Eamon
The fees sponsors around the world paid to investment banks in 2012 fell 6.84 percent from year earlier levels. The amount shelled out during the final quarter was an improvement from the comparable year ago period and contributed to the narrowed year-over-year comparison.
The early days of 2013 have seen a few fundraising efforts. The largest involved Kayne Anderson Capital Advisors LP closing Kayne Anderson Energy Fund VI LP at $1.6 billion.
Worldwide private equity-backed M&A activity in 2012 was flat, based on disclosed deal volume. It totaled $321.4 billion compared with $322.5 billion a year earlier.
Deal prices for portfolio companies in the middle market stood at 8.6x EBITDA at the end of the fourth quarter.
Domestic buyout and mezzanine shops have seen an improvement in the fundraising environment in 2012.
Domestic buyout and mezzanine shops were quite active in the capital raising front during 2012. Collectively, these firms secured about $154.2 billion, with activity strong in the mega funds (with targets of at least $5 billion) and the large-medium funds (those seeking $1 billion to less than $5 billion) groups.
The California Public Employees’ Retirement System made the largest commitments to a single fund from the start of September through Dec. 10 this year, according to the research by Buyouts.
The health care sector, one of the industries that private equity favors, is seeing employment gains.
U.S.-based buyout and mezzanine firms have secured $143.3 billion through the first 11 months of 2012.
The number of U.S. buyout-backed companies that filed for bankruptcy protection so far this year is 19, which is the total for all of 2011.