The latest data from Dealogic reveals that M&A exit volume by private equity and venture capital investors is USD 30.4bn in 2014 YTD, more than double the $14.0bn announced in 2013 YTD and the highest YTD volume since 2007 (USD 31.4bn). In contrast to volume however, global exit activity is down 27% to 80 deals so far in 2014 from 109 deals announced in 2013 YTD, marking the lowest activity since 2010 YTD (57 deals). This news, like several other reports highlighted in theDealMarket Digest this week, underlines that it PE funds are finding buyers more easily these days.
The preferred exit route is trade sales, which account for 90% of total volume, the highest share since 2000 YTD (98%). Ten trade sales with a value of greater than a billion dollars have been announced in 2014 YTD, with the USD 5.8bn pending bid by ABINBEV for Oriental Brewery Co, which is backed by PE investors. The Carlyle Group leads the ranking in 2014 YTD with USD 9.8bn, followed by KKR & Co with USD 8.6bn and Affinity Equity Partners with USD 5.8bn. (Image source: Dealogic)