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

Digital Edition


Fund of Funds, Lender

ESOP, Recapitalization

Agriculture, Natural Resources

New York, Hong Kong

Northeast US, Asia/Pacific

United States, Canada


People Database


Mergers & Acquisitions, Latest News

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 Net Trans and Worldwide Payment 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

Latest PE Fundraising Efforts

– See which private equity firms have been raising capital, including Diamond Castle Partners and Square Mile Partners

3 Companies for Sale

– See which companies have recently hit the auction block, including Sears Hometown & Outlet and NutriSystem

The Weekly Wrap: Savor Coffee, Z Gallerie, Spectrio

– American Diversified Holdings set out to buy Savor Coffee; Brentwood Associates acquires home furnishing company Z Gallerie; Riverside picks up Spectrio

Altamont Invests in Legacy ER & Urgent Care

– The deal is the San Francisco firm's latest foray in the health services space

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

Chesapeake Inks Biggest Shale Divestment

– The Oklahoma City-based energy explorer has already sold more than $3B in assets in 2014 as part of an effort to unwind deals done by former CEO Aubrey McClendon

Experts Corner: Growth in Construction Sector Spurs M&A in Building Products

– The construction products industry is regional and fragmented, making it ripe for consolidation, explains Ridgemont Equity Partners’ Rob Edwards

Archroma Continues to Amass Textile Assets

– By acquiring assets from BASF, the SK Capital-backed company hopes to fend against growing competition in Asia

AbbVie’s Cold Feet on Purchase of Shire Shows Some Are Too Late to Forge Tax-Inversion Deals

– New rules from the U.S. Treasury Department prompted Auxilium Pharmaceuticals to cancel plans to buy Canada’s QLT and agree to be bought by Endo International

PE-Backed AssuredPartners Acquires Casualty Assurance

– The GTCR portfolio company recently picked up Hukill Hazlett Harrington Agency, becoming one of the more active consolidations of the insurance industry

Water Street-backed Breg Buys United Orthopedic Group

– The transaction will bring four orthopedic product brands — Breg, Bledsoe Brace Systems, Hope Orthopedics and Cothera — into one portfolio

Riverside Invests in Audio and Video Marketing Service

– The sale of Spectrio marks an exit for SJ Partners

AeroCare Inks Merger to Go Public

– Once it is on the Nasdaq exchange, the Ferrer Freeman-backed sleep-therapy service intends to expand via M&A

Spinoffs Set Stage for Next Wave of Mergers

– Hewlett-Packard, EBay and BHP Billiton are among the hundreds of companies spinning off business units that make attractive targets

Brentwood Grabs Z Gallerie

– The deal underscores the importance of multiple distribution channels, especially e-commerce websites, in retail today

Growth in Manufacturing M&A May Have Peaked

– The sector is still expanding, but expectations aren’t as high as earlier in the year

Turnaround Tuesday: Troubled Intelligent Thermostat Maker Telkonet Gets $2M Loan

– The company, which makes household gadgets under the EcoGuard, EcoInsight and EcoWave brands, has a long history of losses but has been increasing revenue lately

Capicor Adds Heart-Failure Rights from Medtronic

– Medtronic is, which is in the midst of a controversial tax-inversion deal to buy Covidien, recently sold medical instrument lines to Intagra for $600M

People Moves of the Week: GI Partners, Morgan Lewis & Bockius, PwC

– GI hires former Peet's Coffee & Tea exec; Morgan Lewis taps cyber-security specialist; PwC names John Stadtler leader of the firm's U.S. financial services industry practice

PE-Backed Citadel Adds the Composites Group

– Citadel has made other acquisitions, including Lucent Polymers. Pictured: Gary Crittenden, Chairman of HGGC and Citadel

Distressed Company Watch List

– See which companies have recently indicated doubt about continuing as going concerns in SEC filings, including Mojo Organics and Three Forks

3Qs: GPs Co-Invest with Limited Partners

– Financial sponsors call on limited partners to help round out equity commitments, says Christina Carroll of Stout Risius Ross