REPORT 4 13 21 27 - goodwinlaw.com/media/F965F1E537A246038DBE15EF9… · 3 PITCHBOOK 2015 GLOBAL PE & VC LEAGUE TABLES METHODOLOGY LEAGUE TABLES All league tables are compiled using

2015LEAGUE TABLE

PE & VC GLOBAL

REPORT

Most active PE firms

in 2014 by industry,

AUM, location

Most active VC firms

of 2014 by stage, sector,

firm HQ

Top lenders by region

and industry

4 13 21Top law firms for VC and PE

industries

27

2 PITCHBOOK 2015 GLOBAL PE & VC

LEAGUE TABLES

CONTENTSMethodology

PE Firms

VC Firms

Lenders

I-Banks, Advisors/Accountants

Law Firms

Acquirers

3

4

13

21

24

27

33

CREDITS & CONTACTPitchBook Data, Inc.

JOHN GABBERT Founder, CEO

ADLEY BOWDEN Senior Director, Analysis

Content, Data & EditingALEX LYKKEN Editor

ALLEN WAGNER Contributing Editor

ANDY WHITE Lead Data Analyst

DANIEL COOK Senior Data Analyst

GARRETT BLACK Senior Financial Writer

BRIAN LEE Data Analyst

Contact PitchBookwww.pitchbook.com

RESEARCH

[email protected]

EDITORIAL

[email protected]

SALES

[email protected]

COPYRIGHT © 2015 by PitchBook Data, Inc. All rights reserved. No part of this publication may be reproduced in any form or by any means—graphic, electronic, or mechanical, including photocopying, recording, taping, and information storage and retrieval systems—without the express written permission of PitchBook Data, Inc. Contents are based on information from sources believed to be reliable, but accuracy and completeness cannot be guaranteed. Nothing herein should be construed as any past, current or future recommendation to buy or sell any security or an offer to sell, or a solicitation of an offer to buy any security. This material does not purport to contain all of the information that a prospective investor may wish to consider and is not to be relied upon as such or used in substitution for the exercise of independent judgment.

CALLING ALL DEAL SUBMISSIONSTo submit your deals for consideration in PitchBook’s league tables, please email us at [email protected].

http://www.pitchbook.com

mailto:[email protected]





LEAGUE TABLES

METHODOLOGYLEAGUE TABLESAll league tables are compiled using the count of completed deals for the specified deal type, region

and/or other criteria.

PRIVATE EQUITY (PE) DEALS The 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 defined as transactions in which the PE investor receives a controlling ownership stake in the target company. Growth deals are defined as minority investments. Add-on deals are defined as acquisitions by companies with private equity backing.

VENTURE CAPITAL (VC) DEALS This report includes all VC investments (including seed/angel). Only investments made directly by VCs, incubators/accelerators and angels are counted.

LENDERSLender league tables look at completed PE deals the lender provided debt financing for in a given time period or region. The transaction must involve equity provided by a PE firm. In league tables for debt-only financings, the transaction must involve debt financing to a company that is PE- or VC-backed.

SERVICE PROVIDERSService 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.

EXITSExit 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 & SECTORSCompanies 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 REGIONSU.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 WORLDAny country besides the United States or European

nations.

For more information on our methodology, contact

[email protected] or [email protected].




LEAGUE TABLES

PRIVATE EQUITY FIRMS2014’s Most Active PE Investors

PE Investors by Deal Location

PE Investors by Firm HQ

PE Investors by Firm AUM

PE Investors by Deal Type

PE Investors by Industry

PE Investor Exits by Co. HQ

4

5

7

9

10

11

12

CONTENTS 2014’S MOST ACTIVE PE INVESTORS GLOBAL

Kohlberg Kravis Roberts

Audax Group

The Carlyle Group

ABRY Partners

The Blackstone Group

GTCR Golder Rauner

The Riverside Company

Warburg Pincus

Bain Capital

Summit Partners

Ardian

Apollo Global Management

TPG Capital

H.I.G. Capital

Advent International

Hellman & Friedman

Business Growth Fund

Ontario Teachers’ Pension Plan

Oaktree Capital Management

Vista Equity Partners

Ares Capital

Goldman Sachs

Triangle Capital Corporation

Lloyds Development Capital

Huron Capital Partners

EQT

Providence Equity Partners

Arsenal Capital Partners

CVC Capital Partners

Electra Private Equity

Madison Dearborn Partners

Stone Point Capital

TA Associates

71

67

67

58

56

49

39

39

38

38

37

35

33

32

31

31

30

30

28

28

24

24

24

23

22

21

21

20

20

20

20

20

20

INVESTOR DEALS


LEAGUE TABLES

2014 PE Investors by Deal LocationMOST ACTIVE U.S.

Audax Group

ABRY Partners

GTCR Golder Rauner

The Carlyle Group



Summit Partners


Hellman & Friedman

Warburg Pincus


TPG Capital



Ares Capital


Stone Point Capital

Bain Capital

CI Capital Partners

Genstar Capital


KRG Capital Partners

OTPP

58

54

41

38

37

32

29

29

25

25

24

24

23

23

22

22

19

18

18

18

17

17

17

INVESTOR DEALS

MOST ACTIVE GREAT LAKES MOST ACTIVE MID-ATLANTIC

MOST ACTIVE NEW ENGLAND MOST ACTIVE SOUTH

MOST ACTIVE SOUTHEAST


Audax Group

GTCR Golder Rauner

CI Capital Partners


Hellman & Friedman

The Carlyle Group

The Jordan Company

ABRY Partners

TPG Capital


Summit Partners

The Carlyle Group

Audax Group

Housatonic Partners

OTPP


The Carlyle Group

Audax Group

Summit Partners



Caesars Growth Partners

Eberhart Capital

GTCR Golder Rauner

Hellman & Friedman

JZ Capital Partners

Onex

TPG Capital

Warburg Pincus

9

8

7

6

6

5

5

5

11

9

8

8

7

6

6

6

6

7

6

6

6

4

4

4

4

4

4

4

4

4

INVESTORINVESTOR

INVESTOR

DEALSDEALS

DEALS

MOST ACTIVE WEST COAST

MOST ACTIVE MOUNTAIN & MIDWEST

Audax Group

ABRY Partners

Brynwood Partners

Summit Partners

Accel-KKR

Bain Capital

Genstar Capital

Kohlberg & Company


Silver Oak Services Partners


The Carlyle Group

Audax Group

ABRY Partners

GTCR Golder Rauner


American Securities


ABRY Partners



The Gladstone Companies

Warburg Pincus


Audax Group

H.I.G. Capital

Natural Gas Partners


ABRY Partners

GTCR Golder Rauner


Audax Group


Apax Partners

Onex

The Carlyle Group

6

4

4

4

3

3

3

3

3

3

3

3

17

12

7

7

6

6

10

9

9

9

9

8

8

7

7

7

12

11

10

8

8

7

7

7

INVESTOR

INVESTOR

INVESTOR

INVESTOR

DEALS

DEALS

DEALS

DEALS


LEAGUE TABLES

2014 PE Investors by Deal LocationMOS T AC T IVE EUROPE


Ardian



The Carlyle Group

EQT



Equistone Partners Europe


HgCapital

Oaktree Capital Mgmt

Siparex Group

CM-CIC Capital Finance


BNP Paribas Développement

Bridgepoint

Foresight Group

Maven Capital Partners

Naxicap Partners

Omnes Capital

29

28

23

22

20

18

17

17

16

15

15

15

15

14

14

13

13

13

13

13

13

INVESTOR DEALS

MOST ACTIVE CEE MOST ACTIVE FRANCE & BENELUX

MOST ACTIVE GSA MOST ACTIVE NORDIC

MOST ACTIVE SOUTHERN EUROPE

Springwater Capital

Ardian


Avenue Capital Group


Fortissimo Capital

H.I.G. Capital





Foresight Group

Palatine Private Equity

Inflexion Private Equity

The Carlyle Group

International Finance Corp.


