Madison Dearborn Partners LLC has reportedly completed marketing for its sixth fund after 28 months of soliciting limited partners. The Chicago firm ended up with $4.1 billion in commitments, well below its already-lowered $7.5 billion goal. The original target for Madison Dearborn Capital Partners VI LP was $10 billion.
Elsewhere, Francisco Partners hit the $1.5 billion mark for its third fund earmarked for investments in technology and tech-related businesses. The San Francisco shop is seeking $2 billion for Francisco Partners III.
On the deal side of the market, Thomson Reuters, publisher of Buyouts, tracked a total of nine control-stake acquisitions by U.S. sponsors between April 20 and May 5, bringing our year-to-date disclosed deal volume total to more than $12 billion.
The sole deal with disclosed terms was EMP Global LLC’s $242.7 million purchase of Futura Leasing SA, a Gdansk, Poland-based car leasing company, from General Motors Acceptance Corp.
Another of the period’s deals was the acquisition of Informance International Inc. by Solarsoft Business Systems, a subsidiary of Marlin Equity Partners. Informance International provides services that help manufacturers become more efficient.