DOWNLOAD A LIST OF THIS YEAR’S BIGGEST PRIVATE EQUITY DEALS SO FAR
Private equity deals come in various forms, each serving unique investment strategies and goals. In the dynamic world of private equity, managers have a range of options when it comes to how they structure transactions.
In this blog post, we delve into some of the most common types of private equity deals and shed light on recent noteworthy deals in the market. If you’re eager to stay up to date with the latest private equity trends and transactions, be sure to download our list of the biggest and most recent private equity deals.
Recent private equity deals
The private equity market is experiencing a slowdown compared to years past, with fundraising, deal pipelines, and exits quieting down. That said, 2023 has still seen some impressive recent private equity deals, particularly in the taking private of public companies.
Check out our regularly updated list of some of the biggest private equity deals to be announced so far in 2023.
Toshiba
Value: $15B
Type: Take private
Deal announcement date: March 23, 2023
Sponsors: Japan Industrial Partners
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Qualtrics
Value: $12.5B
Type: Take private
Deal announcement date: March 13, 2023
Sponsors: Silver Lake, Canada Pension Plan Investment Board (CPPIB)
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Worldpay
Value: $11.4B
Type: Leveraged buyout
Deal announcement date: July 6, 2023
Sponsors: GTCR
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Univar
Value: $8.1B
Type: Take private
Deal announcement date: March 13, 2023
Sponsors: Apollo Funds
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Coupa Software
Value: $8B
Type: Take private
Deal announcement date: February 28, 2023
Sponsors: Thoma Bravo, Abu Dhabi Investment Authority
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Stripe
Value: $6.5B
Type: Growth equity
Deal announcement date: March 15, 2023
Sponsors: Andreessen Horowitz, Baillie Gifford, Founders Fund, General Catalyst, MSD Partners, and Thrive Capital, GIC, Goldman Sachs Asset and Wealth Management, and Temasek
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Maxar
Value: $6.4B
Type: Take private
Deal announcement date: May 3, 2023
Sponsors: Advent International, British Columbia Management Corporation
More info
KnowBe4, Inc.
Value: $4.6B
Type: Take private
Deal announcement date: February 1, 2023
Sponsors: Vista Equity Partners
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Cvent
Value: $4.6B
Type: Buyout
Deal announcement date: March 14, 2023
Sponsors: Blackstone, Abu Dhabi Investment Authority
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Duke Energy Renewables
Value: $2.8B
Type: Buyout
Deal announcement date: June 12, 2023
Sponsors: Brookfield Renewable
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Duck Creek Technologies, Inc.
Value: $2.6B
Type: Take private
Deal announcement date: March 30, 2023
Sponsors: Vista Equity Partners
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Great River Hydro LLC
Value: $2B
Type: Take private
Deal announcement date: February 10, 2023
Sponsors: ArcLight Capital Partners, Hydro-Québec
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PureWest Energy, LLC
Value: $1.84B
Type: Buyout
Deal announcement date: May 31, 2023
Sponsors: PW Consortium
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Delrin
Value: $1.8B
Type: Buyout
Deal announcement date: September 21, 2023
Sponsor: TGC LP
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Sumo Logic, Inc.
Value: $1.7B
Type: Take private
Deal announcement date: February 9, 2023
Sponsors: Francisco Partners
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Simon & Schuster
Value: $1.62B
Type: Buyout
Deal announcement: September 7, 2023
Sponsor: KKR
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CIRCOR International
Value: $1.6B
Type: Buyout
Deal announcement date: June 5, 2023
Sponsors: KKR
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ADT Commercial
Value: $1.6B
Type: Take private
Deal announcement date: September 8, 2023
Sponsors: GTCR
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Momentive Global Inc.
Value: $1.5B
Type: Take private
Deal announcement date: March 13, 2023
Sponsors: Consortium led by Symphony Technology Group
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Avid Technology, Inc.
Value: $1.4B
Type: Take private
Deal announcement: September 9, 2023
Sponsors: Symphony Technology Group (STG)
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UserTesting, Inc.
Value: $1.3B
Type: Take private
Deal announcement date: January 12, 2023
Sponsors: Thoma Bravo, Sunstone Partners
More here
Chase Corporation
Value: $1.3B
Type: Buyout
Deal announcement date: July 21, 2023
Sponsors: KKR
More here
Atlas Technical Consultants, Inc.
Value: $1.05B
Type: Take private
Deal announcement date: January 31, 2023
Sponsors: GI Partners
More here
USI Insurance
Value: $1B
Type: Buyout
Deal announcement date: September 11, 2023
Sponsors: KKR
More here
Common types of private equity deals
Private equity managers have many options when it comes to structuring a private equity deal. These are some of the most common types of transactions seen in the private equity market.
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Buyouts
A buyout occurs when a private equity manager, on its own or teamed up with other parties, buys up an entire mature company as an investment. Typically, it will hold the company over the course of several years before exiting that investment by selling to another party or pursuing an IPO.
There are a couple different types of buyouts that we often see in private equity:
- Take private – A take private involves buying out a company that is publically listed on a stock exchange. The company is taken off the exchange and its shareholders are paid by the private equity firm financing the buyout.
- Private company buyout – In a private company buyout, a private equity firm purchases a controlling stake in a privately owned company. It will hold the company for several years before exiting the investment via a sale or an IPO.
- Leveraged buyout – In a leveraged buyout, a private equity firm purchases a company with a combination of equity and debt financing. Often, debt makes up a much larger portion in the debt/equity ratio, and the loans are secured with the acquired company’s assets as collateral on those loans.
Growth equity
A growth equity investment involves providing capital to a mature portfolio company for the purpose of helping the it expand. Meanwhile, the investment manager takes a minority stake in the company.
Venture capital
Venture capital is a form of private equity in which a manager makes an investment in a startup, as opposed to a more mature organization. As opposed to more traditional private equity transactions, the capital injections tend to be smaller amounts and start off with a “seed round” and subsequent series by letter – series A, series B, etc. Investing in venture capital is known to bring higher risk compared to traditional private equity since managers invest in ideas rather than mature product lines or services, but the payoff associated with this risk can be great.
Download our list of biggest private equity deals this year
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