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 1Q24:

• US buyouts in 1Q24 increased 17% to USD 70.5bn from USD 60.4bn in 1Q23.
• The quarter’s biggest buyout was the USD 12.3bn purchase of a 79.6% stake in Truist Insurance Holdings by Stone Point Capital, Clayton Dubilier & Rice, Mubadala Investment and PJSC.
• Leveraged loan issuance climbed 76% during the quarter to USD 27.4bn compared with the same period last year.
• HY bonds also saw a steep increase in issuance to USD 3.5bn as opposed to 1Q23’s USD 0.9bn.
• The US technology sector drew most attention in 1Q24 with 62 transactions worth USD 31.6bn.
• Technology has remained the highest-performing sector in terms of debt-funded buyouts for the past three quarters in a row.