Lightspeed Venture Partners 40 Bessemer Venture Partners

39

Rothenberg Ventures

38

Atlas Venture

37

True Ventures

37

MOST ACTIVE SOUTHEAST INVESTOR

MOST ACTIVE NEW ENGLAND INVESTOR

MOST ACTIVE SOUTH

DEALS

INVESTOR

DEALS

Connecticut Innovations

67

Austin Ventures

Atlas Venture

26

FLOODGATE Fund

7

Polaris Partners

16

i2E

7

TechStars

16

TechStars

7

Flybridge Capital Partners

15

Trailblazer Capital

5

General Catalyst Partners

13

500 Startups

4

Google Ventures

12

Silver Creek Ventures

4

Boston Seed Capital

11

Silverton Partners

4

Third Rock Ventures

11

Flagship Ventures

14

10

MOST ACTIVE WEST COAST

MOST ACTIVE MOUNTAIN & MIDWEST

DEALS

INVESTOR

DEALS

INVESTOR

DEALS

Healthbox

5

500 Startups

89

Capital Innovators

11

Noro-Moseley Partners

4

Andreessen Horowitz

83

JumpStart Ventures

8

Stage 1 Ventures

4

Y Combinator

63

Cultivation Capital

7

Ballast Point Ventures

3

Google Ventures

59

Dundee Venture Capital

7

Buckhead Inv.Partners

3

First Round Capital

47

Foundry Group

6

GRA Venture Fund

3

SV Angel

47

Billiken Angels Network

5

Hatteras Venture Partners

3

KPCB

45

Cottonwood Tech. Fund

5

Imlay Investments

3

Greylock Partners

43

EPIC Ventures

5

Morgenthaler

3

Sequoia Capital

41

TechOperators

3

New Enterprise Associates

37

15 P I TC H B O O K 2013 G LO B A L P E & VC L E AG U E TA B L E S

2013 VC Investors by Deal Location MOST ACTIVE EUROPE INVESTOR

MOST ACTIVE CEE

DEALS

INVESTOR

MOST ACTIVE FRANCE & BENELUX DEALS

INVESTOR

DEALS

High-Tech Gründerfonds

63

Altair Ventures

6

Audacia

Finnvera Venture Capital

46

Practica Capital

6

Gimv

9

Index Ventures

27

Runa Capital

6

Iris Capital Management

8

Scottish Enterprise

27

Innovation Nest

5

3T Capital

7

Enterprise Ventures

20

LAUNCHub

4

19

Prostor Capital

4

Internet Savvy & Active Investors

7

Caixa Capital Risc Midven

18

Partech International

7

Octopus Investments

15

7

SEED Capital Denmark

15

Participatiemaatschappij Vlaanderen

T-Venture Holding

15

Cabiedes & Partners

14

Sofinnova Partners

14

Angel CoFund

13

Bayern Kapital

13

Imperial Innovations Group

13

500 Startups

12

Gimv

12

MMC Ventures

12

Passion Capital Investments

12

Principia

12

Holtzbrinck Ventures

11

Iris Capital Management

11

London Business Angels

11

Mercia Fund Management

11

Wellington Partners

11

MOST ACTIVE SOUTHERN EUROPE INVESTOR

DEALS

MOST ACTIVE GSA INVESTOR

10

MOST ACTIVE NORDIC DEALS

INVESTOR

DEALS

High-Tech Gründerfonds

61

Finnvera Venture Capital

45

Bayern Kapital

13

SEED Capital Denmark

15

T-Venture Holding

13

Almi Invest

9

Holtzbrinck Ventures

11

Inlandsinnovation

7

IBB Beteiligungsgesellschaft

Creandum KB

5

Seedmatch

10 9

Novo A/S

5

Creathor Venture

8

VNT Management

5

Earlybird Venture Capital

7

Alfred Wieder

6

Point Nine Capital

6

MOST ACTIVE U.K. & IRELAND INVESTOR

MOST ACTIVE REST OF WORLD

DEALS

INVESTOR

DEALS

Caixa Capital Risc

19

Scottish Enterprise

27

500 Startups

51

Cabiedes & Partners

12

Enterprise Ventures

20

Bus. Dev. Bank of Canada

28

Principia

12

Midven

18

Intel Capital

22

Index Ventures

16

Sequoia Capital

18

Angel CoFund

13

Accel Partners

14

Imperial Innovations Group

13

iNovia Capital

13

Octopus Investments

13

Real Ventures

12

MMC Ventures

12

Matrix Partners

11

London Business Angels

11

Yaletown Venture Partners

11

Mercia Fund Management

11

OMERS Ventures

9

16 P I TC H B O O K 2013 G LO B A L P E & VC L E AG U E TA B L E S

2013 VC Investors by Firm HQ MOST ACTIVE U.S. INVESTOR

MOST ACTIVE GREAT LAKES DEALS

INVESTOR

MOST ACTIVE MID-ATLANTIC

DEALS

INVESTOR

DEALS

500 Startups

183

JumpStart Ventures

18

Lerer Ventures

51

Andreessen Horowitz

100

Healthbox

16

Bessemer Venture Partners

47 35

Google Ventures

