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ACG New York Women of Leadership - Entrepreneur Series
Barbara Bradley Baekgaard, founder of Vera Bradley (Nasdaq: VRA), is the latest in a series of entrepreneurs highlighted at ACG New York Women of Leadership events. Photo credit: Robert Blumenfeld

Watercooler

GTCR, Hormel, the Riverside Co-CEOs and Others Win M&A Mid-Market Awards
Amid a slow and challenging year for dealmaking, the winners of Mergers & Acquisitions’ 7th Annual M&A Mid-Market Awards outpaced the competition to grow, innovate and lead the middle market

Roundtable

Financial Services Companies Heat Up M&A Market
Speakers from Flexpoint Ford, Genstar Capital, Baird Capital, Madison Capital Funding and Katten Muchin Rosenman discuss the various factors playing a role in M&A activity within the financial services space

Expert's Corner

Pursuing Pharma Manufacturing
The fragmented pharmaceutical manufacturing industry provides plenty of opportunities for private equity investors, says JLL Partners founder Paul Levy

The Weekly Wrap

New plays from Nuance Communications and Smurfit Kappa Group; other recent deals listed here in alphabetical order according to buyer. Groupon bought Savored, which allows users to make online reservations and receive discounts at restaurants.

DigiPath Solutions LLC | AccelPath Inc      

AccelPath Inc, a wholly- owned unit of AccelPath LLC, acquired DigiPath Solutions LLC, a Spring-based provider of diagnostic imaging services, for $2.4 mil. The consideration was to consist of $1.35 mil in cash, an undisclosed amount of convertible preferred shares, and a $1.05 mil promissory note.

Phygen LLC-Certain Assets | Alphatec Spine Inc  

Alphatec Spine Inc, a unit of Alphatec Holdings Inc (Alphatec) signed Letter of Intent {LoI} to acquire the certain assets of Phygen LLC, an Irvine-based manufacturer and wholesaler of spinal surgery products, for $15. 2 mil in Alphatec third party common shares and cash.

Cadillac Jack Inc | Amaya Gaming Group Inc          

Amaya Gaming Group Inc of Canada, definitively agreed to acquire the entire share capital of Cadillac Jack Inc, a Duluth-based manufacturer and wholesaler of gaming machines, for an estimated $167 mil and the assumption of undisclosed amount in liabilities.

Lumbermens Casualty Ins Co | American Family Mutual Ins Co    

American Family Mutual Insurance Co agreed to acquire Lake Zurich-based Lumbermens Casualty Insurance Co, from Lumbermens Mutual Casualty Co, a unit of Muenchener Rueckversicherungs- Gesellschaft AG's {Munich Re} HSB Group Inc subsidiary. Concurrently, AF agreed to acquire PCG Holdings Corp.

PGC Holdings Corp | American Family Mutual Ins Co         

American Family Mutual Insurance Co (AF) agreed to acquire PGC Holdings Corp, a Nashville-based insurance holding company, from Capital Z Partners Ltd, a majority- owned unit of Zurich Insurance Group Ltd, for $239 mil. Concurrently, AF agreed to acquire Lumbermens Casualty Insurance Co, from Lumbermens Mutual Casualty Co.

Armstrong Holdings Inc-Cabinet | American Industrial Partners   

American Industrial Partners LP, a wholly-owned unit of American Industrial Partners Management Co Inc, definitively agreed to acquire the cabinets business of Armstrong Holdings Inc, a Lancaster-based manufacturer and wholesaler of flooring and building products, for $27 mil in cash.

Calloway Laboratories Inc | Ampersand Capital Partners 

Ampersand Capital Partners definitively agreed to acquire Calloway Laboratories Inc, a Woburn- based provider of toxicology laboratory services, in a leveraged buyout transaction.

McMoRan Expl Co-Oil,Gas Ppty | Arena Energy LP             

Arena Energy LP agreed to acquire the oil and gas properties located in Eugene Islands, from McMoRan Exploration Co, a New Orleans- based oil and gas exploration and production company, for $36.8 mil in cash and assumption of liabilities.

NewTech Drilling Products LLC | Atlas Copco Secoroc LLC

Atlas Copco Secoroc LLC, a unit of Atlas Copco AB's Atlas Copco Construction Mining Technique USA LLC, agreed to acquire NewTech Drilling Products LLC, a Salt Lake City-based manufacturer and wholesaler of drilling equipment.

