PitchBook’s 2012 1Q PE Presentation Deck Request a demonstration or training: Phone: 1-877-267-5593 For additional.

Slides:

Advertisements

Similar presentations

T H O M S O N F I N A N C I A L Trends in Private Equity Performance IFR Financing Leveraged Buyouts Conference London 2 nd November 2006 David Bernard.

Advertisements

Mid-Market Quarterly Snapshot Q © 2013 Marl Partners LLP. All rights reserved.

PE Index 2010-Q4. The Private Equity Index rose by 5.0% from the previous quarter  The Private Equity Index registered in 2010-Q4. This was up.

Valuing an Acquisition

1Q 2013 Private Equity & Venture Capital Benchmarking Report Presentation Slide Deck Try the PitchBook Platform:

COSRA Meeting Cartagena Capital Markets for SMEs and Corporate Governance Novo Mercado and BOVESPA MAIS Maria Helena Santana BOVESPA – Brazil’s Stock Exchange.

The six fundamental indicators every investor must use.

© Grant Thornton LLP. All rights reserved. Top Trends in Middle Market Private Equity Harris Smith, MP Private Equity and Strategic Relationships December.

Linkages between the Public & Private Markets Georgiana Fung Small Cap Strategist, MLPF&S · May 2007 Georgiana Fung.

Capital Raising | Mergers & Acquisitions | Fairness & Solvency Opinions | Valuations | Restructuring | Financial Advisory Member: NYSE, AMEX, FINRA, SIPC.

Valuing an Acquisition

EBRD Financial Institutions Portfolio Financial Institutions: €6.7 billion * as at December 2007 * Commitments outstanding € mn Sector Distribution: Continuing.

Venture Capital and Private Equity Investments.. Copyright © 2009 Pearson Prentice Hall. All rights reserved Private Equity Investments An alternative.

North Carolina Council for Entrepreneurial Development The State of Venture Capital February 1, 2007 Mark G. Heesen President.

1 National Venture Capital Association 2008 Predictions Survey All data embargoed until: December 17, 2007.

Giving Your Business ESP SM Chris Andersen President 425 Market St., #2200 San Francisco, CA

1 Chapter 18 Issuing Capital and the Investment Banking Process McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved.

Fundraising for growth: IPO vs. Private Equity Presented by Debbie Clarke, Partner, Chantrey Vellacott, DFK LLP 23 September 2014.

2009 European Private Equity Market EVCA, The Voice of European Private Equity Industry since 1983 Philippe Defreyn COO and Mid-market Buyout Platform.

 Two traditional private equity funds –IPC II raised $1.5B in 2000; fully invested in 2006 –IPC III raised $2.7B in 2006; one-third invested  Portfolio.

FRIEDMAN FLEISCHER & LOWE LLC The Insurance Industry's Ability to Attract Capital Given Historically Low ROE – A Perspective by Friedman Fleischer & Lowe.

Private Equity Trends 3Q 2012 Presentation Slide Deck Try the PitchBook Platform: Phone: Consult.

Pitchbook.com PRESENTATION INQUIRIES REQUEST A DEMO OR TRAINING ANNUAL PRIVATE.

1H 2013 Private Equity Exits Presentation Slide Deck Try the PitchBook Platform: Phone: Consult.

Private Equity and Pension Funds Eileen Appelbaum AFL-CIO and Change to Win Union Pension Fund Trustees Conference April 1, 2012 Omni Shoreham Hotel Washington,

PitchBook’s Q PE Presentation Deck Request a demonstration or training: Phone: For additional.

Presented By CA Swatantra Singh, B.Com, FCA, MBA ID: New Delhi, ,

Private Equity in Africa A DFI Perspective Kevin Njiraini October 2010.

The Buyout Binge 何德光 MA0N0224. Case study Health Management Associated announcing in beginning of year 2007 that it would take on $2.4 billion in new.

Ohio Venture Association The Quiet Recovery – the Regional Core Competencies of Our Expanding Venture Community September 12, 2008 Mark G. Heesen President.

Private Equity Trends 1Q 2012 Presentation Slide Deck Try the PitchBook Platform: Phone: Consult.

Page 1 OVERVIEW OF THE CONNECTICUT MARKET The current market environment for financing options for Connecticut companies Thomas J. Shields Managing Director.

Market Update: Current Deal Activity, Valuations and Outlook

EUROPEAN PE PERFORMANCE – FIRST HALF 2011 All European Private Equity Returns Outperform Public Markets, driven by buyout funds; short-term venture returns.

M&A T ODAY: T ECHNOLOGY, I NFORMATION & B USINESS S ERVICES I NVESTING I N B USINESS S ERVICES Amy LaBan Lake Capital February 12, 2004.

A Global Reach with a Local Perspective Current Economic Conditions Affecting Your Business.

