Slideshow: PE-Backed M&A Jumps in Q3 and Here’s the Top 5 Deals

The value of U.S. announced M&A transactions dropped 9.4% in third quarter, while PE-backed deals showed gains, according to data from Dealogic.

There were 2,662 U.S. M&A deals in third quarter, totaling $239.7 billion. This compares to 2,344 transactions valued at about $264.6 billion for the same time period in 2010, Dealogic says. Third quarter’s deal values were also off about 6% from Q2 when 2,614 transactions totaled $254.5 billion, Dealogic says.

PE-backed deals showed increases in both deal value (up 14.2%) and the number of deals (up 11%) compared to last year. Private equity was involved in 162 transactions in Q3, valued at $21.7 billion. This compares to 146 deals in third quarter of 2010 that totaled about $19 billion. But the value of PE-backed deals declined from second quarter when 151 transactions totaled $23.8 billion.

Here’s the top 5 U.S. announced PE deals for third quarter.


[slide title=”5. Blackboard”]

In July, Providence Equity Partners agreed to buy Blackboard for $1.64 billion plus $136 million in debt.

The transaction closed yesterday.

Blackboard, of Washington D.C., provides education software technology to students globally.

[slide title=”4. Immucor”]

TPG Capital, also in July, agreed to buy Immucor for $27 a share or $1.97 billion. Norcross, Ga.-based Immucor makes and sells products used by hospital blood banks, clinical labs and blood donor centers to find certain properties of human blood before patient transfusions. The deal closed in August.

[slide title=”3.”]

GoDaddy, the world’s largest domain registrar, agreed to sell itself in July to KKR, Silver Lake Partners and Technology Crossover Ventures for a reported $2.25 billion.

GoDaddy’s sale to the KRR-led group has NOT closed, an official says.

[slide title=”2. Emdeon”]
Blackstone agreed to buy Emdeon for about $3 billion in August. The sellers include General Atlantic and Hellman & Friedman (Hellman is reportedly retaining a stake).

Nashville-based Emdeon is a healthcare revenue and payment cycle management company.

[slide title=”1. Kinetic Concepts”]

Third quarter’s biggest deal is Kinetic Concepts. Apax Partners in July led a group of PE investors to buy Kinetic for $68.50 a share or $6.3 billion.

Kinetic, of San Antonio, Texas, provides wound care products.