One month into 2020 and we’re already seeing a flurry of activity in the Private Equity space. There were 471 PE investments closed in January, per Pitchbook, and a large number of others announced and/or in process that we expect to close in Q1 but that we did not include in this analysis. Surprisingly, nearly half of all investments fell into the category of B2B Products and Services, a broad grouping that included several large property portfolios as well as core industrial-related businesses focused on manufacturing and commercial services. Technology companies, which typically dominate these deal count charts, experienced less overall transaction volume in the month. But a number of high-profile announcements, including the $5B buyout of backup data provider Veeam by Insight Partners, are expected to close Q1 and will likely push Technology to the top of the quarterly rankings yet again.
As a firm, DCA is actively pursuing investments in a number of targeted industries and sectors including Commercial Services, Food & Agriculture, and Information Technology.