2q 2012 private equity and venture capital presentation deck, published by pitchbook data
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PitchBook has published the 2Q 2012 Private Equity Trends Presentation Deck. Powered by the PitchBook Platform, this comprehensive slide deck includes fund returns data as well as data on investment, exit and fundraising activity, with a focus on trends that emerged during 1Q 2012. Please feel free to utilize these slides for conferences, board meetings and other PE-related presentations.TRANSCRIPT
Private Equity Trends 2Q 2012Presentation Slide Deck
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2011 PE Investment on Par with 2010Number of Deals Closed (red line) and Total Capital Invested by
Year (blue bars)
Source:PitchBook
The private equity industry was quieter in 1Q, but 2012 is still very young …
Source:PitchBook
A Slowdown in Private Equity Investment was Not Completely Unexpected
Number of Deals Closed and Total Capital Invested by Quarter
Source:PitchBook
IT Increases Share of Activity in 2012Percentage of Deal Volume (count) by Industry
*Through 3/31/2012*
Source:PitchBook
Capital Investments Were Led by B2B, Followed by IT
Percentage of Deal Volume (capital) by Industry
* *Through 3/31/2012
Source:PitchBook
Mega Deals ($2.5B+) are Waiting for the Right Time to Execute
Percentage of Deal Volume (capital) by Deal Size Range
*Through 3/31/2012
Source:PitchBook
Let’s take a closer look at the deals that have closed…
Source:PitchBook
Median Buyout Size Continues Upward Trend
Median Capital Invested in U.S. PE Transactions
*
*Through 3/31/2012
Source:PitchBook
Buyout Multiples Hold at 8xEBITDA Multiples of Buyout Transactions
*Through 3/31/2012
Source:PitchBook
First Time Add-ons Accounted for More than Half of Buyouts
Add-on Deals as Percentage of Buyout Deals
*Through 3/31/2012
Source:PitchBook
Slide 3 – PE deal flow by yearClick to customize chart in PitchBook
Slide 5 – PE deal flow by quarterClick to customize chart in PitchBook
Slide 6 – PE deal flow (count) by industry by yearClick to customize chart in PitchBook
Slide 7 – PE deal flow (capital) by industry by yearClick to customize chart in PitchBook
Slide 8 – PE deal flow (capital) by size bucketClick to customize chart in PitchBook
Links for PitchBook Deal Flow ChartsPitchBook users can click the links below to load the corresponding chart directly into the
PitchBook Platform for further customization
How to view in PitchBook:1) Right click on the link 2) click ‘open hyperlink’3) Log-in to PitchBook
Source:PitchBook
While PE investments slowed in 1Q 2012, PE exits have held steady thus far.
Source:PitchBook
112 Exits in 1Q 2012 on Par with 2011 Average
Quarterly PE Exits by Corporate Acquisition, IPO and Secondary Sale
Source:PitchBook
Median Secondary Buyout Size Increase by 8% in 1Q
Median Exit Size ($M)
*Through 3/31/2012
Source:PitchBook
Slide 15 – PE Exits (count) Click to customize chart in PitchBook
Slide 16 – PE Median Exit SizeClick to customize chart in PitchBook
Links for PitchBook Deal Flow ChartsPitchBook users can click the links below to load the corresponding chart directly into the
PitchBook Platform for further customization
How to view in PitchBook:1) Right click on the link 2) click ‘open hyperlink’3) Log-in to PitchBook
Source:PitchBook
PE exits, however, still need to increase to drive down the aging company inventory.
Source:PitchBook
PE Exits Will Stay Strong in 2012 with 4,000 Portfolio Companies 3 Years or Older to Exit
Number of U.S. Private Equity Company Inventory by Deal Year
Source:PitchBook
Company Hold Time Continues to Increase
Median Time from Buyout to Exit
*Through 3/31/2012
Source:PitchBook
PE fundraising continues to be sluggish as capital is tied up in previous commitments.
Source:PitchBook
U.S. PE Fundraising Continues to be Challenging Number of Funds Closed and Total Capital Raised by
Quarter
Source:PitchBook
Mega-Funds Have Not Closed Since 2010Percentage of U.S. P.E. Funds (count) by Fund Size
*Through 3/31/2012
Source:PitchBook
Funds are Closing FasterAverage Time to Close U.S. PE Funds
*Through 3/31/2012
Source:PitchBook
Average Fund Size Trends Upward, but Sits Below $1B without Mega Funds Closing
Average Fund Size ($M)
*Through 3/31/2012
Source:PitchBook
Slide 22 – PE fundraising by quarterClick to customize chart in PitchBook
Slide 23 – PE fundraising (count) by size bucketClick to customize chart in PitchBook
Links for PitchBook Deal Flow ChartsPitchBook users can click the links below to load the corresponding chart directly into the
PitchBook Platform for further customization
How to view in PitchBook:1) Right click on the link 2) click ‘open hyperlink’3) Log-in to PitchBook
Source:PitchBook
Additional Charts
Source:PitchBook
The Midwest Leads PE Deal Flow with 72 Deals
Percentage of Deal Volume (count) by Region
Source:PitchBook
B2B and B2C Account for 51% of PE Deal Activity
Percentage of Deal Volume (count) by Industry
Source:PitchBook
Deals Under $250M Account for 83% of Deal Flow
Percentage of Deal Volume (count) by Deal Size Range
*Through 3/31/2012
Source:PitchBook
Exit Strategies Stay Consistent with Long Term Averages
Percentage of P.E. Exit Volume (count) by Exit Type
Source:PitchBook
Funds Under $1B Account for Increased Share of Fundraising
Percentage of U.S. P.E. Funds (capital) by Fund Size
*Through 3/31/2012
Source:PitchBook
Links for PitchBook Deal Flow ChartsPitchBook users can click the links below to load the corresponding chart directly into the
PitchBook Platform for further customization
Slide 28 – PE deal flow (count) by regionClick to customize chart in PitchBook
Slide 29 – PE deal flow (count) by industryClick to customize chart in PitchBook
Slide 30 – PE deal flow (count) by size bucketClick to customize chart in PitchBook
Slide 31 – PE Exits % (count)Click to customize chart in PitchBook
Slide 32 – PE fundraising (capital) by size bucketClick to customize chart in PitchBook
How to view in PitchBook:1) Right click on the link 2) click ‘open hyperlink’3) Log-in to PitchBook
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