Data Wrap
Donald Trump goes from The Apprentice to
June 17, 2009
Target -- Acquirer -- Description
America Land Title Affiliates -- Title Alliance Ltd
Title Alliance Ltd. acquired America Land Title Affiliates LLC, an Akron-based provider of title insurance services.
Big Frey Promotional Products -- Boundless Network Inc.
Boundless Network Inc. acquired Big Frey Promotional Products, a Northbrook-based provider of marketing and distribution services for promotional products.
Blethen Maine Newspapers -- Investor Group
An investor group, comprised of HM Capital Partners LLC and MaineToday Media Inc., acquired Blethen Maine Newspapers (Blethen), a Portland-based publisher of newspapers, from Seattle Times Co (Seattle), in a leveraged buyout transaction. Originally, in March 2008, Seattle announced that it was seeking a buyer for its Blethen unit. Maine Media Investments and HM Capital Partners LLC were named potential bidders.
Building Materials Holding -- Creditors
Building Materials Holding Corp., a Boise-based provider of residential construction services, agreed to a debt restructuring with Creditors.
Conning & Co. -- Aquiline Capital Partners LLC
Aquiline Capital Partners LLC acquired Conning & Co, a Hartford-based provider of insurance asset management services, from Swiss Reinsurance Co's Conning Corp. unit, in a leveraged buyout transaction. Terms were not disclosed.
Diabetes Source Rx -- Doctor Diabetic Supply Inc.
Doctor Diabetic Supply Inc. acquired Diabetes Source Rx, a Lafayette-based wholesaler and retailer of diabetic supplies and other products.
Filene's Basement-Stores (17) -- Syms Corp.
Syms Corp. agreed to acquire the stores of Filene's Basement Corp. (Filene's), a Burlington-based retailer of designer clothing, for $62.4 mil, via an auction. Originally, in May 2009, Filene's announced that it was seeking a buyer for its stores. Crown Acquisitions LLC, Syms Corp., and Men's Wearhouse were named potential bidders.
Meriner Municipal Managers LLC -- MacKay Shields LLC
MacKay Shields LLC definitively agreed to acquire Mariner Municipal Managers LLC, a Princeton- based provider of alternative investment management services.
Metaldyne (Certain Assets) -- RHJ International Ltd
RHJ International Ltd (RHJ), a unit of Ripplewood Holdings LLC (Ripplewood), agreed to acquire the certain powertrain and operating assets of Metaldyne Corp. (Metaldyne), a Plymouth-based manufacturer of motor vehicle parts, and a unit of Asahi Tec Corp. (Asahi) majority owned subsidiary of Ripplewood's RHJ, for $39.9 mil. The consideration was prorated at 39.9% based on the 60.1% interest held by RHJ in Asahi. The transaction was to include Metaldyne’s Sintered Product’s European assets, Vibration Control Products business unit, and certain Asian operation.
NettoCollection LLC -- Maclaren USA Inc.
Maclaren USA Inc. acquired NettoCollection LLC, a New York-based manufacturer and wholesaler of baby furniture.
NETtime Solutions LLC -- Canal Partners LLC
Canal Partners LLC acquired an undisclosed majority interest in NETtime Solutions LLC, a Scottsdale- based developer of web-based time software, in a leveraged buyout transaction.
Nova Natural Resources Corp. -- HS Financial Management Group Inc.
HS Financial Management Group Inc. (HS) definitively agreed to acquire an undisclosed majority interest in Nova Natural Resources Corp., a Weston-based manufacturer and retailer of electronic equipment and a majority owned unit of I-Legend Holdings Ltd, in exchange for $0.881 mil in HS current assets.
Paymo Inc. -- BOKU Inc.
BOKU Inc. (BOKU) acquired Paymo Inc., a San Francisco- based provider of online mobile payment processing services. Concurrently, BOKU Inc. acquired Mobilllcash.
Reflectkote Inc. -- High Velocity Alternative
High Velocity Alternative Energy Corp. (High) acquired the entire share capital of Reflectkote Inc., a Lumberville-based manufacturer of reflective coatings, in exchange for 5.83 mil High common shares valued at $0.035 mil. The shares were valued based on High's closing stock price of $0.006 on 15 June 2009, the last full trading day prior to the announcement.
