zipdev logo

Download our Case Study

  • Save 40-60% vs US-based devs
  • Same Time Zone


  • Zipdev absorbs risks costs
  • Learn about how we help other companies to succeed.
  • Boost Your ROI
Download the Case Study here

2022 / 2023 Global Private Equity Highlights

Market Turbulence

The market turbulence that began in early 2022, which has led to hurdles in private equity (PE) dealmaking. Despite this, PE firms were well-positioned for a downturn with stockpiles of dry powder and experience in turning distressed companies around.

Global Deal Activity 

Global deal activity in 2022 did not exceed the levels reached in 2021. However, total deal value reached USD 2.8 trillion, marking the second-highest year on record. There were 16,989 deals closed, signaling that firms are continuing dealmaking despite initial widespread pessimism.

Economic Uncertainty

As we move through 2023, economic uncertainty persists. Exits remain slow and investors are evaluating their allocation strategies, which will dictate fundraising levels and liquidity positions for firms.

Add-on Activity

The current market environment has bolstered add-on activity as firms seek inorganic growth opportunities and have an array of companies with discounted valuations to choose from.

PE Multiple Contraction

Company valuations are experiencing further downward pressure in 2023. The median EV/EBITDA for buyout deals has declined moderately since 2020.

Role of Debt

The median debt percentage has hovered below 50 percent since 2018. Prolonged higher borrowing costs are leading firms to close deals with smaller debt facilities or greater equity contributions.

PE Exit Activity

Global PE exit activity took a steep dive between 2021 and 2022. However, total exit value in 2022 was less shocking when compared with earlier years.

Public-to-Private Deals

Public-to-private deal value doubled in 2021 and rose an additional 47.9 percent YoY in 2022, exceeding USD 300 billion for the first time.


Add-on deals can allow target companies to maximize their value and achieve better outcomes than other exit types currently offered. Add-on deal value nearly doubled between 2020 and 2021.

Looking Forward

Firms are finding their footing as the market downturn establishes a longer-term presence. Prolonged economic uncertainty will likely manifest as a lower level of deal activity over the next few quarters while the PE ecosystem maintains a commanding presence in the private markets.

Why more companies
are hiring in Latin America

Top Tech Talent

  • A large pool of highly skilled tech professionals
  • They empower you to meet your software development goals

Same Time Zones

  • You can access quality talent in similar time zones
  • Real time communication and collaboration.

Cost Savings

  • Significant cost savings compared to hiring locally
  • Ensuring you stay on budget.

Cultural Alignment

  • Latin America has many cultural similarities to the US
  • Making it easier to communicate
  • Build relationships, and collaborate effectively

Schedule a call and receive personalized attention

zipdev logo