According to Pitchbook, there were five M&A deals during the holiday week, worth a total of $1.92 billion. The largest of the five deals was Vista Equity Partners’ $1.9-billion LBO of Mindbody, which develops business management software for fitness facilities.
Last week, there were 29 merger and acquisition deals, worth a total of $6.87 billion of announced investments, per preliminary data supplied by Pitchbook. The largest deal was industrial packing manufacturer Greif’s (NYS: GEF) $1.8-billion acquisition of paperboard maker Caraustar Industries.
Last week, M&A markets produced 31 deals worth a collective $4.6 billion, according to preliminary data from Pitchbook. The largest was Tivity Health’s $1.4-billion cash and stock acquisition of Nutrisystem, a supplier of weight management products and services.
According to data provided by Pitchbook, the first week of December saw 17 M&A deals for a reported $9.5 billion in invested capital. These numbers are slightly lower than last week’s 26 deals. The largest deal this week was London-based GlaxoSmithKline’s $5.1-billion acquisition of Boston’s Tesaro, an oncology-focused bio pharmaceutical company. In the week, six of the deals were for targets from the Great Lakes region and seven companies there were purchased were direct-to-consumer businesses.
Following the late summer lull in July, August and September, spending on mergers and acquisitions has sustained its spike from October. M&A spending of $257.5 billion in November fell 10.9% from October’s spending, but is still up 58.4% on the trailing three-month average. The closing of a number of large deals drove spending numbers higher, including CVS’s $70-billion buyout of Aetna and Broadcom’s $19-billion acquisition of CA Technologies.
According to preliminary data from Pitchbook, last week there were 18 M&A deals for a total of $6.94 billion capital invested. One deal, Colfax’s $3.15 billion bid for DJO Global, was for greater than $1 billion. A total of seven deals were for $100 million to $1 billion. Seven of the eighteen deals involved industrial, infrastructure, or manufacturing companies. The West Coast garnered the most attention with six deals. The following are a selection of last week’s deals within Skyline’s areas of focus.
Last week, a total of 32 M&A deals took place, with $34.3 billion of capital invested. Six deals were worth over $1 billion, constituting 91.5% of the deal value last week. Eight of the deals were for manufacturing firms, accounting for $15.7 billion capital invested. Another eight companies acquired were information technology firms. The largest deal was a $13.2-billion cash acquisition of Johnson Controls’ Power Solutions Business by Brookfield Business Partners.
Total announced dollars spent on mergers and acquisitions activity spiked suddenly last month, reaching the second-highest mark for the calendar year on the back of a few mega-deals. Corporations and buyout firms announced total acquisition expenditures of $293.6 billion on 873 deals, a 272.0% increase from one year prior and a 218.1% spike from September, per preliminary data supplied by Pitchbook. The spike may be attributed to a high concentration of deals for more than $1 billion. $270.7 billion, or 92.2% of capital was for ten-figure deals.
Last week, a total of $43.6 billion was invested in M&A markets through 79 deals. That’s over two times as many deals as last week, but for $8.8 billion less capital. Of those 79 deals, 10 were in the manufacturing sector and another 10 were for SaaS firms, with $2.25 billion and $1.8 billion invested, respectively. However, the technology, media, and telecommunications sector was the busiest again, with $35.8 billion invested across 31 deals, equaling roughly $1.15 billion per deal. The week also brought antitrust approval for Broadcom’s $19 billion acquisition of CA Technologies.
There were 36 M&A transactions during the week ended November 3rd, representing a total invested capital amount of $52.4 billion. The largest deal, at $34 billion, was IBM’s acquisition of Red Hat. Below are highlighted deals within Skyline’s industry focuses.
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