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July 13, 2021 No Comments Author: Andy Jones

Median # of Current Portfolio Companies by Typical Deal Size

Based on acquisition criteria, we have grouped the private equity firms by the typical deal size they seek to acquire. In terms of Enterprise Value…

  • Small: $0 – $50 million
  • Mid: $50 – $250 million
  • Large: $250 – $500 million
  • Mega: $500+ million

The graph below shows the median number of current portfolio companies held for PE firms in each deal-size range.

June 30, 2021 No Comments Author: Andy Jones

Top Private Equity Investors by Deal Team Size

Instead of providing a general list of the Top 10 Private Equity Firms with the largest, well-known firms, I wanted to identify formidable acquirers that may be lesser-known. To do this, I normalized the number of platform acquisitions for each firm (over the last 12 months) by the number of deal makers at each firm (titles of Vice President and higher).

The lists below show the top 10 most acquisitive private equity firms per deal maker, grouped into categories by deal team size.

June 09, 2021 No Comments Author: Andy Jones

Private Equity Firms by Deal Size Categories

Years ago, we reported on the trend of private equity firms moving down market, closing smaller deals and moving away from the more competitive landscape of the larger deal space.

Previous Related Posts:

To see the effects of this trend now, I grouped the private equity firms from our M&A Research Database into four categories, based on the enterprise value of their typical platform acquisitions (add-on investments excluded).

Size Categories

  • Small ($0 – $50 million EV)
  • Mid ($50 – $250 million EV)
  • Large ($250 – $500 million EV)
  • Mega ($500+ million)

Interestingly, approximately half of the private equity firms now focus on smaller deals, with an enterprise value range of $0 – $50 million.

Global PE Firms

April 06, 2021 1 Comment Author: Andy Jones

Private Equity Office Migrations – Covid Effect

Covid-19 forced a tectonic shift in how we work and where we work. With more people working from home, many companies took this opportunity, while already disrupted, to relocate their corporate headquarters.

A common sentiment heard on zoom calls, “The home office approach is working better than we expected. Maybe we don’t really need an office downtown.”

“Maybe we don’t need to be in this state,” was the reply.

Consequently, some firms relocated.

Anecdotal conversations around the M&A community suggest a lot of firms left New York and moved to Florida, Texas and Colorado. But what does the data show?

We compared the headquarter locations of private equity firms in our M&A Research Database in January 2000 to March 2021. The chart below shows the migrations of private equity firms over the past 15 months, by state.

March 03, 2021 1 Comment Author: Andy Jones

21 Years of Private Equity Acquisitions

I thought it would be interesting to look at the trends in private equity platform acquisitions year-by-year, since 2000. The graphs below represent 47,394 private equity platform acquisitions over the last 21 years.

We can clearly see the dip in new acquisitions during the dot.com bust (2001 – 2003), the last recession (2009), the skittishness of 2019 (Q4 mostly), and the pandemic of 2020.