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The Weekly Wrap

New plays from Zynga, HIG and BASF; other recent deals listed here in alphabetical order according to buyer

Target|Acquirer              

Mercury Communications Group|2Dialog Ltd.    

2Dialog Ltd. acquired Mercury Communications Group, a New York-based provider of information technology services.

Rapid Medical Response LLC|ActiveCare Inc.       

ActiveCare Inc. signed a letter of intent to acquire the entire share capital of Rapid Medical Response LLC, an Orem, Utah-based manufacturer of emergency medical communication devices. The transaction includes Green Wire LLC.

Talbots-Credit Card Portfolio|Alliance Data Systems Corp.            

Alliance Data Retail Systems Corp agreed to acquire the $145 million credit card portfolio of Talbots Inc., a Hingham, Mass.-based retailer of women's apparel and a unit of Sycamore Partners LLC, for an estimated $10.15 million. The deal was valued based on the 7% standard capitalization rate plus premium paid.

Comforce Corp.|American CyberSystems Inc.       

American CyberSystems Inc. acquired COMFORCE Corp, a Bethpage, N.J.-based provider of staffing and consulting services, from CFS Merger Sub Corp, a unit of Abry Partners LLC's CFS Parent Corp.

Chipita America-Food Brands|B&G Foods Inc.    

B&G Foods Inc., a wholly- owned subsidiary of Bruckmann Rosser Sherrill & Co LLC, agreed to acquire New York Style and Old London brands from Chipita America Inc., a manufacturer and distributor of branded breads and snacks, for an estimated $62.5 million in cash.

Becker Underwood Inc|BASF SE              

BASF SE of Germany, planned to acquire Becker Underwood Inc., an Ames-based manufacturer and wholesaler of specialty bio-agronomic and colorant chemical products, from Norwest Equity Partners, for $1.02 billion. In July 2012, Norwest was rumored to be seeking a buyer for its Becker unit, via an auction.

Complete Genomics Inc.|BGI     

Beijing Genomics Institute of China, through its wholly-owned subsidiary, definitively agreed to acquire the entire share capital of Complete Genomics Inc., a Mountain View, Calif.- based biotechnology company, via tender offer, for $3.15 in cash per share, or a total value of $108.024 million. The offer was conditioned upon at least majority of shares being tendered.

Eclipse Therapeutics Inc.|Bionomics Ltd. 

Bionomics Ltd. of Australia acquired Eclipse Therapeutics Inc., a San Diego-based biotechnology company, in exchange for 22.9 million Bionomics ordinary shares valued at $8.05 million. The shares were valued based on Bionomics' closing stock price of $0.34 on 13 September 2012, the last full trading day prior to announcement.

Vivint Inc.|Blackstone Capital Partners VI              

Blackstone Capital Partner VI LP, a wholly-owned unit of Blackstone Group LP, definitively agreed to acquire Vivint Inc., a Provo-based provider of security systems services, from Goldman Sachs Grupo de Merchant, a unit of Goldman Sachs Group Inc., for an estimated $2 billion in cash, in a leveraged buyout transaction. Blackstone, Ares Management LLC, and GTCR LLC were named potential bidders. Terms were not disclosed but according to people close to the matter, the deal had an estimated value of $2 billion.

BridgePoint Medical Inc.|Boston Scientific Corp. 

Boston Scientific Corp. definitively agreed to acquire BridgePoint Medical Inc., a Plymouth, Mass.-based manufacturer of catheters, from Ability Prosthetics & Orthotics Inc. Terms were not disclosed.

Othera Pharmaceuticals Inc.|Colby Pharmaceutical Co.    

Colby Pharmaceutical Co. acquired Othera Pharmaceuticals Inc., a Conshohocken-based pharmaceutical manufacturing company. Terms were not disclosed.

Peter Millar|Compagnie Financiere Richemont 

Compagnie Financiere Richemont SA of Switzerland planned to acquire Peter Millar, a Cary, N.C.-based manufacturer of lifestyle apparel. Terms were not disclosed.

Iris International Inc.|Danaher Corp.       

Danaher Corp definitively agreed to acquire the entire share capital of Iris International Inc., a Chatsworth-based manufacturer of in vitro diagnostic and other medical imaging systems, via tender offer, for $19.5 in cash per share, or a total value of $370.99 million. Upon completion, IRIS will become a part of Beckman Coulter Inc.

Queen Cutlery Co.|Daniels Family Cutlery Corp.  

