The latest figure of capital commitments from institutional investors is vastly greater than the $19.1 billion recorded at the same time last year.
On the deal side, Thomson Reuters, the publishers of Buyouts, counted 56 deals completed between March 3 and March 14 that involved a U.S.-based financial sponsor. Twelve of these deals disclosed their financial terms for an aggregate rank value, including net debt, of $1.48 billion. Including the latest deal values, U.S.-based financial sponsors have completed 306 deals for an overall value this year of over $20.6 billion disclosed.
The largest deal over the past two weeks was Starwood Capital Group Global LLC’s acquisition of De Vere Venues division from De Vere Group plc, a British owner and operator of hotels, for 232 million pounds ($385.45 million). In another European deal, The Blackstone Group LP acquired 18 logistics centers of Fap Investments Srl, an Italian real estate development firm, for an estimated 200 million euros ($274.84 million), in an institutional buyout transaction.