Data Wrap
The Riverside Company acquired Advocate Medical Services Inc, a medical wholesaler, and other recent transactions.
January 25, 2010
Target – Acquirer – Description
Accruent Inc. -- Vista Equity Partners LLC
Vista Equity Partners LLC acquired Accruent Inc, a Santa Monica-based developer of Enterprise Location Management solutions software, in a leveraged buyout transaction.
Amerifit Brands Inc. -- Martek Biosciences Corp.
Martek Biosciences Corp. agreed to acquire Amerifit Brands Inc, a Cromwell-based manufacturer and wholesaler of consumer health and wellness products, from Charterhouse Group Inc, for $200 million in cash.
ClackPoint -- Voxeo Corp.
Voxeo Corp. acquired ClackPoint, a provider of real-time multimedia collaboration platform services. Terms were not disclosed.
Next Generation-Equity & Bkg -- Hudson Holding Corp.
Hudson Holding Corp. signed a Letter of Intent to acquire the equity research and investment banking business of Next Generation Equity Research LLC, a Chicago-based provider of equity research services.
Pines Commercial Properties -- FIP Ventures LLC
FIP Ventures LLP acquired the Pines Commercial Properties, an owner and operator of resorts. The transaction was to include Paviliom nightclub complex, the Blue Whale and Bay Bar restaurants, the Hotel Ciel, a grocery store, gym, clothing store and retail outlets and residential properties.
Health Fitness Corp. -- Trustmark Mutual Holding Co.
Trustmark Mutual Holding Co. definitively agreed to merge with Health Fitness Corp. (Health), a Minneapolis- based provider of integrated health and fitness management services, via a tender offer for $8.78 in cash per share, or a total value of $93.587 million. The offer was conditioned upon at least a majority of shares being tendered.
Inspiration Biopharm Inc. -- Ipsen SA
Ipsen SA of France agreed to acquire preferred stock convertible into a 47% stake, in Inspiration Biopharmaceuticals Inc, a Laguna Niguel-based biotechnology company, for $259 million. The consideration was to consist of $85 million and up to $174 million in profit-related payments.
Janus Products Corp. -- MSE Enviro-Tech Corp.
MSE Enviro-Tech Corp. acquired Janus Products Corp., a Port Huron-based provider of ecommerce retail services.
InterContinental Montelucia -- Eurohypo AG
Eurohypo AG of Germany, a unit of Commerzbank AG's Commerzbank Inlandsbanken Holding GmbH subsidiary, acquired InterContinental Montelucia Resort & Spa, a Paradise Valley-based owner and operator of hotels, from InterContinental Hotels Group PLC.
Kuchera Group of Cos -- API Technologies Corp.
API Technologies Corp. (API) of Canada acquired Kuchera Group of Cos, a manufacturer of electronic components, and engineered systems, for the defense, aerospace, and communications industries, for $28.48 million. The consideration was to consist of $14 million in cash, $10 million in promissory notes, and 3.2 million API common shares, valued at $4.48 million. The shares were valued based on API's closing stock price of $1.4, on 20 January 2010, the last full trading day prior to the announcement.
McDowell Village, Castle Hill -- West Living LLC
West Living LLC acquired the McDowell Village and Castle Hill Retirement Village, an owner and operator of retirement homes.
Millennium Brokerage Group LLC -- MBG Acquisitions LLC
MBG Acquisitions LLC acquired the entire share capital of Millenium Brokerage Group LLC, a Lubbock-based provider of life insurance advisory and brokerage services, from Enterprise Financial Services Corp., for $4.5 million. The consideration consisted of $4 million in cash and $0.5 million in secured subordinated promissory note.
Padoma Wind Power LLC -- Enel North America Inc.
Enel North America Inc, a unit of Enel SpA's Enel Green Power SpA subsidiary, agreed to acquire Padoma Wind Power LLC, a La Jolla-based owner and operator of wind farms, from NRG Energy Inc.
Segrave Aviation Inc. -- Delta AirElite Bus Jets Inc.
Delta AirElite Business Jets Inc, a unit of Delta Air Lines Inc, acquired Segrave Aviation Inc, a Kinston-based provider of private jet charter, aircraft management, and aircraft maintenance services, for undisclosed amount in cash.
724 Solutions Inc. -- Mobixell Networks Inc.
Mobixell Networks Inc acquired 724 Solutions Inc, a Santa Barbara-based developer of mobile Internet software, from Austin Ventures LP.
Squaw Peak Copper-Molybdenum -- Regal Resources Inc.
Regal Resources Inc (Regal) of Canada was granted an option to acquire the Squaw Peak Copper-Molybdenum project, located in Yavapai County, Arizona, for $3.3 million and the issuance of 1 million Regal shares.
Undisclosed Oil, Gas Tech Co. -- EGPI Firecreek Inc.
EGPI Firecreek Inc signed a Letter of Intent {LoI} to acquire an undisclosed oil and gas compressor technology company located in Scottsdale, Arizona. Terms were not disclosed.
United Aircraft Dvlp Partners -- Utilicraft Aerospace Ind Inc.
