global league - pitchbook · pdf fileeach year, we seek to refresh our approach when it comes...
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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
EDITORIAL
SALES
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
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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