Joseph Weitemeyer

PE firms appear to be betting big on technology. As of November 2018, 1,079 tech-focused PE-backed deals were announced, Preqin reports. That’s slightly behind the total for 2017 (1,096). What’s more, tech-focused assets under management reached a record in March 2018 at $569 billion. Download as an Excel file: Charts of the Week 12.3  

It was a slower week for U.S.-based buyout and mezzanine fundraising since the last issue of Buyouts, but it still added more than $3.4 billion to the year-to-date 2018 total, which now exceeds $182.1 billion. The year continues to close in on last year’s tally, trailing by $10.6 billion, or 5.5 percent. Trilantic Capital Partners […]

Add-ons and buyouts have jockeyed as the leading investment strategy for PE-backed deals for tech, according to Preqin. Thus far in 2018, 449 global tech deals have been add-ons, a five-year high. There have been 331 buyouts in 2018; there were 375 in 2017. Download as an Excel file: Charts of the Week 12.3

Emerging managers raised more than $1.1 billion in the past week. Four firms raised over $100 million. No firm raised as much as Novalpina Capital. The private equity firm raised more than $328 million and targets over $1.1 billion. The other PE firm to cross the $100 million mark was Corbin Capital Partners. Its first […]

U.S.-based buyout and mezzanine fundraising added $23.5 billion to the year-to-date total, nearly triple the addition from the last issue of Buyouts. This year is closing the gap from its YTD 2017 total, but still trails by $13.7 billion, or 7.1 percent. Four funds crossed the billion-dollar mark: Hellman & Friedman’s ninth flagship closed at $16 billion. […]

Emerging managers raised more than $1.6 billion in the past few weeks. Eight firms raised over $100 million, six of which were private equity firms. ICONiQ, which has powerful Silicon Valley executive connections such as Mark Zuckerberg, out-raised all other emerging managers. Its third co-investment vehicle raised over $224 million. With its acquisition of Cim […]

Independent sponsors — firms that operate on a deal-by-deal basis — have become more prominent in the strong economy. Less than half of those surveyed in the 2018 Buyouts Insider’s “Guide to Independent Sponsors” said they plan to raise a committed fund. Download as an Excel file: Charts of the Week 11.19

The ability to complete a deal is most important for the survival of an independent sponsor. Eighty-nine percent of firms surveyed in the 2018 Buyouts Insider’s “Guide to Independent Sponsors” believe buyouts are the best strategy for deal making. Growth equity and consolidation were also popular strategies, at 69 percent and 42 percent, respectively. Download as […]

U.S.-based buyout and mezzanine fundraising added at least $7.2 billion to the 2018 total since the last issue of Buyouts, continuing the strong pace set for Q4. Still, total fundraising trails its YTD 2017 total by $31 billion, or 16.6 percent. Notable fundraisers include the following: Carlyle Group has raised nearly $5.6 billion for its fifth […]

Nearly six dozen companies have cause for concern as 2018 nears an end, and the honeymoon is over for Clayton, Dubilier & Rice and David’s Bridal. These are private equity-sponsored companies that received distressed ratings, defined as an issuer credit rating of B- or lower with a negative outlook from Standard & Poor’s or a […]