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Wrap Up

First Half of 2014 Best for M&A in 3 Years
Positive predictions for 2014 are coming true, with the first six months of the year generating more deals than the same periods in 2012 and 2013

People Moves of the Week

BTIG, D.A. Davidson, KeyBanc
BTIG taps two former Lazard execs; D.A. Davidson launches real estate team; KeyBanc drafts Anne-Marie Peterson to the firm's leveraged finance team

REAL ESTATE

BET Founder Continues Picking Up Hotels
RLJ Lodging, founded by Robert L. Johnson, recently paid about $50M for an Atlanta Hyatt

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Fund of Funds, Lender

ESOP, Recapitalization

Agriculture, Natural Resources

New York, Hong Kong

Northeast US, Asia/Pacific

United States, Canada

 

People Database

Exclusive data on top players in capital markets

Sylvie Gadant

Partner

Firm: Citrin Cooperman

In the news: People Moves of the Week: Barclays, Bryan Cave, Mayer Brown

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Mergers & Acquisitions, Latest News

Yahoo Adds Another Startup

– Flurry is one of dozens of young companies Yahoo has snatched up over the last few years under the helm of CEO Marissa Mayer

Distressed Company Watch List

– See which companies have recently indicated doubt about continuing as going concerns in SEC filings, including Epazz, Jammin' Java and Zinco Do Brasil

After Weeks of Rumors, Altisource Is Buying Mortgage Builder

– Mortgage Builder CEO Keven Smith said he had been open to M&A as a means of growing the company's fulfillment services to the mortgage and real estate industries

John Thain’s CIT Agrees to Acquire OneWest Bank for $3.4B

– The former Merrill Lynch chair — hired by CIT to lead a turnaround in 2009 — now has about $2 billion in excess capital, exceeding what regulators say is needed to cushion against potential losses

Turnaround Tuesday: Struggling Drug Developer Zogenix Wins Massachusetts Lawsuit

– The company won the right to sell painkiller Zohydro in Massachusetts, and plans to develop an abuse-deterrent variation of the drug

Lower Middle-Market Dealmakers Flock to Chicago for AM&AA Summer Conference

– Highlights include keynote speeches from Jones Day's Andrew Sherman and CohnReznik's Patrick O'Keefe and a Chicago Cubs game at Wrigley Field

Cardtronics Continues Buying Spree With Welch ATM

– The deal comes on the heels of eGlobal's acquiring the assets of ATM service The Best There Is Inc.

ACI Purchases ReD to Meet Web Security Needs

– Consolidation in the fraud prevention market is expected to continue

E&Y Scoops Up Strategy Consulting Firm

– The purchase of Parthenon Group comes as dealmakers expect M&A to grow in the financial services sector

People Moves of the Week: BTIG, D.A. Davidson, KeyBanc

– BTIG taps two former Lazard execs; D.A. Davidson launches real estate team; KeyBanc drafts Anne-Marie Peterson to the firm's leveraged finance team

AK Steel and Steel Dynamics Pick Up Severstal's U.S. Operations

– The deal comes as Ford and other automakers replace steel with light-weight, fuel-efficient aluminum

CBS Outdoor to Buy Billboards From Van Wagner for $690 Million

– The buyer intends to roll up smaller billboard companies as it competes with Lamar Advertising and Clear Channel Outdoor Holdings

5 Technologies Drive Health Care M&A

– A wave of consolidation is being spurred by innovations including specialized software, says GE’s Mike Jackman

Latest PE Fundraising Efforts

– See which private equity firms have been raising capital, including Summit Partners, General Atlantic and Vista Equity Partners

Yaskawa Scoops Up Solectria Renewables

– The Japanese manufacturer picks up the Massachusetts maker of parts for solar panels on the heels of purchasing Agile Planet and Switch Engineering

Family Resource Service Care.com Combines With Citrus Lane

– The deal grows Care.com as an online retailer amid a highly competitive e-commerce market

The Weekly Wrap: Lindt Chocolate, InterActiveCorp, Platinum Equity

– Lindt buys Russel Stover; InterActiveCorp picks up HowAboutWe.com; Platinum Equity acquires Transworld Systems

4 Companies For Sale

– See which companies have recently hit the auction block, including Leggett & Platt Inc. and MSC Software Corp.

Forbes Magazine Sells Controlling Stake to Hong Kong-Based Group

– Steve Forbes, the head of the family and a two-time U.S. presidential candidate, put the magazine’s parent company up for sale following years of dwindling profits

Twitter Adds Payments Service in On-Going Quest to Increase Revenues

– Nathan Hubbard, the micro-blogging site's head of commerce, helms deal with CardSpring in Twitter's latest attempt to leverage in-tweet shopping

AbbVie to Buy Shire for $54.8 Billion in Tax Inversion

– AbbVie becomes the latest U.S. health company to move abroad amid a record surge in industry deals

Vantage Hospitality Builds Portfolio with America's Best Franchising Hotels

– The deal adds America's Best Inns & Suites, Country Health Inns & Suites and other branded hotels to the hospitality group

Partners Trust Expands to Beverly Hills with Acquisition

– The real estate brokerage firm added Aretι Estates

Survey: Share Your Outlook on Future and Energy M&A

– Is M&A momentum continuing? This month, our sector spotlight is energy. What’s your outlook for energy deals during the next 12 months?

Billtrust Buys Open Scan Technologies

– Open Scan creates software that imports information from remittance forms, reconciles the data, and then applies it to major business management systems, including Oracle

Lariat Partners Closes Debut Fund in Best Fundraising Climate in Years

– The firm has already invested in Newpark Environmental, Global Solutions and Northern Seed, which processes and distributes wheat seeds

GE Reportedly in Talks With Suitors to Sell Iconic Appliances Business

– CEO Jeffrey Immelt tried to sell the unit early in 2008 but couldn't find a buyer before the financial crisis

GTCR Takes Over Cole-Parmer Instrument from Thermo Fisher for $480M

– The Chicago firm won the M&A Mid-Market Private Equity Firm of the Year Award for 2013

KeyCorp to Buy Technology Focused Investment Bank

– The bank is buying Pacific Crest Securities

Liberty Global Acquires ITV Stake from BSkyB for $824M

– ITV is the U.K.’s biggest commercial broadcaster with top-rated shows such as “Downton Abbey”

7 Points to Hiring an I-Bank

– James Hill of Benesch delves into several aspects of engaging a financial adviser, including termination and fees

Evolution Buys Emergency Management Software Company

– Riverside is also investing in services that help customers respond to disasters and other crises

Pfizer Pays Up to $360M to Increase Injectable Offerings

– After spending months bidding on AstraZeneca, the drug maker takes over InnoPharma

Frontenac Recapitalizes Pet Products Group Cloud Star

– The move is the third investment from the PE firm's new fund, which closed in July

Prospect on the Prowl in Smaller Segments

– Professionalizing small businesses is the mantra of the lower middle market, explains Maneesh Chawla, principal