Target | Acquirer | Value ($millions) | Synopsis |
Arris International Plc | CommScope Holding Co Inc | 7,400.0 | CommScope Holding Co Inc, a unit of Carlyle-CommScope Holdings LP, agreed to acquire the entire share capital of Arris International Plc, a Suwanee-based manufacturer of wireless communications equipment, for an estimated $7.4 billion. The consideration will consist of $31.75 in cash per share or a total of $5.725 billion and the assumption of estimated $1.675 billion in liabilities. Originally, Commscope is rumored to be planning to acquire the entire share capital of Arris. |
Western Gas Partners LP | Western Gas Equity Partners LP | 5,157.2 | Western Gas Equity Partners LP (WGP), a unit of Anadarko Petroleum Corp, definitively agreed to acquire the remaining 67.15% interest or 102.477 million common LP units it does not already own in Western Gas Partners LP (WES), a provider of pipeline transportation services of natural gas based in The Woodlands, from Anadarko and other shareholders for $5.157 billion via a stock swap transaction. WGP offered 1.525 common LP units per WES common LP unit. Based on WGP's closing stock price of $33 on 7 November 2018, each WES common LP unit was valued at $50.325. |
Anadarko Petroleum Corp-Midstream Assets | Western Gas Partners LP | 4,015.0 | Western Gas Partners LP agreed to acquire the midstream assets of Anadarko Petroleum Corp, a producer of crude petroleum and natural gas based in The Woodlands, for $4.015 billion. The consideration will consist of $2.0075 billion in cash and $2.0075 billion worth of common shares. |
QEP Energy Co-Williston Basin assets | Vantage Acquisition Operating Co LLC | 1,711.5 | Vantage Acquisition Operating Co LLC, a unit of Vantage Energy Acquisition Corp (VEAC), definitively agreed to acquire Williston Basin Assets of QEP Energy Co, a Denver-based producer of crude petroleum and natural gas ultimately owned by QEP Resources Inc, for an estimated $1.711 billion. The consideration will consist of $1.65 billion in cash and $61.48 million in profit-related payments. |
Jostens Inc | Platinum Equity LLC | 1,300.0 | Platinum Equity LLC definitively agreed to acquire Jostens Inc, a Minneapolis-based manufacturer of jewelry for an estimated $1.3 billion in cash via a leveraged buyout transaction from Visant Corp, owned by Visant Holding Corp. Originally, in October 2018, Platinum was rumored to be planning to acquire Jostens. |
Pure Fishing Inc | Sycamore Partners LLC | 1,300.0 | Sycamore Partners LLC definitively agreed to acquire Pure Fishing Inc, a Spirit Lake-based manufacturer of sporting and athletic goods, for an estimated $1.3 billion in cash via a leveraged buyout transaction from Jarden Corp, ultimately owned by Newell Brands Inc. |
Elite Comfort Solutions Inc | Leggett & Platt Inc | 1,250.0 | Leggett & Platt Inc definitively agreed to acquire the entire share capital of Elite Comfort Solutions Inc, a Newnan-based manufacturer of foam products, from Arsenal Capital Partners LP for an estimated $1.25 billion in cash. |
Investment Technology Group Inc | Virtu Financial Inc | 1,002.4 | Virtu Financial Inc definitively agreed to acquire the entire share capital of Investment Technology Group Inc, a New York City-based securities brokerage firm, for $30.3 in cash per share or a total of $1.002 bil. |
USAA Asset Management Co | Victory Capital Holdings Inc | 1,000.0 | Victory Capital Holdings Inc, a unit of Crestview Partners II LP, definitively agreed to acquire USAA Asset Management Co, a San Antonio-based provider of investment management services, from United Services Automobile Association for $1 billion. The consideration consists of $850 million in cash and up to $150 million in profit-related payments. |
Veracode Inc | Thoma Bravo LLC | 950.0 | Thoma Bravo LLC definitively agreed to acquire Veracode Inc, a Burlington-based software publisher, for $950 million in cash via a leveraged buyout transaction from CA Inc, ultimately owned by Broadcom Inc. |
ConvergeOne Holdings Inc | CVC Capital Partners VII LP | 946.7 | CVC Capital Partners VII LP of the UK, a unit of CVC Capital Partners Ltd, definitively agreed to acquire the entire share capital of ConvergeOne Holdings Inc, an Eagan-based provider of information technology and managed services, from Clearlake Capital Group LP and other shareholders, ultimately owned by Reservoir Capital Group LLC, for $12.50 in cash per share or a total of $946.731 million via a leveraged buyout transaction. Originally, in October 2018, ConvergeOne was rumored to be seeking a buyer for the entire share capital of the company. |
MatrixCare Holdings Inc | ResMed Inc | 750.0 | ResMed Inc definitively agreed to acquire the entire share capital of MatrixCare Holdings Inc, a Bloomington-based software publisher, from OMERS Private Equity Inc, ultimately owned by Ontario Municipal Employees Retirement System, for $750 mil. |
Quadrant Real Estate Advisors LLC-US Real Estate Debt Business | AXA Real Estate Investment Managers SA | 658.0 | AXA Real Estate Investment Managers SA of France, a unit of AXA Investment Managers SA, agreed to acquire the debt fund business of Quadrant Real Estate Advisors LLC, an Atlanta-based investment advisor, for about $658 million. The deal was valued based on the 7% standard capitalization rate. |
Mankato Energy Center LLC | Northern States Power Co | 650.0 | Northern States Power Co, a unit of Xcel Energy Inc, agreed to acquire Mankato Energy Center LLC, a Mankato-based electrical contractor, for an estimated $650 million in cash from Southern Power Co, ultimately owned by Southern Co. Concurrently, NSP acquired Mankato Energy Center II LLC. |
PeroxyChem LLC | Evonik Industries AG | 625.0 | Germany-based Evonik Industries AG, a unit of RAG-Stiftung, agreed to acquire PeroxyChem LLC, a Philadelphia-based manufacturer of inorganic chemicals, for $625 million from One Equity Partners LLC, ultimately owned by OEP Parent LLC. |
Bojangles' Inc | Investor Group | 617.2 | An investor group, comprising The Jordan Co LP and Durational Capital Management LP, agreed to acquire the entire share capital of Bojangles' Inc, a Charlotte-based fast food restaurant operator, from Advent International Corp for $16.1 in cash per share or a total of $617.21 million via a leveraged buyout transaction. |
Cooper-Standard Automotive Inc-Anti Vibration Systems Business | ContiTech USA Inc | 265.5 | ContiTech USA Inc, a unit of ContiTech AG, definitively agreed to acquire anti vibration systems business of Cooper-Standard Automotive Inc, a manufacturer of automobiles ultimately owned by Cooper-Standard Holdings Inc, for $265.5 million in cash. |
CaseStack Inc | Hub Group Inc | 255.0 | Hub Group Inc agreed to acquire CaseStack Inc, a Santa Monica-based provider of technology-enabled logistics platform, for $255 million in cash. |
Canyon Bakehouse LLC | Flowers Foods Inc | 205.0 | Flowers Foods Inc definitively agreed to acquire Canyon Bakehouse LLC, a Johnstown-based gluten-free baking company, for $205 million. The consideration will consist of $200 million and up to $5 million in profit-related payments. |
