Which firms were most active in private equity and venture capital in 2Q? Which service providers were involved in the most deals?
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- The Most Active PE & VC Firms – First-Ever Quarterly Global League Tables
In the latest edition of our quarterly Global League Tables, we rank the top investors, law firms, advisors and investment banks by deal type, region and more:
Introduction
This is the second-ever quarterly edition of the PitchBook Global League Tables. At the beginning of 2017, we decided to make this publication quarterly, not only to save space in our flagship report series such as the Venture Monitor, the US PE Breakdown, etc. by cutting down on the length of tables overall, but also to provide a timelier reference for firms. This way we can house all the essential rankings from the most active law firms by regions to investment banks by deal type in one central document for easier reference.
An important note to make regarding this edition of the Global League Tables is that later this quarter we will be releasing a lenders-only League Tables, the better to accommodate business development company reporting cycles as well as showcase expanded lender datasets. Accordingly, rather than release potentially shifting rankings, we are excluding lenders from this edition. That will be due to the necessity of the survey collection process as well as the fact that any set of data pulled at different times may modify slightly as additional details are discovered and added to the PitchBook Platform.
Of course, given that only one quarter has elapsed, the quarterly editions shall likely be somewhat shorter than the full annual edition, simply as there shan’t have been much activity of some types and in some regions. As the release of the Global League Tables shall typically fall at the end of the first month in a given quarter, there is ample time allowed for all firms to get in touch with us to ensure that their placement is accurately represented.
To that end, if you wish to contact us regarding this specific report, please contact us at [email protected], but if you wish instead to inquire as to our general survey process, please send your questions to [email protected].
GARRETT JAMES BLACK
Manager, Custom Research & Publishing
Methodology
LEAGUE TABLES
All league tables are compiled using the count of completed deals for the specified deal type, region and/or other criteria.
PRIVATE EQUITY DEALS
The report includes all PE investments (buyout, growth, recapitalization and add-on), excluding real estate investments. Only investments made directly by PE investors or their portfolio companies are counted. Buyout deals are defined as transactions in which the PE investor receives a controlling ownership stake in the target company. Growth deals are defined as minority investments. Add-on deals are defined as acquisitions by companies with PE backing.
VENTURE CAPITAL DEALS
This report includes all VC investments (including angel/seed). Only investments made directly by VCs, incubators/accelerators and angels are counted. Venture rounds tracked as accelerator/incubator are not included. As our league tables are based on round classifications, financings by investors such as corporate VC arms are included.
M&A TRANSACTIONS
Eligible transaction types include control acquisitions, leveraged buyouts (including asset acquisitions solely for LBOs), reverse mergers and spin-offs. Transactions must involve SMEs or corporations, and must be a substantive transfer of control or ownership. Debt restructurings or other liquidity, self-tenders or internal reorganizations are not included.
LENDERS
Lender league tables look at completed PE deals the lender provided debt financing for in a given time period or region. The transaction must involve equity provided by a PE firm. In league tables for debt-only financings, the transaction must involve debt financing to a company that is PE-backed or VC-backed.
SERVICE PROVIDERS
Service provider (SP) league tables are compiled using the same criteria for deals as the other league tables. Transactions are not counted twice, meaning if the SP provided the same service to both the investor and company on one deal, it would only receive credit for one deal in the rankings, not two.
EXITS
Exit league tables take into account both full and partial exits via corporate acquisition, secondary PE buyout and IPO. Dividend recapitalizations are not taken into account in the report.
INDUSTRIES & SECTORS
Companies tracked by PitchBook have a primary industry, as well as secondary industries. For this report, the primary industry was used to determine rankings by industry and sector.
US REGIONS
West Coast: Alaska, California, Hawaii, Oregon, Washington
Mountain: Arizona, Colorado, Idaho, Montana, Nevada, New Mexico, Utah, Wyoming
Midwest: Iowa, Kansas, Missouri, Nebraska, North Dakota, South Dakota
Great Lakes: Illinois, Indiana, Michigan, Minnesota, Ohio, Wisconsin
New England: Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, Vermont
Mid-Atlantic: Delaware, DC, Maryland, New Jersey, New York, Pennsylvania, Virginia, West Virginia
South: Arkansas, Kentucky, Louisiana, Oklahoma, Tennessee, Texas
Southeast: Alabama, Florida, Georgia, Mississippi, North Carolina, Puerto Rico, South Carolina
EUROPEAN REGIONS
UK & Ireland: United Kingdom, Ireland, Channel Islands
DACH: Germany, Switzerland, Austria, Liechtenstein France/Benelux: France, Belgium, Netherlands, Luxembourg
Nordic: Denmark, Faroe Islands, Finland, Greenland, Iceland, Norway, Sweden
Southern Europe: Andorra, Cyprus, Gibraltar, Greece, Italy, Malta, Monaco, Portugal, San Marino, Spain
Central & Eastern Europe (CEE): Albania, Belarus, Bosnia-Herzegovina, Bulgaria, Croatia, Czech Republic, Estonia, Hungary, Kosovo, Latvia, Lithuania, Macedonia, Moldova, Montenegro, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, Ukraine
REST OF WORLD
Any country besides the United States or European nations.
For more information on our methodology, contact [email protected] or [email protected].
Private Equity Firms
2Q 2017 PE INVESTORS BY DEAL LOCATION, US
2Q 2017 PE INVESTORS BY DEAL LOCATION, EUROPE & ROW
2Q 2017 GLOBAL PE INVESTORS BY FIRM AUM
2Q 2017 PE INVESTORS BY DEAL TYPE
2Q 2017 PE INVESTORS BY INDUSTRY
2Q 2017 PE INVESTOR EXITS BY COMPANY HQ
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