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US Buyout Highlights: Market Overview & Financing Trends – 1H24

This report is a comprehensive overview of the US buyout market, using best-in-class Leveraged Finance and M&A data across ION Analytics. 

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Key Trends in 1H24:

  • Buyouts surged to USD 146bn in 1H24, from USD 108bn in 1H23, led by Truist Insurance’s USD 12.3bn acquisition by Stone Point Capital, Clayton Dubilier & Rice and Mubadala Investment.
  • Leveraged loan issuance climbed 75% to USD 41bn in 1H24 versus the first half of 2023.
  • High-yield bond buyouts stalled in 1H24, totaling USD 4.3bn, less than half of 1H23’s volume.
  • Direct lenders doubled their activity over the same period, funding USD 20.6bn in buyout financing in 1H24.
  • Technology firms led M&A activity, with deals amounting to USD 64bn.

Block chart showing buyout deal and debt volumes from 2019 to date, peaking in 2Q24 and rebounding in 2Q24

Click below to access the US Highlights, along with the Europe Highlights.

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