Embed Size (px)
Citation preview
2015 AnnualLEAGUE TABLES
PE & VC GLOBAL
REPORT
Most active PE firmsin 2015
Most active VC firms
of 2015 by sector
6 21Top law
firms for VC & PE deals
32Sponsored
by
Credits & ContactPitchBook Data, Inc.
JOHN GABBERT Founder, CEO
ADLEY BOWDEN Vice President,
Market Development & Analysis
ContentGARRETT JAMES BLACK Senior Analyst
BRIAN LEE Data Analyst
JENNIFER SAM Senior Graphic Designer
JESS CHAIDEZ Graphic Designer
Contact PitchBook pitchbook.com
RESEARCH
EDITORIAL
SALES
COPYRIGHT © 2016 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
VC Firms 15
Lenders 23
Advisors/Accountants & Investment
Banks26
Law Firms 29
Acquirers 35
Contents
SPONSORED BY
3 PITCHBOOK 2015 ANNUAL GLOBAL PE & VC LEAGUE TABLES REPORT
A few notes before you peruse the following, comprehensive rankings of private
equity and venture capital activity. For our 2015 Annual Global PE & VC League
Tables, we refreshed the look and feel of each and every table, as well as refined
our methodology somewhat; one of the more important changes to note is the
fact that venture capital rankings do not include VC financings PitchBook tracks
as accelerator or incubator. In addition, we removed a few datasets that, in our
view, were needlessly redundant.
Last but not least, this report has been renamed according to our new report
naming conventions for 2016. Since the report ranks global PE and VC activity
across the entirety of last year, we have titled it 2015 Annual, the better to reflect
the timeframe of the datasets. As always, if you have any questions about our
methodology or the rankings, feel free to reach out to us.
GARRETT JAMES BLACK
Senior Analyst
MAKE WAY FOR
SMARTER, ON-THE-FLY MEETING PREP
US +1 206.623.1986
UK +44 (0)207.190.9809
pitchbook.com
Introducing PitchBook
Mobile. The same
excellent data, technology
and service from the
PitchBook Platform, now
available on a mobile
device.
Search:
“PitchBook”
Available for
RR Donnelley is a leading integrated communication services provider. The company works collaboratively with more than 60,000 customers worldwide to develop custom communications solutions that reduce costs, drive top-line growth, enhance ROI and increase compliance. Drawing on a range of proprietary and commercially available digital and conventional technologies
deployed across five continents, the company employs a suite of leading Internet based capabilities and other resources to provide pre-media, printing, logistics and business process outsourcing services to clients in virtually every private and public sector. Our Corporate Responsibility Report is available at www.rrdonnelley.com.
Our Venue® secure online workspace provides a powerful set of features and an intuitive design that allows you to easily organize, manage, share and track all of your sensitive information. Venue® data rooms provide complete control, allowing you to manage who has access to your data room, which documents they see, and how they can interact with those documents.
Venue® data rooms are backed by RR Donnelley, a $11.6 billion corporation with more than 500 locations and approximately 65,000 employees worldwide. RR Donnelley’s total revenues are greater than all other virtual data room providers combined. Whether you’re conducting due diligence for a merger, raising capital, or developing a document repository, the RR Donnelley Venue® virtual data room is the ideal virtual workspace for managing critical information.
RR Donnelley is the sponsor of the 2015 Annual Global PE & VC League Tables Report. 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. RR Donnelley expressly disclaims all liability in respect to actions taken or not taken based on any or all the content herein.
INTRODUCTION
4 PITCHBOOK 2015 ANNUAL GLOBAL PE & VC LEAGUE TABLES REPORT
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.
U.S. 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
U.K. & Ireland: United Kingdom, Ireland, Channel Islands
GSA: 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].
5 PITCHBOOK 2015 ANNUAL GLOBAL PE & VC LEAGUE TABLES REPORT
SPONSORED BY
Firm name Deal count
The Carlyle Group 79
Kohlberg Kravis Roberts 76
ABRY Partners 74
The Blackstone Group 71
Audax Group 64
Hellman & Friedman 59
HarbourVest Partners 54
Bain Capital 49
Bpifrance 46
Business Growth Fund 46
TPG Capital 46
Ares Capital 42
AlpInvest Partners 40
The Riverside Company 40
Oaktree Capital Management 38
Apollo Global Management 37
GTCR Golder Rauner 37
H.I.G. Capital 37
Vista Equity Partners 37
Ontario Teachers' Pension Plan
36
Ardian Private Equity 35
2015’s most active global PE investors
PRIVATE EQUITY FIRMS
2015’s Most Active PE Investors 6
PE Investors by Deal Location 7-8
PE Investors by Firm HQ 9-10
PE Investors by Firm AUM 11
PE Investors by Deal Type 12
PE Investors by Industry 13
PE Investor Exits by Company HQ 14
Contents
Source: PitchBook
6 PITCHBOOK 2015 ANNUAL GLOBAL PE & VC LEAGUE TABLES REPORT
SPONSORED BY
2015 PE INVESTORS BY DEAL LOCATION
Firm name Deal count
ABRY Partners 66
Hellman & Friedman 53
Audax Group 49
The Carlyle Group 46
HarbourVest Partners 45
The Blackstone Group 39
Ares Capital 38
Kohlberg Kravis Roberts 38
GTCR Golder Rauner 34
The Riverside Company 31
Vista Equity Partners 31
Apollo Global Management 28
AlpInvest Partners 27
TPG Capital 24
Most active in U.S.
Firm name Deal count
Audax Group 18
Ares Capital 11
The Riverside Company 10
Apollo Global Management 9
Hellman & Friedman 7
The Carlyle Group 7
ABRY Partners 6
Madison Dearborn Partners 6
Onex 5
Prospect Partners 5
Most active in Great Lakes
Firm name Deal count
ABRY Partners 15
HarbourVest Partners 13
TPG Capital 11
Hellman & Friedman 10
Kohlberg Kravis Roberts 10
The Blackstone Group 9
The Carlyle Group 8
AlpInvest Partners 7
NewSpring Capital 7
Providence Equity Partners 7
Most active in Mid-Atlantic
Firm name Deal count
ABRY Partners 4
Providence Equity Partners 4
The Gladstone Companies 4
The Riverside Company 4
AlpInvest Partners 3
Ares Capital 3
CapX Partners 3
GCP Capital Partners 3
H.I.G. Growth Partners 3
Ontario Teachers' Pension Plan
3
Spectrum Equity 3
Triangle Capital Corporation 3
WestView Capital Partners 3
Most active in New England
Firm name Deal count
Hellman & Friedman 14
The Blackstone Group 12
ABRY Partners 11
Vista Equity Partners 11
The Carlyle Group 10
Kohlberg Kravis Roberts 8
Most active in West Coast
Firm name Deal count
Ares Capital 14
ABRY Partners 12
The Carlyle Group 12
GTCR Golder Rauner 10
Hellman & Friedman 10
Most active in Southeast
Firm name Deal count
Apollo Global Management 10
Hellman & Friedman 8
ABRY Partners 7
Audax Group 7
HarbourVest Partners 7
GTCR Golder Rauner 6
C3 Capital 5
Clearview Capital 5
Most active in Mountain & Midwest
Firm name Deal count
ABRY Partners 11
Kohlberg Kravis Roberts 8
EnCap Flatrock Midstream 7
Natural Gas Partners 7
Trinity Hunt Partners 6
Vista Equity Partners 6
Warburg Pincus 6
Most active in South
Source: PitchBook
Source: PitchBook
Source: PitchBook
Source: PitchBook
Source: PitchBook Source: PitchBook
Source: PitchBook
Source: PitchBook
7 PITCHBOOK 2015 ANNUAL GLOBAL PE & VC LEAGUE TABLES REPORT
SPONSORED BY
2015 PE INVESTORS BY DEAL LOCATION
Firm name Deal count
Bpifrance 44
Business Growth Fund 44
Lloyds Development Capital 24
The Blackstone Group 24
EQT Partners 23
CVC Capital Partners 22
Maven Capital Partners 22
Ardian Private Equity 21
Bain Capital 20
CM-CIC Investissement 20
Equistone Partners Europe 20
Kohlberg Kravis Roberts 20
Oaktree Capital Management 20
Siparex Group 20
The Carlyle Group 20
Most active in Europe
Firm name Deal count
Bpifrance 42
CM-CIC Investissement 20
Siparex Group 18
Bpifrance Investissement 14
Naxicap Partners 13
UI Gestion 13
Arkéa Capital Investissement 10
BNP Paribas Développement 10
Value8 10
Most active in Central & Eastern Europe
Firm name Deal count
International Finance Corporation
18
Kohlberg Kravis Roberts 18
Resource Capital Funds 14
The Carlyle Group 13
TPG Capital 12
Bain Capital 11
The Abraaj Group 11
Caisse de dépôt et placement du Québec
9
Canada Pension Plan Investment Board
9
Warburg Pincus 9
Most active in France & Benelux
Firm name Deal count
Business Growth Fund 43
Lloyds Development Capital 24
Maven Capital Partners 22
Inflexion Private Equity 18
Palatine Private Equity 18
Foresight Group 13
The Blackstone Group 13
Oaktree Capital Management 12
The Carlyle Group 11
Endless 10
Most active in U.K. & Ireland
Firm name Deal count
Co-Investor 7
AFINUM Management 6
Deutsche Beteiligungs 6
EQT Partners 6
Equistone Partners Europe 6
EVP Capital Management 6
Audax Group 5
Kohlberg Kravis Roberts 5
Most active in GSA
Firm name Deal count
FSN Capital 12
Bain Capital 11
EQT Partners 11
Norvestor Equity 10
Nordic Capital 9
Vaaka Partners 9
Most active in Nordic
Firm name Deal count
Centerbridge Partners 7
Lifebrain 7
Qualitas Equity Partners 7
Ardian Private Equity 6
Clessidra Capital Partners 5
Most active in Southern Europe
Firm name Deal count
BaltCap Management 5
Baring Vostok Capital Partners
5
3TS Capital Partners 3
Blue Sea Capital (Croatia) 3
Hartenberg Capital 3
Mid Europa Partners 3
Most active in Rest of World
Source: PitchBook
Source: PitchBook
Source: PitchBook
Source: PitchBook
Source: PitchBook
Source: PitchBook
Source: PitchBook
Source: PitchBook
8 PITCHBOOK 2015 ANNUAL GLOBAL PE & VC LEAGUE TABLES REPORT
SPONSORED BY
2015 PE INVESTORS BY FIRM HEADQUARTERS
Firm name Deal count
The Carlyle Group 79
Kohlberg Kravis Roberts 76
ABRY Partners 74
The Blackstone Group 71
Audax Group 64
Hellman & Friedman 59
HarbourVest Partners 54
Bain Capital 49
TPG Capital 46
Ares Capital 42
The Riverside Company 40
Oaktree Capital Management 38
Apollo Global Management 37
GTCR Golder Rauner 37
H.I.G. Capital 37
Vista Equity Partners 37
Most active U.S.
