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GlobalLeague Tables

2016Annual

In partnership with

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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

[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 4

Methodology 5

PE Firms 6-12

VC Firms 13-18

Lenders 19-21

Advisors/Accountants & Investment

Banks22-27

Law Firms 28-35

Acquirers 36-38

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.

3 PITCHBOOK 2016 ANNUAL GLOBAL LEAGUE TABLES

SPONSORED BY

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, as well

as making the PitchBook Global League Tables a quarterly publication. That way

we can not only 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 but also update it more frequently. Plus, as 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

Donnelley Financial Solutions (NYSE: DFIN) provides software and services that enable clients to communicate with confidence in a complex regulatory environment. With 3,500 employees in 61 locations across 18 countries, we provide thousands of clients

globally with innovative tools for content creation, management and distribution, as well as data analytics and multi-lingual localization services. Leveraging advanced technology, deep-domain expertise and 24/7 support, we deliver cost-effective solutions to meet the evolving needs of our clients. For more information about Donnelley Financial Solutions, visit dfsco.com.

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Donnelley Financial Solutions is the sponsor of the PitchBook 2016 Annual Global League Tables. All information contained in this publication is for informational purposes only and should not be construed as legal, accounting, tax, or other professional advice of any kind, on any subject matter. Donnelley Financial Solutions expressly disclaims all liability in respect to actions taken or not taken based on any or all the content herein.

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SPONSORED BY

METHODOLOGY

LEAGUE TABLES

All league tables are compiled using the count of completed deals for the specified deal type, region and/or other

criteria.

PRIVATE EQUITY DEALS The report includes all PE investments (buyout, growth, PIPE, 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 seed/angel). 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.

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 private equity 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].


