Private equity dealmaking activity has been busier this summer than previously expected, with deals rising 12% in July from the number of transactions reported in June, as reported in Ropes & Gray’s August 2024 U.S. Private Equity Market Recap.
In The Wall Street Journal, M&A partners Tom Fraser and Jessica Cooney shared insights on what is driving a busy summer for private-equity and outlooks for dealmakers.
“Momentum has been building behind take-private transactions for some time,” Tom said. He added that “there is more momentum behind [initial public offering] activity, which could very well be a precursor to these liquidity opportunities.”
Jessica said that firms aren’t anticipating that an expected interest rate cut in September will “break open a market that’s otherwise been moving,” but that cheaper debt may continue to compound positive trends.
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