2015 Annual Global PE VC League Tables Report

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    2015

    Annual

    LEAGUE

    TABLES

    PE & VC GLOBAL

    REPORT

    Most active

    PE rms

    in 2015

    Most active

    VC rms

    of 2015 bysector

    6 21Top law

    rms for VC

    & PE deals

    32 Sponsored

    by

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    Credits & Contact

    PitchBook Data, Inc.

    JOHN GABBERTFounder, CEO

    ADLEY BOWDENVice President,

    Market Development & Analysis

    Content

    GARRETT JAMES BLACK Senior Analyst

    BRIAN LEE Data Analyst

    JENNIFER SAM Senior Graphic Designer

    JESS CHAIDEZ Graphic Designer

    Contact PitchBook

    pitchbook.com

    RESEARCH

    [email protected]

    EDITORIAL

    [email protected]

    SALES

    [email protected]

    COPYRIGHT 2016 by PitchBook Data,Inc. All rights reserved. No part of thispublication may be reproduced in anyform or by any meansgraphic, electronic,or mechanical, including photocopying,recording, taping, and information storageand retrieval systemswithout the expresswritten permission of PitchBook Data, Inc.Contents are based on information fromsources believed to be reliable, but accuracyand completeness cannot be guaranteed.

    Nothing herein should be construed as anypast, current or future recommendation tobuy or sell any security or an offer to sell, ora solicitation of an offer to buy any security.This material does not purport to containall of the information that a prospectiveinvestor may wish to consider and is not tobe relied upon as such or used in substitutionfor 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

    3PITCHBOOK 2015 ANNUAL GLOBAL PE & VC LEAGUE TABLES REPORT

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    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 rened

    our methodology somewhat; one of the more important changes to note is the

    fact that venture capital rankings do not include VC nancings 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 reect

    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 BL ACK

    Senior Analyst

    MAKE WAY FO R

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    RR Donnelley is the sponsor of the 2015 Annual Global PE & VC League Tables Report. All informationcontained 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 expresslydisclaims all liability in respect to actions taken or not taken based on any or all the content herein.

    INTRODUCTION

    4PITCHBOOK 2015 ANNUAL GLOBAL PE & VC LEAGUE TABLES REPORT

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    METHODOLOGY

    LEAGUE TABLESAll league tables are compiled using the count of completed

    deals for the specied deal type, region and/or other

    criteria.

    PRIVATE EQUITY DEALSThe 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 dened as transactions in which the PE investor

    receives a controlling ownership stake in the target

    company. Growth deals are dened as minority investments.

    Add-on deals are dened as acquisitions by companies with

    private equity backing.

    VENTURE CAPITAL DEALSThis 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 classications, nancings

    by investors such as corporate VC arms are included.

    LENDERS

    Lender league tables look at completed PE deals the lender

    provided debt nancing for in a given time period or region.

    The transaction must involve equity provided by a PE rm.

    In league tables for debt-only nancings, the transaction

    must involve debt nancing 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. REGIONSWest 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]@pitchbook.com.

    5PITCHBOOK 2015 ANNUAL GLOBAL PE & VC LEAGUE TABLES REPORT

    mailto:[email protected]:[email protected]:[email protected]:[email protected]
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    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

    Plan36

    Ardian Private Equity 35

    2015s most active global PE investors

    PRIVATE EQUITY FIRMS

    2015s 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: PitchBoo

    6PITCHBOOK 2015 ANNUAL GLOBAL PE & VC LEAGUE TABLES REPORT

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    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

    Plan3

    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: PitchBoo

    Source: PitchBoo

    Source: PitchBoo

    7PITCHBOOK 2015 ANNUAL GLOBAL PE & VC LEAGUE TABLES REPORT

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    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

