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Laxman Pai, Opalesque Asia: U.S. private equity and venture capital entry volume and value hit five-year first-half highs in 2021, recording 3,585 deals with an aggregate value of $201.29 billion, said a study.
According to S&P Global Market Intelligence data, IT remained the most attractive sector for U.S. private equity and venture capital buyout firms in the second quarter, with 696 entries announced.
Cumulatively, 1,449 IT entries were made in the first half of 2021 with a gross transaction value of $79.41 billion, the highest value since the start of 2019. Of the 3,585 entries made overall in the U.S. during the period, IT accounted for about 40%.
Several multibillion-dollar IT deals were announced in the second quarter, including Thoma Bravo LLC's take-private of cybersecurity company Proofpoint Inc. for $12.3 billion in cash, and KKR & Co. Inc. and Clayton Dubilier & Rice LLC's agreed-upon acquisition of enterprise cloud software company Cloudera Inc., also listed, in an all-cash deal that values the company at roughly $5.3 billion.
The healthcare sector was second most attractive in the first half. A total of 698 entries were recorded with a gross transaction value of $31.23 billion. Although deal volume dipped from 385 entries in the first quarter to 313 deals announced in the second quarter, year-over-year activity increased 8%.
354 U.S.-based funds closed in the second quarter
Meanwhile, the second-quarter transaction volume an...................... To view our full article Click here
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