82

Morgenthaler

15

RRE Ventures

First Round Capital

76

Plug and Play Ventures

14

Greycroft Partners

32

Sequoia Capital

76

Lightbank

13

Founder Collective

29

Intel Capital

74

Collaborative Fund

12

Great Oaks Venture Capital

29

Y Combinator

74

ARCH Venture Partners

11

Union Square Ventures

25

Connecticut Innovations

72

OrbiMed Advisors

24

TechStars

72

ff Venture Capital

20

New Enterprise Associates

71

FirstMark Capital

20

Accel Partners

70

SV Angel

69

KPCB

65

Greylock Partners

62

Draper Fisher Jurvetson

56

Battery Ventures

54

Lerer Ventures

51

General Catalyst Partners

49

Khosla Ventures

49

Bessemer Venture Partners

47

Atlas Venture

43

Lightspeed Venture Partners

43

Founders Fund

42

Rothenberg Ventures

39

True Ventures

39

MOST ACTIVE SOUTHEAST INVESTOR

MOST ACTIVE NEW ENGLAND INVESTOR

DEALS

INVESTOR

DEALS

Connecticut Innovations

72

Austin Ventures

Battery Ventures

54

DFJ Mercury

7

General Catalyst Partners

49

i2E

7

Atlas Venture

43

SURGE Accelerator

7

Highland Capital Partners

38

Silver Creek Ventures

6

Spark Capital

32

Polaris Partners

29

Bain Capital Ventures

25

Flybridge Capital Partners

25

MOST ACTIVE WEST COAST

DEALS

MOST ACTIVE SOUTH 14

MOST ACTIVE MOUNTAIN & MIDWEST

INVESTOR

DEALS

INVESTOR

DEALS

Accuitive Medical Ventures

9

500 Startups

183

TechStars

72

Intersouth Partners

7

Andreessen Horowitz

100

Foundry Group

23

Noro-Moseley Partners

7

Google Ventures

82

VegasTechFund

19

Pappas Ventures

7

First Round Capital

76

Dundee Venture Capital

13

SJF Ventures

7

Sequoia Capital

76

EPIC Ventures

12

Hatteras Venture Partners

6

Intel Capital

74

Capital Innovators

11

Arsenal Venture Partners

5

Y Combinator

74

Social Starts

8

SK Ventures

5

New Enterprise Associates

71

Cultivation Capital

7

TTV Capital

5

Accel Partners

70

Ballast Point Ventures

4

SV Angel

69

17 P I TC H B O O K 2013 G LO B A L P E & VC L E AG U E TA B L E S

2013 VC Investors by Firm HQ MOST ACTIVE EUROPE INVESTOR

MOST ACTIVE CEE

DEALS

INVESTOR

MOST ACTIVE FRANCE & BENELUX DEALS 14

INVESTOR

DEALS

High-Tech Gründerfonds

65

Runa Capital

Index Ventures

59

Altair Ventures

11

Kima Ventures Iris Capital Management

26 16

8

Sofinnova Partners

14

47

Phenomen Ventures

Scottish Enterprise

27

Practica Capital

7

Gimv

12

Kima Ventures

26

Innovation Nest

6

Ventech

12

T-Venture Holding

26

LAUNCHub

6

Seventure Partners

Enterprise Ventures

20

TA Venture

6

Audacia

10

Caixa Capital Risc

19

Leta Capital

5

18

Rusnano

5

Participatiemaatschappij Vlaanderen

10

Midven Iris Capital Management

16

Prostor Capital

4

Edmond de Rothschild

Point Nine Capital

16

Octopus Investments

15

SEED Capital Denmark

15

Wayra

15

Bayern Kapital

14

Cabiedes & Partners

14

Imperial Innovations Group

14

Novo A/S

14

Runa Capital

14

Sofinnova Partners

14

Wellington Partners

14

Angel CoFund

13

Passion Capital Investments

13

Finnvera Venture Capital

MOST ACTIVE SOUTHERN EUROPE INVESTOR

DEALS

MOST ACTIVE GSA INVESTOR

11

9

MOST ACTIVE NORDIC DEALS

INVESTOR

DEALS

High-Tech Gründerfonds

65

Finnvera Venture Capital

Index Ventures

59

SEED Capital Denmark

15

T-Venture Holding

26

Novo A/S

14

Point Nine Capital

16

Almi Invest

9

Bayern Kapital

14

Sunstone Capital

8

Wellington Partners

14

Inlandsinnovation

7

Holtzbrinck Ventures

12

NorthCap Partners

6

VNT Management

6

Creandum KB

5

Investinor

5

MOST ACTIVE U.K. & IRELAND INVESTOR

DEALS

47

MOST ACTIVE REST OF WORLD INVESTOR

DEALS

Caixa Capital Risc

19

Scottish Enterprise

27

Bus. Dev. Bank of Canada

32

Wayra

15

Enterprise Ventures

20

iNovia Capital

19

Cabiedes & Partners

14

Midven

18

Horizons Ventures

18

Principia

12

Octopus Investments

15

Samsung Venture Inv.