SPONSORED BY

Firm name Deal count

Audax Group 84

Kohlberg Kravis Roberts 83

ABRY Partners 81

The Carlyle Group 74

Bpifrance 66

HarbourVest Partners 65

Business Growth Fund 50

Ardian Holding 50

Apax Partners 47

Providence Equity Partners 44

Warburg Pincus 42

The Blackstone Group 41

Hellman & Friedman 41

GTCR 41

Summit Partners 39

EQT Partners 39

Canada Pension Plan Investment Board

39

AEA Investors 39

Vista Equity Partners 36

TA Associates Management 35

Advent International 35

2016’s most active global PE investors

PRIVATE EQUITY FIRMS

2016’s Most Active PE Investors 6

PE Investors by Deal Location 7-8

PE Investors by Firm AUM 9

PE Investors by Deal Type 10

PE Investors by Industry 11

PE Investor Exits by Company HQ 12

Contents

Source: PitchBook

PRIVATE EQUITY FIRMS


SPONSORED BY

2016 PE INVESTORS BY DEAL LOCATION


Audax Group 72

ABRY Partners 59


GTCR 38





Apax Partners 32

AEA Investors 31

Genstar Capital 30

Summit Partners 29


Warburg Pincus 26

Most active in US


Audax Group 15

Summit Partners 9

ABRY Partners 8

Tenex Capital Management 8




Oaktree Capital Management 6

Most active in Great Lakes



Apax Partners 12

ABRY Partners 12

Great Point Partners 11

Audax Group 10


LLR Partners 8

NewSpring Capital 8


GTCR 8

Kelso & Company 8

Most active in Mid-Atlantic


ABRY Partners 6



Audax Group 5

Genstar Capital 5

Most active in New England




Audax Group 10

ABRY Partners 9

Maranon Capital 8

The Carlyle Group 8

Silver Lake Technology Management

8


Genstar Capital 7

Most active in West Coast


Audax Group 14

GTCR 10

ABRY Partners 10



8

Apax Partners 6

Olympus Partners 6

Most active in Southeast


Audax Group 9

ABRY Partners 7


AEA Investors 6

Harvest Partners 5


Warburg Pincus 5

Welsh, Carson, Anderson & Stowe

5

Most active in Mountain & Midwest


Natural Gas Partners 9

Audax Group 9


GTCR 7

ABRY Partners 7

Ridgemont Equity Partners 7

Genstar Capital 7

Most active in South

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook


SPONSORED BY

2016 PE INVESTORS BY DEAL LOCATION


Bpifrance 62


Ardian Holding 40



Siparex Group 28

LDC 28

IDInvest Partners 25

Inflexion Private Equity 24

Waterland Private Equity Investments

23

Societe Regionale d'Investissement de Wallonie

22

HgCapital 22

EQT Partners 22

Equistone Partners Europe 22

CM-CIC Investissement 22

Most active in Europe


Bpifrance 60

Siparex Group 26


22


MCapital Partners 19

Ardian Holding 19

Naxicap Partners 16

BNP Paribas Développement 16


CM-CIC Private Debt 15

Edmond de Rothschild Investment Partners

15

Most active in Central & Eastern Europe


Caisse de dépôt et placement du Québec

13

Warburg Pincus 12


International Finance Corporation

12


Fonds de solidarité FTQ 9



9


9

Most active in France & Benelux



LDC 28


Maven Capital Partners 21

ABRY Partners 14

Foresight Group 14


Livingbridge 12


Palatine Private Equity 10

Most active in UK & Ireland


Ardian Holding 10

VR Equitypartner 8

Ufenau Capital Partners 7


AFINUM 6

EQT Partners 6


5

Deutsche Beteiligungs 5

Most active in DACH



FSN Capital 11

Verdane Capital 10

Priveq Investment 9

AP Fonden 6 8

Cinven 8

Procuritas Partners 8

EQT Partners 8

HgCapital 8

Most active in Nordics


Ardian Holding 6


Portobello Capital 6

Aksia Group 6

Apax Partners 6

CDP Equity 6

Most active in Southern Europe


Baring Vostok Capital Partners

6

KJK Capital 5

Abris Capital Partners 5

Most active in Rest of World

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook


SPONSORED BY

2016 GLOBAL PE INVESTORS BY FIRM AUMMost active $5B+ Most active $500M-$1B



K1 Capital 12

Societe Generale Capital Partenaires

12

Fidus Investment 11

iXO Private Equity 10

Prospect Partners 9

Revelstoke Capital Partners 9

Most active $250M-$500M

Most active $1B-$5B

Most active <$250M


Audax Group 84


ABRY Partners 81


Bpifrance 66


Ardian Holding 50

Apax Partners 47


Warburg Pincus 42



GTCR 41

Summit Partners 39

AEA Investors 39


39

EQT Partners 39




H.I.G. Capital 32

AlpInvest Partners 32

Genstar Capital 32

The Riverside Company 31



28


Intermediate Capital Group 26

HgCapital 26

Source: PitchBook



Siparex Group 29

Maranon Capital 26

Housatonic Partners 25



23


Huron Capital Partners 22

LLR Partners 19


Charlesbank Capital Partners 18


IK Investment Partners 18

NewSpring Capital 17

Naxicap Partners 17

PennantPark Investment Corporation

16

Arsenal Capital Partners 16


Altamir 27


Yukon Partners 14

Webster Capital 13

Clearview Capital 13

Sverica Capital Management 13

Peterson Partners 11

BNP Paribas 11

PNC Erieview Capital 11

Bregal Sagemount 11

Procuritas Partners 10

Palatine Private Equity 10

ACG Management 10

Trive Capital 10

TZP Group 10

Juggernaut Capital Partners 10

Source: PitchBook

Source: PitchBook

Source: PitchBook



Tecum Capital Management 14

Sodero Gestion 13

Ouest Croissance 12

Shore Capital Partners 10

Main Capital Partners 9

BHMS Investments 8

Sofiproteol 7

Mobeus Equity Partners 7

Source: PitchBook


SPONSORED BY

2016 PE INVESTORS BY DEAL TYPEMost active in buyouts Most active in growth/expansion




21

Bpifrance 21

Siparex Group 15



International Finance Corporation

9


Foresight Group 9


The Goldman Sachs Group 8

LLR Partners 8




8

The Carlyle Group 7

Warburg Pincus 7


NewSpring Capital 7

Kayne Anderson Capital Advisors

7


ABRY Partners 7


Bpifrance 26



Ardian Holding 16

EQT Partners 13


13

LDC 12



H.I.G. Capital 11

Audax Group 11



Apollo Global Management 10

Partners Group 9

CVC Capital Partners 9

Apax Partners 9


Bridgepoint 9


Audax Group 69

ABRY Partners 68





Apax Partners 38

Source: PitchBook

Source: PitchBook

Source: PitchBook


GTCR 36

Summit Partners 32


AEA Investors 32

Ardian Holding 30


Warburg Pincus 27




EQT Partners 24

Genstar Capital 24


Ontario Teachers' Pension Plan

22


22

Altamir 22


Ares Capital 21




Kelso & Company 19

Maranon Capital 19

H.I.G. Capital 19

Madison Dearborn Partners 18

Insight Venture Partners 18

Bpifrance 18

Most active add-on sponsors

Most active add-on sponsors, ctd.


SPONSORED BY

2016 PE INVESTORS BY INDUSTRY


Audax Group 37

Bpifrance 36

AEA Investors 27

ABRY Partners 26


EQT Partners 23



Warburg Pincus 19

LDC 19


Siparex Group 16


Ardian Holding 16

Most active in B2B Most active in B2CMost active in IT

Most active in financial servicesMost active in healthcare

Most active in energy




Bpifrance 13



Roark Capital Group 9

Goldman Sachs Merchant Banking Division

9


9

Ares Capital 9



8

Ardian Holding 8




Thoma Bravo 19



Genstar Capital 17


ABRY Partners 15


H.I.G. Capital 13

GTCR 11

Accel-KKR 11

Apax Partners 11

Summit Partners 10

HgCapital 10


Audax Group 26

Summit Partners 17



Shore Capital Partners 9


Leonard Green & Partners 8

Temasek Holdings 8

GTCR 8

Ardian Holding 8

IDInvest Partners 8


Warburg Pincus 9

Natural Gas Partners 9


7

Kayne Anderson Capital Advisors

7

I Squared Capital 6

Partners Group 5

Riverstone Holdings 5

BlackRock Private Equity Partners

5

ArcLight Capital Partners 5

CSL Capital Management 5

Quantum Energy Partners 5

First Reserve 5

GE Energy Financial Services 5




ABRY Partners 30


Apax Partners 23

GTCR 20





12

Altamir 12



Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook


SPONSORED BY

2016 PE INVESTOR EXITS BY COMPANY HQ





TPG Capital 18


3i Group 15


Ardian Holding 14

Bain Capital 14

LDC 13

Bridgepoint 13

Siparex Group 13


EQT Partners 12


Temasek Holdings 12


Warburg Pincus 12


ACAS (equity management services)

11

Sun Capital Partners 11


Triangle Capital (Raleigh) 11

Nordic Capital 10

ABRY Partners 10

Apollo Global Management 10

Omnes Capital 10

Most active global



Triangle Capital (Raleigh) 11


ACAS (equity management services)

