| |
| In today's Daily Pitch, you'll find: | | | | | |
| |
| |
| Public US private equity firms focus on fundraising, deployment efforts in Q2 | | Publicly traded PE firms remained optimistic in their Q2 earnings calls, with a majority emphasizing fundraising and capital deployment efforts. As inflation rises and firms grapple with economic headwinds, demand has increased considerably for inflation-protecting strategies including floating-rate corporate credit, real estate and infrastructure. Our recent analyst note breaks down key data behind US PE firms' earnings in Q2 2022. Takeaways include: - The firms are likely to see more chances to make domestic and international platform acquisitions, given the strong US dollar and slowing economy. They're expected to favor targets with significant origination franchises in large markets, such as North America, Europe and Asia.
- Q2 reinforced that deal activity and portfolio realizations are likely to be modestly lower, fundraising from LPs may be somewhat slower, and buyout-fund competition should remain elevated.
- Public PE firms continue to add asset product lines—PE, real estate, credit, infrastructure, insurance and retail—to diversify and grow revenue.
| | | | | | | | | Ranking the most active investors of Q2 | | The private equity and venture capital ecosystems have shown resilience through an uncertain year. While macro headwinds hampered dealmaking to some extent, investors are still finding areas of opportunity.
Curious who led the way last quarter? PitchBook's interactive Global League Tables are now available for Q2 2022, spanning the full spectrum of private market activity. The tables break down the most active investors by region, industry, deal type and more, along with ranking advisers, acquirers and law firms. | | | | | | | |
| |
| A message from DealCloud, by Intapp | | |
| Empower dealmakers with connected relationship data | | Strategic relationship facilitation and a strong understanding of outcome-driven analytics are vital to the delivery of successful results. And in an age when new connections are more attainable than ever before, the ability to manage a dealmaker's complex web of relationships can no longer be managed by manual processes alone.
Capital markets firms need a single source of truth that automates relationship intake, identifies opportunities for new connections and deal origination, customizes the platform experience to meet each firm's unique requirements, and proactively offers insights and analytics for dealmakers to act on. DealCloud, the industry-minded pipeline management solution for capital markets professionals, has built an extensive relationship management suite designed with features that deliver meaningful relationship intelligence and outcomes.
Download the relationship management suite brochure | | | | | | | |
| |
| European VC public listing retreat drags down valuations | |  | | (John Blottman/Shutterstock) | | | As investors and VC-backed companies shy from public market exits, valuations for public listings have fallen by a substantial amount.
The median price tag declined 56.9% in H1 2022 from last year, and with a recession in sight, numbers could fall further. | | | | | | | | | | A bumper year for M&A dealmaking could result in a painful hangover as companies try to keep doing business in a new world. [The Economist]
Mapping out the most business-friendly states in the US. [Visual Capitalist]
The SPAC winter is so bad that one advisory firm has opened a liquidation business. [Bloomberg] | | | | | |
| |
| |
| | Since yesterday, the PitchBook Platform added: | | 380 Deals | 1953 People | 579 Companies | 40 Funds | | | | | | |
| |
| |
| |
| |
| |
| |
| 2015 Vintage Global Real Estate Funds | | | | | | |
| |
| |
| Zilliz adds $60M to Series B | | | Zilliz has raised a $60 million Series B extension, bringing the round's total to $103 million. Prosperity7 Ventures led the new financing for the San Francisco-based vector database company. | | | | | | | Carbon Direct raises $60M | | | | | | | | | | | | | | | Lily AI picks up $25M Series B | | | | | | | | | | | | | | | DrivenIQ raises $15M Series A | | | DrivenIQ has raised $15 million in a round backed by Capstone Technologies Group. Based in Maryland, the company uses consumer data to provide marketing solutions for small, medium and enterprise businesses. | | | | | |
| |
| |
| EQT, KKR short-listed for $10B Global Switch deal | | | | | | | | Nautic Partners adds on Crist Group | | | | | | | | Huron Capital sells Pueblo to OMERS | | | | | | | | Offen acquires G&S Oil Products wholesale division | | | | | | | | New State Capital picks up Afimac Global | | | | | | | | Aurora finalizes Sharps take-private | | | | | | |
| |
| |
| Singapore's Keppel to buy KKR-backed Super 800 | | | Singaporean conglomerate Keppel has agreed to purchase an 80% stake in waste collector 800 Super Holdings for 304 million Singapore dollars (about $218 million), according to reports. 800 Super CEO William Lee will retain the remaining 20% stake. The deal values the company at roughly 380 million Singapore dollars. Last week, Macquarie Asset Management and KKR, which financed the company's management buyout in 2019, were reported to be among those hoping to purchase 800 Super. | | | | | |
| |
| |
| Cyberstarts wraps up $60M | | | Cyberstarts has closed its Seed Fund III on $60 million. The vehicle, which will target early-stage cybersecurity companies, brings the Israeli VC firm's AUM to $374 million. | | | | | |
| |
| |
"European exit value reached €25.8 billion in H1 2022, continuing the regression from a bumper 2021. At its current pace, exit value is on course to fall from the €136.5 billion produced in 2021, but could register the second highest figure on record at the year's conclusion."
Source: Q2 2022 European Venture Report | | | | | |
| |
No comments:
Post a Comment