Significant PE Deals Timeline

The landmark deals that shaped private equity, from the early leveraged buyouts to the largest take-privates of the modern era. Each deal is a turning point that changed how the industry works.

1978

Toys "R" Us leveraged buyout

Kohlberg, Kravis and Roberts, the future KKR, took Toys "R" Us private in what is widely called the first true leveraged...

1979

R.J. Reynolds taken private by the 'Texas Rangers'

In one of the first modern take-privates, a group of investors led by the heirs of the Reynolds family, backed by Michae...

1988

KKR takes RJR Nabisco private

In the most famous leveraged buyout ever, KKR bought RJR Nabisco for $25.3 billion, more than double the company's marke...

1989

Unilever acquires Best Foods

In one of the largest food-industry deals of the 1980s, Unilever bought Best Foods, the American company behind brands l...

2007

KKR, TPG, Carlyle and Blackstone take Dell private

In what was the largest private-equity deal ever at the time, a consortium of the biggest PE firms in the world, togethe...

2013

Dell returns to the public markets

After six years in private hands, Dell went back to the public markets in a blockbuster initial public offering that rai...

2016

Blackstone acquires Ares Capital's credit business

In a landmark deal that changed the shape of the alternative-assets industry, Blackstone bought a majority stake in Ares...

2021

Apollo acquires Halliburton's UK business

Apollo Global Management made a major acquisition in the energy services space, buying specific Halliburton business uni...

2022

PE firms expand healthcare platform investments

Healthcare has become one of the most active sectors for large private-equity deals, with several multi-billion-dollar p...

2023

Large technology carve-outs and platform deals

Technology has become one of the most active sectors for large PE deals, with sponsors like Thoma Bravo and Vista Equity...

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