PE-backed take-private buyout activity has calmed down since its heyday in 2007, but PE investors have still been seizing several acquisition opportunities in the public markets. Since the beginning of 2008, they have taken 180 public U.S. companies private, including 21 from this year, according to the PitchBook Platform. An additional 12 such transactions have been announced in 2012 but have yet to be completed. Unlike PE investment activity as a whole, public-to-private buyout activity is not led by the B2B industry. Instead, B2C and Information Technology have led the take-private deal flow since 2008, each accounting for a 24% share.