News & Analysis

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M&A

Despite growing interest from potential suitors, TikTok deal remains in question

Several parties have made bids to acquire the U.S. business of the Chinese short-video app.

Blackstone hits dealmaking streak and AUM overtakes $1.1 trillion

The firm’s notable AUM growth and significant capital deployments highlight a year of robust performance and market optimism.
M&A

GP consolidation, insurance deals drive rise in financial services M&A

The financial services sector saw its best M&A year since 2021, with significant activity in insurance and asset manager acquisitions fueling deal growth.

AI arms race drives nearly 50% bump in IT deal value

In 2024, IT deal value reached $740.7 billion, up 46.3% year-over-year, and comprised 20.6% of all global M&A value.

PitchBook buyout replication portfolio

This dashboard replicates a PE buyout portfolio with listed equities, sector adjustments and additional leverage.

US investor appetite drove up European PE dealmaking

AI & machine learning taking center stage as a vertical

The Benchmark




2016 Vintage Global PE Funds

Median IRR

18.29

Top Quartile IRR

23.74%

0.98x

Median DPI

Select top performers

Francisco Agility Fund

Renovus Capital Partners II

Gemspring Capital Fund I

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    Data & Tools

    PitchBook Private Capital Return Barometers

    The Private Equity Barometer incorporates information from 14 macroeconomic, credit, and equity indicators to estimate standardized quarterly PE returns. Click to see the full data.

    Lending league tables: Q3 2024

    Which lenders took part in the most deals for US PE-backed companies? Click to see the interactive rankings.

    PitchBook Indexes

    PE-backed IPO indexes are outpacing their deSPAC and unicorn counterparts in 2024. Click to see the full interactive index.

    More M&A news

    VC funds-of-funds look on the bright side

    Funds-of-funds saw weaker fundraising in 2024, but don’t count them out.

    Can a new owner save TikTok from its US ban?

    Several suitors including Perplexity AI and Elon Musk are still in the running to buy the Chinese app’s US assets after its ban was delayed over the weekend.

    Europe inked fewer, but bigger, M&A deals in 2024

    European M&A saw a 3% decline in deal count but a 17% rise in deal sizes in 2024, driven by lower interest rates and the return of large transactions.

    The big 3: How Asia’s biggest markets will shape dealmaking in 2025

    Japan, China and India will continue to dominate the region’s major private market investment themes in the year ahead

    Apollo adds $6B in infrastructure assets with Argo purchase

    The deal strengthens Apollo’s infrastructure footprint, adding 20 professionals and expanding its portfolio across North America.

    JP Morgan Healthcare Conference kicks off 2025 with deal buzz

    Healthcare companies are drumming up buzz for their latest deals, including Johnson & Johnson’s $14.6 billion acquisition of Intra-Cellular Therapies.

    M&A 2024: Rebounding from rates and regulations

    With private equity deals regaining momentum and new FTC leadership on the horizon, the M&A market could continue to recover in 2025.

    Nordstrom goes private for $6.25B as B2C M&A recovers

    The Nordstrom family and Mexican retailer El Puerto de Liverpool team up as business-to-consumer M&A activity rebounds, despite sector challenges.

    A look back at take-privates in 2024

    PE firms were opportunistic in Q2, going on a buying spree for undervalued public companies, but take privates will likely end the year even with 2023.