Our recently published quarterly PE snapshot, which uses data sourced from the PitchBook Platform, showed that 922 PE deals closed in 2Q 2014, down from 1Q, but the median deal size jumped 59% from 2013's second quarter as capital invested clocked in at $220.8 billion. High purchase price multiples and increased deal competition are partly behind these trends. Among the largest deals for 2Q were transactions for Signode Industrial Group at $3.2 billion, Vinci Park at $2.7 billion (€2 billion) and IMG Worldwide at $2.4 billion (£1.4 billion). There was also a rise in capital raised from 1Q 2014, bolstered by the close of several multi-billion-dollar vehicles and 87% of funds meeting their fundraising targets. Additionally, B2B's continued popularity showed no sign of stopping.
In case you missed it yesterday, you can find out which funds raked in the most commitments in 2Q, which investors closed the most deals and which investors completed the most exits in our datagraphic, available here.