    Arka Capital Investissement 10

    BNP Paribas Dveloppement 10

    Value8 10

    Most active in Central & Eastern Europ

    Firm name Deal count

    International Finance

    Corporation18

    Kohlberg Kravis Roberts 18

    Resource Capital Funds 14

    The Carlyle Group 13

    TPG Capital 12

    Bain Capital 11

    The Abraaj Group 11

    Caisse de dpt et placement

    du Qubec9

    Canada Pension Plan

    Investment Board9

    Warburg Pincus 9

    Most active in France & Benelux

    Firm name Deal count

    Business Growth Fund 43

    Lloyds Development Capital 24

    Maven Capital Partners 22

    Inexion 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

    Partners5

    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: PitchBoo

    Source: PitchBoo

    Source: PitchBoo

    8PITCHBOOK 2015 ANNUAL GLOBAL PE & VC LEAGUE TABLES REPORT

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    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

    Corporation22

    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

    Management13

    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

    Partners9

    Building Industry Partners 9

    Cambria Group 9

    Most active South

    Source: PitchBook

    Source: PitchBook

    Source: PitchBook

    Source: PitchBook

    Source: PitchBook Source: PitchBoo

    Source: PitchBoo

    Source: PitchBoo

    9PITCHBOOK 2015 ANNUAL GLOBAL PE & VC LEAGUE TABLES REPORT

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    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

    Inexion 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

    Partners6

    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

    Plan36

    Onex 26

    Government of Singapore

    Investment Corporation21

    Caisse de dpt et placement

    du Qubec18

    Canada Pension Plan

    Investment Board17

    Temasek Holdings 14

    OMERS Private Equity 12

    Most active Rest of World

    Source: PitchBook

    Source: PitchBook

    Source: PitchBook

    Source: PitchBook

    Source: PitchBook

    Source: PitchBoo

    Source: PitchBoo

    Source: PitchBoo

    10PITCHBOOK 2015 ANNUAL GLOBAL PE & VC LEAGUE TABLES REPORT

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    2015 PE INVESTORS BY

    FIRM AUM

    Most 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

    Crdit Agricole 8

    iXO Private Equity 8

    Victory Park Capital 8

    Most active $250M-$500M

    Most active $1B-$5B

    Most active

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    2015 PE INVESTORS BY

    DEAL TYPE

    Most 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

    Corporation10

    Kohlberg Kravis Roberts 10

    Catterton 7

    Kayne Anderson Capital

    Advisors7

    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

    Plan9

    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

    Plan24

    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: PitchBoo

    12PITCHBOOK 2015 ANNUAL GLOBAL PE & VC LEAGUE TABLES REPORT

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    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 fnancial 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

    Plan10

    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 &

    Stowe9

    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: PitchBoo

    Source: PitchBoo

    13PITCHBOOK 2015 ANNUAL GLOBAL PE & VC LEAGUE TABLES REPORT

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    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

    Partners9

    GTCR Golder Rauner 8

    Ares Capital 8

    NewSpring Capital 7

    Providence Equity Partners 7

    Welsh, Carson, Anderson &

    Stowe7

    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

    Inexion 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

    Investments6

    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: PitchBoo

    14PITCHBOOK 2015 ANNUAL GLOBAL PE & VC LEAGUE TABLES REPORT

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    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 Caueld &

    Byers75

    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

    2015s most active global VC investors

    VENTURE CAPITAL FIRMS

    2015s 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: PitchBoo

    15PITCHBOOK 2015 ANNUAL GLOBAL PE & VC LEAGUE TABLES REPORT

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    2015 VC INVESTORS BY

    DEAL STAGE

    Most active at seed/angel Most active at early stage Most active at late stage

    Firm name Deal count

    500 Startups 84

    Social Starts 47

    Vctor Fernndez Mass 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 Caueld &

    Byers35

    Index Ventures 32

    Data Collective 31

    Lightspeed Venture Partners 30

    Wavemaker Partners 30

    Qualcomm Ventures 30

    IDG Capital Partners 29

    High-Tech Grnderfonds 29

    Lerer Hippeau Ventures 28

    Social Starts 27

    SAIF Partners 27

    True Ventures 27

    Source: PitchBoo

    Firm name Deal count

    Sequoia Capital 63

    New Enterprise Associates 45

    Accel Partners 43

    Kleiner Perkins Caueld &

    Byers34

    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

    16PITCHBOOK 2015 ANNUAL GLOBAL PE & VC LEAGUE TABLES REPORT

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    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 Caueld &