Daniels Family Cutlery Corp acquired Queen Cutlery Co., a Titusville, Pa.-based manufacturer of cutlery equipment, from Servotronics Inc.

CK Processing Company-River Terminal|Darling International Inc .     

Darling International Inc. acquires CK Processing Company-River Terminal and Storage Facility, located in Muscatine, Iowa, a river terminal and storage facility owned by CK Processing Company.

River Terminal Corp.|Darling International Inc.      

US- Darling International Inc. acquired River Terminal Corporation, located in Muscatine, Iowa, which is a terminal designed to handle numerous commodities.

Lourdes Health-Kidney Dialysis|DaVita Inc.          

DaVita Inc. acquired an 80% interest in three kidney dialysis centers of Lourdes Health System, a Camden-based owner and operator of hospital. Terms were not disclosed.

Geeknet Inc.-Online Media|Dice Holdings Inc.     

Dice Holdings Inc. acquired the online media business of Geeknet Inc., a Fairfax-based provider of online information resource services, for $20 million in cash. The transaction included Slashdot and SourceForge.

Learning Tree Intl Inc.|Duty & Service LLC             

Duty & Service LLC planned to launch a tender offer to acquire the remaining 68.16% interest, or 8.98 million common shares, which it did not already own, in Learning Tree International Inc., a Reston- based provider of computer education services, for $5.25 in cash per share, or a total value of $47.15 million, in a leveraged buyout transaction. The offer was conditioned upon at least a majority of Learning's shares being tendered.

TZO|Dynamic Network Services Inc.        

Dynamic Network Services Inc. acquired Tzolkin Corp., a Pepperell, Mass.-based provider of DNS services for $4 million.

CSS Studios LLC|Empire Investment Holdings LLC             

Empire Investment Holdings LLC acquired CSS Studios LLC, a Hollywood- based provider of post-production sound and music services, from Discovery Communications Inc.

Hilcorp Energy GOM-Cert Assets|EPL Oil & Gas Inc.              

EPL Oil & Gas Inc. agreed to acquire the certain shallow water assets, located in Gulf of Mexico, of Hilcorp Energy GOM Holdings LLC, a Houston-based oil and gas exploration and production company and a unit of Hilcorp Energy Co., for $550 million.

Panlabs Biologics Inc.|Eurofins Scientific Inc.         

Eurofins Scientific Inc., a wholly-owned unit of Eurofins Scientific SE, agreed to acquire Panlabs Biologics.

NX Petroleum Inc.|European Oil & Gas Co.            

European Oil & Gas Co of Switzerland signed a Memorandum of Understanding to acquire NX Petroleum Inc., an oil and gas exploration and production company.

Ide Management Group LLC|Fortune Industries Inc.       

Fortune Industries Inc. agreed to merge with Ide Management Group LLC, a Greenfield, Ind.-based owner and operator of skilled nursing and assisted living facilities.

Monarch Fragrances LLC|Fragrance West            

Fragrance West, a unit of Horn Co., acquired Monarch Fragrances LLC, a Kennesaw- based manufacturer and wholesaler of fragrances and essential oils.

K2 Advisors LLC|Franklin Resources Inc.

Franklin Resources Inc. agreed to acquire an undisclosed majority interest in K2 Advisor LLC, a Stamford-based close-end investment fund. Originally, in June 2011 K2, is rumored to seek a buyer for its undisclosed majority stake, or certain business. Carlyle Group is named potential bidder.

Adex Corp.|Genesis Group Holdings Inc.               

Genesis Group Holdings Inc.  acquired Adex Corp, an Alpharetta, Ga.-based provider of turnkey solutions, for an estimated $15 million. Concurrently, Genesis acquired TNS Inc.

TNS Inc.|Genesis Group Holdings Inc.       

Genesis Group Holdings Inc. acquired TNS Inc., a Chicago-based provider of cable installation services, for an estimated $4.8 million. Concurrently, Genesis acquired ADEX Corp.

Vacumet Corp.|HIG European Capital Partners  

HIG European Capital Partners LLP of UK, a unit of HIG Capital LLC, acquired Vacumet Corp., a Franklin, Mass.- based manufacturer of metallized paper and plastic films, from Scholle Corp. Terms were not disclosed.

Denbury Onshore LLC|Bakken Asset Investor Group          

An investor group, comprised of Exxon Mobil Corp (Exxon) and XTO Energy Inc., a wholly-owned unit of Exxon, agreed to acquire the Bakken assets, located in North Dakota and Montana, of Denbury Onshore LLC, a Plano, Texas-based oil and gas exploration and production company and a unit of Denbury Resources Inc., for $1.6 billion in cash.

