pe & vc global 4 13 27 - PitchBook

9 downloads 204 Views 1MB Size Report
PITCHBOOK 2013 GLOBAL PE & VC. LEAGUE TABLES. CONTENTS. Methodology. PE Firms. VC Firms. Lenders. I-Banks, Advisors/
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