Oklahoma Hunton assets | Atlas Resource Partners LP    

Atlas Resource Partners LP acquired a 50% interest in the Oklahoma Hunton assets from Equal Energy Ltd, a Calgary-based oil and gas exploration and production company, for $40 mil in cash.

PSS World Medical-Businesses | Beecken Petty O'Keefe & Co     

Beecken Petty O'Keefe & Co definitively agreed to acquire the skilled nursing and specialty dental business (business) of PSS World Medical Inc (PSS), a Jacksonville-based wholesaler of medical equipment, supplies and pharmaceuticals, for $68 mil in cash, in a leveraged buyout transaction. Originally, in May 2012, PSS announced that it was seeking a buyer for its business. Concurrently, PSS definitively agreed to acquire InfoLab Inc, ProLabs Inc and Physician Partners Inc.

CT Investment Management Co | Blackstone Group LP  

Blackstone Group LP definitively agreed to acquire CT Investment Management Co LLC, a New York-based provider of investment management services, from Capital Trust Inc (Capital), for $20 mil in cash, in a leveraged buyout transaction. Concurrently, Blackstone definitively agreed to acquire an 18.17% stake, or 5 mil new common shares, in Capital, a New York-based real estate investment trust, for $2 per share, or a total value of $10 mil, in a privately negotiated transaction.

Walbro Engine Management LLC | Carlyle Japan Partners II LP     

Carlyle Japan Partners II LP of Japan, a majority- owned subsidiary of The Carlyle Group LP, acquired the entire share capital of Walbro Engine Management LLC (Walbro), a Tucson-based manufacturer of carburetors, from Sun Capital Partners Inc (Sun) in a secondary buyout transaction. Terms were not disclosed. Previously, Sun acquired Walbro.

Focus Products Group Intl LLC | Centre Lane Partners LLC              

Centre Lane Partners LLC acquired Focus Products Group International LLC, a Lincolnshire-based manufacturer and wholesaler of kitchen wares and food service products, in a leveraged buyout transaction.

Phoenix Intl Freight Svcs Ltd | CH Robinson Worldwide Inc            

CH Robinson Worldwide Inc (CH) agreed to acquire Phoenix International Freight Services Ltd (Phoenix), a Wood Dale-based provider of international freight and customs broker services, for $635 mil. The consideration was to consist of $571.5 mil in cash and an estimated $63.5 mil in CH new common shares. Originally, In June 2012, Phoenix announced that it was seeking a buyer for the company. Panalpina Group of Switzerland, Kuehne & Nagel Inc of Switzerland, CH Robinson Worldwide Inc, United Parcel Service Inc, and Toll Holding Ltd of Australia and Korea Express Co Ltd of South Korea, were named potential acquirer.

Mformation Software Tech Inc | Clearlake Capital Group LP          

Clearlake Capital Group LP, a unit of Reservoir Capital Group LLC acquired Mformation Software Technologies Inc, an Edison- based developer of wireless device software, in a leveraged buyout transaction. Terms were not disclosed.

Paragon Biomedical Inc | Clinipace Worldwide Inc              

Clinipace Worldwide Inc acquired Paragon Biomedical Inc, an Irvine-based provider of clinical research services. Terms were not disclosed.

CognitiveTPG LLC|CognitiveTPG LLC SPV              

CognitiveTPG LLC SPV, a special purpose acquisition vehicle formed and led by Crofton Capital LLC, including DeltaPoint Capital Management LLC and Boston Harbor Capital Partners LLC, acquired CognitiveTPG LLC, an Ithaca-based manufacturer and wholesaler of point-of-sale transaction and barcode printers, in a leveraged buyout transaction. Terms were not disclosed.

A Z Nutrition LLC | Creative Edge Nutrition Inc     

Creative Edge Nutrition Inc acquired A Z Nutrition, a Phoenix-based wholesaler of vitamins and supplements.

Stoneway Electric Supply Inc | Crescent Electric Supply Co             

Crescent Electric Supply Co acquired Stoneway Electric Supply Inc, a Spokane-based wholesaler of electrical supplies.