Owens Realty Mortgage Inc | Ready Capital Corp | 185.8 | Ready Capital Corp definitively agreed to merge with Owens Realty Mortgage Inc, a Walnut Creek-based lessor of real estate property, for $185.773 million via a stock swap transaction. Ready offered 1.441 new common shares for every Owens common share held, or a total of 12. 385 million new common shares. The shares were valued based on Ready's closing stock price of $15 on 6 November 2018, the last full trading day prior to the announcement. Upon completion of the deal, Ready and Owens will respectively own 72% and 28% of the merged entity. The common shares of Owens will also be delisted and the merged entity will resume trading on the New York Stock Exchange under the ticker symbol RC. |
Movie Tavern | Marcus Theatres Corp | 126.0 | Marcus Theatres Corp, a unit of Marcus Corp, agreed to acquire Movie Tavern, a Dallas-based motion picture theater operator, from VSS Southern Theatres LLC, ultimately owned by Veronis Suhler Stevenson Partners LLC, for an estimated $126 mil. |
Agility Fuel Solutions LLC | Hexagon Composites Asa | 124.2 | Hexagon Composites Asa of Norway agreed to acquire the remaining 50% interest it did not already own in Agility Fuel Solutions LLC, a Costa Mesa-based manufacturer of measuring and controlling devices, for $124.2 mil. |
Genesis Systems Group | IPG Photonics Corp | 115.0 | IPG Photonics Corp definitively agreed to acquire Genesis Systems Group, a Davenport-based manufacturer of robotic welding systems, for an estimated $115 million in cash. |
FPB Financial Corp | First Bancshares Inc,Hattiesburg,MS | 86.1 | First Bancshares Inc in Hattiesburg, MS definitively agreed to merge with FPB Financial Corp, a Hammond-based commercial bank, for $86.143 million via a stock swap transaction. First offered 0. 83 common shares per FBP share. Based on First's closing stock price of $37. 14 on 5 November 2018, the last full trading day prior to the announcement, each FBP share was valued at $30.826. |
Siena Apartments,Plantation,Florida | Siena Apartments AL LP | 62.0 | Siena Apartments AL LP, a unit of American Landmark Apartments, paid $62 million to acquire Siena Apartments in Plantation from Fairfield Southern Pointe LLC, ultimately owned by Fairfield Residential LLC. |
Hidden Harbour Apartments,Royal Palm Beach,Florida | American Landmark Apartments | 43.5 | American Landmark Apartments acquired Hidden Harbour Apartments in Royal Palm Beach from Fairfield Hidden Harbor LLC for $43.5 million. |
Theravance Biopharma Inc-VIBATIV | Cumberland Pharmaceuticals Inc | 25.0 | Cumberland Pharmaceuticals Inc agreed to acquire VIBATIV of Theravance Biopharma Inc, a South San Francisco-based manufacturer of pharmaceutical preparations, for $25 mil. |
Martin Healthcare Group | Hospitalists Now Inc | 25.0 | Hospitalists Now Inc acquired Martin Healthcare Group, a Cleveland-based hospital operator, for $25 million. |
Bridgewater Wholesalers Inc-Operating Assets | Masonite International Corp | 23.0 | Masonite International Corp acquired operating assets of Bridgewater Wholesalers Inc, a Branchburg-based millwork wholesaler for $23 million. |
SharedLabs Inc | Glowpoint Inc | 19.3 | Glowpoint Inc signed a letter intent to acquire the entire share capital of SharedLabs Inc, a Jacksonville-based software publisher, in exchange for issuance of 112.802 million common shares valued at $19.312 million. The shares were valued at closing stock price of $0.1712 on 02 November 2018, the last full trading day prior to the announcement. |
Toshiba America LNG Corp | ENN Ecological Holdings Co Ltd | 15.0 | ENN Ecological Holdings Co Ltd of China agreed to acquire the entire share capital of Toshiba America LNG Corp, a Houston-based provider of transportation support services, for $15 million from Toshiba America Inc, ultimately owned by Toshiba Corp. |
Telerhythmics LLC | G Medical Innovations USA Inc | 2.0 | G Medical Innovations USA Inc, a unit of G Medical Innovations Holdings Ltd, acquired the entire share capital of Telerhythmics LLC, a Collierville-based provider of cardiac monitoring services, from Digirad Corp for an estimated $1.95 million in cash. |
