In Q2 2024 109 deals including mezzanine debt closed, a 6% decrease from the 116 mezzanine deals closed in Q1 2024. First half mezzanine activity increased approximately 2% YoY from 220 deals in 2023, to 225 deals in 2024. Private equity deal volume for the same period mirrored the modest increase in mezzanine deal activity, increasing 1% from 2,561 deals in 2023, to 2,582 deals in 2024. Out of the 107 mezzanine deals that closed in Q2 2024, 37 deals were buyouts, 51 were minority financings, 19 were sponsor-backed add-ons, and 2 were recaps. The most common industries in total M&A activity for the quarter were Technology, Industrials, Business Services, and Consumer, respectively.
