Data Wrap
Counter Point Ventures Fund II LP will acquire a minority stake in MTI Micro Fuel Cells Inc, and other recent transactions.
January 19, 2010
Target – Acquirer – Description
Arch Aluminum & Glass Co. Inc. -- Sun Capital Partners Inc.
Sun Capital Partners Inc. agreed to acquire bankrupt Arch Aluminum & Glass Co. Inc, a Tamarac-based wholesaler and retailer of architectural glass.
Array Technology Group LLC -- US Legal Support Inc.
US Legal Support Inc. acquired Array Technology Group LLC, a New York-based provider of electronic discovery, trial consulting and training services.
MTI Micro Fuel Cells Inc. -- Counter Point Venture Fund II
Counter Point Ventures Fund II LP agreed to acquire an undisclosed minority stake, or 28.571 million common shares, in MTI Micro Fuel Cells Inc, an Albany-based manufacturer of batteries, from Mechanical Technology Inc, for $2 million.
Bare Escentuals Inc. -- Shiseido Co. Ltd.
Shiseido Co. Ltd of Japan definitively agreed to acquire the entire share capital of Bare Escentuals Inc. (Bare), a San Francisco- based manufacturer and wholesaler of cosmetics, skin care and body care products, via a tender offer for $18. 2 in cash per share, or a total value of $1.74 billion, from Berkshire Partners LLC (16%) and other shareholders. The offer was conditioned upon at least a majority of Bare's shares being tendered on a fully-diluted basis.
Bendix-Fan drive/Clutch Bus -- Kit Masters Inc.
Kit Masters Inc. acquired the Fan Drive/Clutch Business of Bendix Commercial Vehicle Systems LLC, an Elyria-based manufacturer and wholesaler of air brake systems and components.
Undisclosed Direction Svcs Co. -- Enseco Energy Services Corp.
Enseco Energy Services Corp. (Enseco) of Canada definitively agreed to acquire an undisclosed directional services, for $7.681 million. The consideration was to consist of CAD 4 million in cash, $3 million in 10% convertible secured subordinated debenture, and the issuance of 4.1 million Enseco common shares valued at $0.681 million. The shares were valued based on Enseco's closing stock price of $0. 166 on 13 January 2010, the last full trading day prior to the announcement.
Brentwood National Ins Co. -- SUNZ Group LLC
SUNZ Group LLC, a unit of Palm Beach Capital Corp, acquired Brentwood National Insurance Co.
CSIdentity Corp. -- Investcorp Technology Partners
Investcorp Technology Partners, a unit of Investcorp International Inc, agreed to acquire CSIdentity Corp, an Austin-based provider of fraud protection services.
Cerf Brothers Bag Co. -- AmeriBag Inc.
AmeriBag Inc. acquired Cerf Brothers Bag Co, a St Louis-based manufacturer of bags.
Cheshire Tire Center Inc. -- Monro Muffler Brake Inc.
Monro Muffler Brake Inc. acquired Cheshire Tire Center Inc, a Keene-based provider of automobile repair services.
CloudShield Technologies Inc. -- SAIC Inc.
SAIC Inc. definitively agreed to acquire CloudShield Technologies Inc, a Sunnyvale- based provider of cyber security services, from Paladin Capital Group LLC. Terms were not disclosed.
Craftmade International Inc. -- Litex Industries Ltd.
Litex Industries Ltd planned to acquire the entire share capital of Craftmade International Inc, a Coppel- based manufacturer and wholesaler of ceiling fans, for $3.25 per share, of a total value of $18.541 million.
Digital Comm Inc. -- Genesis Group Holdings Inc.
Genesis Group Holdings Inc. signed a Letter of Understanding {LoU} to acquire Digital Comm Inc, a provider of telecommunications infrastructure services.
Edison-Solar Project Dvlp -- First Solar Inc.
First Solar Inc. acquired an undisclosed minority stake in the solar project development pipeline of Edison Mission Group Inc, a Rosemead-based electric utility company.
