With the closing of the Dell buyout, 2013 now marks a six-year high in terms of capital invested through public-to-private buyouts. 2013 has now seen over $73 billion deployed through 34 take-private buyouts, versus just over $72 billion invested through 38 such deals in 2008, according to the PitchBook Platform.
Since the beginning of 2008, 247 U.S.-based, publicly traded companies have been taken private by PE investors. In terms of deal count, 2011 was the high-water mark in the timeframe with 58 deals, which more than doubled the 26 deals completed in 2009. 38% of all take-privates in the timeframe were in the $100 million to $500 million size range, and another 21% in the $25 million to $100 million range. About 9% of all the deals were at least $2.5 billion in size.
The IT industry tied for first in terms of deals by industry, matching the 59 deals completed in the B2C industry and comfortably outpacing the 47 deals in the B2B industry. Healthcare take-privates have slowed in recent years, dropping from 13 in 2011 to eight last year and only four so far in 2013. Adding publicly traded companies on to existing portfolio companies has been more popular recently—33 companies have delisted and merged with PE-backed companies since the beginning of 2011, versus three from 2008 to 2010.