When news broke that  Blackstone Group, TPG Capital and THL Partners were in serious talks to buy Fidelity National Information Services for $15 billion, there was lots of talk that mega-deals were on the way back. Then the deal fell apart, and some people concluded that all that talk was premature. But Reuters reminds us that the private equity (private equity news) firms managed to secure financing for the Fidelity transaction, which fell apart for other reasons, mainly valuation. So there's still plenty of reason to be optimistic.

Deals in the $10 billion plus range may not be in the offing anytime soon. But Providence Equity Partners' chief executive Jonathan Nelson said at Super Return U.S., as noted by Reuters: "I would put money on the $5 billion to $8 billion categories actually happening." He says two other big deals were in the works recently, none of which have been announced. Lots of smaller deals are in the works. 

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