9

Capitala Group 9

Audax Group 8

Sun Capital Partners 8

TPG Capital 8

Gladstone Capital 7

Maranon Capital 7

Warburg Pincus 7


ABRY Partners 7

Ampersand Capital Partners 7

Resolute Capital Partners 6

Falcon Investment Advisors 6

Platinum Equity 6

Thomas H. Lee Partners 6

Bain Capital 6

PNC Erieview Capital 6

Eagle Private Capital 6

Spell Capital Partners 6

Most active in US Most active in Europe


Siparex Group 13

LDC 13

3i Group 13

Bridgepoint 13




Omnes Capital 10

EQT Partners 10

Ardian Holding 9


Epiris 8

Livingbridge 8

The Carlyle Group 8



Nordic Capital 7

RCapital Partners 7


Cinven 7

Gimv 7

Arkéa Capital Investissement 7

CapMan Capital Management 7

H.I.G. Capital 7

Source: PitchBook

Source: PitchBook

Source: PitchBook


SPONSORED BY


500 Startups 134

Keiretsu Forum 132

New Enterprise Associates 109

Accel Partners 90

GV 67

Bessemer Venture Partners 67

Sequoia Capital 62

Kleiner Perkins Caufield & Byers

62

Khosla Ventures 62

Index Ventures 62

Greycroft Partners 61

Intel Capital 60

Andreessen Horowitz 58

Y Combinator 56

General Catalyst Partners 54

Ben Franklin Technology Partners of Southeastern Pennsylvania

54

First Round Capital 52

2016’s most active global VC investors

VENTURE CAPITAL FIRMS

2016’s Most Active VC Investors 13

VC Investors by Deal Stage 14

VC Investors by Deal Location 15-16

VC Investors by Sector 17

VC Investor Exits by Company HQ 18

Contents

Source: PitchBook


2016 VC INVESTORS BY DEAL STAGEMost active at seed/angel Most active at early stage Most active at late stage


Keiretsu Forum 96

500 Startups 77

Innovation Works 25

Y Combinator 24

Indian Angel Network 23

Techstars 22

Seedcamp 21

SV Angel 21


21

SOSV 20

High-Tech Gründerfonds 19

Founder Collective 19

Alliance of Angels 19

M25 Group 18

Lerer Hippeau Ventures 18


Enterprise Ireland 18



Startup Funding Club 16

Social Capital 16

Keiretsu Capital 16

East Ventures 16

ff Venture Capital 16

Digital Currency Group 16

Tracxn Labs 15

Kima Ventures 15

Index Ventures 15

Source: PitchBook

Source: PitchBook



500 Startups 55

Accel Partners 51

GV 47

Khosla Ventures 36

FundersClub 34

Kima Ventures 33


Index Ventures 31

Intel Capital 30

Northern Light Venture Capital

29


28

Sequoia Capital 27

Qualcomm Ventures 27

Connecticut Innovations 27


SOSV 26

Salesforce Ventures 25

Y Combinator 25




Correlation Ventures 25

Lightspeed Venture Partners 24


SV Angel 23

Canaan Partners 23

Source: PitchBook



Sequoia Capital 31

Accel Partners 30



28

Intel Capital 27

Norwest Venture Partners 21

GE Ventures 20


Khosla Ventures 19


Finnvera 18

GV 18

InterWest Partners 18

Lightspeed Venture Partners 17


OrbiMed 16

Index Ventures 16

Bain Capital Ventures 16

Founders Fund 15

Comcast Ventures 15

Keiretsu Forum 14


GGV Capital 14

Cisco Investments 14


SPONSORED BY

2016 VC INVESTORS BY DEAL LOCATION



Keiretsu Forum 88

Khosla Ventures 60

GV 60


56




54

500 Startups 53



Accel Partners 48

SV Angel 47

Y Combinator 47

Most active in US


Wisconsin Economic Development Corporation

29

Hyde Park Venture Partners 20

Hyde Park Angels 19

M25 Group 19

Chicago Ventures 12

Elevate Ventures 12

Serra Ventures 10

Service Provider Capital 10




50

Innovation Works 34


DreamIt Ventures 22



TEDCO 17

Keiretsu Forum 17




Accomplice VC 20

NXT Ventures 14

Launchpad Venture Group 12

Polaris Partners 11


Atlas Venture 11

Bantam Group 10



Keiretsu Forum 62


Khosla Ventures 49


42


GV 37

SV Angel 34

Y Combinator 34

Accel Partners 33




IDEA Fund Partners 12

Florida Angel Nexus 9

BIP Capital 7

TechOperators 5

Alerion Ventures 5

FAN Fund 5

Elevate Innovation Partners 5

Most active in Southeast


Service Provider Capital 11

Kickstart Seed Fund 11

Cultivation Capital 9

Foundry Group 8

Rockies Venture Club 8

Missouri Technology Corporation

8

Most active in Mountain & Midwest


Central Texas Angel Network 11

Capital Factory 10

LiveOak Venture Partners 10

Silverton Partners 9

Mercury Fund 8

Houston Angel Network 8


Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook


SPONSORED BY

2016 VC INVESTORS BY DEAL LOCATION




Kima Ventures 35

Finnvera 34

Almi Invest 30

Northstar Ventures 28

Scottish Enterprise 25

Seedcamp 24

Sunstone Capital 23

London Co-Investment Fund 22

LocalGlobe 22

Global Founders Capital 22

