Fundraising and deal activity was active during the period from Oct. 26 to Nov. 7. U.S.-based buyout and mezzanine shops have about $75.97 billion in commitments this year. The recent increase was led by ArcLight Capital LLC’s efforts to hold ArcLight Energy Partners Fund V LP. The Boston-based firm’s latest fund raised $3.31 billion, which is above its $2 billion goal.
In addition, Energy Investors Funds closed United States Power Fund IV with more than $1.7 billion. Tonka Bay Equity Partners also closed Bayview Capital Partners III LP at $150 million. The Minnetonka, Minn.-based shop was originally seeking $125 million. Tonka Bay focuses its investment on manufacturing, distribution and business-services companies with EBITDA of more than $2 million.
On the Deals Front:
Thomson Reuters (Buyouts magazine’s publisher) tracked 29 deals with involvement from U.S.-based financial sponsors. The eight with known financial terms combined for about $4.9 billion. Blackstone Group LP led the pack. Its Blackstone Capital Partners VI LP acquired Emdeon Inc., a Nashville, Tenn.-based developer of revenue-and-payment cycle management software. The deal had a rank value of roughly $3 billion. This helped bright year-to-date deal volume to $83.9 billion.
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