BDO Private Capital Pulse Survey Fall 2021

Private equity M&A is at record highs as fund managers feverishly try to put committed capital to work. More than twice as many private equity fund managers than a year ago say they’ll direct the most capital to new deals, and fewer say they will pursue add-on acquisitions. At the same time, they are moving faster to deal close but are seeing more risk exposure uncovered during due diligence, a major challenge to getting deals done.
 
The competitive state of M&A is influencing strategies throughout the lifecycle. Higher deal multiples are putting pressure on returns, prompting more fund managers to deploy more strategic value creation strategies and even placing more scrutiny on paths to exit during the deal evaluation stage.
 
Our fall 2021 survey examines the trends that 200 middle market private equity fund managers are seeing and the tactics they are deploying throughout the deal lifecycle.

 

BDO Private Capital Pulse Survey Fall 2021 Cover

OR EXPLORE THE REPORT BY LIFECYCLE STAGE


Deal flow drivers have increased and diversified, while risk exposure uncovered during due diligence remains the top challenge to closing deals.

More than a third of fund managers are paying higher multiples to win bids, putting pressure on returns and prompting more strategic value creation strategies.

Fund managers are evolving their strategies, and nearly 60% are contemplating SPACs and IPOs.
 

Restructuring and turnaround services within the United States are offered through BDO Consulting Group, LLC, a separate legal entity and affiliated company of BDO USA, LLP, a Delaware limited liability partnership and national professional services firm. Certain restructuring and turnaround services may not be available to attest clients of BDO USA under the rules and regulations of public accounting.

Investment banking products and services within the United States are offered exclusively through BDO Capital Advisors, LLC, a separate legal entity and affiliated company of BDO USA, LLP, a Delaware limited liability partnership and national professional services firm. For more information, visit www.bdocap.com. Certain services may not be available to attest clients under the rules and regulations of public accounting. BDO Capital Advisors, LLC Member FINRA/SIPC.