16

Kibo Ventures

9

Imperial Innovations Group

14

Pitango Venture Capital

14

H-FARM Ventures

5

Angel CoFund

13

Real Ventures

14

Inveready Technology Investment Group

5

Passion Capital Investments

13

Carmel Ventures

12

DN Capital

12

Relay Ventures

12

MMC Ventures

12

Yaletown Venture Partners OMERS Ventures

11 10

18 P I TC H B O O K 2013 G LO B A L P E & VC L E AG U E TA B L E S

2013 VC Investors by Sector MOST ACTIVE IN SOFTWARE

MOST ACTIVE IN COMMERCIAL SERVICES

MOST ACTIVE IN MEDIA

DEALS

INVESTOR

DEALS

INVESTOR

DEALS

500 Startups

74

500 Startups

42

500 Startups

20

Andreessen Horowitz

56

Y Combinator

14

Lerer Ventures

SV Angel

46

TechStars

14

Greycroft Partners

8

TechStars

43

Draper Fisher Jurvetson

13

Google Ventures

7

Google Ventures

42

Google Ventures

13

New Enterprise Associates

7

Greylock Partners

36

Andreessen Horowitz

12

Sequoia Capital

7

Intel Capital

36

Redpoint Ventures

12

Accel Partners

6

Sequoia Capital

34

Sequoia Capital

12

Atlas Venture

6

Accel Partners

33

RRE Ventures

11

Comcast Ventures

6

First Round Capital

33

Felicis Ventures

6

Y Combinator

30

Battery Ventures

29

INVESTOR

MOST ACTIVE IN PHARMA & BIOTECH

Bessemer Venture Partners

27

Index Ventures

26

Atlas Venture

24

General Catalyst Partners

24

Khosla Ventures

24

Draper Fisher Jurvetson

23

SV Life Sciences

Lightspeed Venture Partners

23

New Enterprise Associates

23

True Ventures

23

Founder Collective

21

KPCB

20

MOST ACTIVE IN IT HARDWARE INVESTOR

DEALS

MOST ACTIVE IN HC TECH INVESTOR

INVESTOR

15

DEALS

DEALS

Connecticut Innovations

8

15

Healthbox

3

Polaris Partners

14 13

Merck Global Health Innovation Fund

3

Connecticut Innovations MPM Capital

11

Rock Health

3

11

Sandbox Industries

3

10

Social+Capital Partnership

3

Canaan Partners

10

Y Combinator

3

Novo A/S

10

Third Rock Ventures

10

OrbiMed Advisors Alta Partners

MOST ACTIVE IN HC DEVICES INVESTOR

MOST ACTIVE IN CLEANTECH

DEALS

INVESTOR

DEALS

Intel Capital

7

High-Tech Gründerfonds

15

Connecticut Innovations

9

Andreessen Horowitz

5

Versant Ventures

12

Draper Fisher Jurvetson

7

Connecticut Innovations

5

Connecticut Innovations

10

KPCB

7

Samsung Venture Inv.

5

Accuitive Medical Ventures

9

Founders Fund

4

JumpStart Ventures

7

New Leaf Venture Partners

7

SV Life Sciences

7

19 P I TC H B O O K 2013 G LO B A L P E & VC L E AG U E TA B L E S

2013 VC Investor Exits by Co. HQ MOST ACTIVE GLOBAL INVESTOR

MOST ACTIVE U.S.

EXITS

INVESTOR

MOST ACTIVE EUROPE EXITS

INVESTOR

EXITS

SV Angel

33

SV Angel

32

Index Ventures

6

Intel Capital

25

New Enterprise Associates

24

Life Sciences Partners

5

New Enterprise Associates

25

Intel Capital

19

Holtzbrinck Ventures

5

KPCB

20

First Round Capital

18

Finnvera Venture Capital

5

18

KPCB

18

Sunstone Capital

4

500 Startups

17

Western Tech. Investment

14

XAnge Private Equity

4

Accel Partners

16

500 Startups

14

Inveready Tech. Inv. Group

4

Y Combinator

15

Saints Capital

14

Bestport Ventures

3

Saints Capital

14

Y Combinator

14

Gimv

3

Index Ventures

14

Khosla Ventures

13

European Founders Fund

3

Lerer Ventures

14

Google Ventures

13

High-Tech Gründerfonds

3

Greylock Partners

14

Draper Fisher Jurvetson

13

ACT Venture Capital

3

Western Tech.Investment

14

Duff Ackerman & Goodrich

13

MXC Capital

3

Duff Ackerman & Goodrich

13

Lerer Ventures

13

Beringea

3

Draper Fisher Jurvetson

13

Greylock Partners

13

Ventech

3

Google Ventures

13

Accel Partners

12

IDInvest Partners

3

Charles River Ventures

13

Andreessen Horowitz

12

Atomico

3

Ignition Partners

13

Charles River Ventures

12

Seventure Partners

3

Khosla Ventures

13

Ignition Partners

12

Sequoia Capital

13

Lightspeed Venture Partners

12

Lightspeed Venture Partners

13

Industry Ventures

11

Foundation Capital

12

RRE Ventures

11

Andreessen Horowitz

12

Foundation Capital

11

TechStars

12

Felicis Ventures MGMT Co.

11

Felicis Ventures MGMT Co.

11

TechStars

Industry Ventures

11

Canaan Partners

10

Canaan Partners

11

Sequoia Capital

10

First Round Capital

RRE Ventures

11

11

Polaris Partners

10

Bessemer Venture Partners

10

SAP Ventures

10

Spark Capital

10

General Catalyst Partners

10

20 P I TC H B O O K 2013 G LO B A L P E & VC L E AG U E TA B L E S

LENDERS CONTENTS

21

2013’s Most Active Lenders

22

Lenders by Deal Location

22 23 23

2013’S MOST ACTIVE PE LENDERS GLOBAL

Lenders by Firm HQ Lenders by Deal Type Lenders by Industry

LENDER

DEALS

GE Capital

113

Madison Capital Funding

90

BMO Harris Bank

58

Ares Capital

36

Credit Suisse

35

Bank of America Merrill Lynch

32

Goldman Sachs

26

HSBC Bank

24

Sumitomo Mitsui Banking

24

Barclays Bank

24

Fifth Street Management

23

JP Morgan

22

NXT Capital

21

RBC Capital Markets

PitchBook

Bet ter Data. Bet ter Decisions.

GREAT DATA MEANS BETTER

LEVERAGE

21

Morgan Stanley

20

Deutsche Bank

20

UBS

18

BNP Paribas

17

Royal Bank of Scotland

17

BMO Capital Markets

17

Wells Fargo

15

SunTrust Robinson Humphrey

15

PitchBook for Lenders

[email protected] www.pitchbook.com

PITCHBOOK FOR LENDERS: No one offers more coverage of the private equity and venture capital landscape. 21 P I TC H B O O K 2013 G LO B A L P E & VC L E AG U E TA B L E S