Firm name Deal count
ABRY Partners 74
Audax Group 64
HarbourVest Partners 54
Bain Capital 49
Summit Partners 30
TA Associates Management 30
Providence Equity Partners 28
Advent International 26
Stone Point Capital 26
Berkshire Partners 25
Most active New England
Firm name Deal count
Hellman & Friedman 59
Ares Capital 42
Oaktree Capital Management 38
Genstar Capital 26
Marlin Equity Partners 18
Silver Lake 17
Platinum Equity 15
Aurora Capital Group 13
Leonard Green & Partners 13
Accel-KKR 12
Most active West Coast
Firm name Deal count
The Carlyle Group 79
Kohlberg Kravis Roberts 76
The Blackstone Group 71
The Riverside Company 40
Apollo Global Management 37
Warburg Pincus 32
AEA Investors 24
The Goldman Sachs Group 23
International Finance Corporation
22
Most active Mid-Atlantic
Firm name Deal count
GTCR Golder Rauner 37
Madison Dearborn Partners 26
PNC Erieview Capital 23
Maranon Capital 20
Thoma Bravo 19
Huron Capital Partners 17
Wind Point Partners 17
Most active Great Lakes
Firm name Deal count
H.I.G. Capital 37
Triangle Capital Corporation 18
MSouth Equity Partners 14
Pamlico Capital 14
Trivest Partners 13
Five Points Capital 12
CapitalSouth Partners 11
Most active Southeast
Firm name Deal count
KRG Capital Partners 19
Resource Capital Funds 14
Cave Creek Capital Management
13
Cornerstone Holdings 13
Revelstoke Capital Partners 11
C3 Capital 10
Most active Mountain & Midwest
Firm name Deal count
TPG Capital 46
Vista Equity Partners 37
Natural Gas Partners 14
Lone Star Funds 13
Black Diamond Capital Partners
9
Building Industry Partners 9
Cambria Group 9
Most active South
Source: PitchBook
Source: PitchBook
Source: PitchBook
Source: PitchBook
Source: PitchBook Source: PitchBook
Source: PitchBook
Source: PitchBook
9 PITCHBOOK 2015 ANNUAL GLOBAL PE & VC LEAGUE TABLES REPORT
SPONSORED BY
2015 PE INVESTORS BY FIRM HEADQUARTERS
Firm name Deal count
Bpifrance 46
Business Growth Fund 46
AlpInvest Partners 40
Ardian Private Equity 35
CVC Capital Partners 31
EQT Partners 30
Apax Partners 25
Lloyds Development Capital 24
Bridgepoint 23
Maven Capital Partners 22
Partners Group 22
CM-CIC Investissement 21
Equistone Partners Europe 21
Siparex Group 21
Most active Europe
Firm name Deal count
Bpifrance 46
AlpInvest Partners 40
Ardian Private Equity 35
CM-CIC Investissement 21
Siparex Group 21
PAI Partners 16
CM-CIC Private Debt 15
Bpifrance Investissement 14
Naxicap Partners 13
UI Gestion 13
Most active Central & Eastern Europe
Firm name Deal count
EQT Partners 30
Nordic Capital 18
Norvestor Equity 15
FSN Capital 13
Vaaka Partners 9
AP Fonden 6 7
Most active France & Benelux
Firm name Deal count
Business Growth Fund 46
CVC Capital Partners 31
Apax Partners 25
Lloyds Development Capital 24
Bridgepoint 23
Maven Capital Partners 22
Equistone Partners Europe 21
Inflexion Private Equity 19
3i Group 18
Palatine Private Equity 18
Intermediate Capital Group 17
Most active U.K. & Ireland
Firm name Deal count
Partners Group 22
Aurelius Investments 10
Deutsche Beteiligungs 10
Lifebrain 8
AFINUM Management 7
Co-Investor 7
Most active GSA
Firm name Deal count
BaltCap Management 7
Baring Vostok Capital Partners
6
3TS Capital Partners 3
Blue Sea Capital (Croatia) 3
Enterprise Investors 3
Hartenberg Capital 3
Horizon Capital 3
J&T Finance Group 3
MCI Capital 3
Most active Nordic
Firm name Deal count
21 Partners 9
IGI 8
Qualitas Equity Partners 7
Clessidra Capital Partners 5
Brait Private Equity 4
Orizzonte 4
Portobello Capital 4
Tamburi Investment Partners 4
Most active Southern Europe
Firm name Deal count
Ontario Teachers' Pension Plan
36
Onex 26
Government of Singapore Investment Corporation
21
Caisse de dépôt et placement du Québec
18
Canada Pension Plan Investment Board
17
Temasek Holdings 14
OMERS Private Equity 12
Most active Rest of World
Source: PitchBook
Source: PitchBook
Source: PitchBook
Source: PitchBook
Source: PitchBook
Source: PitchBook
Source: PitchBook
Source: PitchBook
10 PITCHBOOK 2015 ANNUAL GLOBAL PE & VC LEAGUE TABLES REPORT
SPONSORED BY
2015 PE INVESTORS BY FIRM AUMMost active $5B+ Most active $500M-$1B
Firm name Deal count
Boathouse Capital 13
The Beekman Group 13
Trivest Partners 13
Revelstoke Capital Partners 11
C3 Capital 10
Capitala Group 10
Prospect Partners 10
Crédit Agricole 8
iXO Private Equity 8
Victory Park Capital 8
Most active $250M-$500M
Most active $1B-$5B
Most active <$250M
Firm name Deal count
The Carlyle Group 79
Kohlberg Kravis Roberts 76
ABRY Partners 74
The Blackstone Group 72
Audax Group 64
Hellman & Friedman 59
HarbourVest Partners 54
Bain Capital 49
Bpifrance 46
TPG Capital 46
Ares Capital 42
AlpInvest Partners 40
Oaktree Capital Management 38
Apollo Global Management 37
GTCR Golder Rauner 37
H.I.G. Capital 37
Vista Equity Partners 37
Ontario Teachers' Pension Plan
36
Ardian Private Equity 35
Warburg Pincus 32
CVC Capital Partners 31
EQT Partners 30
Summit Partners 30
TA Associates Management 30
Providence Equity Partners 28
Source: PitchBook
Firm name Deal count
Business Growth Fund 47
The Riverside Company 40
Genstar Capital 26
PNC Erieview Capital 23
CM-CIC Investissement 21
Siparex Group 21
Maranon Capital 20
Inflexion Private Equity 19
KRG Capital Partners 19
Marlin Equity Partners 18
Triangle Capital Corporation 18
Housatonic Partners 17
Wind Point Partners 17
Spectrum Equity 16
CI Capital Partners 15
Kohlberg & Company 15
Vitruvian Partners 15
Firm name Deal count
Maven Capital Partners 22
Palatine Private Equity 18
Huron Capital Partners 17
CM-CIC Private Debt 15
NewSpring Capital 14
PNC Mezzanine Capital 12
Webster Capital 12
Argosy Private Equity 11
Bertram Capital Management 11
Brookside Mezzanine Partners
11
CapitalSouth Partners 11
JZ Capital Partners 11
Blue Water Energy 10
Bregal Partners 10
Midwest Mezzanine Funds 10
Yukon Partners 10
Source: PitchBook
Source: PitchBook
Source: PitchBook
Firm name Deal count
UI Gestion 13
BlackEagle Partners 12
Black Diamond Capital Partners
9
Ouest Croissance 9
Shore Capital Partners 9
Finorpa 8
First Capital Partners 8
IGI 8
Main Capital Partners 8
Source: PitchBook
11 PITCHBOOK 2015 ANNUAL GLOBAL PE & VC LEAGUE TABLES REPORT
SPONSORED BY
2015 PE INVESTORS BY DEAL TYPEMost active in buyouts Most active add-on sponsors Most active in growth/expansion
Firm name Deal count
Business Growth Fund 27
Bpifrance 17
Maven Capital Partners 12
International Finance Corporation
10
Kohlberg Kravis Roberts 10
Catterton 7
Kayne Anderson Capital Advisors
7
Natural Gas Partners 7
NewSpring Capital 7
Spectrum Equity 7
Summit Partners 7
The Riverside Company 7
Co-Investor 6
Finorpa 6
TA Associates Management 6
The Blackstone Group 6
Tonka Bay Equity Partners 6
TPG Capital 6
Warburg Pincus 6
Firm name Deal count
The Carlyle Group 27
Kohlberg Kravis Roberts 22
The Blackstone Group 20
H.I.G. Capital 16
Audax Group 14
Bain Capital 14
TPG Capital 14
Apax Partners 12
Bpifrance 12
Lone Star Funds 11
Oaktree Capital Management 11
Lloyds Development Capital 10
Ares Management 9
Endless 9
EQT Partners 9
Marlin Equity Partners 9
Ontario Teachers' Pension Plan
9
The Riverside Company 9
ABRY Partners 8
Aurelius Investments 8
Bpifrance Investissement 8
Bridgepoint 8
Equistone Partners Europe 8
Foresight Group 8
Platinum Equity 8
Firm name Deal count
ABRY Partners 64
Hellman & Friedman 56
HarbourVest Partners 51
Audax Group 47
The Carlyle Group 46
The Blackstone Group 44
AlpInvest Partners 38
Kohlberg Kravis Roberts 37
Ares Capital 36
Bain Capital 33
GTCR Golder Rauner 32
Vista Equity Partners 28
