The Weekly Wrap
A wrap-up of acquisitions from the past week; includes deals by Rio Bravo Oil, Warrior Girl, Gold's Gym and Kellogg
February 17, 2012
Target | Acquirer Synopsis
AmerCable Inc | Nexans SA
Nexans SA of France agreed to acquire AmerCable Inc, an El Dorado-based manufacturer of highly engineered and mission critical cables, from Quintana Energy Partners LP, for $275 million.
BridgeLux Inc | Kaifajing Lighting (Xiamen) Co
Kaifajing Lighting Co Ltd agreed to acquire preferred shares class E convertible into 5% stake, in BridgeLux Inc, a Livermore, Calif.-based manufacturer of light-emitting diode, for $25 million, in a privately negotiated transaction.
Chromosomal Laboratories Inc | Bode Technology Group Inc
Bode Technology Group Inc, a wholly-owned unit of SolutionPoint International Inc, acquired Chromosomal Laboratories Inc, a Phoenix-based provider of DNA testing services.
Cutanea Life Sciences Inc | Maruho Co Ltd
Maruho Co Ltd of Japan acquired Cutanea Life Sciences Inc, a Wayne, Pa.-based manufacturer and wholesaler of dermatological products. On completion, CLS became a wholly-owned unit of Maruho.
Directional Rentals Inc | Hicks Equity Partners LLC
Hicks Equity Partners LLC, a unit of Hicks Holdings LLC, acquired an undisclosed majority interest in Directional Rentals Inc, a Youngsville, La.-based provider of oilfield equipment rental services, in a leveraged buyout transaction. Terms were not disclosed.
Dialect Technologies Inc | Globo PLC
Globo Plc of the UK, acquired Dialect Technologies Inc, a New York-based developer of communication software, for $800,000 cash.
DoubleTree By Hilton | Wheelock Street Capital LLC
Wheelock Street Capital LLC acquired DoubleTree By Hilton, a Houston-based owner and operator of a hotel, from an undisclosed institutional investor group.
Elcom Technologies Inc | Frequency Electronics Inc
Frequency Electronics Inc agreed to acquire the remaining 80% stake, which it did not already owned, in Elcom Technologies Inc, a Rockleigh, N.J.-based manufacturer of microwave products. Terms were not disclosed.
Eyetech Inc | Valeant Pharm Intl Inc
Valeant Pharmaceuticals International Inc of Canada agreed to acquire Eyetech Inc, a Palm Beach Gardens, Fla.-based biotechnology company, for an undisclosed amount in cash and profit-related payments.
Freeland Products Inc | Econco
Econco, a wholly-owned unit of the Communications & Power Industries Inc subsidiary of Veritas Capital Fund IV LPs wholly-owned CPI International Inc, acquired Freeland Products Inc, a Covington-based provider of power tube rebuilding services. Veritas was a wholly-owned unit of Veritas Capital Partners LP.
General Bearing Corp | AB SKF
AB SKF of Sweden agreed to acquire General Bearing Corp, a West Nyack-based manufacturer of bearings, for $125 million.
Texas Reef Properties | Gale Force Petroleum Inc
Gale Force Petroleum Inc of Canada agreed to acquire the Texas Reef properties, from Great GulfCan Energy Inc, a Friendswood-based oil and gas exploration and production company, for $4.25 million. The consideration was to consist of $3.5 million in cash and the issuance of $0.751 million Gale Force common shares.
Investor Relations Group Inc | Rodman & Renshaw Capital Group
Rodman & Renshaw Capital Group Inc acquired Investor Relations Group Inc, a New York-based provider of investor and public relations services.
Intellinetics Inc | GlobalWise Investments Inc
GlobalWise Investments Inc acquired the entire share capital of Intellinetics Inc, a Columbus, Ohio-based developer of document management software, in exchange for 28.035 million GlobalWise common shares valued at $0.143 million, in a stock swap reverse takeover transaction. The shares were valued based on GlobalWise's closing stock price of $0.005 on Dec. 20, the last full trading day prior to the announcement. On completion, GlobalWise and Intellinetics common shareholders were to own 13. 979% and 86.021% of GlobalWise, respectively.
