U.S. Deal Values Rocket 88% in First Quarter

A spate of large transactions helped boost deal values by nearly 88% in first quarter, while the number of transactions dropped.

There were 1,887 U.S. announced transactions during the first three months of 2013, totaling $268.9 billion, according to preliminary data from Thomson Reuters. This compares to 1,991 deals for the same time period last year, valued at $142.7 billion.

The month of March showed a similar trend. There were 460 transactions so far this month, valued at $77.4 billion. This compares to 2012 when there were 653 deals for all of March totaling $37.7 billion, Thomson Reuters says.

The biggest U.S. announced transaction in the first quarter was the $27.3 billion takeover of H.J. Heinz by Berkshire Hathaway and 3G Capital. Coming in second is the sale of Virgin Media to Liberty Global for $21.4 billion, Thomson Reuters says.

On the private equity side, transaction values more than tripled in first quarter. There were 364 U.S. announced PE deals during the first three months of the year (so far), totaling $92.1 billion. This compares to 410 deals last  valued at $26.4 billion.

The number of PE-backed deals in March plunged 51%. There were 80 private equity transactions totaling $30.7 billion. This compares to 166 transactions during March of 2012 totaling $7.4 billion.

Here are the top 5 PE deals for first quarter, according to Thomson Reuters.

Photo courtesy of Shutterstock

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