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Global League Tables 2017 1Q

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GlobalLeague Tables2017

1Q

Credits & ContactPitchBook Data, Inc.

JOHN GABBERT Founder, CEO

ADLEY BOWDEN Vice President,

Market Development & Analysis

ContentGARRETT JAMES BLACK Senior Analyst

BRYAN HANSON Data Analyst

JENNIFER SAM Senior Graphic Designer

Contact PitchBook pitchbook.com

RESEARCH

[email protected]

EDITORIAL

[email protected]

SALES

[email protected]

COPYRIGHT © 2017 by PitchBook Data, Inc. All rights reserved. No part of this publication may be reproduced in any form or by any means—graphic, electronic, or mechanical, including photocopying, recording, taping, and information storage and retrieval systems—without the express written permission of PitchBook Data, Inc. Contents are based on information from sources believed to be reliable, but accuracy and completeness cannot be guaranteed. Nothing herein should be construed as any past, current or future recommendation to buy or sell any security or an offer to sell, or a solicitation of an offer to buy any security. This material does not purport to contain all of the information that a prospective investor may wish to consider and is not to be relied upon as such or used in substitution for the exercise of independent judgment.

Introduction 3

Methodology 4

PE Firms 5-11

VC Firms 12-17

Lenders 18-20

Advisors/Accountants & Investment

Banks21-26

Law Firms 27-34

Acquirers 35-37

Contents

The PitchBook PlatformThe data in this report comes from the PitchBook Platform–our data

software for VC, PE and M&A. Contact [email protected] to request

a free trial.

2 PITCHBOOK 1Q 2017 GLOBAL LEAGUE TABLES

Each year, we seek to refresh our approach when it comes to providing

the most comprehensive rankings of private equity and venture capital

firms’ activity, as well as affiliated service providers. Accordingly, we’ve

decided to remove redundancies by adding rankings of the most active

advisors and law firms in general mergers and acquisitions (M&A)

activity to the following pages.

On top of that, this is the first-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. 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].

INTRODUCTION

Look up a company.

And its cap table.

And its investors.

And its EBITDA

multiples.

And its board

members.

In seconds.

The PitchBook Platform

has the data you need

to close your next deal.

Learn more at

pitchbook.comGARRETT JAMES BLACK

Senior Analyst

3 PITCHBOOK 1Q 2017 GLOBAL LEAGUE TABLES

METHODOLOGYLEAGUE 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 private equity 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, D.C., 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].

4 PITCHBOOK 1Q 2017 GLOBAL LEAGUE TABLES

Firm name Deal count

Kohlberg Kravis Roberts 19

The Carlyle Group 18

Bpifrance 15

TA Associates Management 14

HarbourVest Partners 13

Audax Group 13

The Blackstone Group 12

ABRY Partners 12

AlpInvest Partners 11

The Riverside Company 10

Ardian Holding 10

Providence Equity Partners 9

Inflexion Private Equity 9

CI Capital Partners 9

Warburg Pincus 8

H.I.G. Capital 8

LDC 8

Madison Dearborn Partners 8

Hellman & Friedman 8

Bain Capital 8

1Q’17 most active global PE investors

PRIVATE EQUITY FIRMS

1Q 2017’s Most Active PE Investors 5

PE Investors by Deal Location 6-7

PE Investors by Firm AUM 8

PE Investors by Deal Type 9

PE Investors by Industry 10

PE Investor Exits by Company HQ 11

Contents

Source: PitchBook

PRIVATE EQUITY FIRMS

5 PITCHBOOK 1Q 2017 GLOBAL LEAGUE TABLES

1Q 2017 PE INVESTORS BY DEAL LOCATION

Firm name Deal count

HarbourVest Partners 12

Audax Group 11

ABRY Partners 10

Kohlberg Kravis Roberts 10

TA Associates Management 9

CI Capital Partners 9

The Blackstone Group 8

The Carlyle Group 7

Providence Equity Partners 7

Shore Capital Partners 7

The Riverside Company 7

Maranon Capital 7

Genstar Capital 7

Most active in US

Firm name Deal count

Audax Group 3

Summit Partners 3

Most active in Great Lakes

Firm name Deal count

The Carlyle Group 5

Apax Partners 3

ABRY Partners 3

Great Point Partners 3

Audax Group 3

The Blackstone Group 3

Most active in Mid-Atlantic

Firm name Deal count

H.I.G. Capital 2

Pamplona Capital Management

2

Most active in New England

Firm name Deal count

Lovell Minnick Partners 3

HarbourVest Partners 3

AlpInvest Partners 3

Hellman & Friedman 3

Most active in West Coast

Firm name Deal count

Shore Capital Partners 3

Parallel49 Equity 3

InTandem Capital Partners 3

The Blackstone Group 3

Most active in Southeast

Firm name Deal count

Kohlberg Kravis Roberts 3

Harvest Partners 3

TA Associates Management 3

CI Capital Partners 3

HarbourVest Partners 3

Most active in Mountain & Midwest

Firm name Deal count

ABRY Partners 5

HarbourVest Partners 4

Shore Capital Partners 3

Providence Equity Partners 3

EnCap Investments 3

Littlejohn & Company 3

Most active in South

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

6 PITCHBOOK 1Q 2017 GLOBAL LEAGUE TABLES

1Q 2017 PE INVESTORS BY DEAL LOCATION

Firm name Deal count

Bpifrance 15

Inflexion Private Equity 8

Ardian Holding 8

Business Growth Fund 7

LDC 7

The Carlyle Group 7

Amundi Private Equity 6

Cinven 6

Eurazeo 6

Siparex Group 6

HgCapital 5

Omnes Capital 5

Main Capital Partners 5

Societe Generale Capital Partenaires

5

Kohlberg Kravis Roberts 5

HgCapital Trust 5

Bridgepoint 5

Wise SGR 5

Most active in Europe

Firm name Deal count

Bpifrance 12

Ardian Holding 5

Amundi Private Equity 5

Societe Generale Capital Partenaires

5

Omnes Capital 4

Naxicap Partners 4

Siparex Group 4

Main Capital Partners 4

iXO Private Equity 4

Initiative & Finance 4

Most active in Central & Eastern Europe

Firm name Deal count

The Carlyle Group 4

Kohlberg Kravis Roberts 4

Fengate Capital Management 3

TA Associates Management 3

Hillhouse Capital Management

3

Most active in France & Benelux

Firm name Deal count

Business Growth Fund 7

Inflexion Private Equity 7

LDC 7

The Carlyle Group 5

Synova Capital 4

Endless 4

NEL Fund Managers 4

Cairngorm Capital 4

Foresight Group 4

Most active in UK & Ireland

Firm name Deal count

Kai Capital Management 3

LEA Partners 2

Ufenau Capital Partners 2

AFINUM 2

Nordwind Capital 2

Arkéa Capital Investissement 2

Gilde Healthcare Partners 2

Most active in DACH

Firm name Deal count

SVG Capital 4

AP Fonden 6 4

AlpInvest Partners 4

HgCapital Trust 4

Kohlberg Kravis Roberts 3

HgCapital 3

Vaaka Partners 3

Cinven 3

Agenda Capital 3

Most active in Nordics

Firm name Deal count

Wise SGR 3

IDeA Capital Funds 3

Most active in Southern Europe

Firm name Deal count

Baring Vostok Capital Partners

3

BaltCap 2

Mid Europa Partners 2

Most active in rest of worldSource: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

7 PITCHBOOK 1Q 2017 GLOBAL LEAGUE TABLES

1Q 2017 GLOBAL PE INVESTORS BY FIRM AUMMost active $5B+ Most active $500M-$1B

Firm name Deal count

Shore Capital Partners 7

New MainStream Capital 5

Societe Generale Capital Partenaires

5

Boathouse Capital 5

Wise SGR 5

Spring Capital Partners 4

iXO Private Equity 4

Initiative & Finance 4

AUA Private Equity Partners 4

Atlantic Street Capital Management

3

Petra Capital Partners 3

Pelican Energy Partners 3

Tecum Capital Management 3

NVM Private Equity 3

The Stagwell Group 3

Most active $250M-$500M

Most active $1B-$5B

Most active <$250M

Firm name Deal count

Kohlberg Kravis Roberts 19

The Carlyle Group 18

Bpifrance 15

TA Associates Management 14

Audax Group 13

HarbourVest Partners 13

The Blackstone Group 12

ABRY Partners 12

AlpInvest Partners 11

Ardian Holding 10

The Riverside Company 10

Providence Equity Partners 9

Madison Dearborn Partners 8

Warburg Pincus 8

Bain Capital 8

H.I.G. Capital 8

Hellman & Friedman 8

Genstar Capital 7

American Securities 6

Apax Partners 6

Apollo Global Management 6

GTCR 6

Cinven 6

Eurazeo 6

Advent International 6

Source: PitchBook

Firm name Deal count

Inflexion Private Equity 9

CI Capital Partners 9

Maranon Capital 7

Business Growth Fund 7

Siparex Group 6

Waud Capital Partners 6

Amundi Private Equity 6

Harvest Partners 6

Lovell Minnick Partners 6

The Sterling Group 5

Tailwind Capital 5

Omnes Capital 5

CM-CIC Private Debt 5

Endless 5

Littlejohn & Company 5

Firm name Deal count

Blue Point Capital Partners 7

Altamir 6

Webster Capital 5

Parallel49 Equity 4

Synova Capital 4

NorthEdge Capital 3

Argosy Private Equity 3

Triangle Peak Partners 3

Trive Capital 3

Frontenac Company 3

Unigrains 3

Source: PitchBook

Source: PitchBook

Source: PitchBook

Firm name Deal count

InTandem Capital Partners 5

Main Capital Partners 5

Cairngorm Capital 4

NEL Fund Managers 4

Dubin Clark & Company 4

Weatherford Partners 3

Ouest Croissance Gestion 3

Source: PitchBook

8 PITCHBOOK 1Q 2017 GLOBAL LEAGUE TABLES

1Q 2017 PE INVESTORS BY DEAL TYPEMost active in buyouts Most active in growth/expansion

