Market at a Glance: Fundraising continues its end-of-year push

It was a slower week for U.S.-based buyout and mezzanine fundraising since the last issue of Buyouts, but it still added more than $3.4 billion to the year-to-date 2018 total, which now exceeds $182.1 billion.

The year continues to close in on last years tally, trailing by $10.6 billion, or 5.5 percent.

Trilantic Capital Partners led the charge. Its sixth flagship raised more than $2 billion of a targeted $2.45 million. The total includes its parallel fund.

FS Equity Partners also crossed the billion-dollar threshold. Its eighth flagship raised nearly $1.1 billion.

Carlyle Group continued to raise funds for its fifth European fund, which raised more than $198 million.

Deal flow slowed during this period, adding only $38 million to the 2018 total. However, this years tally is still more than $64 million over the 2017 total.

The largest deal was the $25 million acquisition of Stelligent Systems by a Blackstone vehicle, MphasiS Ltd. Stelligent provides consulting services software.

The next largest disclosed deal was the acquisition of Atlas Knowledge by Mintra Trainingportal, a unit of Riverside Co, for $14 million cash. Atlas Knowledge is a trade-school operator.

 

Additional Data

IPO REGISTRATIONS BY SELECT PRIVATE EQUITY-BACKED COMPANIES IN 2017-18 YTD

MARKET INTELLIGENCE

MarketInsight

Pricing Table_Mid Mkt_December 2018

Private equity job openings

Ratings Wrap-Up (November 6, 2018 – November 13, 2018)

Recent LP Commitments