After two consecutive years of increased deal flow and capital invested, 2012 started out on an optimistic note; however, private equity deal volume fell 14% and capital invested declined 13% from 2011 levels. Deal-making also decelerated throughout the year until a 4Q spike in activity, as investors rushed to get deals done in anticipation of higher tax rates in the New Year. Exit activity, on the other hand, increased for the third straight year as private equity firms exited a record 587 portfolio investments in 2012. One of the most significant developments was the continued focus on secondary buyouts, which surpassed corporate acquisitions as an exit strategy for the first time ever in 2012.
To help keep you up-to-date with the current state of the private equity industry, PitchBook has released our Annual Private Equity Breakdown Report. Powered by the PitchBook Platform, this report provides an in-depth analysis of private equity trends and activity in 2012.
To read the original article: The Annual Private Equity Breakdown 2013 | PitchBook
