PE Stepping on the Gas
January 30, 2013
Private equity investors stepped on the gas a little last year, completing 48 investments in U.S.-headquartered companies in the Automotive/Road industry, up from 2011's final tally of 41. Four such deals have already been completed this year. All in all, PE investors have invested in 242 Automotive/Road companies around the country since the beginning of 2008, according to the PitchBook Platform. Accounting for 9% of that deal flow, automotive powerhouse Michigan has been the second most active state, trailing behind California by only four deals.
