The Weekly Wrap: Belkin, Riverside Co., Starwood Property

Belkin purchases Linksys; Riverside buys Alchemy Systems; and Starwood Property acquires LNR

Target Name | Acquirer

MAP Pharmaceuticals Inc | Allergan Inc

Allergan Inc definitively agreed to acquire the entire share capital of MAP Pharmaceuticals Inc (MAP), a Mountain View-based manufacturer of pharmaceuticals, for $ 25 in cash per share, or a total value of $ 882.177, via a tender offer. The offer was conditioned upon at least a majority of MAP's shares being tendered.

Sequoia Insurance Co | AmTrust Financial Services Inc   

AmTrust Financial Services Inc definitively agreed to acquire Sequoia Insurance Co, a Monterey- based provider of insurance services, from Strongwood Insurance Holdings Corp, for an estimated $ 60 mil. The transaction was to include Sequoia Indemnity Co and Personal Express Insurance Co.

Allied Wireless Commun Corp-Do | AT&T Inc     

AT&T Inc definitively agreed to acquire the domestic retail wireless business of Allied Wireless Communications Corp, a Little Rock-based provider of wireless telecommunications services, from Atlantic Tele- Network Inc, for an estimated $ 780 mil in cash.

Simperium Inc | Automattic Inc

Automattic Inc acquired Simperium Inc, a developer of mobile application software.

Cine Latino Inc | Azteca Acquisition Corp

Azteca Acquisition Corp (Azteca) definitively agreed to merge with Cine Latino Inc (Cine), a Coral Gables-based provider of Spanish cable network services, from InterMedia Partners LP, in exchange for an estimated $ 400 mil in Azteca common shares, in a stock swap transaction. Concurrently, Azteca definitively agreed to merge with InterMedia Espanol Holdings LLC (IEH) in a three- way merger transaction. The two transactions were to have a combined value of $ 400 mil. Upon completion, the merged entity was to be named Hemisphere Media Group Inc (HMG), and Azteca, Cine, and IEH were to own 27%, and 36.5% each of HMG, respectively.

Inspiration Biopharma-Assets | Baxter International Inc               

Baxter International Inc agreed to acquire the hemophilia assets (assets) of Inspiration BioPharmaceuticals Inc, a Cambridge-based biopharmaceutical company, for $ 70 mil. The consideration was to consist of $ 50 mil and up to $ 20 mil in profit-related payments. The transaction was to include certain other OBI- 1 related assets, including manufacturing operations, from Ipsen Pharma SAS. Originally, in October 2012, Inspiration Biopharmaceuticals Inc, a Cambridge-based biopharmaceutical company was seeking a buyer for its assets.

Cisco-Home Networking Bus | Belkin International Inc  

Belkin International Inc agreed to acquire the home networking business of Cisco Systems Inc, a San Jose-based manufacturer and wholesaler of networking and communications products. Terms were not disclosed.

Linksys Inc | Belkin International Inc       

Belkin International Inc agreed to acquire Linksys Inc (Linksys), an Irvine-based manufacturer of wireless router products and a unit of Cisco Systems Inc (Cisco). Terms were not disclosed. Originally, in December 2012, Cisco was rumored to be seeking a buyer for its Linksys unit.

Garrapata Water System | California American Water Co             

California American Water Co, a unit of RWE AGs American Water Works Co Inc subsidiary, planned to acquire Garrapata Water System, a provider of water utility and wastewater services.

FourStar Microbial Products | Central Garden & Pet Co 

Central Garden & Pet Co acquired a remaining interest, which it did not already own, in FourStar Microbial Products LLC, a manufacturer of active ingredients.

Nedak Ethanol-Ethanol Plant | Choice Ethanol Hldg of Fargo       

Choice Ethanol Holding of Fargo acquired an ethanol plant from Nedak Ethanol LLC, an Atkinson-based owner and operator of ethanol plants, for $ 22 mil.

Kugler Co-K-Stores,Nebraska(5) | Colorado Retail Ventures Svcs              

Colorado Retail Ventures Services LLC (Colorado) acquired the 5 K-stores, located in Nebraska, of Kugler Co, a Mccook-based manufacturer and wholesaler of liquid fertilizer products. Terms were not disclosed. Upon completion, K-stores will be renamed Eagle Travel Stops & Convenience Stores. Originally, In January 2013, Colorado was rumored to be planning to acquire 5 K- stores.

