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SLIDESHOW

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 Aetna Inc., Gannett and Rick's Cabaret; other recent deals listed here in alphabetical order according to buyer

 

Target | Acquirer                                                                                                                                                               Synopsis

Prima Marketing LLC - 74 stores | 7-Eleven Inc

7-Eleven Inc, a unit of Seven & I Holdings Co Ltd's IYG Holding Co acquired 74 operating convenience stores of Prima Marketing LLC, a Fairmont-based owner and operator of convenience stores. Terms were not disclosed.

ECM Plastics Inc | A Schulman Inc

A Schulman Inc definitively agreed to acquire ECM Plastics Inc, a Worcester-based manufacturer and wholesaler of plastic compounds, for $36.5 million.

Coventry Health Care Inc | Aetna Inc

Aetna Inc definitively agreed to acquire the entire share capital of Coventry Health Care Inc, a Bethesda-based provider of managed healthcare services, for $5.695 billion. Aetna offered $27.3 in cash and 0.3885 common shares per Coventry share. Based on Aetna's closing stock price of $38.04 on Aug. 17, the last full trading day prior to the announcement, each Coventry share was valued at $42.079.

Centigral Inc | Allsec Technologies Ltd

Allsec Technologies Ltd of India planned to acquire an 80% interest in Centigral Inc, a provider of business processing outsourcing services, for $0.064 million.

Ready2Ride Inc | ARI Network Services Inc

ARI Network Services Inc acquired Ready2Ride Inc, a developer of enhanced aftermarket fitment data solutions software. Terms were not disclosed.

KBS Acquisition-Office Bldg | BBD1 Holdings LLC

BBD1 Holdings LLC, a joint venture between Gramercy Capital Corp and Garrison Ivestment Capital Corp, agreed to acquire 115 office buildings of KBS Acquisition Sub-Owner 2 LLC, a real estate development firm, and a wholly-owned unit of KBS Real Estate Investment Trust Inc, for $485 million. The consideration was to consist of $470 million in cash and the issuance of 6 million Gramercy common shares, values at $15 million.

MEDS Inc | Bolder Capital LLC

Border Capital LLC acquired Monti Eligibility & Denial Solutions Inc, a Tampa-based billing solutions company.

Back to Nature Foods Inc | Brynwood Partners LP

Brynwood Partners LP planned to acquire an undisclosed majority interest in Back to Nature Foods Inc, a Madison-based manufacturer and wholesaler of snack food products, from Kraft Foods Inc, in a leveraged buyout transaction. Terms were not disclosed.

Florida Direct Ins Agcy | Business Owners Liability Team

Business Owners Liability Team Insurance Agency acquired Florida Direct Insurance Agency, a Sarasota-based insurance agency. Concurrently, Bolt acquired PFG Insurance Agency.

Breedlove & Associates LLC | Care.com Inc

Care.com Inc acquired Breedlove & Associates LLC, an Austin, Texas-based provider of payroll & tax services. Terms were not disclosed.

Data Center Potfolio,TX | Carter Validus Mission

Carter Validus Mission Critical REIT Inc acquired Data Center Portfolio, an owner and operator of office buildings, for $45.9 million.

ePrize LLC | Catterton Partners

Catterton Partners acquired ePrize LLC, a provider of provides online interactive promotion service, in a leveraged buyout transaction.

Avery Dennison-Conductive Bus | Cencorp Oyj

Cencorp Oyj of Finland signed a memorandum of understanding to acquire the Conductive Back Sheet business of Avery Dennison Corp, a Pasadena, Calif.- based manufacturer of labeling materials, for $0.997 million. The consideration was to consist of $0.5 million in cash and the issuance of 6.711 million Cencorp ordinary shares valued at $0.497 million.

Avid Health Inc | Church & Dwight Co Inc

Church & Dwight Co Inc definitively agreed to acquire the entire share capital of Avid Health Inc, a Vancouver-based manufacturer of vitamins and supplements, for an estimated $650 million in cash.

Felix | CityGrid Media LLC

CityGrid Media LLC, a unit of IAC/InterActiveCorp, acquired Felix, the pay-per- call business of Yext Inc, a New York-based developer of local search solutions software. Terms were not disclosed, but according to sources familiar to the transaction, the deal was valued at an estimated $30 million.

Hanson Structural - Assets | Clark Pacific Corp

Clark Pacifc Corp acquired the assets, located in California, of Hanson Structural Precast, a majority owned unit of the Hanson Building Products North America subsidiary of Lehigh UK Ltds Hanson Ltd unit. Lehigh UK Ltd was a unit of HeidelbergCement AG. Terms were not disclosed.

