College football. Religion. Lynyrd Skynyrd.
All are synonymous with the US Southeast. For our latest PE spotlight, we took a deeper look into a region that has also maintained somewhat surprisingly consistent levels of dealmaking over the past decade.
US Southeast
PE activity in the US Southeast dipped slightly in 2016, according to the PitchBook Platform, with 520 deals completed a year after the region peaked with a record 621 transactions. The 16% drop was slightly greater than the national decline of about 14% covered in our 2016 Annual US PE Breakdown.
Here are some other PE highlights from the US Southeast:
- The most active investor in the region over the past 12 months was Boston-based Audax Group (11 deals, including add-ons), followed by ABRY Partners (nine), and then GTCR and CPPIB (eight apiece). Olympus Partners and Harbourvest Partners each recorded seven deals.
- A bulk of PE deals since 2010 have occurred in the B2B sector (40.8%), with B2C (17.3%) a distant second and healthcare third (16%).
- The highest volume of deals in the region in 2016 occurred in Florida (41%), followed by Georgia (27.1%) and North Carolina (15%). The trio has paced the region in PE activity since 2010, with 3,115 combined transactions during that timeframe.
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