Angelo Gordon & Co. also contributed, securing $258 million in capital commitments for AG Capital Recovery Partners VII LP, a distressed debt fund with a $3 billion goal.
Overall, buyout and mezzanine firms have obtained capital commitments of about $42.8 billion so far this year.
Meanwhile, Thomson Reuters, publisher of Buyouts, tracked the closure of 23 LBO deals between August 11 and September 2, helping to kick the year-to-date disclosed deal volume up to $10.3 billion.
Deals with disclosed values included JF Lehman & Co.’s acquisition of Ashland Inc.’s global marine service business for about $120 million. The acquired unit, called Drew Marine, generates about $140 million in annual revenue. Ashland sold the unit in order to focus on its core chemical operations.
Also, Golden Gate Capital and Infor Global Solutions bought SoftBrands Inc., a Minneapolis-based software developer, for $79 million. The acquisition was completed through Golden Gate and Infor Global’s Steel Holdings Inc. special purpose acquisition vehicle.