This article is part of Bain’s 2019 Global Healthcare Private Equity and Corporate M&A Report. Private equity interest in healthcare hit a record again in 2018, according to Boston-based consulting firm Bain & Company. This is most pronounced in North America, where, according to CEPRES, multiples on invested capital on healthcare PE investments made during recessions meaningfully outperform those in other industries; in Europe, performance is in line with the rest of the market (see Figure 14). Bain Capital, LP is one of the world’s leading private multi-asset alternative investment firms with approximately $120 billion of assets under management that creates lasting impact for our investors, teams, businesses, and the communities in which we live. PE consulting at Bain has grown eightfold over the past 15 years and now represents about one-quarter of the firm’s global business. As multiple expansion continues to become a smaller component of PE returns, the middle of the market becomes a more difficult place to play, though some funds still could win there. Investors will no longer be able to rely on market-wide multiple expansion to generate returns. The formations of sector-specific vehicles over the past few years, such as Bain Capital Life Sciences and Blackstone Life Sciences, and recent deal experiences have given these large funds both the infrastructure and know-how to execute in the space. These help us understand how you use our site, like which pages you visited, so we can improve website functionality. Private equity (PE) and venture capital (VC) investment in the country rose to its 10-year peak primarily due to the … The size of the average healthcare private equity deal rose 25 percent, to $78.9 billion, in 2019, according to Bain and Company's ninth Global Healthcare Private Equity and Corporate M&A Report. Funds also will invest more heavily in developing a value-creation plan early in the investment life cycle in order to focus the management team on the most critical activities. You can also read our Cookie Policy for more detailed information. New Delhi: India continued to be the second-largest deal market in the Asia-Pacific region in 2019 with over 1,000 private equity and venture capital pacts valued at $45 billion - the highest in the last decade, a report by Bain & Company said on Wednesday. Political fractures widened in many countries. We expect to see a greater prevalence of funds building and adding to platforms, especially in the provider and biopharma sectors, both of which benefit from scale but remain fragmented. These are typically provided by third parties, such as social networks, to help deliver relevant content for you. As a headliner, 2018 was a blockbuster year for Healthcare M&A at $435B. We maintain a global network of more than … As Europe’s economy slows, the perceived safety of the healthcare industry has continued to attract investor interest, Bain & Co noted in its Global Healthcare Private Equity and Corporate M&A Report 2019. Global Private Equity Report Predicts Creativity and Flexibility to Drive Value in 2019 News provided by. It faces the new reality that the high, noncyclical growth rates it has enjoyed in the past are unlikely to continue, given global pressures to contain healthcare costs. Our 11th annual report shows another great year for PE. Private equity fended off macroeconomic risks in 2019 to log another solid performance, and healthcare in particular expanded its share of overall deal activity. For example, the US incurred its longest government shutdown, anti-government protests shocked the French government, and the UK’s Brexit negotiations faltered. The leveraged loan market, which is critical for investors, tightened further as interest rates rose. Investors flocked to recession-resistant healthcare investments ahead of a possible downturn. WPP is expected to receive $3.1 billion in proceeds, part … Explore the contents of the report here or download the PDF to read the full report.. *I have read the Privacy Policy and agree to its terms. Explore the contents of the report here or download the PDF to read the full report. Hawkish actions of central banks hastened the retreat, especially in the US, where the Federal Reserve continued to hike interest rates and unwind its balance sheet simultaneously. European healthcare … We maintain a global network of more than … In fact, as public valuations erode, funds could look harder at public markets for opportunities. Could the service models emerging today alter the course of healthcare permanently? Relative market share may matter more. United States-based management consulting firm Bain & Co., Inc. said the Philippines might benefit in global efforts to diversify supply chains and focus on business process … 2019 High-Growth Firms – Facts, Fiction, and Policy Options for Emerging Economies 2018 EMPEA Global Limited Partners Survey 2018 2016 Guide to Angel, Venture Capital & Private Equity 2015 Private Equity in The Indian Education Sector India Electricity Sector Transformation:… We maintain a global network of more than 1,000 experienced professionals serving … There could be a wider fan of outcomes in future deal returns. Disciplined, data-driven funds will find their way to top-quartile deals by backing winning companies, deploying a systematic value-creation playbook and doing their part to transform the global healthcare industry. PE consulting at Bain has grown eightfold over the past 15 years and now represents about one quarter of the firm’s global business. Stay ahead in a rapidly changing world. Private market assets under management (AUM) grew by 10 percent in 2019, and $4 trillion in the past decade, an increase of 170 percent (Exhibit 1), while the number of active private equity (PE) firms has more than doubled and the number of US sponsor-backed companies has increased by 60 percent. 6 Private Equity Trend Report 2019 Preface As the largest PE market in Europe, the UK’s withdrawal from the EU appears to be having a significant impact. Yet the willingness to write these larger checks will come with risks, such as exposing a larger portion of a fund to a single investment or taking on more complex assets with multiple businesses.

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