Slideshow: U.S. M&A Remains Slow But Steady

The donkey is a slow and steady animal.

In a surprise, the U.S. M&A market seems quite steady.

There were 101 U.S. announced deals this week (Nov. 25 to Nov. 30), valued at $32.9 billion, according to data from Thomson Reuters. This compares to last year, when there were 82 U.S. announced mergers from Nov. 20 to Nov. 26 (the last full week of November), totaling about $24.5 billion.

The biggest deal was a real estate transaction. Equity Residential and AvalonBay Communities agreed to buy Archstone for $6.5 billion in cash and stock.

In the private equity world, M&A remained consistent. There were 23 U.S. announced mergers this week, totaling $6.1 billion. This compares to last year when there were 13 deals valued at $7.2 billion.

Here’s the top five PE deals, according to Thomson Reuters.

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[slide title=”5. Balance Bar”]

On Monday, Brynwood Partners said it had sold its investment in Balance Bar, which provides energy bars that are sold a retailer like Target, Safeway and Whole Foods. NBTY, which is backed by the Carlyle Group, was the buyer.

Thomson Reuters values the deal at $78 million.

[slide title=”4. FleetCor Tech”]

FleetCor Technologies said Tuesday that certain of its shareholders were selling shares in a secondary offering. FleetCor, which provides fuel cards and workforce payment products to businesses, said it intends to repurchase up to 4 million shares from the selling stockholders for up to $200 million.

So who cashed out? Summit Partners is selling 2.5 million shares and reducing its stake to 12.58% from 17.82%, according to an SEC filing. Bain Capital also is selling 1.3 million shares and cutting its holding to 5.45%, the filing says.

[slide title=”3. FleetPride”]

This week, Investcorp said it completed the sale of FleetPride, a US truck and trailer parts distributor, for $1 billion. TPG was the buyer.

[slide title=”2. USI Holdings”]

On Monday, Onex Corp. said it would buy USI in a deal valued at $2.3 billion. USI, an insurance broker, was backed by Goldman Sachs Capital Partners.

Onex says it’s investing $700 million in the deal.

[slide title=”1. McGraw Hill Education”]

McGraw-Hill Cos. said Monday it agreed to sell its education business to Apollo Global management for $2.5 billion. The deal is expected to close in late 2012 or early 2013.


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