Firm name Deal count

Lovell Minnick Partners 5

Kohlberg Kravis Roberts 4

L Catterton 4

Business Growth Fund 4

Bpifrance 3

TA Associates Management 3

Agenda Capital 3

General Atlantic 3

Hillhouse Capital Management

3

Petra Capital Partners 3

Firm name Deal count

Bpifrance 8

Bain Capital 6

The Blackstone Group 5

The Carlyle Group 5

Tailwind Capital 4

H.I.G. Capital 4

Endless 4

iXO Private Equity 4

Kai Capital Management 3

Sun Capital Partners 3

Triacta 3

Calera Capital 3

TPG Capital 3

Cloud Equity Group 3

Kohlberg Kravis Roberts 3

CVC Capital Partners 3

Littlejohn & Company 3

EQT Partners 3

Ardian Holding 3

IDeA Capital Funds 3

Ouest Croissance Gestion 3

Initiative & Finance 3

LDC 3

Firm name Deal count

HarbourVest Partners 13

Audax Group 13

Kohlberg Kravis Roberts 12

ABRY Partners 12

The Carlyle Group 11

AlpInvest Partners 11

TA Associates Management 9

CI Capital Partners 8

Hellman & Friedman 8

Maranon Capital 7

The Riverside Company 7

The Blackstone Group 7

Ardian Holding 7

Madison Dearborn Partners 6

Altamir 6

American Securities 6

Blue Point Capital Partners 6

Warburg Pincus 5

Waud Capital Partners 5

The Cambria Group 5

Providence Equity Partners 5

Shore Capital Partners 5

GTCR 5

Apax Partners 5

HgCapital Trust 5

CM-CIC Private Debt 5

HgCapital 5

Eurazeo 5

Inflexion Private Equity 5

Source: PitchBook

Source: PitchBook

Source: PitchBook

Most active add-on sponsors

9 PITCHBOOK 1Q 2017 GLOBAL LEAGUE TABLES

1Q 2017 PE INVESTORS BY INDUSTRY

Firm name Deal count

Bpifrance 12

The Carlyle Group 8

Kohlberg Kravis Roberts 6

Inflexion Private Equity 5

Ardian Holding 5

The Riverside Company 5

Blue Point Capital Partners 4

Cairngorm Capital 4

Audax Group 4

The Sterling Group 4

One Equity Partners 4

Harbour Group 4

HarbourVest Partners 4

Dubin Clark & Company 4

H.I.G. Capital 4

iXO Private Equity 4

Most active in B2B

Most active in B2C

Most active in IT

Most active in financial services

Most active in healthcare

Most active in energy

Firm name Deal count

Eurazeo 5

Business Growth Fund 4

Sentinel Capital Partners 4

Firm name Deal count

Kohlberg Kravis Roberts 8

TA Associates Management 7

Madison Dearborn Partners 6

Providence Equity Partners 5

Thoma Bravo 4

HgCapital 4

AlpInvest Partners 4

Main Capital Partners 4

Insight Venture Partners 4

Firm name Deal count

Shore Capital Partners 7

CI Capital Partners 5

ABRY Partners 5

InTandem Capital Partners 5

Riata Capital Group 4

Webster Capital 4

New MainStream Capital 4

Waud Capital Partners 3

The Riverside Company 3

PNC Erieview Capital 3

PAI Partners 3

Firm name Deal count

Riverstone Holdings 3

Kohlberg Kravis Roberts 3

Pearl Energy Investments 2

Capital Dynamics 2

The Blackstone Group 2

Denham Capital Management 2

Magnetar Capital 2

EnCap Investments 2

Post Oak Energy Capital 2

Fengate Capital Management 2

Triangle Peak Partners 2

I Squared Capital 2

NGP 2

Firm name Deal count

HarbourVest Partners 7

Lovell Minnick Partners 5

Hellman & Friedman 5

AlpInvest Partners 4

ABRY Partners 4

Apollo Global Management 3

Kelso & Company 3

The Blackstone Group 3

GTCR 3

The Carlyle Group 3

HPS Investment Partners 3

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Firm name Deal count

Audax Group 4

LDC 4

Endless 3

Parallel49 Equity 3

L Catterton 3

Unigrains 3

Penfund 3

American Infrastructure Funds

3

The Carlyle Group 3

Lone Star Funds 3

European Capital Fund Management

3

Leonard Green & Partners 3

Harvest Partners 3

Source: PitchBook

Most active in B2C, ctd.

10 PITCHBOOK 1Q 2017 GLOBAL LEAGUE TABLES

1Q 2017 PE INVESTOR EXITS BY COMPANY HQ

Firm name Deal count

3i Group 6

Epiris 5

The Blackstone Group 5

Kohlberg Kravis Roberts 5

Apollo Global Management 5

Ardian Holding 5

The Riverside Company 5

Omnes Capital 4

Bain Capital 4

Ciclad 3

Praesidian Capital 3

Yukon Partners 3

Ridgemont Equity Partners 3

Arkéa Capital Investissement 3

Clearlake Capital Group 3

CM-CIC Investissement 3

Nordic Mezzanine 3

Credit Suisse 3

Sterling Partners 3

CVC Capital Partners 3

Intermediate Capital Group 3

Endless 3

LDC 3

Activa Capital 3

Bridgepoint 3

The Goldman Sachs Group 3

Siparex Group 3

Thoma Bravo 3

Most active global

Firm name Deal count

The Blackstone Group 4

The Riverside Company 3

Stone Point Capital 3

ABRY Partners 3

GTCR 3

Clearlake Capital Group 3

Sun Capital Partners 3

Kohlberg Kravis Roberts 3

Thoma Bravo 3

Ridgemont Equity Partners 3

Yukon Partners 3

Sterling Partners 3

Praesidian Capital 3

Most active in US

Most active in Europe

Firm name Deal count

Epiris 5

3i Group 5

Omnes Capital 4

Activa Capital 3

Harwood Private Equity 3

Ardian Holding 3

Apollo Global Management 3

Arkéa Capital Investissement 3

EQT Partners 3

Bpifrance 3

Nordic Mezzanine 3

Bridgepoint 3

Siparex Group 3

Ciclad 3

Endless 3

CM-CIC Investissement 3

Intermediate Capital Group 3

Source: PitchBook

Source: PitchBook

Source: PitchBook

Firm name Deal count

Stone Point Capital 3

Sun Capital Partners 3

Bpifrance 3

W Capital Partners 3

Harwood Private Equity 3

EQT Partners 3

TPG Capital 3

GTCR 3

H.I.G. Capital 3

ABRY Partners 3

Most active global, ctd.

11 PITCHBOOK 1Q 2017 GLOBAL LEAGUE TABLES

Firm name Deal count

500 Startups 31

New Enterprise Associates 27

Greycroft Partners 22

Accel 22

Index Ventures (UK) 18

Y Combinator 18

Techstars 17

Kleiner Perkins Caufield & Byers

17

Bessemer Venture Partners 16

GV 15

High-Tech Gründerfonds 15

Andreessen Horowitz 15

Matrix Partners China 13

Correlation Ventures 13

Octopus Ventures 12

True Ventures 12

Qualcomm Ventures 12

1Q’17’s most active global VC investors

VENTURE CAPITAL FIRMS

1Q 2017’s Most Active VC Investors 12

VC Investors by Deal Stage 13

VC Investors by Deal Location 14-15

VC Investors by Sector 16

VC Investor Exits by Company HQ 17

Contents

Source: PitchBook

12 PITCHBOOK 1Q 2017 GLOBAL LEAGUE TABLES

1Q 2017 VC INVESTORS BY DEAL STAGEMost active at angel/seed Most active at early stage Most active at late stage

Firm name Deal count

500 Startups 15

Techstars 12

SOSV 7

Y Combinator 6

Kima Ventures 6

Correlation Ventures 6

Social Starts 5

Liquid 2 Ventures 5

Greycroft Partners 5

First Round Capital 5

Allos Ventures 5

Elevate Ventures 5

Vulcan Capital 4

LocalGlobe 4

Plug and Play Tech Center 4

M25 Group 4

SV Angel 4

FUEL Capital 4

Khosla Ventures 4

High-Tech Gründerfonds 4

Ben Franklin Technology Partners of Southeastern Pennsylvania

4

Alven Capital Partners 4

Source: PitchBook

Source: PitchBook

Firm name Deal count

Greycroft Partners 14

Accel 14

500 Startups 12

Y Combinator 11

New Enterprise Associates 9

Partech Ventures 9

ARCH Venture Partners 9

Matrix Partners China 8

Bessemer Venture Partners 8

Index Ventures (UK) 7

ZhenFund 7

Redpoint Ventures 7

High-Tech Gründerfonds 7

Lightspeed Venture Partners 7

GV 7

Slack Technologies 6

Microsoft Ventures 6

Kleiner Perkins Caufield & Byers

6

Johnson & Johnson Innovation (JJDC)

6

General Catalyst Partners 6

Lerer Hippeau Ventures 6

IDG Ventures India 6

Lux Capital 6

Andreessen Horowitz 6

Digital Currency Group 6

Canaan Partners 6

Source: PitchBook

Firm name Deal count

New Enterprise Associates 16

Kleiner Perkins Caufield & Byers

10

Sequoia Capital 9

Qualcomm Ventures 8

Index Ventures (UK) 8

Accel 8

Octopus Ventures 7

Andreessen Horowitz 7

GV 7

True Ventures 6

SharesPost 6

Bessemer Venture Partners 6

GGV Capital 6

Matrix Partners 6

Battery Ventures 5

Scottish Enterprise 5

Sapphire Ventures 5

Venrock 5

Sequoia Capital India 5

F-Prime Capital Partners 5

Intel Capital 5

Eight Roads Ventures 5

Matrix Partners China 5

13 PITCHBOOK 1Q 2017 GLOBAL LEAGUE TABLES

1Q 2017 VC INVESTORS BY DEAL LOCATION

Firm name Deal count

New Enterprise Associates 24

Greycroft Partners 19

Kleiner Perkins Caufield & Byers

17

Andreessen Horowitz 15

Y Combinator 14

Techstars 13

GV 13

Correlation Ventures 12

Accel 12

SV Angel 11

True Ventures 11

First Round Capital 11

Foundry Group 11

Bessemer Venture Partners 11

Khosla Ventures 10

Lightspeed Venture Partners 10

500 Startups 10

Data Collective 10

ARCH Venture Partners 10

Most active in US

Firm name Deal count

Elevate Ventures 7

Hyde Park Angels 5

Allos Ventures 4

M25 Group 3

Plymouth Ventures 3

Service Provider Capital 3

KDWC Ventures 3

JumpStart 3

Most active in Great Lakes

Firm name Deal count

Greycroft Partners 9

New Enterprise Associates 6

Lerer Hippeau Ventures 6

Ben Franklin Technology Partners of Southeastern Pennsylvania

5

Bessemer Venture Partners 5

Techstars 5

Most active in Mid-Atlantic

Firm name Deal count

Connecticut Innovations 6

New Enterprise Associates 6

Charles River Ventures 4

Atlas Venture 4

General Catalyst Partners 3

Matrix Partners 3

Globespan Capital Partners 3

Most active in New England

Firm name Deal count

Kleiner Perkins Caufield & Byers

13

Andreessen Horowitz 13

New Enterprise Associates 10

Y Combinator 8

GV 8

First Round Capital 8

Data Collective 8

True Ventures 7

Plug and Play Tech Center 7

Qualcomm Ventures 7

Sequoia Capital 7

Lightspeed Venture Partners 7

Khosla Ventures 7

Accel 7

500 Startups 7

Madrona Venture Group 7

Most active in West Coast

Firm name Deal count

FAN Fund 3

Hatteras Venture Partners 3

Most active in Southeast

Firm name Deal count

Missouri Technology 4

EPIC Ventures 4

Right Side Capital Management

3

Phyto Partners 3

Cultivation Capital 3

Paladin Capital Group 3

Mid America Angels 3

Most active in Mountain & Midwest

Firm name Deal count

Capital Factory 4

Silverton Partners 3

Central Texas Angel Network 3

Most active in South

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

14 PITCHBOOK 1Q 2017 GLOBAL LEAGUE TABLES

1Q 2017 VC INVESTORS BY DEAL LOCATION

Firm name Deal count

High-Tech Gründerfonds 15

Index Ventures (UK) 12

Octopus Ventures 10

Enterprise Ireland 10

Scottish Enterprise 8

Mercia Technologies 7

Point Nine Capital 6

Seventure Partners 6

Seedcamp 6

Touchstone Innovations 6

IBB Beteiligungsgesellschaft 6

Holtzbrinck Ventures 6

Kima Ventures 6

LocalGlobe 6

500 Startups 6

Accel 6

Most active in Europe

Firm name Deal count

Foundation for Internet Development-Initiatives

4

bValue Angels VC 2

Most active in Central & Eastern Europe

Firm name Deal count

Seventure Partners 5

Index Ventures (UK) 5

Kima Ventures 5

Alven Capital Partners 4

Participatiemaatschappij Vlaanderen

4

Partech Ventures 3

ISAI 3

360 Capital Partners 3

Kreaxi 3

Newfund Management 3

Most active in France & Benelux

Firm name Deal count

Enterprise Ireland 10

Scottish Enterprise 8

Octopus Ventures 7

Mercia Technologies 7

LocalGlobe 6

Seedcamp 6

Touchstone Innovations 6

Passion Capital 4

Notion Capital 4

London Business Angels 4

London Co-Investment Fund 4

Most active in UK & Ireland

Firm name Deal count

High-Tech Gründerfonds 15

IBB Beteiligungsgesellschaft 6

Bayern Kapital 5

btov Partners 4

Redalpine Venture Partners 4

Holtzbrinck Ventures 4

Most active in DACH

Firm name Deal count

Creandum 5

Northzone Ventures 4

Sandvikeninvesterarna 3

Most active in Nordics

Firm name Deal count

Kibo Ventures Partners 3

Inveready Technology Investment Group

3

Caixa Capital Risc 3

Innogest 2

Italian Angels for Growth 2

Ad4Ventures 2

LVenture Group 2

Most active in Southern Europe

Firm name Deal count

500 Startups 15

Matrix Partners China 12

Sequoia Capital India 8

Qiming Venture Partners 7

IDG Ventures India 7

Bessemer Venture Partners 5

ZhenFund 5

East Ventures 5

GGV Capital 5

Most active in rest of world

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

15 PITCHBOOK 1Q 2017 GLOBAL LEAGUE TABLES

1Q 2017 VC INVESTORS BY SECTORFirm name Deal count

500 Startups 16

Index Ventures (UK) 14

Bessemer Venture Partners 13

Accel 13

Kleiner Perkins Caufield & Byers

12

Greycroft Partners 12

New Enterprise Associates 11

Andreessen Horowitz 11

Y Combinator 10

Techstars 10

Slack Technologies 9

Sequoia Capital 9

Redpoint Ventures 9

First Round Capital 9

Most active in software

Firm name Deal count

Greycroft Partners 3

Anand Chandrasekaran 3

FirstMark Capital 2

Sistema Asia Fund 2

Forerunner Ventures 2

Accel 2

Helion Venture Partners 2

Azure Capital Partners 2

SV Angel 2

BBG Ventures 2

Italian Angels for Growth 2

Most active in consumer goodsFirm name Deal count

New Enterprise Associates 6

Mid America Angels 3

Seroba Life Sciences 3

High-Tech Gründerfonds 3

Keiretsu Forum 3

Most active in healthcare devices &

supplies

Firm name Deal count

Qualcomm Ventures 3

Walden International 2

Samsung Venture Investment 2

Accel 2

ZhenFund 2

Digital Currency Group 2

S-Cubed Capital 2

Globespan Capital Partners 2

Y Combinator 2

High-Tech Gründerfonds 2

Haystack 2

Intel Capital 2

New Enterprise Associates 2

Most active in IT hardware

Firm name Deal count

Johnson & Johnson Innovation - JJDC

7

ARCH Venture Partners 6

OrbiMed 5

F-Prime Capital Partners 5

TPG Biotech 4

Novo 4

Sofinnova Ventures 4

GV 4

Canaan Partners 4

Versant Ventures 4

SV Health Investors 4

Osage Venture Partners 4

Atlas Venture 3

Touchstone Innovations 3

Lilly Ventures 3

Founders Fund 3

High-Tech Gründerfonds 3

Osage University Partners 3

Most active in pharma & biotech

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Firm name Deal count

Great Oaks Venture Capital 3

Kalaari Capital 2

500 Startups 2

New Enterprise Associates 2

Orange Growth Capital 2

Social Capital 2

IDG Ventures India 2

Lerer Hippeau Ventures 2

Most active in media

Source: PitchBook

Firm name Deal count

Thrive Capital 3

500 Startups 3

Most active in healthcare services &

systems

Source: PitchBook

16 PITCHBOOK 1Q 2017 GLOBAL LEAGUE TABLES

1Q 2017 VC INVESTOR EXITS BY COMPANY HQ

Firm name Deal count

New Enterprise Associates 11

Index Ventures (UK) 6

Kleiner Perkins Caufield & Byers

6

Plug and Play Tech Center 5

Tim Draper 5

Accel 5

Spark Capital 5

Techstars 5

SV Angel 5

Meritech Capital Partners 5

Intel Capital 5

Lightspeed Venture Partners 5

Almi Invest 5

General Catalyst Partners 5

Thomas McInerney 4

Y Combinator 4

Western Technology Investment

4

Samsung Venture Investment 4

Social Leverage 4

Salesforce Ventures 4

High-Tech Gründerfonds 4

Norwest Venture Partners 4

Joe Caruso 4

500 Startups 4

DCM Ventures 4

Draper Fisher Jurvetson 4

Bantam Group 4

Draper Associates 4

Most active global

Firm name Deal count

New Enterprise Associates 10

Kleiner Perkins Caufield & Byers

6

Index Ventures (UK) 5

Techstars 5

SV Angel 5

Spark Capital 5

Lightspeed Venture Partners 5

Meritech Capital Partners 5

General Catalyst Partners 5

Accel 4

Joe Caruso 4

Social Leverage 4

Tim Draper 4

Salesforce Ventures 4

Intel Capital 4

Thomas McInerney 4

Norwest Venture Partners 4

Draper Fisher Jurvetson 4

Bantam Group 4

500 Startups 4

Most active in US

Firm name Deal count

Almi Invest 5

High-Tech Gründerfonds 3

Skandinaviska Enskilda Banken

2

LocalGlobe 2

Channel Four Television 2

Eqvitec Partners 2

Partech Ventures 2

Sopromec Participations 2

Bpifrance 2

Verdane Capital 2

Catapult Ventures 2

Industrifonden 2

Plug and Play Tech Center 2

Kreos Capital 2

Seedcamp 2

Most active in Europe

Source: PitchBook

Source: PitchBook

Source: PitchBook

17 PITCHBOOK 1Q 2017 GLOBAL LEAGUE TABLES

Firm name Deal count

Antares Capital 18

Madison Capital Funding 12

Golub Capital 9

Twin Brook Capital Partners 9

Monroe Capital 6

Bank of America 6

Yorkshire Bank 5

BNP Paribas 5

MidCap Financial Services 5

Franklin Synergy Bank 5

Crescent Capital 5

1Q 2017’s most active lenders global

in PE deals

LENDERS

1Q 2017’s Most Active Lenders 18

Lenders by PE Deal Location & Firm HQ 19

Lenders by Deal Type & Industry 20

Contents

Source: PitchBook

18 PITCHBOOK 1Q 2017 GLOBAL LEAGUE TABLES

1Q 2017 LENDERS BY PE DEAL LOCATION

Firm name Deal count

Antares Capital 18

Madison Capital Funding 12

Twin Brook Capital Partners 9

Golub Capital 8

Monroe Capital 6

Bank of America 5

Franklin Synergy Bank 5

Fifth Street 4

Crescent Capital 4

Sumitomo Mitsui Banking 3

Alliance Partners 3

Citizens Bank 3

NXT Capital 3

Barings Corporate Investors 3

J.P. Morgan 3

MidCap Financial Services 3

LBC Credit Partners 3

BMO Harris Bank 3

KeyBanc Capital Markets 3

Webster Financial 2

TCF Capital Funding 2

Kohlberg Kravis Roberts 2

Deutsche Bank 2

THL Credit 2

BNP Paribas 2

Abacus Finance Group 2

Fifth Third Bank 2

SunTrust Banks 2

Brookside Mezzanine Partners

2

Most active in US

Firm name Deal count

Yorkshire Bank 5

Le Crédit Lyonnais 4

CIC Lyonnaise de Banque 4

IdInvest Partners 3

Lloyds Banking Group 3

Caisse d'Epargne 3

Ares Capital 3

HSBC Holdings 3

Credit Agricole 3

Clydesdale Bank 3

Santander UK 2

Crédit Agricole Charente-Maritime Deux-Sèvres

2

Artemid 2

Bank of Ireland 2

Permira Debt Managers 2

Barclays 2

Most active in Europe

Firm name Deal count

BMO Financial Group 2

Nedbank 1

B.P. Marsh & Partners 1

Société Générale Bank & Trust 1

Standard Chartered 1

BNP Paribas 1

Rand Merchant Bank 1

Caisse de dépôt et placement du Québec

1

Overseas Private Investment Corporation

1

Canadian Imperial Bank of Commerce

1

Standard Bank of South Africa

1

Crédit Agricole Corporate & Investment Bank

1

TD Bank 1

ING Bank 1

Comerica - Technology & Life Sciences

1

Investec Bank 1

Bank of Ireland 1

Natixis 1

Most active in rest of world

Source: PitchBook

Source: PitchBook

Source: PitchBook

Firm name Deal count

TD Securities 2

Oaktree Capital Management 2

FS Investment 2

Patriot Capital 2

Barclays 2

Plexus Capital 2

The PNC Financial Services Group

2

RBC Capital Markets 2

Siemens Financial Services 2

Main Street 2

Firm name Deal count

UniCredit 2

BNP Paribas 2

Céréa Partenaire 2

Bpifrance 2

MidCap Financial Services 2

Allied Irish Bank 2

Rabobank Group 2

Most active in US, ctd. Most active in Europe, ctd.

19 PITCHBOOK 1Q 2017 GLOBAL LEAGUE TABLES

1Q’17 LENDERS BY PE DEAL TYPE

Firm name Deal count

Madison Capital Funding 7

Antares Capital 7

Le Crédit Lyonnais 4

Twin Brook Capital Partners 4

CIC Lyonnaise de Banque 4

HSBC Holdings 3

Yorkshire Bank 3

Bank of America 3

Clydesdale Bank 3

MidCap Financial Services 3

Abacus Finance Group 2

Crédit Agricole Charente-Maritime Deux-Sèvres

2

Deutsche Bank 2

Bpifrance 2

The PNC Financial Services Group

2

Investec Bank 2

Crescent Capital 2

Most active in B2B

Firm name Deal count

Antares Capital 12

Golub Capital 8

Madison Capital Funding 7

Twin Brook Capital Partners 6

Franklin Synergy Bank 5

Most active in buyouts

Firm name Deal count

Madison Capital Funding 11

Antares Capital 7

Square 1 Bank 6

Bank of America 5

NXT Capital 4

Lighter Capital 4

SVB Financial Group 4

Finance Wales 4

Most active in debt-only financings

Firm name Deal count

LBC Credit Partners 3

Société Générale Bank & Trust 2

IdInvest Partners 2

Bank of America 2

Permira Debt Managers 2

Citizens Bank 2

Twin Brook Capital Partners 2

Fifth Third Bank 2

Sumitomo Mitsui Banking 2

Most active in B2C

Firm name Deal count

Antares Capital 3

Fifth Street 3

Golub Capital 3

SunTrust Banks 2

TD Securities 2

Most active in IT

Firm name Deal count

Madison Capital Funding 5

Twin Brook Capital Partners 3

Yorkshire Bank 3

Antares Capital 3

Monroe Capital 3

Most active in other

1Q’17 PE LENDERS BY INDUSTRY

Firm name Deal count

Franklin Synergy Bank 5

Madison Capital Funding 3

Antares Capital 3

Golub Capital 3

Barclays 2

Twin Brook Capital Partners 2

MidCap Financial Services 2

Most active in healthcare

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Firm name Deal count

Artemid 2

Barings Corporate Investors 2

Lloyds Banking Group 2

BNP Paribas 2

GSO Capital Partners 2

Monroe Capital 2

Most active in B2B, ctd.

