U.S. PE deal count slides to the lowest level since 2013
October 14, 2015
The U.S. private equity industry has been in a bit of a rut this year, as the third quarter saw deal count drop to a low point since 2Q 2013. The video above highlights our recently released 2015 4Q U.S. PE Breakdown, providing several key points from the report.
Excluding the merger of Heinz and Kraft Foods Group (valued at approximately $45 billion), only $109 billion was invested over 777 deals, both lows since early 2013
Add-ons continue to be the preferred deal type, accounting for 47% of all completed transactions in 2015. As a percentage of buyouts, add-ons accounted for a record 62% through 3Q—a continuation of the upward trend we've seen since 2010.
Median EBITDA multiples for buyouts this year are down considerably, falling to 8.3x from last year's high of 10.7x; median debt percentage in 2015 has fallen under 60%, which hasn't been the case since 2011
3Q saw 231 exits worth over $65 billion, a decline relative to the 264 exits valued at $104.5 billion in 2Q
Over $48 billion of capital was raised across 76 funds; over half (58%) were buyout funds
Catch up on all the latest trends in U.S. private equity;
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