Q3 2016 Private Equity-Backed Buyout Deals and Exits $90

Q3 2016 Private Equity-Backed Buyout Deals and Exits Download the Data Pack October 2016

Fig. 1: Global Quarterly Private Equity-Backed Buyout Fig. 2: Private Equity-Backed Buyout Deals in Q3 2016 by Fig. 3: Private Equity-Backed Buyout Deals in Q3 2016 by Deals, Q1 2011 - Q3 2016 Region Deal Type

1,200 160 600 100% 3% 1% 2% 2%

Aggregate Deal Value ($bn) 90% 140 25% 1,000 500 17% 500 80% 120 1% 800 70% 6% 100 400 60% 41% 600 80 303 50% 300 60 40% No. of Deals 400 59%

Proportion of Total Proportion 30% 40 200 200 20% 20 35% 100 10% 60.2 63 53 9% 0 0 0% 15.3 4.1 10.6

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 0 No. of Deals Aggregate Deal Value 2011 2012 2013 2014 2015 2016 North America Europe Asia Rest of World Add-on Buyout Growth Capital No. of Deals Aggregate Deal Value ($bn) No. of Deals Aggregate Deal Value ($bn) PIPE Public-to-Private Recapitalization Source: Preqin Private Equity Online Source: Preqin Private Equity Online Source: Preqin Private Equity Online

Fig. 4: Private Equity-Backed Buyout Deals in Q3 2016 by Fig. 5: Private Equity-Backed Buyout Deals in Q3 2016 by Key Facts Value Band Industry

100% 35% 32% 12% 90% 30% 9% $90bn 80% Aggregate value of private equity- 11% 25% 70% 21% 65% backed buyout deals in Q3, up from 20% 60% 16% 17% $89bn in Q2. 15% 50% 15% 14% 14% 12% 12% 10% 40% 10% 9% 8%

Proportion of Total Proportion 7% 5% 5%5% 5% $81bn Proportion of Total Proportion 30% 5% 52% 16% 2% 3% 2% Aggregate value of private equity- 20% 1% 9% 0% backed buyout exits in Q3, down from 10% 6% $92bn in Q2. 4%

0% Other Utilities Business No. of Deals Aggregate Deal Value Services & Retail Energy & & & Media Materials Food & Food Telecoms Industrials Consumer Agriculture Healthcare Information Less than $100mn $100-249mn $250-499mn Technology 51% $500-999mn $1bn or More No. of Deals Aggregate Deal Value ($bn) Proportion of private equity-backed buyout exits that were trade sales, the Source: Preqin Private Equity Online Source: Preqin Private Equity Online largest proportion.

Fig. 6: 10 Largest Private Equity-Backed Buyout Deals Announced Globally in Q3 2016

Bought from/Exiting Portfolio Company Investment Type Deal Date Deal Size (mn) Deal Status Investor(s) Location Primary Industry Company CDH Investments, China Oceanwide Holdings Group, Caesars Entertainment Playtika Ltd Buyout Jul-16 4,400 USD Announced Israel Gaming Giant Interactive Group, Hony Capital, YF Capital Corporation

Rackspace Public-to-Private Aug-16 4,300 USD Announced Apollo Global Management, Searchlight Capital Partners - US IT

Emerson Network Power Buyout Aug-16 4,000 USD Announced Platinum Equity Emerson US IT Infrastructure Ultimate Fighting KKR, MSD Capital, Silver Lake, William Morris Endeavor Buyout Jul-16 4,000 USD Announced - US Media Championship Entertainment, LLC Thomson Reuters Intellectual Thomson Reuters Intellectual Buyout Jul-16 3,550 USD Announced Baring Private Equity Asia, Onex Corporation US Property & Science Susiness Corporation Property Epicor Software Buyout Jul-16 3,300 USD Completed KKR Apax Partners US Software McAfee Buyout Sep-16 3,100 USD Announced TPG Intel Corporation US IT Security Nortek Public-to-Private Jul-16 2,810 USD Announced Melrose - US Industrial EverBank Public-to-Private Aug-16 2,500 USD Announced TIAA Asset Management - US Financial Services Press Ganey Associates, Inc. Public-to-Private Aug-16 2,350 USD Announced EQT - US Healthcare

Source: Preqin Private Equity Online

Fig. 7: Global Quarterly Private Equity Buyout-Backed Exits, Fig. 8: Private Equity Buyout-Backed Exits in Q3 2016 by Fig. 9: Private Equity Buyout-Backed Exits in Q3 2016 by Exit Q1 2011 - Q3 2016 Region Type

600 180 250 100% 1% 1% 12% 160 90% 14% 500 Aggregate Exit Value ($bn) 207 140 200 80%

400 120 70% 36% 29% 100 150 146 60% 300 80 50% No. of Exits 200 60 100 40% Proportion of Total Proportion 40 30% 56% 100 51% 45.6 20 50 36 20% 25.7 0 0 19 10% 6.0 3.6

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 0 0% 2011 2012 2013 2014 2015 2016 North America Europe Asia Rest of World No. of Exits Aggregate Exit Value

No. of Exits Aggregate Exit Value ($bn) No. of Exits Aggregate Exit Value ($bn) Trade Sale Sale to GP IPO Restructuring Source: Preqin Private Equity Online Source: Preqin Private Equity Online Source: Preqin Private Equity Online

Fig. 10: 10 Largest Private Equity Buyout-Backed Exits Announced Globally in Q3 2016

Portfolio Investment Investment Investment Primary Investors (Entry) Exit Date Exit Type Exit Value (mn) Acquiror (Exit) Location Company Date Type Size (mn) Industry Quirónsalud Jan-11 Buyout 900 EUR CVC Capital Partners Sep-16 Trade Sale 5,760 EUR Fresenius Medical Care AG Spain Healthcare Public To Epicor Software Apr-11 976 USD Apax Partners Jul-16 Sale to GP 3,300 USD KKR US Software Private BATS Global Financial Aug-13 Buyout - Spectrum Equity, TA Associates Sep-16 Trade Sale 3,200 USD CBOE Holdings, Inc. US Markets, Inc. Services Vantage Energy, Lime Rock Partners , Quantum Energy Dec-06 Growth Capital 470 USD Sep-16 Trade Sale 2,700 USD Rice Energy US Oil & Gas Inc. Partners, Riverstone Holdings Financial EverBank Jul-08 Growth Capital 100 VND Sageview Capital Aug-16 Sale to GP 2,500 USD TIAA Asset Management US Services Mattress Firm Jan-07 Buyout 450 USD J.W. Childs Associates Aug-16 Trade Sale 2,400 USD Steinhoff International Holdings US Retail Advent International, ATP Lifelong Pension, Financial Nets Holding A/S Mar-14 Buyout 17,000 DKK ATP Private Equity Partners, Bain Capital, Sep-16 IPO 15,750 DKK - Denmark Services Via Venture Partners Press Ganey Jan-08 Buyout 650 USD Vestar Capital Partners Aug-16 Sale to GP 2,350 USD EQT US Healthcare Associates, Inc. Aleris Apollo Global Management, Bain Capital Jun-10 Restructuring 609 USD Aug-16 Trade Sale 2,330 USD Zhongwang USA, LLC US Materials International, Inc Credit, Oaktree Capital Management CDPQ, China Investment Foncia May-11 Buyout 1,017 EUR Bridgepoint, Eurazeo, Groupe BPCE Jul-16 Sale to GP 1,830 EUR France Property Corporation, Partners Group

Source: Preqin Private Equity Online

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