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The Weekly Wrap

New plays from 7-Eleven, IBM and Carlyle Group; other recent deals listed here in alphabetical order according to buyer

 

Target | Acquirer                                                                                                                                                                 Synopsis

Tetco Inc - Retail Wholesale Assets | 7-Eleven Inc

7-Eleven Inc, a unit of Seven & I Holdings Co Ltd's IYG Holding Co, agreed to acquire the retail and wholesale assets of Tetco Inc, a San Antonio, Texas-based owner and operator of gas stations. Terms were not disclosed.

Pervasive Software Inc | Actian Corp

Actian Corp planned to acquire the entire share capital of Pervasive Software Inc, an Austin, Texas-based developer of data management software, for $8.5 in cash per share, or a total value of $147.238 mil.

Medinah Gold Inc | American Sierra Gold Corp

American Sierra Gold Corp, through its wholly-owned American Sierra Gold Merger Corp subsidiary, agreed to merge with Medinah Gold Inc, a Henderson-based gold mining company, in exchange for an estimated 54 million ASGC common shares valued at $2.7 million.

Venmo Inc | Braintree Payment Solutions

Braintree Payment Solutions LLC acquired Venmo Inc, a developer of mobile payment software in Philadelphia, for $26.2 million.

Racer Trust | Brownfield Communities Co

Brownfield Communities Development Co acquired the stamping plant, located in Mansfield-Ontario, Ohio, of Revitalizing Auto Communities Environmental Response Trust, a real estate development firm. Terms were not disclosed.

Montana Refining Co | Calumet Specialty Products

Calumet Specialty Products Partners LP agreed to acquire Montana Refining Co, a Great Falls-based manufacturer of petroleum products, from Connacher Oil & Gas Ltd, for an estimated $120 million. Concurrently, Connacher agreed to divest its conventional oil and gas assets to an undisclosed acquiror.

Florida Oil Holdings-Stores | Circle K Stores Inc

Circle K Corp, a wholly-owned unit of Alimentation Couche-Tard Inc, agreed to acquire 29 stores from Florida Oil Holdings LLC, a Scottsdale-based owner and operator of gas stations and convenience stores. Terms were not disclosed.

Noble Energy - Oil, Gas Properties | Citation Oil & Gas Corp

Citation Oil & Gas Corp definitively agreed to acquire certain oil & gas properties of Noble Energy Inc, a Houston-based oil and gas exploration and production company, for an estimated $140 million.

WilsonArt International Inc | Clayton Dubilier & Rice LLC

Clayton Dubilier & Rice LLC definitively agreed to acquire a 51% interest in WilsonArt International Inc, a Temple-based manufacturer and wholesaler of decorative surfacing products, from a unit of Illinois Tool Works Inc, for $1.05 billion in cash, in a leveraged buyout transaction. Upon completion, WilsonArt was to be renamed Wilsonart International Holdings LLC.

PSC Info Group Inc | Compass Investment Partners

Compass Investment Partners Fund LP acquired PSC Info Group Inc, an Oaks-based provider of data management, printing, mailing services, from Roark Capital Group, in a leveraged buyout transaction.

Viking Systems Inc | Conmed Corp

Conmed Corp through its wholly owned Arrow Merger Corp unit, definitively agreed to acquire the entire share capital of Viking Systems Inc, a Westborough, Mass.-based manufacturer, developer and wholesaler of medical visualization equipment software, for $0.27 in cash per share, or a total value of $19.59 million, via tender offer.

Roffe Container Inc | Consolidated Container Co

Consolidated Container Co , a unit of Bain Capital Partners LLC, planned to acquire Roffe Container Inc, a Moorhead, Minn.-based manufacturer of plastic containers.

Parker Hannifin-Division | ContiTech AG

ContiTech AG of Germany, a unit of Continental AG, definitively agreed to acquire the automotive air conditioning business of Parker Hannifin Corp, a Cleveland manufacturer of fluid power system. Terms were not disclosed.

First Benefit Partners | Digital Insurance Inc

Digital Insurance Inc acquired First Benefit Partners, a Knoxville, Tenn.-based provider of employee benefit services.

Mission Critical Wireless LLC | Digital Management Inc

Digital Management Inc acquired Mission Critical Wireless LLC, a provider of enterprise mobility management services.