Severstal North America (Allenport plant) -- NATCO
North American Trading Co LLC {NATCO} signed a Letter of Intent {LoI} to acquire the Allenport plant (Allenport) of Severstal North America Inc., a Dearborn- based manufacturer of steel products, and a unit of OAO Severstal. The transaction was to include Allenport's equipment and 400-acre land property.
Stirrings LLC -- Diageo PLC
Diageo PLC of the UK acquired the remaining 80% interest which it did not already own in Stirrings LLC, a New Bedford-based producer, wholesaler and retailer of cocktail mixes.
Tesoro Corp. -- Tetra Tech Inc.
Tetra Tech Inc. acquired Tesoro Corp., a Virginia Beach- based provider of construction management services. Terms were not disclosed.
Water Wise Envi Solutions -- Scout Exploration Inc.
Scout Exploration Inc. signed a Letter of Intent {LoI} to acquire the entire share capital of Water Wise Environmental Solutions, a manufacturer of water dispenser products, in exchange for 4 mil common shares, valued at $0.64 mil.
Zirh International Corp. -- Procter & Gamble Co
Procter & Gamble Co acquired Zirh International Corp., a New York-based manufacturer and retailer of skin care and shaving products, from Shiseido Co Ltd. Terms were not disclosed.
Beverly National Corp., MA -- Danvers BanCorp Inc., MA
Danvers BanCorp Inc. (Danvers), Danvers, Massachusetts, definitively agreed to merge with Beverly- based Beverly National Corp. (Beverly), a bank holding company, in a stock swap transaction valued at $61. 371 mil. Danvers offered 1.66 common shares per Beverly share. Based on Danvers? closing stock price of $13.88 on 16 June 2009, the last full trading day prior to the announcement, each Beverly share was valued at $23.041.
Church's Chicken -- Friedman Fleischer & Lowe LLC
Friedman Fleischer & Lowe LLC definitively agreed to acquire Church's Chicken, an Atlanta-based owner and operator of fast food restaurants, from Arcapita Inc., a unit of Arcapita Bank BSC, in a leveraged buyout transaction. Terms were not disclosed.
Greater Atlantic Financial Corp. -- MidAtlantic BanCorp Inc., VA
MidAtlantic BanCorp Inc., Reston, Virginia, definitively agreed to acquire the entire share capital of Greater Atlantic Financial Corp., a Reston- based savings and loan holding company, for $0.1 in cash per share, or a total value of $0.302 mil.
Indalex Aluminum Solutions -- Sapa AB
Sapa AB, a unit of Orkla ASA, agreed to acquire bankrupt Indalex Aluminum
Solutions, a Bannockburn- based manufacturer of soft alloy extrusions, from Indalex Holding Corp., a unit of Sun Capital Partners Inc. The transaction was to include 10 aluminum plants in Canada and US.
Nitro Group LLC -- Sapient Corp.
Sapient Corp. planned to acquire Nitro Group LLC, a New York-based provider of advertisings services. Terms were not disclosed but, according to sources close to the situation, the deal was valued at an estimated $50 mil in cash and stock.
Teranex Inc. -- Jupiter Systems
Jupiter Systems acquired the entire share capital of Teranex Inc., an Orlando-based manufacturer of digital imaging solutions, from Silicon Optix Inc., a unit of Integrated Device Technology Inc.
Undisclosed Pawn Stores (2) -- First Cash Financial Services
First Cash Financial Services Inc. acquired 2 undisclosed pawn stores, located in Dallas, Texas, for $1.3 mil in cash.
Isolagen Inc. -- Seeking Buyer
In June 2009, Bankrupt Isolagen Inc., an Exton-based biotechnology company, announced that it was seeking a buyer for the company.
Six Flags Inc. -- Seeking Buyer
In June 2009, bankrupt Six Flags Inc., a New York- based owner and operator of regional amusement parks, announced that it was seeking a buyer for the company.
Data provided by Thomson Reuters
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