We’re currently reporting our quarterly wrap up, so here’s a preview of some of the most active PE buyers so far. Below are 5 firms that have closed the most platform acquisitions in Q3 as of Sept. 15, according to Thomson Reuters. In cases where firms closed the same number of investments, firms are ranked higher by disclosed value of the deals, and if that’s not available, they’re ranked alphabetically.
Bernard Vaughan is a Senior Editor at Buyouts Magazine. Follow his tweets @BVaughanReuters.
[slide title=”5. Kohlberg Kravis Roberts & Co.”]
KKR, which was among the most active buyers in Q2, closed at least three platform acquisitions, all of which were in the U.S.: It closed its $2.375 billion take over of drug maker Capsugel, financial info provider Ipreo LLC, and outdoor lifestyle retailer Academy Ltd.
[slide title=”4. The Carlyle Group”]
Washington, D.C.-based Carlyle closed at least three new investments. It bought a 55% stake in hedge fund Emerging Sovereign Group LLC; French telecom equipment maker Sagem Communications SAS; and U.K.-based carpet maker Brintons Ltd.
[slide title=”3. The Riverside Co.”]
Lower mid-market shop Riverside, always among the most active buyers, closed at least four platform deals, two of which were in consumer products and services: Sunless Inc., a maker of tanning booths and products; and Avatar International LLC, a provider of research and consulting services. Its other deals came in media and entertainment (marketing company Centiv Services LLC) and high tech (Blue Sky Factory Inc., an e-mail marketing company).
[slide title=”2. HIG Capital”]
HIG, like Riverside always among the most active buyers, also closed four platform acquisitions, two of which were in Germany: tent maker Losberger GmbH and Haltermann Products, a company that provides chemical processing services. Its other platform acquisitions were Stoughton, Mass.-based vending machine operator Next Generation Vending and Food Service Inc., and Bezier Ltd., a London-based marketing company.
[slide title=”1. The Blackstone Group”]
Blackstone also closed at least four acquisitions as of 9/15, two of which came in the real estate sector: It bought Aussie real estate firm Valad Property Group for $673.8 million, and the German real estate portfolio of Level One Inc. It’s other platform investments cam in the financial sector, with its acquisition of auto finance company Exeter Finance Corp., and in consumer staples, with its acquisition of Tangerine Confectionary Ltd. in the U.K.