Meantime, Thomson Reuters, the publishers of Buyouts, tracked 44 transactions involving U.S.-based financial sponsors between July 22 and August 2. Of those firms that reported transactional values, total volume increased by almost $6.7 billion over this period, bringing the year-to-date value for 2013 to $78 billion.
The largest deal to close over the past two weeks was the acquisition of Gardner Denver Inc by KKR & Co LP for over $3.8 billion. For $76 per share, KKR acquired the entire share of the Wayne-based manufacturer and wholesaler of compressors, blowers and pumps.
Another prominent deal to be completed between July 22 and August 2 was the purchase of Intuit Financial Services by Thomas Bravo LLC. The Woodland Hills-based provider of online banking services was acquired for an estimated $1.025 billion in cash in a leveraged buyout transaction. Simultaneously, TowerBrook Capital Partners LP completed a deal for the entire share capital of True Religion Apparel Inc for $821 million.