David's Bridal Inc | Clayton Dubilier & Rice LLC

Clayton, Dubilier & Rice LLC was rumored to acquire David's Bridal Inc, an owner and operator of women's clothing stores. Terms were not disclosed, but according to people familiar with the transaction, the deal was valued at an estimated $900 million.

SCD Enterprises LLC | Creative Edge Nutrition Inc

Creative Edge Nutrition Inc acquired SCD Enterprises LLC, a manufacturer of pharmaceuticals.

Hurley & Frank Industries Inc | Dealer.com Inc

Dealer.com acquired Hurley & Frank Industries Inc, a developer of social media software. Terms were not disclosed.

SuperMedia Inc | Dex One Corp

Dex One Corp, through its wholly-owned subsidiary, definitively agreed to merge with SuperMedia Inc, a DFW Airport-based provider of multi-platform advertising services, to form Dex Media (DM) in a stock swap transaction valued at $42.6 million. SM common shareholders were to receive 0.4386 DM common shares and DO common shareholders were to receive 0.2 DM common shares per share held.

Inceptor Inc | Did-it.com LLC

Did-it.com LLC acquired Inceptor Inc, a Waltham-based provider of online marketing services, from SuperMedia LLC. Terms were not disclosed.

Anadarko E&P-Certain Gas Asts | Double Eagle Petroleum Co

Double Eagle Petroleum Co agreed to acquire certain gas producing assets, located in Wyoming, of Anadarko E&P Co LP, The Woodlands-based provider of oil and gas drilling services and a subsidiary of Anadarko Petroleum Corp.

Solar Power Technologies Inc | Draker

Draker merged with Solar Power Technologies Inc, an Austin-based provider of innovative electric hardware and software solutions. On completion, the merged entity was renamed Drake.

WSDM-FM,WSDX-AM | Emmis-Terre Haute

Emmis-Terre Haute, a unit of Emmis Communications Corp, agreed to acquire WSDM- FM and WSDX-AM, a Terre Haute- based owner and operator of radio stations, from Crossroads Investments LLC. Terms were not disclosed.

Colorado Plateau Partners LLC | Energy Fuels Inc

Energy Fuels Inc of Canada agreed to acquire the remaining 50%, which It did not already own, in Colorado Plateau Partners LLC, a uranium and vanadium mining company, from Lynx-Royal Joint Venture, a joint venture between Lynx2 LLC and Aldershot Resources Ltd's Royal USA Inc subsidiary, for an estimated $1.461 million. The consideration was to consist of $0.75 million, the issuance of 3.518 Energy common shares valued at $0.711, and an undisclosed amount in debt.

License Monitor Inc | Explore Information Services

Explore Information Services LLC, a unit of Solera Holdings Inc's Claims Services Group Inc subsidiary, acquired the entire share capital of License Monitor Inc, a New City-based provider of license monitoring and risk management services.

Great Lakes Truck & Trailer | FleetPride Inc

FleetPride Inc acquired Great Lakes Truck & Trailer, a Westland-based wholesaler of heavy and light duty truck and trailer parts.

Vortech Inc | Frontline Data Services

Frontline Data Services acquired Vortech Inc, a Florida-based web hosting service.

BLiNQ Media LLC | Gannett Co Inc

Gannett Co Inc acquired BLiNQ Media LLC, a New York-based social website advertising services. Terms were not disclosed.

Fidelis Security Systems Inc | General Dynamics Corp

General Dynamic Corp definitively agreed to acquire Fidelis Security Systems Inc, a Waltham, Mass.-based developer of network security software. Terms were not disclosed.

Airtronic USA Inc | Global Digital Solutions Inc

Global Digital Solutions Inc signed a letter of intent to acquire the bankrupt Airtronic USA Inc, an Elk Grove Village, Ill.-based manufacturer of small arms and ammunition.

Sunrise Senior Living Inc | Health Care REIT Inc

Health Care REIT Inc definitively agreed to acquire the entire share capital of Sunrise Senior Living Inc, a Mclean-based owner and operator of senior care facilities, for $14.5 in cash per share, or a total value of $897.466 million.

AES | HII Technologies Inc

HII Technologies Inc signed a letter of intent to acquire AES, a Dallas provider of oil and gas support services, for $0.290 million in cash and the issuance of 6.5 million HII restricted common shares.

Exelon-Rio Bravo Power Plant | IHI Corp

IHI Corp of Japan acquired a 50% interest in four Rio Bravo power plants of Exelon Corp, a Chicago- based electric and gas utility company. The transaction included Rio Bravo Fresno, Rio Bravo Rocklin, Rio Bravo Jasmin, and Rio Bravo Poso in California. Terms were not disclosed.

