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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 Thoma Bravo, Dole and Bayer; other recent deals listed here in alphabetical order according to buyer

Target | Acquirer                                                                                                                                                                              Synopsis

Digital Documents LLC | ABBYY USA Software House Inc.

ABBYY USA Software House Inc., a unit of ABBYY Software House Group, acquired Digital Documents LLC, a Vienna-based developer and wholesaler of prepackaged software specializing on document capture, recognition and retrieval technologies for the healthcare, education, government, financial services and retail markets.

Family Dollar Store,SC | Agree Realty Corp.

Agree Realty Corp acquired Family Dollar Store, a Spartanburg-based owner and operator of single tenant property, for an estimated $5.25 million. The transaction was to include USAA Financial Services Center in Jacksonville, North Carolina and AutoZone store in Springfield, Illinois.

FastSoft Inc. | Akamai Technologies Inc.

Akamai Technologies Inc. agreed to acquire FastSoft Inc., a Pasadena-based provider of internet speed software. Terms were not disclosed.

USA Mobile Crane LLC | Allegiance Crane & Equipment LLC

Allegiance Crane & Equipment LLC, a unit of Prophet Equity LP, acquired USA Mobile Crane LLC, a Corpus Christi-based provider of crane and equipment services.

RivalEdge | ALM Media Properties LLC

ALM Media Properties LLC acquired RivalEdge, a Saratoga-based provider of online legal information.

Tyndall Air Force Base-Civil | Alutiiq 3SG LLC

Alutiiq 3SG LLC, a unit of Afognak Native Corp, acquired the Civil Engineering Base Operations Support of Tyndall Air Force Base, a Panama City-based provider civil engineering services.

CVS Pharmacy Inc-Pharmacies | American Rlty Capital Ppty Inc.

American Realty Capital Properties Inc. planned to acquire three CVS pharmacies, located in Alpharetta and Vidalia, Georgia, and Nashville, Tennessee, of CVS Pharmacy Inc, a Woonsocket- based based owner and operator of drug stores, and a unit of CVS Caremark Corp.

Starrpoint Commercial Partners | Avison Young (Canada) Inc.

Avison Young (Canada) Inc. of Canada acquired Starrpoint Commercial Partners Inc, a Santa Monica- based real estate brokerage firm. Terms were not disclosed.

Teva Animal Health Inc | Bayer HealthCare LLC

Bayer HealthCare LLC, a majority-owned unit of Bayer AG's Bayer Healthcare AG subsidiary, agreed to acquire Teva Animal Health Inc, a Saint Joseph-based manufacturer and wholesaler of animal health products, from Teva Pharmaceutical Industries Ltd, for an estimated $145 million. The consideration was to consist of $60 million and up to $85 million in profit-related payments.

Juniper Communities-Facilities | Care Investment Trust Inc.

Care Investment Trust Inc. definitively agreed to acquire the portfolio of seven senior housing facilities, located in New Jersey, Pennsylvania and Colorado, of Juniper Communities LLC, a Bloomfield- based owner and operator of senior care facilities, for $106.5 million.

Economic Modeling Specialists | CareerBuilder LLC

CareerBuilder LLC, a unit of Gannett Co Inc., acquired Economic Modeling Specialists Inc, a Moscow- based developer of web-based economic software, from Tregaron Capital Co LLC.

Arista Power Inc-Mobile Casella Waste Systems Inc.

Casella Waste Systems Inc acquired the Mobile Renewable Power Station of Arista Power Inc, a Rochester- based developer, manufacturer and wholesaler of renewable energy power management.

Chesapeake Energy-Assets | Chevron USA Inc.

Chevron USA Inc., a unit of Chevron Corp, agreed to acquire the northern Permian Basin assets, located in New Mexico, of Chesapeake Energy Corp (CE), an Oklahoma City-based oil and gas exploration and production company. Terms were not disclosed. Concurrently, SWEPI LP and EnerVest Ltd agreed to acquire the Permian Basin southern Delaware portion and the Permian Basin Midland portion assets, respectively, of CE.

NetMotion Wireless Inc | Clearlake Capital Group LP

Clearlake Capital Group LP, a unit of Reservoir Capital Group LLC, acquired NetMotion Wireless Inc, a Seattle-based developer of wireless communication software, in a leveraged buyout transaction. Terms were not disclosed.

