Wed, Dec 7, 2022
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Other Voices: Q2 PE dealmaking fails to live up to record 2021

Thursday, July 21, 2022

By: Oliver Brahmst, Caroline Sherrell, Daniel Yeh from international law firm White & Case.

In line with the global M&A trend, global private equity (PE) activity in Q2 continued to compare unfavorably to a blockbuster 2021. A total of US$429.4 billion in PE deals were announced in the three-month period-a 14% increase on the previous quarter, yet a drop of 16% year on year (YoY).

Deal volume dropped at a steeper rate, with a total of 1,329 announced transactions representing a 32% decline YoY.

Tech activity remains hot across key sectors

The largest PE transaction of the quarter was the sale by Silverlake Partners of cloud computing firm VMware to US chipmaker Broadcom. The deal, which indicates Broadcom's ambition to become a diversified tech business, will likely face severe antitrust scrutiny.

Buyout activity remained active in key sectors, such as cybersecurity. In April, US PE firm Thoma Bravo acquired identity security firm Sailpoint for US$6.8 billion. With cyber threats becoming increasingly sophisticated, and a growing number of start-ups coming to market, the industry has become a key growth area for private investors. Through the acquisition, Thoma Bravo will add a sixth security-focused company to its portfolio.

Another deal that reflects investor demand for cybersecurity assets is Carlyle's buyout of IT consultancy ManTech International, valued at US$4.3 billion. Founded in 1968, ManTech provides technology solutions for......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Marks delves into what really matters[more]

    B. G., Opalesque Geneva: Howard Marks, co-founder and co-chairman of Oaktree Capital Management, weighs what should and should not matter for investors in his latest memo last week. Among the things t

  2. Legal: British fund manager Jeremy Leach and his firms settle fraud litigation for $11.5m, DOL slams lawsuit seeking to overturn crypto guidance[more]

    British fund manager Jeremy Leach and his firms settle fraud litigation for $11.5m From Offshore Alert: Four days before a trial was due to start in the Cayman Islands, British fund manager Jeremy Leach and eight of his firms settled a fraud complaint by agreeing to pay $11.5 million o

  3. Family offices upbeat on private assets, reduce public assets exposure[more]

    Laxman Pai, Opalesque Asia: Family offices are investing more in private assets and cutting back on investments in public markets, with higher risk-adjusted returns cited as the main driver, said a study. According to the survey findings by German digital private equity firm Moonfare, and the

  4. Opalesque Exclusive: A Swiss managed futures strategy that can offer diversification to any portfolio[more]

    B. G., Opalesque Geneva for New Managers: TARO (R) Diversified is a Swiss algorithmic and systematic investment strategy that offers diversification benefits to almost any professionally managed portfolio through it

  5. Alts manager Medalist Partners acquires a minority stake in Semper Capital to tap opportunities in structured credit[more]

    Laxman Pai, Opalesque Asia: Medalist Partners, which specializes in private credit, has acquired a minority stake in Semper Capital to extend its offerings to the mass market. Medalist currently manages approximately $2.2 billion in assets across strategies in asset-based private credit, struc