Actis Capital


Warburg Pincus

The Carlyle Group

Bain Capital

NW Capital Appreciation

The Abraaj Group

10

8

6

4

4

4

4

29

20

13

13

12

12

11

11

13

13

12

11

10

9

8

7

7

INVESTOR INVESTOR INVESTORDEALS DEALS DEALS

MOST ACTIVE U.K. & IRELAND MOST ACTIVE REST OF WORLD

Deutsche Beteiligungs


Aurelius Investments

Clayton, Dubilier & Rice

Oakley Capital Private Equity

AFINUM Management

Ardian

Bayerische Beteiligungs

EQT

General Atlantic

Vitruvian Partners

Hartenberg Capital

Innova Capital

Syntaxis Capital

BaltCap Management

Invalda LT

Mid Europa Partners

PAI Partners

Bain Capital

EQT

Nordic Capital

CapMan Capital Mgmt

HitecVision


Accent Equity Partners


Procuritas Partners

Ratos

Siparex Group



Naxicap Partners

Ardian

Arkéa Capital Investissement

Omnes Capital

Amundi Private Equity

BNP Paribas Capital Partners

6

6

5

5

5

4

4

4

4

4

4

6

4

4

3

3

3

3

10

9

9

8

8

6

5

5

5

5

15

14

13

13

12

12

9

8

8

INVESTOR

INVESTOR

INVESTOR

INVESTOR

DEALS

DEALS

DEALS

DEALS


LEAGUE TABLES

2014 PE Investors by Firm HQMOST ACTIVE U.S.


Audax Group

The Carlyle Group

ABRY Partners


GTCR Golder Rauner


Warburg Pincus

Bain Capital

Summit Partners


TPG Capital

H.I.G. Capital


Hellman & Friedman



Ares Capital

Goldman Sachs






Stone Point Capital

TA Associates

71

67

67

58

56

49

39

39

38

38

35

33

32

31

31

28

28

24

24

24

22

21

20

20

20

20

INVESTOR DEALS




H.I.G. Capital


Sun Capital Partners

Comvest Partners

BB&T Capital Partners

Fulcrum Equity Partners

Harbert Management

Pamlico Capital

Roark Capital Group

Ridgemont Equity Partners

Trivest Partners

Hellman & Friedman


Ares Capital

Genstar Capital

Symphony Tech Group

Housatonic Partners

Clearlake Capital Group

The Gores Group

Accel-KKR

Altamont Capital Partners

Marlin Equity Partners


Peterson Partners

Harbour Group

Thompson Street Partners

Grey Mountain Partners

Capital For Business

Cave Creek Capital Mgmt

McCarthy Capital

Resource Capital Funds

32

24

13

11

9

9

9

9

9

8

8

31

28

24

18

16

13

12

12

11

11

11

17

11

7

7

6

5

5

5

5

INVESTORINVESTOR

INVESTOR

DEALSDEALS

DEALS

MOST ACTIVE WEST COAST

MOST ACTIVE MOUNTAIN & MIDWEST

Audax Group

ABRY Partners

Bain Capital

Summit Partners



Stone Point Capital

TA Associates

Charlesbank Capital Ptnrs

Intervale Capital

WestView Capital Partners

GTCR Golder Rauner



Northstar Capital

The Edgewater Funds

Thoma Bravo

Wind Point Partners

Beringea

Norwest Equity Partners

TPG Capital


Building Industry Partners

SCF Partners

The CapStreet Group


Insight Equity

Main Street Capital

Peak Rock Capital

Trive Capital


The Carlyle Group



Warburg Pincus


Goldman Sachs


67

58

38

38

31

21

20

20

13

12

12

49

22

20

15

15

15

13

10

10

33

28

11

11

11

10

9

9

9

9

71

67

56

39

39

35

24

20

INVESTOR

INVESTOR

INVESTOR

INVESTOR

DEALS

DEALS

DEALS

DEALS


LEAGUE TABLES

2014 PE Investors by Firm HQMOS T AC T IVE EUROPE

Ardian



EQT




Apax Partners

HgCapital

Omnes Capital

Foresight Group

MML Capital Partners

PAI Partners

Siparex Group

Actis Capital

Bridgepoint


Permira

37

30

23

21

20

20

18

17

17

16

15

15

15

15

14

14

14

14

INVESTOR DEALS




21 Partners

Realza Capital

Fondo Strategico Italiano

Inter-Risco

Wise SGR






Apax Partners

HgCapital

Foresight Group


OTPP

Onex

La Caisse

CPPIB

OMERS Private Equity

CITIC Capital Partners

Tricor Pacific Capital

Novacap Investments

4

4

3

3

3

30

23

20

20

18

17

17

15

15

30

17

14

14

12

10

10

9



Partners Group

Springwater Capital

Deutsche Beteiligungs

Aurelius Investments

AFINUM Management

Bayerische Beteiligungs

Constellation Capital

Lifebrain

Syntaxis Capital

Hartenberg Capital

Enterprise Investors

Innova Capital

United Capital Partners

BaltCap Management

Invalda LT

EQT

Nordic Capital

CapMan Capital Mgmt

Altor Equity Partners

HitecVision

Accent Equity Partners

Procuritas Partners

Sentica Partners

Ardian

Omnes Capital

PAI Partners

Siparex Group



Naxicap Partners

Arkéa Capital Investissement

Waterland Private Equity

Investments

13

10

8

7

4

4

4

4

4

6

5

5

4

3

3

21

13

10

9

8

7

6

6

37

16

15

15

14

13

13

12

11

INVESTOR

INVESTOR

INVESTOR

INVESTOR

DEALS

DEALS

DEALS

DEALS


LEAGUE TABLES

MOS T AC T IVE $ 1B-$5B






CI Capital Partners

Genstar Capital


Harvest Partners

Omnes Capital

Symphony Technology Group

30

24

22

20

20

18

18

17

16

16

16

INVESTOR DEALS

2014 PE Investors by Firm AUMMOS T AC T IVE $5B+ MOS T AC T IVE $500M-$ 1B

MOS T AC T IVE $250M-$500M

MOS T AC T IVE <$250M


Audax Group

The Carlyle Group

ABRY Partners


GTCR Golder Rauner


Warburg Pincus

Bain Capital

Summit Partners

Ardian


TPG Capital

H.I.G. Capital

71

67

67

58

56

49

39

39

38

38

37

35

33

32

INVESTOR DEALS

PNC Mezzanine Capital

Foresight Group

Northstar Capital

Housatonic Partners

Bregal Partners

NewSpring Capital

The CapStreet Group

INVESTOR

17

15

15

13

11

11

11

DEALS


Bregal Partners

Peterson Partners

NGP Energy Technology Partners

INVESTOR

13

11

11

10

DEALS

Palatine Private Equity

Silverhawk Capital Partners

Tecum Capital Management

BNP Paribas Capital Partners

Fulcrum Equity Partners

NorthEdge Capital

YFM Equity Partners

INVESTOR

12

10

10

9

9

9

9

DEALS


LEAGUE TABLES

2014 PE Investors by Deal TypeMOST ACTIVE BUYOUTS

The Carlyle Group



Audax Group

H.I.G. Capital


Bain Capital


Naxicap Partners

YFM Equity Partners



Ares Capital


EQT

Foresight Group

Lynx Equity


Springwater Capital

Symphony Technology Grp


TPG Capital




OTPP

TA Associates

Warburg Pincus

19

17

15

14

14

12

10

10

10

9

8

8

8

8

8

8

8

8

8

8

8

8

8

7

7

7

7

7

INVESTOR DEALS

MOST ACTIVE ADD-ONS MOST ACTIVE GROWTH/EXPANSION

ABRY Partners

Audax Group

The Carlyle Group

GTCR Golder Rauner


Summit Partners

Ardian


Bain Capital

Hellman & Friedman



OTPP



Warburg Pincus


CI Capital Partners

H.I.G. Capital



Onex

TPG Capital




Clayton, Dubilier & Rice

Crestview Partners


EQT


Warburg Pincus

International Finance Corp.