    Byers66

    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

    Partners16

    Hyde Park Angels 15

    Queen City Angels 14

    Pritzker Group Venture

    Capital14

    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

    Partners13

    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 Caueld &

    Byers46

    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

    Network7

    Hatteras Venture Partners 6

    SCRA Technology Ventures 6

    Most active in Southeast

    Firm name Deal count

    Peak Ventures Capital 14

    Service Provider Capital 13

    Cultivation Capital 13

    Desert Angels 13

    Foundry Group 12

    Missouri Technology

    Corporation12

    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: PitchBoo

    Source: PitchBook

    Source: PitchBook

    Source: PitchBoo

    Source: PitchBoo

    17PITCHBOOK 2015 ANNUAL GLOBAL PE & VC LEAGUE TABLES REPORT

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    2015 VC INVESTORS BY

    DEAL LOCATION

    Firm name Deal count

    Finnvera Venture Capital 51

    High-Tech Grnderfonds 46

    Enterprise Ireland 42

    Bpifrance 40

    Vctor Fernndez Mass 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

    Network19

    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 Europ

    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

    Investors9

    Seventure Partners 9

    Most active in France & Benelux

    Firm name Deal count

    Enterprise Ireland 42

    Vctor Fernndez Mass 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 Grnderfonds 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

    Network18

    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: PitchBookSource: PitchBook

    Source: PitchBoo

    Source: PitchBoo

    Source: PitchBoo

    Source: PitchBook

    18PITCHBOOK 2015 ANNUAL GLOBAL PE & VC LEAGUE TABLES REPORT

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    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 Caueld &

    Byers75

    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

    Capital27

    ARCH Venture Partners 25

    Drummond Road Capital 22

    Jeff Heitzman 22

    Chicago Ventures 19

    Wisconsin Investment

    Partners19

    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 Caueld &

    Byers75

    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: PitchBoo

    Source: PitchBoo

    Source: PitchBoo

    19PITCHBOOK 2015 ANNUAL GLOBAL PE & VC LEAGUE TABLES REPORT

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    2015 VC INVESTORS BY

    FIRM HEADQUARTERS

    Firm name Deal count

    Index Ventures 63

    Finnvera Venture Capital 53

    High-Tech Grnderfonds 47

    Kima Ventures 47

    Enterprise Ireland 44

    Bpifrance 41

    Vctor Fernndez Mass 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

    Maxeld 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 Grnderfonds 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

    Network20

    Sunstone Capital 19

    Tekes 15

    Lifeline Ventures 14

    Most active Nordic

    Firm name Deal count

    Vctor Fernndez Mass 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: PitchBoo

    Source: PitchBoo

    Source: PitchBoo

    20PITCHBOOK 2015 ANNUAL GLOBAL PE & VC LEAGUE TABLES REPORT

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    2015 VC INVESTOR EXITS

    BY COMPANY HQ

    Firm name Deal count

    SV Angel 31

    Western Technology

    Investment28

    New Enterprise Associates 27

    500 Startups 27

    Sequoia Capital 26

    Intel Capital 25

    Kleiner Perkins Caueld &

    Byers23

    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

    Investment24

    Kleiner Perkins Caueld &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 Grnderfonds 9

    Verdane Capital 8

    CM-CIC Capital Priv 6

    Albion Ventures 6

    Edmond de Rothschild

    Investment Partners6

    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: PitchBoo

    22PITCHBOOK 2015 ANNUAL GLOBAL PE & VC LEAGUE TABLES REPORT

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    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

    2015s most active lenders global

    LENDERS

    2015s Most Active Lenders 23

    Lenders by PE Deal Location & Firm HQ 24

    Lenders by Deal Type & Industry 25

    Contents

    Source: PitchBoo

    23PITCHBOOK 2015 ANNUAL GLOBAL PE & VC LEAGUE TABLES REPORT

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    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

