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2016 GLOBAL
PRIVATE EQUITYINVESTMENT ACTIVITYAccording to Mergermarket data, private equityremained stable with regard to value as well asnumber of recorded transactions within the lastthree years. In 2016, buyouts increased 2.7% byvalue, while exits went down by 6.0%, comparedto the previous year’s numbers. TMT ended updominating the sector breakdown with a 24.5%global buyout market share.
BUYOUTSValue Breakdown Volume Breakdown
Buyout Type2016 vs. 2015
EXITS
Value Breakdown Volume Breakdown
TOP BUYOUTS
TOP EXITS
A Consortium led byMacquarie Infrastructure
and Real Assets
Industry FundsManagement;
AustralianSuper
Apollo GlobalManagement
US$ 14.4B
US$ 12.6B
US$ 12.3B
National Grid GasDistribution (61%
Stake)
Ausgrid (50.4%Stake)
The ADT Corporation
1.
2.
3.
Kohlberg Kravis Roberts &Co; TPG Capital; GS
Capital Partners
CVC Capital Partners; Waddell& Reed Financial; BlackRock;
Norges Bank
Partners Group Holding; StarrInvestment Holdings
NextEra Energy
Liberty MediaCorporation
Hellman & Friedman;Leonard Green & Partners;
GIC Private
1.
2.
3.
2016 vs. 2015
TOP PE DEALS
PE ACTIVITY BY REGION
PE ACTIVITY BY SECTOR
539 DEALSUS$ 98.0B
1. TECH, MEDIA & TELECOM
154 DEALSUS$ 76.6B
2. ENERGY, MINING & UTILITIES
532 DEALSUS$ 50.7B
459 DEALSUS$ 40.1B
4. BUSINESS SERVICES
381 DEALSUS$ 27.5B
3. INDUSTRIALS & CHEMICALS
TOP PE SUB-SECTORS
LEAGUE TABLES
RBC Capital Markets 19 DEALSUS$ 51.0B1.
FINANCIAL ADVISORS TO PE FIRMS
LEGAL ADVISORS TO PE FIRMS
Macquarie Group 19 DEALSUS$ 37.8B2.
Barclays 23 DEALSUS$ 30.7B3.
Bank of AmericaMerrill Lynch
19 DEALSUS$ 28.3B4.
Citi 21 DEALSUS$ 26.4B5.
132.9%8
6
9
5
3
26.5%
2015RANKING
DEALVALUE
DEALVOLUME VALUE CHANGECOMPANY NAME
60.0%
-9.6%
-34.0%
Kirkland & Ellis 155 DEALSUS$ 42.0B1.
Simpson Thacher &Bartlett
81 DEALSUS$ 41.2B2. Latham & Watkins
39 DEALSUS$ 31.7B3.
Herbert SmithFreehills
38 DEALSUS$ 28.3B4. Clifford Chance
15 DEALSUS$ 27.2B5.
25.2%1
3
5
4
23
42.3%
2015RANKING
DEALVALUE
DEALVOLUME VALUE CHANGECOMPANY NAME
21.3%
2.9%
167.2%
BITTER COMPANY TARGET COMPANY TARGETREGION DEAL VALUE
in US$ Billion
in US$ Billion
Energy, on the other hand, has been the mostpopular sub-sector among PE investors in 2016with a 13.2% market share. North America, theleading region based on the total buyout value,took over 40.7% of the market activity, whileEurope recorded the largest number oftransactions, falling behind North America with a29.8% market share by value.
IPO Exit
Exit Type
US$ 35.9B247 DEALS
BY VALUE2.7%
BY VOLUME4.7%
NORTHAMERICA
C & SAMERICA
AFRICA &MIDDLE EAST
EUROPE
ASIA-PACIFICUS$ 162.8B1077 DEALS
US$ 119.1B1223 DEALS
US$ 103.5B407 DEALS
US$ 8.2B54 DEALS
US$ 6.4B68 DEALS
5. CONSUMER
TARGET DOMINANTSECTOR
United Kingdom
Australia
USA
Utilities
Energy
Industrialproducts and
services
SELLER COMPANY BIDDER COMPANY TARGET COMPANY
Energy FutureHoldings Corporation
Formula One Group
MultiPlan
US$ 18.4B
US$ 7.8B
US$ 7.5B
DEAL VALUE
UP
BY VALUE6.0%
DOWNBY VOLUME
3.0%
DOWN
6.
7.
8.
9.
10.
1.
2.
3.
4.
5.
TOP 10 MOST ACTIVE PE COMPANIES
The Carlyle Group 29 DEALS US$ 7.4B
DEAL VALUEDEAL VOLUMEPE COMPANY
Kohlberg Kravis Roberts & Co
Sequoia Capital
Warburg Pincus
Ardian
TPG Capital
EQT Partners
25 DEALS
25 DEALS
22 DEALS
21 DEALS
20 DEALS
20 DEALS
17 DEALS
15 DEALS
15 DEALS
US$ 13.9B
US$ 4.9B
US$ 4.1B
US$ 7.7B
US$ 8.1B
US$ 2.0B
US$ 20.3B
US$ 10.5B
US$ 484M
GIC
Temasek Holdings
LDC
UP
Source: Mergermarket
Based on announced deals, excluding lapsed and withdrawn bids (except LA's League Table).Includes all deals valued over USD 5m. Where deal value is not disclosed, deal has been entered based on turnover of target exceeding USD 10m.Data run from 01/01/2016 to 12/31/2016. Data correct as of 01/03/2016.
PE Activity By Region, PE Activity By Sector, Top 10 Most Active PE Companies, FA & LA LTs consist of investments made directly by PE firms(excluding exits, as well as investment made by PE portfolio companies.)