TPG Capital


Ares Capital

Goldman Sachs


Actis Capital

Beringea

Denham Capital Mgmt

Morgan Stanley

NGP Energy Tech Partners

Pine Brook

Stone Point Capital


Accel-KKR

La Caisse

Calculus Capital


Flexpoint Ford

GS Capital Partners

Living Bridge


NewSpring Capital

Patriot Capital

Seacoast Capital Partners

Siparex Group

50

50

41

40

38

29

28

27

25

25

21

20

20

20

18

18

17

16

16

16

16

16

16

15

15

14

13

13

13

13

26

14

12

12

9

8

7

7

7

6

6

6

6

6

6

6

6

5

5

5

5

5

5

5

5

5

5

5

5

INVESTOR INVESTORDEALS DEALS


LEAGUE TABLES

2014 PE Investors by IndustryMOST ACTIVE IN B2B

Audax Group

The Carlyle Group



ABRY Partners


Bain Capital


Ardian

PNC Mezzanine Capital

Warburg Pincus

CI Capital Partners

H.I.G. Capital

Northstar Capital

Summit Partners



Siparex Group

Building Industry Partners

Charterhouse Capital Ptnrs

Dubin Clark & Company

GTCR Golder Rauner

INVESTOR

MOST ACTIVE IN B2C


The Carlyle Group



OTPP


Audax Group

Bain Capital

Crestview Partners

Ardian

Beringea



TPG Capital

INVESTOR

MOST ACTIVE IN IT



ABRY Partners

Summit Partners


GTCR Golder Rauner


Thoma Bravo

Goldman Sachs

TA Associates

HgCapital

Silver Lake

The Carlyle Group

Accel-KKR

JMI Equity


Warburg Pincus

INVESTOR

31

27

24

19

16

16

15

15

14

13

13

12

12

12

12

12

11

11

10

10

10

10

DEALS

15

15

14

11

11

10

9

8

8

7

7

7

7

7

DEALS

18

15

14

12

11

10

10

10

9

9

8

8

8

7

7

7

7

DEALS

MOST ACTIVE IN HEALTHCARE

Audax Group


Ares Capital


General Atlantic

Ardian

GTCR Golder Rauner

Summit Partners

Warburg Pincus

Frazier Healthcare

Great Point Partners

Spring Capital Partners


TPG Capital

INVESTOR

MOST ACTIVE IN ENERGY

Riverstone Holdings


Foresight Group


SCF Partners

Energy Capital Partners

Intervale Capital


OTPP


The Energy & Minerals Group

INVESTOR

18

12

11

11

9

8

8

8

7

6

6

6

6

6

DEALS

12

9

9

7

7

6

6

6

6

6

6

DEALS

MOST ACTIVE IN MATERIALS & RESOURCES



H.I.G. Capital



INVESTOR

7

5

5

5

5

DEALS


LEAGUE TABLES

2014 PE Investor Exits by Co. HQMOS T AC T IVE GL OBAL

The Carlyle Group




Warburg Pincus

TPG Capital

Bain Capital

GS Capital Partners

American Capital

Summit Partners

WCAS



Goldman Sachs

Francisco Partners


Gresham Private Equity

3i Group

CPPIB

HarbourVest Partners

Stockwell Capital

Platinum Equity

Bridgepoint

TA Associates


Baird Capital




AlpInvest Partners

Stone Point Capital

20

19

15

13

13

13

12

12

12

11

11

11

10

10

10

9

9

9

9

8

8

8

8

8

8

8

8

8

8

8

8

INVESTOR EXITS

MOS T AC T IVE U.S .