DRX | Connecture Inc   

Connecture Inc acquired DRX, a Los Angeles-based provider of healthcare technology services. Terms were not disclosed.

Education Holdings 1 Inc | Creditors       

Education Holdings 1 Inc (EH1), a Framingham, -based provider of test preparation services, planned to a debt restructuring transaction with Creditors (CRs). Upon completion, CRs were to hold 100% interest in the restructured EH1. The book value of the existing debt that will be exchanged under the terms of the offer is $ 168.8 mil.

Webtech Wireless Inc-NextBus | Cubic Transp Sys Inc   

Cubic Transportation Systems Inc, a unit of Cubic Corp, acquired the NextBus division of Webtech Wireless Inc, a Burnaby-based manufacturer of GPS tracking solutions, for $ 20.75 mil in cash.

Lysse Leggings | E&A Industries Inc        

E&A Industries Inc acquired Lysse Leggings, a New York-based manufacturer, wholesaler, and retailer of womens apparel. Terms were not disclosed.

Elmhurst Memorial Healthcare | Edward Hospital & Health          

Edward Hospital & Health Services merged with Elmhurst Memorial Healthcare, an Elmhurst-based provider of medical and health services.

Tapestry Asset Management LP | Equinox Financial Group LLC  

Equinox Financial Group LLC acquired Tapestry Asset Management LP, a Princeton- based advisory firm. Terms were not disclosed.

Lascaux Co Inc | Etsy Inc              

Etsy Inc acquired Lascaux Co Inc, a new York- based developer of mobile application software. Terms were not disclosed.

Crestview Village Shopping | Evergreen Co         

Evergreen Co acquired Crestview Village Shopping Center, a Carmichael-based owner and operator of shopping center, from Richard Holesapple, for an estimated $ 20 mil.

PGT Inc-Manufacturing Facility  Gildan Activewear Inc

Gildan Activewear Inc of Canada acquired a manufacturing facility, located in North Carolina, from PGT Inc, a North Venice- based manufacturer and wholesaler of windows and doors, for an estimated $ 8 mil in cash.

Beam Mode Optronics LLC | Hao Wei Holdings(Cayman)Co Ltd  

Hao Wei Holdings (Cayman) Co Ltd of Taiwan, a 90%- owned unit of Chang Wah Electronmaterials Inc (Chang Wah) of Taiwan, planned to acquire a 94.685% interest, or 21.013 mil shares in Beam Mode Optronics LLC, a manufacturer and wholesaler of electronic components and a 99.945%-owned unit of Chang Wah, from Chang Wah.

iTech for business | Hargray Communications Group

Hargray Communications Group, a unit of Quadrangle Group LLC, agreed to acquire iTech for business, a Savannah-based provider of information technology services, and a unit of Schneider National Incs Schneider Logistics Inc unit. Terms were not disclosed.

NAC International Inc | Hitz Holdings USA Inc     

Hitz Holdings USA Inc, a unit of Hitachi Zosen Corp of Japan, agreed to acquire the entire share capital of NAC International Inc, a Norcross- based provider of energy consulting services, from USEC Inc, for $ 45 mil in cash.

Davidson Mortgage Services Inc  | Homeowners Mortgage Corp              

Homeowners Mortgage Corp, a wholly-owned unit of FSF Financial Corp, acquired Davidson Mortgage Services Inc, a Lexington-based mortgage bank.

Continental Industries Inc | Hubbell Inc

Hubbell Inc acquired Continental Industries Inc, a Tulsa-based manufacturer of gas and propane connectors.

Imaginetics Inc | Imaginetics Inc SPV      

Imaginetics Inc SPV, a special purpose acquisition vehicle formed by Kidd & Co LLC and Centerfield Capital Partners LP, acquired Imaginetics Inc, an Auburn- based manufacturer of precision metal equipment, in a leveraged buyout transaction.

iPenMD Solution | iMedicor Inc

iMedicor Inc acquired iPenMD Solution, a San Antonio-based provider of information retrieval services.

