Private Equity Deals: Top 5 Most Active Deal Makers YTD 2011

by Kevin Neadley

  • 28 Jul 2011
  • PE

2011 YTD has been promising in terms of private equity-backed deals. 723 deals with an aggregate value of $78.6 billion were announced globally in Q2 2011, marking a post-Lehman high. But, which firms have been more active so far this year? Below we have compiled a list of the top five most active private equity firms so far in 2011. The ranking is based on announced and completed deals and deal values.
Apax Partners tops our list having made 20 deals with an aggregate deal value of $11.26 billion. Having made 10 deals throughout 2010 and invested an aggregate $6.3 billion during this period, the firm has already surpassed last year’s investment activity. This year it has struck deals in IT, healthcare, media, and insurance, across Europe, North America and Asia. Recently Apax, alongside Canada Pension Plan Investment Board and the Public Sector Pension Investment Board, entered into a definitive agreement to acquire Kinetic Concepts for $6.3 billion, including outstanding debt.
Bain Capital comes in second having made 17 deals with an aggregate deal value of $10.06 billion. The firm has been an active deal maker this year, sourcing opportunities across a variety of industry sectors such as transportation in India, IT in the UK, and media, healthcare and retail in the US. It is currently entered into a definitive agreement to acquire the European alarm monitoring company, Securitas Direct, alongside Hellman & Friedman and existing management, for an enterprise value of SEK 21 billion. Upon completion this deal will be the firm’s largest transaction in 2011.
London-based CVC Capital Partners holds the third spot on our list having made nine deals with an aggregate deal value of $8.29 billion. Having completed the $1.7 billion buyout of Capio Spanish Hospitals from Apax Partners and Nordic Capital, CVC is still looking to add larger deals to its portfolio and has announced plans to acquire a majority position in ConvergEx for $2 billion, and to take BJ's Wholesale Club, Inc. private alongside Leonard Green & Partners in a deal valued at $2.8 billion.

Kohlberg Kravis Roberts (KKR) is fourth with 26 deals made in the year so far, with an aggregate deal value of $7.89 billion. KKR have completed deals in 15 portfolio companies, with five of these deals in the US food industry. Having acquired US Foodservice Inc. alongside Clayton Dubilier & Rice in July 2007, for $7.1 billion, KKR has looked to consolidate this industry through ‘add-on’ acquisitions in Midway Produce Inc., Ritter Food Service, Cerniglia Products, Inc., Great Western Meats, Inc., and Vesuvio Foods, Inc.

Fifth on our list is Clayton Dubilier & Rice, which has made 10 deals with an aggregated deal value of $7.16 billion. Having completed the $3.2 billion public to private transaction for Emergency Medical Services in May 2011, Clayton Dubilier & Rice are looking to add further deals of similar size to their existing portfolio. At the end of May this year, an investment consortium comprised of Clayton Dubilier & Rice, Caisse de depot et placement du Quebec, and AXA Private Equity announced plans to acquire France-based engineering company SPIE from PAI Partners for $3 billion.

Continue browsing industry reports, publications, conferences, blogs and more on Preqin Insights