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2018-Q3 Private Equity Industry Investment Report

Table of Contents

Page

Executive Summary 3Business Products & Services 5Consumer Products & Services 6Information Technology 7Financial Services 8Healthcare 9Materials & Resources 10Energy 11

Executive Summary

Through the first three quarters of 2018, private equity funds invested approximately $227 billion in companies across a number of sectors. Business Products and Services (B2B) and Consumer Products and Services (B2C) received more than half of all private equity investment during this period. Fund managers invested $72 billion in B2C companies, while B2B companies received approximately $43 billion in investment during this period. The sector with the third highest level of investment, through the first three quarters of the year, was Information Technology with $30 billion. Investment in other sectors went as follows, Energycompanies received $29 billion in investment while businesses in the Financial Services, Healthcare, and the Materials and Resources sectors secured investments of $21 billion, $22 billion and $10 billion, respectively. One of the largest investments of the third quarter was the buyout of the Dr. Pepper Snapple Group, a manufacturer of flavored beverages, that was purchased for approximately $21 billion dollars.

Q1 to Q3 2018 and Q1 to Q3 2017 Industry Investment

Q1 to Q3 2018 Q1 to Q3 2017

Note: Figures in this report are rounded

$227 Billion $240 Billion

Business Products & Services (B2B) Deals

Source: PitchBook

Top Deals 2018-Q3Company Date Investment Value (Bil) Financial SponsorCotiviti 08/27/2018 $4.93 Veritas Capital, Verscend Technologies

EagleView Technologies 08/14/2018 $2.00 Clearlake Capital Group, Option 3 Ventures, Vista Equity Partners

NRG Energy (renewable energy) 08/31/2018 $1.38 Global Infrastructure Partners

Q1 to Q3 2018

Consumer Products & Services (B2C) Deals

Source: PitchBook

Top Deals 2018-Q3Company Date Investment Value (Bil) Financial Sponsor

Dr Pepper Snapple Group 07/09/2018 $21.00 BDT Capital Partners, JAB Holding Company, Keurig Dr Pepper, Mondelez International

Keurig Dr Pepper 07/11/2018 $9.12 FFP Group, JAB Holding Company, Mondelez International

Verifone 08/20/2018 $3.40 British Columbia Investment Management, Francisco Partners

Q1 to Q3 2018

Information Technology Deals

Source: PitchBook


FirstLIght Fiber 07/23/2018 $1.00 Antin Infrastructure

Pomeroy 07/11/2018 $0.82 Getronics

Quorum Software 09/24/2018 $0.74 Thoma Bravo

Q1 to Q3 2018

Financial Services Deals

Source: PitchBook


Financial Engines 07/19/2018 $3.02 Edelman Financial Services

WndrCo 08/07/2018 $1.00 21st Century Fox, Alibaba Group, Disney Channel, Entertainment One, et al*

Affinion Insurance Solutions 08/15/2018 $0.55 Mill Point Capital

*JPMorgan Chase & Company, Liberty Global, Lionsgate, Madrone Capital Partners, MGM Studio, NBCUniversal, Sony Pictures Entertainment, The Goldman Sachs Group, Viacom, Warner Media

Q1 to Q3 2018

Healthcare Deals

Source: PitchBook


Kindred Health 07/02/2018 $4.10 Humana, TPG Capital, Welsh, Carson, Anderson & Stowe

Curo Health Services 07/11/2018 $1.40 Humana, TPG Capital, Welsh, Carson, Anderson & Stowe

GE Healthcare (Information Technology Division) 07/11/2018 $1.05 Veritas Capital

Q1 to Q3 2018

Materials & Resources Deals

Source: PitchBook


Industrial Container Services 08/24/2018 $1.00 BWAY, Ontario Teachers’ Pension Plan, Pubic Sector Pension Investment Board, et al*

Ball Metalpack 07/31/2018 $0.68 Platinum Equity

Color Spot Nurseries 08/17/2018 $0.07 Wells Fargo

Q1 to Q3 2018

*Stone Canyon Industries

Energy Deals

Source: PitchBook


Westinghouse Electric Company 08/01/2018 $4.00 Brookfield Business Partners, The BaupostGroup

EnLink Midstream 08/18/2018 $3.13 Global Infrastructure Partners

Midcoast Operating 08/01/2018 $1.12 ArcLight Capital Partners

Q1 to Q3 2018

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