U.S. PE Deal Count Drops to Lowest Level in Two Years
October 07, 2015
Valuations appear to have peaked last year, as investors are unwilling to keep paying heightened multiples. While a couple mega-transactions propped up total invested capital, U.S. PE activity continued to slide last quarter. Detailed in PitchBook's 4Q 2015 U.S. PE Breakdown Report, 778 deals were completed in the U.S. during 3Q, with total value dropping 18% QoQ, excluding the massive PE-backed Heinz-Kraft merger. On the sell side, PE firms are still surfing the M&A boom. Thus far in 2015, PE-to-strategic sales have exceeded $175 billion, more than any previous full year.
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The report examines the above trends, along with total deal activity, debt multiples, PE-backed IPOs and fundraising efforts, among much more. Click here to download your free copy. PitchBook clients can access the report in the reports library of our platform.