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 | PitchBook Newsletter | | Private Equity Edition |
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| Powered by the PitchBook Platform. Learn more» | | 518,155 Deals | 34,034 Funds | 22,555 Limited Partners | 26,346 Advisors | |
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THURSDAY, MARCH 17, 2016  | |
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Levine Leichtman Capital Partners | Levine Leichtman Capital Partners, a middle market investor in the U.S. and Europe, announced this week the acquisition of Brass Smith Innovations, a manufacturer of food service products. We're featuring the firm as today's free PitchBook Profile, so to view its other completed deals, closed funds, deal team and more, click here. | |
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BDO releases seventh annual PErspective Private Equity Study  | | | | Click for BDO's new PErspective Private Equity Study |
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BDO USA has announced the findings of its seventh annual PErspective Private Equity Study, a national survey of 147 executives at private equity firms throughout the U.S. and Western Europe. Here are some highlights from the survey, which was administered by PitchBook: - 95% of PE firms plan to close five deals or less in the coming year, compared to 87% from last year’s survey, suggesting the deal market is getting more challenging.
- When asked about a planned response to increased SEC oversight, a majority of fund managers indicate that they plan to evaluate and improve their internal controls, and 42% say they will increase communications and disclosures to LPs.
- 54% of respondents cited Europe as the region outside of North America that presents the greatest opportunity for new investments over the next 12 months (see image above).
For further insights on fund performance, fundraising, exits and much more, click here to view the full report. |
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With strong returns in rearview, Vista eyes $10B for sixth fund Vista Equity Partners has reportedly held an initial close on its sixth flagship fund and set a hard cap of $10 billion, a figure that would make the new vehicle Vista's largest to date. The fund's investors would appear to have reason for optimism based on Vista's past returns.
Click here to learn more about the firm's recent fund performance along with a list of other notable tech-focused buyout funds. |
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2009 Vintage U.S. Venture Funds with Energy Investments | | Median IRR: | 12.69% | | Top Quartile IRR Hurdle Rate: | 17.00% | | Median TVPI: | 1.6x | | Average Amount Distributed: | $174.11 million |
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Bain Capital backs Asian medical service provider Insight Equity-backed Dustex adds Lundberg | Insight Equity announced that its air pollution control manufacturer Dustex has acquired Lundberg, a company that specializes in the design and supply of custom solutions including engineering, systems and equipment for the process industries. | Environmental Services CleanTech
Bellevue, WA | | |
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PWP leads $32M round for slice of MOD Pizza | Perella Weinberg Partners has led a $32 million investment in MOD Pizza, a fast-casual pizza chain, with the proceeds slated to go toward the company’s plans to add more than 100 stores in 2016. PWP previously led a $45 million round in MOD last March. | |
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Middle Market Growth March/April Issue Pets have moved progressively from the barn to the backyard, and finally into our homes, creating an opportunity for midsize businesses. The latest issue of Middle Market Growth profiles one such company—Phelps Industries, a maker of healthy pet treats backed by Wafra Partners.
In addition to the pet products industry, MMG tackles technology, with an inside feature about cybersecurity and proactive ways to stave off attack; meanwhile John Gabbert, the founder and CEO of PitchBook, looks at tech companies in the first installment of his MidPoints column. Visit www.middlemarketgrowth.org to read these stories and more. |
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Eurazeo to acquire two Swiss hospitality management schools Ardian to unload minority KOS stake for €292M | Ardian has agreed to sell its 47% interest in KOS, an Italian healthcare and residential care-home business. CIR, the existing majority shareholder in the company, will contribute €52 million to the deal, while F2i will acquire a 37% stake in the company for €240 million. | Outpatient Services Milan, Italy | | |
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Centre Lane amid its largest fundraise yet | Centre Lane Partners has raised $337 million for its fourth flagship fund, according to an SEC filing. The North American middle market investor’s previous vehicle closed on $187 million in 2013. | |
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NewWorld, CTV partner with U.S. residential solar company Abraaj launches energy development arm | The Abraaj Group has acquired Themis Energy in an effort to further extend the firm’s investment capabilities in the energy infrastructure space. As a member of Abraaj, Themis will leverage the group’s local teams, global network, execution capabilities and existing infrastructure team to originate, develop and manage projects from concept stage to operations. | PE/Buyout Dubai, United Arab Emirates |
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