The Source

Your weekly dose of deal sourcing insights, market intelligence and data techniques.

Q4 2022 Mezzanine Market Perspective

Mezzanine activity for the LTM period ending September 30th increased approximately 12% YoY from 335 deals to 375 deals. Compared to the previous quarter (Q2 2022), deals including mezzanine debt slightly increased, from 86 to 87 in Q3 2022. The slight increase in mezzanine deal activity correlates with the slight increase of private equity sponsored deal volume, which increased 3% from 1,329 deals in Q2 2022 to 1,368 deals in Q3 2022.

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Sponsors Bid Defiance to Deal Slowdown, Predict Strong 2023

Forty-five percent of private equity professionals in a recent poll said they expected to consummate as many platform deals in 2023 as they did this year. Nearly a third, or 30 percent, expected to do more, while a quarter, or 26 percent expected do fewer.

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2022: The Year in Review

As our team dives promptly into the year ahead, we take pause to reflect on the year past – in the M&A universe, a year characterized by a shifting PE environment and increasing market variability. But that’s not all: Here at SPS, 2022 was also defined by the careful expansion of our team, meticulous optimization of our product offering, and further integration into our family of private equity data ventures under parent company Bain & Co. Read on for our major milestones of 2022.

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