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Private equity firms showed their muscle last week as they were involved in two of the largest deals for the week ended June 23. Topping the Dealogic's list was B.C. Partners Ltd.'s $16.4 billion acquisition of Intelsat Ltd. Terms of the June 19 deal called for the British buyout firm to acquire 76% of the satellite operator for about $5 billion. The company was also highly leveraged holding $11.4 billion in debt as of March 31. Meanwhile, on the opposite side of the Atlantic, three buyout firms teamed up June 19 to purchase Home Depot Inc.'s wholesale distribution division, HD Supply, for $10.3 billion. Bain Capital LLC, Carlyle Group and Clayton, Dubilier and Rice Inc. will each own 33% of the unit, which sells construction supplies such as lumber as well as provides electrical, plumbing and building maintenance to commercial property. Home Depot was looking to make strategic changes over the last couple of months as it struggled to meet analyst's expectations while its main competitor Lowe's Cos. gained market share. The two deals are endemic of private equity's continued growth over the last couple of years, but only recently have the number and valuation of deals been at or near record highs. According to Dealogic, there have been 82 deals over $1 billion involving buyout firms already in 2007 compared with 120 buyouts for all of 2006. Even more startling is that the second quarter 2007 is the largest quarter for buyouts with $283 billion in volume, Dealogic said. For a full look at last week's deals of the week charts and other listings, check out our Deals of the Week subchannel on TheDeal.com. —Gerald Magpily See The Deal.com article: BC Partners flies off with Intelsat CategoriesPrivate capital video
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