Bayern Kapital 21

Speedinvest 20

Index Ventures 20

German Startups Group 20



Foundation for Internet Development-Initiatives

10

Neulogy Ventures 5

Moscow Seed Fund 5

South Central Ventures 4

The Untitled 4

IQ Partners 4

Most active in Central & Eastern Europe


Kima Ventures 28

Partech Ventures 14

Brabantse Ontwikkelings Maatschappij

12

Participatiemaatschappij Vlaanderen

11

360 Capital Partners 11

Xavier Niel 10

Seventure Partners 10

Emertec Gestion 9

CapHorn Invest 9

Most active in France & Benelux



Northstar Ventures 28

Scottish Enterprise 25

London Co-Investment Fund 22

Seedcamp 20

LocalGlobe 18

Mercia Technologies 18

Startup Funding Club 16

Imperial Innovations Group 16

Octopus Ventures 15

Most active in UK & Ireland



Bayern Kapital 21

German Startups Group 20

IBB Beteiligungsgesellschaft 16

Speedinvest 15

Holtzbrinck Ventures 14

Global Founders Capital 13

b-to-v 11

Most active in DACH


Finnvera 33

Almi Invest 29

SEED Capital Denmark 14

Tekes 13

Sunstone Capital 12

Inventure 10

Most active in Nordic


Caixa Capital Risc 18

Inveready Technology Investment Group

11

P101 9

VentureFriends 8

Invitalia Ventures 8

LVenture Group 7

Portugal Capital Ventures 7

Most active in Southern Europe


500 Startups 68

Accel Partners 32

Keiretsu Forum 29

Business Development Bank of Canada

28

Indian Angel Network 27

Northern Light Venture Capital

26

Blume Venture Advisors 26

SAIF Partners 25

Matrix Partners China 25


Source: PitchBook

Source: PitchBook

Source: PitchBook Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook


SPONSORED BY

2016 VC INVESTORS BY SECTORFirm name Deal count

500 Startups 80

Accel Partners 61




Y Combinator 35


34

GV 33

Index Ventures 33

Khosla Ventures 32



SV Angel 31


Techstars 30

Kima Ventures 30


Most active in software


500 Startups 25

Sequoia Capital 22



Accel Partners 12

Social Starts 12

Wavemaker Partners 12

Y Combinator 10



Most active in commercial services


500 Startups 13

Ratan Tata 7

Keiretsu Forum 6



Forerunner Ventures 6

Most active in consumer goods


Keiretsu Forum 14


Finnvera 8

Johnson & Johnson Innovation - JJDC

8

SV Life Sciences Advisers 7



7

Most active in healthcare devices &

supplies


Intel Capital 11

GV 6

Samsung Venture Investment 6

Qualcomm Ventures 5

500 Startups 5

Cisco Investments 5

Keiretsu Forum 5

Most active in IT hardware


OrbiMed 22

ARCH Venture Partners 18

Keiretsu Forum 14


SV Life Sciences Advisers 12

Pfizer Venture Investments 12

Atlas Venture 12

GV 12

Boehringer Ingelheim Venture Fund

12

Novo 11

5AM Ventures 11

Clarus Ventures 11

WuXi Healthcare Ventures 10

Deerfield Management 10

F-Prime Capital Partners 10

Most active in pharma & biotech

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook


Third Wave Digital 8


Lowercase Capital 5

Comcast Ventures 5

500 Startups 5

Most active in media

Source: PitchBook



9

Wisconsin Economic Development Corporation

8

DreamIt Ventures 8


Heritage Group 6

Most active in healthcare services &

systems

Source: PitchBook


SPONSORED BY

2016 VC INVESTOR EXITS BY COMPANY HQ


500 Startups 46

SV Angel 26

Y Combinator 25

Techstars 23

Sequoia Capital 22

Intel Capital 22

Western Technology Investment

19


Plug and Play 18


Kreos Capital 17

Accel Partners 17


Kima Ventures 16

Draper Fisher Jurvetson 16

Qualcomm Ventures 15

Great Oaks Venture Capital 15



Dave McClure 14

Hercules Capital 13

Fidelity Investments 13

GV 13



Industry Ventures 12

Index Ventures 12

SoftTech VC 11

Slow Ventures 11

Most active global


500 Startups 32

SV Angel 26

Y Combinator 23

Techstars 19


Western Technology Investment

17

Intel Capital 17

Plug and Play 16



Draper Fisher Jurvetson 15

Great Oaks Venture Capital 15

Sequoia Capital 14

GV 13

Hercules Capital 13


Fidelity Investments 11


Accel Partners 11


SoftTech VC 10

Slow Ventures 10

Khosla Ventures 10

Kima Ventures 10

Foundation Capital 10


Greylock Partners 10

Compound Ventures 10

Most active in US


Kreos Capital 10


Almi Invest 10

Index Ventures 9

Caixa Capital Risc 9

Seventure Partners 7

Alven Capital Partners 7

Paris Incubateurs 6


Sofinnova Partners 5

SEED Capital Denmark 5

Draper Esprit 5


Source: PitchBook

Source: PitchBook

Source: PitchBook


Greylock Partners 11



11

CrunchFund 11

Most active global, ctd.