GroSocial | Infusionsoft Inc        

Infusionsoft Inc acquired GroSocial, a developer of software.

SRG Inc | InterCore Energy Inc  

InterCore Energy Inc (InterCore) acquired the entire share capital of SRG Inc, a New York-based developer of proprietary alertness detection technologies solutions software, in exchange for 80% interest of InterCore's preferred stock.

Rayonier Inc-Wood Products Bus | International Forest Prod Ltd              

International Forest Products Ltd of Canada agreed to acquire wood products business of Rayonier Inc, a Jacksonville-based manufacturer of logs, timber, and wood products, for $ 80 mil.

Esmark Technologies LLC | Investor Group          

An investor group comprised of Bouchard Group LLC (40%) and Stahlschmidt Inc (60%) acquired Esmark Technologies LLC, a Sewickley- based provider of technical consulting services, from Esmark Inc, a unit of OAO "Severstal". Terms were not disclosed.

Radisson Resort Hotel Orlando | Investor Group              

An investor group, comprising Interstate Hotels & Resorts Inc, a unit of a joint venture between Thayer Lodging Group and Jinjiang Hotels, Waramaug Hospitality LLC and an undisclosed private investment group, acquired Radisson Resort Hotel Orlando-Celebration, a Kissimmee-based owner and operator of hotel and resort, in the formation of a joint venture.

Carl's Patio Inc | Investor Group               

An investor group, led by Paul Otowchits and comprised of Weinberg & Bell Group Inc, acquired Carls Patio Inc, a Coconut Creek- based owner and operator of furniture stores, in a leveraged buyout transaction.

Datastore LLC | Iron Mountain Inc           

Iron Mountain Inc (Iron Mountain) acquired Datastore LLC, a Milwaukee-based provider of document management services, from Coakley Brothers Co. Concurrently, Iron Mountain acquired Data Technology Services Inc.

Data Technology Services Inc | Iron Mountain Inc            

Iron Mountain Inc (Iron Mountain) acquired Data Technology Services Inc, a Wilmington-based provider of document management services. Concurrently Iron Mountain acquired Datastore LLC.

Pritchard Osborne LLC | Kerber Eck & Braeckel LLP          

Kerber Eck & Braeckel LLP merged with Pritchard Osborne LLC, a St Louis-based provider of accounting services.

Volition Inc | Koch Media GmbH              

Koch Media GmbH acquired Volition Inc, a Champaign- based developer of video games, from THQ Inc, for $ 22.3 mil.

MilesTek Corp | L-com Inc          

L-com Inc, a unit of Odyssey Investment Partners LLC, acquired MilesTek Corp, a Denton-based manufacturer and wholesaler of specialized products.

Hester Capital Management LLC               | Luther King Capital Mgmt Corp

Luther King Capital Management Corp acquired Hester Capital Management LLC, an Austin-based provider of investment advisory services. Terms were not disclosed.

Beam Inc-Brands | Luxco Inc      

Luxco Inc definitively agreed to acquire the collection of brands of Beam Inc, a Deerfield-based producer and wholesaler of liquor and spirits, for an estimated $ 65 mil/

Universal Health Care-Assets | MBF Healthcare Partners LP

MBF Healthcare Partners LP signed a Letter of Intent {LoI} to acquire the certain assets of Universal Health Care Group Inc, a St. Petersburg-based provider of health insurance services, in a leveraged buyout transaction.

Akamai Technologies Inc-Bus | MediaMath Inc 

MediaMath Inc acquired the Advertising Decision Solutions business of Akamai Technologies Inc, a Cambridge- based provider of internet acceleration services. Terms were not disclosed.

Spectacular Design Group LLC | Metromedia Technologies Inc

Metromedia Technologies Inc acquired Spectacular Design Group LLC, a New York- based provider of digital advertising services.

Terramonte Apartments,Pomona | MG Properties Group           

MG Properties Group acquired the Terramonte Apartments, a Pomona-based owner and operated of an apartment community, for $ 19.25 mil. Concurrently, MG acquired Waterstone Apartments.