Where is European Private Equity Heading? European Private Equity Statistics Gemma Postlethwaite, Thomson Financial 16 March 2006.

Performance Benchmarks 2007 European Private Equity Conducted by Thomson Reuters on behalf of EVCA.

Where is European Private Equity Heading? European Private Equity Statistics Gemma Postlethwaite, Thomson Financial 14 March 2007.

Albina Nikkonen Russian Private Equity and Venture Capital Market Review 2005 Russian Private Equity & Venture Capital Association.

The State of Venture Capital March 2, 2002 John Gabbert Sr. Director, Worldwide Research VentureOne Corporation.

2005 Annual European Private Equity Statistics Gemma Postlethwaite Vice President, Thomson Financial.

1 Proprietary and Confidential Financial Executives International Presentation November 7, 2007.

2007 European Private Equity Activity Survey PEREP_Analytics™

: 2011 PitchBook’s 2011 Annual PE Presentation Deck Request a demonstration or training: Phone:

U.S. buyout and mezzanine fundraising ($B) Source: Buyouts Magazine; Data is through September 28, 2015.

Performance Benchmarks 2008 European Private Equity Conducted by Thomson Reuters on behalf of EVCA.

CORE Track Session Credit Market Update: Is the Thaw Real? Wednesday, March 23, 7:45 – 8:30 a.m. Sponsored by William Blair & Company and BDO.

2Q 2013 Venture Capital Rundown Presentation Slide Deck Try the PitchBook Platform: Phone: Consult.

Financial Requirement

2Q 2013 Private Equity Breakdown Presentation Slide Deck Try the PitchBook Platform: Phone:

Washington, DC October 12, 2006 LAVCA 2006 LP/GP Roundtable Darrell Pinto Director, Global Private Equity Performance Thomson Financial T H O M S O N F.

Albina Nikkonen Russian Private Equity and Venture Capital market review 2006 Russian Private Equity and Venture Capital Association.

EVCA Quarterly Activity Indicator Q Q August 2009 PEREP_Analytics TM.

Ed Vincent Gemma Postlethwaite State of the PE Market Global VC and PE Trends T H O M S O N F I N A N C I A L.

Venture Capital Update

Private Equity Trends 2Q 2012 Presentation Slide Deck Try the PitchBook Platform: Phone: Consult.

Private Equity Update An overview of the latest trends using Preqin’s most up-to-date data Christopher Elvin, Head of Private Equity Products, Preqin.

U.S. buyout and mezzanine fundraising ($B) Source: Buyouts Magazine; Data is through June 30, 2015.

NZ Private Equity – NZSF Perspective

1H 2013 Venture Capital Exits Presentation Slide Deck

Private Alternatives to the Public Markets How to Survive and Grow in a Capital Constrained Environment A Private Conference on May 16, 2001 Sponsored.

Accessing Capital in the U.S.

Cross-border Mergers & acquisitions

Private Equity Trends 1Q 2012 Presentation Slide Deck

Cross-border Mergers & acquisitions

BUYOUTS INSIDER Q HIGHLIGHTS

The Current Market Environment for Business Transitions

BUYOUTS INSIDER Q HIGHLIGHTS

BUYOUTS INSIDER Q HIGHLIGHTS

Presentation transcript:

PitchBook’s Q PE Presentation Deck Request a demonstration or training: Phone: For additional analysis or slides: Phone: Winter 2012

About the PitchBook Platform

U.S. Private equity deal flow held steady in 2011, but it was a tale of two halves...

2011 PE Investment Well Above 2009 Lows Number of Deals Closed (red line) and Total Capital Invested by Year (blue bars)

1H 2011 Was the Best Start to a Year Since 2008, But Momentum Slowed in the Summer and Fall Number of Deals Closed and Total Capital Invested by Quarter

B2B and B2C Deal Flow Increased in 2011 Percentage of Deal Volume (count) by Industry

However, Capital Investment Continue to Shift Towards IT, Healthcare & Energy Percentage of Deal Volume (capital) by Industry

Deals Above $1B Accounted for 55% of the Capital Invested During 2011 as Large Deals Began to Remerge Percentage of Deal Volume (capital) by Deal Size Range

Driven in part by a $425 billion PE capital overhang and increased bidding competition from corporates, deal medians and multiples nearly reached pre-crisis highs during 2011.

