Our Private Equity Group provides trusted counsel derived from deep industry knowledge to established as well as up-and-coming private equity firms. We represent firms of every size across the spectrum of investment strategies, and we build long-standing relationships with our clients. As active participants in the private equity industry, we are able to advise our clients on the latest innovations, as well as current market practices and trends.
October 2014 Private Equity Digest
October 20, 2014 download pdf
In this edition of the Paul, Weiss Private Equity Digest, we include the second of a two-part series on working capital adjustments and the issues encountered in these provisions.
In market news, sponsor-related M&A activity in the U.S. was up last month, despite a general cooling in the overall M&A market. U.S. sponsor-related M&A activity by number of deals and by total dollar value has been on an upward trend since June 2014, with the exception of August, which saw a slight drop in the number of deals compared to July 2014. Global sponsor-related M&A activity is more mixed, with total dollar value down from a particularly robust August, but number of deals increasing significantly over that same period. U.S. sponsor-backed exits by number saw a decline from August 2014 to September 2014, while the total dollar value of such exits increased slightly during that same period.
U.S. private equity fundraising saw a decline in dollar value from $12.8 billion in August 2014 to $9.3 billion in September 2014, and also by number from 17 such transactions in August 2014 to 13 in September 2014. This continues a generally flat or downward trend in both statistics that started in June 2014.