There were 373 global announced mergers this week, valued at roughly $60.7 billion. The total is the lowest number of deals so far this year, according to preliminary data from Thomson Reuters. But deal value more than doubled from last week when 574 deals collected $28.5 billion, TR said.
We had some notable transactions this week led by Eaton Corp.’s $11.46 billion deal for Cooper Industries.
The number of private equity-backed deals was also low. According to TR, there were 51 PE-backed deals valued at $8.4 billion. This compares to 80 deals last week that totaled $8.6 billion.
One caveat, though. The number of deals and their value could change (up or down) as Thomson Reuters get more information on transactions. Here’s the week’s top PE deals, according to Thomson Reuters.
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[slide title=”5. Tarami Corp”]
Dydo Drino this week announced it would pay 11 billion yen (US$138 million) to buy jelly maker Tarami Corp, according to Bloomberg.
In 2009, Sun Capital Partner sold Tarami, a Japan-based maker of fruit and fruit-flavored gelatin cups, to a private equity subsidiary of Mitsubishi UFJ Lease & Finance Company Ltd.
[slide title=”4. Global Blue”]
Silver Lake and Partners Group yesterday agreed to buy Swiss-based tax-free shopping business Global Blue for 1 billion Euros ($1.3 billion) from rival Equistone, Reuters reported.
Nyon, Switzerland-based Global Blue, a duty free shopping group, helps overseas travelers in Europe reclaim sales tax on their shopping.
Equistone, formerly Barclays Private Equity, bought Global Blue in 2007 in a deal valuing the business at 360 million euros.
[slide title=”3. Formula One”]
CVC Capital Partners recently sold a $1.6 billion stake in the Formula One racing business to a group of investors, including the investment management firm BlackRock. After the sale, CVC owns about 42 percent of Formula One.
The sale is an attempt by CVC to reduce its risk before Formula One goes public, the New York Times said.
[slide title=”2. Motel 6″]
This week, Accor agreed to sell its troubled U.S. budget hotel business to the Blackstone Group for $1.9 billion.
The sale includes Accor’s Motel 6 and Studio 6 chains and comprises 1,102 hotels in Canada and the United States.
[slide title=”1. AMC Entertainment”]
The week’s biggest deal comes from China.
Dalian Wanda Group, a Chinese conglomerate, has agreed to buy movie chain AMC Entertainment for $2.6 billion, including debt, Reuters said. AMC is owned by an investment group that includes Bain Capital, CCMP Capital Advisors and Spectrum Equity Capital.