Wrap Up

M&A Dips in August, but 2014 is Still Beating 2012 and 2013
Despite a summer slowdown, the first eight months of 2014 produced more completed deals than the same period in the previous two years

Finance Finesse

Lenders Line Up Loan Options
More private equity firms are opting for less-traditional yield products as lenders get creative, says NXT Capital's Heath Fuller

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

Peg McGlinch

Managing Director

In the news: People Moves of the Week: Angelo Gordon, FFL, Manatt Phelps & Phillips



Mergers & Acquisitions, Latest News

October Country: Inside the Current Issue of Mergers & Acquisitions

– Manufacturing plays a crucial role in M&A today; networking opportunities abound with M&A East, EuroGrowth 2014 and Midwest ACG Capital Connection; tax-inversion deals gain ground

Cowen Launches New Direct Lending Unit

– Cowen Group will invest $125M initially to support Cowen Finance

Encana Buys Athlon Energy for $7.1 Billion in Shift from Gas to Oil

– The buyer ranks as Canada’s second-largest natural gas producer, behind Canadian Natural Resources

Esterline Pays $190M for Barco's Aerospace Defense Unit

– TriMas and Valence Technologies have also made aerospace acquisitions recently

GI Partners Buys PE-Backed Kellermeyer Bergensons

– The maintenance group is being sold by PE firm Kohlberg & Co.

People Moves of the Week: Angelo Gordon, FFL, Manatt Phelps & Phillips

– Angelo Gordon hires former Madison Capital vets; FFL taps former Mattel chief; Manatt Phelps & Phillips enlists Peg McGlinch as managing director

JAB Pays $374M to Take Einstein Bros. Bagels Private

– Merchant bank BDT Capital is making a minority investment in the deal

Tibco Software to Be Bought by Vista Equity for $4.3B

– The software maker had been pitching its business to potential buyers including private-equity firms earlier this month. Pictured: Tibco CEO Vivek Ranadive

Former Madison Capital Execs Trevor Clark and Chris Williams Join Angelo Gordon to Launch Direct Lending Group

– Clark Served as CEO of Madison Capital When It Won Mergers & Acquisitions’ Lender of the Year Award for 2012

October Provides Plethora of Networking Opportunities

– Dealmakers gear up for M&A East in Philadelphia, EuroGrowth 2014 in London and the Midwest ACG Capital Connection in Chicago

Guggenheim Securities Buys Lazard Capital Markets London Operations

– The deal follows advisory acquisitions by Lucia Capital Group and CohnReznick

9 Companies for Sale

– See which companies have recently hit the auction block, including Flippin-Fishing, Simpson Lumber and the Trump Plaza Hotel Casino

The Weekly Wrap: Symphony Technology; TriMas; LabCorp

– Symphony Technology Group buys McGraw Hill Construction; TriMas acquires Allfast; LabCorp purchases LipoScience

Latest PE Fundraising Efforts

– See which private equity firms have been raising capital, including Blackrock, Brookside Investment and HIG

Western Refining Logistics Pays $360M for Oil Assets

– Other recent energy transactions have come from Primoris Services and Radiant Oil & Gas

Gaming Group Elray Makes Second September Acquisition

– The casino gaming company is buying LotteryDomain.com after picking up Golden Galaxy earlier in the week

Axesstel Buys Flexcomm in All-Stock Deal

– The buyer landed on Mergers & Acquisitions Distressed Company Watch List after it said it needs to raise funds to stay in business

Blackhawk Buys Parago for $290M To Expand Offerings

– The purchase of the customer-engagement firm allows the buyer to expand promotional offerings

Guardian Expands With Purchase of 2 Long-Term Care Pharmacies

– The deal follows a specialty pharmacy buy by Modern Healthcare in March

Lucia Capital Adds West Coast Asset Management

– The deal follows similar acquisitions by North Street Global and Affiliated Managers Group

In Latest Health Care Tech Deal, LabCorp Pays $85M for LipoScience

– Deals for health care-related technology companies, including recent targets Medical Payment Exchange and MDDatacor, have been frequent as providers look to pare down costs

Abraaj Said to Plan Raising $500 Million Fund for Turkey Deals

– Carlyle Group, BC Partners Ltd. and KKR & Co. are seeking to benefit from economic growth in Turkey

CohnReznick and Watkins Meegan Combine

– The deal allows New York-based CohnReznick to build up its presence in the Washington, D.C. metropolitan area. Pictured: CohnReznick co-CEO Thomas Marino

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

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

Colgate Takeover Odds Rise Amid Megamergers

– Megamergers, deals of more than $20 billion, have hit a record $788 billion in 2014

Accel-KKR Invests in Software Group F.W. Davison

– The deal comes after the PE firm closed a $325M fund in March

American Capital Closes $1.1B PE Fund

– The fund will buy a portfolio of equity investments for $640M and invest $445M in new control equity and other investments. Pictured: CEO Malon Wilkus

Acorda Pays $525M for Civitas to Gain Parkinson's Drug

– Roche Holding and Pfizer have also recently made pharmaceutical purchases

Riverside Adds to Health Care Tech M&A with Medical Payment Exchange Investment

– The deal follows the PE firm's backing of Protexer, Tate's Bake Shop and Uinta Brewing

Obama Administration’s New Rules Target Medtronic’s Ongoing Bid for Covidien and Other Tax-Inversion Deals

– Horizon Pharma, which completed an address change from Illinois to low-tax Ireland earlier in September when it bought Vidara Therapeutics, will not be affected

PGI Buys TalkPoint to Expand Cloud Services

– The target provides webcasting services that can be used for holding meetings

Turnaround Tuesday: Struggling Owner of Marley Coffee Hopes to Increase Sales

– Jammin Java has incurred an $18.7M deficit while increasing sales

Symphony Technology Buys McGraw Hill Construction for $320M

– The deal comes during a wave of activity in the construction and building products space

Elray Adds Online Gaming with Golden Galaxy

– The buyer is taking a 25 percent stake, but may increase its position depending on profit milestones

TBC Acquires Blackstone-Backed LocalVox

– TA Associates and Blackbaud have also made software acquisitions recently