Data & Analysis

Knowledge is power

The deal sourcing community is fragmented.

PE firms see 18% of their target market deal flow, per SPS data cited in Bain & Company’s Global Private Equity Report 2017 Annual Report.

 

The DOBR is an annual industry standard comparing a Sponsor’s market coverage against all Sponsors and peer groups. These statistics provide detailed insight into a firm’s deal sourcing strategy and helps clients gauge their performance individually, as well as compared to the industry.

2017 DOBR
The results of the 7th annual SPS DOBR indicate that PE firms see a median of 16.6% of their target market deal flow.

The 2017 edition was strategically revamped in several ways, including new statistics and market coverage charts. One prominent update to the 2017 edition of the SPS DOBR is its inclusion of market coverage details for Limited, Moderate, and Broad process deals. Including these market coverage statistics in the Report enables PE firms to determine if relevant intermediaries are inviting them to review opportunities with a minimum number of buyers, versus reviewing those broadly auctioned opportunities.

2016 DOBR

The results show that, on average, PE firms see 18% of their target market deal flow.

2015 DOBR

The results show that, on average, PE firms see 19% of their target market deal flow.

2014 DOBR

The results show that, on average, PE firms see 19% of their target market deal flow.

2013 DOBR

The results show that, on average, PE firms see 23% of their target market deal flow.

The perspective focuses on market trends and transaction in the mezzanine space and is released quarterly. It also provides data pertaining to transaction activity on a quarter-by-quarter basis going back to Q1 2012.

Q2 2018

The year 2018 started with a continued decline in mezzanine activity. Comparing Q1 2017 with Q1 2018, activity was down 21% from 123 to 97. Of the 97 closed mezzanine transactions in the first quarter of 2018, 76% involved a sponsor. For the 12-month period ending March 2018, mezzanine transactions were down 31% from 590 to 406. Of the total new platform private equity investment in Q1 2018, 12.6% had a mezzanine component, compared to 15.3% of new platform investments in Q1 2017. Overall, the Industrial sector was the most active in Q1 2018, followed closely by Healthcare, IT, Food, and Services.

 

Q1 2018

Five Points Capital supported Northlane Capital Partners’ acquisition of List Partners LLC with subordinated debt and equity.

Q4 2017

Gautier Steel Ltd, headquartered in Johnstown, PA, initiated its Employee Stock Ownership Plan (“ESOP”) buyout with $12M in subordinated debt provided by Mosaic Capital Partners. Gautier is a niche producer of steel products. The transaction was completed in November of 2017 and was intermediated by Signet Capital Advisors.

Q3 2017

In September of 2017, it was announced that Marquette Capital Partners provided mezzanine debt and equity for the recapitalization of Market Fresh Produce. Market Fresh Produce is based in Nixa, Missouri, and is a leading fresh produce company with a “Farm to Fork” strategy. C3 Capital Partners also provided equity and debt for this transaction.

Q2 2017

Centerfield Capital Partners provided both mezzanine debt and equity in the acquisition by Corridor Capital of Indo-European Foods, Inc. (“Indo-European”).

Q1 2017

Q4 2016

Q3 2016

Q2 2016

Q1 2016

Q4 2015

Q3 2015

Q2 2015

Q1 2015

The SPS Harvest Report is an annual customized report detailing all PE portfolio companies that may be ready for exit. It is a great resource to proactively target relevant companies that may be in a position to sell in the near term.

June 2018

The June 2018 Edition highlights 5,300+ PE portfolio companies that were acquired between 2011 – 2015 that are potentially ready to exit!
Harvest Report: June 2018 Edition Summary
Harvest Report: June 2017 Edition Activity Update

June 2017

  • Companies reviewed: 4,600+ PE portfolio
  • Originally acquired: 2010 – 2014

December 2016

  • Companies reviewed: 3,560+ PE portfolio
  • Originally acquired: 2010 – 2013

June 2016

  • Companies reviewed: 2,300+ PE portfolio
  • Originally acquired: 2011 – 2012

 

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