U.S. PE regional trends: Activity in Southeast holds strong
January 18, 2016
As a soft opening for our 2015 Annual U.S. PE Breakdown, which will be released Thursday, we decided to offer insight into last year's dealmaking trends by region. Amid a general decline in U.S. activity, some areas fared better than others, as the Southeast, Great Lakes and West Coast regions held fairly steady with 2014 numbers. Others, however, saw more noticeable drops; the South closed nearly 25% fewer deals YoY—a trend no doubt affected by a rough year for the energy space.
Here is a regional breakdown of 2015 deal flow compared to 2014:
Southeast: -0.4% Great Lakes: -1.6% West Coast: -2.4% New England: -2.5% Mid-Atlantic: -5.6% Midwest: -10.5% Mountain: -16.4% South: -23.9%
The Southeast has been boosted by a growing investor base in the region, with 89 PE firms headquartered in the area completing at least one deal last year—compared to 67 in 2010. The most active investors based in the region over the past year are H.I.G. Capital (36 deals), MSouth Equity Partners (15), Pamlico Capital (15) and Trivest Partners (14).
PitchBook users can access our data on PE firms based in the Southeast, along with their investments, by clicking here.
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