Coml Casino, Stockmen's hotel -- Northern Nevada Ast Hldgs LLC
Northern Nevada Asset Holdings LLC acquired Commercial Casino, Stockmen's Hotel & Casino, and Scoreboard, an Elko-based owner and operator of hotels and casinos, from Holder Hospitality Group LLC, for $0.900 million in cash.
IPOfferings LLC -- General Patent Corporation
General Patent Corporation acquired IPOfferings LLC, a Boca Raton- based provider of intellectual property services.
Mobius Microsystems Inc. -- Integrated Device Technology
Integrated Device Technology Inc. acquired the entire share capital of Mobius Microsystems Inc, a Sunnyvale-based manufacturer of semiconductors, for an undisclosed amount in cash.
One Source North America -- Wrist Ship Supply
Wrist Ship Supply of Denmak, a unit of Altor Equity Partners AB's Wrist Group A/S, acquired One Source North America, a provider of ship support services. The transaction was to include World Ship Supply, West Coast Ship Supply, East Coast Ship Supply and Karlo Corp.
PerioSeal Dental Implant Sys -- Kelyniam Global Inc.
Kelyniam Global Inc. agreed to acquire the entire share capital of PerioSeal Dental Implant System, a Little Rock-based manufacturer and wholesaler of implant systems.
PurchasingNet Inc. -- Versata Inc.
Versata Inc, a unit of Trilogy Inc, acquired PurchasingNet Inc, a Red Bank- based developer of web-based eProcurement and ePayables software.
Douglas-Industrial Battery Bus -- EnerSys Inc.
EnerSys Inc. acquired the industrial battery business of Douglas Battery Manufacturing Co, a Winston- Salem-based manufacturer and wholesaler of industrial battery and chargers. Terms were not disclosed.
Sustainable Solutions Inc. -- Titan Energy Worldwide Inc.
Titan Energy Worldwide Inc. (TEWI) acquired Sustainable Solutions Inc. (SSI), a Minneapolis-based provider of energy generation services. The company also offers energy-related engineering and consulting services. It was founded in 2007. On completion, SSI was to operate as a new division of TEWI.
Undisclosed Technology Co. -- iBrands Corp.
iBrands Corp. planned to acquire an undisclosed technology company, a developer of internet software.
Yokel.com -- CitySquares Online Inc.
CitySquares Online Inc. acquired Yokel.com, a Boston- based provider of Internet serch engine services. Terms were not disclosed.
Above The Rim -- Collective Brands Inc.
Collective Brands Inc. acquired Above The Rim, a San Diego-based manufacturer of basketball apparel and equipments, from Reebok International Inc, a unit of adidas AG. Terms were not disclosed.
Bank of Las Colinas, Irving,TX -- Undisclosed Acquiror
Capitol Bancorp Ltd agreed to divest its 51% interest in Irving-based Bank of Las Colinas, to an undisclosed acquiror.
Audi & Volkwagen Dealerships -- Penske Automotive Group Inc.
Penske Automotive Group Inc. acquired Audi and Volkswagen dealerships, a Santa Ana-based retailer of automotibles. Terms were not disclosed.
BridgeLux -- VentureTech Alliance LLC
VentureTech Alliance LLC acquired a 3% stake, or 3.3 common shares, in BridgeLux, a Sunnyvale-based manufacturer of light- emitting diode, for a total value of $5 million, in a privately negotiated transaction.
Dynamic Response Group Inc. -- Creditors
Dynamic Response Group Inc, a Miami-based provider of marketing solutions services, agreed to a debt restructuring transaction with creditors.
Energy Inc. -- 3M New Ventures
3M New Ventures of Germany, a unit of 3M Co, acquired an undisclosed minority stake in Energy Inc, a Charleston-based manufacturer of electricity management devices. Terms were not disclosed.
Generation Brands -- Quad-C Management Inc.
Quad-C Management Inc. acquired an undisclosed minority stake in Generation Brands, a Cary-based manufacturer and wholesaler of lighting equipment, for $20 million.
Highcrest Media LLC -- Courier Corp.
Courier Corp. acquired Highcrest Media LLC, a Wilmington-based developer of publishing management software and solutions. Terms were not disclosed.