FedEx Center | Inland RE Acquisitions Inc

Inland Real Estate Acquisitions Inc, a majority- owned unit of The Inland Real Estate Group of Cos Inc, acquired FedEx Center, a Houston-based operator of shipping hub.

BJ's Wholesale Club,Maryland | Inland RE Acquisitions Inc

Inland Real Estate Acquisitions Inc, a unit of Inland Real Estate Group of Cos Inc, acquired BJ's Wholesale Club, a Capitol Heights-based owner and operator of warehouse clubs, for $32.4 million.

Houston Pavilions | Investor Group

An investor group, comprised of Canyon-Johnson Urban Fund LLC, a joint venture between Canyon Capital and Magic Johnson Enterprises, and Midway Cos LLC, acquired Houston Pavilions, a Houston-based operator of shopping centers.

Amos Content Group | Investor Group

Fleishman-Hillard Inc and GMR Entertainment acquired Amos Content Group, a Los Angeles, California- based provider of marketing services, to form a joint venture company. On completion, the company was to be named Freshwire. Terms were not disclosed, but according to sources familiar with the transaction, the deal was valued at an estimated $10 million.

Hula Media LLC | Javelin Distribution LLC

Javelin Distribution LLC, a joint venture between Deluxe Media Services LLC, a unit of Macandrews & Forbes Holdings Inc's Deluxe Entertainment Services Group subsidiary and Global Digital Media Xchange Inc, a unit of Warner Brothers Inc, acquired Hula Media LLC, a Long Island City, N.Y.-based provider of motion picture production and distribution services.

IntegraCare Holdings Inc | Kindred Healthcare Inc

Kindred Healthcare Inc definitively agreed to acquire IntegraCare Holdings Inc, a Grapevine-based provider of home health care services, from Flexpoint Ford LLC, for $75 mil. The consideration was to consist of $71 million in cash and up to a further $4 million in profit-related payments.

Giftiki | LaunchRock

LaunchRock acquired Giftiki, a San Francisco-based provider of e-commerce social services. Terms were not disclosed.

Aperio Technologies Inc | Leica Microsystems GmbH

Leica Microsystems GmbH of Germany, a majority-owned unit of Danaher Corp, through an undisclosed affiliate, definitively agreed to acquire Aperio Technologies Inc, a software development company.

Presstek Inc | MAI Holdings Inc

MAI Holdings Inc, a unit of American Industrial Partners Capital Fund IV LP definitively agreed to acquire the entire share capital of Presstek Inc, a Hudson-based manufacturer and wholesaler of digital offset printing equipments, for $0.5 cash per share, or a total value of $18.713 million, in a leveraged buyout transaction.

Kanner, Shteiman-Certain Asts | Metcare of Florida Inc

Metcare of Florida Inc, a wholly-owned subsidiary of Metropolitan Health Networks Inc, definitively agreed to acquire certain assets of Kanner Shteiman LLC, a North Palm Beach, Fla.-based provider of medical/health services. Terms were not disclosed.

A Schulman-Polyvinyl Plant | Mitsubishi Chemical Chem

Mitsubishi Chemical Performance Polymers Inc, a unit of Mitsubishi Chemical Holdings Corp's Mitsubishi Chemical Corp subsidiary, planned to acquire the polyvinyl chloride compound plant, located in Bellevue, Ohio, from A Schulman Inc, a manufacturer and wholesaler of plastic compounds.

AIDS Healthcare Foundation | MOMS Pharmacy Inc

AIDS Healthcare Foundation acquired MOMS Pharmacy Inc, a New York-based owner and operator of a specialty pharmacy that provides medications and support services to people living with HIV/AIDS, and a unit of HIG Capital LLC's Allion Healthcare Inc subsidiary. Terms were not disclosed.

Southern Star Central Corp | Morgan Stanley Infrastructure

Morgan Stanley Infrastructure Partners, a unit of Morgan Stanley, planned to acquire the remaining 60% interest, which it did not already own, in Southern Star Central Corp from EFS-SSCC Holdings LLC, a unit of GE Energy Financial Services Inc. Terms were not disclosed.

Intrepidus Group Inc | NCC Group plc

NCC Group PLC of the UK acquired Intrepidus Group Inc, a New York-based developer of mobile security application, for $11.145 million. The consideration was consisted of $5.808 million in cash and $5.337 million in profit-related payments

Workers Implantable Network | Orchid Medical Inc

Orchid Medical Inc acquired the surgical implant business of Workers Implantable Network, a Tampa-based provider of specialty care services. Terms were not disclosed.

W-Westwood,Los Angeles,CA | Pebblebrook Hotel Trust

Pebblebrook Hotel Trust acquired W Los Angeles- Westwood, a Los Angeles-based owner and operator of hotel, from Starwood Hotels and Resorts Worldwide Inc for $125 million.

