ANALYSIS: More Companies Will Go Public-to-Private in M&A Market

In what has been a lackluster year for the M&A market thus far, transactions where a public target becomes private after closing have done surprisingly well: Deal volumes for these transactions surpassed last year’s total by the end of Q3 and could come close to 2021 and 2022 figures for certain types of deals.

Public-to-private M&A deals—including going-privates and take-privates—made headlines in 2024, and this momentum will propel more public companies to go private in 2025.

There are a number of ways in which a public company can become private through a merger or acquisition, including when:

• A private acquirer ...