In terms of popular culture, Tennessee's music scene has played a strong part in putting the state on the general public's radar. But, for private equity firms, the biggest pull to the state, in terms of industries, has been B2B, which has accounted for 33% of the PE investment activity in the state. Weighing in as the second-most popular industry for PE investment in Tennessee is healthcare, with 28% of the activity.
Healthcare deals have been particularly popular in Tennessee this year, with 14 such deals completed in 2013—the highest investment level for the space since 2008. 2013 is also the first year since 2008 during which healthcare has been the most active industry for PE investment in the state. 40% of Tennessee's PE investments in 2013 have been healthcare deals.
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