2013 Lenders by PE Deal Location MOST ACTIVE U.S.

MOST ACTIVE EUROPE DEALS

LENDER

DEALS

HSBC Bank

19

GE Capital

8

Royal Bank of Scotland

15

Royal Bank of Canada Group

5

55

Lloyds Banking Group

13

Credit Suisse

4

Ares Capital

32

Barclays Bank

11

UBS

3

BofA Merrill Lynch

26

BNP Paribas

10

Morgan Stanley

3

Sumitomo Mitsui Banking

24

Credit Suisse

9

Citibank

3

Credit Suisse

23

Le Crédit Lyonnais

9

Fifth Street Management

23

Societe Generale

8

JP Morgan

21

Banque Palatine

8

LENDER

DEALS

GE Capital

99

Madison Capital Funding

88

BMO Harris Bank

LENDER

MOST ACTIVE REST OF WORLD

NXT Capital

20

Deutsche Bank

7

Goldman Sachs

20

GE Capital

6

ING Bank

6

RBC Capital Markets

17

BMO Capital Markets

16

SunTrust Robinson Humphrey

15

2013 PE Deal Lenders by Firm HQ MOST ACTIVE U.S. LENDER

MOST ACTIVE EUROPE DEALS

LENDER

MOST ACTIVE REST OF WORLD DEALS

LENDER

DEALS

GE Capital

113

Credit Suisse

35

Sumitomo Mitsui Banking

24

Madison Capital Funding

90

Barclays

24

RBC Capital Markets

24

BMO Harris Bank

58

HSBC Bank

24

BMO Capital Markets

17

Ares Capital

36

Deutsche Bank

20

Macquarie Capital

8

BofA Merrill Lynch

32

UBS

18

DBS Bank

2

Goldman Sachs

26

BNP Paribas

17

2

Fifth Street Management

23

Royal Bank of Scotland

17

Sun Life Assurance Company of Canada

JP Morgan

22

Lloyds Banking Group

13

Investec Investment Banking

2

21

Le Crédit Lyonnais

9

Bank of China

2

Morgan Stanley

20

Societe Generale

8

Westpac Banking

2

Citigroup

16

ING Bank

7

Wells Fargo

15

Bank of Ireland

6

SunTrust Robinson Humphrey

15

UniCredit Group

5

PNC Financial Services Group

14

Yorkshire Bank

5

Fifth Third Bank

14

Natixis

5

NXT Capital

22 P I TC H B O O K 2013 G LO B A L P E & VC L E AG U E TA B L E S

2013 Lenders by Deal Type BUYOUTS LENDER

DEBT ONLY FINANCINGS DEALS

OTHER

LENDER

DEALS

LENDER

DEALS

Madison Capital Funding

70

GE Capital

45

GE Capital

66

GE Capital

47

JP Morgan

29

BMO Harris Bank

28

Credit Suisse

32

Wells Fargo

26

Ares Capital

18

BMO Harris Bank

30

BofA Merrill Lynch

23

Fifth Street Management

14

Goldman Sachs

Ares Capital

20

NXT Capital

12

BofA Merrill Lynch

20

21

Goldman Sachs

19

BofA Merrill Lynch

12

Barclays Capital

19

Barclays Bank

18

Sumitomo Mitsui Banking

8

Credit Suisse

16

Wells Fargo

8

BMO Harris Bank

15

2013 PE Lenders by Industry MOST ACTIVE IN B2B LENDER

MOST ACTIVE IN B2C DEALS

MOST ACTIVE IN IT

LENDER

DEALS

LENDER

DEALS

32

GE Capital

10

Madison Capital Funding

40

GE Capital

GE Capital

39

BMO Harris Bank

17

Goldman Sachs

7

BMO Harris Bank

16

Madison Capital Funding

16

BMO Harris Bank

5

Sumitomo Mitsui Banking

13

HSBC Bank

Madison Capital Funding

5

BNP Paribas

12

BofA Merrill Lynch

Ares Capital

10

Credit Suisse

9

NXT Capital

9

Barclays

9

BofA Merrill Lynch

9

JP Morgan

8

PNC Financial Services Group

8

Wells Fargo

8

Morgan Stanley

8

Babson Capital Management

8

SunTrust Robinson Humphrey

8

Comerica Bank

7

Fifth Third Bank

7

UBS

7

Credit Suisse

7

Barclays

7

Fifth Street Management

6

Deutsche Bank

6

U.S. Bancorp

6

Bank of Montreal

6

Lloyds Banking Group

6

11 10

MOST ACTIVE IN HEALTHCARE

MOST ACTIVE IN ENERGY

LENDER

DEALS

GE Capital

16

Goldman Sachs

4

Madison Capital Funding

14

Credit Suisse

4

BMO Harris Bank

12

Citigroup Global Markets

3

RBC Capital Partners

3

Fifth Street Management

7

Ares Capital

7

Credit Suisse

5

Regions Financial

4

Jefferies Group

4

LENDER

DEALS

23 P I TC H B O O K 2013 G LO B A L P E & VC L E AG U E TA B L E S

I-BANKS & ADVISORS CONTENTS

24

2013’s Most Active I-Banks

25

I-Banks by Deal Location

25 26 26

Advisors/Accountants by Deal Location I-Banks by Deal/Exit Type Advisors/Accountants by Deal/Exit Type

2013’S MOST ACTIVE PE I-BANKS GLOBAL I-BANK

DEALS

Lincoln International

77

Goldman Sachs

47

Rothschild Group

38

RBC Capital Markets

36

JP Morgan

36

Credit Suisse

35

Jefferies Group

31

Houlihan Lokey

31

Morgan Stanley

30

Lazard

30

William Blair & Company

28

Barclays Capital

28

Bank of America Merrill Lynch

28

Citigroup

28

Deutsche Bank

22

UBS

22

Robert W. Baird

22

Evercore Partners

20

Harris Williams & Co.

19

Moelis & Company

19

Livingstone Partners

15

Raymond James & Associates

13

Wells Fargo

12

Stephens

12

Duff & Phelps

12

Signal Hill

11

Canaccord Financial

11

BMO Capital Markets

11

Stifel Nicolaus & Company

10

Deloitte Corporate Finance

10

KPMG Corporate Finance

10

24 P I TC H B O O K 2013 G LO B A L P E & VC L E AG U E TA B L E S

2013 I-Banks by PE Deal Location MOST ACTIVE U.S. I-BANK

MOST ACTIVE EUROPE DEALS

I-BANK

MOST ACTIVE REST OF WORLD DEALS 34

I-BANK

DEALS

Lincoln International

42

Rothschild Group

RBC Capital Markets

7

Goldman Sachs

34

Lincoln International

31

JP Morgan

5

RBC Capital Markets

28

Lazard

14

Houlihan Lokey

27

Goldman Sachs

JP Morgan

24

Morgan Stanley

Jefferies Group

24

Livingstone Partners

BofA Merrill Lynch

24

Credit Suisse

10

Credit Suisse

22

Clearwater Corp.Finance

William Blair & Company

19

Evercore Partners

19

Citigroup

Credit Suisse

5

11

Barclays Capital

5

11

Deutsche Bank

4

10

Morgan Stanley

4

Lincoln International

4

9

Macquarie Capital

4

Robert W. Baird

9

Jefferies Group

3

Barclays Capital

8

Harris Williams & Co.

