Washington, Oregon Taking Bigger Share of West Coast PE Activity
October 07, 2013
California's share of private equity activity has declined against its West Coast peers in recent years, according to the PitchBook Platform. In 2011, California raked in 83% of all PE deals in the West Coast region, but that number whittled down to 80% last year and 76% so far this year. Washington, by contrast, has accounted for 14% of all regional PE activity in year-to-date 2013, up from 12% in 2011, and Oregon is up to 9% this year, compared to 5% in 2011.
A few other notable trends: PE activity in West Coast-based healthcare companies rose 77% between 2011 and 2012, and took in a greater share of overall activity in 2012 (17%) than in the previous year (10%), as well. Investment in the financial services industry is rebounding from a tough 2012, with more deals completed already this year (15) than all of last year (11).
Minority growth investments have become more popular recently. They accounted for 15% of all PE activity in the region in 2011, and rose to 18% last year and 20% so far this year. Buyouts as a percentage are down slightly, from 33% in 2011 to just under 30% in year-to-date 2013.