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 | PitchBook Newsletter | | Private Equity Edition |
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| Powered by the PitchBook Platform. Learn more» | | 513,519 Deals | 33,895 Funds | 22,393 Limited Partners | 26,091 Advisors | |
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MONDAY, MARCH 7, 2016  | |
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A tribute to the father of the modern-day IPO Goldman Sachs has announced the retirement of one of the firm’s longest-tenured employees, partner Eric Dobkin. Hired in 1967, Dobkin founded Goldman's Equity Capital Markets division in 1985, forever changing the IPO by pitching offerings to institutional rather than retail investors. He first made a name for himself at the firm by convincing British prime minister Margaret Thatcher to let Goldman underwrite her privatization reforms in 1988.
As a tribute to Dobkin, we've highlighted five notable PE-backed IPOs underwritten by Goldman Sachs: click here. |
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For years now, the increase in the inventory of companies backed by private equity in North America and Europe has essentially plateaued. This is in stark contrast to the steady ramp-up in the inventory during the buyout boom era, and as investment strategies have diversified, it's worthwhile to wonder if inventory will ever increase again at even half the rate seen last decade.
So what does this mean for PE strategy going forward? Click here to read more. |
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Our new Benchmarking Report drops tomorrow IRRs by fund size and type. Quartiles and benchmarks. Fund return multiples. Fund cash flows.
We’ve got ‘em all. If you’re interested in any aspect of global PE and VC fund performance, be sure to check back tomorrow for our newest Benchmarking Report. You won’t want to miss it. |
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2008 Vintage U.S. Buyout Funds with Energy Investments | | Median IRR: | 12.80% | | Top Quartile IRR Hurdle Rate: | 18.20% | | Median TVPI: | 1.3x | | Average Amount Distributed: | $2.95 billion |
| | | Select Top Performers (based on net IRR) | | |
| Benchmark, Peer Group & Returns Data on 20,000 Funds
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H.I.G. Capital to acquire Quicken business from Intuit | H.I.G. Capital will be acquiring personal finance software provider Quicken from Intuit (NASDAQ: INTU). Eric Dunn, head of the Quicken business, is investing alongside H.I.G. | Financial Software Mountain View, CA | | |
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Quad-C invests in Inmark Packaging | Quad-C Management has closed an investment in Inmark Packaging, a distributor of rigid container and life sciences packaging. The deal was structured as an owner-operator recapitalization, allowing company management to retain significant ownership. | |
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L Catterton backs Bodytech | L Catterton has provided a significant growth capital investment to gym company Bodytech. The deal marks the first investment by the L Catterton Latin America fund. | Consumer Services Bogotá, Colombia | | |
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Boathouse Capital boosts OrthoFi with investment | Boathouse Capital has invested in OrthoFi, a company that offers software solutions for the orthodontic industry. Along with the transaction, Andy Jang of Boathouse Capital will be joining the company’s Board of Directors. | Vertical Market Software SaaS
Denver, CO | | |
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Elbrus Capital-led group acquires HeadHunter | An investor consortium led by Elbrus Capital is acquiring HeadHunter from Mail.Ru Group (LON: MAIL) for RUB10 billion (about $139 million). Founded in 2000, HeadHunter is an online recruitment company that operates in Russia, Ukraine, Belarus, Kazakhstan, Azerbaijan, Lithuania, Latvia and Estonia. | Human Capital Services Moscow, Russia | |
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NorthEdge Fund II reaches £300M hard cap | NorthEdge Capital has announced the close of its second fund, which reached the £300 million hard cap in four months of fundraising. Its predecessor, NorthEdge Capital Fund I, closed on £225 million in 2013. | Manchester, United Kingdom Buyout |
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Ropes & Gray represents Samsonite in financing for Tumi deal | Ropes & Gray has announced that it represented Samsonite in connection with the financing for its planned acquisition of Tumi for $26.75 per share in an all-cash transaction. The deal values Tumi, a global brand of business, travel and lifestyle products & accessories, at an equity valuation of $1.8 billion. | |
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Kirkland & Ellis advises Citigroup in AMC acquisition of Carmike |
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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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