Market at a glance – fundraising and deals both add $18 bln

U.S.-based buyout and mezzanine fundraising boomed through the close of March and into the beginning of April. Since Buyouts last went to press, $18 billion was stacked on its yearly total. So far, $52.6 billion has been raised this year, surpassing last year’s total at this time by $7.1 billion, or 15.5 percent.

Vista Equity Partners led the charge, collecting $10.5 billion for Vista Equity Partners VI. The firm hit its hard cap but indicated that it hasn’t reached the final close.

Genstar Capital Partners wrapped up its latest primary vehicle, closing on just under $4 billion in commitments. Genstar invests in financial services, software, industrial technology and healthcare industries.

Dealmaking also surged through the end of Q1 into Q2, with the 2017 total growing by $18.8 billion. The yearly aggregate now sits at $54.3 billion, currently behind 2016’s total by $4.3 billion, or 7.3 percent.

Of the deals with disclosed value, six surpassed the billion-dollar plateau. The largest was a majority investment in National Grid Gas Distribution Ltd by an investor group led by CIC Capital Corp and Macquarie Group, for more than $4.5 billion.

Blackstone Group followed by acquiring OFFICEFIRST Immobilien AG & Co KG, a German-based real estate investment firm, for $3.5 billion. Blackstone also had the third-largest deal, absorbing Metaldyne Performance Group Inc. The firm acquired the manufacturer of motor vehicle parts for $3.2 billion.

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Additional Data

IPO AFTERMARKET REPORT FOR SELECT BUYOUT-BACKED COMPANIES THAT WENT PUBLIC IN 2016-2017

MARKET INTELLIGENCE

MarketInsight

Ratings Wrap-Up (March 24, 2017 – April 5, 2017)

Recent LP Commitments

Who Was Hiring in Q1 2017