Evolution Robotics Inc.|iROBOT Corp.      

iRobot Corp agreed to acquire Evolution Robotics Inc., a Pasadena-based developer of robotics solutions, for $74 million in cash.

ExxonMobil Oil-Terminal|Keyera Energy Inc.       

Keyera Energy Inc., a wholly-owned unit of Keyera Corp., agreed to acquire the NGL midstream rail and truck terminal, located in Hull, Texas, of ExxonMobil Corp., a Fairfax, Va.-based manufacturer and wholesaler of refined petroleum and gas products, and a unit of ExxonMobil Corp., for an estimated $15 million.

San Diego Hat Co.|Kingdom Wood Investments Ltd.         

Kingdom Wood Investments Ltd. signed a Letter of Intent to acquire a 90% interest in San Diego Hat Co., a Carlsbad-based manufacturer and wholesaler of hats, for $10 million in cash.

Evanta Inc.|Leeds Equity Partners LLC    

Leeds Equity Partners LLC agreed to acquire Evanta Inc., a Portland-based provider of exhibition and conference services, from DMG: :Events, a unit of Rothermere Investments Ltd.'s Daily Mail & General Trust PLC subsidiary, for an estimated $94 million in cash, in a leveraged buyout transaction.

BP PLC-Refinery|Marathon Petroleum Corp. 

Marathon Petroleum Corp. was rumored to be planning to acquire a refinery, located in Texas City, Texas, of BP PLC, a London-based oil and gas exploration and production company. Terms were not disclosed, but according to sources close to the transaction, the deal had an estimated value of $2.5 billion.

ProPhase Labs Inc.|Matrixx Initiatives Inc.             

Matrixx Initiatives Inc. planned to acquire the entire share capital of ProPhase Labs Inc., a Doylestown-based manufacturer and wholesaler of healthcare pharmaceuticals, for $1.4 in cash per share or a total value of $20.77 million, via unsolicited tender offer.

EmCert Inc.|Medic-CE.com LLC  

Medic-CE.com LLC acquired EmCert Inc., a Houston-based provider of online continuing education services. Terms were not disclosed.

Pediatric Cardiology of Austin|MEDNAX Inc.        

MEDNAX Inc. acquired Pediatric Cardiology of Austin, an Austin-based owner and operator of hospitals in cash. Terms were not disclosed.

Butte Highlands JV LLC|Montana State Gold Co.

Montana State Gold Co. LLC acquired a 50% interest in Butte Highlands JV LLC, a Montana-based gold mining company, from Highland Mining LLC. Upon completion, Montana is to own 50% and Timberline Resources Corp. is to own the remaining 50%.

Flavors.me|MOO.COM

MOO.COM acquired Flavors. me, a New York-based provider of internet website services, from HiiDef Inc.

DECAS Botanical Synergies|Naturex SA

Naturex SA of France acquired a 95% interest in DECAS Botanical Synergies, a Carver, Mass.-based manufacturer of cranberry-based powders, extracts and oils.

Avtron Industrial Automation|Nidec Corp.           

Nidec Corp. of Japan agreed to acquire the entire share capital of Avtron Industrial Automation Inc., an Independence, Ohio-based provider of automation solutions, from Morgenthaler Partners. Concurrently, Nidec agreed to acquire the entire share capital of Kinetek Group Inc.

Kinetek Group Inc.|Nidec Corp.  

Nidec Corp. of Japan agreed to acquire the entire share capital of Kinetek Group Inc., a Deerfield, Ill.-based manufacturer of electric motors, from Resolute Fund LP, and other shareholders. Concurrently, Nidec agreed to acquire the entire share capital of Avtron Industrial Automation Inc.

Quadion Corp.|Norwest Equity Partners               

Norwest Equity Partners acquired Quadion Corp., a Minneapolis-based manufacturer of rubber and plastic components and assemblies, in a leveraged buyout transaction. Terms were not disclosed.

International Biometric Group|Novetta Solutions LLC    

Novetta Solutions LLC, a unit of Arlington Capital Partners LP, acquired International Biometric Group LLC, a New York-based provider of network security and transaction systems integration and consulting services. Terms were not disclosed.

Centerstance Inc.|NTT  

Nippon Telegraph and Telephone Corp has agreed to acquire Centerstance Inc., a Portland-based, provider of consulting services for companies who are confronting business transformation and solution development issues. Terms were not disclosed.

