- private equity •
- buyouts •
- Public-to-private transactions •
- debt markets •
- regulation •
- Corporate governance
Private equity, characterized by firms operating as privately held partnerships organizing the acquisition and "taking private" of public companies, is currently dominating the business news due to deals growing rapidly in number and size.
Even if conditions remain favorable to private equity, its eclipse is likely to occur in a different way. Privacy has been a hallmark of private equity, with industry leaders operating as secretive partnerships that negotiate buyouts behind closed doors and restructure portfolio companies outside the public gaze. However, assuming market conditions remain sufficiently favorable, top private equity firms, following the lead of the Blackstone Group, may well carry out public offerings. If this happens, then even if the taking private of publicly quoted companies remains a mainstream pursuit, the exercise will occur largely under the umbrella of public markets.