Market At A Glance

The purchase of IMS Health Inc. (with a value of $5.09 billion) accounted for a major slice of the two-week period’s total. In fact, this is the largest LBO transaction so far in 2010. Affiliates of TPG and the CPP Investment Board acquired the Norwalk, Conn.-based provider of prescription drug sales data services in late February.

Year-to-date deal volume stands at $8.59 billion. The tally also includes the $550 million an investor group paid for an 82.5 percent stake in Bank of NT Butterfield & Son Ltd. The investor group includes Carlyle Group LLC and Canadian Imperial Bank of Commerce.

On the fundraising front, Linden LLC has reached the $208 million mark for its second investment vehicle. The health-care based shop has a $300 million target for Linden Capital Partners II LP, but expects to reach the hard cap of $350 million. Park Hill Group is assisting the Chicago-based firm with the fundraising drive.

The activity of this and other shops helped U.S.-based buyout and mezzanine firms reach $6.63 billion in fundraising so far this year.