20 PITCHBOOK 1Q 2017 GLOBAL LEAGUE TABLES

Firm name Deal count

The Goldman Sachs Group 53

Morgan Stanley 39

J.P. Morgan 36

Citigroup 32

Credit Suisse 32

Raymond James Financial 30

Evercore Group 29

Deutsche Bank 28

Houlihan Lokey 28

Lazard 27

RBC Capital Markets 25

Piper Jaffray 24

Rothschild & Co 23

Stifel 23

Robert W. Baird & Co. 22

Canaccord Genuity 21

BMO Harris Bank 21

William Blair & Company 20

ADVISORS, I-BANKS & PLACEMENT AGENTS

1Q 2017’s Most Active I-banks 21

I-banks by PE Deal Location 22

I-banks by Deal Type 23

1Q 2017’s Most Active Advisors/

Accountants by PE Deal Location24

Advisors/Accountants by Deal Type 25

M&A Advisors by Deal Location 26

Contents

Source: PitchBook

1Q 2017’s most active global I-banks

ADVISORS/ACCOUNTANTS

21 PITCHBOOK 1Q 2017 GLOBAL LEAGUE TABLES

1Q 2017 I-BANKS BY PE DEAL LOCATION

Firm name Deal count

William Blair & Company 11

Houlihan Lokey 11

The Goldman Sachs Group 9

Raymond James Financial 8

Piper Jaffray 8

Harris Williams & Co. 7

Credit Suisse 7

Lincoln International 7

Moelis & Company 6

Robert W. Baird & Co. 6

Morgan Stanley 6

RBC Capital Markets 6

Deutsche Bank 5

Evercore Group 5

Stifel 5

J.P. Morgan 5

Lazard 5

Jefferies Group 4

SunTrust Banks 4

Stephens 4

DH Capital 3

Provident Healthcare Partners 3

Signal Hill Capital Group 3

America's Growth Capital 3

Petsky Prunier 3

TripleTree 3

Atlas Technology Group 3

Cascadia Capital 3

Most active in US

Most active in Europe

Firm name Deal count

Houlihan Lokey 3

RBC Capital Markets 2

Simmons & Company International

2

Credit Suisse 2

Lazard 2

Most active in rest of world

Source: PitchBook

Source: PitchBook

Source: PitchBook

Firm name Deal count

GCA Altium 10

Rothschild & Co 9

GCA Advisors 9

Robert W. Baird & Co. 4

The Goldman Sachs Group 4

Citigroup 4

Canaccord Genuity 4

Lazard 4

Livingstone Partners 4

Evercore Group 3

Firm name Deal count

CHILDS Advisory Partners 2

Healthcare Growth Partners 2

Cleary Gull 2

Grace Matthews 2

Cross Keys Capital 2

Covington Associates 2

Tyton Partners 2

Headwaters MB 2

Generational Equity 2

PJT Partners 2

TM Capital 2

JMP Securities 2

Mooreland Partners 2

KeyBanc Capital Markets 2

BB&T Capital Markets 2

Firm name Deal count

Credit Suisse 3

Raymond James Financial 3

Christie + Co 3

Fineurop Soditic 3

Morgan Stanley 2

Vitale & Co 2

Danske Bank 2

Arma Partners 2

Catalysis Capital Partners 2

FIH Partners 2

Peel Hunt 2

William Blair & Company 2

Silverpeak 2

Houlihan Lokey 2

Deutsche Bank 2

Lincoln International 2

Moelis & Company 2

Most active in US, ctd. Most active in Europe, ctd.

22 PITCHBOOK 1Q 2017 GLOBAL LEAGUE TABLES

1Q 2017 I-BANKS BY DEAL TYPEBuyouts PE & VC-backed IPOs PE & VC-backed acquisitions

Source: PitchBookSource: PitchBook

Source: PitchBook

Firm name Deal count

Houlihan Lokey 15

William Blair & Company 11

The Goldman Sachs Group 11

Lincoln International 10

Lazard 10

Rothschild & Co 10

Credit Suisse 10

Piper Jaffray 9

Robert W. Baird & Co. 9

Raymond James Financial 9

Evercore Group 8

GCA Altium 8

RBC Capital Markets 7

Deutsche Bank 7

Moelis & Company 7

Harris Williams & Co. 7

GCA Advisors 7

Morgan Stanley 6

Canaccord Genuity 5

Stifel 5

Citigroup 5

J.P. Morgan 5

SunTrust Banks 4

Livingstone Partners 4

Stephens 4

Firm name Deal count

Credit Suisse 11

The Goldman Sachs Group 11

J.P. Morgan 9

RBC Capital Markets 8

Morgan Stanley 8

Deutsche Bank 8

Robert W. Baird & Co. 7

Wells Fargo Securities 7

Jefferies Group 7

Citigroup 6

Evercore Group 5

BMO Harris Bank 5

Cowen and Company 5

Stifel 5

Canaccord Genuity 5

William Blair & Company 5

SunTrust Banks 4

Barclays Investment Bank 4

Raymond James Financial 4

JMP Securities 4

Piper Jaffray 4

Sumitomo Mitsui Banking Corporation

3

Mizuho Securities Company 3

SBI Securities 3

Nomura Securities 3

Firm name Deal count

The Goldman Sachs Group 8

Morgan Stanley 7

Lazard 7

Piper Jaffray 5

Raymond James Financial 5

Citigroup 5

RBC Capital Markets 4

BMO Harris Bank 4

Rothschild & Co 4

William Blair & Company 4

Houlihan Lokey 4

Evercore Group 4

Wells Fargo Securities 3

Harris Williams & Co. 3

J.P. Morgan 3

BDA Partners 3

Barclays Investment Bank 3

America's Growth Capital 3

23 PITCHBOOK 1Q 2017 GLOBAL LEAGUE TABLES

1Q’17 ADVISORS/ACCOUNTANTS BY PE DEAL LOCATIONMost active global Most active in US Most active in Europe

Source: PitchBook Source: PitchBook

Source: PitchBook

Firm name Deal count

KPMG 48

PricewaterhouseCoopers 37

Deloitte 31

EY 29

Houlihan Lokey 15

The Goldman Sachs Group 14

William Blair & Company 13

Barclays 12

Raymond James Financial 12

Credit Suisse 11

Lazard 11

Clearwater International 11

Robert W. Baird & Co. 10

Rothschild & Co 10

Bank of America 10

GCA Altium 9

Evercore Group 9

RBC Capital Markets 9

GCA Advisors 9

Lincoln International 9

Piper Jaffray 9

Morgan Stanley 8

Alvarez & Marsal 7

Harris Williams & Co. 7

Grant Thornton 7

Moelis & Company 7

BDO 7

Firm name Deal count

William Blair & Company 11

Houlihan Lokey 10

The Goldman Sachs Group 9

Raymond James Financial 8

Piper Jaffray 8

Bank of America 8

Barclays 8

PricewaterhouseCoopers 7

Credit Suisse 7

Robert W. Baird & Co. 6

Harris Williams & Co. 6

RBC Capital Markets 6

Lincoln International 6

Deloitte 6

Morgan Stanley 6

Evercore Group 5

Stifel 5

J.P. Morgan 5

Lazard 5

Moelis & Company 5

KPMG 4

SunTrust Banks 4

Stephens 4

Alvarez & Marsal 4

UBS 4

Deutsche Bank 4

Jefferies Group 4

Firm name Deal count

KPMG 36

PricewaterhouseCoopers 28

Deloitte 25

EY 21

Clearwater International 11

Rothschild & Co 9

GCA Altium 9

GCA Advisors 9

BDO 6

Mazars 6

Dow Schofield Watts 5

ERM 5

RSM UK 5

Robert W. Baird & Co. 4

Canaccord Genuity 4

Liberty Corporate Finance 4

Barclays 4

Advance Capital TAS 4

The Goldman Sachs Group 4

goetzpartners 4

Lazard 4

INDEFI 4

Citigroup 4

Livingstone Partners 4

24 PITCHBOOK 1Q 2017 GLOBAL LEAGUE TABLES

1Q 2017 ADVISORS/ACCOUNTANTS BY DEAL TYPEBuyouts

PE & VC-backed IPOs

PE & VC-backed acquisitions

Source: PitchBook

Source: PitchBook

Firm name Deal count

KPMG 39

PricewaterhouseCoopers 35

Deloitte 27

EY 27

Houlihan Lokey 15

The Goldman Sachs Group 11

William Blair & Company 11

Rothschild & Co 10

Barclays 10

Clearwater International 10

Lazard 10

Piper Jaffray 9

Robert W. Baird & Co. 9

Raymond James Financial 9

Credit Suisse 9

Lincoln International 9

Evercore Group 8

GCA Altium 7

RBC Capital Markets 7

Alvarez & Marsal 7

GCA Advisors 7

Grant Thornton 6

Morgan Stanley 6

Harris Williams & Co. 6

Moelis & Company 6

Stifel 5

ERM 5

Deutsche Bank 5

Firm name Deal count

PricewaterhouseCoopers 11

Deloitte 7

KPMG 6

EY 4

Briggs & Veselka 1

CM-CIC Market Solutions 1

RSM International 1

RSM US 1

Grant Thornton UK 1

Galileo Global Advisors 1

BDO 1

Crowe Clark Whitehill 1

Danske Bank 1

Firm name Deal count

PricewaterhouseCoopers 11

KPMG 9

The Goldman Sachs Group 8

Barclays 8

Deloitte 8

Morgan Stanley 7

Lazard 7

J.P. Morgan Securities 5

EY 5

Bank of America 5

Raymond James Financial 5

William Blair & Company 4

Piper Jaffray 4

Citigroup 4

BMO Harris Bank 4

RBC Capital Markets 4

Evercore Group 4

Rothschild & Co 4

J.P. Morgan 3

Quarton International 3

UBS 3

Barclays Investment Bank 3

FRP Advisory 3

Wells Fargo Securities 3

Harris Williams & Co. 3

BDA Partners 3

Houlihan Lokey 3

America's Growth Capital 3

Firm name Deal count

BDO 5

Mazars 5

Canaccord Genuity 5

Bank of America 5

Citigroup 5

J.P. Morgan 5

Buyouts, ctd.

