Private equity investors took more U.S.-based, B2C portfolio companies public in 2013 than they did in 2006, according to the PitchBook Platform. At 21 B2C, PE-backed IPOs, last year just squeaked by the 20 offerings recorded in 2006, though the $8.7 billion raised through IPOs in 2013 fell well short of the $11.6 billion raised in 2006.
There's a noticeable correlation between higher overall B2C, PE-backed IPO activity and an increase in floating companies in the restaurants, hotels & leisure sector. 2006 and 2012, two years of relatively strong overall activity, saw more companies in the sector go public than normal. Similarly, 2013 recorded two headline-grabbing hotel IPOs (Hilton Worldwide and Extended Stay America), as well as two IPOs for companies offering big ticket items like cruises (Norwegian Cruise Lines) and vacation hotspots (SeaWorld Parks and Entertainment).
PitchBook Platform users can click on the chart to customize it.