ANGLE North America Inc | Angle PLC | 0.6 | Angle PLC of the UK agreed to acquire the remaining 9.47% stake it does not already own in ANGLE North America Inc, a King of Prussia-based diagnostic imaging center operator, from Georgi Hvichia for $0.606 mil. |
Intrigo Systems Inc | Accenture PLC | | Accenture PLC of Republic of Ireland acquired Intrigo Systems Inc, a Fremont-based provider of computer facilities management services. |
General Electric Co-Gasification Business | Air Products & Chemicals Inc | | Air Products & Chemicals Inc agreed to acquire the gasification business of General Electric Co, a Boston-based manufacturer and wholesaler of power generation, transmission, distribution and control equipment. |
Lubbock National Bank | Amarillo National Bank | | Amarillo National Bank plans to acquire Lubbock National Bank, a Lubbock-based commercial bank. |
Current,powered by GE | American Industrial Partners LP | | American Industrial Partners LP, a unit of American Industrial Partners Management Co Inc, plans to acquire Current, a Boston-based electrical contractor, from General Electric Co via a leveraged buyout transaction. |
John R. Sharry Inc | Arthur J Gallagher & Co | | Arthur J Gallagher & Co acquired John R. Sharry Inc, an Auburn-based provider of health care consulting services. |
Erickson Construction Co Inc | Asahi Kasei Homes Corp | | Asahi Kasei Homes Corp of Japan, a unit of Asahi Kasei Corp, definitively agreed to acquire Erickson Construction Co Inc, a Chandler-based framing contractor, from Atlas Holdings LLC. |
JS Clark Agency Inc | AssuredPartners Inc | | AssuredPartners Inc, a unit of Apax Partners LP, plans to acquire JS Clark Agency Inc, a Southfield-based provider of insurance and pension funds administration services. |
Interactive Solutions Inc | AVI-SPL Inc | | AVI-SPL Inc, a unit of Hig Capital LLC, acquired Interactive Solutions Inc, a Memphis-based provider of grade audio visual and videoconferencing systems integration and unified communications services. |
G&W Laboratories Inc-Extended Topicals & Dermatology Business Unit | Avista Capital Holdings LP | | Avista Capital Holdings LP definitively agreed to acquire the extended topicals & dermatology business unit of G&W Laboratories Inc, a South Plainfield-based manufacturer and wholesaler of pharmaceutical products, via a leveraged buyout transaction. |
Audio Precision Inc | Battery Ventures LP | | Battery Ventures LP acquired Audio Precision Inc (AP), a Beaverton-based manufacturer of audio and video equipment, from Hanover Partners Inc via a secondary buyout transaction. Originally, Hanover acquired AP in a primary buyout transaction. |
McNair Law Firm | Burr & Forman LLP | | Burr & Forman LLP plans to acquire Columbia-based McNair Law Firm. |
Trojan Battery Co | C&D Technologies Inc | | C&D Technologies Inc, a unit of KPS Capital Partners LP, agreed to acquire Trojan Battery Co, a Santa Fe Springs-based manufacturer of deep-cycle batteries, from Charlesbank Capital Partners LLC. |
O'Fallon Lakes Apartments | Capreit Inc | | Capreit Inc acquired the O'Fallon Lakes Apartments. Concurrently, CAPREIT acquired Peine Lakes Apartments. |
Peine Lakes Apartments | Capreit Inc | | Capreit Inc acquired Peine Lakes Apartments in Wentzville. Concurrently, CAPREIT acquired the O'Fallon Lakes Apartments. |
Clarfeld Financial Advisors Inc | Citizens Bank National Association | | Citizens Bank National Association, a unit of Citizens Financial Group Inc, definitively agreed to acquire Clarfeld Financial Advisors Inc, a Tarrytown-based investment advisor. |