SPONSORED BY


Antares Capital 116

Madison Capital Funding 56

BMO Harris Bank 42

Twin Brook Capital Partners 36

Golub Capital 30

RBC Capital Markets 28

HSBC Holdings 24

NXT Capital 22

Deutsche Bank 21


Credit Suisse 20

Monroe Capital 20

2016’s most active lenders global

LENDERS

2016’s Most Active Lenders 19

Lenders by PE Deal Location & Firm HQ 20

Lenders by Deal Type & Industry 21

Contents

Source: PitchBook


2016 LENDERS BY PE DEAL LOCATION


Antares Capital 113


BMO Harris Bank 40


Golub Capital 30


NXT Capital 21

Monroe Capital 20

Credit Suisse 18


Fifth Street 17

NewStar Financial 16

Bank of America 16

Fifth Third Bank 16

Deutsche Bank 16

Ares Capital 16

Barclays 14

Wells Fargo 14

Abacus Finance Group 12

MidCap Financial 12

TCF Capital Funding 11

PNC Bank 11


SunTrust Banks 10

Most active in US


HSBC Holdings 22

RBS Group 18

Credit Agricole 13

BNP Paribas 13

UniCredit 10

Societe Generale 9

Le Crédit Lyonnais 8

ING Bank 8

Yorkshire Bank 7

Banque Populaire 6

Lloyds Banking Group 6

Barclays Bank 6

Bpifrance 6

Banca IMI 5

Rabobank Group 5

Banque Populaire Rives de Paris

5

ABN AMRO Bank 5

Santander UK 5


Natixis 4

Banca Popolare di Milano Società Cooperativa

4

Crédit du Nord 4

European Capital 4

Caisse d'Epargne 4



Antares Capital 3

Sumitomo Mitsui Banking Corporation

2

National Bank of Canada 2

Business Development Bank of Canada

2

Deutsche Bank 2

Bain Capital Credit 2


BMO Bank of Montreal 2

BMO Financial Group 2

ING Bank 2


Source: PitchBook

Source: PitchBook

Source: PitchBook


SPONSORED BY

2016 LENDERS BY PE DEAL TYPE


Antares Capital 38




BMO Harris Bank 12

RBS Group 11

HSBC Holdings 9

NXT Capital 8

Credit Agricole 8

BNP Paribas 8

Most active in B2B


Antares Capital 80


BMO Harris Bank 33

Golub Capital 28



Credit Suisse 19

Deutsche Bank 18


Most active in buyouts


Antares Capital 55

Bank of America 45

BMO Harris Bank 37

Fifth Third Bank 36

Silicon Valley Bank 35

Wells Fargo 34

Ben Franklin Technology Partners of Northeastern Pennsylvania

32

MidCap Financial 30

Most active in debt-only financings


Antares Capital 29

BMO Harris Bank 14

HSBC Holdings 11

Golub Capital 10

Monroe Capital 9



Wells Fargo 8

Most active in B2C


Antares Capital 17

Fifth Street 8


The Carlyle Group 6

Credit Suisse 6

Golub Capital 6

Most active in IT


Antares Capital 36



BMO Harris Bank 9

HSBC Holdings 9

NewStar Financial 7

Fifth Street 6

Most active in other

2016 PE LENDERS BY INDUSTRY


Antares Capital 21


BMO Harris Bank 10

NXT Capital 8

Deutsche Bank 8


Golub Capital 7

Fifth Third Bank 7

Most active in healthcare


Sumitomo Mitsui Banking Corporation

2


Rabobank Group 2


Source: PitchBookSource: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook


Antares Capital 2

Societe Generale 2

CoBank 2

Deutsche Bank 2

ING Capital 2

Most active in energy, ctd.


SPONSORED BY


Houlihan Lokey 85

Rothschild & Co 75

Lincoln International 68


Lazard 60


William Blair & Company 52

Morgan Stanley 49

Robert W. Baird & Co. 49

Evercore Group 42

Harris Williams & Co. 42

Moelis & Company 39

Deutsche Bank 38

Citigroup 37

Credit Suisse 36

Piper Jaffray 35

Jefferies Group 35

J.P. Morgan 35

ADVISORS, I-BANKS & PLACEMENT AGENTS

2016’s Most Active I-banks 22

I-banks by PE Deal Location 23

I-banks by Deal Type 24

2016’s Most Active Advisors/Accountants

by PE Deal Location25

Advisors/Accountants by Deal Type 26

M&A Advisors by Deal Location 27

Contents

Source: PitchBook

2016’s most active global I-banksADVISORS/ACCOUNTANTS


2016 I-BANKS BY PE DEAL LOCATION


Houlihan Lokey 63







Piper Jaffray 32

Moelis & Company 32

Raymond James Financial 29

Evercore Group 29

Jefferies Group 27

Morgan Stanley 25

Deutsche Bank 24

Lazard 20

J.P. Morgan 20

Credit Suisse 19

Stifel 19

KeyBanc Capital Markets 18

TM Capital 17

Stephens 17

BB&T Capital Markets 14

Barclays Investment Bank 13

Citigroup 13

Petsky Prunier 12

CHILDS Advisory Partners 12

Bank of America 12

BMO Harris Bank 12

Most active in US Most active in Europe


Citigroup 12


Lazard 9

Morgan Stanley 8


UBS 7

o3 Capital 6

Canaccord Genuity 5

Credit Suisse 5

Houlihan Lokey 5

J.P. Morgan 5


Source: PitchBook

Source: PitchBook

Source: PitchBook


Rothschild & Co 61

GCA Altium 33

Lazard 31


Livingstone Partners 20

Houlihan Lokey 17

Morgan Stanley 16



Clairfield International 15


Fineurop Soditic 13

UBS 13

Citigroup 12

Deutsche Bank 12

Credit Suisse 12

Evercore Group 11

Natixis 11

Banca IMI 10

J.P. Morgan 10


Cain Brothers 11

Cascadia Capital 11

Generational Equity 11

Rothschild & Co 11

Wells Fargo Securities 11

The Jordan Edmiston Group 11

UBS 11

Shea & Company 10

SunTrust Banks 10

BlackArch Partners 10

Most active in US, ctd.


