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Our Private Equity Group provides trusted counsel derived from deep industry knowledge to established as well as up-and-coming private equity firms. We represent firms of every size across the spectrum of investment strategies, and we build long-standing relationships with our clients. As active participants in the private equity industry, we are able to advise our clients on the latest innovations, as well as current market practices and trends.

January 2019: Private Equity Digest

January 22, 2019 Download PDF

In this issue of the Private Equity Digest, we take a look at private equity trends in 2018 and possible developments for 2019.

Our review of PE fundraising, exit and M&A activity for year-end 2018 shows the following trends:

  • U.S. PE fundraising declined in December as compared to November. The number of funds closed nearly halved from November (13) to December (7), but the total dollar value declined even further, from $8.68 billion in November to $3.59 billion in December.
  • The total number of U.S. sponsor-backed exits decreased (from 74 in November to 63 in December), with the decline attributable to fewer corporate sales. By contrast, exits as measured by dollar volume, climbed from $10.3 billion in November to $14.0 billion in December, which was driven by larger secondary buyouts.
  • Sponsor-related M&A activity slid both in the U.S. and globally. In the U.S., dollar volume and deal count dropped from November ($62.4 billion and 145) to December ($15.8 billion and 83).  Global sponsor-related M&A activity in December, as measured by dollar volume, experienced its lowest annual total at $42.9 billion in contrast to $90.7 billion in November.  By deal count, transactions were also down from 310 in November to 235 in December.

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