Deals of the Year

PE Hub names the winners for the best exits of 2024, in six categories.

Leonard Green & Partners scored top honors in PE Hub’s 35th annual Deal of the Year Awards, which recognize exceptional exits that were realized in 2024.

The Los Angeles private equity firm took home PE Hub’s overall Deal of the Year Award, as well as the Large-Cap North America Award. LGP delivered the fourth largest US private equity exit in history in June when it closed the sale of SRS Distribution, a roofing specialist based in McKinney, Texas, to the Home Depot for an enterprise value of $18.25 billion in an all-cash transaction.

Signed in March, the deal closed swiftly in June, despite challenging market conditions for M&A. LGP generated EBITDA growth of 5x over its six-year holding period. Not only did the exit deliver returns for its GPs and LPs, but it also yielded significant proceeds for the employees of SRS, embodying the growing trend of employee ownership for PE portfolio companies.

The Large-Cap Europe Award went to Permira for the sale of the majority stake in fund administration and corporate services provider Alter Domus, with an EV of €4.9 billion, to Cinven.

PE Hub received hundreds of nominations for the 2024 awards. Our criteria for selecting the winners included a wide array of metrics, such as multiples on invested capital; internal rates of return; EBITDA growth; employee retention, expansion and participation in exit proceeds; add-on deals and organic growth. We also looked at investment rationale and plans, as well as methods of growth and how exits were made. And we considered the significance of transactions within a sector and how they exemplified the year’s challenges and opportunities.

2024 DEALS OF THE YEAR

Leonard Green & Partners wins PE Hub’s Overall Deal of the Year Award for...

LGP, which shared proceeds of the deal with SRS employees, also wins PE Hub's Large-Cap North America Deal of the Year Award.

Permira earns PE Hub’s Deal of the Year: Large-Cap Europe for the sale of...

As well as entering the US market through M&A, the seven-year hold let Permira cash in on the rapid growth of the alternatives industry.

Atlas Holdings wins PE Hub’s Mid-Cap North America Deal of the Year Award for...

Atlas saw a ripe opportunity to exit an eight-year hold of a printer labels manufacturing business sold in two pieces in late 2024.

One Equity Partners wins PE Hub’s Mid-Cap Europe Deal of the Year Award for...

Supply chain disruption during the covid-19 pandemic and a drop in customer inventory levels late in the hold period didn't stop Walki, a packaging materials manufacturer, growing its EBITDA multiple.

Montage Partners wins PE Hub’s Small-Cap North America Deal of the Year Award for...

SWDP's revenue grew 5x and EBITDA 7x through Montage's hold, thanks to initiatives like the creation of an installation division and the backdrop of the data center boom.

Ardian wins PE Hub’s Deal of the Year: Small-Cap Europe for the sale of...

The Paris Olympics in 2024 proved good timing for Nutripure, as the company created a dedicated communication strategy around the event.

PAST YEARS' AWARDS

2023 DEALS OF THE YEAR

Deal of the Year: Warburg Pincus and Summit Health

Warburg Pincus’ massive expansion of Summit Health and subsequent exit earns it our overall deal of the year award as well as being the large-market winner.

Turnaround Deal of the Year: Ares Management and Savers Value Village

Ares made it rain during an IPO drought when it brought Savers Value Village to market.

International Deal of the Year: BlackRock Long Term Private Capital and Creed

BlackRock had a nose for the power of luxury, even during covid.

Secondaries Deal of the Year: Kaiser Permanente

Kaiser deftly closed its portfolio sale last year despite market turbulence, price fluctuations and the banking crisis

Mid-Market Deal of the Year: Vestar Capital Partners and Edward Don & Co

Vestar’s investment in a family company founded over a century ago paid off despite difficulties of the covid era

Small Market Deal of the Year: Vesey Street Capital Partners and Quality Metric

Vesey stuck to its playbook when it acquired healthcare data services firm Quality Metric

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