Bioagilytix Labs LLC | Compagnie Benelux Participations SA | | Compagnie Benelux Participations SA of Belgium, a unit of Cobehold SA, agreed to acquire Bioagilytix Labs LLC, a Durham-based provider of molecule bioanalytical testing services, from Riverside Partners LLC and other shareholders, via a leveraged buyout transaction. |
Cozy Services Ltd | Costar Group Inc | | Costar Group Inc has acquired Cozy Services Ltd, a Portland-based lessor of residential buildings and dwellings, for $68 mil. |
RIK Inc | Drilling Tools International | | Drilling Tools International, a unit of Hicks Equity Partners LLC, acquired RIK Inc, a Casper-based provider of machinery and equipment rental and leasing services. |
Pinnacle Midstream LLC | Eagleclaw Midstream Services LLC | | Eagleclaw Midstream Services LLC, a unit of Blackstone Energy Partners LP, acquired Pinnacle Midstream LLC, a Houston-based producer of crude petroleum and natural gas, from ISQ Global Infrastructure Fund II LP, ultimately owned by I Squared Capital Advisors LLC. |
CSI Enterprises Inc | Edenred SA | | Edenred SA of France plans to acquire CSI Enterprises Inc, a Bonita Springs-based provider of financial transactions services. |
Northern Oak Wealth Management Inc | First Midwest Bancorp Inc, Itasca,Illinois | | First Midwest Bancorp Inc in Itasca, Illinois plans to acquire Northern Oak Wealth Management Inc, a Milwaukee-based investment advisor. |
Condominium Concepts Management Inc | FirstService Corp | | FirstService Corp of Canada acquired Condominium Concepts Management Inc, an Atlanta-based lessor of residential buildings and dwellings. |
Vector Solutions Inc | Golden Gate Capital Inc | | Golden Gate Capital Inc definitively agreed to acquire Vector Solutions Inc, a Tampa-based provider of eLearning and software as a service performance support services, from Providence Equity Partners LLC, via a leveraged buyout transaction. |
Radix Wire Co Inc | High Road Capital Partners Fund II LP | | High Road Capital Partners Fund II LP, a unit of High Road Capital Partners LLC, acquired Radix Wire Co Inc, a Euclid-based manufacturer of high-temperature and fire-resistant wires and cables. |
Insurance Management Associates LLC | Hub International Ltd | | Hub International Ltd, a unit of Hellman & Friedman LLC, acquired Insurance Management Associates LLC, an Annapolis-based insurance agency. |
Coleman Floor Co Inc | Interior Logic Group Inc | | Interior Logic Group Inc, a unit of Platinum Equity LLC, acquired Coleman Floor Co Inc, a Schaumburg-based flooring contractor, from Stock Building Supply, owned by Stock Building Supply Holdings Inc. |
IDI Logistics LLC | Ivanhoe Cambridge Inc | | Ivanhoe Cambridge Inc of Canada, a unit of Caisse De Depot Et Placement Du Quebec, is rumored to be planning to acquire IDI Logistics LLC, an Atlanta-based provider of land subdivision services, from Brookfield Property Partners LP, ultimately owned by Brookfield Asset Management Inc. Sources expect the deal to be valued at around $3.05 bil. |
Cardinal Energy Group Inc | James Monroe Capital Corp | | James Monroe Capital Corp plans to merge with Cardinal Energy Group Inc, a Dublin-based oil and gas exploration and production company. |
Domek Logistics LLC | Magnate Worldwide LLC | | Magnate Worldwide LLC, jointly owned by Magnate Capital Partners LLC and CIVC Partners LP, acquired Domek Logistics LLC, a Crystal Lake-based provider of asset-light freight forwarding and customs house brokerage services. |
Carol P Rummel Insurance Agency | Meadowbrook Insurance Group Inc | | Meadowbrook Insurance Group Inc, a unit of Fosun International Ltd, acquired Carol P Rummel Insurance Agency. |
Upability Inc | MemberClicks LLC | | MemberClicks LLC acquired Upability Inc, an Indianapolis-based provider of professional and management development training services. |
