2019 Private Equity M&A recap

Private equity continues to increase its presence in the M&A market

Rebecca Brokmeier

Rebecca Brokmeier

Managing Director, KPMG Corporate Finance LLC

+1 312-665-3152

Chrisanne Corbett

Chrisanne Corbett

Managing Director, KPMG Corporate Finance LLC

+1 312-665-2779

Over the last decade private equity firms (PE firms) have become increasingly dominate players in the M&A market. As dry powder increases, PE firms are able to outbid strategic buyers for the most attractive targets. With many strategic buyers turning their focus to organic growth and solidifying their core businesses, PE firms have the opportunity to continue taking a larger share of the M&A market.

PE firm appetite is reaching new heights

2.7x more PE firm deals compared to 2009

2000+ PE firm deals closed annually since 2016

1/3 fewer (approximately 2000 total) corporate deals in 2019 vs 2017 as corporates continue to focus on internal growth

Percent of M&A activity that involved PE firms

Dry powder continues to skyrocket

Nearly 3x more compared to 2012

1.8x increase over 10 years

Doubled since 2015

50% increase in three years (since 2017)



PE firms activity by industry

In 2019, PE firm deals were focused in the following industries:

  • Technology, media & telecommunications
  • Consumer
  • Industrials

While the election, continued trade tensions and the future Brexit create uncertainty around the future of deal activity, PE firms have the resources to acquire the most attractive targets that come to the market in 2020.