Apollo Global Management 26
Ardian Private Equity 26
TPG Capital 25
Oaktree Capital Management 24
Ontario Teachers' Pension Plan
24
The Riverside Company 23
Berkshire Partners 21
CVC Capital Partners 21
Madison Dearborn Partners 21
Onex 21
Providence Equity Partners 21
Advent International 20
Summit Partners 20
Source: PitchBook Source: PitchBook
Source: PitchBook
12 PITCHBOOK 2015 ANNUAL GLOBAL PE & VC LEAGUE TABLES REPORT
SPONSORED BY
2015 PE INVESTORS BY INDUSTRY
Firm name Deal count
The Carlyle Group 31
Audax Group 30
Bpifrance 25
The Blackstone Group 24
Business Growth Fund 22
Kohlberg Kravis Roberts 20
The Riverside Company 20
ABRY Partners 19
Ares Capital 18
Ardian Private Equity 16
PNC Erieview Capital 16
Hellman & Friedman 15
Oaktree Capital Management 15
Providence Equity Partners 15
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
The Carlyle Group 19
Business Growth Fund 17
Kohlberg Kravis Roberts 14
TPG Capital 13
Ares Capital 12
Bain Capital 11
Hellman & Friedman 11
Bridgepoint 10
H.I.G. Capital 10
Ontario Teachers' Pension Plan
10
The Blackstone Group 10
The Riverside Company 9
Firm name Deal count
ABRY Partners 25
Vista Equity Partners 21
TA Associates Management 16
Thoma Bravo 14
Summit Partners 13
Accel-KKR 12
Marlin Equity Partners 12
Insight Venture Partners 11
HarbourVest Partners 10
The Goldman Sachs Group 10
Firm name Deal count
Audax Group 20
KRG Capital Partners 12
AlpInvest Partners 10
MSouth Equity Partners 9
Summit Partners 9
Welsh, Carson, Anderson & Stowe
9
CVC Capital Partners 8
Great Point Partners 8
Kohlberg Kravis Roberts 8
Lifebrain 8
Revelstoke Capital Partners 8
Shore Capital Partners 8
Yukon Partners 8
Firm name Deal count
Natural Gas Partners 13
BlackRock 9
Centerbridge Partners 8
EnCap Flatrock Midstream 7
ARC Financial 6
ArcLight Capital Partners 6
Denham Capital Management 6
Glennmont Partners 6
Kayne Anderson Capital Advisors
6
Qualitas Equity Partners 6
Warburg Pincus 6
Kohlberg Kravis Roberts 5
NextEnergy Solar Fund 5
Post Oak Energy Capital 5
Riverstone Holdings 5
Firm name Deal count
HarbourVest Partners 32
Hellman & Friedman 26
ABRY Partners 23
The Blackstone Group 23
GTCR Golder Rauner 21
Kohlberg Kravis Roberts 19
Stone Point Capital 16
AlpInvest Partners 15
Oaktree Capital Management 13
Palatine Private Equity 11
The Carlyle Group 11
TPG Capital 10
Source: PitchBook
Source: PitchBookSource: PitchBook
Source: PitchBook
Source: PitchBook
Source: PitchBook
13 PITCHBOOK 2015 ANNUAL GLOBAL PE & VC LEAGUE TABLES REPORT
SPONSORED BY
2015 PE INVESTOR EXITS BY COMPANY HQ
Firm name Deal count
The Blackstone Group 38
The Carlyle Group 25
Kohlberg Kravis Roberts 20
AlpInvest Partners 17
Bain Capital 16
TPG Capital 16
Oaktree Capital Management 16
Warburg Pincus 15
Audax Group 14
PNC Erieview Capital 14
The Goldman Sachs Group 13
Advent International 13
Apax Partners 13
HarbourVest Partners 13
3i Group 13
Equistone Partners Europe 12
Triangle Capital Corporation 12
Royal Bank of Scotland 11
H.I.G. Capital 11
EQT Partners 10
LBO France 10
Goldman Sachs Capital Partners
10
Lloyds Development Capital 10
Most active global
Firm name Deal count
The Blackstone Group 21
Audax Group 14
PNC Erieview Capital 14
The Carlyle Group 13
Kohlberg Kravis Roberts 12
Oaktree Capital Management 12
Triangle Capital Corporation 12
AlpInvest Partners 11
TPG Capital 10
HarbourVest Partners 9
Goldman Sachs Capital Partners
9
GTCR Golder Rauner 8
Ares Capital 8
NewSpring Capital 7
Providence Equity Partners 7
Welsh, Carson, Anderson & Stowe
7
Stockwell Capital 7
Warburg Pincus 7
Sun Capital Partners 7
Silver Lake 7
H.I.G. Capital 7
The Goldman Sachs Group 7
Thomas H. Lee Partners 7
Most active in U.S. Most active in Europe
Firm name Deal count
Equistone Partners Europe 12
The Carlyle Group 11
Royal Bank of Scotland 10
3i Group 10
LBO France 10
Lloyds Development Capital 10
Naxicap Partners 9
CM-CIC Investissement 9
Inflexion Private Equity 8
Intermediate Capital Group 8
EQT Partners 8
The Blackstone Group 8
Advent International 8
Bridgepoint 8
Siparex Group 8
Bain Capital 7
Apax Partners 7
Triton Partners 7
NPM Capital 6
Waterland Private Equity Investments
6
IK Investment Partners 6
Maven Capital Partners 6
Ardian Private Equity 6
CVC Capital Partners 6
Nordic Capital 6
Omnes Capital 6
ABN AMRO Participaties 6
Source: PitchBookSource: PitchBook
Source: PitchBook
14 PITCHBOOK 2015 ANNUAL GLOBAL PE & VC LEAGUE TABLES REPORT
SPONSORED BY
Firm name Deal count
Sequoia Capital 169
500 Startups 150
New Enterprise Associates 141
Accel Partners 133
Social Starts 79
Andreessen Horowitz 78
Kleiner Perkins Caufield & Byers
75
GV 74
Intel Capital 74
Bessemer Venture Partners 71
Tiger Global Management 68
First Round Capital 66
Khosla Ventures 65
Index Ventures 63
Greycroft Partners 62
Lightspeed Venture Partners 61
Formation 8 61
General Catalyst Partners 60
2015’s most active global VC investors
VENTURE CAPITAL FIRMS
2015’s Most Active VC Investors 15
VC Investors by Deal Stage 16
VC Investors by Deal Location 17-18
VC Investors by Firm HQ 19-20
VC Investors by Sector 21
VC Investor Exits by Company HQ 22
Contents
Source: PitchBook
15 PITCHBOOK 2015 ANNUAL GLOBAL PE & VC LEAGUE TABLES REPORT
2015 VC INVESTORS BY DEAL STAGEMost active at seed/angel Most active at early stage Most active at late stage
Firm name Deal count
500 Startups 84
Social Starts 47
Víctor Fernández Massó 39
Techstars 33
Slow Ventures 29
Paul Holliman 29
Great Oaks Venture Capital 29
Kima Ventures 27
Y Combinator 27
Plug and Play Ventures 24
Saad AlSogair 24
Tech Coast Angels 24
SV Angel 22
Central Texas Angel Network 21
Houston Angel Network 20
Wavemaker Partners 20
Enterprise Ireland 19
Accel Partners 19
Jeff Heitzman 19
MD Pham 19
New York Angels 18
Lerer Hippeau Ventures 18
StartX 18
East Ventures 18
Dave McClure 18
New Enterprise Associates 17
Source: PitchBook
Source: PitchBook
Firm name Deal count
Sequoia Capital 96
New Enterprise Associates 79
Accel Partners 71
500 Startups 61
GV 45
First Round Capital 43
Andreessen Horowitz 41
Greycroft Partners 40
Intel Capital 40
Matrix Partners 38
Formation 8 36
Bessemer Venture Partners 36
Tiger Global Management 36
General Catalyst Partners 35
Khosla Ventures 35
Kleiner Perkins Caufield & Byers
35
Index Ventures 32
Data Collective 31
Lightspeed Venture Partners 30
Wavemaker Partners 30
Qualcomm Ventures 30
IDG Capital Partners 29
High-Tech Gründerfonds 29
Lerer Hippeau Ventures 28
Social Starts 27
SAIF Partners 27
True Ventures 27
Source: PitchBook
Firm name Deal count
Sequoia Capital 63
New Enterprise Associates 45
Accel Partners 43
Kleiner Perkins Caufield & Byers
34
Intel Capital 31
Tiger Global Management 31
The Goldman Sachs Group 28
Andreessen Horowitz 26
Finnvera Venture Capital 25
Insight Venture Partners 24
Norwest Venture Partners 23
Bessemer Venture Partners 23
Lightspeed Venture Partners 21
Salesforce Ventures 21
Wellington Management 21
Qualcomm Ventures 20
Index Ventures 20
GV 20
Battery Ventures 19
IVP 19
Foundry Group 18
Fidelity Investments 18
Bain Capital Ventures 17
InterWest Partners 16
Venrock 16
16 PITCHBOOK 2015 ANNUAL GLOBAL PE & VC LEAGUE TABLES REPORT
SPONSORED BY
2015 VC INVESTORS BY DEAL LOCATION
Firm name Deal count
New Enterprise Associates 127
500 Startups 81
Accel Partners 76
Andreessen Horowitz 74
Social Starts 70
GV 69
Kleiner Perkins Caufield & Byers
66
First Round Capital 64
Sequoia Capital 63
Khosla Ventures 61
General Catalyst Partners 58
Greycroft Partners 56
Formation 8 55
Most active in U.S.
