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.
March 2014 Private Equity Digest
March 19, 2014 download PDF
In this issue, we examine the implications of the U.S. Foreign Corrupt Practices Act on sponsor M&A transactions.
In fundraising and M&A market news, February was generally a down month compared to December 2013 and January 2014. Sponsor deal activity decreased significantly across the board, as we saw declines in the number and dollar volume of U.S. sponsor-backed exits and global and U.S. sponsor-related M&A transactions. The only upward movement was in U.S. private equity fundraising, which saw an increase in capital raised as compared to January but a decrease in the number of funds closed. Notwithstanding the increase in capital raised in February, however, we note that those figures still show a significant decline when compared to year-end 2013 statistics.