A record number of private equity firms went public this year as deal-savvy buyout executives took advantage of a booming market for initial public offerings — a trend that looks set to continue into 2022.
Six private equity firms went public in 2021, Dealogic data show, equalling the combined total of the previous five years. Collectively, the firms raised nearly $3 billion, almost double the previous record set two years ago, according to the data.
Among the most high-profile deals in 2021 included the 2.9 billion-pound ($3.8 billion) IPO of U.K. private equity firm Bridgepoint Group Plc, which listed on the London Stock Exchange in July.
The industry – spanning strategies ranging from buyout to infrastructure and private credit – grew more than fourfold from just over $1 trillion in 2010 to $4.1 trillion at the end of last year, according to a Bain & Co. report released earlier this year.
Read more/Source: BNN Bloomberg
