Document Dump

Just cleaning off the desktop, before heading off on a two-week vacation. peHUB will continue per usual, with my editorial colleagues picking up the slack…

* The second quarter ends today, which means we’ve got some data. First up are global M&A numbers, which show 9,817 announced deals valued at over $1.65 trillion dollars. That’s slightly fewer transactions than we saw in Q1, but a much higher dollar amount.
M&A Volume.xls

We also have the quarter’s largest M&A transactions.
Q2 M&A Deals.xls

* Next up are VC-backed IPO numbers (strong) and buyout-backed IPO numbers (weak). Twenty-four VC-backed offerings priced and began trading in Q2 (not so fast ShoreTel), for an IPO aggregate of around $4.11 billion. Only twelve buyout-backed offerings priced, for around $2.66 billion.
VC-Backed IPOs3.xls
buyout-backed ipos1.xls

* A discussion of stub equity from law firm Weil Gotshal. Its verdict? “Going semi-private is probably not the ideal result for sponsors, particularly in a time when equity capital is abundant.” Stub_Equity.pdf

* The latest quarterly review from the Emerging Markets Private Equity Association.