U.S.-based buyout and mezzanine shops have collectively raised $56.3 billion so far this year. Rockland Capital LLC of Houston, Texas, completed the fundraising drive of its debut fund. Rockland Power Partners LP closed with $300 million in capital commitments, which is below the $350 million target the firm sought when it launched the vehicle in mid-2008.
Grey Mountain Partners LLC also closed its latest investment vehicle at $224 million. Grey Mountain Partners Fund II LP has a $250 million target. Harken Capital Advisers and Jefferies & Co. served as placement agents for the Boulder, Col-based shop’s fundraising effort.
Thomson Reuters, Buyouts’s publisher, tracked 10 LBO deals from Oct. 12 to Oct. 26. There were four transactions with disclosed financial terms and two of these were in the $1 billion-plus range. The four deals had an aggregate value of $5.4 billion and this brought year-to-date deal volume up to about $50.3 billion.
3G Capital had its hand in the period’s top deal. The New York-based firm acquired Burger King Holdings Inc., a Miami, Fla.-based fast food restaurant owner and operator, through Blue Acquisition Sub Inc. The transaction has a rank value of $3.94 billion.
Correction: The Market At A Glance column posted on Nov. 1, 2010, misstated the year-to-date value of the deals that it mentioned. The original story incorrectly stated that the total was about $45 billion.