SPONSORED BY

2016 I-BANKS BY DEAL TYPEBuyouts PE & VC-backed IPOs PE & VC-backed acquisitions

Source: PitchBook

Source: PitchBook

Source: PitchBook


Houlihan Lokey 81

Rothschild & Co 74



Lazard 58



Morgan Stanley 48



Evercore Group 38

Deutsche Bank 37

Citigroup 37

Credit Suisse 35

J.P. Morgan 35

Jefferies Group 31

UBS 31

Moelis & Company 30

GCA Altium 29

Piper Jaffray 28




Stifel 20


TM Capital 17



Petsky Prunier 14


Morgan Stanley 35


Citigroup 30

J.P. Morgan 28

Deutsche Bank 26

Credit Suisse 24


UBS 18

Stifel 17

Jefferies Group 17


Piper Jaffray 15


Canaccord Genuity 14



Carnegie Investment Bank 14

Bank of America 13

Cowen and Company 12


SunTrust Banks 10

Needham & Company 10

Credit Suisse Securities (USA) 10

BMO Harris Bank 9

Leerink Partners 7

ABG Sundal Collier 7

JMP Securities 7

Pacific Crest Securities 7


Morgan Stanley 60


J.P. Morgan 43

Evercore Group 35

Rothschild & Co 31

Credit Suisse 31

Houlihan Lokey 31


Deutsche Bank 30

Jefferies Group 29

Piper Jaffray 28

Citigroup 28

Lazard 27


UBS 26

Moelis & Company 26



Stifel 19

Sandler O'Neill & Partners 18




BMO Harris Bank 14

JP Morgan Chase & Company 13

Bank of America 13

Marlin & Associates 12

GCA Advisors 12

Greenhill & Co. 12


SPONSORED BY

2016 ADVISORS/ACCOUNTANTS BY PE DEAL LOCATIONMost active global Most active in US Most active in Europe

Source: PitchBook

Source: PitchBook

Source: PitchBook


PricewaterhouseCoopers 179

KPMG 171

Ernst & Young 136

BDO 88

Houlihan Lokey 83

Deloitte 80

Rothschild & Co 75



Lazard 59




Morgan Stanley 49

Bank of America 43


Evercore Group 41

Moelis & Company 39

Credit Suisse 36

Duff & Phelps 36

Deutsche Bank 36

DC Advisory Partners 36

Citigroup 36

Piper Jaffray 35

J.P. Morgan 35

GCA Altium 34

Jefferies Group 33

CIL Management Consultants 33

UBS 30



Houlihan Lokey 61






Piper Jaffray 32


Moelis & Company 32

Bank of America 29


Duff & Phelps 28

Evercore Group 28

Jefferies Group 26

Morgan Stanley 25

Deutsche Bank 22

J.P. Morgan 20

KPMG 20

Lazard 20

Stifel 19


Credit Suisse 19

Barclays 19

Stephens 17

TM Capital 17


Investor Group Services 16




KPMG 133

Ernst & Young 107

BDO 76

Rothschild & Co 61

Deloitte 61



GCA Altium 33

Lazard 30


Clearwater International 26

BNP Paribas 25

Grant Thornton 24

Mazars 23


Advance Capital TAS 17

Houlihan Lokey 17

Morgan Stanley 16



goetzpartners 15


Liberty Corporate Finance 14

Bain & Company 14


SPONSORED BY

2016 ADVISORS/ACCOUNTANTS BY DEAL TYPEBuyouts

PE & VC-backed IPOs

PE & VC-backed acquisitions

Source: PitchBook

Source: PitchBook



KPMG 155

Ernst & Young 121

Houlihan Lokey 79

BDO 78

Rothschild & Co 74

Deloitte 72



Lazard 57



Morgan Stanley 48


Bank of America 41


Evercore Group 37

Citigroup 36

J.P. Morgan 35

Credit Suisse 35

Deutsche Bank 35


UBS 30

Moelis & Company 30

Jefferies Group 29

GCA Altium 29

Piper Jaffray 28

Duff & Phelps 28



Ernst & Young 29

KPMG 26

Deloitte 22

Ashika Credit Capital 11

Grant Thornton 7

BDO 5

Moelis & Company 3

Joseph Gunnar & Co. 3

Rothschild & Co 2

Morgan Stanley 2

Avanza Bank 2

Evercore Group 2

Mazars 2

Lazard 2

Atout Capital 2


Morgan Stanley 58

KPMG 52


J.P. Morgan 40

Ernst & Young 39

Bank of America 38

Evercore Group 35

Houlihan Lokey 31

Rothschild & Co 31

Credit Suisse 30


Piper Jaffray 28

Jefferies Group 28

Deutsche Bank 27

Lazard 26



Citigroup 26

UBS 26

Moelis & Company 25



Stifel 19



Deloitte 15





BNP Paribas 27


Barclays 22




Stifel 20

Grant Thornton 20

Mazars 18


Buyouts, ctd.

Source: PitchBook

Source: PitchBook


SPONSORED BY

2016 M&A ADVISORS BY DEAL LOCATIONMost active global Most active in US

Source: PitchBook

Source: PitchBook


KPMG 351


Ernst & Young 232


Morgan Stanley 184

BDO 181

Bank of America 168

Houlihan Lokey 160

Rothschild & Co 158

Lazard 140

Deloitte 135

J.P. Morgan 122

Citigroup 122

Deutsche Bank 110

Evercore Group 107


Credit Suisse 103


UBS 88


Moelis & Company 86

Piper Jaffray 85


Jefferies Group 79

Stifel 77


FTI Consulting 71


Barclays 63


Houlihan Lokey 118


Morgan Stanley 103

Bank of America 102

Piper Jaffray 78

J.P. Morgan 73

Evercore Group 73




Moelis & Company 64

Stifel 62


Jefferies Group 54

Citigroup 54

Credit Suisse 53




Lazard 51

Deutsche Bank 50



KPMG 252


Ernst & Young 173

BDO 146

Rothschild & Co 114


Deloitte 93

Lazard 73



Mazars 50

BNP Paribas 49

Bank of America 49


FTI Consulting 46

Morgan Stanley 45

Deutsche Bank 43

GCA Altium 40

Benchmark International 40

Grant Thornton 37

UBS 36

FinnCap 35


Houlihan Lokey 33


J.P. Morgan 31

Source: PitchBook




KPMG 56

Citigroup 40


Ernst & Young 37

Morgan Stanley 36

Source: PitchBook

Most active in Europe, ctd.


SPONSORED BY


Gunderson Dettmer 644

Cooley 497

Wilson Sonsini Goodrich & Rosati

381

DLA Piper 268

Fenwick & West 226

Orrick Herrington & Sutcliffe 161

Latham & Watkins 133

Goodwin 101

Perkins Coie 65

McCarter & English 65

WilmerHale 59

Jones Day 56

Sheppard Mullin Richter & Hampton

55

Morgan, Lewis & Bockius 52

O'Melveny & Myers 50

2016’s most active VC law firms global

LAW FIRMS

2016’s Most Active VC Law Firms 28

Law Firms by VC Deal Location 29

Law Firms by VC Sector 30

Law Firms by VC Deal Type 31

Law Firms by PE Deal Location 32

Law Firms by PE Industry 33

Law Firms by PE Deal Type 34

Law Firms in M&A by Deal Location 35

Contents

Source: PitchBook


2016 LAW FIRMS BY VC DEAL LOCATION



Cooley 457


358

DLA Piper 233

Fenwick & West 216



Goodwin 92

Perkins Coie 64


WilmerHale 58


55



Most active in US



Goodwin 40

Cooley 34

WilmerHale 24

Latham & Watkins 16

DLA Piper 13




Cooley 117

DLA Piper 54


44


Latham & Watkins 29


26

Fenwick & West 20


WilmerHale 15

Reitler Kailas & Rosenblatt 13






276

Cooley 234

Fenwick & West 175

DLA Piper 107


Latham & Watkins 71

Perkins Coie 48


Goodwin 34


23




Much Shelist 17

DLA Piper 14

Cooley 13



Andrews Kurth Kenyon 29

DLA Piper 16

Cooley 11


11




Jones Day 20

Cooley 19


DLA Piper 16

Olswang 15

William Fry 13

Synch Advokat 12

Cuatrecasas 8

Foot Anstey 7




Cooley 21

DLA Piper 19


18

Derraik & Menezes Advogados

17


LaBarge Weinstein 12

Fenwick & West 8


Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook


SPONSORED BY

2016 LAW FIRMS BY VC SECTOR



Cooley 218


165

DLA Piper 147

Fenwick & West 130


Goodwin 47

Latham & Watkins 47

Perkins Coie 29




25

Nelson Mullins Riley & Scarborough

21


WilmerHale 19


Bryan Cave 16

Jones Day 14


Sidley Austin 10

Much Shelist 10

Most active in software



Cooley 34


20

DLA Piper 20

Fenwick & West 17


Most active in commercial services



Cooley 16

DLA Piper 13


10

Most active in consumer goodsFirm name Deal count


Cooley 23


11

Most active in media


Cooley 25



19

Fenwick & West 13

DLA Piper 12

Most active in healthcare services &

systems



10

Gunderson Dettmer 5

DLA Piper 5

Jones Day 4



Cooley 45


40

Latham & Watkins 29


Goodwin 18

WilmerHale 17

Fenwick & West 11

Most active in pharma & biotech




12

Cooley 12

Most active in IT hardware

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook



38

Cooley 26


Latham & Watkins 13

DLA Piper 12

Most active in healthcare devices &

supplies

Source: PitchBook


SPONSORED BY

2016 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



Cooley 243


203

DLA Piper 123

Fenwick & West 109


Latham & Watkins 66

Goodwin 42

Jones Day 30


30

WilmerHale 30

Perkins Coie 27




20



Pillsbury Winthrop Shaw Pittman

16

Sidley Austin 13

Much Shelist 12

Bryan Cave 11

Choate Hall & Stewart 8

Morrison & Foerster 7

Derraik & Menezes Advogados

7

Synch Advokat 7



Cooley 152


115

DLA Piper 78

Fenwick & West 76

Latham & Watkins 52


Goodwin 45


Jones Day 22

WilmerHale 22


Perkins Coie 19

Bryan Cave 11

Weil, Gotshal & Manges 11

Stradling Yocca Carlson & Rauth

10


Sidley Austin 10

William Fry 9

Paul Hastings 9

Morris Manning & Martin 9



9

Dorsey & Whitney 8




7

Blake Cassels & Graydon 7




69

Cooley 66

DLA Piper 49

Fenwick & West 48


Goodwin 43

Latham & Watkins 40



Kirkland & Ellis 20

Skadden, Arps, Slate, Meagher & Flom

17

Jones Day 17

Paul Hastings 14

Davis Polk & Wardwell 14

Gibson, Dunn & Crutcher 12

Willkie Farr & Gallagher 11

Covington & Burling 11

Meitar Liquornik Geva Lesham Tal

11

Shearman & Sterling 9

Hogan Lovells 9

Sidley Austin 9


CMS Cameron McKenna 7

Cravath Swaine & Moore 7

Osborne Clarke 7

Greenberg Traurig 7


SPONSORED BY

2016 LAW FIRMS BY PE DEAL LOCATIONFirm name Deal count

Kirkland & Ellis 272


DLA Piper 176

Jones Day 139


Paul Hastings 101


Goodwin 79

Ropes & Gray 70

Most active global




DLA Piper 94


Jones Day 83

Paul Hastings 67


Goodwin 62

Ropes & Gray 61

Most active in US


DLA Piper 70

Latham & Watkins 60


Allen & Overy 44


Clifford Chance 38

Jones Day 38

Squire Patton Boggs 37




Kirkland & Ellis 34

Jones Day 24


Latham & Watkins 13

DLA Piper 12

Sidley Austin 12



Kirkland & Ellis 39


Latham & Watkins 32

DLA Piper 23

Jones Day 19

Cooley 17

Paul, Weiss, Rifkind, Wharton & Garrison

13

Sidley Austin 12

Ropes & Gray 10

Paul Hastings 10



Kirkland & Ellis 15


Goodwin 10



Kirkland & Ellis 47

DLA Piper 13

Latham & Watkins 13

Vinson & Elkins 12


Jones Day 12

Locke Lord 12

Ropes & Gray 10



Stikeman Elliott 42


Kirkland & Ellis 20

Jones Day 18

Davies Ward Phillips and Vineberg

12

DLA Piper 12

Latham & Watkins 12



Kirkland & Ellis 39

Latham & Watkins 32

Paul Hastings 23

Stradling Yocca Carlson & Rauth

19

Ropes & Gray 15

Goodwin 15



13


Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook



SPONSORED BY

2016 LAW FIRMS BY PE INDUSTRY


Kirkland & Ellis 87

DLA Piper 58

Jones Day 58

Latham & Watkins 57

Paul Hastings 41




28


Goodwin 22

Stikeman Elliott 22

Honigman Miller Schwartz and Cohn

19

McDermott Will & Emery 19

Allen & Overy 19



Travers Smith 16

Dentons 15

White & Case 15

Most active in B2B


Kirkland & Ellis 53

Latham & Watkins 35

DLA Piper 30

Jones Day 27



Ropes & Gray 22

Paul Hastings 18

Clifford Chance 17


15

Freshfields Bruckhaus Deringer

15

Goodwin 14


Greenberg Traurig 13

Allen & Overy 13


Most active in B2C


Kirkland & Ellis 66

DLA Piper 34

Latham & Watkins 31


Jones Day 29

Cooley 22

Goodwin 21



Fenwick & West 16

Paul Hastings 15


15


Ropes & Gray 13

Morris Manning & Martin 13

Most active in IT


DLA Piper 27

Kirkland & Ellis 27

Latham & Watkins 24

Paul Hastings 18

Goodwin 18

Bass, Berry & Sims 17


Ropes & Gray 16



Most active in healthcare


Kirkland & Ellis 21

Latham & Watkins 18

Vinson & Elkins 15

Locke Lord 7

Clifford Chance 7

Akin Gump Strauss Hauer & Feld

6


DLA Piper 6



DLA Piper 13

Kirkland & Ellis 11

Latham & Watkins 9

Jones Day 8

Allen & Overy 7


Most active in materials & resources

Source: PitchBook


Source: PitchBook

Source: PitchBook

Source: PitchBook


SPONSORED BY

2016 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




DLA Piper 152

Jones Day 121


Paul Hastings 93


Goodwin 70


Ropes & Gray 60


55


Stikeman Elliott 51

Allen & Overy 50

Sidley Austin 48


Hogan Lovells 44

Simpson Thacher & Bartlett 41

Clifford Chance 39




Honigman Miller Schwartz and Cohn

36

White & Case 35

Dechert 35




Kirkland & Ellis 38

Latham & Watkins 29

DLA Piper 24

Cooley 23

Jones Day 18


Bryan Cave 14





11


10

Ropes & Gray 10

Goodwin 9

Dentons 9

O'Melveny & Myers 9


Greenberg Traurig 9

Clifford Chance 8

Paul Hastings 8



8

Vinson & Elkins 8





Jones Day 85

DLA Piper 83

Ropes & Gray 55


Clifford Chance 52


49

Allen & Overy 46



Paul Hastings 42


41



Sidley Austin 36

Davis Polk & Wardwell 35

Goodwin 35

Stikeman Elliott 35

White & Case 32


32

Debevoise & Plimpton 29

Travers Smith 28

Mayer Brown 26

Cooley 25



SPONSORED BY

2016 M&A LAW FIRMS BY DEAL LOCATIONMost active global Most active in US

Source: PitchBook

Source: PitchBook


DLA Piper 373



Jones Day 308




151

Paul Hastings 147


Goodwin 145

Allen & Overy 135


Stikeman Elliott 127

Cooley 126



Sidley Austin 114

Ropes & Gray 113


Clifford Chance 110


107


Hogan Lovells 97


White & Case 92




82




Jones Day 192

DLA Piper 176



Goodwin 115

Cooley 108


105

Ropes & Gray 95


Sidley Austin 90

Paul Hastings 86


84





Fenwick & West 62





DLA Piper 162


Allen & Overy 100

Latham & Watkins 94

Clifford Chance 81




CMS Hasche Sigle 71

Jones Day 70


61

Hogan Lovells 59

Linklaters 57

Cuatrecasas 55

Paul Hastings 51


White & Case 48


Travers Smith 45

Source: PitchBook



Stikeman Elliott 94


Jones Day 46

Herbert Smith Freehills 37

King & Wood Mallesons 36

DLA Piper 35

Davies Ward Phillips and Vineberg

33

Kirkland & Ellis 25



Fasken Martineau 22


22

Osler, Hoskin & Harcourt 20

Source: PitchBook

Most active in Europe, ctd.


SPONSORED BY


Bpifrance 20

Ardian Holding 13


Audax Group 12


Genstar Capital 10





Verdane Capital 8

Siparex Group 8

Apax Partners 8

2016’s most active acquirers of global

PE-backed companies

ACQUIRERS

2016’s Most Active Acquirers of PE-

backed Companies36

Acquirers of PE-backed Companies by

Deal Location & Type37

Acquirers of VC-backed Companies by

Deal Location & Type38

Contents

Source: PitchBook


2016 ACQUIRERS OF PE-BACKED COMPANIES BY DEAL LOCATION & TYPE


Genstar Capital 10

Audax Group 9


GTCR 7


Olympus Partners 6

American Securities 6

AEA Investors 6


The Carlyle Group 5

Snow Phipps Group 5

Tenex Capital Management 5

Maranon Capital 5

Leonard Green & Partners 5

International Business Machines

5

Five Points Capital 5

ABRY Partners 5

Most active in U.S. Most active in Europe


Warburg Pincus 4

Audax Group 3


3



International Business Machines

5

Lifetime Brands 4

Sabre 3

Stryker 3

Westinghouse Air Brake Technologies

3

McKesson 3

HNA Group 3

Honeywell International 3

j2 Global 3

Cott 3

Accenture 3

Acadia Healthcare 3

Elior Group 3

Most active in mergers/acquisitions

Source: PitchBook

Source: PitchBook

Source: PitchBook


Bpifrance 20



Ardian Holding 9

Siparex Group 8

Verdane Capital 8

PAI Partners 7


Naxicap Partners 7



Apax Partners 6

Bridgepoint 6

The Carlyle Group 5


Edmond de Rothschild Investment Partners

5


Source: PitchBook


SPONSORED BY



Salesforce.com 9

Oracle 7

Allergan 6

Alphabet 6


Apple 5

Intel 5

Cisco Systems 5


Microsoft 4

Verizon Communications 4

Most active in US



HgCapital 2


Webedia 2

LDC 2

GSN Games 2

Turenne Capital Partenaires 2

Luxoft Holding 2

The Carlyle Group 2

Oculus VR 2

Symphony Technology Group 2

Cognex 2

VR Equitypartner 2

Galeries Lafayette Group 2


AP Fonden 6 2

IDInvest Partners 2

AccorHotels 2

Muhr und Bender 2



Quikr India 4

eBay 2

Alphabet 2

Freshdesk 2

Carousell 2

Fandango 2

UrbanClap 2

Amdocs 2

Craftsvilla 2

Myntra Designs 2






The Carlyle Group 4

Most active in buyouts


Salesforce.com 11

Oracle 8

Alphabet 8

Allergan 6

Cisco Systems 6

Intel 6

Microsoft 6

Apple 5

Amdocs 4

Quikr India 4

Verizon Communications 4

Spotify 4

Most active in mergers/acquisitions

2016 ACQUIRERS OF VC-BACKED COMPANIES BY DEAL LOCATION & TYPE


Salesforce.com 11


Oracle 8

Alphabet 8


Allergan 6

Intel 6

Microsoft 6

Cisco Systems 6


Apple 5

Most active global

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook

Source: PitchBook


SPONSORED BY

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