With our 3Q 2014 U.S. PE Breakdown report now published, we’ve compiled some of the top statistics and trends from 2Q in order to provide a picture of the current private equity environment, as well as examine what’s likely in store for the rest of 2014. Watch the video above, or check out the highlights below.
Add-on deals accounted for 61% of all U.S. private equity buyouts in the first half of 2014.
Debt levels continue to climb, as the median buyout debt percentage crossed over 70%.
Mega buyouts have all but disappeared recently.
Almost 90% of all U.S. PE funds closed in 2014 have hit their fundraising target, compared to just 50% only four years ago.
Private equity firms took 23 U.S. companies public in 2Q, the highest quarterly total since 4Q 2006.
In the first half of the year, PE firms invested in 1,272 U.S. companies. We expect activity in the second half of 2014 to be pretty similar, as we’re not seeing any big changes when it comes to the overall deal environment. With that being said, deal competition is expected to remain strong, due to the high amount of dry powder in the hands of private equity firms and the large amount of cash held by corporates.
For more analysis, along with details, statistics and trends, watch PitchBook TV’s latest videos from the “Report Center” series. To download the full 3Q 2014 U.S. Private Equity Breakdown Report, click here.