Private equity firms are snapping up public companies at a frenzied pace amid a washout in equity markets that has sent valuations plummeting.
In the first half of 2022, buyout funds — which specialize in acquiring a controlling interest in a target company — announced or completed roughly $110 billion dollars in take-private deals globally, data from Preqin showed. The figure places this year’s deal value on pace to surpass the record total of $181 billion in 2021. READ MORE