Globally, Preqin reports 411 private equity-backed transactions in second quarter, raising $43.3 billion. This is up from the same period in 2009 when 295 deals were valued at $14.6 billion. The totals are also the best for buyouts since third quarter 2008 when 483 deals raised $45.1 billion.
North America produced much of the deal value. There were 175 deals in North America, valued at $26.7 billion. By comparison, Europe had 169 deals in second quarter, raising a total of $11 billion. Asia, and the rest of the world, produced 67 deals, valued at $5.6 billion.
Most of the deals came in the lower middle market, with 50% of Q2 buyouts valued at less than $100 million, Preqin said. But this changes in terms of aggregate deal value where mid-market and large deals dominate. Deals valued at $500 million to $999 million comprise 23% of total aggregate deal value, while large deals–those over $1 billion–represented 46% .
The $3.9 billion buyout of Extended Stay by a consortium led by Centerbridge Partners (including Blackstone Group and Paulson & Co.) was the quarter’s largest, followed by Warburg Pincus and Silver Lake’s $3.4 billion deal for Interactive Data.