For the week ended April 11, the CDT Roundup saw 10 deals reported with a total valuation of just over $5 billion. The prior week had 11 deals reported with a total value of $33 billion, dominated by a $29.1 billion megamerger between food distribution giants Sysco and Jetro Restaurant Depot. A year ago at this time, the Roundup reported on eight deals valued at about $2.4 billion.
This week, however, credit and capital markets dominate the deal numbers. Maybe “dominate” is strong a word to describe three debt issues, a $167 million PIPE and a secondary equity offering that forced a dip in a company stock.