Tide is turning: U.S. PE deals down over 8% in 2015
January 18, 2016
The latest U.S. buyout cycle is beginning to run out of fuel. At just under $606 billion across 3,602 completed deals, U.S. PE deal counts in 2015 slid by over 8%, while total deal value dropped by nearly 5%. Our 2015 Annual U.S. PE Breakdown emphasizes that overall 2015 numbers were strong on a historical basis, but there is solid evidence suggesting the tide is slowly ebbing down.
A few key data points behind our reasoning:
From 3Q to 4Q, total U.S. PE deal value fell by a huge 38%
For 2015 as a whole, U.S. buyout multiples fell to pre-2013 levels
But exit numbers remain stable, and fundraising relatively substantial