Source: PitchBook

25 PITCHBOOK 1Q 2017 GLOBAL LEAGUE TABLES

1Q 2017 M&A ADVISORS BY DEAL LOCATIONMost active global Most active in US

Source: PitchBook

Source: PitchBook

Firm name Deal count

KPMG 70

PricewaterhouseCoopers 59

Deloitte 39

The Goldman Sachs Group 37

EY 35

Morgan Stanley 29

Lazard 27

Houlihan Lokey 26

Bank of America 26

Raymond James Financial 25

Citigroup 24

J.P. Morgan 23

Evercore Group 23

Rothschild & Co 22

Barclays 21

Piper Jaffray 19

FTI Consulting 19

RBC Capital Markets 18

Credit Suisse 18

UBS 17

Stifel 16

Moelis & Company 16

Grant Thornton 16

William Blair & Company 15

Robert W. Baird & Co. 15

Deutsche Bank 15

Clearwater International 15

Firm name Deal count

The Goldman Sachs Group 26

Morgan Stanley 20

Houlihan Lokey 19

Raymond James Financial 18

Evercore Group 17

Piper Jaffray 17

J.P. Morgan 17

Barclays 15

Stifel 14

Bank of America 14

Lazard 13

Citigroup 12

RBC Capital Markets 12

Keefe Bruyette & Woods 12

Robert W. Baird & Co. 11

UBS 11

William Blair & Company 11

Sandler O'Neill + Partners 10

Credit Suisse 10

Deutsche Bank 10

Most active in Europe

Firm name Deal count

KPMG 50

PricewaterhouseCoopers 44

Deloitte 29

EY 26

Rothschild & Co 18

Firm name Deal count

Clearwater International 15

FTI Consulting 14

Lazard 12

BDO 12

Citigroup 10

GCA Altium 10

Mazars 9

Investec Bank 9

FinnCap 9

GCA Advisors 9

The Goldman Sachs Group 8

Benchmark International 8

RSM UK 7

Numis Securities 7

Grant Thornton 7

Bank of America 6

Canaccord Genuity 6

Barclays 6

Cenkos Securities 6

Source: PitchBook

Most active in rest of world

Firm name Deal count

KPMG 11

TD Securities 8

Grant Thornton 7

Bank of America 6

PricewaterhouseCoopers 6

Source: PitchBook

Most active in Europe, ctd.

26 PITCHBOOK 1Q 2017 GLOBAL LEAGUE TABLES

Firm name Deal count

Gunderson Dettmer 128

Cooley 104

Wilson Sonsini Goodrich & Rosati

84

DLA Piper 55

Fenwick & West 50

Goodwin 43

Orrick Herrington & Sutcliffe 30

Latham & Watkins 26

Sheppard Mullin Richter & Hampton

23

McCarter & English 21

Perkins Coie 11

Bryan Cave 11

Jones Day 10

Morrison & Foerster 10

1Q’17’s most active VC law firms global

LAW FIRMS

1Q 2017’s Most Active VC Law Firms 27

Law Firms by VC Deal Location 28

Law Firms by VC Sector 29

Law Firms by VC Deal Type 30

Law Firms by PE Deal Location 31

Law Firms by PE Industry 32

Law Firms by PE Deal Type 33

Law Firms in M&A by Deal Location 34

Contents

Source: PitchBook

27 PITCHBOOK 1Q 2017 GLOBAL LEAGUE TABLES

1Q 2017 LAW FIRMS BY VC DEAL LOCATION

Firm name Deal count

Gunderson Dettmer 113

Cooley 98

Wilson Sonsini Goodrich & Rosati

80

DLA Piper 53

Fenwick & West 49

Goodwin 40

Latham & Watkins 25

McCarter & English 20

Sheppard Mullin Richter & Hampton

19

Orrick Herrington & Sutcliffe 16

Perkins Coie 11

Bryan Cave 9

Morrison & Foerster 9

WilmerHale 8

O'Melveny & Myers 7

Most active in US

Firm name Deal count

Goodwin 20

Gunderson Dettmer 12

Cooley 9

Latham & Watkins 6

Wilson Sonsini Goodrich & Rosati

4

DLA Piper 4

Most active in New England

Firm name Deal count

Cooley 25

Gunderson Dettmer 24

McCarter & English 12

Wilson Sonsini Goodrich & Rosati

7

Sheppard Mullin Richter & Hampton

6

DLA Piper 5

Orrick Herrington & Sutcliffe 5

Fenwick & West 5

Goodwin 4

Most active in Mid-AtlanticFirm name Deal count

Wilson Sonsini Goodrich & Rosati

60

Gunderson Dettmer 58

Cooley 44

Fenwick & West 38

DLA Piper 30

Goodwin 15

Latham & Watkins 15

Orrick Herrington & Sutcliffe 11

Sheppard Mullin Richter & Hampton

9

Perkins Coie 9

Most active in West Coast

Firm name Deal count

Cooley 5

Gunderson Dettmer 5

Most active in Great Lakes

Firm name Deal count

Gunderson Dettmer 4

Wilson Sonsini Goodrich & Rosati

3

DLA Piper 3

Andrews Kurth Kenyon 3

Most active in South

Firm name Deal count

Orrick Herrington & Sutcliffe 12

Jones Day 9

Gunderson Dettmer 3

Allen & Overy 3

Goodwin 2

Olswang 2

Sheppard Mullin Richter & Hampton

2

Cooley 2

Dechert 2

Shoosmiths 2

Most active in Europe

Firm name Deal count

Gunderson Dettmer 12

Derraik & Menezes Advogados

6

Cooley 4

Wilson Sonsini Goodrich & Rosati

3

Orrick Herrington & Sutcliffe 2

Sheppard Mullin Richter & Hampton

2

Most active in rest of world

Source: PitchBook

Source: PitchBookSource: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Firm name Deal count

Morrison & Foerster 6

Pillsbury Winthrop Shaw Pittman

5

O'Melveny & Myers 5

Stradling Yocca Carlson & Rauth

4

Most active in West Coast, ctd.

28 PITCHBOOK 1Q 2017 GLOBAL LEAGUE TABLES

1Q 2017 LAW FIRMS BY VC SECTOR

Firm name Deal count

Gunderson Dettmer 68

Cooley 50

Wilson Sonsini Goodrich & Rosati

41

Fenwick & West 33

DLA Piper 25

Orrick Herrington & Sutcliffe 23

Goodwin 21

Sheppard Mullin Richter & Hampton

9

Latham & Watkins 6

Perkins Coie 5

Bryan Cave 5

Jones Day 5

Morrison & Foerster 4

McCarter & English 4

O'Melveny & Myers 3

Morgan, Lewis & Bockius 3

Choate Hall & Stewart 3

Much Shelist 3

Most active in software

Firm name Deal count

Gunderson Dettmer 7

Wilson Sonsini Goodrich & Rosati

6

Cooley 5

O'Melveny & Myers 2

Most active in commercial services

Firm name Deal count

Gunderson Dettmer 8

Perkins Coie 2

O'Melveny & Myers 2

Fenwick & West 2

Wilson Sonsini Goodrich & Rosati

2

Goodwin 2

McCarter & English 2

Most active in consumer goods

Firm name Deal count

Gunderson Dettmer 5

Cooley 4

Fenwick & West 2

Most active in media

Firm name Deal count

Cooley 6

Gunderson Dettmer 6

DLA Piper 5

Wilson Sonsini Goodrich & Rosati

2

Sheppard Mullin Richter & Hampton

2

Orrick Herrington & Sutcliffe 2

Nelson Mullins Riley & Scarborough

2

Most active in healthcare services &

systems

Firm name Deal count

Wilson Sonsini Goodrich & Rosati

3

DLA Piper 3

Cooley 2

Sheppard Mullin Richter & Hampton

2

Most active in energy

Firm name Deal count

Cooley 13

Goodwin 11

Latham & Watkins 8

Wilson Sonsini Goodrich & Rosati

8

Gunderson Dettmer 6

Jones Day 3

Sidley Austin 2

DLA Piper 2

Most active in pharma & biotech

Firm name Deal count

Wilson Sonsini Goodrich & Rosati

4

Gunderson Dettmer 4

DLA Piper 4

Latham & Watkins 2

Fenwick & West 2

WilmerHale 2

Most active in IT hardware

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Firm name Deal count

Gunderson Dettmer 8

Wilson Sonsini Goodrich & Rosati

7

Cooley 7

DLA Piper 5

Latham & Watkins 3

Honigman Miller Schwartz and Cohn

2

Goodwin 2

Sheppard Mullin Richter & Hampton

2

Fenwick & West 2

Morrison & Foerster 2

Most active in healthcare devices &

supplies

Source: PitchBook

29 PITCHBOOK 1Q 2017 GLOBAL LEAGUE TABLES

1Q 2017 LAW FIRMS BY VC DEAL TYPEMost active at early stage Most active at late stage Most active exits (acq., buyout, IPO)

