U.S.-based buyout and mezzanine fundraising saw a groundswell since Buyouts last went to press, adding $9.3 billion to its yearly total. This year’s total sits at $26.5 billion, which lags last year’s pace by $1.3 billion, or 4.7 percent.
Kohlberg Kravis Roberts led the fundraising surge with KKR Americas XII Fund, which closed on $13.9 billion. Lexington Partners piled up more than $2.1 billion for its fourth co-investment vehicle. Lexington hasn’t listed a target for the fund.
A newcomer to the marketplace, Cordillera Investment Partners, wrapped up its inaugural fundraise at $197 million without the aid of a placement agent. Cordillera said it invests in “inefficient, misunderstood and not over-capitalized” sectors.
On the mezzanine side, Greylock Capital Group shot above its $200 million goal and settled at an oversubscribed $275 million for GCG Investors IV.
Deal-making had a moderate bi-week, growing by $4.7 billion. The yearly aggregate now sits at $34.2 billion, currently behind 2016’s total by $11.3 billion, or 25 percent.
Of the deals with disclosed value, the largest was for the Eagleford Shale assets of Anadarko Petroleum. Blackstone Group and Sanchez Energy acquired the oil and gas wells for $2.3 billion.
H.I.G. Capital followed with its deal for Lionbridge Technologies. The developer of software and computer services was bought for $432.8 million. Next up was Mitel Mobility. Siris Capital Group scooped up the telecom networker for $385 million.
Additional Data
IPO AFTERMARKET REPORT FOR SELECT BUYOUT-BACKED COMPANIES THAT WENT PUBLIC IN 2016-2017
If you do not receive this within five minutes, please try and sign in again. If the problem persists, please
email: