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| PitchBook Newsletter | | Private Equity Edition |
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| Powered by the PitchBook Platform. Learn more» | | 516,858 Deals | 33,980 Funds | 22,531 Limited Partners | 26,275 Advisors | |
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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. |
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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. |
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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. |
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The Daily Benchmark
2010 Vintage U.S. Buyout Funds with B2B Investments
Deals in Play & Announcements
Carlyle to acquire WingArc1st
Join the 15th annual Capital Connection Conference
Completed PE Deals
Enlightenment Capital backs Aurora Flight Sciences
Europe
CVC acquires pharma business from Charterhouse
Future Finance receives £119M in growth & lending capital
Exit & Liquidity News
Blue Wolf exits 2013 backing of H.C. Materials
Fundraising News
Lee Equity Partners Fund II collects $315M
Service Provider News
GHF advises RoadSafe on sale
2010 Vintage U.S. Buyout Funds with B2B Investments 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. | |
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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. |
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Enlightenment Capital backs Aurora Flight Sciences CVC acquires pharma business from Charterhouse Future Finance receives £119M in growth & lending capital 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. | |
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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. | |
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GHF advises RoadSafe on sale |
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