US take-private transactions have provided a reliable channel for PE capital deployment in a volatile buyout market where early momentum in 2025 cooled in the second quarter.
US buyout deal value increased year on year through the first six months of 2025—climbing from US$195.5 billion in H1 2024 to US$289.9 billion in H1 2025 —though Q2 figures dipped 16 percent from Q1 numbers. At the time of writing (August 20), total buyout value had risen to US$339 billion, comfortably beating the first three quarters of 2024 (US$327 billion).
Buyout deal volume, meanwhile, dropped year on year in the first half, down from 1,718 deals in H1 2024 to 1,481 in H1 2025 , where there was also a drop from Q1 (798 deals) to Q2 (683 deals). By August 20, total volume had increased to 1,848, still some w