The first full week of the month saw only 96 U.S. announced transactions, valued at roughly $8.3 billion, according to Thomson Reuters. This compares to 168 transactions for the same time period (the first full week of March 2012), valued at $7.4 billion. Deal value rose about 12% while the number of transactions dropped nearly 43%.
The week’s largest deal was KKR’s $3.9 billion buy of Gardner Denver.
On the private equity side, the number of U.S. announced transactions plunged nearly 67% while deal value–helped by one large buyout–more than tripled . There were 14 PE-backed deals this week, valued at roughly $4.7 billion. This compares to last year when 43 transactions totaled roughly $1.3 billion.
Here are the week’s top 5 private equity deals, according to Thomson Reuters.
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HSBC Finance Corp. this week agreed to sell its loan servicing facility and related assets in London and Kentucky. The buyer is Springleaf Finance. The deal is expected to close in fourth quarter