Iron Eagle Group -- Pinnacle Resources Inc.
Pinnacle Resources Inc. acquired Iron Eagle Group, an Englewood-based provider of construction and contracting services, in a stock swap transaction.
Masefield Group -- Arcadia Petroleum Ltd
US Arcadia Petroleum Ltd of UK agreed to acquire Masefield, a Florida-based oil and gas exploration and production company, for a total value of $30 million in cash.
Mtg Data Mgmt Co-Agcy Delivery -- Mtg Delivery Specialists LLC
Mortgage Delivery Specialists LLC acquired the agency delivery and servicing analysis product lines of Mortgage Data Management Co, a Sussex-based provider of data management services.
Segway Inc. -- Undisclosed Acquirer
Segway Inc, a Bedford- based manufacturer and wholesaler of light electric transportation devices, accessories, and associated services, divested the company to an undisclosed acquirer.
SNX Organic Fertilizers Inc. -- China Scan Biotech Inc.
China Sxan Biotech Inc. agreed to acquire the entire share capital of SNX Organic Fertilizers Inc, a manufacturer of organic fertilizers, for $20 million. The consideration was to consist of 40 million China Sxan new ordinary shares valued at $2 million and preferred shares convertible into 360 million China Sxan new ordinary shares valued at $18 million. The shares were valued based on China Sxans closing stock price of $0.05 on 14 January 2010, the last full trading day prior to the announcement.
Special Devices Inc.-Defense -- Ensign-Bickford Aerospace
Ensign-Bickford Aerospace & Defense Co. agreed to acquire the defense and aerospace division, located in Moorpark, California, of Special Devices Inc, a manufacturer of ordnance and explosive products.
Stealth Manufacturing LLC -- Greg Block
Greg Block acquired Stealth Manufacturing LLC, a West Monroe-based manufacturer of vehicles.
SteelCloud Inc.-Consulting -- Global Technology Partners Inc.
Global Technology Partners Inc. agreed to acquire the consulting business of SteelCloud Inc, a Herndon-based provider of network security software services, for $0.14 million.
Undisclosed Oil & Gas Licenses -- Forest Gate Energy Inc.
Forest Gate Energy Inc. of Canada (Forest) was granted an option to acquire an undisclosed oil and gas licenses, located in Utah, for $0.095 million. The consideration was to consist of $0.049 million in cash and the issuance of 0.345 Forest common shares valued at $0. 046 million. The shares were valued based on Forest's closing stock price of $0. 136 on 14 January 2010, the last full trading day prior to the announcement.
Brink's Home Security Holdings -- Tyco International Ltd.
Tyco International Ltd (Tyco) of Bermuda definitively agreed to acquire the entire share capital of Brink's Home Security Holdings Inc. (Brink's), an Irving-based provider of monitored security services, in a stock swap transaction valued at $1.947 billion. Tyco offered a choice of $42.5 in cash per share, subject to proration whereby the maximum cash consideration is 30% of the total merger consideration; or a combination of $12.75 in cash and a fraction of 1 Tyco share equal to $29.75 divided by the volume- weighted average price of Tyco's stock on the New York Stock Exchange during the 10- trading day period ending on the fourth full trading day prior to the closing date of the merger, subject to a collar between $32.97 and $40.29; or any combination of choice thereof, subject to the same collar. On completion, Brink's was to be merged with Tyco's ADT security business.
Campania Holding Co. Inc. -- Hanover Ins Grp Inc.
Hanover Insurance Group Inc. definitively agreed to merge with Campania Holding Co. Inc, a Vienna-based insurance holding company.
Fleet Management Solutions Inc. -- Trafficmaster PLC
Trafficmaster PLC (Trafficmaster) of the UK planned to acquire Fleet Management Solutions Inc, a San Luis Obispo-based manufacturer of mobile asset tracking and management solutions, for $13.25 million. The consideration was consisted of $6.9 million in cash, $0.35 million in Trafficmaster common stock and up to $6 million in profit related payments.
