US Buyout Highlights: Market Overview & Financing Trends – 1H24
8th August 2024 09:00 AM
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.