American Capital

Summit Partners

WCAS

Warburg Pincus

GS Capital Partners


Platinum Equity



The Carlyle Group

Baird Capital

GTCR Golder Rauner

TA Associates

Audax Group

Castle Creek Capital

TPG Capital

Prospect Capital

Metalmark Capital

H.I.G. Capital

Stone Point Capital

Kohlberg & Company

Goldman Sachs

aPriori Capital Partners

Stockwell Capital


ABRY Partners

Babson Capital Management

14

11

10

10

9

9

8

8

8

8

7

7

7

7

7

7

7

7

6

6

6

6

6

6

6

6

6

6

INVESTOR EXITS

MOS T AC T IVE EUROPE


Gresham Private Equity

Bridgepoint

The Carlyle Group

Cinven

Mobeus Equity Partners

3i Group


Naxicap Partners

Ardian

Caird Capital

Royal Bank of Scotland

Bain Capital

CapMan Capital Mgmt

AlpInvest Partners

Lloyds Banking Group

HgCapital

Inflexion Private Equity

Deutsche Bank


Triton Partners

Permira

CPPIB

Charterhouse Capital

Partners

11

9

8

8

7

7

7

6

6

6

6

6

5

5

5

5

5

5

5

5

5

5

5

5

INVESTOR EXITS


LEAGUE TABLES

VENTURE CAPITAL FIRMS2014’s Most Active VC Investors

VC Investors by Deal Stage

VC Investors by Deal Location

VC Investors by Firm HQ

VC Investors by Sector

VC Investor Exits by Co. HQ

13

14

15

17

19

20

CONTENTS 2014’S MOST ACTIVE VC INVESTORS GLOBAL

500 Startups

Sequoia Capital

Y Combinator

New Enterprise Associates

Accel Partners

Andreessen Horowitz

Kleiner Perkins Caufield & Byers

TechStars

Intel Capital

Kima Ventures

SV Angel

Google Ventures

Khosla Ventures

Index Ventures

Bessemer Venture Partners

First Round Capital

Lerer Hippeau Ventures

Atlas Venture

High-Tech Gründerfonds

General Catalyst Partners

Matrix Partners

True Ventures

Greylock Partners

Lightspeed Venture Partners

Qualcomm Ventures

Redpoint Ventures

Battery Ventures

DreamIt Ventures

Norwest Venture Partners

The Data Collective

133

121

111

102

101

101

99

97

96

94

92

90

77

73

69

69

63

62

60

58

55

53

51

50

49

49

46

45

43

41

INVESTOR DEALS


LEAGUE TABLES

2014 VC Investors by Deal StageMOST ACTIVE SEED/ANGEL

Y Combinator

TechStars

500 Startups

Kima Ventures

DreamIt Ventures

SV Angel

Google Ventures



Andreessen Horowitz

Real Ventures

Slow Ventures

Great Oaks Venture Capital


Structure Capital

The Data Collective

BoxGroup

Bus. Dev. Bank of Canada

Eniac Ventures

First Round Capital

Foundry Group

Microsoft Ventures

Amplify.LA

CrunchFund

Seedcamp

StartUp Health

Atlas Venture

Greylock Partners

VegasTechFund

Club Italia Investimenti

FundersClub

Health Wildcatters

Maveron

New York Angels

Plug and Play Tech Center

Streamlined Ventures

100

87

84

60

40

39

33

25

25

21

18

18

17

17

17

17

16

15

15

15

15

15

14

14

14

14

13

13

13

12

12

12

12

12

12

12

INVESTOR DEALS

MOST ACTIVE EARLY STAGE MOST ACTIVE LATE STAGE

Sequoia Capital

Accel Partners

Andreessen Horowitz

Khosla Ventures


SV Angel

500 Startups

Intel Capital

KPCB

Google Ventures

First Round Capital

Atlas Venture

Index Ventures

True Ventures


Matrix Partners

Kima Ventures





Redpoint Ventures

Qualcomm Ventures

Founders Fund

Greycroft Partners

IDG Capital Partners

Battery Ventures

VegasTechFund

Connecticut Innovations

CrunchFund

Shasta Ventures

The Data Collective

Sequoia Capital

KPCB

Intel Capital


Accel Partners


Andreessen Horowitz


Index Ventures

Insight Venture Partners

Institutional Venture Partners

OrbiMed Advisors

Ignition Venture Partners

Sapphire Ventures

Battery Ventures

Draper Fisher Jurvetson

Duff Ackerman & Goodrich

Greylock Partners


Matrix Partners

Qualcomm Ventures

Benchmark Capital

Canaan Partners

Foundation Capital


Google Ventures

Redpoint Ventures

First Round Capital

InterWest Partners

Khosla Ventures

Tenaya Capital

August Capital

Mayfield Fund

US Venture Partners

64

53

53

51

51

49

48

46

41

40

38

37

37

35

34

33

32

30

30

29

28

28

27

26

26

26

24

24

23

22

22

22

53

52

48

38

37

34

27

27

26

26

22

21

20

20

18

18

18

18

18

18

18

17

17

17

17

17

17

16

16

16

16

15

15

15



LEAGUE TABLES

2014 VC Investors by Deal LocationMOS T AC T IVE U.S .

Andreessen Horowitz

Y Combinator

500 Startups


KPCB

SV Angel

Google Ventures

TechStars

Khosla Ventures

First Round Capital

Sequoia Capital


Atlas Venture

Intel Capital

Accel Partners


True Ventures


Greylock Partners

Kima Ventures


Redpoint Ventures

DreamIt Ventures

101

100

94

91

90

88

87

84

73

68

65

60

57

57

55

54

53

50

48

47

44

44

43

INVESTOR DEALS




SCRA Technology Ventures

Atlanta Ventures

Harbert Venture Partners

IDEA Fund Partners

KPCB

Aisling Capital

venVelo

Andreessen Horowitz

Y Combinator

500 Startups

KPCB

SV Angel

Khosla Ventures

Google Ventures

Sequoia Capital


TechStars

Kickstart Seed Fund

Foundry Group

VegasTechFund

Bullet Time GP

Google Ventures

Cultivation Capital

Galvanize

10

5

5

5

5

4

4

87

82

70

68

63

60

59

54

53

12

11

10

9

7

7

6

6


MOST ACTIVE WEST COAST MOST ACTIVE MOUNTAIN & MIDWEST

Atlas Venture


TechStars


Flybridge Capital Partners

Polaris Partners

Hyde Park Venture Partners

Chicago Ventures

TechColumbus

Detroit Venture Partners

Serra Ventures

CincyTech USA

Start Garden

Elevate Ventures

Jump Capital

Lakewest Venture Partners

Launch Tennessee

Mercury Fund

Austin Ventures

MB Venture Partners

Silverton Partners

Innova Memphis

S3 Ventures

Capital Factory

Solidus


DreamIt Ventures


RRE Ventures

First Round Capital

BoxGroup

SV Angel

Ben Franklin Tech Partners

Center for Innovative

Technology Gap Funds

40

34

23

16

10

10

17

14

12

11

11

10

10

8

8

8

16

14

12

11

11

10

10

9

8

40

33

22

21

20

19

19

18

18

INVESTOR

INVESTOR

INVESTOR

INVESTOR

DEALS

DEALS

DEALS

DEALS


LEAGUE TABLES

2014 VC Investors by Deal LocationMOS T AC T IVE EUROPE


Kima Ventures

Scottish Enterprise

Index Ventures

Octopus Investments

Accel Partners

Wellington Partners

Balderton Capital

IP Group

Sunstone Capital

Almi Invest

Point Nine Capital

Seedcamp

Caixa Capital Risc


Inventure

Midven

Northzone Ventures

Partech Ventures

Tekes

German Startups Group

Mercia Fund Management

MMC Ventures

TechStars

59

35

34

32

23

19

19

18

17

17

15

15

15

14

14

14

14

14

14

14

13

13

13

13

INVESTOR DEALS




Almi Invest


Caixa Capital Risc

Inlandsinnovation

Portugal Capital Ventures

Faber Ventures

OpenFund

Creandum

Kibo Ventures

Partnerinvest Norr

Scottish Enterprise

Octopus Investments

IP Group

Index Ventures

Balderton Capital

Seedcamp

Midven

Mercia Fund Management

MMC Ventures

Sequoia Capital

500 Startups


Intel Capital

Real Ventures

Matrix Partners

Accel Partners


Qualcomm Ventures

15

14

13

10

8

7

7

6

6

6

33

22

17

16

15

15

14

13

13

54

36

30

30

30

28

27

23

17





Bayern Kapital

IBB Beteiligungsgesellschaft

Wellington Partners

BioMedPartners

Point Nine Capital

b-to-v Partners

Holtzbrinck Ventures

Eleven Accelerator Venture

Moscow Seed Fund

SpeedUp VC Group

Imprimatur Capital

InVenture Partners

Almi Invest

Tekes

Creandum

Inventure

Butterfly Ventures

SEED Capital Denmark

Inlandsinnovation

Northzone Ventures

Kima Ventures

Alven Capital Partners

Rhône-Alpes Création

Go Capital

Sigma Gestion

CEA Investissement

Emertec Gestion

Index Ventures

Partech Ventures

PPm Oost

59

13

12

10

9

8

8

7

7

7

7

7

6

6

15

14

12

12

11

11

10

10

18

12

10

9

9

8

8

8

8

8

INVESTOR

INVESTOR

INVESTOR

INVESTOR

DEALS

DEALS

DEALS

DEALS


LEAGUE TABLES

2014 VC Investors by Firm HQMOS T AC T IVE U.S .

500 Startups

Sequoia Capital

Y Combinator

Andreessen Horowitz


Accel Partners

KPCB

TechStars

Intel Capital

SV Angel

Google Ventures

Khosla Ventures

First Round Capital



Atlas Venture


Matrix Partners

True Ventures

Greylock Partners


Qualcomm Ventures

Redpoint Ventures

Battery Ventures

DreamIt Ventures

133

121

111

102

102

101

99

97

96

92

90

77

70

69

63

62

58

55

53

51

50

49

48

46

46

INVESTOR DEALS




Arsenal Venture Partners

SCRA Technology Ventures

SK Ventures

Vocap Investment Partners

Hatteras Venture Partners

Noro-Moseley Partners

Y Ventures

500 Startups

Sequoia Capital

Y Combinator

Andreessen Horowitz


Accel Partners

KPCB

Intel Capital

SV Angel

Google Ventures

TechStars

VegasTechFund

Foundry Group

Bullet Time GP

Social Leverage

Kickstart Seed Fund

Galvanize

Social Starts

Cultivation Capital

11

10

8

8

7

7

7

133

121

111

102

102

101

99

96

92

90

97

37

34

16

16

13

12

12

11


MOST ACTIVE WEST COAST MOST ACTIVE MOUNTAIN & MIDWEST

Atlas Venture


Battery Ventures


Spark Capital

Polaris Partners

SoftBank Capital

Bain Capital Ventures

Charles River Ventures

Chicago Ventures

Serra Ventures

Hyde Park Venture Partners

Plug and Play Tech Center

American Family Ventures

ARCH Venture Partners

TechColumbus

Detroit Venture Partners

Pritzker Group VC

Start Garden

Mercury Fund

Launch Tennessee

Capital Factory

Austin Ventures

Silverton Partners

Health Wildcatters

MB Venture Partners

S3 Ventures



DreamIt Ventures


RRE Ventures

Greycroft Partners

OrbiMed Advisors

BoxGroup

Insight Venture Partners

62

58

46

36

34

27

27

26

25

21

20

19

18

15

13

13

12

12

12

22

16

14

13

13

12

11

11

69

63

46

40

37

36

34

32

31

INVESTOR

INVESTOR

INVESTOR

INVESTOR

DEALS

DEALS

DEALS

DEALS


LEAGUE TABLES

2014 VC Investors by Firm HQMOS T AC T IVE EUROPE

Kima Ventures

Index Ventures


Scottish Enterprise

Novo

Octopus Investments

Wellington Partners

Balderton Capital

Partech Ventures

Point Nine Capital

Sunstone Capital

IP Group

Northzone Ventures

DN Capital

Novartis Venture Funds

Seedcamp

Almi Invest


Creandum

Tekes

94

73

60

35

23

23

23

22

19

19

19

17

17

16

16

16

15

15

15

15

INVESTOR DEALS




Almi Invest


Creandum

Caixa Capital Risc

Inlandsinnovation

Portugal Capital Ventures

Faber Ventures

Scottish Enterprise

Octopus Investments

Balderton Capital

IP Group

DN Capital

Seedcamp

Midven

MMC Ventures

Parkwalk Advisors

SOSventures



Real Ventures

Samsung Venture Invest.

