Buyout and mezzanine firms are expected to face many hurdles this year with their fund-raising activity. But some firms have recently held closings and others are planning new vehicles in 2009.
The Chicago-based firm, which invests in companies that provide goods and services to Hispanics in the U.S. and Puerto Rico, had a hand in helping buyout and mezzanine firms raise $727.7 million so far this year. The fund-raising total in 2008 was $262.5 billion.
In other fund-raising news,
Thomson Reuters (publisher of PE Week) tracked 11 pending and completed control-stake transactions during the past week. The four with financial terms had a combined value of $474.9 million.
Manhattan Software Bidco Pty Ltd.’s tender offer for MYOB Ltd., a business management software developer, was the period’s largest transaction. The LBO deal has a rank value of about $276 million. Manhattan Software, which was formed by Archer Capital Pty Ltd. and
In 2008, 870 control-stake transactions were closed and those with financial terms had an aggregate value of $137 billion.