    Crdit Agricole 11

    Barclays 10

    Crdit 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

    Pacic Road Capital

    Management2

    UBS 2

    Scotiabank Global Banking

    and Markets2

    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

    Crdit 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

    Crdit Mutuel 3

    Most active Rest of World

    Source: PitchBook

    Source: PitchBook

    Source: PitchBoo

    Source: PitchBook Source: PitchBook

    Source: PitchBoo

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    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 fnancings

    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

    Banking5

    CIT Group 5

    Most active in healthcare

    Firm name Deal count

    Deutsche Bank 4

    Sumitomo Mitsui Banking 3

    BNP Paribas 3

    Crdit Agricole 3

    Citizens Financial Group 2

    Ally Corporate Finance 2

    Most active in energy

    Source: PitchBook

    Source: PitchBook

    Source: PitchBoo

    Source: PitchBook

    Source: PitchBook

    Source: PitchBoo

    Source: PitchBook Source: PitchBoo

    25PITCHBOOK 2015 ANNUAL GLOBAL PE & VC LEAGUE TABLES REPORT

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    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

    2015s most active global PE I-banks

    ADVISORS, IBANKS &

    PLACEMENT AGENTS

    2015s Most Active I-banks 26

    I-banks, Advisors & Accountants

    by Deal Location

    27

    I-banks, Advisors & Accountants

    by Deal Type28

    Contents

    Source: PitchBoo

    26PITCHBOOK 2015 ANNUAL GLOBAL PE & VC LEAGUE TABLES REPORT

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    2015 IBANKS 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

    Claireld 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: PitchBoo

    Source: PitchBook Source: PitchBook

    Source: PitchBoo

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    2015 IBANKS 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 &

    Smith21

    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 &

    Rosati12

    Numis Securities 11

    PE & VC-backed IPOs

    Firm name Deal count

    Latham & Watkins 80

    Kirkland & Ellis 75

    Cooley 72

    Wilson Sonsini Goodrich &

    Rosati70

    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: PitchBoo

    Source: PitchBookSource: PitchBook Source: PitchBook

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    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

    2015s most active VC law frms globa

    LAW FIRMS

    2015s 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: PitchBoo

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    LAW FIRMS BY VC DEAL

    LOCATION

    Firm name Deal count

    Gunderson Dettmer 657

    Cooley 462

    Wilson Sonsini Goodrich &

    Rosati381

    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 &

    Rosati39

    Morgan, Lewis & Bockius 22

    Goodwin Procter 21

    Orrick Herrington & Sutcliffe 19

    Latham & Watkins 19

    Sheppard Mullin Richter &

    Hampton16

    Most active in Mid-Atlantic

    Firm name Deal count

    Gunderson Dettmer 376

    Wilson Sonsini Goodrich &

    Rosati289

    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 &

    Rosati7

    Most active in Great Lakes

    Firm name Deal count

    DLA Piper 24

    Wilson Sonsini Goodrich &

    Rosati18

    Cooley 12

    Gunderson Dettmer 7

    Baker, Donelson, Bearman,

    Caldwell & Berkowitz4

    Most active in South

    Firm name Deal count

    Gunderson Dettmer 32

    Jones Day 27

    Orrick Herrington & Sutcliffe 25

    Dechert 16

    Cuatrecasas, Gonalves

    Pereira10

    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 &

    Rosati14

    Orrick Herrington & Sutcliffe 11

    Derraik & Menezes

    Advogados8

    Cooley 8

    O'Melveny & Myers 8

    Most active in Rest of World

    Source: PitchBook

    Source: PitchBook

    Source: PitchBoo

    Source: PitchBook

    Source: PitchBoo

    Source: PitchBookSource: PitchBook

    Source: PitchBoo

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    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