3

18

KPMG Corporate Finance

8

Goldman Sachs

3

Morgan Stanley

17

Canaccord Financial

8

Canaccord Financial

3

Barclays

16

Altium Capital

8

Harris Williams & Co.

15

Catalyst Corporate Finance

8

Moelis & Company

15

Rabobank International

8

Lazard

15

Citigroup

8

2013 Deal Advisors/Accountants by PE Deal Location MOST ACTIVE GLOBAL ADVISOR

MOST ACTIVE U.S. DEALS

ADVISOR

MOST ACTIVE EUROPE DEALS

ADVISOR

DEALS

PriceWaterhouseCoopers

85

Deloitte & Touche

8

PriceWaterhouseCoopers

67

KPMG

71

KPMG

7

Ernst & Young

54

PriceWaterhouseCoopers

6

KPMG

51

Alvarez & Marsal

6

Deloitte & Touche

31

Ernst & Young Deloitte & Touche

69 51

Grant Thornton

30

Perella Weinberg Partners

6

Grant Thornton

28

BDO

26

Sagent Advisors

6

BDO

26 15

DC Advisory Partners

17

Barclays PLC

5

DC Advisory Partners

L.E.K. Consulting

13

Generational Equity

4

Rothschild Group

12

Eight Advisory

11

L.E.K. Consulting

10

Baker Tilly Virchow Krause

9

Eight Advisory

7

Catalyst Corporate Finance

8

Baker Tilly Virchow Krause

7

25 P I TC H B O O K 2013 G LO B A L P E & VC L E AG U E TA B L E S

2013 I-Banks by Deal Type BUYOUTS I-BANK

PE- & VC-BACKED IPOS DEALS

I-BANK

PE- & VC-BACKED AQUISITIONS DEALS

I-BANK

DEALS

Lincoln International

70

JP Morgan

69

Lincoln International

54

Rothschild Group

35

Credit Suisse

50

Morgan Stanley

35

Barclays

34

Barclays

45

JP Morgan

31

Credit Suisse

29

Citigroup

43

Goldman Sachs

29

Jefferies Group

28

Deutsche Bank

40

BofA Merrill Lynch

28

BofA Merrill Lynch

27

BofA Merrill Lynch

39

Houlihan Lokey

28

Houlihan Lokey

27

Stifel Nicolaus & Company

37

William Blair & Company

27

William Blair & Company

26

UBS

34

Credit Suisse

27

Lazard

23

Wells Fargo

33

Jefferies Group

27

Robert W. Baird

21

William Blair & Company

27

Citigroup

26

Deutsche Bank

19

Piper Jaffray

26

RBC Capital Markets

24

DC Advisory Partners

16

RBC Capital Markets

25

Harris Williams & Co.

22

Harris Williams & Co.

16

Robert W. Baird

24

Lazard

21

Evercore Partners

15

Cowen and Company

22

UBS

21

Moelis & Company

15

Raymond James

22

Rothschild Group

Livingstone Partners

13

21

Barclays

20

2013 Deal Advisors/Accountants by Deal Type BUYOUTS ADVISOR

PE- & VC-BACKED IPOS DEALS

ADVISOR

PE- & VC-BACKED AQUISITIONS DEALS

ADVISOR

DEALS

PriceWaterhouseCoopers

74

Ernst & Young

51

PriceWaterhouseCoopers

52

Deloitte & Touche

41

PriceWaterhouseCoopers

35

KPMG

37

Grant Thornton

28

KPMG

19

Deloitte & Touche

24

BDO

23

Needham & Company

18

Ernst & Young

24

Rothschild Holding

14

Deloitte & Touche

18

DC Advisory Partners

L.E.K. Consulting

10

The Blackstone Group

6

Grant Thornton

17 9

Barclays PLC

7

BDO

6

BDO

8

Baker Tilly Virchow Krause

7

Grant Thornton

5

Perella Weinberg Partners

6

Eight Advisory

7

FTI Consulting

6

L.E.K. Consulting

5

26 P I TC H B O O K 2013 G LO B A L P E & VC L E AG U E TA B L E S

LAW FIRMS CONTENTS

27

Most Active VC Law Firms

28

Law Firms by VC Deal Location

29 30 31 32

2013’S MOST ACTIVE VC LAW FIRMS GLOBAL

Law Firms by PE Deal Location Law Firms by Deal Type Law Firms by VC Sector Law Firms by PE Industry

PitchBook

Bet ter Data. Bet ter Decisions.

GREAT DATA TO GROW YOUR

BUSINESS

LAW FIRM

DEALS

Wilson Sonsini

255

Gunderson Dettmer

225

DLA Piper

225

Cooley

119

Goodwin Procter

110

Jones Day

64

Fenwick & West

59

Morgan Lewis & Bockius

57

Perkins Coie

53

Orrick Herrington & Sutcliffe

49

O’Melveny & Myers

37

Dorsey & Whitney

26

Choate Hall & Stewart

15

WilmerHale

12

Latham & Watkins

9

Foley Hoag

6

Paul Hastings

6

PitchBook for Law Firms [email protected] www.pitchbook.com

PITCHBOOK FOR LAW FIRMS: No one offers more coverage of the private equity and venture capital landscape. 27 P I TC H B O O K 2013 G LO B A L P E & VC L E AG U E TA B L E S

