Every now and then, it’s always a good idea to take account of the most active investors by the numerous dimensions one can slice the data. Here’s a look according to the most recent information out of private equity data provider Pitchbook.
Most Active Globally
Before looking, which companies would you guess were most active in Q3 2021 across the world? Interestingly, the top of the list is Shore Capital Partners, with 58 deals. Behind Shore Capital Partners lead is Harbour Vest Partners at 53, TA Associates at 47, The Carlyle Group at 47, and EQT at 44.
Most Active in the U.S.
Shifting to a view of just the U.S., the top company is the same as the top company globally – Shore Capital Partners at 58. In second place is The Carlyle Group at 30 (this means 30 of the 47 deals completed by The Carlyle Group were in the U.S). Rounding out the top 5 are Ares Management at 27, TA Associates Management at 25, and Audax Group at 25.
Most Active Outside of the U.S.
Moving to the most active private equity investors outside the U.S., the top company on the list is Kohlberg Kravis Roberts at 10. The next three top investors are the Government of Singapore Investment Corporation (GIC), BDC Capital, and The Carlyle Group. These three each made 6 investments in the third quarter. The fifth spot belongs to a number of companies with 4 investments, including TPG, General Atlantic, Investissement Quebec, Novacap, Canadian Business Growth Fund, TA Associates Management, and EQT.
Exits
Shifting to exits, the following table looks at the most active companies globally, in the U.S., and in Europe. Are you surprised by which companies show up on top?
On the most active globally, Advent International shows up on top at 10. The second-place spot has three companies with six exits – Canada Pension Plan Investment Board, EQT, and HarbourVest Partners. Rounding out the top five is Warburg Pincus at 5.
Looking at the most active for exits in the U.S., the top of the list includes HarbourVest Partners at 6, Advent International at 5, and a host of companies at 3. The companies with three investments include Brookside Capital Partners, TPG, Apollo Global Management, PNC Erieview Capital, Summit Partners, AEA Investors, and The Carlyle Group.
The last look is the most active in Europe. The top five include EQT at 5, BGF at 4, Bpifrance at 4, Credit Mutuel Equity at 4, and a number of companies at 3. The companies with three include Nordic Entertainment Group, LDC, Langholm Capital, Nordic Capital, and Mutares.
Summing Up
Overall, Pitchbook’s accounting of private equity activity is long, with some surprising activity from some of the best investors in the world. May the coming year treat private equity investors and companies that seek the investment as well as 2021.
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