That’s one of the questions that private equity and bankers keep talking to me about. Private equity results were worse. There were 2,665 U.S. announced PE deals, a roughly 28% drop from last year, while the value of these private equity mergers plunged by about 46% to $380.9 billion. Sellers have been reluctant to accept that they’re not going to get the sky-high valuations of 2021, bankers and private equity execs have said. Ares Partners, Whitebox, Highbridge Capital Management, and Merced Capital Partners back the company.

Source: Forbes December 11, 2023 20:38 UTC