S&P Global Summary: 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 the third quarter, 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 third quarter, 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 second quarter 2024.
- 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.
Please find the full analysis here.
