Insight Equity Holdings LLC was also active during the period. First, it secured $312.5 million for Insight Equity Fund II LP, which has a target of $500 million. The Southlake, Texas-based shop also raised $99 million for Insight Mezzanine Fund I LP. UBS Securities LLC is serving as placement agent for both vehicles.
Buyout and mezzanine firms have raised $29.9 billion so far this year.
On the deal front, Thomson Reuters, the publisher of Buyouts, tracked eight LBO deal closures during the past two weeks.
Two of the deals had disclosed financial terms. MatlinPatterson Global Advisers LLC acquired Foamex International Inc., a bankrupt maker and wholesaler of plastic foam products, from D.E. Shaw & Co. for $155 million.
Elsewhere, Audax Group LP’s Andrews International unit acquired the U.S. and Mexico guarding operations of Garda World Security Corp. $44.25 million. These transactions helped push disclosed deal volume so far this year to about $7.19 billion.
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