Horizons Ventures

Helion Venture Partners

Morningside Group

CyberAgent

Digital Garage

15

15

15

14

10

10

8

35

23

22

17

16

16

14

14

14

14

37

34

33

29

24

20

18

17

17



Index Ventures


Wellington Partners

Point Nine Capital


Earlybird Venture Capital



Siemens Venture Capital

Altair

Eleven Accelerator Venture

Imperious Group

Moscow Seed Fund

Runa Capital

SpeedUp Venture Capital

Group

Novo

Sunstone Capital

Northzone Ventures

Almi Invest

Creandum

Tekes

Inventure

SEED Capital Denmark

Butterfly Ventures

Kima Ventures

Partech Ventures

Alven Capital Partners

Seventure Partners

Go Capital

Rhône-Alpes Création

Sofinnova Partners

73

60

23

19

16

13

13

13

13

8

7

7

7

7

7

23

19

17

15

15

15

14

12

11

94

19

14

12

10

10

10

INVESTOR

INVESTOR

INVESTOR

INVESTOR

DEALS

DEALS

DEALS

DEALS


LEAGUE TABLES

2014 VC Investors by Sector

MOST ACTIVE IN SOF TWARE

Sequoia Capital

Accel Partners

500 Startups

Andreessen Horowitz

Y Combinator

Google Ventures

Kima Ventures

SV Angel

TechStars

KPCB


Intel Capital


Greylock Partners

Khosla Ventures

Index Ventures

First Round Capital


Battery Ventures

Atlas Venture


True Ventures

Redpoint Ventures

DreamIt Ventures

Matrix Partners

63

61

60

58

58

57

56

52

52

43

43

41

38

38

37

36

34

34

31

28

28

28

27

25

23

INVESTOR DEALS

MOST ACTIVE IN COMMERCIAL SERVICES

MOST ACTIVE IN PHARMA & BIOTECH

500 Startups

Kima Ventures

Sequoia Capital


Accel Partners

First Round Capital

Matrix Partners


Y Combinator

500 Startups

Andreessen Horowitz


SV Angel

Redpoint Ventures

Sequoia Capital

Advancit Capital

RRE Ventures

21

16

15

11

10

10

10

10

10

10

9

9

9

7

7

6

6


OrbiMed Advisors

Novo

Atlas Venture



Sofinnova Ventures

ARCH Venture Partners

21

16

15

13

12

12

11

INVESTOR DEALS

MOST ACTIVE IN HC DEVICES

MB Venture Partners

OrbiMed Advisors

Versant Ventures



10

10

10

8

8

INVESTOR DEALS

MOST ACTIVE IN MEDIA

MOST ACTIVE IN HC TECH

HLM Venture Partners

Qualcomm Ventures

Harbert Venture Partners

Rock Health

Social+Capital Partnership

TriStar Technology Ventures

6

6

4

4

4

4

INVESTOR DEALS

MOST ACTIVE IN CLEANTECH

Chrysalix Energy VC

Braemar Energy Ventures

Energy Excelerator

KPCB


Prelude Ventures

Scottish Enterprise

10

7

7

7

6

6

6

INVESTOR DEALS

MOST ACTIVE IN IT HARDWARE

Intel Capital

Google Ventures

Qualcomm Ventures

Andreessen Horowitz

First Round Capital

KPCB


Parkwalk Advisors

VegasTechFund

12

5

5

4

4

4

4

4

4

INVESTOR DEALS


LEAGUE TABLES

2014 VC Investor Exits by Co. HQMOS T AC T IVE GL OBAL

KPCB

Accel Partners


Intel Capital

SV Angel

Y Combinator

Google Ventures

Western Tech Investment

Battery Ventures

Sequoia Capital

Greylock Partners


Venrock

Foundation Capital

TechStars

Index Ventures


500 Startups

First Round Capital

Menlo Ventures


Redpoint Ventures


Greycroft Partners


T. Rowe Price

Atlas Venture


31

30

30

26

26

25

22

21

21

20

20

19

19

18

18

16

16

15

15

14

14

14

13

13

13

13

13

13

INVESTOR EXITS

MOS T AC T IVE U.S .


SV Angel

KPCB

Y Combinator

Accel Partners

Google Ventures

Greylock Partners

Western Tech Investment

Battery Ventures

Venrock

Foundation Capital

Intel Capital


TechStars


First Round Capital

500 Startups

Menlo Ventures



T. Rowe Price

Khosla Ventures

Saints Capital

Greycroft Partners



Foundry Group

Alta Partners

29

26

26

25

23

22

20

20

20

19

17

17

17

17

16

15

14

14

13

13

13

12

12

12

12

12

12

12

INVESTOR EXITS

MOS T AC T IVE EUROPE


Gimv

Life Sciences Partners

T-Venture Holding

Index Ventures

Enterprise Ireland

Tekes

Almi Invest

Advent Venture Partners

Edmond de Rothschild

Scottish Enterprise

CDC Enterprises

Vækstfonden

Finance Wales

Kreos Capital

Wellington Partners

Seventure Partners

Kreditanstalt Fur

Wiederaufbau


Intel Capital

IP Group

DFJ Esprit

13

8

8

8

7

7

6

6

6

6

6

6

6

5

5

5

5

5

5

5

5

5

INVESTOR EXITS


LEAGUE TABLES

LENDERS2014’s Most Active Lenders

Lenders by Deal Location

Lenders by Firm HQ

Lenders by Deal Type

Lenders by Industry

21

22

22

23

23

CONTENTS 2014’S MOST ACTIVE PE LENDERS GLOBAL

GE Capital

BMO Harris Bank

Ares Capital

Madison Capital Funding

PNC Financial Services Group

Credit Suisse

NXT Capital

Goldman Sachs

HSBC Bank

Deutsche Bank

Golub Capital

Bank of Ireland

Fifth Third Bank

Fifth Street

RBC Capital Markets

Bank of America

BNP Paribas

Sumitomo Mitsui Banking

J.P. Morgan

CIT Group

Wells Fargo

Morgan Stanley

Crescent Capital

UBS

KeyBank

Barclays Bank

RBS Group


Monroe Capital


Abacus Finance Group


Barclays Capital

168

111

61

57

43

37

32

31

31

31

29

29

27

23

23

22

21

21

20

19

18

17

16

16

16

15

15

15

13

12

12

11

11

LENDER DEALS


LEAGUE TABLES

2014 Lenders by PE Deal LocationMOST ACTIVE U.S.

MOST ACTIVE U.S.

GE Capital

BMO Harris Bank

Ares Capital


PNC Financial Services Grp

Credit Suisse

NXT Capital

Golub Capital

Bank of Ireland

Fifth Third Bank

Deutsche Bank

Fifth Street

Goldman Sachs

Bank of America

GE Capital

BMO Harris Bank

Ares Capital


PNC Financial Services Grp.

