S&P Global Market Intelligence’s recent data shows the number of terminated private equity-backed deals globally fell 86.2% year over year to just four deals in Q2/24.
Key highlights from the analysis include:
Canceled private equity transactions are mirroring the broader decline in overall terminated M&A deals. The number of terminated M&A deals without private equity involvement tumbled 77.8% year over year to just 34, marking the lowest quarterly figure since at least 2021.
The dollar value of the terminated private equity deals declined to approximately $2.84 billion in the second quarter, down from $14.43 billion in the same period of 2023, Market Intelligence data shows.
In terms of overall M&A, the value of canceled deals in the second quarter rose to $62.88 billion versus $42.81 billion in the year-ago quarter.
Three of the four terminated private equity deals involved valuation disagreements: SilverBow Resources & Kimmeridge Texas Gas; APM Human Services & CVC Capital Partners and CoreWeave & Core Scientific.