Investor Force Holdings Inc | MSCI Inc  

MSCI Inc definitively agreed to acquire Investor Force Holdings Inc, a Conshohocken-based developer of institutional investment software, from ICG Group Inc, for $ 23.5 mil in cash.

BitSec Global Forensics Inc | NDI              

Network Designs Inc merged with BitSec Global Forensics Inc, a Augusta- based provider of cyber security services. Terms were not disclosed.

Clearly Chemical Corp | Nufarm Ltd        

Nufarm Ltd of Australia acquired Clearly Chemical Corp, a Dayton-based manufacturer of plant protection and insecticide products, for an estimated $ 10 mil.

Ashford Park,Atlanta,Georgia | Preferred Apartment    

Preferred Apartment Communities Inc (Preferred) acquired Ashford Park, an Atlanta-based owner and operator of apartment buildings, for an estimated $ 39.4 mil including assumption of $ 38.8 mil in liabilities. Concurrently, Preferred acquired McNeil Ranch for an estimated $ 21 mil and Lake Cameron for an estimated $ 30.4 mil.

McNeil Ranch,Austin,Texas | Preferred Apartment        

Preferred Apartment Communities Inc (Preferred) acquired McNeil Ranch, an Austin-based owner and operator of apartment buildings, for an estimated $ 21 mil including assumption of $ 13.4 mil in liabilities. Concurrently, Preferred acquired Ashford Park for an estimated $ 39. 4 mil and Lake Cameron for an estimated $ 30.4 mil.

Lake Cameron,Apex | Preferred Apartment      

Preferred Apartment Communities Inc (Preferred) acquired Lake Cameron, an Apex-based owner and operator of apartment buildings, for an estimated $ 30.4 mil including assumption of $ 17.5 mil in liabilities. Concurrently, Preferred acquired McNeil Ranch for an estimated $ 21 mil and Ashford Park for an estimated $ 39.4 mil.

Molecular Insight Pharm Inc | Progenics Pharmaceuticals Inc

Progenics Pharmaceuticals Inc (Progenics) acquired the entire share capital of Molecular Insight Pharmaceuticals Inc, a Cambridgebased manufacturer of pharmaceuticals, for $ 12.922 mil. The consideration consisted of the issuance of 4.566 mil Progenics common shares, valued at an estimated $ 12.922 mil, and an undisclosed amount in profit-related payments. The shares were valued based on Progenics' closing stock price of $ 2.83 on 21 January 2013, the last full trading day prior to the announcement.

ODIN Technologies Inc | Quake Global Inc           

Quake Global Inc acquired ODIN Technologies Inc, an Ahsburn-based developer of RFID solutions software.

Terresolve Technologies Ltd | Radiator Specialty Co        

Radiator Specialty Co acquired Terresolve Technologies Ltd, a Mentor- based manufacturer of chemicals.

Citigroup Trust-Delaware NA | Reliance Financial Corp   

Reliance Financial Corp agreed to acquire Citigroup Trust-Delaware NA a provider of commercial banking services, from Citibank NA, a wholly-owned unit of Citigroup Inc. Terms were not disclosed.

KIVA Designs Inc-Brands  | RG Barry Corp            

RG Barry Corp planned to acquire the outdoor niche brands of KIVA Designs Inc, a Benicia-based manufacturer and wholesaler of luggage and travel bags. Terms were not disclosed.

Alchemy Systems LP | Riverside Co        

Riverside Co acquired Alchemy Systems LP, headquartered in Austin, Texas, US, is a developer of training solutions software, in a leveraged buyout transaction. Terms were not disclosed.

Canyon Copper Corp-Moonlight               | Sandfield Resources Ltd

Sandfield Resources Ltd (Sandfield) of Canada was granted an option to acquire a 60% interest in Moonlight Copper-Porphyry Property (Moonlight Copper), located in Plumas County, California of Canyon Copper Corp, a Vancouver-based copper mining company, for $ 1.975 mil. The consideration was to consist of $ 1.975 mil and the issuance of 3 mil Sandfield stock. Concurrently, Sandfield was granted an option to raise its interest to 70% from 60%, by acquiring a 10% stake in Moonlight Copper.

