Buyout and mezzanine firms in the United States have collectively raised $32.02 billion in commitments so far this year. The latest figures reflect efforts by Kohlberg Kravis Roberts & Co. and others.
KKR secured $575 million for KKR Mezzanine Partners I LP. The New York firm is more than half way towards the fund’s $1 billion target. Wicks Group of Cos. LLC picked up $278.4 million for Wicks Communications & Media Partners IV LP, which has a $560 million goal. The New York firm makes control equity investments in lower middle markets. It focuses on the information, education and media industries.
Industrial Growth Partners also secured $400 million towards the $500 million target of Industrial Growth Partners IV LP. The San Francisco firm provides equity capital to privately held, lower-middle market manufacturing and manufacturing services companies.
Thomson Reuters tracked 16 deals involving U.S.-based financial sponsors from May 17 through 31. One disclosed financial terms, according to the publisher of Buyouts magazine. Year-to-date deal volume climbed to $25.07 billion.
Clayton, Dubilier & Rice LLC bought Emergency Medical Services Corp. from Onex Partners LP and others. The acquisition of the Colorado-based provider of emergency medical care services has a rank value of $2.9 billion.