There were 236 U.S. announced transactions for the first two weeks of February, totaling $107.1 billion, according to data from Thomson Reuters. This compares to 326 deals for the same time period last year, valued at about $17.6 billion, TR says. The number of transactions fell nearly 28%, while deal value jumped about 509%.
The biggest deal this month obviously is the $27.5 billion takeover of HJ Heinz by Berkshire Hathaway and 3G Capital. Coming in second is the sale of Virgin Media to Liberty Global for $22 billion, Thomson Reuters says.
On the private equity side, we’ve seen 14 deals so far this month, totaling about $46.9 billion. This compares to 24 deals for the same time period in 2012, valued at $638 million. The number of deals dropped nearly 42% while transaction value jumped a humongous 7,251%.
Here are the top 5 PE deals for the first two weeks of February, according to Thomson Reuters.
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Prospect Capital Corp. on Feb. 7 said it had funded a recap of Nationwide Acceptance Corp. The deal was valued at $25.2 million. Chicago-based Nationwide is a specialty finance business.