Buyout and mezzanine shops began the third quarter with a few hits on the fund-raising front.
For the week ending July 8, year-to-date fund-raising inched up to $37.6 billion. To put that into perspective, buyout funds collectively raised $264.1 billion for all of 2008.
The biggest fund-raising winner last week was
Coming in second was New York-based
Just behind Centerbridge was Houston-based
The number of LBO transactions during the end of the second quarter and the start of the new period totaled 18, bringing year-to-date deal volume to $7.8 billion. To put that into perspective, buyout shops collectively completed deals valued at $137 billion for all of 2008.
The five deals with disclosed financial terms had a combined disclosed valuation of about $738.5 million.
The largest deal that occurred from June 24 and July 7 was
Coming in second was Bain Capital’s Domino’s Pizza Group Ltd.’s $67 million purchase of Dresdner Kleinwort Leasing March 2 Ltd., which does payment processing. At No. 3 was Lime Rock Partners’ $49.7 million purchase of Allis-Chalmers Energy Inc., which provides oil and natural gas equipment and drilling services.At No. 4 was LLR Partners’ $41.1 million buyout of I-Many Inc., which develops contract management software.And, finally, Tailwind Capital Partners’ Archway Marketing Services paid $19.6 million for the supply chain management division of Resolve Business Outsourcing Income Fund. —Eamon Beltran