The Weekly Wrap

A wrap-up of announced acquisitions over the past seven days; includes deals by Olympus Partners, Platinum Equity, Sara Lee and WallMart

January 9, 2012

 

Target | Acquiror                                                                                                                                       Synopsis

NPC International Inc | Olympus Partners

Olympus Partners acquired NPC International Inc, an Overland Park-based owner and operator of restaurant franchises, from Bank of America Merrill Lynch Capital Partners, a unit of Bank of America Corp's Merrill Lynch & Co Inc subsidiary, in a leverage buyout transaction. Originally, in September 2011, an investor group comprised of two undisclosed private equity firms was rumored to be in negotiations to buy a minority stake in NPC. Terms were not disclosed but, according to sources, the deal was valued at an estimated $800 million.

Astrotel Commun Corp-Operating | Birch Communications

Birch Communications, a unit of KKR & Co LPs Kohlberg Kravis Roberts & Co LP subsidiary, definitively agreed to acquire the operating assets of Astrotel Communications Corp, a Cerritos-based wholesales security and surveillance systems and devices.

Avery Dennison | 3M Co

3M Co definitively agreed to acquire the office and consumer products business of Avery Dennison Corp, a Pasadena-based manufacturer and wholesaler of labeling materials, for $550 million in cash.

Broadband Technology Report | PennWell Corp

PennWell Corp acquired Broadband Technology Report, a provider of online report publishing services, from Hermes Media & Research LLC. The transaction was to include Diamond Technology Review.Terms were not disclosed.

Capital Bauer Ins Agency Inc | Arthur J Gallagher & Co

Arthur J Gallagher & Co acquired Albany-based Capital Bauer Insurance Agency Inc. Terms were not disclosed.

Devon Energy Corp-Assets | Sinopec Intl

Sinopec International Petroleum Exploration & Production Corp of China, a unit of Chinese state-owned China Petrochemical Corp., agreed to acquire a 33.33 percent stake in 5 shale oil and gas assets of Devon Energy Corp, an Oklahoma-based oil and gas exploration and production company, for $ 2.2 billion in cash, in a privately negotiated transaction.

Dynasty International Inc | Unique Logistics International

Unique Logistics International of Hong Kong acquired the remaining undisclosed majority interest, which it did not already own, in Dynasty International Inc, a Boston-based provider of inter-modal transportation systems services. The purpose of the transaction was for Unique Logistics International to expand its North American footprint.

European Touch Holding Inc | E Touch Holding Co

E Touch Holding Co acquired European Touch Holding Inc, a Milwaukee- based manufacturer of whirlpool pedicure spa, from American Capital Ltd.

Fortigent LLC | LPL Financial LLC

LPL Financial LLC, a wholly-owned subsidiary of LPL Investment Holdings Inc, planned to acquire Fortigent LLC, a Rockville-based provider of management consulting services. Terms were not disclosed.

Go Coil LLC | Pioneer Drilling Co

Pioneer Drilling Co acquired Go Coil LLC, a Maurice-based provider of coiled tubing services, for $ 110 million in cash.

Greater Philadelphia Cares | United Way of Southeastern

United Way of Southeastern Pennsylvania merged with Greater Philadelphia Cares, a Philadelphia-based provider of social services.

Hercules Chemical Co-Assets | HCC Holdings Inc

HCC Holdings Inc, a wholly-owned unit of Oatey Co acquired certain assets of Hercules Chemical Co, a Passaic-based manufacturer of industrial chemicals.

Hudson Baylor Corp | ReCommunity

ReCommunity acquired Hudson Baylor Corp, a Newburgh-based provider of recycling services. The transaction included 12 facilities in the Northeast and Southwest, and two additional facilities opening in 2012.