Firm name Deal count
Wisconsin Investment Partners
16
Hyde Park Angels 15
Queen City Angels 14
Pritzker Group Venture Capital
14
Serra Ventures 13
Hyde Park Venture Partners 13
Rev1 Ventures 12
Chicago Ventures 11
Michigan Angel Fund 10
Most active in Great Lakes
Firm name Deal count
Lerer Hippeau Ventures 31
New Enterprise Associates 26
Social Starts 24
DreamIt Ventures 20
General Catalyst Partners 20
Great Oaks Venture Capital 19
Innovation Works 19
RRE Ventures 19
Thrive Capital 18
Most active in Mid-Atlantic
Firm name Deal count
Atlas Venture 23
Connecticut Innovations 21
Launchpad Venture Group 18
New Enterprise Associates 17
Polaris Partners 17
Maine Angels 15
North Bridge Venture Partners
13
Most active in New England
Firm name Deal count
New Enterprise Associates 70
Andreessen Horowitz 62
500 Startups 58
Accel Partners 55
First Round Capital 50
Khosla Ventures 48
Sequoia Capital 47
GV 47
Kleiner Perkins Caufield & Byers
46
Formation 8 42
SV Angel 40
Most active in West Coast
Firm name Deal count
RTP Capital Associates 17
IDEA Fund Partners 10
Mosley Ventures 8
Elevate Innovation Partners 7
Upstate Carolina Angel Network
7
Hatteras Venture Partners 6
SCRA Technology Ventures 6
Most active in Southeast
Firm name Deal count
Peak Ventures 14
Service Provider Capital 13
Cultivation Capital 13
Desert Angels 13
Foundry Group 12
Missouri Technology Corporation
12
Kickstart Seed Fund 11
Most active in Mountain & Midwest
Firm name Deal count
Central Texas Angel Network 31
Houston Angel Network 25
Capital Factory 11
Wild Basin Investments 11
Silverton Partners 10
Most active in South
Source: PitchBook
Source: PitchBook
Source: PitchBook
Source: PitchBook
Source: PitchBook
Source: PitchBook
Source: PitchBook
Source: PitchBook
17 PITCHBOOK 2015 ANNUAL GLOBAL PE & VC LEAGUE TABLES REPORT
SPONSORED BY
2015 VC INVESTORS BY DEAL LOCATION
Firm name Deal count
Finnvera Venture Capital 51
High-Tech Gründerfonds 46
Enterprise Ireland 42
Bpifrance 40
Víctor Fernández Massó 38
Index Ventures 25
Kima Ventures 24
Rocket Internet 22
SEED Capital Denmark 21
Octopus Investments 21
Partech Ventures 20
Holtzbrinck Ventures 20
London Co-Investment Fund 19
Finnish Business Angels Network
19
Scottish Enterprise 19
Most active in Europe
Firm name Deal count
Neulogy Ventures 13
MCI Capital 9
Imprimatur Capital 8
Practica Capital 7
Moscow Seed Fund 6
Credo Ventures 6
Almaz Capital 4
Jaan Tallinn 4
Most active in Central & Eastern Europe
Firm name Deal count
Bpifrance 40
Alven Capital Partners 17
Kima Ventures 15
Cap Decisif 12
Investessor 11
IDInvest Partners 11
Partech Ventures 11
Femmes Business Angels 10
Internet Savvy & Active Investors
9
Seventure Partners 9
Most active in France & Benelux
Firm name Deal count
Enterprise Ireland 42
Víctor Fernández Massó 23
London Co-Investment Fund 19
Octopus Investments 19
Scottish Enterprise 18
Northstar Ventures 16
Parkwalk Advisors 16
Mercia Fund Management 16
Index Ventures 15
Imperial Innovations Group 14
Balderton Capital 14
Passion Capital 14
Most active in U.K. & Ireland
Firm name Deal count
High-Tech Gründerfonds 44
Holtzbrinck Ventures 16
Rocket Internet 16
IBB Beteiligungsgesellschaft 15
b-to-v Partners 15
German Startups Group 12
Earlybird Venture Capital 11
VI Partners 11
Most active in GSA
Firm name Deal count
Finnvera Venture Capital 51
SEED Capital Denmark 20
Finnish Business Angels Network
18
Tekes 15
Sunstone Capital 12
Northzone Ventures 12
Lifeline Ventures 12
Most active in Nordic
Firm name Deal count
Club Digitale 13
Club Italia Investimenti 13
Portugal Capital Ventures 13
Caixa Capital Risc 12
Cabiedes & Partners 11
Almi Invest 11
Northzone Ventures 10
Most active in Southern EuropeFirm name Deal count
Sequoia Capital 103
500 Startups 56
Tiger Global Management 49
Accel Partners 41
IDG Capital Partners 35
SAIF Partners 34
Real Ventures 30
Most active in Rest of World
Source: PitchBook
Source: PitchBook
Source: PitchBook Source: PitchBook
Source: PitchBook
Source: PitchBook
Source: PitchBook
Source: PitchBook
18 PITCHBOOK 2015 ANNUAL GLOBAL PE & VC LEAGUE TABLES REPORT
SPONSORED BY
2015 VC INVESTORS BY FIRM HEADQUARTERS
Firm name Deal count
Sequoia Capital 169
500 Startups 150
New Enterprise Associates 141
Accel Partners 133
Social Starts 79
Andreessen Horowitz 78
Kleiner Perkins Caufield & Byers
75
GV 74
Intel Capital 74
Bessemer Venture Partners 71
Tiger Global Management 68
First Round Capital 66
Khosla Ventures 65
Greycroft Partners 62
Lightspeed Venture Partners 61
Formation 8 61
Most active U.S.
