Take-Privates Will Lead to More Recruiting from Public Companies

One of the rare bright spots in private equity deal-making over the past 12 months has been take-privates. While total buyout activity declined -38% in 2023, take-privates were actually up +22%, reaching an all-time high. We know that 71% of CEOs are replaced  in PE-backed companies, and 77% of their replacements come from outside the company. Consequently, we expect to see a surge in private equity recruiting for executives with experience managing large, public companies.