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Lending

Elusive Loans Lead PE Firms to Alternative Lenders
As credit tightens, Balance Point Capital and other non-regulated direct lenders fill the void

M&A

Marketers Go Digital, Attracting Buyers
Accenture, IBM and Web.com have made acquisitions, following migration to social media sites and mobile devices

Strategic Buyers

Newell Rubbermaid Capped Growth Strategy with Beloved Elmer’s Glue, Sealing Strategic Buyer of the Year
The company also agreed to buy Yankee Candle owner and sold some non-core businesses

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Fund of Funds, Lender

ESOP, Recapitalization

Agriculture, Natural Resources

New York, Hong Kong

Northeast US, Asia/Pacific

United States, Canada

 

Influential Women

Mergers & Acquisitions’ special report celebrates 25 leading female transaction professionals, including Jeri Harman, founder of Avante Mezzanine Partners

Mid-Market Awards

Mergers & Acquisitions Names Winners of the 9th Annual M&A Mid-Market Awards

Mergers & Acquisitions, Latest News

Maroon Group Grows Through M&A, Purchases U.S. Chemicals

– The buyer previously acquired CNX Distribution and D.B. Becker

Wind Point and TPG-Backed Novolex Makes Another Add-On in Heritage Bag

– Other packaging deals have come from Bemis, CCL Industries and Charter Nex

PE-Backed Backed AlliedBarton Merges with Universal Services, as Terrorism Concerns Drive Growth of Security Guard Services

– Universal Services’ PE Backers, Warburg Pincus and Partners Group, will retain a stake in the combined company

IMS Health to Merge with Quintiles, as Drug Makers Seek Business Process Improvements

– The deal brings together two of the biggest providers of data about the pharmaceutical industry

ACG to Spice Things Up, Cajun-Style, at InterGrowth 2016

– David Axelrod, former adviser to President Obama, and Ana Navarro, former adviser to Sen. John McCain and Gov. Jeb Bush, are scheduled to speak at the May gathering in New Orleans

NewStar Enjoyed Record Growth, Racking Up Lender of the Year

– Led by CEO Tim Conway, NewStar increased assets under management, solidified its relationship with GSO and purchased a competitor

Mid-Market M&A Dropped Again in April

– Despite the decline, survey respondents reported higher deal flow in April than most of the dismal first quarter

Trivest-Backed Handstands Adds Car Cleaner Eagle One, Driving Auto M&A

– Other previous automotive deals include Compass Automotive, Driven Performance and Take 5 Oil Change

Oracle Follows Up Textura Deal with Utilities Software Provider Opower

– The target works with power and energy companies including Consolidated Edison, National Grid and Pepco

Apollo-Led Group Raises Bid for Apollo Education, Owner of University of Phoenix

– Activist shareholders Alberta Investment Management and Schroders rallied to halt the original deal, arguing it undervalued the education provider known for online learning

Amazon Web Services Accelerated M&A With Elemental to Win Deal of the Year

– The leader in cloud services, AWS recently announced it would buy Nice

CD&R Backs Maker of Sausage Casings Kalle, as Buyers Chew on Food Targets

– Hershey, McCormick and Peak Rock have also purchased food companies

Buyouts Saddle Stressed Retailers with Debts They Can't Pay

– Sports Authority was loaded with debt, a hangover from the 2006 LBO led by Leonard Green & Partners

Rovi Acquires DVR Pioneer TiVo

– Rovi added voice search provider Veveo in 2014

The Weekly Wrap: Abbott, Peak Rock, Z Capital

– Abbott buys St. Jude; Peak Rock backs Diamond Crystal, Z Capital invests Twin-Star

PE Firms Fundraising: Trivest, Welsh Carson and Others

– HarbourVest Partners is also raising a fund

The Riverside Co. Continued Exit Prowess and Ranked Seller of the Year, Again

– The prolific firm is led by co-CEOs Bιla Szigethy and Stewart Kohl

TPG Takes Stake in IT Staffing Firm Frank Recruitment

– The target--which operates Nigel Frank, Mason Frank, Churchill Frank, and Washington Frank--was acquired from Livingbridge

Hanesbrands Latest Target is Australia’s Pacific Brands

– The apparel company’s roster also includes Maidenform, Champion Europe and DBApparel

Arsenal-Backed Polymer Solutions Group Adds Rubber Maker Sasco

– PSG was formed when Arsenal bought Peach State Labs, and the portfolio company later added Flow Polymers

Oracle Adds Cloud-Services Company Textura

– Recent targets in the sector have included Elemental Technologies, FPX and Cvent

Abbott Agrees to Buy St. Jude Medical, As Device Deals Pick Up

– St. Jude purchased Thoratec last year

KeyBanc Expanded Its PE Business Significantly, Racking Up Investment Bank of the Year

– The bank made it a priority to work with sponsors, and it paid off, says managing director Paul Schneir

Peak Rock Adds to Food Portfolio with Diamond Crystal Brands

– Hormel is selling DCB, which makes portion-control and single-serve foods and beverages

P&G’s Growth Plan Features Selling 105 Brands

– To leverage Pampers and other fast-growing lines, Procter & Gamble has sold Duracell and currently has 50 brands in the exit process, says CFO Jon Moeller

Z Capital Follows Up Restaurant Deal with Home Furnishings Maker Twin-Star International

– The target owns a wide variety of brands, including fireplaces by Duraflame and home entertainment components by Bell’O

Hershey Adds BarkThins Chocolate Pretzels, as Buyers Snack on Food Deals

– Clearlake and Hammond Kennedy have made investments in the sector

HGGC, Led by CEO Rich Lawson, Backs Software Provider FPX

– The PE firm recently invested in Instantly and exited Serena Software

Milbank Expanded M&A Practice to Deliver Law Firm of the Year

– The firm, whose M&A practice is led by Alexander Kaye, advised on innovative deals, including the first aircraft-backed securitization deal in Asia

Lanxess Adds Chemours’ Oxone and Virkon S Pool Disinfectant Brands

– Chemical makers prove attractive targets, with buyers including Advent, FMC and WL Ross

Advent Grows Agrochemical Portfolio with Viakem

– FMC bought Cheminova, and Dow Chemical and DuPont plan to merge, as chemical makers consolidate

Gannett Proposes to Buy Tribune Publishing

– The Milwaukee Journal Sentinel, San Diego Union-Tribune and the Free Lance-Star have recently been acquired

People Moves: Aronson, Gallego, Huang

– Dan Aronson (pictured) is Trading Company Holdings' new CEO; Dominique Padilla Gallego joins Sidley Austin; Jinjian Huang gets hired by Nixon Peabody

Elusive Loans Lead PE Firms to Alternative Lenders

– As credit tightens, Balance Point Capital and other non-regulated direct lenders fill the void

Audax Excelled While Others Fell Behind, Bringing Home Private Equity Firm of the Year

– Led by co-CEO Geoffrey Rehnert, the firm raised its fifth fund and closed more than 100 investments