Skylink Ltd | DirectSat USA LLC

DirectSat USA LLC, a unit of UniTek Global Services Inc., agreed to acquire assets from Skylink Ltd., a Findlay-based provider of fulfillment installation services, for $23.5 mil. The consideration was to consist of $14 million in cash and up to $9.5 million profit- related payments.

Hudson Global Group LLC | Draftfcb Inc.

Draftfcb Inc., a unit of Interpublic Group of Cos Inc., acquired Hudson Global Group LLC, a Tarrytown-based provider of pharmaceutical marketing services. Terms were not disclosed.

Chesapeake Energy-Permian Ppty | EnerVest Ltd.

EnerVest Ltd. agreed to acquire the Permian Basin Midland portion (Permian Basin) assets of Chesapeake Energy Corp., an Oklahoma City-based oil and gas exploration and production company. Concurrently, SWEPI LP and Chevron USA Inc agreed to acquire the southern and northern portion of Permian Basin of Chesapeake. Originally, in August 2012, Chesapeake announced that it was seeking a buyer for its Permian Basin properties.

Jordan Technologies Inc Flare | Industries Inc.

Flare Industries Inc. acquired Jordan Technologies Inc., a Louisville-based manufacturer and wholesaler of vapor recovery units.

Frontier Income & Growth LLC | Frontier Oilfield Services Inc.

Frontier Oilfield Services Inc. (FOS) agreed to acquire the remaining 49% stake, which it did not already own, in Frontier Income & Growth LLC, a Dallas- based oil and gas exploration and production company, in exchange for 1.87 million FOS restricted common shares.

Phoenix Well Services LLC | FTS International LLC

FTS International LLC acquired Phoenix Well Services LLC, a Burbank-based wireline services.

Open Kernel Labs Inc. | General Dynamics Corp.

General Dynamics Corp. acquired Open Kernel Labs Inc., a Chicago-based developer of virtualization software, for an undisclosed amount in cash.

North Mississippi Hospice | Gentiva Health Services Inc.

Gentiva Health Services Inc. acquired North Mississippi Hospice, an Oxford-based provider of hospice healthcare services.

Global Cell Phone Buyers | GTSO Resources Inc.

GTSO Resources Inc., a unit of Green Technology Solutions Inc. signed a Letter of Intent to acquire Global Cell Phone Buyers, a Brooklyn-based wholesaler of recycled electronic parts.

Engent Inc. | HB Fuller Co.

HB Fuller Co acquired Engent Inc., a Norcross-based provider of electronic manufacturing, research and development services.

Appalachian Water Services LLC | Heckmann Corp.

Heckmann Corp. acquired a majority interest in Appalachian Water Services LLC, a Fayette County-based owner and operator of a wastewater treatment facility, from Shallenberger Construction Inc. Terms were not disclosed.

Marsh BPO | Infosys BPO Ltd.

Infosys BPO Ltd of India, a unit of Infosys Ltd., planned to acquire Marsh BPO, a Des Moines-based provider of business process outsourcing services, from Marsh & McLennan Cos Inc. Terms were not disclosed. The transaction was to include the claims processing, call center, and accounting unit of Marsh.

Dole-Packaged Foods Business | Itochu Corp

Itochu Corp of Japan, through a newly-formed wholly- owned subsidiary, planned to acquire the packaged foods business of Dole Food Co Inc, a Westlake Village-based owner and operator of fruit and vegetable farms. Terms were not disclosed, but according to people familiar with the matter, the deal was valued at an estimated $1.7 billion. Originally in July 2012, Dole announced that it was seeking a buyer for the business.

Student Life Inc. | LifeWay Christian Resources

LifeWay Christian Resources acquired Student Life Inc., a Birmingham-based owner and operator of student camps and conferences.

The Cornhusker Hotel & Office | Marcus Hotels & Resorts

Marcus Hotels & Resorts, a wholly-owned unit of Marcus Corp., agreed to acquire The Cornhuskaer Hotel & Office Plaza, a Lincoln-based owner and operator of hotel. Terms were not disclosed.

Rosenfeld Einstein Insurance | Marsh & McLennan Agency LLC

Marsh & McLennan Agency LLC, a unit of Marsh & McLennan Cos Inc's Marsh Inc, acquired Rosenfeld Einstein & Associates Insurance Agency Inc, a Greenville-based insurance agency. Terms were not disclosed.

