Some good news for a change: PE-backed IPOs soar

The news has been uniformly bad for the private equity industry recently. But, hey, to brighten your day: Private equity-backed-listings have been faring really well, according to Financial News Online. Over the last 4 years, these issues have averaged a gain of 56 percent, compared with 44 percent for non-private equity-backed issues. That figure includes venture capital backed deals. So for the average deals anyway, the IPO exits have really paid off. There have been some big winners and big losers along the way obviously. Who has fared the best? Goldman Sachs Capital Partners tops most people's list. It shrewdly played both sides of the Atlantic, and its companies put up some great numbers. In the U.S., it really shined; it listed seven companies over the last four years, which gained 120 percent on average. This isn't going to make people feel that much better, and it seems a future glut is likely.   

For more:
- here's the article from Financial News Online