Deal valued dropped 50% while the number of transactions fell nearly 26%, according to preliminary data from Thomson Reuters. This week saw 419 announced global mergers totaling $38.9 billion, down from 566 transactions last week valued at $78.5 billion. My weekly caveat: Thomson Reuters numbers may change as more deals and details emerge.
The week’s top deal came from Japan’s Marubeni Corp., which agreed to buy Gavilon Holdings, a grains company in Nebraska, for about $3.6 billion.
Private equity-backed transactions were similarly low. There were 31 PE-backed global transactions, valued at roughly $2.2 billion. This is down by about half from last week when 62 transactions were valued at about $4.3 billion, TR said.
Here’s the week’s top PE deals, according to Thomson Reuters.
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[slide title=”5. The Hoxton Hotel”]
The week’s fifth largest deal comes from Ennismore Capital, a boutique investment firm in London, which bought Hoxton Hotel.
[slide title=”4. Technicolor”]
Vector Capital made an offer to buy about 30% of Technicolor, a French digital video specialist, for up to 186 million Euros ($233 million). Vector said its offer was a “substantial improvement” over a rival bid from JPMorgan and One Equity Partners. But Technicolor’s board chose to back JP Morgan, which offered to inject up to €158m in exchange for a 29.96% stake.
[slide title=”3. Prosper Trade”]
There’s not much information available on this next deal. Sunny Fortune Investments, a unit of Enerchina Holdings, has reportedly agreed to buy Proper Trade Investments and Welson East, of China. Wu Laam Anne is the seller.
Thomson Reuters, which says the deal is in the real estate sector, values the transaction at $310.9 million.
[slide title=”2. Coking Coal Mine”]
Keystone Global is reportedly buying an unnamed coking coal mine that’s located across the states of West Virginia and Kentucky for $480 million.
Korea-based Keystone is principally engaged in the energy business.
[slide title=”1. Interline Brands”]
The week’s biggest deal is the sale of Interline Brands to Goldman Sachs Capital Partners and P2 Capital Partners for about $1.1 billion.
Jacksonville, Fla.-based Interline is a distributor and direct marketer of maintenance, repair and operations products.