pitchbook pe trends 2011 presentation deck

8/7/2019 PitchBook PE Trends 2011 Presentation Deck

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:: 20112011

PitchBook’s 2011 Annual PE Presentation Deck

Request a demonstration or training:

Email: demo@pitchbook.com Phone: 1-877-267-5593

For additional analysis or slides:

Email:research@pitchbook.comPhone: 1-877-636-3496

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About the PitchBook Platform

PitchBook is an independent and impartial research firm dedicated to providingpremium data, news and analysis to the private equity industry. As aspecialty-focused information resource, PitchBook's core strength is its ability tometiculously collect, organize and analyze hard to find private equity and venturecapital deal and fund data.

PitchBook’s mission is to provide its clients with the highest quality private equity

information, with an acute focus on deals and companies. PitchBook aims not onlyto offer market-leading proprietary data, but to also provide the tools that helpindustry professionals effectively find, share and use information to make betterdecisions.

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 Three Aspects of Private EquityFundraising, Investment & Exits Trends

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Private EquityPrivate Equity

InvestmentInvestment

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.2009

Number of Deals Closed and Total Capital Invested by Year 

Source: PitchBook 

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.2Q 2009

Number of Deals Closed and Total Capital Invested by Quarter 

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Middle-Market Deal Activity IncreasesPercentage of Deal Volume (count) by Deal Size Range

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70% of Capital Invested in Deals Over$500M

Percentage of Deal Volume (capital) by Deal Size Range

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Midwest is the Top Region for PEInvestment Percentage of Deal Volume (count) by 

Region

B2B H ld O t Hi h t V l f

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B2B Holds Onto Highest Volume of Deals

Percentage of Deal Volume (count) by Industry 

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B2C Capital Invested Increased 3.8x from2009

Percentage of Deal Volume (capital) by Industry 

Add % Cli b f th 6th St i ht

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Add-ons % Climbs for the 6th Straight Year

 Add-on Deals as Percentage of Buyout Deals

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Deals Under $1B Require More EquityPercentage of Equity Used in Buyouts

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Private EquityPrivate Equity

ExitsExits

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  09 Quarterly PE Exits by Corporate Acquisition, IPO and 

Secondary Sale

Percentage of capital invested by industry 

r

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  r es ear or x s on ecor  Annual PE Exits by Corporate Acquisition, IPO and 

Secondary Sale

Percentage of capital invested by industry 

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 IPO

 Percentage of PE Exits by Type

Percentage of capital invested by industry 

di i l i

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Median Exit Value Jumps in 2010 Median Exit Size ($M)

Percentage of capital invested by industry 

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PE Firms Holding onto Companies Longer  Average Time from Buyout to Exit 

Percentage of capital invested by industry 

P f li C O h K B ildi

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Portfolio Company Overhang Keeps Buildingwith 4,000 PE Investments Now 5-Years or Older

 Number of Private Equity-Owned Companies

Percentage of capital invested by industry 

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Private EquityPrivate Equity

FundraisingFundraising

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PE Funds Struggle to Close in 2010Number of Funds Closed and Total Capital Raised by Year 

2H 2010 W 6 M th Si 2003

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2H 2010, Worse 6 Months Since 2003Number of Funds Closed and Total Capital Raised by 

Quarter 

Ti S t F d i i 2010 Vi t

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 Time Spent Fundraising 2010 VintageAlmost Doubles from 2007 Vintage

 Average Time Spent Fundraising by Close Year 

Middle Market Funds Raise Majority of

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Middle Market Funds Raise Majority of Capital

Percentage of US PE Funds (Count) by Size

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$1B - $5B Funds Dominate CapitalRaised

Percentage of Capital Raised by Size – US Funds

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PE Investors Siting on $490B of DryPowder Capital Overhang of US PE Investors by 

Vintage Year 

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Contact PitchBook

We welcome and encourage you to request aFREE TRIAL of the PitchBook Platform.

 To schedule a demonstration of the PitchBook Platform, please contact usby phone, email or through our website, www.pitchbook.com.

SalesEmail: demo@pitchbook.com Phone: 1-877-267-5593

Or for additional slides and analysis

ResearchEmail: research@pitchbook.comPhone: 1-877-636-3496