Firm name Deal count
Pritzker Group Venture Capital
27
ARCH Venture Partners 25
Drummond Road Capital 22
Jeff Heitzman 22
Chicago Ventures 19
Wisconsin Investment Partners
19
Serra Ventures 18
Most active Great Lakes
Firm name Deal count
Bessemer Venture Partners 71
Tiger Global Management 68
Greycroft Partners 62
Lerer Hippeau Ventures 50
RRE Ventures 49
Great Oaks Venture Capital 46
The Goldman Sachs Group 37
Bloomberg Beta 33
Insight Venture Partners 32
OrbiMed Advisors 32
DreamIt Ventures 30
Most active Mid-Atlantic
Firm name Deal count
General Catalyst Partners 60
Battery Ventures 45
Atlas Venture 42
SoftBank Capital 37
Spark Capital 34
Bain Capital Ventures 34
Polaris Partners 31
Wellington Management 29
Kevin Colleran 28
Fidelity Investments 27
Most active New England
Firm name Deal count
Sequoia Capital 169
500 Startups 150
New Enterprise Associates 141
Accel Partners 133
Social Starts 79
Andreessen Horowitz 78
Kleiner Perkins Caufield & Byers
75
Intel Capital 74
GV 74
Most active West Coast
Firm name Deal count
Investors' Circle 23
RTP Capital Associates 18
Hatteras Venture Partners 15
IDEA Fund Partners 11
Mosley Ventures 9
Arsenal Venture Partners 9
Most active Southeast
Firm name Deal count
Techstars 51
Foundry Group 46
MD Pham 28
Cultivation Capital 20
Galvanize 19
EPIC Ventures 17
Most active Mountain & Midwest
Firm name Deal count
Central Texas Angel Network 36
Houston Angel Network 29
Mercury Fund 20
Mark Cuban 19
Advantage Capital Partners 16
Rakesh Agrawal 16
Mountain Group Partners 13
Most active South
Source: PitchBook
Source: PitchBook
Source: PitchBook
Source: PitchBook
Source: PitchBook
Source: PitchBook
Source: PitchBook
Source: PitchBook
19 PITCHBOOK 2015 ANNUAL GLOBAL PE & VC LEAGUE TABLES REPORT
SPONSORED BY
2015 VC INVESTORS BY FIRM HEADQUARTERS
Firm name Deal count
Index Ventures 63
Finnvera Venture Capital 53
High-Tech Gründerfonds 47
Kima Ventures 47
Enterprise Ireland 44
Bpifrance 41
Víctor Fernández Massó 39
Rocket Internet 30
Partech Ventures 29
Point Nine Capital 24
Octopus Investments 22
SOSV 22
Most active Europe
Firm name Deal count
Julien Coustaury 18
TA Ventures 18
DST Global 15
MCI Capital 14
Neulogy Ventures 14
Yuri Milner 13
Maxfield Capital 12
Most active Central & Eastern Europe
Firm name Deal count
Kima Ventures 47
Bpifrance 41
Partech Ventures 29
IDInvest Partners 21
Alven Capital Partners 20
Iris Capital Management 19
Seventure Partners 14
Ventech 14
Most active France & Benelux
Firm name Deal count
Enterprise Ireland 44
Octopus Investments 22
SOSV 22
Scottish Enterprise 19
London Co-Investment Fund 19
DN Capital 19
Balderton Capital 19
Northzone Ventures 18
Passion Capital 18
Most active U.K. & Ireland
Firm name Deal count
Index Ventures 63
High-Tech Gründerfonds 47
Rocket Internet 30
Point Nine Capital 24
Holtzbrinck Ventures 21
Earlybird Venture Capital 21
Novartis Venture Funds 20
Global Founders Capital 17
ACE & Company 17
b-to-v Partners 17
Most active GSA
Firm name Deal count
Finnvera Venture Capital 53
SEED Capital Denmark 21
Novo 20
Finnish Business Angels Network
20
Sunstone Capital 19
Tekes 15
Lifeline Ventures 14
Most active Nordic
Firm name Deal count
Víctor Fernández Massó 39
Portugal Capital Ventures 16
Cabiedes & Partners 13
Caixa Capital Risc 13
Club Digitale 13
Club Italia Investimenti 13
Almi Invest 12
Most active Southern Europe
Firm name Deal count
IDG Capital Partners 45
SAIF Partners 35
Real Ventures 34
OurCrowd 34
Saad AlSogair 31
East Ventures 31
Nexus Venture Partners 28
iNovia Capital 26
Kae Capital 24
Kalaari Capital 23
Samsung Venture Investment 22
Horizons Ventures 21
IDG Ventures India 20
Carmel Ventures 20
Cherubic Ventures 20
Most active Rest of WorldSource: PitchBook
Source: PitchBook
Source: PitchBook
Source: PitchBook
Source: PitchBook
Source: PitchBook
Source: PitchBook
Source: PitchBook
20 PITCHBOOK 2015 ANNUAL GLOBAL PE & VC LEAGUE TABLES REPORT
SPONSORED BY
2015 VC INVESTORS BY SECTOR
Firm name Deal count
500 Startups 81
Sequoia Capital 76
Accel Partners 74
New Enterprise Associates 67
Andreessen Horowitz 48
Social Starts 47
GV 44
Bessemer Venture Partners 40
Index Ventures 38
Greylock Partners 36
Lightspeed Venture Partners 34
Kleiner Perkins Caufield & Byers
32
Matrix Partners 32
General Catalyst Partners 32
Salesforce Ventures 32
Most active in software
Firm name Deal count
500 Startups 25
Sequoia Capital 22
New Enterprise Associates 14
Greycroft Partners 12
Accel Partners 12
Social Starts 12
Wavemaker Partners 12
Y Combinator 10
Salesforce Ventures 10
Bessemer Venture Partners 10
Most active in commercial services
Firm name Deal count
Accel Partners 19
Sequoia Capital 13
Tiger Global Management 12
Forerunner Ventures 12
New Enterprise Associates 12
SAIF Partners 10
Greycroft Partners 9
Most active in consumer goods
Firm name Deal count
Social Starts 15
Sequoia Capital 11
Index Ventures 10
500 Startups 9
Accel Partners 8
Greycroft Partners 8
Slow Ventures 8
Tiger Global Management 8
Spark Capital 7
Lerer Hippeau Ventures 7
New Enterprise Associates 7
Most active in media
Firm name Deal count
Finnvera Venture Capital 10
New Enterprise Associates 9
Venrock 8
High-Tech Gründerfonds 8
Houston Angel Network 8
InterWest Partners 8
Most active in healthcare services,
supplies & systems
Firm name Deal count
Intel Capital 19
New Enterprise Associates 7
Qualcomm Ventures 7
Sequoia Capital 7
IDInvest Partners 5
First Round Capital 5
Bpifrance 5
Most active in IT hardware
Firm name Deal count
OrbiMed Advisors 25
RA Capital Management 19
Cormorant Asset Management
17
Rock Springs Capital 16
Polaris Partners 15
Novartis Venture Funds 15
New Enterprise Associates 15
SR One 15
Novo 14
MPM Capital 12
Pfizer Venture Investments 12
Jennison Associates 12
Fidelity Biosciences 12
Foresite Capital Management 12
Most active in pharma & biotech
Source: PitchBook
Source: PitchBook
Source: PitchBook
Source: PitchBook
Source: PitchBook
Source: PitchBookSource: PitchBook
21 PITCHBOOK 2015 ANNUAL GLOBAL PE & VC LEAGUE TABLES REPORT
SPONSORED BY
2015 VC INVESTOR EXITS BY COMPANY HQ
Firm name Deal count
SV Angel 31
Western Technology Investment
28
New Enterprise Associates 27
500 Startups 27
Sequoia Capital 26
Intel Capital 25
Kleiner Perkins Caufield & Byers
23
Y Combinator 22
Greylock Partners 19
Index Ventures 18
Accel Partners 18
Khosla Ventures 16
Techstars 16
Saints Capital 15
Great Oaks Venture Capital 15
OrbiMed Advisors 14
GV 14
Qualcomm Ventures 13
Rock Springs Capital 13
Polaris Partners 13
True Ventures 13
Lerer Hippeau Ventures 13
Most active global
Firm name Deal count
SV Angel 31
New Enterprise Associates 26
500 Startups 25
Western Technology Investment
24
Kleiner Perkins Caufield & Byers
21
Y Combinator 20
Intel Capital 19
Greylock Partners 19
Sequoia Capital 18
Khosla Ventures 16
Great Oaks Venture Capital 15
Techstars 15
GV 14
Saints Capital 14
Polaris Partners 13
True Ventures 13
Index Ventures 13
General Catalyst Partners 12
First Round Capital 12
In-Q-Tel 12
Trinity Ventures 12
Founder Collective 12
CrunchFund 12
Data Collective 12
Lerer Hippeau Ventures 12
Most active in U.S.
Firm name Deal count
Scottish Enterprise 11
Enterprise Ireland 10
High-Tech Gründerfonds 9
Verdane Capital 8
CM-CIC Capital Privé 6
Albion Ventures 6
Edmond de Rothschild Investment Partners
6
Draper Esprit 6
Seventure Partners 5
HealthCap Ventures 5
OrbiMed Advisors 5
Amadeus Capital Partners 5
SEED Capital Denmark 5
Almi Invest 5
Bonsai Venture Capital 5
Index Ventures 5
Kreos Capital 5
Acton Capital Partners 5
KfW IPEX-Bank 5
Most active in Europe
Source: PitchBook
Source: PitchBook
Source: PitchBook
22 PITCHBOOK 2015 ANNUAL GLOBAL PE & VC LEAGUE TABLES REPORT
SPONSORED BY
Firm name Deal count
Madison Capital Funding 99
Antares Holdings 90
BMO Harris Bank 57
Ares Capital 30
BNP Paribas 28
Golub Capital 28
HSBC Bank 24
RBC Capital Markets 23
RBS Group 23
Fifth Street 22
NXT Capital 22
Deutsche Bank 21
The Goldman Sachs Group 20
2015’s most active lenders global
LENDERS
2015’s Most Active Lenders 23
Lenders by PE Deal Location & Firm HQ 24
Lenders by Deal Type & Industry 25
Contents
Source: PitchBook
23 PITCHBOOK 2015 ANNUAL GLOBAL PE & VC LEAGUE TABLES REPORT
2015 LENDERS BY PE DEAL LOCATION
Firm name Deal count
Madison Capital Funding 96
Antares Holdings 87
BMO Harris Bank 52
Golub Capital 28
Ares Capital 25
Fifth Street 22
NXT Capital 22
PNC Financial Services Group 18
RBC Capital Markets 18
Bank of America 16
CIT Group 16
Most active in U.S.
Firm name Deal count
HSBC Bank 22
BNP Paribas 22
RBS Group 22
UniCredit 12
Crédit Agricole 11
Barclays 10
Crédit du Nord 8
Bpifrance 8
Most active in Europe
Firm name Deal count
BMO Harris Bank 4
Macquarie Group 3
Antares Holdings 2
Babson Capital Management 2
Bank of Nova Scotia 2
RBC Capital Markets 2
Pacific Road Capital Management
2
UBS 2
Scotiabank Global Banking and Markets
2
Madison Capital Funding 2
Most active in Rest of World
2015 PE DEAL LENDERS BY FIRM HQ
Firm name Deal count
Madison Capital Funding 99
Antares Holdings 90
BMO Harris Bank 45
Ares Capital 30
Golub Capital 28
Fifth Street 22
NXT Capital 22
The Goldman Sachs Group 20
Bank of America 19
PNC Financial Services Group 19
Most active U.S.