T-Mobile USA Inc-Wireless | Crown Castle International 

Crown Castle International Corp was granted an option to acquire 7,200 Wireless broadcast towers of T-Mobile USA Inc, a Bellevue-based provider of wireless telecommunications services, and a unit of Deutsche Telekom AG, for an estimated $2.4 bil in cash.

Lafarge North Amer-Cert Cement | Eagle Materials Inc   

Eagle Materials Inc definitively agreed to acquire certain cement plant operations, located in Sugar Creek, Missouri and Tulsa, Oklahoma, of Lafarge North America Inc, a Reston-based manufacturer and wholesaler of cement and concrete products and a unit of Lafarge SA, for an estimated $446 mil in cash.

Earth Gen-Biofuel Inc | EarthBlock Technologies Inc         

EarthBlock Technologies Inc acquired the entire share capital of Earth Gen-Biofuel Inc, a Los Angeles-based manufacturer of biofuel, in exchange for 1. 484 mil EarthBlock common shares, valued at $0.004 mil, in a stock swap transaction. The shares were valued based on Earthblock's closing stock price of $. 003 on 24 September 2012, the last full trading day prior to the announcement.

EQAL Inc | Everyday Health Inc   

Everyday Health Inc acquired EQAL Inc, a Santa Monica-based provider of online motion picture production services. Terms were not disclosed.

First Investors Financial Svcs | FIFS Holdings Corp               

FIFS Holdings Corp, a unit of Aquiline Capital Partners LLC, definitively agreed to acquire the entire share capital of First Investors Financial Services Group Inc, a Houston-based provider of automobile financing services, for $13.87 in cash per share, or a total value of $81.989 mil.

Aqua Utilities Florida Inc | Florida Governmental Utility   

Florida Governmental Utility Authority, a unit of US state-owned Florida, planned to acquire Aqua Utilities Florida Inc, a Sarasota-based provider of water and wastewater services, from Aqua America Inc, for $95 mil.

Red Card Gaming-High Card Assets | Galaxy Gaming Inc      

Galaxy Gaming Inc acquired the High Card Flush assets of Red Card Gaming Inc, a Las Vegas-based manufacturer and wholesaler of casino games. Terms were not disclosed.

GIFTCARD.com | GiftCardLab      

GiftCardLab.com acquired 1-800-GIFTCARD.com, a Kansas- based seller of online gift cards. Terms were not disclosed.

Aqua Fill | Glacier Water Services Inc       

Glacier Water Services Inc. agreed to acquire Aqua Fill, an Oceanside-based owner and operator of water vending machines. Terms were not disclosed.

Savored | Groupon Inc   

Groupon Inc acquired Savored, a New York-based provider of yield management solutions for restaurants. Terms were not disclosed.

Pioneer Equipment Rental LLC   | Hertz Equipment Rental Corp    

Hertz Equipment Rental Corp, a wholly-owned unit of Hertz Global Holdings Inc, acquired Pioneer Equipment Rental LLC, a Ponca City- based provider of heavy equipment rental services.

Gold Coast Mining Corp | IGMR Corp       

International Gold Mining Reserve Corp (IGMR) signed a Letter of Intent (LOI) to acquire Gold Coast Mining Corp, a Boston-based mineral mining company.

Vistatek-Additive Mnfr Div | In'Tech Industries Inc            

In'Tech Industries Inc acquired the Additive Manufacturing Division of Vista Technologies LLC, a Vadnais Heights-based provider of prototyping and printing services.

SenaReider Inc | Interlex Communications Inc    

Interlex Communications Inc acquired SenaReider Inc, a Monterey-based provider of advertising agency services.

American Greetings Corp | Investor Group           

A management-led investor group, comprised of American Greetings Corp's (American) CEO Zev Weiss and President and COO Jeffrey Weiss, planned to launch a tender offer to acquire the remaining 92.05% interest, or 30.947 mil Class A common shares and 0.172 mil Class B common shares, which it did not already own, in American, a Cleveland-based publisher of greeting cards gift wrappers, party goods, candles, stationery, calendars, educational products, ornaments and electronic greeting cards, for $17.18 in cash per share, or a total value of $534.61 mil, in a leveraged buyout transaction.

