The once-in-a-century pandemic-induced economic downturn has disrupted private equity’s usual business strategies but has opened new opportunities at the same time. We are seeing PIPE deals on pace to raise more money than any year since 2008 and buyouts up year-over-year so far, as the industry seeks to maintain a flow of investments in new targets and also to keep pre-pandemic portfolio additions afloat and profitable.
Debt for Buyouts Less Available & Cheaper
Leveraged buyouts at the usual levels of private equity skin-in-the game have become somewhat more difficult because debt for deals has become harder to acquire. General ...