
Buyout rankings: who has invested most across Europe since April?

Unquote tallies the top 10 most active GPs across the European buyout space amid the coronavirus turmoil.
Buyout activity took a battering in the second quarter of the year, as most countries across Europe went into strict lockdowns and GPs focused on bolstering their existing portfolios.
Nevertheless, buoyed by significant war chests built up over a prolific period of fundraising in the past three years, a number of GPs remained active and started inking more deals towards the end of Q2.
The third quarter also marked somewhat of a return to form for the European buyout space, based in part on sustained deployment efforts by the firms highlighted in the tables below. According to Unquote Data, the number of European buyouts jumped to 239 from 153 in Q2, nearly matching the Q1 volume of 248 deals. Aggregate value amounted to €40.6bn, a sharp increase from the meagre €18.3bn seen in Q2, but still slightly subdued compared to the €56.4bn recorded in the same period last year.
Methodology: the following tables display the volume and aggregate enterprise value of buyouts announced between 1 April 2020 (as the majority of deals announced in March 2020 would have been negotiated, and often signed, pre-coronavirus) and 5 November 2020. In the volume ranking table, GPs with the same volume of deals were sorted by the aggregate value of these investments, in descending order. Aggregate values are based on both publicly disclosed and estimated deal valuations. All data is sourced from Unquote Data.
Top 10 most active GPs by number of investments
Click on the GP's name to access their full profile on Unquote Data, including a list of their recent deals.
GP | Deal volume | Est. value of deals (€m) |
BPI France | 11 | 382 |
EQT | 7 | 7,860 |
Ardian | 7 | 3,990 |
KKR | 5 | 5,162 |
Waterland Private Equity | 5 | 321 |
Siparex Group | 5 | 159 |
Callista Private Equity | 5 | 107 |
Warburg Pincus | 4 | 3,095 |
Carlyle Group | 4 | 2,261 |
IK Investment Partners | 4 | 1,506 |
Note: a number of GPs were tied on four transactions each, before the sorting by aggregate value was applied. Other firms that inked four buyout deals across the period include Towerbrook Capital Partners, Nordic Capital, Verdane, Nord Holding, Mutares, Lafayette Capital Partners and Levine Leichtman.
Top 10 most active GPs by aggregate value of investments
Click on the GP's name to access their full profile on Unquote Data, including a list of their recent deals.
GP | Est. value of deals (€m) | Deal volume |
EQT | 7,860 | 7 |
TDR Capital | 7,466 | 1 |
KKR | 5,162 | 5 |
Permira | 5,004 | 3 |
Ardian | 3,990 | 7 |
TA Associates | 3,779 | 3 |
CVC Capital Partners | 3,690 | 2 |
BC Partners | 3,600 | 1 |
Warburg Pincus | 3,095 | 4 |
Bridgepoint | 2,300 | 2 |
All data sourced from Unquote Data as of 5 November 2020. If you would like to bring transactions to our attention, please get in touch
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater