Wrap Up

M&A Rose in Q3
The first three quarters of the year delivered the highest middle-market deal value for the period in five years

Experts Corner:

Growth in Construction Sector Spurs M&A
The construction products industry is fragmented, making it ripe for consolidation, explains Ridgemont Equity Partners’ Rob Edwards

The Buyside

Tax-Inversion Deals Increase Despite Criticism
Canada's 26.5 percent corporate tax rate is luring Burger King to ditch Miami headquarters

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People Database

Exclusive data on top players in capital markets

Gregg Blake

Managing Partner

Firm: Brocair Partners

In the news: Corporations Conduct More M&A as Confidence in Economy Grows



Mergers & Acquisitions, Latest News

6 Companies For Sale

– See which companies have recently hit the auction block, including Vitamin Shoppe and Full House Resorts

The Weekly Wrap: Olson, Cleco, Carol's Daughter

– ICF picks up Olson; Macquarie acquires Cleco; L'Oreal USA picks up Carol's Daughter

MTS Health Buys Stake in MyNexus

– The PE firm, having recently sold Florida Gulf-to-Bay Anesthesiology, continues to buy health care properties

Siris Snatches Up E-Commerce Company

– Serial acquirer Digital River provides services to big-name clients, including HarperCollins, Mattel, Spotify, Adobe and Microsoft

Secure All Rights to Your Brand Before Pitching to Strategic Buyers

– Chris Elshaw, former COO Revlon’s consumer productions division, and others offer advice at ACG NY’s Consumer Brands Conference

AMC Networks Buys Half of BBC America to Bolster Pay-TV Leverage

– The deal brings BBC America series like “Doctor Who,” “Top Gear” and “Orphan Black” under the same roof as AMC shows that include “The Walking Dead” and “Mad Men”

Fifth Street Scraps U.S. IPO, Citing Volatile Market

– The S&P 500 fell 3 percent in the days after Fifth Street, founded by Leonard Tannenbaum, set the terms for a public debut on Oct. 9

WhiteWave Put in Play by More Consumers Eating Organic Food

– WhiteWave Foods and Boulder Brands are deemed ideal takeover targets for General Mills after acquisition of Annie’s

NeoPhotonics Spends $17.5M on Emcore Assets

– After selling assets to Suncore and Sumitomo, the semi-conductor maker expects the latest deal to help generate cash flow

LLR Invests in Phreesia Payment Services

– The private equity firm inked the deal with existing investors, HLM Venture Partners and Ascension Ventures

Team Health Takes Over Premier Physician

– Health care provider groups have been merging throughout 2014, with recent purchases made by PC The Hospitalist Co. Inc. and LifePoint Healthcare

RLJ-Equity Backed LAI Picks Up Precision Parts Maker

– Zak is the latest components maker to be sold following Crown Precision and Waples Manufacturing

Comcast Profit Beats Estimates as Approval for $45.2B Time Warner Takeover Gets Delayed

– The FCC has stopped the clock in its review and suspended deadlines for comments in the Comast-Time Warner deal, as well as AT&T’s agreement to purchase DirecTV

BKM Buys Three Commercial Complexes for $42.8M

– The lower middle-market investor expects to buy $300M worth of assets by the end of 2015

Redfin Snatches Up Walk Score in Online Contest for Local Expertise

– The deal comes amid consolidation in the online real estate space, with recent acquisitions from News Corp. and Realogy

Sentinel Capital Acquires Hollander Sleep Products

– The deal marks an exit for HGGC, its first in the consumer sector

ICF Inks Deal For KRG-backed Marketing Agency Olson

– The marketing agency for Hyatt Hotels and P.F. Chang's is expected to extend ICF's services in digital advertising

Chicago-Based PR Firm Cision Picks Up London’s Gorkana Media Service

– The GTCR-backed public relations firm expands and extends reach overseas

Daimler Sells Stake in Tesla, as Competition Between the Two Luxury Car Makers Intensifies

– Tesla’s battery-powered Model S sedans outsold Mercedes’ top-of-the-line older S-class cars in the U.S.

Corporations Conduct More M&A as Confidence in Economy Grows

– From middle-market electronic instrument maker Ametek to publicly-traded conglomerate General Mills, strategic buyers prevail

Bertelsmann Pushes Into Education With Relias Learning Purchase

– The media company owns assets ranging from broadcaster RTL Group, to music-rights company BMG and book publisher Penguin Random House

L'Oréal Boosts U.S. Segment with
Carol's Daughter

– The Paris cosmetics giant continues its buying spree after picking up NYX Cosmetics, Magic Holdings, Decleor and Carita

Ooyala Takes Over Videoplaza

– The deal follows other recent video advertising deals from Opera Software and AOL

AbbVie Scraps $52 Billion Shire Deal on U.S. Tax Changes

– With the U.S. Treasury Department now making tax inversion deals more difficult, various companies including Salix Pharmaceuticals and Auxilium Pharmaceuticals are cancelling mergers

Berkshire Buys Majority Stake in Access Information Management

– Backed by Summit Partners, the data protection service provider grew through acquisitions, including Safe Site and DataSite

TPG Gains Control of Talent Agency CAA With New Funding

– The PE firm is stepping up its investment at a time when technology is changing the entertainment business, giving artists represented by CAA new outlets, from Netflix to YouTube

H.I.G.-backed Onyx Looks Overseas for Two Targets

– The transaction for Martin Jorgensen's Net Trans continues the private equity firm’s aggressive stance in buying foreign tech companies

People Moves of the Week: Matrix Capital, Palamon Capital, Cassel Salpeter

– Matrix co-founder retires; Palamon hires two; Cassel Salpeter taps Ranjini Chandirakanthan to lead tech unit

Macquarie Leads Investor Group in Acquisition of Electricity Supplier

– Cleco Corp., which began exploring a sale in June, is Macquarie's first deal in 2014

Platform Specialty Products is Buying Permira-Backed Chemicals Maker Arysta for $3.51B

– Previously, Platform bought Chemtura, Agriphar and MacDermid

Breaking Away: Younger PE Pros Spin Off

– Blue Sea Capital, Lariat Partners, ParkerGale Capital and Shore Capital Partners rank among fledgling sponsors

Chicago’s 2014 Midwest ACG Capital Connection Expands

– Speakers include: Thoma Bravo founder Carl Thoma, Fairview Capital founder JoAnn Price, Binny's Michael Binstein and Alejandra Castillo, the national director of the Minority Business Development Agency

H-D Continues Expansion with Crown Precision Machining

– The deal follows H-D's purchase of Sungear in June

Apollo-backed Chuck E. Cheese Picks Up Peter Piper Pizza

– The announcement comes during an upswing in restaurant M&A

New York Attorney Joe Tacopina Leads Takeover of Soccer’s Bologna

– The transaction marks the second takeover of an Italian soccer club by North American investors since 2011