Buyout Multiples Finish 2011 Close to 2008’s High Water Mark EBITDA Multiples of Buyout Transactions

Median Buyout Size Hits New Record Median Capital Invested in U.S. PE Transactions

Higher Multiples and a Stricter Debt Market Combined to Hold Down Leverage in the Middle Market Percentage of Debt Used in Buyouts

Links for PitchBook Deal Flow Charts PitchBook users can click the links below to load the corresponding chart directly into the PitchBook Platform for further customization Slide 3 – PE deal flow by year Click to customize chart in PitchBook Slide 5 – PE deal flow by quarter Click to customize chart in PitchBook Slide 6 – PE deal flow (count) by industry by year Click to customize chart in PitchBook Slide 7 – PE deal flow (capital) by industry by year Click to customize chart in PitchBook Slide 9 – PE deal flow (capital) by size bucket Click to customize chart in PitchBook How to view in PitchBook: 1) Right click on the link 2) click ‘open hyperlink’ 3) Log-in to PitchBook

Exit trends continued in a positive direction during Look for exits to remain a big story in U.S. private equity during the next year.

Private Equity Investors Exited $108B of Investments in 2011 through 420 Exits Deals Quarterly PE Exits by Corporate Acquisition, IPO and Secondary Sale

Corporate Acquisitions Account for 60% of Exits and Hit a Record Median Deal Size of $240 Million in 2011 Median Exit Size ($M)

The reason exits continue to be a big story for private equity is the current record portfolio company inventory totaling 5,952, 72% of which have been held for 3+ years.

PE Exits Will Likely Stay Strong in 2012 with 4,300 Portfolio Companies in the Exit Window Waiting to be Sold Number of U.S. Private Equity Company Inventory by Deal Year

The Result of this Inventory Buildup has been an Increase in Holding Length Median Time from Buyout to Exit

Links for PitchBook Exit Flow Charts PitchBook users can use the links below to load the corresponding chart directly into the PitchBook Platform for further customization Slide 16 – PE Median Exit Size Click to customize chart in PitchBook Slide 17 – PE Exits (count) Click to customize chart in PitchBook How to view in PitchBook: 1) Right click on the link 2) click ‘open hyperlink’ 3) Log-in to PitchBook

The other big story for private equity is the current $425 billion capital overhang, $100 billion of which is nearing the end of its investment horizon.

PE Investors Sitting on $425B of Dry Powder Capital Overhang of US PE Investors by Vintage Year

The Company Inventory and Capital Overhang Continue to Weigh Down Fundraising Number of Funds Closed and Total Capital Raised by Year

Fundraising Remains Fairly Flat Since Financial Crisis Number of Funds Closed and Total Capital Raised by Quarter

Middle-Market Funds Continue to Dominate What Fundraising There is. Percentage of U.S. P.E. Funds (count) by Fund Size

The good news is that despite the dampened fundraising environment, trends are moving in the right direction.

New GPs are Entering the Private Equity Industry Number of Funds Closed by Year

Funds are Closing Faster Average Time to Close U.S. PE Funds

Average 2011 Vintage Fund 13% Larger than 2010 Average Fund Size ($M)

Why is fundraising improving? It all comes down to returns, which are still very strong for private equity.

Private Equity Returns Have Climbed Back to Pre-Crisis Levels U.S. PE 1-Year Median Rolling Horizon IRR

Links for PitchBook Fundraising Charts PitchBook users can click the links below to load the corresponding chart directly into the PitchBook Platform for further customization Slide 24 – PE fundraising by year Click to customize chart in PitchBook Slide 25 – PE fundraising by quarter Click to customize chart in PitchBook Slide 26 – PE fundraising (count) by size bucket Click to customize chart in PitchBook How to view in PitchBook: 1) Right click on the link 2) click ‘open hyperlink’ 3) Log-in to PitchBook

Additional Charts

The Midwest Leads PE Deal Flow with 360 Deals Percentage of Deal Volume (count) by Region Source:PitchBook

B2B and B2C Account for 54% of PE Deal Activity Percentage of Deal Volume (count) by Industry

Deals Under $250M Account for 75% of Deal Flow Percentage of Deal Volume (count) by Deal Size Range

Add-ons % Climbs for the 6 th Straight Year Add-on Deals as Percentage of Buyout Deals

Exit Strategies Stay Consistent with Long Term Averages Percentage of P.E. Exit Volume (count) by Exit Type

Funds Under $1B Account for 39% of U.S. PE Fundraising Percentage of U.S. P.E. Funds (capital) by Fund Size

Links for PitchBook Additional Charts PitchBook users can use the links below to load the corresponding chart directly into the PitchBook Platform for further customization Slide 35 – PE deal flow (count) by region Click to customize chart in PitchBook Slide 36 – PE deal flow (count) by industry Click to customize chart in PitchBook Slide 37 – PE deal flow (count) by size bucket Click to customize chart in PitchBook Slide 39 – PE Exits % (count) Click to customize chart in PitchBook Slide 40 – PE fundraising (capital) by size bucket Click to customize chart in PitchBook How to view in PitchBook: 1) Right click on the link 2) click ‘open hyperlink’ 3) Log-in to PitchBook