Intl Steel Solutions-Plant -- Magneti Marelli SpA
Magneti Marelli SpA, a unit of Fiat SpA, acquired the plant, located in Pulaski, Tennessee, of International Steel Solutions LLC, a Pulaski-based manufacturer of shocks, struts and shock rods. Terms were not disclosed.
Mzima Networks Inc. -- PacketExchange Ltd.
PacketExchange Ltd of the UK acquired Mzima Networks Inc, a Los Angeles- based provider of Internet services.
PVC Container Corp. -- Pretium Packaging LLC
Pretium Packaging LLC (Pretium) agreed to acquire PVC Container Corp, an Eatontown-based manufacturer and wholesaler of specialty plastic containers, from Kirtland Capital Partners. Concurrently, Castle Harlan Inc. agreed to acquire Pretium. The two transactions were to have a combined value of an estimated $200 million in cash.
Pretium Packaging LLC -- Castle Harlan Inc.
Castle Harlan Inc. (Castle) agreed to acquire an undisclosed majority interest in Pretium Packaging LLC (Pretium), a Chesterfield- based manufacturer of specialty plastic packaging products, from Harbison Corp, in a leveraged buyout transaction. Concurrently, Pretium agreed to acquire PVC Container Corp. The two transactions were to have a combined value of an estimated $200 million in cash. The transaction was conditioned upon completion of Castle's acquisition of Pretium.
Premier Equip Corp. Inc.-Div -- Atlas Copco Compressors LLC
Atlas Copco Compressors LLC, a unit of Atlas Copco Compressor AB, acquired the compressor division of Premier Equipment Corp. Inc, a Baton Rouge-based wholesaler of wholesales pumps, compressors, cooling towers, air and gas dryers, blowers and vacuum systems, and accessories. Terms were not disclosed.
Swiss Reinsurance Co. Ltd. -- Berkshire Hathaway Inc.
Berkshire Hathaway Inc. agreed to acquire the US life reinsurance business of Swiss Reinsurance Co. Ltd, a Zurich- based provider of life and non-life insurance and reinsurance services, for $1.26 billion.
Washington Wizards -- Lincoln Holdings LLC
Lincoln Holdings LLC, a unit of Fiserv Inc, planned to acquire the remaining 56% interest, which it did not already own, in Washington Wizards, a Washington-based owner and operator of basketball team. The transaction was to include Verizon Center.
The Allied Defense Group Inc. -- Chemring Group PLC
Chemring Group PLC of the UK agreed to acquire the entire share capital of The Alliance Defense Group Inc, a Vienna-based manufacturer of medium caliber ammunition, for $7.25 in cash per share, or a total value of $59.25 million.
Ahura Scientific Inc. -- Thermo Fisher Scientific Inc.
Thermo Fisher Scientific Inc. definitively agreed to acquire Ahura Scientific Inc, a Wilmington-based manufacturer of handheld optical systems instrument, for $145 million in cash and up to an undisclosed amount in profit related payments.
Unisys Corp-Health Info Mgmt -- Molina Healthcare Inc.
Molina Healthcare Inc. agreed to acquire the health information management business of Unisys Corp, a Blue Bell-based manufacturer of electronics-based information systems and related products, for an estimated $135 million in cash.
Orange County Fairgrounds -- Seeking Buyer
In January 2010, Orange County Fairgrounds, an owner and operator of exhibition centers announced that it was seeking a buyer for the company.
Protective Prod of America Inc. -- Seeking Buyer
In Januray 2010, bankrupt Protective Products of America Inc, a Sunrise- based manufacturer and wholesaler of ceramic armours, announced that it was seeking a buyer for the company, via an auction. Sun Capital Partners Inc. was named potential bidder.
Valero Energy-Plant, Paulsboro -- Seeking Buyer
In January 2010, Valero Energy Corp, a San Antonio- based manufacturer and wholesaler of petroleum products, was rumored to be seeking a buyer for its plan, located in Paulsboro, New Jersey.
Language Line Holdings LLC -- Seeking Buyer
In January 2010, ABRY Partners LLC announced that it was seeking a buyer for its Language Line Holdings LLC unit, a Monterey-based provider of over-the-phone language interpretation and document translation services.
Data provided by Thomson Reuters
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