The ever-growing group of private equity-backed exits to exceed $1 billion may soon have a new member. Vista Equity Partners is seeking to offload secondary ticket seller Vivid Seats at a price tag of around $1.5 billion, according to TechCrunch, a deal that would mark a rapid turnaround after Vista acquired Vivid last July for a reported $850 million.
Yet it might be a longshot. The Carlyle Group, Amazon and Priceline have all sniffed around Vivid, but Vista is struggling to lock in on a buyer, per TechCrunch.
The private equity exit market slowed down last year for the first time since 2009, as deal flow dipped from 2,715 to 2,288, according to our 2016 Annual PE & VC Exits Report. Yet the share of all PE-backed exit value that’s been wrapped up in sales of more than $1 billion continues to remain strong: Those mega-exits accounted for about 65% of all exit value last year, compared to a figure less than 50% as recently as 2010.
Want to know more about Vista’s other recent exits, fund performance, investment strategy and more? We cover it all in our most recent Investor Spotlight.
Article by PitchBook
