PE middle-market buyout count as a share of all PE buyouts Download PitchBook’s Report here. We believe that tighter spreads and the reduction in base rates that still lie ahead bode well for a continued strengthening in the middle-market buyout market…. Subscribe to Read MoreAlready a member? Log in here...
PE exit/investment ratio Download PitchBook’s Report here. GPs that have held out for better exit conditions stretched out the median holding period of PE investments, which reached a record of 6.4 years for US PE middle-market assets in 2023…. Subscribe to Read MoreAlready a member? Log in here...
Healthcare IT PE deal count Download PitchBook’s Report here. In the lower middle market, we are beginning to see more examples of a phenomenon we have anticipated for a while: PE firms and PE-backed companies acquiring VC-backed startups…. Subscribe to Read MoreAlready a member? Log in here...
Platform LBO and growth equity as a share of all PE deals Download PitchBook’s Report here. In the second quarter of 2024, add-on transactions accounted for a significant 77.4% of all PE buyouts, marking an increase of 226 basis points over the 2023 average…. Subscribe to Read MoreAlready a member? Log in here...
Quarterly rolling one-year PE fund performance by size Download PitchBook’s Report here. Breaking down the data by fund sizes, middle-market buyout funds have outperformed megafunds for six consecutive quarters…. Subscribe to Read MoreAlready a member? Log in here...
Deals with nonbacked companies as targets as a share of all PE buyouts by quarter Download PitchBook’s Report here. Borrowing costs remain elevated and will likely stay that way for the remainder of 2024. As a result, PE firms continue to look further down market at companies with lower, more favorable purchase prices to compensate for…
Continuation-fund-related PE exit count Download PitchBook’s Report here. Looking ahead, the forces driving the recent acceleration in continuation funds remain in place. Traditional M&A and IPO exits recovered in H1 2024 but only modestly so. They remain well below historical averages relative to AUM and the 23,300 companies accumulated by PE funds in North America and…
PE exit/investment ratio Download PitchBook’s Report here. GPs need to address the oncoming maturity wall of their existing investments, and many are turning to continuation funds to extend exit timelines or secure liquidity without forced selling…. Subscribe to Read MoreAlready a member? Log in here...
PE take-private deal activity Download PitchBook’s Report here. In Q1, the number of middle-market take-private transactions saw a notable increase. We believe this reflects the cheaper valuations of public companies with small market caps relative to large caps, as well as reduced market volatility…. Subscribe to Read MoreAlready a member? Log in here...
Download PitchBook’s Report here. Revenue multiples saw a much more aggressive run-up to the peak reached in 2021 and a much faster descent thereafter. In Q1 2024, we saw initial signs of distressed selling and capitulation…. Subscribe to Read MoreAlready a member? Log in here...