U.S.-based buyout and mezzanine shops obtained $52.2 billion in capital commitments to date 2009, while year-to-date deal volume inched up to about $22.64 billion.
It was a light week in terms of fund-raising news. On the deals front, there were more transactions during the most recent period compared to the prior week, but the disclosed valuation was much less.
Thomson Reuters (publisher of PE Week) tracked 10 leveraged buyouts from Oct. 14 to Oct. 20. Four of the deals had disclosed financial terms that combined for $506.9 million.
The largest transaction was by Symphony Technology Group and Elliott Management Corp., which purchased MSC Software Corp., a Santa Ana, Calif.-based simulation software developer, for $234.1 million. The transaction is part of the software company’s transition to a privately held concern.
Another transaction involved