Breland Homes Inc-Homebuilding | DR Horton Inc

DR Horton Inc, a wholly- owned unit of Hovnanian Enterprises Inc's Washington Homes Inc, acquired the homebuilding operations of Breland Homes Inc, a Huntsville, Ala.-based constructor of residential homes.

Intuit Inc-Websites Business | Endurance Intl Group Inc

Endurance International Group Inc, a majority-owned unit of Accel-KKR LLC, definitively agreed to acquire the Websites business of Intuit Inc, a Mountain View, Calid.-based developer of financial software. Terms were not disclosed.

MS Health Software Corp | Epazz Inc

Epazz Inc acquired MS Health Software Corp, a developer of mental health software.

Ulterra Drilling Technologies | Esco Corp

Eesco Corp definitively agreed to acquire the entire share capital of Ulterra Drilling Technologies LP, a Forth Worth-based manufacturer and wholesaler of drilling equipments, from Scientific & Production Enterprise BURINTEKH Ltd, for an estimated $325 million in cash.

Cleveland Tubing Inc | Euramax International Inc

Euramax International Inc, a unit of GSCP EMAX Acquisition LLC, acquired Cleveland Tubing Inc, a Cleveland plastics manufacturer.

LTS Inc | First Cash Finl Services Inc

First Cash Financial Services Inc definitively agreed to acquire the entire share capital of LTS Inc, a Lakewood-based owner and operator of pawnshops, for an estimated $46 million. The consideration was to consist of $37.5 million in cash and $8.5 million in notes payable.

TPC Group Inc | First Reserve Corp

First Reserve Corp was rumored to be in negotiations to acquire the entire share capital of TPC Group Inc, a Houston-based manufacturer of chemical products.

Decanter Machine Inc | FLSmidth & Co A/S

FLSmidth & Co A/S agreed to acquire Decanter Machine Inc, a manufacturer and wholesaler of centrifugal technology equipment. Terms were not disclosed.

SOS Security | Forsythe Technology Inc

Forsythe Technology Inc acquired SOS Security, a developer of information security software in Houston.

TekTango LLC | Freeport Capital Inc

Freeport Capital Inc of Canada agreed to acquire a 51% interest in TekTango LLC, a developer of mobile payment software, in exchange for 0.6 million Freeport new common shares valued at $0. 238. The shares were valued based on Freeports closing stock price of $0.397 on July 31.

COREsense Inc | Friedman Corp

Friedman Corp, a wholly- owned unit of Constellation Software Inc, acquired CORESense Inc, a ecommerce and retail management software service provider.

Kinetic Concepts - TSS Business | Getinge AB

Getinge AB of Sweden definitively agreed to acquire the Therapeutic Support Systems business of Kinetic Concepts Inc, a San Antonio, Texas-based manufacturer and wholesaler of therapeutic beds and a unit of Chron Holdings Inc, for $275 mil.

Accelerated Payment Tech | Global Payments Inc

Global Payments Inc agreed to acquire Accelerated Payment Technologies Inc, a developer of payment processing software, from Great Hill Partners LLC, for $413 million in cash.

Affinity VideoNet Inc | Glowpoint Inc

Glowpoint Inc definitively agreed to acquire Affinity VideoNet Inc, a Denver-based provider of videoconferencing services, for $16.065 million. The consideration was to consist of $7.750 mil, the issuance of 2.650 million Glow common shares, valued at $5.565 mil, and $2.75 million in notes. The shares were valued based on Glows closing stock price of $2.1 on Aug. 10, the last full trading day prior to the announcement.

Texas Memory Systems Inc | IBM Corp

International Business Machines Corp definitively agreed to acquire Texas Memory Systems Inc, a Houston-based manufacturer of data storage systems. Terms were not disclosed.

Getty Images Inc | Investor Group

An investor group, comprised of Getty Images Inc's management and Carlyle Group LP, agreed to acquire the entire share capital of Getty, a Seattle-based provider of visual content services, from Hellman & Friedman LLC, for $3.3 bil in a management buyout transaction. In May, Getty was seeking a buyer. KKR & Co LP, Carlyle, CVC Capital Partners and TPG Capital LP were named as potential bidders.

Duray Manufacturing Inc | Investor Group

An undisclosed investor group acquired Duray Manufacturing Inc, a Chicago manufacturer of lighting fixtures. Terms were not disclosed.

PL Midstream LLC | Investor Group

An investor group, comprised of Boardwalk Pipeline Partners LP, a majority-owned unit of Loews Corp's majority-owned Boardwalk Pipelines Holding Corp subsidiary, and an undisclosed affiliate, definitively agreed to acquire PL Midstream LLC, a Baton Rouge-based oil and gas exploration and production company, from PL Logistics LLC for $625 million in cash.

Parnon Gathering Inc | JP Energy Partners LP

JP Energy Partners LP acquired Parnon Gathering Inc, a Pratt-based provider of pipeline transportation services, from Parnon Holdings Inc. Concurrently, JP Energy acquired Parnon Storage LLC.

Zeller Corp | Kaman Industrial Tech Corp

Kaman Industrial Technologies Corp, a wholly- owned unit of Kaman Corp, definitively agreed to acquire Zeller Corp, a Rochester-based wholesaler of electrical components, from LSB Industries Inc. Terms were not disclosed.

Alcoa Inc - Assets | LCRA

State-owned Lower Colorado River Authority agreed to acquire the assets of Alcoa Inc, a Pittsburgh manufacturer and wholesaler of aluminum products. Terms were not disclosed.

IM Solutions LLC | LeadingResponse

LeadingResponse, a unit of Huron Capital Partners LLC, acquired IM Solutions LLC, a Dallas-based provider of online legal marketing services.

Eagle Energy Co-Oil Property | Midstates Petroleum Co Inc

Midstates Petroleum Co Inc agreed to acquire the Mississippian lime oil producing properties, located in Oklahoma and Kansas, of Eagle Energy Co of Oklahoma LLC, a Tulsa, Okla.-based oil and gas exploration and production company, for $325 million in cash and the issuance of 0.325 million MP class A preferred shares.

RealBiz Holdings Inc | Next 1 Interactive Inc

Next 1 Interactive Inc agreed to acquire an 85% interest in RealBiz Holdings Inc, a provider of interactive media services, from Acknew Investments Inc, for $2.2 million.

BlueScope Steel Ltd-North | Nippon Steel Corp

Nippon Steel Corp of Japan, agreed to acquire North American Building Products Business, located in Delaware, of BlueScope Steel Ltd, a Melbourne-based manufacturer of steel, in the formation of a joint venture. Nippon is to own 50% and BlueScope the remaining 50% of the North American Building Products Business. Concurrently, Nippon agreed to acquire ASEAN Building Products Business, of BlueScope. The two transactions have a combined value of IDR 5.226 tri ($554 million).

Broadway Plaza | PECO-ARC Institutional JV I LP

PECO-ARC Institutional JV I LP, a joint venture between Phillips Edison-ARC Shopping Center REIT Inc and CBRE Global Investors, a majority-owned unit of CB Richard Ellis Group Inc, acquired Broadway Plaza, a Tucson, Ariz.-based owner and operator of a shopping center.

Inter-Pac Inc | Pregis Corp

Pregis Corp acquired Inter-Pac Inc, a Tupelo-based manufacturer of foam products.

First Dental Health | Principal Financial Group Inc

Principal Financial Group Inc agreed to acquire First Dental Health, a San Diego provider of dental services.

Central Alarm Inc | Protection One Inc

Protection One Inc, a wholly-owned unit of GTCR LLC, acquired Central Alarm Inc, a Las Cruces-based provider of security alarm monitoring services. Concurrently, Protection acquired Advanced Solutions Inc, a Montgomery- based provider of security alarm monitoring services.

Ant's Eye View | PwC

PricewaterhouseCoopers LLP planned to acquire Ant's Eye View, a Seattle provider of brand management services. Terms were not disclosed.

Expression Analysis Inc Quintiles | Transnational Corp

Quintiles Transnational Corp acquired Expression Analysis Inc, a Durham, N.C.-based provider of genomics services. Terms were not disclosed.

Expedited Freight Systems Inc | Roadrunner Transp Sys Inc

Roadrunner Transportation Systems Inc acquired the entire share capital of Expedited Freight Systems Inc, a Kenosha-based provider of freight services, for an estimated $10 million and up to a further undisclosed amount in profit-related payments.

Beverly Hilton Hotel | Sahara India Pariwar Ltd

Sahara India Pariwar Ltd of India was rumored to be in negotiations to acquire a 55% interest in Beverly Hilton Hotel, a Beverly Hills-based owner and operator of a hotel, from Oasis West Realty LLC. Terms were not disclosed, but the deal is reportedly valued at $342 million.

