In line with forecats for a robust year, closed deals have been on the rise since hitting their 2014 low of 143 in February.

The number of deals increased by 185 in April from 168 in March, but still did not meet January's level of 216 closed transactions. Deal value increased to $25.7 billion in April, the highest point since January, which produced $30.2 billion in closed deals.

(See related graphic.)

For more on dealflow, see Mergers & Acquisitions Conditions Index (MACI)

Key Middle-Market M&A Deals Completed in April 2014:

Date Acquirer Target Industry Value ($millions)
04/14/14 Shareholders Blackhawk Network Holdings Inc Business Services 993.6
04/14/14 Colfax Corp Victor Technologies Group Inc Machinery 947.3
04/03/14 Cinven Ltd Medpace Inc Health Services 915.0
04/01/14 United Rentals Inc National Pump & Compressor Wholesale Trade-Durable Goods 905.0
04/01/14 iQor Holdings Inc Jabil Circuit Inc-Aftermarket Electronic and Electrical Equipment 725.0
04/29/14 Bristol-Myers Squibb Co iPierian Inc Drugs 725.0
04/15/14 Aaron's Inc Progressive Fin Hldg LLC Credit Institutions 700.0
04/17/14 Akorn Inc Hi-Tech Pharmacal Co Inc Drugs 602.0
04/01/14 Resolution Life Holdings Inc Lincoln Benefit Life Co Insurance 600.0
04/01/14 CoStar Group Inc Business Services 585.0
04/17/14 Hepalink USA Inc SPL Acquisition Corp Drugs 575.0
04/17/14 Shenzhen Hepalink Pharm Co Ltd Scientific Protein Lab Drugs 548.5
04/21/14 Canada Pension Plan Investment JW Childs Associates LP Investment & Commodity Firms,Dealers,Exchanges 477.0
04/07/14 Investor Group Pullmantur SA-Non-Cruise Bus Transportation and Shipping (except air) 439.8
04/16/14 Insight Venture Partners LLC Campaign Monitor Pty Ltd Business Services 410.0
04/28/14 Westmoreland Coal Co Coal Valley Resources Inc Mining 409.1
04/10/14 Kimco Realty Corp Kimco Income Fund I REIT Investment & Commodity Firms,Dealers,Exchanges 408.0
04/30/14 Mattel Inc Mega Brands Inc Miscellaneous Manufacturing 379.5
04/01/14 Microchip Technology Inc Supertex Inc Electronic and Electrical Equipment 377.1
04/01/14 Hines Global REIT Inc 25 Cabot Square Real Estate; Mortgage Bankers and Brokers 370.8
04/30/14 Vestar Capital Partners Inc Institutional Shareholder Svcs Business Services 367.0
04/07/14 SK E&P America Inc Plymouth-Grant-Garfield Oil and Gas; Petroleum Refining 367.0
04/10/14 Exterran Partners LP Chesapeake-Compression Assets Oil and Gas; Petroleum Refining 360.0
04/28/14 Siris Capital Group LLC Stratus Technologies Inc Computer and Office Equipment 352.0

Source: Thomson Reuters

Editor's Note: 

To measure activity in the middle market, Mergers & Acquisitions looks at transactions that fulfill several requirements: Deals must have a value of roughly $1 billion or less; they must be completed (not just announced) within the timeframe designated; and they must include at least one U.S. company in the role of buyer and/or seller. Excluded from our charts are: recapitalizations; self-tenders; exchange offers; repurchases; stake purchases; and transactions with undisclosed values, buyers or sellers.   

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