Private Equity Exhales As Exits Increase

Thanks to increased public market demand and a return of corporate buyers, North American private equity exits witnessed acceleration over the last year both in value and number, notes an EY study.

EY, in a report titled “A study of 2013 North American exits”, points out market conditions in 2013 facilitated more exits via IPO.

Private equity outperforms public markets

The seventh study of value creation in North America from EY points out private equity continues to outperform comparable public market companies. Tracking its sample completed between 2006 and 2013, EY points out PE returned 2.4x similar publicly listed companies over the same time frame. The report highlights that private equity’s strategic and operational value-add is a key driver of PE...