Here are highlights from our PE coverage this week:
• As volatility persists in markets worldwide—despite recent early rallies—prospects are uncertain for U.S. private equity and venture capital portfolio companies that are ready to go public. Through 3Q, PE-backed IPOs accounted for just under 36% of all privately backed U.S. public offerings this year, according to our inaugural U.S. IPO Trends Report, the lowest percentage in at least a decade. In contrast, PE accounted for 66% of all IPOs in 2005. For further analysis on current and historical PE and VC-sponsored public offering activity, click here to download the report for free. PitchBook clients can access the report in the reports library of our platform; premium newsletter subscribers were also emailed a copy.
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• PE investors completed a decade-record 471 deals in the global financial services sector last year—a 22% jump from 2013's tally. To see the most active firms in the space, along with trends within the industry, click here. PitchBook Platform users can access the underlying data here.
• In a guest post for the PitchBook Blog, Jenner & Block explains what you need to know about agreements among lenders in unitranche financings, covering voting provisions, buyout rights, bankruptcy-related issue and more: click here to get the scoop.