Source: PitchBook

Source: PitchBook

Source: PitchBook

Firm name Deal count

Gunderson Dettmer 64

Cooley 44

Wilson Sonsini Goodrich & Rosati

37

DLA Piper 23

Fenwick & West 21

Goodwin 18

Orrick Herrington & Sutcliffe 13

Sheppard Mullin Richter & Hampton

11

Latham & Watkins 10

McCarter & English 8

Perkins Coie 5

WilmerHale 5

Bryan Cave 5

Derraik & Menezes Advogados

5

O'Melveny & Myers 5

Nelson Mullins Riley & Scarborough

4

Jones Day 4

Morrison & Foerster 3

Choate Hall & Stewart 3

Allen & Overy 3

Firm name Deal count

Gunderson Dettmer 42

Cooley 38

Wilson Sonsini Goodrich & Rosati

35

DLA Piper 25

Fenwick & West 23

Goodwin 21

Latham & Watkins 15

Orrick Herrington & Sutcliffe 10

Pillsbury Winthrop Shaw Pittman

5

Jones Day 5

Morrison & Foerster 5

Bryan Cave 4

Sheppard Mullin Richter & Hampton

4

Stradling Yocca Carlson & Rauth

3

O'Melveny & Myers 3

Weil, Gotshal & Manges 3

Paul Hastings 3

Honigman Miller Schwartz and Cohn

3

Perkins Coie 3

Firm name Deal count

Goodwin 19

Wilson Sonsini Goodrich & Rosati

10

Cooley 9

Fenwick & West 8

Morgan, Lewis & Bockius 8

Latham & Watkins 8

Orrick Herrington & Sutcliffe 7

Gunderson Dettmer 6

DLA Piper 6

Jones Day 5

Sullivan & Cromwell 5

Paul, Weiss, Rifkind, Wharton & Garrison

4

Simpson Thacher & Bartlett 4

Choate Hall & Stewart 4

Allen & Overy 4

Sidley Austin 3

Andrews Kurth Kenyon 3

Skadden, Arps, Slate, Meagher & Flom

3

Perkins Coie 3

Shearman & Sterling 3

O'Melveny & Myers 3

Kirkland & Ellis 3

King & Spalding 3

30 PITCHBOOK 1Q 2017 GLOBAL LEAGUE TABLES

1Q 2017 LAW FIRMS BY PE DEAL LOCATIONFirm name Deal count

Kirkland & Ellis 71

Jones Day 32

Goodwin 31

DLA Piper 29

McDermott Will & Emery 27

Weil, Gotshal & Manges 27

Latham & Watkins 25

Paul, Weiss, Rifkind, Wharton & Garrison

23

Most active global

Firm name Deal count

Kirkland & Ellis 58

Jones Day 24

McDermott Will & Emery 22

Goodwin 22

Paul, Weiss, Rifkind, Wharton & Garrison

18

Morgan, Lewis & Bockius 17

Paul Hastings 14

Choate Hall & Stewart 14

Most active in US

Firm name Deal count

DLA Piper 16

Orrick Herrington & Sutcliffe 13

Weil, Gotshal & Manges 13

Squire Patton Boggs 12

Allen & Overy 11

Latham & Watkins 10

Lamartine Conseil 10

Most active in Europe

Firm name Deal count

Kirkland & Ellis 14

Jones Day 6

Honigman Miller Schwartz and Cohn

6

McDermott Will & Emery 6

Weil, Gotshal & Manges 4

Most active in Great Lakes

Firm name Deal count

Kirkland & Ellis 8

Ropes & Gray 6

Morgan, Lewis & Bockius 6

Latham & Watkins 5

Paul Hastings 4

McGuireWoods 4

DLA Piper 4

Goodwin 4

McDermott Will & Emery 4

Most active in Mid-Atlantic

Firm name Deal count

Goodwin 6

Choate Hall & Stewart 3

Paul, Weiss, Rifkind, Wharton & Garrison

3

Kirkland & Ellis 2

Most active in New England

Firm name Deal count

Kirkland & Ellis 10

Weil, Gotshal & Manges 7

Choate Hall & Stewart 6

Locke Lord 3

Sidley Austin 3

Goodwin 3

Jones Day 3

Paul, Weiss, Rifkind, Wharton & Garrison

3

Most active in South

Firm name Deal count

Stikeman Elliott 10

Kirkland & Ellis 7

Paul, Weiss, Rifkind, Wharton & Garrison

4

Blake Cassels & Graydon 4

Shearman & Sterling 4

Most active in rest of world

Firm name Deal count

Kirkland & Ellis 10

Sheppard Mullin Richter & Hampton

6

McDermott Will & Emery 5

Paul Hastings 4

Sidley Austin 3

Jones Day 3

Cooley 3

Goodwin 3

Most active in West Coast

Source: PitchBook

Source: PitchBook

Source: PitchBookSource: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

31 PITCHBOOK 1Q 2017 GLOBAL LEAGUE TABLES

1Q 2017 LAW FIRMS BY PE INDUSTRY

Firm name Deal count

Kirkland & Ellis 20

Weil, Gotshal & Manges 11

Jones Day 11

Latham & Watkins 9

Goodwin 9

Paul Hastings 8

Morgan, Lewis & Bockius 8

White & Case 8

DLA Piper 7

Squire Patton Boggs 7

Honigman Miller Schwartz and Cohn

6

Paul, Weiss, Rifkind, Wharton & Garrison

6

Sheppard Mullin Richter & Hampton

6

McDermott Will & Emery 5

Allen & Overy 5

Lamartine Conseil 5

Most active in B2B

Firm name Deal count

Kirkland & Ellis 16

Latham & Watkins 9

Weil, Gotshal & Manges 7

Orrick Herrington & Sutcliffe 6

DLA Piper 6

Paul, Weiss, Rifkind, Wharton & Garrison

5

Shearman & Sterling 5

Goodwin 5

Pinsent Masons 4

McGuireWoods 4

Clifford Chance 4

Cooley 4

Most active in B2C

Firm name Deal count

Kirkland & Ellis 16

DLA Piper 11

Cooley 8

Jones Day 7

Morgan, Lewis & Bockius 6

Goodwin 6

Sidley Austin 5

Dentons 5

Weil, Gotshal & Manges 5

Alston & Bird 4

Hogan Lovells 4

Paul, Weiss, Rifkind, Wharton & Garrison

4

Fenwick & West 4

Latham & Watkins 4

Most active in IT

Firm name Deal count

McDermott Will & Emery 15

Choate Hall & Stewart 9

Goodwin 9

Ropes & Gray 8

Kirkland & Ellis 6

Paul Hastings 4

Jones Day 4

Most active in healthcare

Firm name Deal count

Kirkland & Ellis 4

Jones Day 3

Vinson & Elkins 3

Weil, Gotshal & Manges 3

Most active in energy

Firm name Deal count

Paul, Weiss, Rifkind, Wharton & Garrison

5

Stikeman Elliott 2

Morgan, Lewis & Bockius 2

Jones Day 2

Taft Stettinius & Hollister 2

Latham & Watkins 2

Mayer Brown 2

Most active in materials & resources

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Most active in financial services

Firm name Deal count

Kirkland & Ellis 8

DLA Piper 3

Clifford Chance 3

Freshfields Bruckhaus Deringer

3

Jones Day 3

Ropes & Gray 3

McDermott Will & Emery 3

Source: PitchBook

32 PITCHBOOK 1Q 2017 GLOBAL LEAGUE TABLES

1Q 2017 LAW FIRMS BY PE DEAL TYPEMost active in buyouts Most active in other deals Most active in exits (IPO & acq.)

