|
 | PitchBook Newsletter | | Private Equity Edition |
|
| |
| Powered by the PitchBook Platform. Learn more» | | 516,858 Deals | 33,980 Funds | 22,531 Limited Partners | 26,275 Advisors | |
|
TUESDAY, MARCH 15, 2016  | |
|  | |
|
No reservations: PE activity in hotels & resorts reaches new highs If you hadn’t heard of Beijing-based Anbang Insurance Group before, you probably have by now, what with the flood of headlines surrounding its multibillion-dollar takeover offers for two U.S. hotel & resort businesses. Anbang is reportedly buying Strategic Hotels & Resorts from Blackstone for $6.5 billion, mere months after Blackstone itself acquired the company for about $6 billion. What’s more, Starwood Hotels & Resorts (NYSE: HOT) recently announced an unsolicited $12.8 billion acquisition proposal from a consortium that reportedly includes Anbang, J.C. Flowers & Co. and Primavera Capital Group.
Globally, private equity activity in the hotels & resorts sector has reached new highs in recent years. Click here to read more and to see the most active PE investors in the space since 2009. |
|
As the grocery world turns: Apollo buys The Fresh Market for $1B+, Haggen offloads stores Apollo Global Management has entered into a definitive agreement to acquire specialty grocery retailer The Fresh Market (NASDAQ: TFM) for about $1.36 billion in cash. It's been a busy past few days for PE in the grocery retail sector; less than a week ago, Haggen agreed to sell 29 of its core stores in the northwest U.S. to Cerberus Capital Management-backed Albertsons for a reported $106 million.
Click here to read more about the background behind both deals. |
|
Don’t miss our Benchmarking & Fund Performance Report! Covering over a decade's worth of fund returns, our Global PE & VC Benchmarking & Fund Performance Report offers a comprehensive view of how funds from different vintages have performed. The report provides detailed analysis through metrics including horizon IRRs, fund cash flows and return multiples.
Highlights include:
• Contributions, distributions and net cash flows
• PME benchmarks
• Median multiples for funds by vintage
• Quartile breakdowns
Click here to get free access to the full report. |
|
2010 Vintage U.S. Buyout Funds with B2B Investments | | Median IRR: | 13.60% | | Top Quartile IRR Hurdle Rate: | 20.93% | | Median TVPI: | 1.3 | | Average Amount Contributed: | $472.60 million |
| | | Select Top Performers (based on net IRR) | | |
| Benchmark, Peer Group & Returns Data on 20,000 Funds
PitchBook, setting a higher bar for performance benchmarking |
|
Carlyle to acquire WingArc1st | The Carlyle Group has agreed to acquire WingArc1st, a provider of enterprise output management and business intelligence software. The transaction is expected to close in April. Equity for the investment will come from Carlyle Japan Partners III, a roughly $1 billion vehicle that closed in 2015. | Business Software Tokyo, Japan | |
|
|
Join the 15th annual Capital Connection Conference ACG British Columbia’s annual Capital Connection, April 4-5, 2016, is the largest M&A conference in Western Canada, attracting more than 300 deal makers including corporate officers, private equity firms, intermediaries and financing sources. This year’s program includes a keynote address by Avik Dey, managing director and head of Natural Resources for Canada Pension Plan Investment Board, a private equity and sub-debt marketplace, three plenary panels and ample time for networking. Our three panels will feature market leaders sharing their insights on the following: changes and trends in private equity, the M&A industry from the perspective of high-profile CEOs and an overview of investment in the burgeoning craft beer industry.
For a special 10% off the regular price, click here and use promo code: ACGBC2016. |
|
Enlightenment Capital backs Aurora Flight Sciences CVC acquires pharma business from Charterhouse Future Finance receives £119M in growth & lending capital | Future Finance Loan has raised £119 million, including £100 million in lending capital, from firms such as Blackstone and QED Investors. The company provides loans to students in the U.K. and Germany. | Consumer Finance Dublin, Ireland | |
|
|
Blue Wolf exits 2013 backing of H.C. Materials | Blue Wolf Capital has agreed to sell H.C. Materials to CTS (NYSE: CTS) for $73 million in cash. The company, which will be renamed CTG Advanced Materials, designs and manufactures medical materials for use in ultrasound imaging. | Commercial Products Bolingbrook, IL | |
|
|
Lee Equity Partners Fund II collects $315M | Lee Equity Partners has raised over $315 million for its second flagship fund, according to a recent SEC filing. The middle market firm focuses on control buyouts and growth capital financings, typically investing $50 million to $150 million of equity per deal. | |
|
GHF advises RoadSafe on sale |
| The best tool for private
equity professionals to: | |
|
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 |
|
|
