Slideshow: Add-Ons Boost PE-Backed M&A. Here's The Top 5 Deals, Including Kinder Morgan--CORRECTED
Market volatility may have slowed down M&A but there still are some bright spots. So far in 2011 there have been 503 U.S. announced mergers that are private equity backed. These deals are valued at$77.5 billion, which compares to the 632 deals for all of 2010 that totaled $69.34 billion, Dealogic says. Transaction values, according to the data, are up 12%. However, these totals don't include the mammoth Kinder Morgan deal. Kinder Morgan agreed to buy El Paso Corp. for about $38 billion, including debt, earlier this month. CORRECTED: The Carlyle Group, and Goldman Sachs Inc.’s buyout arm, Highstar Capital, along with Riverstone Holdings, bought Kinder Morgan in 2007. Kinder Morgan went public earlier this year but the PE firms still hold stakes.