Centerplate Inc | Investor Group              

A management-led investor group, including Centerplate Inc CEO Des Hague and Olympus Partners LP acquired Centerplate Inc, a Spartanburg-based provider of catering and concession services, from Kohlberg & Co LLC.

Medical Office Buildings(3) | Investor Group        

An investor group, composed of Griffin-American Healthcare REIT II, American Healthcare Investors LLC, and Griffin Capital Corp, acquired 3 medical office buildings for $59.6 mil in cash.

No Limits LLC | K-MAC Holdings Corp       

K-MAC Holdings Corp, a unit of Brentwood Associates Inc, acquired No Limits LLC, a Farmington-based owner and operator of fast food restaurants.

Krumme & Brock Invest Svcs LLC | MainSource Bank        

MainSource Bank, a unit of Mainsource Financial Group Inc, acquired Krumme & Brock Investment Services LLC, a Seymour-based provider of investment management services.

CNS Therapeutics Inc | Mallinckrodt Inc  

Mallinckrodt Inc, a wholly-owned subsidiary of Covidien PLC, agreed to acquire all the outstanding stock of CNS Therapeutics Inc, St Paul-based pharmaceutical manufacturing company, for $100 mil in cash.

Physicians Formula Holdings | Markwins International Corp          

Markwins International Corp definitively agreed to acquire the entire share capital of Physicians Formula Holdings Inc, an Azusa-based manufacturer and wholesaler of cosmetic products, for $4.9 in cash per share, or a total value of $67.192 mil.

FrogPad Inc | Massive Dynamics Inc         

Massive Dynamics Inc agreed to acquire FrogPad Inc, a Houston-based manufacturer single-handed portable keyboard products.

Videocourier-Social Media | Media Sentiment Inc             

Media Sentiment Inc, a unit of Debut Broadcasting Corp Inc, acquired the social media video curation technology of Videocourier. com, a provider of internet video services.

SpeedFC Inc | Navarre Corp         

Navarre Corp definitively agreed to acquire SpeedFC Inc, a Dallas- based provider of e-commerce services, for $63.764 mil. The consideration was to consist of $25 mil in cash, 17.1 mil Navarre common shares valued at $24.111 mil, and up to $14.653 mil in profit-related payments. The shares were valued based on Navarres closing stock price of $1.41 on 26 September 2012, the last full trading day prior to the announcement.

QuadraMed Corp-Quantim | Nuance Communications Inc            

Nuance Communications Inc definitively agreed to acquire Quantim from QuadraMed Corp, a Reston- based provider of healthcare information technology services, and a unit of Francisco Partners Management LLC.

Dallas Medical Center | Prime Healthcare Services Inc     

Prime Healthcare Services acquired Dallas Medical Center, a provider of inbound and outbound healthcare services. Terms were not disclosed.

Innotek Powder Coatings-Assets | Protech/Oxyplast Group Inc  

Protech/Oxyplast Group Inc acquired Innotek Powder Coatings-Powder coating business and mnfg assets, a Big Spring-based powder coating business and manufacturing assets of Innotek Powder Coatings, for $3 mil.

The Hartford Finl-Life Ins Bus | Prudential Financial Inc    

Prudential Financial Inc definitively agreed to acquire the individual life insurance business of The Hartford Financial Services Group Inc, a Hartford-based provider of insurance and investment services, for $615 mil in cash.

Indeed Inc | Recruit Co Ltd           

Recruit Co Ltd of Japan agreed to acquire Indeed Inc, a Stamford-based provider of online search engine services. Terms were not disclosed.

My HSA Rewards | Retail Benefits Inc      

Retail Benefits acquired My HSA Rewards, a Florida- based provider of online incentive services.

Pleasanton Marriott | Rockwood Real Estate Advisors     

Rockwood Real Estate Advisors acquired Pleasanton Marriott, a Pleasanton-based hotel, for $13mil.

Synta Inc | Rust-Oleum Corp       

Rust-Oleum Corp acquired Synta Inc, a Clarkston-based company that operates as a producer and marketer of innovative exterior wood deck and concrete restoration systems.

Thomson Property Tax Services | Ryan LLC           

Ryan LLC agreed to acquire Thomson Property Tax Services, a New York-based provider of property tax and consulting services, from Thomson Reuters Corp, a unit of Woodbridge Co ltd. Terms were not disclosed.