NXT Capital

Goldman Sachs

Golub Capital

Fifth Third Bank

Fifth Street

Bank of America

J.P. Morgan

CIT Group

Wells Fargo

Morgan Stanley

158

105

58

53

35

33

32

29

26

25

23

22

21

19

166

111

61

57

43

32

31

29

27

23

22

20

19

18

17

LENDER

LENDER

DEALS

DEALS

MOST ACTIVE EUROPE

MOST ACTIVE EUROPE

MOST ACTIVE REST OF WORLD


HSBC Bank

BNP Paribas

Barclays Bank

RBS Group


Le Crédit Lyonnais

Deutsche Bank

Goldman Sachs

PNC Financial Services Grp

GE Capital

Crédit Agricole

Credit Suisse

HSBC Bank

Deutsche Bank

Barclays Bank

Bank of Ireland

BNP Paribas

UBS

RBS Group


Le Crédit Lyonnais

Crédit Agricole

Societe Generale Group

ING Bank

Rabobank Group

BMO Harris Bank

RBC Capital Markets

Deutsche Bank

GE Capital

CIT Group

Credit Suisse

Bank of America

HSBC Bank

UBS


Goldman Sachs

International Finance

Corporation

BMO Harris Bank

RBC Capital Markets


Nomura Securities

Macquarie Capital

TD Securities

Mizuho Bank

OTPP

Investec Investment Banking

Bank of Nova Scotia

24

17

14

13

11

10

10

7

7

7

6

37

31

31

31

29

22

16

14

11

10

6

6

6

5

7

6

5

5

4

4

4

4

4

3

3

3

25

23

21

10

8

4

4

3

3

3

LENDER

LENDER

LENDER

LENDER

DEALS

DEALS

DEALS

DEALS

2014 PE Deal Lenders by Firm HQ


LEAGUE TABLES

2014 Lenders by Deal TypeBUYOUTS

GE Capital

BMO Harris Bank


Credit Suisse

HSBC Bank

Ares Capital

Goldman Sachs

NXT Capital


GE Capital

BMO Harris Bank



Ares Capital

HSBC Bank

Fifth Third Bank

Bank of Ireland

Credit Suisse

NXT Capital

Goldman Sachs

BNP Paribas

Morgan Stanley

Deutsche Bank


RBS Group

CIT Group

Bank of America

Crescent Capital

Monroe Capital

Abacus Finance Group

Fifth Street

GE Capital

Bank of America


Wells Fargo

Silicon Valley Bank

BMO Harris Bank

Deutsche Bank

J.P. Morgan

Ares Capital

95

46

42

26

26

26

23

22

21

76

42

27

25

22

18

17

16

16

16

13

12

11

11

11

10

10

10

10

9

9

9

97

49

35

33

26

25

25

24

24

LENDER

LENDER

DEALS

DEALS

OTHER

GE Capital

BMO Harris Bank

Ares Capital



Bank of Ireland

Deutsche Bank

Golub Capital

73

65

35

22

15

15

13

12

LENDER DEALS

2014 PE Lenders by IndustryMOST ACTIVE IN B2B MOST ACTIVE IN B2C


MOST ACTIVE IN IT


GE Capital

BMO Harris Bank

Ares Capital



Golub Capital

Deutsche Bank

HSBC Bank

NXT Capital

GE Capital

BMO Harris Bank

Ares Capital

Golub Capital


NXT Capital

Credit Suisse

59

39

24

16

14

11

10

9

9

37

27

15

13

11

10

7

LENDER

LENDER

DEALS

DEALS

GE Capital

Fifth Street

Ares Capital

Credit Suisse

BMO Harris Bank

Deutsche Bank

Webster Financial

SunTrust Robinson

Humphrey

GE Capital


KeyBank

J.P. Morgan

18

8

8

8

8

7

6

5

8

7

6

4

LENDER

LENDER

DEALS

DEALS

DEBT ONLY FINANCINGSLENDER DEALS


LEAGUE TABLES

I-BANKS & ADVISORS2014’s Most Active I-Banks

I-Banks by PE Deal Location

Advisors/Accountants by PE Deal Location

I-Banks by Deal/Exit Type

Advisors/Accountants by Deal/Exit Type

24

25

25

26

26

CONTENTS 2014’S MOST ACTIVE PE I-BANKS GLOBAL

Goldman Sachs

Houlihan Lokey

Lincoln International

Harris Williams & Co.

Credit Suisse

Robert W. Baird & Co.

Morgan Stanley

Jefferies Group

William Blair & Company

J.P. Morgan

Rothschild Group

RBC Capital Markets

Evercore Partners

Raymond James & Associates

Deutsche Bank

Moelis & Company

Piper Jaffray

Lazard

Bank of America Merrill Lynch

Signal Hill

Barclays Capital

BofA Merrill Lynch

Livingstone Partners

UBS

Simmons & Company International

Citigroup

BB&T Capital Markets

55

55

49

44

41

36

35

34

34

32

30

29

27

26

24

24

24

18

17

16

15

14

14

14

13

12

12

I-BANK DEALS


LEAGUE TABLES

2014 I-Banks by PE Deal LocationMOST ACTIVE U.S.

MOST ACTIVE GLOBAL

Houlihan Lokey


Goldman Sachs


Jefferies Group

Credit Suisse


Morgan Stanley


Raymond James & Assoc.

Piper Jaffray

RBC Capital Markets

Moelis & Company

J.P. Morgan

Evercore Partners

BofA Merrill Lynch

Signal Hill

PricewaterhouseCoopers

Deloitte

KPMG

EY

Grant Thornton

BDO

Duff & Phelps

Mazars

Marsh

BNP Paribas

48

43

35

32

29

28

27

27

26

24

23

22

21

18

15

13

13

97

84

71

69

38

33

18

17

16

14

I-BANK

ADVISOR

DEALS

DEALS

MOST ACTIVE EUROPE

MOST ACTIVE U.S.


MOST ACTIVE EUROPE

Rothschild Group


Altium Capital

J.P. Morgan

Lazard

Livingstone Partners

Credit Suisse

Goldman Sachs


Deutsche Bank

Evercore Partners

Baker Tilly Virchow Krause

Simmons & Company Intl

Houlihan Lokey

Fineurop Soditic

Arma Partners

Deloitte

KPMG

Duff & Phelps


Generational Equity

Intrepid Investment Bankers

Barclays

Wells Fargo & Company

EY


Goldman Sachs

Morgan Stanley

Canaccord Financial

Evercore Partners

Deutsche Bank

CIBC World Markets

Simmons & Company Intl

Signal Hill

TD Securities

RBC Capital Markets

J.P. Morgan


Credit Suisse

Citigroup

BMO Capital Markets

BofA Merrill Lynch


EY

KPMG

Deloitte

Grant Thornton

BDO

Mazars

Marsh

Intuitus

BNP Paribas

27

19

11

11

10

10

10

9

8

8

7

6

6

5

5

5

30

16

15

12

10

7

7

7

6

6

11

6

5

5

4

4

3

3

3

3

3

3

3

3

3

3

76

56

50

48

36

32

17

16

13

13

I-BANK

ADVISOR

I-BANK

ADVISOR

DEALS

DEALS

DEALS

DEALS

2014 Deal Advisors/Accountants by PE Deal Location


LEAGUE TABLES

2014 I-Banks by Deal TypeBUYOUTS

Goldman Sachs


Houlihan Lokey


Credit Suisse



Morgan Stanley

J.P. Morgan

Rothschild Group

Jefferies Group

RBC Capital Markets

Evercore Partners

Deutsche Bank

Piper Jaffray


49

48

47

42

37

34

34

32

29

28

27

25

24

23

19

18

I-BANK DEALS

PE- & VC-BACKED IPOS PE- & VC-BACKED AQUISITIONS

BUYOUTS PE- & VC-BACKED IPOS PE- & VC-BACKED AQUISITIONS

Morgan Stanley

Goldman Sachs

J.P. Morgan

Credit Suisse

Canaccord Financial

Stifel Nicolaus & Company

Jefferies Group

Deutsche Bank

UBS


RBC Capital Markets


Barclays Capital

Cowen and Company

Piper Jaffray

Goldman Sachs

Houlihan Lokey




Credit Suisse

J.P. Morgan

Morgan Stanley


Piper Jaffray

Jefferies Group

Barclays Capital

Rothschild Group

Moelis & Company

RBC Capital Markets

Lazard


Deloitte

EY

KPMG

BDO

Grant Thornton

Duff & Phelps

Marsh

Mazars

BNP Paribas

Generational Equity

EY


Deloitte

KPMG


HSBC Bank

Mizuho Securities

Barclays Bank


KPMG

Deloitte

EY

Barclays

TRC Companies

Duff & Phelps

Grant Thornton

BDO


85

80

80

64

49

47

47

45

43

42

39

38

38

37

37

51

50

49

47

44

42

41

39

33

30

28

26

25

25

25

24

90

71

62

61

27

27

17

15

15

12

12

73

51

37

35

35

12

11

9

37

37

30

26

16

11

11

11

9

9

I-BANK I-BANK

ADVISOR ADVISOR ADVISOR

DEALS DEALS

DEALS DEALS DEALS

2014 Deal Advisors/Accountants by Deal Type


LEAGUE TABLES

LAW FIRMSMost Active VC Law Firms

Law Firms by VC Deal Location

Law Firms by PE Deal Location

Law Firms by Deal Type

Law Firms by VC Sector

Law Firms by PE Industry

27

28

29

30

31

32

CONTENTS 2014’S MOST ACTIVE VC LAW FIRMS GLOBAL

Gunderson Dettmer

Wilson Sonsini Goodrich & Rosati

Cooley

DLA Piper

Goodwin Procter

Fenwick & West

O’Melveny & Myers

Orrick Herrington & Sutcliffe

Morgan, Lewis & Bockius

Jones Day

Perkins Coie

Dorsey & Whitney

Latham & Watkins

Ropes & Gray

Pillsbury Winthrop Shaw Pittman

Morrison & Foerster

Sidley Austin

Silicon Legal Strategy

Mintz Levin Cohn Ferris

WilmerHale

Osborne Clarke

Dechert

Foley Hoag

Stradling Yocca Carlson & Rauth

Paul Hastings

Honigman Miller Schwartz and Cohn

Choate Hall & Stewart

610

342

277

277

202

102

82

64

63

57

51

30

29

23

21

19

18

16

16

14

11

10

10

9

9

9

9

LAW FIRM DEALS


LEAGUE TABLES

Law Firms by VC Deal LocationMOS T AC T IVE U.S .

