Market wrap up: Clearlake leads industry activity with $410M

The fund-raising commitments that buyout and mezzanine shops have collected so far this year are hovering at about $2.3 billion.

Among those who have helped lift fund-raising in the past week include Clearlake Capital Group, which closed Clearlake Capital Partners II with more than $410 million in pledges. The firm invests in special situations, including companies undergoing complex financial, operational or structural change.

Meanwhile, Guardian Capital Partners also held the final close of Guardian Capital Partners Fund I with slightly more than $50 million in commitments. The firm invests in manufacturing and service businesses that generate annual revenue of $15 million to $75 million.

Deal activity

Thomson Reuters (publisher of PE Week) tracked nine LBO deals from Jan. 12 through Jan. 19. Only three deals disclosed financial terms and had an aggregate value of $356.9 million. The year-to-date deal flow total more than doubled to $583.1 million.

The period’s largest transaction was completed by an affiliate of HIG Capital. The Miami, Fla.-based firm acquired Allion Healthcare Inc. (Nasdaq: ALLI), which provides pharmacy and disease management services, for $220.9 million. The Melville, N.Y.-based company is focused on patients with HIV/AIDS and on chronically ill patients.

Another recent deal involved Vista Equity Partners’ purchase of Intuit Real Estate Solutions from Intuit Inc. (Nasdaq: INTU) for about $128 million. Intuit Real Estate, based in Highland Hills, Ohio, provides software and services to real estate management and investment companies. The business generated revenue of about $74 million for the fiscal year ended July 31.