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December 01, 2021 No Comments Author: Andy Jones

International Private Equity Investing in U.S. Companies

Historically, 5% to 8% of U.S. private equity platform acquisitions are made by PE firms outside the U.S.

2019 was the peak for this metric at 7.8%. That is, in 2019, 187 U.S.-based companies were acquired as new platform investments by international PE firms. (Add-on investments include a much larger number of acquisitions by international PE firms.)

The most targeted sectors by international private equity firms in 2021 were: Software, Healthcare, Technology, Data Analytics, and Food & Beverage (in that order).

November 04, 2021 No Comments Author: Andy Jones

Private Equity – Acquisition Criteria Metrics 2021

We have previously reported that private equity, as an industry, is moving down market, increasingly investing in smaller deals.

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While the migration down market was a trend, this seems to have stabilized, with little change in the last three years. That said, with the previous push down market, there’s now a long tail to the distribution of companies of interest to private equity firms.

So, how small of a company will PE firms still consider for a platform investment?

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