Morgan Stanley Smith Barney | Morgan Stanley

Morgan Stanley agreed to acquire the remaining 35% stake, which it did not already own, in Morgan Stanley Smith Barney LLC, a Purchase- based provider of investment management services, from joint venture partner Citigroup Inc, for $4.73 billion. Concurrently, Morgan Stanley agreed to raise its interest to 65% from 51%, by acquiring a 14% stake, in Smith Barney.

Transoft International Inc | NCR Corp.

NCR Corp. acquired Transoft International Inc., a North Carolina-based developer of currency supply chain management software for the banking industry. Terms were not disclosed.

CompuTaught | OnCourse Learning Co

OnCourse Learning Co, a unit of Riverside Co, acquired CompuTaught, an Atlanta-based provider of computer-based real estate education services, in a leveraged buyout transaction.

Cyber Centers International | Onteco Corp.

Onteco Corp signed a Letter of Intent to acquire the entire share capital of Cyber Centers International Corp, a Florida- based provider of online social gaming services.

Biagro Western Sales LLC | Paine & Partners LLC

Paine & Partners LLC acquired Biagro Western Sales LLC, a Visalia-based provider of agriculture research and development services, in a leveraged buyout transaction. Terms were not disclosed.

Iowa Dental Supply LLC | Patterson Dental Supply Inc.

Patterson Dental Supply Inc, a majority-owned unit of Patterson Cos Inc, acquired Iowa Dental Supply, LLC, a Grimes-based wholesaler and retailer of dental supplies.

Beat the Traffic | Pelmorex Media Inc.

Pelmorex Media Inc of Canada, a unit of Landmark Media Enterprise LLC, acquired Beat the Traffic, a Santa Clara-based developer of traffic data software.

Sergeant's Pet Prod Care Inc. | Perrigo Co.

Perrigo Co definitively agreed to acquire Sergeant's Pet Care Products Inc, a Omaha-based manufacturer and wholesaler of pet supplies, from Sowell & Co, for $285 million in cash.

Baker Hill Center,Glen Ellyn | Phillips Edison-ARC Shopping

Phillips Edison-ARC Shopping Center REIT Inc acquired Baker Hill Center, a Glen Ellyn-based owner and operator of shopping center, for an estimated $222.6 million.

Holstein Field | Plains Exploration & Production Co.

Plains Exploration & Production Co. definitively agreed to acquire a 50% interest in the Holstein Field, located in Gulf of Mexico, of Shell Offshore Inc, a New Orleans-based oil and gas exploration and production company, and a unit of Royal Dutch Shell PLC's Shell Oil Co subsidiary, for an estimated $560 million in cash. Concurrently, PXP agreed to acquire the remaining 50% interest, which it did not already own, in Holstein, from BP PLC.

Integration Logistics | Protection One Inc.

Protection One Inc acquired Integration Logistics Inc, located in Delaware, develops information technology solutions. The company was founded in 2005.

SocialKandy LLC | Proxio Inc.

Proxio Inc acquired SocialKandy LLC, a Miami- based provider of real estate- specific applications. Terms were not disclosed.

Shoppes of Lakeland,Florida | Ramco-Gershenson Properties

Ramco-Gershenson Properties Trust acquired the 93% interest in Shoppes of Lakeland, an owner and operator of shopping centers, for $26 million in cash.

KSW Inc. | Related Cos LP

Related Cos LP, through its Kool Acquisition Corp unit, definitively agreed to acquire the entire share capital of KSW Inc (KSW), a Long Island City-based wholesaler of heating, ventilating and air conditioning systems and equipment, via tender offer, for $5 in cash per share, or a total value of $31.96 million. The offer was conditioned upon at least 50% of KSW's shares being tendered.

Cornerstone Pharmacy LLC | Remedi SeniorCare

Remedi SeniorCare acquired Cornerstone Pharmacy LLC, an Eastlake-based provider of pharmacy services.

R&D Enterprises Inc. | Resilience Capital Partners

Resilience Capital Partners LLC acquired R&D Enterprises Inc, a Plymouth- based manufacturer and wholesaler of engineered oil coolers and heat exchangers, in a leveraged buyout transaction. Terms were not disclosed.

Express Postal Options International | RR Donnelley & Sons Co.

RR Donnelley & Sons Co. acquired Express Postal Options International LLC, a Torrance-based provider of mail and parcel delivery services. Terms were not disclosed.

Marlex Pharmaceuticals Inc. | ScripsAmerica Inc.

ScripsAmerica Inc. signed a Letter of Intent to acquire Marlex Pharmaceuticals Inc, a New Castle-based manufacturer and wholesaler of pharmaceutical packaging products.

