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 | PitchBook Newsletter | | Private Equity Edition |
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| Powered by the PitchBook Platform. Learn more» | | 521,416 Deals | 34,058 Funds | 22,601 Limited Partners | 26,487 Advisors | |
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MONDAY, MARCH 28, 2016  | |
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PE Spotlight: U.S. West Coast  | | | | Click for a breakdown of PE activity on the U.S. West Coast |
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Everyone knows that Silicon Valley is the thrumming heartbeat of venture capital. But as it turns out, the West Coast of the U.S. is also home to an ever-rising amount of private equity activity. Last year saw an all-time high of 626 deals completed in the region, marking a 22% uptick from 2013.
Curious for more info about PE on the West Coast, including top investors and most active sectors? It's all just a click away. |
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Will net cash flows decline for PE fund investors?  | | | | Click to enlarge |
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Since 2010, there has been a markedly recurrent yearly increase in total distributions to investors in PE funds. This increase, as well as relatively plateaued contributions, has produced a significantly positive net cash flow, but through the first half of 2015 that figure has trended down.
What does this mean going forward? Click here for our analysis. |
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2008 Vintage European Buyout Funds | | Median IRR: | 9.41% | | Top Quartile IRR Hurdle Rate: | 14.68% | | Median TVPI: | 1.4x | | Average Amount Distributed: | $1.05 billion |
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GTCR cleared to purchase Vector Laboratories | GTCR has received antitrust clearance to acquire a stake in Vector Laboratories, a developer of labeling and detection systems for biological and medical science. The investment will come from the firm’s $3.85 billion GTCR Fund XI. | Biotechnology Burlingame, CA | | |
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Ancor acquires medical billing business | Ancor Capital Partners has acquired DuvaSawko, a revenue-cycle and practice-management business serving emergency medical personnel. The company specializes in coding, billing and accounts receivable. Yukon Partners provided mezzanine capital and an equity co-investment on the deal. | Practice Management Ormond Beach, FL | |
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Post Capital backs therapy add-on | Playboy Enterprises, a Rizvi Traverse Management portfolio company, is reportedly exploring a sale that could value the company behind the men’s magazine at more than $500 million. Rizvi Traverse backed Playboy’s take-private transaction in 2011 at a $207 million valuation. | Publishing Beverly Hills, CA | | |
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CDPQ increases stake in SPIE | Caisse de dépôt et placement du Québec has announced an additional investment of about €30 million in SPIE (PAR: SPIE) through the acquisition of over 1.8 million shares. The company offers multi-technical services in energy and communications, helping customers design, build, operate and maintain energy-efficient and environmentally friendly facilities. | Commercial Services Cergy-Pontoise, France | | |
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KKR to exit ATG in $1.2B deal | KKR has entered an agreement to sell Alliance Tire Group to Yokohama Rubber (TYO: 5101) in a transaction worth nearly $1.2 billion. The company manufactures and sells tires for agricultural, industrial, construction and forestry machinery. | Road Manufacturing
Amsterdam, Netherlands | |
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Falfurrias Capital Partners III collects $100M | Falfurrias Capital Partners has reportedly raised $100 million toward a $225 million target for its Fund III. The firm invests in companies with EBITDA between $3 million and $25 million across a range of sectors, including consumer & retail, food & beverage and business services. | |
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