Wibby Environmental Inc | Phenomenex Inc

Phenomenex Inc acquired Wibby Environmental Inc, a Golden-based manufacturer and wholesaler of chromatography products. Upon completion, Wibby was renamed Phenova Inc.

e4e inc-Worldwide Interactive | Pole To Win Co Ltd

Pole To Win Co Ltd of Japan, a subsidiary of Pinetown Pitcrew Holdings Inc, definitively agreed to acquire the worldwide interactive entertainment division of e4e Inc, a Santa Clara, Calif.-based provider of application management and support services. Terms were not disclosed.

Vital Networks Inc | Project Leadership Assoc Inc

Project Leadership Associates Inc, a unit of Eureka Growth Capital, acquired Vital Networks Inc, a Wakefield- based provider of outsourced information technology services. Terms were not disclosed.

Black Hills Exploration - Bakken,Three | QEP Energy Co

QEP Energy Co, a wholly-owned unit of QEP Resources Inc, definitively agreed to acquire an 85% interest in Bakken and Three Forks oil & gas properties of Black Hills Exploration & Production Inc, a Rapid City-based provider of electric utility services and a wholly-owned unit of Black Hills Corp, for $243 million. Concurrently, QEP Energy agreed to acquire the non- core oil and natural gas assets of Unit Corp and other undisclosed oil development properties.

PollBob Inc | QuestionPro Inc

QuestionPro Inc acquired PollBob Inc, a software developer that creates and hosts online polls.

Adult Book and Novelty Store | Rick's Cabaret

Rick's Cabaret International Inc agreed to acquire a New York-based adult business for $3 million in cash. Rick's Cabaret, which currently operates 24 clubs around the U.S., plans to create a new gentlemen's club at the store's midtown Manhattan site near Times Square.

Meetings Quest | Schneider Publishing Co Inc

Schneider Publishing Co Inc planned to acquire Meetings Quest, an Upper Marlboro-based provider of trade show management services, from James T Dunn Enterprises Inc.

Penrith Corp | Siemens Medical Solutions Inc

Siemens Medical Solutions Inc, a wholly-owned unit of Siemens AG, definitively agreed to acquire Penrith Corp, a Plymouth Meeting-based manufacturer of ultrasound imaging systems.

Northrop TF5-1 Corp | Tactical Air Defense Services Inc

Tactical Air Defense Services Inc agreed to acquire the entire share capital of Northrop TF5-1 Corp (NT), a military aircraft holding company, for $0.5 million in promissory note and the issuance of 2.5 million TADS Series C Preferred shares. Upon completion, NT will become a wholly-owned subsidiary of TADS.

Kinder Morgan Energy-Assets | Tallgrass Energy Partners LP

Tallgrass Energy Partners LP, a unit of The Energy & Minerals Group and Kelso & Co, agreed to acquire the KMP assets of Kinder Morgan Energy Partners LP (KMP), a Houston owner and operator of natural gas pipelines, for $3.3 billion. The consideration was to consist of $1.8 bil in cash and the assumption of $1.5 billion in liabilities. The transaction was to include Kinder Morgan Interstate Gas Transmission, Trailblazer Pipeline Co, Casper-Douglas natural gas processing, West Frenchie Draw treating facilities, and 50% interest in the Rockies Express Pipeline.

Bilcare GCS | United Drug plc

United Drug plc of Ireland agreed to acquire Bilcare Global Clinical Supplies, a Phoenixville- based provides Clinical Trial Materials services, from Bilcare Ltd, for $61 million in cash.

Suncoast Insurance Associates | USI Insurance Services LLC

USI Insurance Services LLC, a wholly-owned unit of the USI Holdings Corp majority-owned subsidiary of Goldman Sachs & Co's GS Capital Partners LP majority-owned unit, acquired Suncoast Insurance Associates Inc, a Tampa-based provider of insurance brokerage services.

TD Insurance Inc | USI Insurance Services LLC

USI Insurance Services LLC, a unit of the USI Holdings Corp subsidiary of Goldman Sachs & Co's GS Capital Partners LP, agreed to acquire TD Insurance Inc, a Portland, Ore.-based insurance company, from TD Bank NA, a unit of Toronto-Dominion Bank. Terms were not disclosed. Goldman Sachs & Co was a unit of Goldman Sachs Group Inc.

Elite Estate Management LLC | VR Business Sales Mergers

VR Business Sales Mergers & Acquisitions of Charlotte, a unit of VR Business Brokers Inc, acquired Elite Estate Management LLC, a Wilmington- based provider of property management services. Terms were not disclosed.

 

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