Firm name Deal count
BNP Paribas 28
HSBC Bank 24
RBS Group 23
Deutsche Bank 21
Credit Suisse 17
Bank of Ireland 16
Barclays 15
Crédit Agricole 13
UniCredit 12
Societe Generale 11
Most active Europe
Firm name Deal count
RBC Capital Markets 23
Sumitomo Mitsui Banking 15
BMO Harris Bank 13
Macquarie Group 12
Nomura Securities 6
TD Bank Group 3
Crédit Mutuel 3
Most active Rest of World
Source: PitchBook
Source: PitchBook
Source: PitchBook
Source: PitchBook Source: PitchBook
Source: PitchBook
24 PITCHBOOK 2015 ANNUAL GLOBAL PE & VC LEAGUE TABLES REPORT
SPONSORED BY
2015 LENDERS BY DEAL TYPE
Firm name Deal count
Madison Capital Funding 48
Antares Holdings 45
BMO Harris Bank 22
Bank of America 14
BNP Paribas 13
PNC Financial Services Group 12
HSBC Bank 10
Bank of Ireland 9
NXT Capital 9
PNC Erieview Capital 9
RBC Capital Markets 9
Ares Capital 8
RBS Group 8
Wells Fargo 8
Most active in B2B
Firm name Deal count
Antares Holdings 46
Madison Capital Funding 45
BMO Harris Bank 36
Ares Capital 23
BNP Paribas 23
RBS Group 21
Deutsche Bank 19
Golub Capital 19
Most active in buyouts
Firm name Deal count
Bank of America 49
Antares Holdings 38
Wells Fargo 38
BMO Harris Bank 32
Barclays Investment Bank 23
RBS Group 20
J.P. Morgan 19
Most active in debt-only financings
Firm name Deal count
Antares Holdings 21
Madison Capital Funding 15
BMO Harris Bank 11
RBS Group 9
Ares Capital 8
Babson Capital Management 7
BNP Paribas 7
HSBC Bank 7
NXT Capital 7
Most active in B2C
Firm name Deal count
Madison Capital Funding 6
Antares Holdings 6
Fifth Street 5
Golub Capital 5
Ares Capital 5
Credit Suisse 4
HSBC Bank 4
Apollo Investment 4
The Goldman Sachs Group 4
Most active in IT
Firm name Deal count
Silicon Valley Bank 14
Bank of America 10
HSBC Bank 10
Deutsche Bank 9
BNP Paribas 7
Credit Suisse 7
RBS Group 7
The Goldman Sachs Group 7
Most active in other
2015 PE LENDERS BY INDUSTRY
Firm name Deal count
Madison Capital Funding 13
BMO Harris Bank 12
Golub Capital 9
The Goldman Sachs Group 5
Ares Capital 5
Capital One Commercial Banking
5
CIT Group 5
Most active in healthcare
Firm name Deal count
Deutsche Bank 4
Sumitomo Mitsui Banking 3
BNP Paribas 3
Crédit Agricole 3
Citizens Financial Group 2
Ally Corporate Finance 2
Most active in energy
Source: PitchBook
Source: PitchBook
Source: PitchBook
Source: PitchBook
Source: PitchBook
Source: PitchBook
Source: PitchBook Source: PitchBook
25 PITCHBOOK 2015 ANNUAL GLOBAL PE & VC LEAGUE TABLES REPORT
SPONSORED BY
Firm name Deal count
Rothschild Group 91
Houlihan Lokey 89
Lincoln International 74
The Goldman Sachs Group 72
William Blair & Company 68
Morgan Stanley 63
Jefferies Group 52
Raymond James Financial 44
J.P. Morgan 42
Credit Suisse 39
Harris Williams & Co. 39
Moelis & Company 39
Robert W. Baird & Co. 36
Citigroup 33
Lazard 33
Deutsche Bank 32
Evercore Group 31
RBC Capital Markets 30
2015’s most active global PE I-banks
ADVISORS, I-BANKS & PLACEMENT AGENTS
2015’s Most Active I-banks 26
I-banks, Advisors & Accountants
by Deal Location27
I-banks, Advisors & Accountants
by Deal Type28
Contents
Source: PitchBook
26 PITCHBOOK 2015 ANNUAL GLOBAL PE & VC LEAGUE TABLES REPORT
2015 I-BANKS BY PE DEAL LOCATION
Firm name Deal count
Houlihan Lokey 75
William Blair & Company 55
Raymond James Financial 41
The Goldman Sachs Group 39
Jefferies Group 38
Lincoln International 38
Harris Williams & Co. 36
Moelis & Company 28
Morgan Stanley 28
Robert W. Baird & Co. 26
Most active in U.S.
Firm name Deal count
Rothschild Group 79
Lincoln International 31
Morgan Stanley 26
J.P. Morgan 24
The Goldman Sachs Group 20
Lazard 18
Citigroup 17
Clairfield International 17
Altium Capital 16
Livingstone Partners 15
Most active in Europe
Firm name Deal count
The Goldman Sachs Group 13
Rothschild Group 11
UBS 10
Morgan Stanley 9
Credit Suisse 9
TD Securities 6
GMP Securities 6
Moelis & Company 6
Most active in Rest of World
2015 ADVISORS/ACCOUNTANTS BY PE DEAL LOCATION
Firm name Deal count
PricewaterhouseCoopers 172
Ernst & Young 142
KPMG 134
Deloitte 102
Grant Thornton 46
BDO 42
Duff & Phelps 33
Mazars 23
Barclays 21
BNP Paribas 21
Most active global
Firm name Deal count
Deloitte 27
Duff & Phelps 25
KPMG 22
PricewaterhouseCoopers 16
Barclays 11
Ernst & Young 11
CliftonLarsonAllen 10
KeyCorp (Cleveland) 10
JP Morgan Securities 9
BDO 9
Most active in U.S.
Firm name Deal count
PricewaterhouseCoopers 129
Ernst & Young 120
KPMG 91
Deloitte 68
Grant Thornton 39
BDO 29
Mazars 22
Eight Advisory 18
DC Advisory Partners 18
Most active in Europe
Source: PitchBook Source: PitchBook
Source: PitchBook
Source: PitchBook Source: PitchBook
Source: PitchBook
27 PITCHBOOK 2015 ANNUAL GLOBAL PE & VC LEAGUE TABLES REPORT
SPONSORED BY
2015 I-BANKS BY DEAL TYPE
Firm name Deal count
Rothschild Group 87
Houlihan Lokey 78
Lincoln International 67
William Blair & Company 63
The Goldman Sachs Group 61
Morgan Stanley 56
Jefferies Group 43
Harris Williams & Co. 39
Raymond James Financial 36
Robert W. Baird & Co. 36
Buyouts
Firm name Deal count
The Goldman Sachs Group 53
Morgan Stanley 45
Jefferies Group 31
William Blair & Company 30
J.P. Morgan 24
Piper Jaffray 23
Citigroup Global Markets 22
Canaccord Genuity 21
Cowen and Company 21
RBC Capital Markets 21
Merrill Lynch Pierce Fenner & Smith
21
PE & VC-backed IPOs
Firm name Deal count
The Goldman Sachs Group 68
Morgan Stanley 53
Rothschild Group 44
J.P. Morgan 42
Credit Suisse 41
Houlihan Lokey 40
Jefferies Group 35
Lincoln International 35
Citigroup 31
RBC Capital Markets 31
Moelis & Company 28
PE & VC-backed acquisitions
2015 ADVISORS/ACCOUNTANTS BY DEAL TYPE
Firm name Deal count
PricewaterhouseCoopers 158
Ernst & Young 127
KPMG 123
Deloitte 90
Grant Thornton 37
BDO 36
Duff & Phelps 31
Barclays 20
Bank of America Merrill Lynch 19
BNP Paribas 18
Mazars 18
Buyouts
Firm name Deal count
Latham & Watkins 42
Ernst & Young 35
KPMG 32
PricewaterhouseCoopers 30
Cooley 28
Davis Polk & Wardwell 26
Goodwin Procter 20
JP Morgan Securities 19
Deloitte 18
Wilson Sonsini Goodrich & Rosati
12
Numis Securities 11
PE & VC-backed IPOs
Firm name Deal count
Latham & Watkins 80
Kirkland & Ellis 75
Cooley 72
Wilson Sonsini Goodrich & Rosati
70
Jones Day 67
Fenwick & West 63
Gunderson Dettmer 62
Weil, Gotshal & Manges 51
Goodwin Procter 50
Ernst & Young 46
DLA Piper 46
PE & VC-backed acquisitions
Source: PitchBook
Source: PitchBookSource: PitchBook
Source: PitchBookSource: PitchBook Source: PitchBook
28 PITCHBOOK 2015 ANNUAL GLOBAL PE & VC LEAGUE TABLES REPORT
SPONSORED BY
Firm name Deal count
Gunderson Dettmer 801
Cooley 480
Wilson Sonsini Goodrich & Rosati
398
DLA Piper 288
Goodwin Procter 179
Orrick Herrington & Sutcliffe 161
Latham & Watkins 147
Fenwick & West 96
Morgan, Lewis & Bockius 81
Perkins Coie 68
O'Melveny & Myers 61
Jones Day 60
2015’s most active VC law firms global
LAW FIRMS
2015’s Most Active VC Law Firms 29
Law Firms by VC Deal Location 30
Law Firms by PE Deal Location 31
Law Firms by Deal Type 32
Law Firms by VC Sector 33
Law Firms by PE Industry 34
Contents
Source: PitchBook
29 PITCHBOOK 2015 ANNUAL GLOBAL PE & VC LEAGUE TABLES REPORT
LAW FIRMS BY VC DEAL LOCATION
Firm name Deal count
Gunderson Dettmer 657
Cooley 462
Wilson Sonsini Goodrich & Rosati
381
DLA Piper 272
Goodwin Procter 160
Latham & Watkins 136
Orrick Herrington & Sutcliffe 125
Fenwick & West 96
Morgan, Lewis & Bockius 75
Perkins Coie 66
O'Melveny & Myers 50
Dorsey & Whitney 45
Sheppard Mullin Richter & Hampton
35
Foley & Lardner 33
Sidley Austin 33
Jones Day 31
Most active in U.S.
