U.S. federal regulators were very busy in 2023, with significant activity in areas affecting private equity sponsors and their portfolio companies. In this issue of the Paul, Weiss Private Equity Digest, we highlight the key regulatory developments and preview some potential developments for 2024.
Looking at the overall market, 2023 was not a strong year for sponsor-related M&A. While the total deal value of both global and U.S. sponsor-related M&A remained relatively consistent throughout the year, the number of sponsor-related deals fell significantly over the course of the year. U.S. and global sponsor-related total deal value fell 41% and 40%, respectively, and the number of U.S. and global sponsor-related deals both fell 26% from 2022 levels.