Diversified Tech-Product Line | SANBlaze Technology Inc

SanBlaze Technology Inc acquired the AdvancedTCA 10G switch product line of Diversified Technology Inc, a manufacturer and wholesaler of storage solutions and a unit of Ergon Corp.

Neotope Biosciences Ltd | Shareholders

Elan Corp plc of Ireland planned to spin off its Neotope Biosciences unit, a San Francisco-based biotechnology company, to its shareholders.

Meta Health Technology Inc | Streamline Health Solutions

Streamline Health Solutions Inc acquired Meta Health Technology Inc, a New York-based provider of health information management solutions, for $15 million. The consideration was to consist of $13.4 million in cash and $1.6 million in common shares.

Physicians Formula Holdings | Swander Pace Capital LLC

Swander Pace Capital LLC definitively agreed to acquire the entire share capital of Physicians Formula Holdings Inc, an Azusa-based manufacturer and wholesaler of cosmetic products, for $4.25 in cash per share, or a total value of $58.278 million, in a leveraged buyout transaction.

Lee-Var Inc | Synalloy Corp

Synalloy Corp definitively agreed to acquire Lee-Var Inc, an Andrews-based manufacturer of storage tanks and vessels, for $25.575 million and up to $10.5 million in profit-related payments.

Delphi Healthcare Partners Inc | Team Health Holdings Inc

Team Health Holdings Inc, a unit of Blackstone Group LP, acquired Delphi Healthcare Partners Inc, a Morrisville-based provider of physician staffing and management services.

BP plc - Carson Refinery, ARCO | Tesoro Refining Marketing & Supply

Tesoro Refining Marketing & Supply Co, a unit of Tesoro Corp, definitively agreed to acquire the Carson refinery and ARCO retail network of BP plc, a London oil and gas explorer, for an estimated $2.475 billion in cash.

Michael's Finer Meats LLC | The Chefs' Warehouse Inc

The Chefs' Warehouse Inc acquired the entire share capital of Michael's Finer Meats LLC, a Columbus-based retailer and wholesaler of beef and seafood, for an estimated $54.3 million.

Meritage Energy-Certain Assets | Three Rivers Natural Resource

Three Rivers Natural Resource Holdings II LLC acquired certain assets, located in the Permian Basin, of Meritage Energy Co LLC, a Denver-based oil and gas exploration and production company.

FSI International Inc | Tokyo Electron Ltd

Tokyo Electron Ltd definitively agreed to acquire the entire share capital of FSI International Inc, a Chaska-based wholesaler of surface conditioning equipment, via a tender offer for $6.2 in cash per share, or a total value of $243.011 million.

Saxon Oil Co | Trek Resources Inc

Trek Resources Inc definitively agreed to acquire the entire share capital of Saxon Oil Co, a Houston-based an oil and gas explorer, from Saxon Oil Co Ltd, for $7.225 million.

Forest Oil-Gathering Assets | Tristate Midstream LP

Tristate Midstream LP, a unit of Energy Spectrum Capital agreed to acquire the East Texas natural gas gathering assets of Forest Oil Corp, a Denver-based oil and gas explorer, for $43 million.

Invicta Alliance Partners | Ubiquity Corp

Ubiquity Corp acquired Invicta Alliance Partners, a California-based software gaming company.

Comverse Technology Inc | Verint Systems Inc

Verint Systems Inc, a majority-owned unit of Comverse Technology Inc, through its wholly- owned subsidiary, definitively agreed to acquire the entire share capital of CTI in a stock swap transaction valued at $805.725 million. Verint offered 27.5 million new common shares and $25 million in Verint common shares.

Vertex Acquisition Sub LLC | Vertex Energy Inc

Vertex Energy Inc definitively agreed to acquire Vertex Acquisition Sub LLC, a provider of waste management and disposal services, for $23.2 million. The consideration was to consist of $16.5 in cash, including the assumption of an undisclosed amount in liabilities, the issuance of 4.545 million in Vertex restricted common shares, and up to $6.7 million in profit- related payments.

USCarrier Telecom LLC | Zayo Group LLC

Zayo Group LLC, a unit of Communications Infrastructure Investments LLC's Zayo Group Holdings Inc, definitively agreed to acquire the remaining 50% interest, which it did not already own, in USCarrier Telecom LLC, an Atlanta-based provider of telecommunication services, for $13.5 million.

 

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