While private equity has been looking outside the U.S. to do its mega deals since the pandemic began, the industry’s deal activity in the U.S. small and middle market is propping up the deal volume of the entire market segment.
An Even Bigger Slice
In the second quarter, we saw historically low M&A deal volume across the board. The same held true for the small and middle market, which had the lowest volume for any quarter in at least five years. Roughly $75 billion dollars in deals involving U.S. targets valued up to $1 billion dollars were announced in the ...