    & Garrison57

    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 Cohn17

    DLA Piper 15

    Latham & Watkins 14

    Goodwin Procter 14

    Paul, Weiss, Rifkind, Wharton

    & Garrison14

    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

    & Garrison15

    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 &

    Rosati15

    Most active in West Coast

    Source: PitchBook

    Source: PitchBook

    Source: PitchBook

    Source: PitchBook

    Source: PitchBook

    Source: PitchBoo

    Source: PitchBoo

    Source: PitchBookSource: PitchBoo

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    2015 LAW FIRMS BY VC

    DEAL TYPE

    Firm name Deal count

    Gunderson Dettmer 414

    Cooley 248

    Wilson Sonsini Goodrich &

    Rosati166

    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 &

    Rosati172

    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 &

    Rosati75

    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

    & Garrison16

    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 & Flom60

    Paul, Weiss, Rifkind, Wharton

    & Garrison57

    Clifford Chance 57

    Goodwin Procter 55

    DLA Piper 49

    Most active in exits (IPO & acq.)

    Source: PitchBookSource: PitchBook

    Source: PitchBoo

    Source: PitchBook Source: PitchBook

    Source: PitchBoo

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    2015 LAW FIRMS BY VC

    SECTOR

    Firm name Deal count

    Gunderson Dettmer 386

    Cooley 208

    Wilson Sonsini Goodrich &

    Rosati162

    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

    Pittman10

    Most active in software

    Firm name Deal count

    Gunderson Dettmer 84

    Cooley 44

    DLA Piper 34

    Wilson Sonsini Goodrich &

    Rosati29

    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 &

    Rosati13

    Goodwin Procter 10

    Most active in consumer goods

    Firm name Deal count

    Gunderson Dettmer 49

    Cooley 24

    Wilson Sonsini Goodrich &

    Rosati23

    Latham & Watkins 14

    Orrick Herrington & Sutcliffe 10

    Most active in media

    Firm name Deal count

    Wilson Sonsini Goodrich &

    Rosati58

    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 &

    Rosati15

    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 &

    Rosati24

    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 &

    Rosati15

    Most active in IT hardware

    Firm name Deal count

    Wilson Sonsini Goodrich &

    Rosati25

    Gunderson Dettmer 15

    Latham & Watkins 11

    Cooley 10

    Most active in cleantech

    Source: PitchBook

    Source: PitchBook

    Source: PitchBook

    Source: PitchBook

    Source: PitchBook

    Source: PitchBoo

    Source: PitchBoo

    Source: PitchBoo

    Source: PitchBoo

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    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 Cohn25

    Paul, Weiss, Rifkind, Wharton

    & Garrison23

    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

    & Garrison20

    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 &

    Rosati18

    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 & Flom13

    Most active in other industries

    Source: PitchBook

    Source: PitchBook

    Source: PitchBook

    Source: PitchBook

    Source: PitchBoo

    Source: PitchBoo

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    Firm name Deal count

    Audax Group 18

    Kohlberg Kravis Roberts 12

    Ontario Teachers' Pension

    Plan12

    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

    2015s most active acquirers of global

    PE-backed companies

    ACQUIRERS

    2015s 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: PitchBoo

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    ACQUIRERS OF PEBACKED

    COMPANIES BY DEAL

    LOCATION & TYPE

    Firm name Deal count

    Audax Group 15

    Ontario Teachers' Pension

    Plan10

    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

    Arka 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 solidarit FTQ 4

    International Finance

    Corporation3

    Kohlberg Kravis Roberts 3

    Baring Private Equity Asia 2

    Caisse de dpt et placement

    du Qubec2

    Desjardins Capital rgional et

    coopratif2

    GI Partners 2

    InnVest Real Estate

    Investment Trust2

    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 Holdings3

    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: PitchBoo

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    Firm name Deal count

    Alphabet 11

    International Business

    Machines11

    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

    Group3

    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

    Strer Media 2

    Most active in Europe

    Firm name Deal count

    58.com 2

    BlueFocus Shanghai

    Investment2

    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

    Machines11

    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 VCBACKED

    COMPANIES BY DEAL

    LOCATION & TYPE

    Firm name Deal count

    Microsoft 13

    Alphabet 11

    International Business

    Machines11

    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: PitchBoo

    Source: PitchBoo

    37PITCHBOOK 2015 ANNUAL GLOBAL PE & VC LEAGUE TABLES REPORT

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