Digital Domain Productions Inc. | Searchlight Capital Partners

Searchlight Capital Partners LP agreed to acquire the bankrupt Digital Domain Productions Inc, a New York- based developer of imagery software, from Digital Domain Media Group Inc, for $15 million in cash, via auction in a leveraged buyout transaction.

TheFormTool LLC | Shareholders

Your Dollar Matters Inc disclosed intentions to spin off its TheFormTool LLC unit, to its shareholders.

ValoreBooks | SimpleTuition Inc.

SimpleTuition Inc. acquired ValoreBooks, a provider of online bookstore services.

CenterPoint Energy Svcs-Retail | South Jersey Energy Co.

South Jersey Energy Co., a wholly-owned unit of South Jersey Industries Inc., acquired retail marketing assets from CenterPoint Energy Services Inc, a Houston-based electric and natural gas utility company and a wholly-owned unit of CenterPoint Energy Inc.

ENGlobal Corp-Field Solutions | Steele & Co. LP

Steele & Co. definitively agreed to acquire the Field Solutions business of ENGlobal Corp, a Houston- based provider of engineering services, for an estimated $15 million. The consideration was to consist of $10 million in cash and $5 million in promissory note payable.

Chesapeake Energy-Permian Ppty | SWEPI LP

SWEPI LP, doing business as Shell Western E&P Inc, a unit of Royal Dutch Shell PLC's Shell Oil Co subsidiary, agreed to acquire the Permian Basin southern Delaware portion of Chesapeake Energy Corp (CE), an Oklahoma City-based oil and gas exploration and production company, for $1.935 billion. Concurrently, Chevron USA Inc and EnerVest Ltd agreed to acquire the Northern Permian Basin assets and the Permian Basin Midland portion assets, respectively, of CE.

Poole & Associates Inc. | The KEYW Holding Corp.

The KEYW Holding Corp definitively agreed to acquire Poole & Associates Inc., an Annapolis Junction- based provider of engineering services, for $126 million. The consideration was to consist of $116 million in cash and $10 million in KEYW common shares.

SenSage Inc | The KEYW Holding Corp.

KEYW Holding Corp agreed to acquire SenSage Inc., a Redwood City-based software solution provider, for $34.5 million. The consideration was to consist of $18 million in cash and $16.5 million in common shares.

The Deal LLC | TheStreet.com Inc.

TheStreet.com Inc. acquired The Deal LLC, a New York-based publishing company, from Wasserstein & Co LP, for $5.8 million.

Mediware Information Systems | Thoma Bravo LLC

Thoma Bravo LLC, through its Project Ruby Merger Corp unit, definitively agreed to acquire the entire share capital of Mediware Information Systems Inc, a Lenexa-based provider of clinical information services, for $22 in cash per share, in a leveraged buyout transaction. On completion, Mediware was to be delisted in the NASDAQ stock exchange.

Glass Seating & Mobility | United Seating & Mobility LLC

United Seating & Mobility LLC, a unit of Blackstone Group LP's Apria Healthcare Group Inc subsidiary, acquired Glass Seating & Mobility, a Memphis- based manufacturer and wholesaler of wheelchairs.

Los Angeles Memorial Coliseum | USC

University of Southern California agreed to acquire Los Angeles Memorial Coliseum, one of the greatest and largest stadiums in America.

Sovereign Group Inc. | VWR International LLC

VWR International LLC, a subsidiary of Madison Dearborn Partners LLC, acquired Sovereign Group Inc, a North Miami Beach-based provider of lab products distribution services. Terms were confidential.

Superior Tube Co Inc. | Watermill Group

Watermill Group acquired Superior Tube Co Inc., a Collegeville- based manufacturer of small diameter metal tubing products, from Superior Group Inc, in a leveraged buyout transaction. Concurrently, Watermill acquired Fine Tubes Ltd.

Shell Vacations LLC | Wyndham Vacation Ownership Inc.

Wyndham Vacation Ownership Inc, a unit of Wyndham Worldwide Corp, acquired Shell Vacations LLC, a Northbrook-based, provider of vacation ownership club and property management services, for $255 million. The consideration consisted of $102 million in cash and the assumption of $153 million in liabilities.

iScience Interventional Corp. | Znomics Inc.

Znomics Inc. agreed to merge with iScience Interventional Corp., a Menlo Park-based manufacturer and wholesaler of ophthalmic devices.

 

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