Law Firms by VC Deal Location MOST ACTIVE U.S. LAW FIRM

MOST ACTIVE GREAT LAKES DEALS

Wilson Sonsini Gunderson Dettmer Cooley

LAW FIRM

DEALS

Dorsey & Whitney

14

Gunderson Dettmer

54

DLA Piper

12

DLA Piper

45

209

Jones Day

6

Wilson Sonsini

22

Gunderson Dettmer

4

Cooley

20

Wilson Sonsini

3

Morgan Lewis & Bockius

18

Goodwin Procter

3

Goodwin Procter

16

118

Goodwin Procter

DEALS

212

246

DLA Piper

LAW FIRM

MOST ACTIVE MID-ATLANTIC

106

Fenwick & West

59

Perkins Coie

52

O’Melveny & Myers

4

Morgan Lewis & Bockius

44

Choate Hall & Stewart

4

Jones Day

40

Orrick Herrington & Sutcliffe

38

O’Melveny & Myers

30

Dorsey & Whitney

23

Choate Hall & Stewart

14

WilmerHale

12

Latham & Watkins

8

Foley Hoag

6

MOST ACTIVE NEW ENGLAND LAW FIRM

DEALS

LAW FIRM

DEALS

52

DLA Piper

19

Gunderson Dettmer

17

Wilson Sonsini

17

DLA Piper

11

Bass Berry & Sims

2

Akin Gump

2

Morgan Lewis & Bockius

2

10

Cooley

9

Foley Hoag

6

Wilson Sonsini

6

Choate Hall & Stewart

5

MOST ACTIVE EUROPE

DEALS

LAW FIRM

Goodwin Procter

WilmerHale

MOST ACTIVE WEST COAST

MOST ACTIVE SOUTH

LAW FIRM

MOST ACTIVE REST OF WORLD DEALS

Wilson Sonsini

180

Jones Day

Gunderson Dettmer

125

Morgan Lewis & Bockius

DLA Piper

101

Orrick Herrington & Sutcliffe

Cooley

70

DLA Piper

Fenwick & West

55

Gide Loyrette Nouel

Perkins Coie

48

24 11

LAW FIRM

DEALS

Gunderson Dettmer

12

Wilson Sonsini

8

O’Melveny & Myers

6

7

DLA Piper

6

5

Dentons

2

10

Taylor Wessing

5

Morgan Lewis & Bockius

2

Orrick Herrington & Sutcliffe

31

Gunderson Dettmer

4

Osler, Hoskin & Harcourt

2

Goodwin Procter

27

De Pardieu Brocas Maffei

3

Fasken Martineau DuMoulin

2

O’Melveny & Myers

21

Ward Hadaway

3

Jones Day

20

Goodwin Procter

3

Morgan Lewis & Bockius

16

JAG Shaw Baker

3

Maclay Murray & Spens

3

Paul Hastings

5

28 P I TC H B O O K 2013 G LO B A L P E & VC L E AG U E TA B L E S

Law Firms by PE Deal Location MOST ACTIVE GLOBAL 2013 LAW FIRM

MOST ACTIVE U.S. 2013

DEALS

LAW FIRM

MOST ACTIVE EUROPE 2013

DEALS 146

LAW FIRM

DEALS

Kirkland & Ellis

179

Kirkland & Ellis

Pinsent Masons

28

Latham & Watkins

103

Latham & Watkins

71

Latham & Watkins

28

Allen & Overy

22

Jones Day

70

Jones Day

51

DLA Piper

69

DLA Piper

43

DLA Piper

22

Paul Hastings

57

Paul Hastings

39

Eversheds International

20

Paul Weiss

47

Goodwin Procter

37

Kirkland & Ellis

20

Goodwin Procter

44

Paul Weiss

35

19

Weil Gotshal & Manges

42

Choate Hall & Stewart

28

King & Wood Mallesons SJ Berwin

Morgan Lewis & Bockius

31

Weil Gotshal & Manges

24

18

O’Melveny & Myers

30

Akin Gump

23

Freshfields Bruckhaus Deringer

Choate Hall & Stewart

29

Morgan Lewis & Bockius

22

Weil Gotshal & Manges

17

20

Clifford Chance

16

Paul Hastings

15

Dechert

29

O’Melveny & Myers

Pinsent Masons

28

Simpson Thacher & Bartlett

18

Willkie Farr & Gallagher

27

Dechert

18

MOST ACTIVE GREAT LAKES LAW FIRM

MOST ACTIVE MID-ATLANTIC

DEALS

LAW FIRM

MOST ACTIVE NEW ENGLAND

DEALS

LAW FIRM

DEALS

Kirkland & Ellis

20

Kirkland & Ellis

38

Kirkland & Ellis

Jones Day

10

Latham & Watkins

16

Goodwin Procter

9

Paul Hastings

5

12

Goodwin Procter

5

Jones Day

10

Latham & Watkins

5

DLA Piper

9

DLA Piper

5

Paul Weiss

5

Goodwin Procter

9

Akin Gump

4

Shearman & Sterling

4

Paul Weiss

9

DLA Piper

4

Paul Hastings

8

Weil Gotshal & Manges

4

O’Melveny & Myers

8

MOST ACTIVE SOUTH LAW FIRM

MOST ACTIVE WEST COAST DEALS

LAW FIRM

MOST ACTIVE REST OF WORLD

DEALS

LAW FIRM

DEALS

Latham & Watkins

20

Kirkland & Ellis

23

Osler, Hoskin & Harcourt

19

Kirkland & Ellis

20

Latham & Watkins

15

Kirkland & Ellis

13

Vinson & Elkins

11

Paul Hastings

8

Stikeman Elliott

12

DLA Piper

8

Blake Cassels & Graydon

12

DLA Piper

10

Jones Day

9

Morgan Lewis & Bockius

7

Paul Weiss

Paul Weiss

9

O’Melveny & Myers

7

O’Melveny & Myers

7

Jones Day

6

Jones Day

6

Bennett Jones

5

9

29 P I TC H B O O K 2013 G LO B A L P E & VC L E AG U E TA B L E S

2013 Law Firms by VC Deal Type MOST ACTIVE EARLY STAGE LAW FIRM

MOST ACTIVE LATE STAGE

DEALS

LAW FIRM

MOST ACTIVE EXITS (IPO & ACQ.)

