PE Pulse: five takeaways from 3Q 2023

In this episode of the NextWave Private Equity podcast, Pete Witte reviews PE deal activity, which continues to accelerate while visibility into interest rate trajectories and macro volatility recede.

Related topics Private equity

PE Pulse is a quarterly report and corresponding podcast miniseries that provides analysis and insights on private equity market activity and trends. 

Visit Private Equity Pulse: Takeaways from Q3 2023 to view this quarter’s summary and infographic.  

PE deal activity continues to accelerate as firms get greater visibility into interest rate trajectories and macro volatility begins to recede. Today’s market is seeing a broader array of deal types, in contrast to the first half of this year, which was characterized by a very narrow focus on take-privates and add-on transactions.

In our survey, PE professionals were split evenly on the near-term outlook for exits. However, with moderating inflation, declining interest rates, and rising sentiment in the IPO markets, conditions are steadily improving, and firms need to be prepared to articulate their equity stories to potential buyers. 

Key takeaways:

  • There’s a broadening in the market: The value of private equity deals has been flat all year. But the number of deals has been steadily increasing.
  • The outlook for deals: With a little more clarity on macro, investors are getting more bullish on the outlook for acquisitions.
  • Exits: Market is recovering as well, but at a slightly slower pace, and there’s a little less conviction behind it.
  • The operational focus: As hold periods get extended, operational value-add becomes even more important. 

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If you need a reference, please take a look at Highlights from World Retail Congress 2023.

For your convenience, full text transcript of this podcast is also available. Read the transcript.

Presenters

Pete Witte
EY Global Private Equity Lead Analyst

Podcast

Episode 60

Duration 08m 56s

In this series

Series overview
(Event List - Manual)

PE Pulse: five takeaways from 3Q 2023

In this episode of the NextWave Private Equity podcast, Pete Witte reviews PE deal activity, which continues to accelerate while visibility into interest rate trajectories and macro volatility recede.
Podcast

Episode 60

Duration
08m 56s

Presenters

Pete Witte

EY Global Private Equity Lead Analyst

PE Pulse: five takeaways from 2Q 2023

In this episode, Pete Witte, EY Global Private Equity Lead Analyst, reviews the recent PE landscape and modest uptick on European resurgence.
Podcast

Episode 59

Duration
08m 25s

Presenters

Pete Witte

EY Global Private Equity Lead Analyst

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In this episode of the NextWave Private Equity podcast, Bridget Walsh discusses the entrance of retail investors in the private equity market with Jenny Johnson.
Podcast

Episode 58

Duration
21m 19s

Presenters

Bridget Walsh

EY Global Private Equity Industry Market Leader

Jenny Johnson

CEO of Franklin Templeton

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In this episode of the NextWave Private Equity podcast, Pete Witte explores the key themes and market dynamics from 1Q 2023 that are top of mind for PE investors.
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Episode 57

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Presenters

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Presenters

Bridget Walsh

EY Global Private Equity Industry Market Leader

Mark Benedetti

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PE Pulse: Five takeaways from 4Q 2022

In this episode, Pete Witte, EY Global Private Equity Lead Analyst, explores the key themes and market dynamics from 4Q 2022 that are top of mind for PE investors.
Podcast

Episode 55

Duration
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Presenters

Pete Witte

EY Global Private Equity Lead Analyst

PE Pulse: Five takeaways from 3Q 2022

In this episode, Pete Witte, EY Global Private Equity Lead Analyst, explores the key themes and market dynamics from 3Q 2022 that are top of mind for PE investors.
Podcast

Episode 54

Duration
10m 00s

Presenters

Pete Witte

EY Global Private Equity Lead Analyst

PE Pulse: Five takeaways from 2Q 2022

In this episode, Pete Witte, EY Global Private Equity Lead Analyst, explores the key themes and market dynamics from 2Q 2022 that are top of mind for PE investors.
Podcast

Episode 53

Duration
10m 00s

Presenters

Pete Witte

EY Global Private Equity Lead Analyst