August is typically a slow month in private equity and 2017 was no exception.
U.S.-based buyout and mezzanine fundraising added only $2.2 billion since Buyouts last went to press. Thus far, $149.4 billion has been raised, leading this time a year ago by $27.9 billion, or 23 percent.
Seaport Capital Partners wrapped up its fifth fund at an oversubscribed $230 million. Fund V focuses on communications, media, business and information services in the lower-middle market.
Making its debut in the mezzanine scene, Gryphon Investors concluded the fundraising campaign on Gryphon Mezzanine Partners with a first-and-final close at its $100 million cap.
Deal-making didn’t fare much better, padding its total by only $2.5 billion. The yearly aggregate now sits at $124.4 billion, ahead of 2016’s total by $14.3 billion, or 13 percent.
Of deals with disclosed value, a solitary transaction cleared the billion-dollar hurdle.
Centerbridge Partners acquired a majority interest in Syncsort Inc, a publisher of data-integration software, for just under $1.3 billion.
Following was HGGC completing a deal for Nutraceutical International Corp. The maker and wholesaler of nutritional supplements was bought for $416.9 million.
Blackstone Group also got into the mix, purchasing Global Sources Ltd, an internet-service provider, for $369.3 million.
H.I.G. Capital bought out the entire share capital of NCI Inc, a computer-facilities-management-service provider, for $266.9 million.