Slideshow: Surprise! The Value of Global PE-Backed Mergers Actually Increased in December

The year is swiftly coming to a close and while fiscal cliff negotiations continue in Congress, we do have some good news.

The value of global announced private equity-backed mergers actually increased in December, according to data from Dealogic. There were 133 global announced mergers this month, valued at roughly $12.6 billion, Dealogic says. This compares to 156 transactions in December 2011, which totaled $11.4 billion. Transaction value jumped about 11% in December.

What does this mean? Well, not that much. In November, peHUB reported that PE executives were expecting a surge in deals in December, ahead of looming tax changes in January. “There will be a mad rush to get deals done,” a PE source told me.

December did turn out to be busy although the number of deals did drop nearly 15%. This was offset by an increase in global deal value.

Here are December’s top 5 deals, according to Dealogic.

Photo courtesy of Shutterstock


[slide title=”5. Topshop”]

In early December, British retail billionaire Philip Green sold a 25% stake in Topshop and Topman to Leonard Green & Partners. Dealogic values the deal at $805.2 million.

[slide title=”4. TNS”]

Siris Capital Group led an investor group this month to buy TNS, which makes network products, Bloomberg News reported. The transaction was valued at $862 million.

[slide title=”3. B&M Retail”]

Coming in third place is Clayton, Dubilier & Rice’s investment in B&M Retail. CD&R agreed on Dec. 3 to buy a “significant” stake in the discount U.K. retailer. Dealogic values the deal at about $927 million.

[slide title=”2. TLG Immobilien”]

Lone Star Funds inked a buy of TLG Immobilien, a German commercial buildings company. The seller is that country’s Federal Ministry of Finance, AltAssets reported. The deal is valued at $1.4 billion, Dealogic says.

[slide title=”1. Lightower Fiber”]

The month’s biggest deal comes from Berkshire Partners. In December, Berkshire said it planned to buy and merge Lightower Fiber Networks and Sidera Networks. The two deals are valued at $2 billion.