Szigethy told Buyouts in an interview for an unrelated story that the firm expects to buy up to six new platform companies and put around $200 million of equity to work by year end.
The deals will be spread around the United States, Europe and Asia, he said, and are driven by concerns over tax increases and what he called “general momentum” to close things out by the end of the year. “There’s a great desire by people to get liquid and take some chips off the table,” he said.
Riverside did 28 acquisitions in 2007, 31 in 2008, 15 in 2009 and 16 so far this year.
In October, Riverside had two platform acquisitions and one sale. It generated 2.7x its invested capital when it sold Stoffel Seals Corp., a Congers, N.Y.-based company that makes security seals and brand identification products. It also struck its first deal in Italy, buying Arena Group, which makes athletic apparel and swimwear; it also bought the Mississauga, Ontario-based life sciences and industrial division of EXFO Inc.