Firm name Deal count
Gunderson Dettmer 68
Goodwin Procter 59
Cooley 33
Latham & Watkins 24
Morgan, Lewis & Bockius 16
Foley Hoag 13
WilmerHale 13
DLA Piper 10
Foley & Lardner 8
Most active in New England
Firm name Deal count
Gunderson Dettmer 154
Cooley 91
DLA Piper 62
Wilson Sonsini Goodrich & Rosati
39
Morgan, Lewis & Bockius 22
Goodwin Procter 21
Orrick Herrington & Sutcliffe 19
Latham & Watkins 19
Sheppard Mullin Richter & Hampton
16
Most active in Mid-Atlantic
Firm name Deal count
Gunderson Dettmer 376
Wilson Sonsini Goodrich & Rosati
289
Cooley 266
DLA Piper 129
Orrick Herrington & Sutcliffe 92
Fenwick & West 87
Latham & Watkins 82
Goodwin Procter 70
Perkins Coie 51
O'Melveny & Myers 44
Most active in West Coast
Firm name Deal count
Gunderson Dettmer 17
Cooley 15
DLA Piper 12
Dorsey & Whitney 11
Much Shelist 7
Wilson Sonsini Goodrich & Rosati
7
Most active in Great Lakes
Firm name Deal count
DLA Piper 24
Wilson Sonsini Goodrich & Rosati
18
Cooley 12
Gunderson Dettmer 7
Baker, Donelson, Bearman, Caldwell & Berkowitz
4
Most active in South
Firm name Deal count
Gunderson Dettmer 32
Jones Day 27
Orrick Herrington & Sutcliffe 25
Dechert 16
Cuatrecasas, Gonçalves Pereira
10
Cooley 10
DLA Piper 10
Osborne Clarke 10
Most active in Europe
Firm name Deal count
Gunderson Dettmer 112
Goodwin Procter 14
Wilson Sonsini Goodrich & Rosati
14
Orrick Herrington & Sutcliffe 11
Derraik & Menezes Advogados
8
Cooley 8
O'Melveny & Myers 8
Most active in Rest of World
Source: PitchBook
Source: PitchBook
Source: PitchBook
Source: PitchBook
Source: PitchBook
Source: PitchBook Source: PitchBook
Source: PitchBook
30 PITCHBOOK 2015 ANNUAL GLOBAL PE & VC LEAGUE TABLES REPORT
SPONSORED BY
LAW FIRMS BY PE DEAL LOCATION
Firm name Deal count
Kirkland & Ellis 251
Latham & Watkins 148
Jones Day 139
DLA Piper 122
Paul Hastings 106
Weil, Gotshal & Manges 84
Ropes & Gray 78
Goodwin Procter 76
Willkie Farr & Gallagher 76
Morgan, Lewis & Bockius 73
Most active global
Firm name Deal count
Kirkland & Ellis 213
Latham & Watkins 93
Jones Day 90
DLA Piper 77
Paul Hastings 76
Goodwin Procter 66
Ropes & Gray 65
Morgan, Lewis & Bockius 63
Paul, Weiss, Rifkind, Wharton & Garrison
57
Weil, Gotshal & Manges 52
Most active in U.S.
Firm name Deal count
Travers Smith 54
Latham & Watkins 53
Clifford Chance 53
Linklaters 49
Squire Patton Boggs 48
Jones Day 45
DLA Piper 44
Allen & Overy 42
Willkie Farr & Gallagher 38
Kirkland & Ellis 35
Most active in Europe
Firm name Deal count
Kirkland & Ellis 45
Jones Day 27
Paul Hastings 21
Honigman Miller Schwartz and Cohn
17
DLA Piper 15
Latham & Watkins 14
Goodwin Procter 14
Paul, Weiss, Rifkind, Wharton & Garrison
14
Ropes & Gray 14
Most active in Great Lakes
Firm name Deal count
Kirkland & Ellis 46
Latham & Watkins 30
Jones Day 21
DLA Piper 21
Morgan, Lewis & Bockius 18
Goodwin Procter 16
Ropes & Gray 16
Paul, Weiss, Rifkind, Wharton & Garrison
15
Paul Hastings 12
Most active in Mid-Atlantic
Firm name Deal count
Kirkland & Ellis 17
Weil, Gotshal & Manges 9
Latham & Watkins 8
Choate Hall & Stewart 7
Morgan, Lewis & Bockius 6
Most active in New England
Firm name Deal count
Kirkland & Ellis 35
Vinson & Elkins 23
Latham & Watkins 17
Jones Day 12
Most active in South
Firm name Deal count
Stikeman Elliott 51
Kirkland & Ellis 22
Blake Cassels & Graydon 21
Cassels Brock & Blackwell 18
Shearman & Sterling 14
Latham & Watkins 13
Fasken Martineau 13
Most active in Rest of World
Firm name Deal count
Kirkland & Ellis 37
Latham & Watkins 22
Morgan, Lewis & Bockius 21
DLA Piper 19
Weil, Gotshal & Manges 19
Paul Hastings 15
Wilson Sonsini Goodrich & Rosati
15
Most active in West Coast
Source: PitchBook
Source: PitchBook
Source: PitchBook
Source: PitchBook
Source: PitchBook
Source: PitchBook
Source: PitchBook
Source: PitchBookSource: PitchBook
31 PITCHBOOK 2015 ANNUAL GLOBAL PE & VC LEAGUE TABLES REPORT
SPONSORED BY
2015 LAW FIRMS BY VC DEAL TYPE
Firm name Deal count
Gunderson Dettmer 414
Cooley 248
Wilson Sonsini Goodrich & Rosati
166
DLA Piper 129
Orrick Herrington & Sutcliffe 91
Goodwin Procter 79
Latham & Watkins 76
Fenwick & West 34
Morgan, Lewis & Bockius 33
Jones Day 32
Most active at early stage
Firm name Deal count
Gunderson Dettmer 257
Cooley 177
Wilson Sonsini Goodrich & Rosati
172
DLA Piper 104
Goodwin Procter 91
Fenwick & West 54
Latham & Watkins 50
Orrick Herrington & Sutcliffe 41
Morgan, Lewis & Bockius 38
O'Melveny & Myers 31
Most active at late stage
Firm name Deal count
Cooley 88
Wilson Sonsini Goodrich & Rosati
75
Gunderson Dettmer 71
Fenwick & West 69
Goodwin Procter 56
Latham & Watkins 43
DLA Piper 42
Jones Day 35
Weil, Gotshal & Manges 26
Most active exits (acq., buyout, IPO)
2015 LAW FIRMS BY PE DEAL TYPE
Firm name Deal count
Kirkland & Ellis 211
Jones Day 121
Latham & Watkins 118
DLA Piper 102
Paul Hastings 96
Weil, Gotshal & Manges 74
Ropes & Gray 67
Willkie Farr & Gallagher 66
Morgan, Lewis & Bockius 64
Stikeman Elliott 60
Most active in buyouts
Firm name Deal count
Kirkland & Ellis 40
Latham & Watkins 29
DLA Piper 20
Cassels Brock & Blackwell 19
Jones Day 18
Goodwin Procter 17
Paul, Weiss, Rifkind, Wharton & Garrison
16
Vinson & Elkins 16
Travers Smith 16
Shearman & Sterling 15
Most active in other deals
Firm name Deal count
Kirkland & Ellis 175
Latham & Watkins 153
Jones Day 78
Weil, Gotshal & Manges 73
Simpson Thacher & Bartlett 62
Skadden, Arps, Slate, Meagher & Flom
60
Paul, Weiss, Rifkind, Wharton & Garrison
57
Clifford Chance 57
Goodwin Procter 55
DLA Piper 49
Most active in exits (IPO & acq.)
