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 | PitchBook Newsletter | | Private Equity Edition |
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| Powered by the PitchBook Platform. Learn more» | | 516,239 Deals | 33,965 Funds | 22,506 Limited Partners | 26,238 Advisors | |
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MONDAY, MARCH 14, 2016  | |
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| Clearlake Capital last week announced a new platform, Better For You, which is focused on investing in food and health & wellness businesses. We've chosen the firm as today's free PitchBook Profile, so click here to view Clearlake's completed investments, closed funds, deal team and more. | |
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6 PE and M&A podcasts you should tune into We're big fans of podcasts; they're a fun way to make the miles melt away on a commute/business trip and a great resource for learning through interesting interviews and discussions.
Not finding an existing list of private equity or M&A podcasts, we put one together ourselves and highlighted some of our favorite episodes: click here to see our picks. |
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Sharing your insights for 4-5 minutes could win you $300 We are conducting our quarterly Private Equity Deal Multiples & Trends Survey and would appreciate your input. All participants who complete the survey in its entirety will receive the results once published and be entered into a random drawing to win a $300 Amazon gift card. Just be sure to include your email at the end.
The purpose of the survey and the forthcoming report is to provide a candid look at the current dealmaking environment by examining recent investments in U.S.-based companies. The survey should only take four to five minutes and will include questions pertaining to buyout multiples, debt levels, fee structures and similar details for specific deals completed in 4Q 2015. All data provided will be completely anonymous, confidential and used exclusively for aggregated purposes in this survey report.
To get free access to the full results from last quarter's Deal Multiples & Trends Survey, click here. |
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How will competition among PE fund managers affect future disparity? Post-recession private equity funds experienced a tightening of IRR spreads across several different vintages, as fund managers of all tiers weathered the economic downturn. 2010 and more recent vintages, however, have seen a widening of the spread.
How much further could these spreads widen in the coming years? Click here to read our analysis. |
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2008 Vintage U.S. Mezzanine Funds | | Median IRR: | 10.17% | | Top Quartile IRR Hurdle Rate: | 12.83% | | Median TVPI: | 1.2x | | Average Amount Distributed: | $933.96 million |
| | | Select Top Performers (based on net IRR) | | |
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Carlyle sets up insurance acquisitions | The Carlyle Group has agreed to acquire insurance broker JenCap and the assets of Wholesale Trading Co-Op Insurance Services with the intention to position JenCap as a consolidator of specialty insurance distribution and program management businesses. | Insurance Brokers New York, NY | |
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Audax to recap Gastro Health | Audax Private Equity has entered into a definitive agreement with physicians and management to recapitalize Gastro Health, a gastroenterology physician practice management company with 21 locations across south Florida. | Clinic Services Life Sciences
Miami, FL | |
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EQT backs Finnish early-education provider | EQT Partners has acquired a majority stake in Touhula Varhaiskasvatus, an operator of more than 80 pre-schools and day-care centers across Finland. The investment comes from the EQT Mid Market Fund, a €1.1 billion vehicle that closed in 2014. | Education Services Oulu, Finland | | |
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São Paulo-based Aqua Capital collects $188M for second vehicle | Aqua Capital has reportedly raised $188 million toward a $300 million target for its second investment vehicle. The firm focuses on growth investments in middle market companies across the Brazilian and South American agribusiness value chain. | |
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Clearlake announces new food & health platform | Clearlake Capital Group has announced the launch of Better For You, a platform focused on investments in emerging food and health & wellness businesses. Through the platform, Clearlake is partnering with food industry veterans from Halen Brands, a recently formed venture that invests in the food products sector. | PE/Buyout Santa Monica, CA |
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The Braff Group advises on healthcare buys Goldman Sachs PE vice chairman to retire | Sanjeev Mehra, vice chairman of the Goldman Sachs Private Equity Group, is reportedly retiring. Mehra was a founding member of the bank’s PE unit. | |
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CDPQ chooses head of India strategy |
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Want to learn more? Contact our team of private equity specialists. US +1 (206) 623-1986 UK +44 (0)207-190-9809 demo@pitchbook.com |
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