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Trend Reports

2017 Third Quarter

 
 

2017 l 3rd Qtr l Trends Report l Private Equity Industry

Thursday, October 19, 2017

Q3 2017 KEY HIGHLIGHTS

  • In the Healthcare vertical, the most active acquirer through the 1st 3 Quarters of 2017, either directly or through an affiliated business, was Arsenal Capital Partners with six transactions. Three of these deals occurred in Q3 2017: Patient Genesis' ConsentNow eConsent technology, FDAnews, and MedApproved.
  • In the Education vertical, the most active acquirer through the 1st 3 Quarters of 2017, either directly or through an affiliated business, was Leeds Equity Partners with four transactions. Three of these deals occurred in Q3 2017: the CRM and Application Management product lines from Hobsons, Courseval, and iLawVentures.

Q3 2017 KEY TRENDS

  • Total transaction volume in the 1st 3 Quarters of 2017 increased by 20 percent over the 1st 3 Quarters of 2016, from 507 to 610.
  • Total transaction value in the 1st 3 Quarters of 2017 rose by 15 percent over the 1st 3 Quarters of 2016, from $51.7 billion to $59.6 billion.

MULTIPLES & VALUE TRENDS

  • The median revenue multiple on a year-over-year basis shifted from 2.3x to 2.4x.
  • The median EBITDA multiple on a year-over-year basis moved slightly from 11.1x to 11.9x.

TOP TEN DEALS THROUGH Q3 2017

The top ten deals by value have seen four new additions since our half year report, two of which occurred in the Software horizontal: Partners Group Holding's announced acquisition of Civica for $1.4 billion and Centerbridge Capital Partners' acquisition of Syncsort for $1.3 billion.

These four transactions, with an aggregate value of $7.1 billion, represented 12 percent of transaction value in the 1st 3 Quarters of 2017 and 40 percent of Q3 2017 transaction value.



 

Top Ten Deals