Debevoise Releases 2024 Private Equity Midyear Outlook

NEW YORK, Aug. 5, 2024 /PRNewswire/ -- Debevoise & Plimpton LLP announced today the release of its 2024 Private Equity Midyear Outlook.

In our 2024 Private Equity Outlook issued at the beginning of the year, we viewed the year ahead with "guarded optimism." From the vantage point of the third quarter, that perspective has been borne out. Private equity M&A deal activity in the United States has gathered steam, and while the market in Europe is still finding its stride, sponsors investing there are finding opportunity in certain sectors and market niches. The robust secondaries market continues to fill the gap where attractive exit opportunities are not available via the IPO market or third-party sales. Positive momentum on the dealmaking front is in turn giving sponsors hope that the fundraising environment may begin to warm.

But if market conditions are gradually becoming more stable (and favorable), the regulatory and enforcement environment is another matter. ESG-related regulations in the EU and UK are an ever-evolving landscape, while in the United States they provide the stage for increasingly polarized legislative battles. At the end of June, the U.S. Supreme Court issued two decisions with the potential to significantly upend the regulatory and enforcement environment: one holding that courts no longer must defer to an agency's interpretation of regulations, and the other calling into question the SEC's ability to pursue penalties through its in-house administrative proceedings. Both decisions promise to bring uncertainty and unintended consequences.

The full Report is available here.

About the Debevoise Private Equity Group

Debevoise is a trusted partner and legal advisor to a majority of the world's largest private equity firms, and has been a market leader in the Private Equity industry for over 40 years. The firm's Private Equity Group brings together the diverse skills and capabilities of more than 500 lawyers around the world from a multitude of practice areas, working together to advise our clients across the entire private equity life cycle.

Debevoise & Plimpton LLP is a premier law firm with market-leading practices, a global perspective and strong New York roots. We deliver effective solutions to our clients' most important legal challenges, applying clear commercial judgment and a distinctively collaborative approach.

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SOURCE Debevoise & Plimpton LLP