Stratix Corp-Software Division | ServicePower Technologies PLC              

ServicePower Technologies PLC of the UK, acquired the software division & Field Service Mobile software of Stratix Corp, a Norcross-based provider of managed mobile services. The transaction included the mobile application development team, intellectual property and existing field service software contracts.

SignalShare LLC | SignalPoint Communications  

SignalPoint Communications Corp acquired SignalShare LLC, a Raleigh- based provider of wireless internet services.

Argo Systems Inc | SintecMedia Ltd       

SintecMedia Ltd acquired Argo Systems Inc, an Atlanta- based developer of business solutions software.

Cole Credit Property Trust II | Spirit Realty Capital Inc

Spirit Realty Capital Inc (Spirit Realty) definitively agreed to acquire the entire share capital of Cole Credit Property Trust II Inc (CCPT), a Phoenix-based real estate investment trust, in a stock swap reverse takeover transaction, valued at $ 1. 961 bil. Spirit Realty offered 0.525 share per CCPT share held. Based on Spirit Realty's closing stock price of $ 17.82 on 18 January 2013, the last full trading day prior to the announcement, each CCPT share was valued at $ 9.356. Upon completion, Spirit Realty and CCPT shareholders were to own 43. 539% and 56.461%, respectively.

LNR Property LLC | Starwood Property Trust Inc               

Starwood Property Trust Inc definitively agreed to acquire LNR Property LLC, a Miami Beach-based provider of real estate investment and management services, from Vornado Realty Trust, iStar Financial Inc, Cerebrus, and Oaktree Capital Management LP, for $ 1.053 bil in cash. The transaction was to include acquisition of LNR's US Commercial Property Group and LNR's 50% interest in Auction.com. Originally, in October 2012, LNR Property LLC was rumored to be seeking a buyer for the company. Rialto Capital Management, Starwood Capital Group and Cantor Fitzgerald were named rumored bidders.

AVL Digital Group | Stephens Group Inc               

Stephens Group Inc acquired AVL Digital Group, a Pennsauken-based publishing company, from Corinthian Capital Group LLC, in a leveraged buyout transaction. Terms were not disclosed.

Hyatt Hotels Corp-Hotels(3) | Summit Hotel Properties Inc

Summit Hotel Properties Inc (Summit) acquired a portfolio of three hotels from Hyatt Hotels Corp, a Chicago-based owner and operator of hotels, for $ 36.1 mil. Concurrently, Summit divested its AmericInn Hotel unit, for $ 2.6 mil.

Eze Castle Software LLC | TPG Capital LP              

TPG Capital LP (TPG) definitively agreed to Eze Castle Software LLC (Eze), Boston-based developer of investment and trade order management software, from ConvergEx Inc (Con) a unit of ConvergEx Holdings LLC's BNY ConvergEx Group LLC unit, in a leveraged buyout transaction. Terms were not disclosed. Originally, Con was rumored to be seeking a buyer for its Eze unit. Terms were not disclosed but, according to sources close to the situation, the deal was valued at an estimated $ 1 bil. KKR, TPG and Advent International were named potential bidders. Concurrently, TPG definitively agreed to acquire RealTick LLC.

RealTick LLC | TPG Capital LP      

TPG Capital LP (TPG) definitively agreed to acquire RealTick LLC, a Chicago-based developer of financial application software, from BNY ConvergEx Group LLC, a unit of ConvergEx Holdings LLC, in a leveraged buyout transaction. Terms were not disclosed. Concurrently, TPG definitively agreed to acquire Eze Castle Software LLC.

GridIron Systems Inc | Violin Memory Inc            

Violin Memory Inc acquired GridIron Systems Inc, a Sunnyvale-based provider of hardware and software solutions. Terms were not disclosed.

Element Energy Inc | Volterra Semiconductor Corp         

Volterra Semiconductor Corp acquired Element Energy Inc, a Los Altos-based manufacturer of system control chips.

Aetna Inc-Missouri Medicaid | Wellcare Health Plans Inc              

WellCare Health Plans Inc agreed to acquire the Missouri Medicaid business of Aetna Inc, a Hartford-based provider of HMO services. Terms were not disclosed.


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