Fund-raising activities cooled off as the first heat wave of the summer hit the Northeast. It seemed as though buyout firms decided to stay indoors this past week to avoid getting scorched by rising temperatures.
The lack of recent activity on the fund-raising front means the capital commitments raised so far this year by buyout and mezzanine firms remained unchanged from the $133.6 billion reported a week earlier.
Deal activity robust, though size is modest
There was more activity on the deals side, but no blockbuster transactions. Ten control-stake transactions closed in the past week, according to Thomson Reuters (PE Week’s publisher.) Only four had disclosed prices that totaled just under $300 million.
Year-to-date deal volume inched higher to $55.9 billion reported a week earlier.
The largest LBO-backed transaction of the latest period was the acquisition of i2 Inc. by