NEW YORK, June 26 (Reuters) - Private equity dealflow sank in the first
half of the year to a 17-year low as leverage continued to be elusive.
Year-to-date deals added up to $22.4 billion, down 82 percent from the
first half of 2008 and accounted for just 2.6 percent of overall M&A activity
for 2009, the lowest share since the first half of 1998, Thomson Reuters data
said.
On a quarterly basis, global private equity deals added up to $10.4
billion, the smallest amount since the fourth quarter of 2001.
Quarterly U.S. private equity deals totaled $3.7 billion in the first
quarter, 2.9 percent of total volume and the lowest level since the first
quarter of 2002.
These are the top five global deals for 2009 to date:
Target Buyer Price
Oriental Brewery [INTBB.UL] KKR $1.8 bln
IndyMac Bancorp (IDMCQ.PK) JCFlowers, others $1.55 bln
Votorantim Celulose e Papel BNDES Participacoes $1.35 bln
New City Residence Lone Star $1.1 bln
Wood Mackenzie Charterhouse Capital $903.2 mln
(For more on the Thomson Reuters global dealmaking data, click
[ID:nN25291870)
Stocks | Mergers & Acquisitions | Private Capital