Gunderson Dettmer

Wilson Sonsini

DLA Piper

Cooley

Goodwin Procter

Fenwick & West

O’Melveny & Myers



Perkins Coie

Jones Day

Latham & Watkins

Dorsey & Whitney

Ropes & Gray

Pillsbury Winthrop

Sidley Austin

Morrison & Foerster


Mintz Levin

WilmerHale

Foley Hoag

520

325

266

265

193

101

61

58

50

47

32

29

26

21

21

17

16

16

16

13

10

LAW FIRM DEALS



Gunderson Dettmer

Wilson Sonsini

Cooley

DLA Piper

Fenwick & West

Goodwin Procter

O’Melveny & Myers


Perkins Coie

Latham & Watkins


Pillsbury Winthrop Shaw

Pittman

Gunderson Dettmer

Jones Day


Osborne Clarke

Dechert

JAGShaw Baker

King & Wood

Gunderson Dettmer

O’Melveny & Myers

Wilson Sonsini

DLA Piper

Cooley

Goodwin Procter

Blake Cassels & Graydon


Perkins Coie

314

238

158

143

94

93

48

45

38

23

21

19

27

25

14

11

9

7

6

63

20

16

10

9

8

7

4

4

LAW FIRM LAW FIRM LAW FIRMDEALS DEALS DEALS

MOST ACTIVE WEST COAST MOST ACTIVE EUROPE MOST ACTIVE REST OF WORLD

Gunderson Dettmer

Goodwin Procter

Cooley

DLA Piper

WilmerHale

Wilson Sonsini

Mintz Levin

Gunderson Dettmer

Cooley

Wilson Sonsini

Dorsey & Whitney

DLA Piper

Jones Day

Goodwin Procter

Honigman Miller

Wilson Sonsini

DLA Piper

Gunderson Dettmer

Vinson & Elkins

Cooley

Gunderson Dettmer

DLA Piper

Cooley

Wilson Sonsini

Goodwin Procter


57

54

16

15

9

9

9

17

9

9

9

7

6

5

5

19

14

4

4

3

107

57

56

30

30

25

LAW FIRM

LAW FIRM

LAW FIRM

LAW FIRM

DEALS

DEALS

DEALS

DEALS


LEAGUE TABLES

Law Firms by PE Deal Location

MOST ACTIVE GREAT LAKES MOST ACTIVE MID-ATLANTIC MOST ACTIVE NEW ENGLAND

MOST ACTIVE WEST COAST MOST ACTIVE REST OF WORLDMOST ACTIVE SOUTH

Kirkland & Ellis

DLA Piper

Jones Day

Latham & Watkins

Ropes & Gray

Paul Hastings

Paul Weiss

Weil, Gotshal & Manges

Shearman & Sterling

Dechert

O’Melveny & Myers

Vinson & Elkins

Kirkland & Ellis

DLA Piper

Jones Day

Ropes & Gray

Paul Weiss

Paul Hastings

Latham & Watkins


Sidley Austin

Vinson & Elkins

Goodwin Procter

Dechert


DLA Piper

Latham & Watkins

Osborne Clarke

Jones Day

Squire Patton Boggs

Kirkland & Ellis

Dechert

Pinsent Masons

Addleshaw Goddard

Paul Hastings

Cuatrecasas

King & Wood

Shearman & Sterling

233

118

114

89

83

77

76

60

58

53

49

41

195

84

80

69

62

56

55

46

37

37

34

32

30

31

31

29

23

22

22

20

19

19

16

16

15

15

LAW FIRM LAW FIRM LAW FIRMDEALS DEALS DEALS

MOST ACTIVE GLOBAL 2014 MOST ACTIVE U.S. 2014 MOST ACTIVE EUROPE 2014

Kirkland & Ellis

Ropes & Gray


Jones Day

Simpson Thacher & Bartlett

Kirkland & Ellis

Paul Weiss

Jones Day

DLA Piper


Latham & Watkins

Ropes & Gray

Paul Hastings

Kirkland & Ellis

Jones Day

Ropes & Gray

Paul Hastings

DLA Piper

O’Melveny & Myers

Gunderson Dettmer

Kirkland & Ellis


Stikeman Elliott

Shearman & Sterling

O’Melveny & Myers

Jones Day

Davies Ward Phillips and

Vineberg

Kirkland & Ellis

Vinson & Elkins

DLA Piper

Jones Day

Ropes & Gray

Sidley Austin

Latham & Watkins

Paul Weiss

Kirkland & Ellis

DLA Piper

Ropes & Gray

Jones Day

Paul Weiss

Goodwin Procter


Latham & Watkins

14

10

8

6

4

40

17

16

12

11

11

10

10

29

16

16

15

15

14

11

16

15

15

14

13

11

10

26

20

15

13

11

11

11

11

41

22

14

13

11

10

9

9

LAW FIRMLAW FIRM

LAW FIRM LAW FIRMLAW FIRM

LAW FIRM DEALSDEALS

DEALS DEALSDEALS

DEALS


LEAGUE TABLES

2014 Law Firms by VC Deal Type

2014 Law Firms by PE Deal Type

Gunderson Dettmer

Wilson Sonsini

DLA Piper

Cooley

Goodwin Procter

O’Melveny & Myers


Fenwick & West

Jones Day


Perkins Coie

Dorsey & Whitney

Sidley Austin

Pillsbury Winthrop


Kirkland & Ellis

Jones Day

DLA Piper

Latham & Watkins

Paul Hastings

Ropes & Gray

Paul Weiss


Dechert

Shearman & Sterling

O’Melveny & Myers

Squire Patton Boggs

Goodwin Procter

Gunderson Dettmer

Wilson Sonsini

Cooley

DLA Piper

Goodwin Procter

Fenwick & West

O’Melveny & Myers


Perkins Coie

Jones Day

Latham & Watkins


Ropes & Gray

Morrison & Foerster

Dorsey & Whitney

DLA Piper

Kirkland & Ellis

Paul Weiss

Jones Day

Ropes & Gray

Vinson & Elkins

O’Melveny & Myers

Shearman & Sterling

Dorsey & Whitney




Goodwin Procter

Latham & Watkins

Cooley

Ropes & Gray

Kirkland & Ellis

Fenwick & West

DLA Piper

Wilson Sonsini

Davis Polk

Jones Day

O’Melveny & Myers

Gunderson Dettmer

Covington & Burling

Shearman & Sterling

Mintz Levin

Kirkland & Ellis

Latham & Watkins


Paul Weiss

Ropes & Gray

Jones Day


Skadden Arps

Goodwin Procter

Paul Hastings

DLA Piper

Shearman & Sterling

Proskauer

370

181

143

121

102

45

41

38

33

27

25

14

10

9

8

209

96

89

81

71

65

55

51

49

46

35

33

33

240

160

156

134

100

64

37

36

26

24

24

23

17

16

16

29

24

21

18

18

16

14

12

11

9

9

9

55

47

40

24

24

23

23

22

19

17

17

15

14

12

11

132

72

38

37

36

32

31

30

29

25

24

24

24

LAW FIRM

LAW FIRM

LAW FIRM

LAW FIRM

LAW FIRM

LAW FIRM

DEALS

DEALS

DEALS

DEALS

DEALS

DEALS

MOST ACTIVE EARLY STAGE

MOST ACTIVE BUYOUTS

MOST ACTIVE LATE STAGE

MOST ACTIVE OTHER

MOST ACTIVE EXITS (IPO & ACQ.)

MOST ACTIVE EXITS (IPO & ACQ.)