Source: PitchBook

Source: PitchBook

Source: PitchBook

Firm name Deal count

Kirkland & Ellis 54

DLA Piper 26

McDermott Will & Emery 24

Goodwin 24

Jones Day 24

Latham & Watkins 20

Weil, Gotshal & Manges 19

Morgan, Lewis & Bockius 19

Paul, Weiss, Rifkind, Wharton & Garrison

16

Paul Hastings 14

Choate Hall & Stewart 12

Sidley Austin 11

Cooley 11

Allen & Overy 11

Ropes & Gray 10

Stikeman Elliott 10

Honigman Miller Schwartz and Cohn

10

Squire Patton Boggs 9

Willkie Farr & Gallagher 9

White & Case 9

McGuireWoods 9

CMS Hasche Sigle 8

Orrick Herrington & Sutcliffe 8

Bryan Cave 7

Clifford Chance 7

Shearman & Sterling 7

Dentons 7

Hogan Lovells 7

Firm name Deal count

Kirkland & Ellis 17

Weil, Gotshal & Manges 8

Jones Day 8

Paul, Weiss, Rifkind, Wharton & Garrison

7

Goodwin 7

Orrick Herrington & Sutcliffe 7

Ropes & Gray 6

Latham & Watkins 5

Cooley 5

Vinson & Elkins 4

Lamartine Conseil 4

Paul Hastings 4

Bryan Cave 3

Skadden, Arps, Slate, Meagher & Flom

3

McGuireWoods 3

DLA Piper 3

Bond Dickinson 3

Fried Frank Harris Shriver & Jacobson

3

McDermott Will & Emery 3

Gibson, Dunn & Crutcher 3

Sheppard Mullin Richter & Hampton

3

Akin Gump Strauss Hauer & Feld

3

Squire Patton Boggs 3

Hogan Lovells 3

Pinsent Masons 3

Firm name Deal count

Kirkland & Ellis 39

Latham & Watkins 26

Goodwin 21

DLA Piper 18

Weil, Gotshal & Manges 16

Jones Day 13

Ropes & Gray 12

Simpson Thacher & Bartlett 11

Cooley 11

Sullivan & Cromwell 10

Travers Smith 10

White & Case 10

Willkie Farr & Gallagher 9

Allen & Overy 8

Paul Hastings 8

Shearman & Sterling 8

Squire Patton Boggs 8

Macfarlanes 8

O'Melveny & Myers 7

Gibson, Dunn & Crutcher 7

Clifford Chance 7

Skadden, Arps, Slate, Meagher & Flom

7

Sidley Austin 6

Hogan Lovells 6

Vinson & Elkins 6

Freshfields Bruckhaus Deringer

6

Dechert 6

33 PITCHBOOK 1Q 2017 GLOBAL LEAGUE TABLES

1Q 2017 M&A LAW FIRMS BY DEAL LOCATIONMost active global Most active in US

Source: PitchBook

Source: PitchBook

Firm name Deal count

Jones Day 76

Kirkland & Ellis 75

DLA Piper 67

Goodwin 55

Latham & Watkins 53

Morgan, Lewis & Bockius 48

Weil, Gotshal & Manges 38

Shearman & Sterling 32

Sidley Austin 31

Sullivan & Cromwell 30

McDermott Will & Emery 28

Stikeman Elliott 27

Orrick Herrington & Sutcliffe 24

Paul, Weiss, Rifkind, Wharton & Garrison

24

Ropes & Gray 23

Willkie Farr & Gallagher 23

Cooley 23

Allen & Overy 22

Skadden, Arps, Slate, Meagher & Flom

20

Paul Hastings 20

CMS Hasche Sigle 19

Squire Patton Boggs 19

Hogan Lovells 19

Choate Hall & Stewart 18

Gibson, Dunn & Crutcher 17

Wilson Sonsini Goodrich & Rosati

17

Firm name Deal count

Kirkland & Ellis 60

Jones Day 50

Goodwin 44

Morgan, Lewis & Bockius 42

DLA Piper 32

Latham & Watkins 29

Sullivan & Cromwell 26

Sidley Austin 25

McDermott Will & Emery 22

Paul, Weiss, Rifkind, Wharton & Garrison

20

Ropes & Gray 20

Cooley 19

Shearman & Sterling 18

Choate Hall & Stewart 18

Weil, Gotshal & Manges 17

Wilson Sonsini Goodrich & Rosati

16

Skadden, Arps, Slate, Meagher & Flom

15

Paul Hastings 15

Bryan Cave 14

Most active in Europe

Firm name Deal count

DLA Piper 32

Allen & Overy 20

Weil, Gotshal & Manges 19

Jones Day 19

CMS Hasche Sigle 17

Firm name Deal count

Latham & Watkins 17

Squire Patton Boggs 16

Freshfields Bruckhaus Deringer

14

Orrick Herrington & Sutcliffe 13

Travers Smith 13

White & Case 11

Macfarlanes 11

Hogan Lovells 11

Eversheds International 10

Goodwin 9

Clifford Chance 9

Cuatrecasas 9

Pinsent Masons 8

Source: PitchBook

Most active in rest of world

Firm name Deal count

Stikeman Elliott 22

Miller Thomson 15

Goodmans 11

Kirkland & Ellis 7

McCarthy Tétrault 7

Blake Cassels & Graydon 7

Shearman & Sterling 7

Jones Day 7

Borden Ladner Gervais 5

Latham & Watkins 5

Source: PitchBook

Most active in Europe, ctd.

34 PITCHBOOK 1Q 2017 GLOBAL LEAGUE TABLES

Firm name Deal count

The Carlyle Group 5

Bpifrance 5

TPG Capital 4

Bain Capital 4

Littlejohn & Company 4

Kohlberg Kravis Roberts 4

1Q 2017’s most active acquirers of

global PE-backed companies

ACQUIRERS

1Q 2017’s Most Active Acquirers of PE-

backed Companies35

Acquirers of PE-backed Companies by

Deal Location & Type36

Acquirers of VC-backed Companies by

Deal Location & Type37

Contents

Source: PitchBook

35 PITCHBOOK 1Q 2017 GLOBAL LEAGUE TABLES

1Q 2017 ACQUIRERS OF PE-BACKED COMPANIES BY DEAL LOCATION & TYPE

Firm name Deal count

TPG Capital 4

Littlejohn & Company 4

Genstar Capital 3

The Blackstone Group 2

Clearlake Capital Group 2

Thoma Bravo 2

Triangle Peak Partners 2

GlobeLTR Energy 2

Axia Women's Health 2

Insight Venture Partners 2

The Carlyle Group 2

Kohlberg Kravis Roberts 2

Ares Capital 2

Wicks Group of Companies 2

Bain Capital 2

Wingate Partners 2

Aveanna Healthcare 2

Pamplona Capital Management

2

Branford Castle Partners 2

Partners Group 2

Public Sector Pension Investment Board

2

Bestige Holdings 2

Most active in US Most active in Europe

Firm name Deal count

The Carlyle Group 2

Park Place Energy 2

Most active in rest of world

Firm name Deal count

Future (UK) 3

Aveanna Healthcare 2

Park Place Energy 2

GlobeLTR Energy 2

Randstad 2

Axia Women's Health 2

Most active in mergers/acquisitions

Source: PitchBook

Source: PitchBook

Source: PitchBook

Firm name Deal count

Bpifrance 5

Ouest Croissance Gestion 3

Ardian Holding 3

CVC Capital Partners 3

Equistone Partners Europe 3

Intermediate Capital Group 3

Future (UK) 3

CM-CIC Investissement 3

Cobepa 3

Endless 3

Bridgepoint 2

BC Partners 2

Siparex Group 2

Edmond de Rothschild Investment Partners

2

Bain Capital 2

Aurelius Equity Opportunities 2

Randstad 2

Capzanine 2

Societe Generale Capital Partenaires

2

Cinven 2

Céréa Partenaire 2

Kohlberg Kravis Roberts 2

IDeA Capital Funds 2

Naxicap Partners 2

PAI Partners 2

The Goldman Sachs Group 2

Source: PitchBook

36 PITCHBOOK 1Q 2017 GLOBAL LEAGUE TABLES

Firm name Deal count

TA Associates Management 4

Hewlett Packard Enterprise 2

Thermo Fisher Scientific 2

GE Digital 2

Sumitomo Heavy Industries 2

Hootsuite 2

Siris Capital 2

Most active in US

Firm name Deal count

SmartFin Capital 2

Safo Group 2

Most active in Europe

Firm name Deal count

Madison Dearborn Partners 2

Shenzhen Hifuture Electric Company

2

Most active in rest of world

Firm name Deal count

TA Associates Management 4

Madison Dearborn Partners 2

SmartFin Capital 2

Siris Capital 2

Most active in buyouts

Firm name Deal count

Safo Group 2

Hootsuite 2

Sumitomo Heavy Industries 2

Microsoft 2

Thermo Fisher Scientific 2

Paktor 2

Shenzhen Hifuture Electric Company

2

GE Digital 2

GE Healthcare 2

Alphabet 2

Hewlett Packard Enterprise 2

Most active in mergers/acquisitions

1Q 2017 ACQUIRERS OF VC-BACKED COMPANIES BY DEAL LOCATION & TYPE

Firm name Deal count

TA Associates Management 4

Hewlett Packard Enterprise 2

Safo Group 2

Microsoft 2

Siris Capital 2

Paktor 2

Madison Dearborn Partners 2

GE Digital 2

Shenzhen Hifuture Electric Company

2

Alphabet 2

SmartFin Capital 2

Hootsuite 2

GE Healthcare 2

Thermo Fisher Scientific 2

Sumitomo Heavy Industries 2

Most active global

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

37 PITCHBOOK 1Q 2017 GLOBAL LEAGUE TABLES

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