Beacon Wealth Management LLC | Mercer Advisors Inc | | Mercer Advisors Inc, a unit of Genstar Capital LLC, acquired Beacon Wealth Management LLC, a Hackensack- based portfolio manager. |
Caesars Entertainment Corp | MGM Resorts International | | MGM Resorts International is rumored to be planning to merge with Caesars Entertainment Corp, a Las Vegas-based casino hotel operator. |
Chardon Surgery Center | Montecito Medical Investment Co | | Montecito Medical Investment Co acquired the Chardon Surgery Center. |
Innovative Medical Technology Co | Natcore Technology Inc | | Natcore Technology Inc plans to acquire Innovative Medical Technology Co, a provider of biotechnology research and development services. |
Mankato Energy Center II LLC | Northern States Power Co | | Northern States Power Co (NSP), a unit of Xcel Energy Inc, agreed to acquire Mankato Energy Center II LLC, a Mankato-based electric power distributor, from Southern Power Co, ultimately owned by Southern Co. Concurrently, NSP acquired Mankato Energy Center LLC. |
Uplift Data Partners | PrecisionHawk Inc | | PrecisionHawk Inc acquired Uplift Data Partners, a Chicago-based software publisher. |
Growlabs Inc | Semantic Sugar Inc | | Semantic Sugar Inc plans to acquire Growlabs Inc, a software publisher. |
JaRay Software Inc | ServiceTitan Inc | | ServiceTitan Inc acquired JaRay Software Inc, a Wichita-based software publisher. |
Zayo Group Holdings Inc-Enterprise Services Business | Shareholders | | Zayo Group Holdings Inc plans to spin off its enterprise services business to its shareholders. |
Fibermesh Inc | Sika Corp | | Sika Corp, a unit of Sika AG, acquired Fibermesh Inc, a Chattanooga-based manufacturer of chemical products, from Propex Operating Co LLC. |
Eliassen Group LLC | Stone Point Capital LLC | | Stone Point Capital LLC acquired Eliassen Group LLC, a Wakefield-based provider of temporary help services, from Riverside Partners LLC via a leveraged buyout transaction. |
8415 Queenston Boulevard,Houston,Texas | Strategic Storage Trust IV Inc | | Strategic Storage Trust IV Inc, a unit of SmartStop Asset Management LLC, acquired a 540-unit self-storage facility at 8415 Queenston Boulevard in Houston. |
Appthority Inc | Symantec Corp | | Symantec Corp acquired Appthority Inc, a San Francisco-based software publisher. |
Jushi Inc | Tanzania Minerals Corp | | Tanzania Minerals Corp of Canada agreed to acquire the entire share capital of Jushi Inc, a Boca Raton-based manufacturer of medicinals and botanicals. |
Symantec Corp | Thoma Bravo LLC | | Thoma Bravo LLC was rumored to be planning to acquire the entire share capital of Symantec Corp, a Mountain View-based developer of security, storage and system management solutions software, in a leveraged buyout transaction. The terms of the transaction were not disclosed, but according to sources close to the transaction, the value was estimated at $15 bil. |
Spectrum Intelligence Communication Agency LLC | Upco INternational Inc | | Upco International Inc of Canada entered into a binding letter of intent to acquire Spectrum Intelligence Communication Agency LLC, a Miami Beach- based wired telecommunications carrier. |
Pacific Union Financial LLC | WMIH Corp | | WMIH Corp plans to acquire Pacific Union Financial LLC, a Farmers Branch-based provider of real estate credit services. |
Midland Metals Inc | Wynnchurch Capital LLC | | Wynnchurch Capital LLC acquired Midland Metals Inc, an Oskaloosa-based manufacturer of prefabricated metal buildings and components, via a leveraged buyout transaction. |
US M&A Deals Announced November 2 to 8, 2018 | | | |
Source: Thomson Reuters | | | |