Fund-raising was not very active during the past week, as most of the activity was a result of two firms.
So far in 2008, buyout and mezzanine firms have raised a combined $51 billion in funding.
During the past week, U.S.-based LBO shops completed 18 transactions. Five of those deals had disclosed amounts totaling $1.6 billion, according to Thomson Financial (publisher of PE Week). There were no billion-dollar deals and more than half of the period’s volume was from The Blackstone Group’s acquisition of GSO Capital Partners, a private equity firm, for $945 million.
The rest of the transactions with disclosed amounts were smaller deals with values ranging from slightly more than $24 million (for the purchase of Nichols Brothers Boat Builders Inc., a bankrupt manufacturer of steel and aluminum vessels) to $325 million (for NCO Group Inc.’s acquisition of Outsourcing Solutions Inc., a provider of business process outsourcing services.)
Disclosed deal volume year-to-date inched higher to just above $35 billion. —Eamon Beltran