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Table of contents
Q2 2024
US PE Middle Market Report
September 13, 2024
This report was re-published on November 25, 2024, to correct the aggregate value of sponsor-to-sponsor exits.
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Middle-market deals spark a revival in private equity
Our latest US PE Middle Market Report highlights that buyout dealmaking has gained traction in the first half of 2024, with middle-market deal value rising 12%, versus about 5% for the broader PE market.
The report also covers a change in key PE metrics that bodes well for better times ahead. After a historic rally, small-cap public equities have closed the gap on large-cap companies, and deal multiples for middle-market companies are on the rebound.
Table of contents
| Executive summary | 3 |
| Deals | 5 |
| Overview | 6 |
| Deal valuation metrics | 7 |
| Deals by size and sector | 12 |
| Spotlight: The state of enterprise SaaS M&A | 13 |
| Exits | 15 |
| Fundraising and performance | 20 |