Deal bonanza
Whisper it quietly but there is a sense among PE executives that deal flow could be about to turn for the better rapidly. Buyout investors are keen to see realizations as they prepare to reinvest capital in new fund vintages. All of this could lead to GPs accepting lower prices on investments, generating a much-needed rebound in deal activity. Funnily enough, ‘Getting Deals Done’ is precisely the theme we’ll be exploring this week at IPEM Cannes 2024! If there are more buyout shops willing to accept lower prices, the deal flow tap will likely benefit all market participants, and hopefully bring a bit more ‘fun’ to PE fund investing in 2024. We certainly hope so.