According to S&P Global Market Intelligence, Global private equity and venture capital exit transactions waned further in the third quarter as macroeconomic headwinds continue to hit financial markets and concerns of a prolonged recession loom, according to a new data analysis from S&P Global Market Intelligence.
Private equity exit routes including IPOs, secondary and trade sales totaled $12.78 billion during the third quarter of 2022, down from $22.70 billion quarter over quarter and $63.95 billion year over year.
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Key data highlights include:
- As of Sept. 30, total private equity exits came to $66.77 billion for the year, or about 27.8% of the $239.94 billion of total exit deals in 2021.
- Secondary sales dominated the exit route during the three months to Sept. 30, amounting to $9.61 billion in deals, maintaining the pace from the second quarter. In comparison, trade sales and IPOs dwindled to $3.14 billion and $30 million, respectively, from $12.54 billion and $140 million in the previous quarter.
- The biggest private exit in 2022 to date, valued at approximately $10.4 billion, closed in June. Five other secondary transactions made it to the 10 biggest exits in 2022. The remainder is all trade sales.
