Middle market transactions are powering a rebound in exits as private equity-backed IPOs track for their best year since 2021, according to a new S&P Global Market Intelligence analysis.
Key highlights from the analysis include:
- Buyout funds tallied 1,700 exits this year through end of Q3/24, a total 10% higher than the 1,530 exits through recorded in the same period a year ago, according to an S&P Global Market Intelligence analysis of Preqin data.
- Private equity-backed IPOs and private placements, a related exit route, totaled 155 through three quarters of 2024, just one deal shy of the full-year 2023 total.
- The IPO window continued to widen in Q3/24, with buyout funds taking 44 companies public on global exchanges. That was the industry’s highest quarterly IPO total since fourth quarter 2021, as well as an 18.9% jump over the 37 PE-backed IPOs recorded in Q2/24.
- Exit momentum overall, however, appeared to slow in third quarter. The data tracked 576 exits globally in third quarter compared to 574 in the second quarter.
_x000D_
_x000D_
_x000D_
_x000D_