Source: PitchBook Source: PitchBook Source: PitchBook
Source: PitchBook Source: PitchBook
Source: PitchBook
32 PITCHBOOK 2015 ANNUAL GLOBAL PE & VC LEAGUE TABLES REPORT
SPONSORED BY
2015 LAW FIRMS BY VC SECTOR
Firm name Deal count
Gunderson Dettmer 386
Cooley 208
Wilson Sonsini Goodrich & Rosati
162
DLA Piper 128
Orrick Herrington & Sutcliffe 81
Goodwin Procter 64
Latham & Watkins 44
Fenwick & West 43
Perkins Coie 39
Morgan, Lewis & Bockius 35
O'Melveny & Myers 26
Jones Day 24
Dorsey & Whitney 15
Foley & Lardner 13
Dechert 12
Morris Manning & Martin 11
Sidley Austin 10
Pillsbury Winthrop Shaw Pittman
10
Most active in software
Firm name Deal count
Gunderson Dettmer 84
Cooley 44
DLA Piper 34
Wilson Sonsini Goodrich & Rosati
29
Goodwin Procter 23
Latham & Watkins 17
Orrick Herrington & Sutcliffe 13
Fenwick & West 12
Most active in commercial services
Firm name Deal count
Gunderson Dettmer 42
Cooley 14
DLA Piper 14
Wilson Sonsini Goodrich & Rosati
13
Goodwin Procter 10
Most active in consumer goods
Firm name Deal count
Gunderson Dettmer 49
Cooley 24
Wilson Sonsini Goodrich & Rosati
23
Latham & Watkins 14
Orrick Herrington & Sutcliffe 10
Most active in media
Firm name Deal count
Wilson Sonsini Goodrich & Rosati
58
Cooley 52
Gunderson Dettmer 37
DLA Piper 31
Dorsey & Whitney 20
Goodwin Procter 20
Morgan, Lewis & Bockius 15
Fenwick & West 10
Most active in healthcare services,
supplies & systems
Firm name Deal count
Wilson Sonsini Goodrich & Rosati
15
DLA Piper 6
Cooley 5
Gunderson Dettmer 4
Most active in energy
Firm name Deal count
Cooley 43
Gunderson Dettmer 34
Goodwin Procter 25
Wilson Sonsini Goodrich & Rosati
24
Latham & Watkins 23
DLA Piper 13
Most active in pharma & biotech
Firm name Deal count
Gunderson Dettmer 29
Cooley 17
DLA Piper 17
Wilson Sonsini Goodrich & Rosati
15
Most active in IT hardware
Firm name Deal count
Wilson Sonsini Goodrich & Rosati
25
Gunderson Dettmer 15
Latham & Watkins 11
Cooley 10
Most active in cleantech
Source: PitchBook
Source: PitchBook
Source: PitchBook
Source: PitchBook
Source: PitchBook
Source: PitchBook
Source: PitchBook
Source: PitchBook
Source: PitchBook
33 PITCHBOOK 2015 ANNUAL GLOBAL PE & VC LEAGUE TABLES REPORT
SPONSORED BY
2015 LAW FIRMS BY PE INDUSTRY
Firm name Deal count
Kirkland & Ellis 106
Jones Day 60
DLA Piper 46
Paul Hastings 44
Latham & Watkins 43
Weil, Gotshal & Manges 30
Stikeman Elliott 25
Honigman Miller Schwartz and Cohn
25
Paul, Weiss, Rifkind, Wharton & Garrison
23
Morgan, Lewis & Bockius 22
Willkie Farr & Gallagher 22
Allen & Overy 18
Squire Patton Boggs 18
Shearman & Sterling 17
Dechert 17
Ropes & Gray 16
Goodwin Procter 15
Hogan Lovells 15
Lamartine Conseil 15
Most active in B2B
Firm name Deal count
Kirkland & Ellis 50
Latham & Watkins 29
Jones Day 28
Ropes & Gray 23
DLA Piper 22
Travers Smith 22
Paul, Weiss, Rifkind, Wharton & Garrison
20
Clifford Chance 19
Allen & Overy 18
Linklaters 18
Weil, Gotshal & Manges 17
Paul Hastings 17
Morgan, Lewis & Bockius 16
Squire Patton Boggs 16
Goodwin Procter 15
Most active in B2C
Firm name Deal count
Kirkland & Ellis 41
DLA Piper 25
Goodwin Procter 22
Wilson Sonsini Goodrich & Rosati
18
Latham & Watkins 17
Jones Day 16
Shearman & Sterling 13
Cooley 13
Morgan, Lewis & Bockius 12
Paul Hastings 12
Squire Patton Boggs 12
Choate Hall & Stewart 11
Willkie Farr & Gallagher 11
Most active in IT
Firm name Deal count
Kirkland & Ellis 26
Latham & Watkins 25
Ropes & Gray 21
Paul Hastings 19
DLA Piper 18
Goodwin Procter 17
McDermott Will & Emery 16
Weil, Gotshal & Manges 12
Jones Day 12
Most active in healthcare
Firm name Deal count
Vinson & Elkins 23
Latham & Watkins 15
Jones Day 9
Thompson & Knight 6
Kirkland & Ellis 6
Weil, Gotshal & Manges 6
Shearman & Sterling 6
Sidley Austin 6
Most active in energy
Firm name Deal count
Kirkland & Ellis 22
Linklaters 16
Latham & Watkins 16
Clifford Chance 15
Jones Day 14
Willkie Farr & Gallagher 14
Skadden, Arps, Slate, Meagher & Flom
13
Most active in other industries
Source: PitchBook
Source: PitchBook
Source: PitchBook
Source: PitchBook
Source: PitchBook
Source: PitchBook
34 PITCHBOOK 2015 ANNUAL GLOBAL PE & VC LEAGUE TABLES REPORT
SPONSORED BY
Firm name Deal count
Audax Group 18
Kohlberg Kravis Roberts 12
Ontario Teachers' Pension Plan
12
ABRY Partners 9
Apollo Global Management 9
The Blackstone Group 9
The Carlyle Group 9
Genstar Capital 8
Apax Partners 7
Equistone Partners Europe 7
2015’s most active acquirers of global
PE-backed companies
ACQUIRERS
2015’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 2015 ANNUAL GLOBAL PE & VC LEAGUE TABLES REPORT
ACQUIRERS OF PE-BACKED COMPANIES BY DEAL LOCATION & TYPE
Firm name Deal count
Audax Group 15
Ontario Teachers' Pension Plan
10
ABRY Partners 8
Genstar Capital 8
Apollo Global Management 7
Roper Technologies 6
Apax Partners 5
Platte River Equity 5
TA Associates Management 5
Thoma Bravo 5
Most active in U.S.
Firm name Deal count
Equistone Partners Europe 7
BC Partners 6
Bpifrance 6
Naxicap Partners 6
Ardian Private Equity 5
Arkéa Capital Investissement 5
Bridgepoint 5
Cinven 5
CM-CIC Investissement 5
CVC Capital Partners 5
Endless 5
EQT Partners 5
Kohlberg Kravis Roberts 5
PAI Partners 5
Most active in Europe
Firm name Deal count
Fonds de solidarité FTQ 4
International Finance Corporation
3
Kohlberg Kravis Roberts 3
Baring Private Equity Asia 2
Caisse de dépôt et placement du Québec
2
Desjardins Capital régional et coopératif
2
GI Partners 2
InnVest Real Estate Investment Trust
2
Investissement Quebec 2
KingSett Capital 2
Telstra 2
The Abraaj Group 2
The Carlyle Group 2
Vista Corp Holdings 2
Vista Equity Partners 2
Most active in Rest of World
Firm name Deal count
Roper Technologies 6
Impax Laboratories 4
VSE 4
International Aerospace Coatings Holdings
3
Markit Group 3
New Media Investment 3
Nord Anglia Education 3
Precision Castparts 3
Technicolor 3
TerraForm Power 3
Valspar 3
Most active in mergers/acquisitions
Source: PitchBook
Source: PitchBook
Source: PitchBook
Source: PitchBook
36 PITCHBOOK 2015 ANNUAL GLOBAL PE & VC LEAGUE TABLES REPORT
SPONSORED BY
Firm name Deal count
Alphabet 11
International Business Machines
11
Microsoft 10
Amazon.com 7
Vista Equity Partners 7
Cisco Systems 6
Medtronic 6
ABRY Partners 4
Dropbox 4
Facebook 4
Twitter 4
Most active in U.S.
Firm name Deal count
Apple 3
EQT Partners 3
Recruit Holdings 3
Satellite Solutions Worldwide Group
3
Akamai Technologies 2
BlaBlaCar 2
Cirrus Logic 2
First Derivatives 2
Intel Corporation 2
Intrexon 2
Ipsen 2
LiveIntent 2
MyOptique Group 2
SanomaVentures 2
SevenVentures 2
Sierra Wireless 2
Silicon Laboratories 2
Sodalis 2
Ströer Media 2
Most active in Europe
Firm name Deal count
58.com 2
BlueFocus Shanghai Investment
2
Box 2
Didi Kuaidi 2
Freshdesk 2
Intuit 2
Just Eat 2
Microsoft 2
Ola 2
Opera Software 2
Snapdeal 2
Synopsys 2
Most active in Rest of World
Firm name Deal count
Vista Equity Partners 7
ABRY Partners 4
Bain Capital 4
EQT Partners 4
Most active in buyouts
Firm name Deal count
Microsoft 13
Alphabet 11
International Business Machines
11
Amazon.com 8
Cisco Systems 8
Medtronic 7
Apple 6
Twitter 5
Dropbox 4
EMC 4
Facebook 4
Sprinklr 4
Synopsys 4
Most active in mergers/acquisitions
ACQUIRERS OF VC-BACKED COMPANIES BY DEAL LOCATION & TYPE
Firm name Deal count
Microsoft 13
Alphabet 11
International Business Machines
11
Amazon.com 8
Cisco Systems 8
Medtronic 7
Vista Equity Partners 7
Apple 6
Twitter 5
Most active global
Source: PitchBook
Source: PitchBook
Source: PitchBook
Source: PitchBook
Source: PitchBook
Source: PitchBook
37 PITCHBOOK 2015 ANNUAL GLOBAL PE & VC LEAGUE TABLES REPORT
SPONSORED BY
Contact PitchBook
pitchbook.com
RESEARCH [email protected]
EDITORIAL [email protected]
SALES [email protected]
YOUR JOURNEY TO STRONGER RETURNS STARTS HERE
With data on:
Companies
Investors
Deals
M&A
Limited partners
Funds
Financials
Advisors
People
Request a free trial
US +1 206.623.1986
UK +44 (0)207.190.9809
pitchbook.com
The PitchBook Platform for private equity
• Strengthen your LP relationships
• Build a better portfolio
• Exit efficiently and successfully
• Elevate your firm with award-winning technology