DEALS

LAW FIRM

DEALS

Wilson Sonsini

138

DLA Piper

125

Goodwin Procter

40

Gunderson Dettmer

121

Wilson Sonsini

117

Latham & Watkins

36

DLA Piper

99

Gunderson Dettmer

Goodwin Procter

53

Cooley

Cooley

41

Orrick Herrington & Sutcliffe

39

Perkins Coie Morgan Lewis & Bockius

Wilson Sonsini

35

78

Cooley

33

Goodwin Procter

57

Fenwick & West

29

Fenwick & West

46

Gunderson Dettmer

27

33

Jones Day

36

O’Melveny & Myers

27

32

Morgan Lewis & Bockius

25

Davis Polk & Wardwell

26

Jones Day

28

Perkins Coie

20

Morrison & Foerster

12

O’Melveny & Myers

20

O’Melveny & Myers

17

WilmerHale

12

13

Dorsey & Whitney

17

Kirkland & Ellis

11

Ropes & Gray

10

DLA Piper

10

Fenwick & West

104

Choate Hall & Stewart

9

WilmerHale

Dorsey & Whitney

9

Orrick Herrington & Sutcliffe

Paul Hastings

5

Choate Hall & Stewart

Manatt Phelps & Phillips

5

10 6

11

Morgan Lewis & Bockius

9

2013 Law Firms by PE Deal Type MOST ACTIVE BUYOUTS LAW FIRM Kirkland & Ellis

MOST ACTIVE OTHER

DEALS 155

LAW FIRM

MOST ACTIVE EXITS (IPO & ACQ.) DEALS

LAW FIRM

DEALS

Kirkland & Ellis

24

Kirkland & Ellis

Latham & Watkins

89

DLA Piper

16

Latham & Watkins

102 80

Jones Day

59

Goodwin Procter

16

Simpson Thacher & Bartlett

35

DLA Piper

53

Paul Weiss

15

Davis Polk & Wardwell

33

Paul Hastings

51

Latham & Watkins

14

DLA Piper

29

Weil Gotshal & Manges

34

Choate Hall & Stewart

11

Skadden Arps

28

Paul Weiss

32

Jones Day

11

Jones Day

28

Goodwin Procter

28

Pinsent Masons

9

Weil Gotshal & Manges

25

Akin Gump

25

Weil Gotshal & Manges

8

Paul Weiss

24

Morgan Lewis & Bockius

25

Morgan Lewis & Bockius

6

Vinson & Elkins

21

O’Melveny & Myers

25

Paul Hastings

6

Paul Hastings

21

Dechert

24

Skadden Arps

23

30 P I TC H B O O K 2013 G LO B A L P E & VC L E AG U E TA B L E S

2013 Law Firms by VC Sector MOST ACTIVE IN COMMERCIAL SERVICES

MOST ACTIVE IN SOFTWARE LAW FIRM

DEALS

LAW FIRM

MOST ACTIVE IN MEDIA

DEALS

LAW FIRM

DEALS

Gunderson Dettmer

153

Gunderson Dettmer

63

Gunderson Dettmer

24

Wilson Sonsini

139

DLA Piper

49

DLA Piper

22

136

Wilson Sonsini

48

Wilson Sonsini

18

DLA Piper Cooley

58

Goodwin Procter

25

Fenwick & West

11

Goodwin Procter

52

Jones Day

19

Goodwin Procter

9

Perkins Coie

39

Cooley

14

Morgan Lewis & Bockius

8

Orrick Herrington & Sutcliffe

38

Fenwick & West

13

Cooley

8

Fenwick & West

38

O’Melveny & Myers

12

Orrick Herrington & Sutcliffe

6

Jones Day

32

Orrick Herrington & Sutcliffe

9

O’Melveny & Myers

5

Morgan Lewis & Bockius

26

Perkins Coie

8

Perkins Coie

5

MOST ACTIVE IN IT HARDWARE LAW FIRM

MOST ACTIVE IN PHARMA & BIOTECH

LAW FIRM

DEALS

DLA Piper

16

LAW FIRM

11

23

Cooley

7

Wilson Sonsini

17

DLA Piper

6

Cooley

15

Gunderson Dettmer

5

DLA Piper

10

Morgan Lewis & Bockius

5

8

Goodwin Procter

4

7

Choate Hall & Stewart

3

7

Perkins Coie

3

Latham & Watkins

7

Fenwick & West

3

Morgan Lewis & Bockius

5

11

Goodwin Procter

Gunderson Dettmer

9

Cooley

5

Fenwick & West

4

Perkins Coie

3

WilmerHale

Morgan Lewis & Bockius

3

Jones Day

Jones Day

3

Gunderson Dettmer

MOST ACTIVE IN HC DEVICES LAW FIRM

DEALS

DEALS

Wilson Sonsini

Wilson Sonsini

Wilson Sonsini

MOST ACTIVE IN HC TECH

MOST ACTIVE IN CLEANTECH

DEALS

LAW FIRM

DEALS

35

Wilson Sonsini

Goodwin Procter

17

DLP Piper

7

Cooley

16

Gunderson Dettmer

5

DLA Piper

13

Chriqui Mercey SCP

3

Gunderson Dettmer

11

Cooley

3

Dorsey & Whitney

11

Jones Day

6

Morgan Lewis & Bockius

6

15

31 P I TC H B O O K 2013 G LO B A L P E & VC L E AG U E TA B L E S

2013 Law Firms by PE Industry MOST ACTIVE IN B2B LAW FIRM

MOST ACTIVE IN B2C DEALS

LAW FIRM

MOST ACTIVE IN IT DEALS

LAW FIRM

DEALS

Kirkland & Ellis

72

Kirkland & Ellis

50

Kirkland & Ellis

47

DLA Piper

37

Latham & Watkins

33

Jones Day

17

Latham & Watkins

36

DLA Piper

21

Paul Hastings

17

Jones Day

35

Jones Day

19

Goodwin Procter

16

Paul Hastings

24

Paul Hastings

19

Latham & Watkins

14

Dechert

18

Paul Weiss

18

DLA Piper

14

Weil Gotshal & Manges

18

Weil Gotshal & Manges

13

Choate Hall & Stewart

13

Morgan Lewis & Bockius

16

O’Melveny & Myers

12

Paul Weiss

9

Paul Weiss

15

Allen & Overy

10

O’Melveny & Myers

8

Goodwin Procter

15

Goodwin Procter

9

Pinsent Masons

8

Willkie Farr & Gallagher

15

Blake Cassels & Graydon

9

