1714 ET [Dow Jones]--Acquisitions by private-equity firms across the U.S. totalled $514 billion this year through Sept. 15, a roughly 61% increase from the $320 billion recorded during the first nine months of last year, according to a KPMG report. This year's total, however, is still below a $665 billion peak reached in 2021, before a drastic rise in interest rates that started early in the following year depressed deal activity, the consulting firm says. "With the Fed cutting rates by 50 basis points in September ... we expect private equity to accelerate their dealmaking again in 2025," Glenn Mincey, KPMG's U.S. private-equity leader, says in the report. (luis.garcia@wsj.com)
(END) Dow Jones Newswires
September 27, 2024 17:21 ET (21:21 GMT)
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