Prelim Data: PE Dealmaking Decreases in Q1

The first quarter doesn’t officially close until the clock strikes Thursday, but that doesn’t mean we can’t take a peek at preliminary deal volume data. My colleagues at Thomson Reuters sent over the following tidbits:

* Global M&A deal volume for Q1 is at nearly $550 billion for 8,737 deals, compared to $617 billion for 10,860 deals in Q4 2009. The prior first quarter had just $476 billion for 8,908 deals.

* Global PE-sponsored deal volume for Q1 is at just over $31 billion for 625 deals, compared to $55 billion for 761 deals in Q4 2009. The prior first quarter had just $17 billion for 639 deals.
Private equity’s percentage of the total M&A pot is 5.7% in Q1 2010, which is the lowest total since Q2 of last year (3.2%).

* Fundraising by U.S.-based buyout and mezzanine funds remains sluggish. As of this morning, our database shows just $13.57 billion raised by 42 such funds in Q1. When all the numbers are counted, however, Q1 could still top the $14 billion raised in Q4 2009.

* Venture fundraising is even worse, with just $2.66 billion banked by 23 U.S.-based VC funds. Likely to be worse than the $4.06 billion raised in Q4 2009, but already better than the $2.3 billion raised in Q3 2009.

You can download a spreadhseet of the preliminrary PE deal volume data by clicking here.