LEAGUE TABLES

2014 Law Firms by VC Sector

MOST ACTIVE IN SOF TWARE

Gunderson Dettmer

Wilson Sonsini

DLA Piper

Cooley

Goodwin Procter

Fenwick & West

O’Melveny & Myers


Jones Day

431

211

181

156

132

65

49

47

37

LAW FIRM DEALS

MOST ACTIVE IN COMMERCIAL SERVICES

MOST ACTIVE IN PHARMA & BIOTECH

Gunderson Dettmer

Wilson Sonsini

Cooley

DLA Piper

Goodwin Procter


Fenwick & West

Perkins Coie

O’Melveny & Myers

Jones Day

Gunderson Dettmer

Wilson Sonsini

DLA Piper

Goodwin Procter

Fenwick & West

Cooley

Perkins Coie

O’Melveny & Myers



113

59

59

37

34

16

16

15

10

10

79

24

22

19

15

12

9

6

5

5

LAW FIRM LAW FIRMDEALS DEALS

Cooley

Goodwin Procter

Gunderson Dettmer

Wilson Sonsini

DLA Piper

Latham & Watkins

Mintz Levin

O’Melveny & Myers

34

29

23

23

13

8

7

6

LAW FIRM DEALS

MOST ACTIVE IN HC DEVICES

Wilson Sonsini

Cooley

Gunderson Dettmer

DLA Piper

Dorsey & Whitney

Goodwin Procter

Latham & Watkins

50

28

27

13

10

10

10

LAW FIRM DEALS

MOST ACTIVE IN MEDIA

MOST ACTIVE IN HC TECH

Gunderson Dettmer

Wilson Sonsini

Cooley

DLA Piper

Goodwin Procter

Fenwick & West


Dorsey & Whitney

Fitzgerald Abbott &

Beardsley

26

17

14

14

10

5

4

4

3

LAW FIRM DEALS

MOST ACTIVE IN CLEANTECH

Gunderson Dettmer

Goodwin Procter

DLA Piper

Wilson Sonsini

6

4

3

3

LAW FIRM DEALS

MOST ACTIVE IN IT HARDWARE

Wilson Sonsini

Gunderson Dettmer

Cooley

DLA Piper



Goodwin Procter

Fenwick & West

16

14

12

9

5

5

4

4

LAW FIRM DEALS


LEAGUE TABLES

2014 Law Firms by PE IndustryMOST ACTIVE IN B2B


Kirkland & Ellis

Jones Day

DLA Piper

Latham & Watkins

Paul Hastings

Ropes & Gray

Paul Weiss


Squire Patton Boggs

O’Melveny & Myers

Dechert

Kirkland & Ellis

Ropes & Gray

Paul Hastings

DLA Piper

Latham & Watkins

Jones Day

Bass, Berry & Sims

Dechert


Shearman & Sterling

91

58

40

39

29

26

25

22

22

21

21

31

22

21

19

17

12

10

10

9

8

LAW FIRM

LAW FIRM

DEALS

DEALS

MOST ACTIVE IN B2C


Kirkland & Ellis

Jones Day

DLA Piper

Paul Weiss


O’Melveny & Myers

Ropes & Gray

Latham & Watkins

Dechert


Paul Hastings

Vinson & Elkins

DLA Piper

Jones Day

O’Melveny & Myers

Osborne Clarke

Latham & Watkins

Kirkland & Ellis

Shearman & Sterling

Paul, Weiss

Kirkland & Ellis

DLA Piper

Shearman & Sterling

Jones Day

Ropes & Gray

Goodwin Procter

Latham & Watkins

Paul Hastings




Kirkland & Ellis

Paul Weiss

Jones Day

Latham & Watkins

DLA Piper

Ropes & Gray

Shearman & Sterling

Dechert

69

33

31

27

24

22

19

18

17

16

16

29

11

9

8

8

7

7

7

6

62

25

19

18

17

15

15

13

11

11

11

31

18

16

15

14

13

11

10

LAW FIRM

LAW FIRM

LAW FIRM

LAW FIRM

DEALS

DEALS

DEALS

DEALS

MOST ACTIVE IN IT

MOST ACTIVE OTHER


LEAGUE TABLES

ACQUIRERS2014’s Most Active Acquirers of PE-backed Companies

Acquirers of PE-backed Cos. by Deal Location & Type

Acquirers of VC-backed Cos. by Deal Location & Type

33

34

35

CONTENTS 2014’S MOST ACTIVE ACQUIRERS OF PE-BACKED COMPANIES GLOBAL


The Carlyle Group

Audax Group

Ardian

Bpifrance

GTCR Golder Rauner

ABRY Partners



EQT

Goldman Sachs


Apax Partners

Ares Private Equity Group


Charterhouse Capital Partners

Intermediate Capital Group

Stone Point Capital


11

10

9

8

7

7

6

6

6

6

6

6

5

5

5

5

5

5

5

ACQUIRER DEALS

WANT TO BECOME A SPONSOR?PitchBook reports reach thousands of industry professionals every month. Contact us for the opportunity to advertise or sponsor.

Email Lisa Helme Danforth

Managing Director, Strategic Business Development

[email protected]

2015LEAGUE TABLE

PE & VC GLOBAL

REPORT

Most active PE firms

in 2014 by industry,

AUM, location

Most active VC firms

of 2014 by stage, sector,

firm HQ

Top lenders by region

and industry

4 13 21Top law firms for VC and PE

industries

27



LEAGUE TABLES

Acquirers of PE-backed Cos. by Deal Location & TypeMOST ACTIVE U.S.

GLOBAL SECONDARY BUYOUTS

Audax Group


ABRY Partners



The Carlyle Group

Audax Group


The Carlyle Group

Bpifrance


Ardian


GTCR Golder Rauner

Apax Partners

Ares Private Equity Group

EQT


9

9

6

6

5

5

9

8

8

7

6

6

6

6

5

5

5

5

ACQUIRER

ACQUIRER

DEALS

DEALS

MOST ACTIVE EUROPE

GLOBAL MERGERS/ACQUISITIONS


Ardian

Bpifrance


EQT

Bridgepoint


Intermediate Capital Group

Naxicap Partners

Post Holdings

Sierra-Cedar

1845 Oil Field Services

Ametek

AMN Healthcare Services

Atrenne Integrated Solutions

Capita

Carrols Restaurant Group

ClubCorp USA

Old Mutual

Sensata Technologies

Solera Holdings

TriWest Capital Partners

Eurazeo

Kazkommertsbank

Liquid Capital Partners

Metalmark Capital

NW Capital Appreciation

PTW Energy Services

SCM Insurance Services

The Carlyle Group

TorQuest Partners

8

7

5

5

4

4

4

4

4

4

3

3

3

3

3

3

3

3

3

3

3

2

2

2

2

2

2

2

2

2

ACQUIRER

ACQUIRER

ACQUIRERDEALS

DEALS

DEALS


LEAGUE TABLES

Acquirers of VC-backed Cos.by Deal Location & TypeMOST ACTIVE GLOBAL

GLOBAL BUYOUTS

Google

Yahoo!

Twitter

Apple

Dropbox

Facebook

Microsoft


Oracle

Amazon.com

Audax Group

Covidien

Delivery Hero


Qualcomm

Samsung Electronics

TA Associates

Teradata



Audax Group


TA Associates


17

14

8

6

6

6

6

6

5

4

4

4

4

4

4

4

4

4

4

6

4

4

4

4

ACQUIRER

ACQUIRER

DEALS

DEALS

MOST ACTIVE U.S.

GLOBAL MERGERS/ACQUISITIONS

MOST ACTIVE EUROPE


Google

Yahoo!

Twitter

Apple

Dropbox

Facebook

Oracle


Amazon.com

Audax Group


Samsung Electronics

TA Associates


Google

Yahoo!

Twitter

Apple

Dropbox

Facebook

Microsoft

Oracle

Amazon.com

Covidien

Delivery Hero

Qualcomm

Samsung Electronics

Teradata

ActoMezz

BlackBerry


Coolabi

EnerNOC

Fei

REWE Group

U-blox

World Wide Web Ibercom

Yelp

Delivery Hero

Highline.vc

Microsoft

15

14

8

5

5

5

5

5

4

4

4

4

4

4

17

14

8

6

6

6

6

5

4

4

4

4

4

4

2

2

2

2

2

2

2

2

2

2

3

2

2

ACQUIRER

ACQUIRER

ACQUIRER

ACQUIRER

DEALS

DEALS

DEALS

DEALS

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Documents

REPORT 4 13 21 27 - goodwinlaw.com/media/F965F1E537A246038DBE15EF9… · 3 PITCHBOOK 2015 GLOBAL PE & VC LEAGUE TABLES METHODOLOGY LEAGUE TABLES All league tables are compiled using