Utilicraft Aerospace Industries Inc (UAI) agreed to acquire United Aircraft Development Partners Inc, a Santa Fe-based acquiror and developer of aircraft programs in exchange for 103. 25 million UAI common shares valued at $1.962 million. The shares were valued based on UAI's closing stock price of $1.962 million on 21 January 2010, the last full trading day prior to the announcement.
Columbia River Bk-Certain Asts -- Columbia State Bank, Tacoma, WA
Columbia State Bank, a wholly-owned unit of Columbia Banking System Inc, acquired certain assets of Columbia River Bank, a unit of Columbia Bancorp.
Consumer Finl Svcs LLC -- Atlanta Equity Investors LLC
Atlanta Equity Fund LP acquired Consumer Financial Services LLC, a Southport- based provider of debtor identification services, in a leveraged buyout transaction.
EvergreenBank, Seattle, WA -- Umpqua Bank, Rogue River, OR
Umpqua Bank, a unit of Umpqua Holdings Corp., acquired EvergreenBank, located in Seattle, Washington.
Franklin Mining Inc-Oil & Gas -- Energy Mgmt Intl Inc.
Energy Management International Inc acquired the oil & gas assets of Franklin Mining Inc, a San Antonio-based gold and silver mining company.
Freegold Ventures Ltd-Vinasale -- Western Standard Metals Ltd.
Western Standard Metals Ltd. of Canada was granted an option to acquire a 50% interest in the Vinasale Gold project, located in Alaska, of Freegold Ventures Ltd., a gold mining company, for $6.831 million.
H3 Logistics LLC -- syncreon Holdings Inc.
syncreon Holdings Inc acquired H3 Logistics LLC, an Auburn Hills-based provider of third party logistics services.
Lodgian Inc. -- Lone Star Funds
Lone Star Funds definitively agreed acquire the entire share capital of Lodgian Inc, an Atlanta-based owner and operator of full- service hotels, for $2.5 in cash per share, or a total value of $54.212 million, including an undisclosed amount in liabilities.
NAZZ Productions Inc. -- QED Connect Inc.
QED Connect Inc signed a Letter of Intent to acquire NAZZ Productions Inc, a provider of film and television entertainment production services.
Performance Capital-Portfolio -- Oliphant Financial Group LLC
Oliphant Financial Group LLC agreed to acquire the loan portfolio of Performance Capital Management LLC, a Buena Park-based provider of debt collection services, for $0.925 million.
Advocate Medical Services Inc. -- The Riverside Co.
The Riverside Co. acquired Advocate Medical Services Inc, a Tampa-based wholesaler of medical products, in a leveraged buyout transaction.
Natural Gas Pipeline, Oklahoma -- CAVU Resources Inc.
CAVU Resources Inc acquired an undisclosed natural gas pipeline, located in Oklahoma.
Undisclosed Medical Portfolio -- Healthcare Trust of America
Healthcare Trust of America Inc agreed to acquire an undisclosed medical office portfolio, an Atlanta-based provider of medical services, for an estimated $19.85 million.
Liberty Global-Subsidiaries(3) -- KDDI Corp.
KDDI Corp. of Japan agreed to acquire three subsidiaries of Liberty Global Inc, an Englewood- based owner and operator of cable television stations, for $4 billion in cash. The subsidiaries were comprised of Liberty Global Japan II LLC, Liberty Japan Inc and Liberty Jupiter Inc. The transaction was to include a 37.8% stake in Jupiter Telecommunications Co. Ltd. held by the subsidiaries.
Critical Homecare Solutions -- BioScrip Inc.
BioScrip Inc (BioScrip) definitively agreed to acquire the entire share capital of Critical Homecare Solutions Inc, a Conshohocken- based provider of home care products and services, from KCHS Holdings, a unit of Kohlberg & Co. LP, for $343. 191 million. The consideration was to consist of $110 million in cash, the assumption of $132 million in liabilities, the issuance of 3.4 million Bioscrip warrants and 12.94 million BioScrip common shares valued at $101.191 million. The shares were valued based on BioScrip's closing stock price of $7.82 on 22 January 2010, the last full trading day prior to the announcement.
GeoInstruments Inc.-Business -- Uranium Expl Au Ltd.
Uranium Exploration Australia Ltd. of Australia acquired the Prompt Fission Neutron business of GeoInstruments Inc, a Nacogdoches-based provider of geophysical logging services, for $1.271 million in cash.
NET Telcos Inc. -- Cavalier Telephone LLC
Cavalier Telephone LLC acquired NET Telcos Inc, a Richmond-based provider of collocation and managed services.
RiskMetrics Group Inc -- Seeking Buyer
In January 2010, RiskMetrics Group Inc, a New York-based provider of risk management services, was rumored to be seeking a buyer for the company, via an auction. MSCI Inc, Bloomberg LP, McGraw-Hills Cos and Thomson Reuters Corp. were named potential bidders.
MF Global-Eq Interdealer -- Seeking Buyer
In January 2010, MF Global Holdings Ltd., a New York-based securities brokerage firm, announced that it was seeking a buyer for its US equity interdealer broker unit.
Data provided by Thomson Reuters
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