The PitchBook Q3 2019 US PE Breakdown has named Audax as the most active add-on investor.
Private equity firms are living in the age of the add-on.
Through the first nine months of the year, add-ons to existing portfolio companies accounted for 68% of all private equity investments in the US—the highest annual rate on record—according to PitchBook's 3Q 2019 US PE Breakdown. With deal multiples spiking across the broader buyout market, this inorganic growth is one of the few ways left for investors to find the potential for value creation to which they've grown accustomed.
Please see link below to the original article:
https://pitchbook.com/news/articles/these-6-firms-are-keying-2019s-record-rate-of-add-ons