Ditech Networks Inc.|Nuance Communications Inc.          

Nuance Communications Inc. agreed to acquire Ditech Networks Inc., a San Jose- based manufacturer and wholesaler of telecommunications equipment, for $1.45 in cash per share, or a total value of $38.998 million in cash.

JDS Uniphase-Holographic Bus|OpSec Security Group PLC           

Opsec Security Group PLC agreed to acquire the holographic security business, located in Robbinsville, New Jersey, of JDS Uniphase Group Inc., a Milpitas, Calif.-based manufacturer and wholesaler of broadband test products, for $15.5 million. The consideration was to consist of $11.5 million in cash and up to $4 million in profit- related payments.

Dunham Express Corp.|Passe Inc.             

Passe Inc. acquired an undisclosed majority interest in Dunham Express Corp, a Madison, Wis.-based provider of delivery services, from Mark McDonald.

PWCO LLC-Assets|ProWater LLC              

ProWater LLC, a wholly- owned unit of Sustainable Environmental Technologies Corp., agreed to acquire assets of PWCO LLC, a provider of engineering services.

Arkovi|RegEd Inc.            

RegEd Inc., a majority- owned unit of Fiserv Inc., agreed to acquire Arkovi, a Dover-based provider of financial services.

Zui|Saban Brands LLC    

Saban Brands LLC acquired Zui, a San Diego- based, provider of online entertainment for kids. Terms were not disclosed.

Penguin Digital Inc.|Shutterfly Inc.            

Shutterfly Inc. acquired Penguin Digital Inc., a New York-based mobile applications provider.

Pixable Inc.|SingTel Digital Life Pte Ltd.   

SingTel Digital Life Pte Ltd. of Singapore, a unit of Singapore Telecommunications Ltd, agreed to acquire the entire share capital of Pixable Inc., a New York-based provider of image software services, for an estimated $26.5 million in cash.

Cars.net|SMA Alliance Inc.          

SMA Alliance Inc. definitively agreed to acquire Cars.net, a Nashville- based provider of online advertising services.

Pasteuria Bioscience Inc.|Syngenta AG  

Syngenta AG agreed to acquire Pasteuria Bioscience Inc., an Alachua, Fla.-based biotechnology company, for $113 million in cash.

Astadia Inc.|The Gores Group LLC            

The Gores Group LLC acquired Astadia Inc., a Dallas-based provider of cloud consulting services, in a leveraged buyout transaction. Terms were not disclosed.

Aero-Instruments Co LLC|TransDigm Group Inc.

TransDigm Group Inc. acquired Aero-Instruments Co LLC, a Cleveland-based manufacturer of sensors and navigation equipment, for $35 million in cash.

The Carlyle Group LP|US Hotels Inc.    

US Hotels Inc. acquired the two boutique hotels of The Carlyle Group LP, a Washington-based private equity firm.

Campbell Soup-Tomato & Pepper|Vilmorin & Cie SA      

Vilmorin & Cie SA, a unit of Societe Cooperative Agricole Limagrain's Groupe Limagrain Holding SA subsidiary, acquired the tomato & pepper breeding business of Campbell Soup Co, a Camden, N.J.-based producer and wholesaler of soup and food products.

Newfield Exploration Co. Assets|W&T Offshore Inc.             

W&T Offshore Inc. agreed to acquire the non-strategic assets, located in the Gulf of Mexico, of Newfield Exploration Co., the Woodlands-based oil and gas exploration and production company, for $228 million. Originally, in February 2012, Newfield announced that it was seeking a buyer for its non-strategic assets.

R360 Environmental Solutions|Waste Connections Inc.  

Waste Connections Inc. agreed to acquire R360 Environmental Solutions Inc., a Houston-based provider of environmental oilfield waste management services, for an estimated $1.3 billion in cash.

Service Hotel Portfolio|Wheelock Street Capital LLC               

Wheelock Street Capital LLC acquired a portfolio of 12 asset select service hotels from Inland American Real Estate Trust Inc., an Oak Brook-based real estate investment trust, for an estimated $116 million.

Westerman Cos|Worthington Cylinders Corp.    

Worthington Cylinders Corp, a unit of Worthington Industries Inc., acquired Westerman Cos, a Bremen-based manufacturer of oil, gas and nuclear technical products, for $70 million.

A Bit Lucky Inc.|Zynga Inc.             

Zynga Inc .planned to acquire A Bit Lucky Inc., a San Mateo, Calif.-based provider of online social gaming services. Terms were not disclosed.

 

 

 

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