Union Drilling Inc | Sidewinder Drilling Inc              

Sidewinder Drilling Inc, a unit of Avista Capital Holdings LP, through its Fastball Acquisition Inc subsidiary, definitively agreed to acquire the entire share capital of Union Drilling Inc (Union), a Fort Worth-based provider of contract land drilling services, via tender offer, for $6.5 in cash per share, or a total value of $139. 352 mil. The offer was conditioned upon at least 67. 2% of Union shares being tendered.

Orange County Container Group | Smurfit Kappa Group PLC        

Smurfit Kappa Group plc of Ireland agreed to acquire Orange County Container Group LLC, a City of Industry-based manufacturer of packaging products, for $340 mil in cash.

Title Technologies Inc | Solera Holdings Inc           

Solera Holdings Inc, through an undisclosed subsidiary, acquired Title Technologies Inc, a Dallas- based software development company.

Alteris Inc | Sonoma Risk Insurance Agency          

Alteris Inc, a wholly owned subsidiary of Argo Group International Holdings Ltd, acquired Sonoma Risk Insurance Agency, a Los Angeles-based provider of litigation insurance services.

Self Storage Facilities,GA(9) | Sovran Self Storage Inc       

Sovran Self Storage Inc, a Buffalo-based real estate investment trust, acquired nine self storage facilities, for $54.7 mil.

Undisclosed Warehouse(2) | STAG Industrial Inc

STAG Industrial Inc acquired two undisclosed warehouse and distribution facilities, located in Greenville, South Carolina, for an estimated $26 mil.

Dexter Axle Co | Sterling Group Partners III LP    

Sterling Group Partners III LP, a unit of The Sterling Group, agreed to acquire the entire share capital of Dexter Axle Co, an East Elkhart-based manufacturer of axles and other equipment, from Tomkins PLC, a unit of Onex Corp and Canadian state-owned Canada Pension Plan Investment Board, for $360 mil.

Tandus Group Inc | Tarkett Enterprises Inc

Tarkett Enterprises Inc, a unit of Tarkett SA subdisidiary of Kohlberg Kravis Roberts & Co LPs Societe d'Investissement Familiale SA unit, planned to acquire Tandus Group Inc, a Dalton-based manufactures and wholesales floor covering products, from Oaktree Capital Management LP and Bank of America Corp's Global Principal Investments Group. Kohlberg Kravis Roberts & Co LP was a unit of KKR & Co LP.

Sealy Corp | Tempur-Pedic International Inc        

Tempur-Pedic International Inc definitively agreed to acquire the entire share capital of Sealy Corp, a Trinity-based manufacturer and wholesaler of mattresses and foundation, for $2.2 in cash per share, or a total value of $1.530 bil, including the assumption of $1.3 bil in liabilities.

GoMiles LLC | Traxo LLC 

Traxo LLC acquired GoMiles LLC, a Seattle-based provider of application services. Terms were not disclosed.

National Wind LLC | Trishe Wind Energy Inc          

Trishe Wind Energy Inc acquired National Wind LLC, a Minneapolis-based provider of electric utility services.

Bakken/3 Forks Asset Package | US Energy Corp

US Energy Corp agreed to acquire the Bakken/Three Forks asset package, an oil and gas producing asset, located in North Dakota, for $2.5 mil.

Village Voice Media Inc | Voice Media Group       

Voice Media Group acquired Village Voice Media Inc (Village Voice Media), a Phoenix-based publisher of magazines, from GS Capital Partners III LP (GS), a unit of GS Capital Partners LP subsidiary of Goldman Sachs Group Inc's Goldman Sachs & Co unit, and Trimaran Capital Partners LLC (Trimaran). Originally, GS and Trimaran was seeking a buyer for their minority stake in Village Voice Media.

JBHM Education Group LLC | Weld North LLC       

Weld North LLC acquired JBHM Education Group LLC, a Jackson-based provider of educational services. Terms were not disclosed.

Walgreen Co-Retail Stores(5) | WP Carey & Co LLC            

WP Carey & Co LLC acquired the 5 retail stores of Walgreen Co, a Deerfield- based owner and operator of drug stores, for an estimated $25 mil.

 

 

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