MOST ACTIVE IN HEALTHCARE LAW FIRM

DEALS

MOST ACTIVE IN ENERGY LAW FIRM

MOST ACTIVE OTHER

DEALS

LAW FIRM

DEALS

Kirkland & Ellis

27

Latham & Watkins

19

Kirkland & Ellis

25

Latham & Watkins

15

Vinson & Elkins

11

Latham & Watkins

16

10

Jones Day

7

DLA Piper

16

Goodwin Procter Paul Hastings

9

Kirkland & Ellis

7

Paul Weiss

11

Jones Day

9

Morgan Lewis & Bockius

6

Jones Day

9

Choate Hall & Stewart

9

Osler, Hoskin & Harcourt

6

Willkie Farr & Gallagher

6

Pinsent Masons

7

Thompson & Knight

5

Goodwin Procter

6

DLA Piper

6

Choate Hall & Stewart

4

Shearman & Sterling

6

Simpson Thacher & Bartlett

6

Duane Morris

4

Vinson & Elkins

6

Weil Gotshal & Manges

5

Bass Berry & Sims

5

32 P I TC H B O O K 2013 G LO B A L P E & VC L E AG U E TA B L E S

ACQUIRERS CONTENTS

33 34 35

2013’s Most Active Acquirers of PE-backed Companies

2013’S MOST ACTIVE ACQUIRERS OF PEBACKED COMPANIES GLOBAL ACQUIRER

Acquirers of PE-backed Cos. by Deal Location & Type Acquirers of VC-backed Cos. by Deal Location & Type

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DEALS

The Carlyle Group

10

Kohlberg Kravis Roberts

10

Equistone Partners Europe

6

Edmond de Rothschild

6

Siparex Group

5

Omni Hotels & Resorts

5

Lloyds TSB Development Capital

5

Canada Pension Plan Investment Board

5

Babson Capital Management

5

TPG Capital

5

TA Associates

4

Sun Capital Partners

4

PAI Partners

4

Parthenon Capital Partners

4

Providence Equity Partners

4

EQT Partners

4

ABRY Partners

4

Arsenal Capital Partners

4

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2013

PE & VC GLOBAL

LEAGUE TABLE REPORT

4

Pg.

2013’s most active PE firms worldwide

13

Pg.

A look at the most active VC firms of 2013

27

Pg.

Which law firms came out on top?

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33 P I TC H B O O K 2013 G LO B A L P E & VC L E AG U E TA B L E S

Acquirers of PE-backed Cos. by Deal Location & Type MOST ACTIVE U.S. ACQUIRER

MOST ACTIVE EUROPE DEALS

ACQUIRER

MOST ACTIVE REST OF WORLD DEALS

ACQUIRER

DEALS

The Carlyle Group

5

Equistone Partners Europe

6

Kohlberg Kravis Roberts

4

Omni Hotels & Resorts

5

Edmond de Rothschild

5

Almasi Beverages

3

Babson Capital Management

5

Siparex Group

5

Parthenon Capital Partners

4

Lloyds TSB Dev. Capital

5

Kohlberg Kravis Roberts

4

PAI Partners

4

Arsenal Capital Partners

4

The Carlyle Group

4

GLOBAL SECONDARY BUYOUTS ACQUIRER

DEALS

GLOBAL MERGERS/ACQUISITIONS ACQUIRER

The Carlyle Group

10

Omni Hotels & Resorts

Kohlberg Kravis Roberts

10

DEALS 5

Ametek

3

Equistone Partners Europe

6

Sequential Brands Group

3

Edmond de Rothschild

6

Accenture

3

Siparex Group

5

Westinghouse Air Brake Tech.

3

Lloyds TSB Dev. Capital

5

Alliant Techsystems

3

Canada Pension Plan Investment Board

5

Valeant Pharmaceuticals Int’l

3

Almasi Beverages

3

Global Eagle Entertainment

3

34 P I TC H B O O K 2013 G LO B A L P E & VC L E AG U E TA B L E S

Acquirers of VC-backed Cos. by Deal Location & Type MOST ACTIVE GLOBAL ACQUIRER

MOST ACTIVE U.S. DEALS

ACQUIRER

Yahoo

19

Yahoo

Apple

9

Apple

Google

8

Cisco Systems

Cisco Systems

8

Google

Twitter

6

TripAdvisor Intel Corporation

MOST ACTIVE EUROPE DEALS

DEALS

Dassault Systemes

3

7

JustFabulous

2

6

Accumuli

2

6

ARM Holdings

2

Twitter

6

Intel Corporation

2

6

Oracle

4

6

IBM

4

Groupon

5

Tech. Crossover Ventures

4

Tech. Crossover Ventures

4

Groupon

4

Oracle

4

TripAdvisor

4

Permira

4

Permira

3

ACQUIRER

Salesforce.com

4

TA Associates

3

Yahoo

19

IBM

4

Salesforce.com

3

Apple

9

Amazon.com

4

EMC Corporation

3

Google

8

Dassault Systemes

4

OpenTable

3

Cisco Systems

8

JustFabulous

4

Facebook

3

TripAdvisor

6

Proofpoint

3

Twitter

6

Intel Corporation

3

Intel Corporation

6

Samsung Electronics

3

Groupon

5

The Go Daddy Group

3

Oracle

4

M/C Partners

3

Salesforce.com

4

The Carlyle Group

3

IBM

4

JustFabulous

4

Amazon.com

4

Dassault Systemes

4

MOST ACTIVE REST OF WORLD ACQUIRER

DEALS

19

ACQUIRER

GLOBAL BUYOUTS ACQUIRER

GLOBAL MERGERS/ACQUISITIONS DEALS

DEALS

Apple

2

Permira

4

LX Ventures

2

Tech. Crossover Ventures

4

TA Associates

3

The Carlyle Group

3

Insight Venture Partners

3

35 P I TC H B O O K 2013 G LO B A L P E & VC L E AG U E TA B L E S

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