The Weekly Wrap
New plays from Carlyle Group, M&T Bank and Clayton Dubilier & Rice; other recent deals listed here in alphabetical order according to buyer
Target | Acquirer Synopsis
Aurora SFC Systems Inc-Assets | Agilent Technologies Inc
Agilent Technologies Inc acquired the assets of Aurora SFC Systems Inc, a Redwood City, Calif.-based manufacturer of supercritical fluid chromatography products. The transaction included the product line and the intellectual properties of Aurora. Terms were not disclosed.
Excellence In Motivation Inc | Aimia Inc
Aimia Inc of Canada agreed to acquire Excellence In Motivation Inc, a Dayton, Ohio-based provider of performance improvement and marketing services, for an estimated $28 million in cash.
Gamajet Cleaning Systems Inc | Alfa Laval AB
Alfa Laval AB of Sweden acquired Gamajet Cleaning Systems Inc, an Exton-based manufacturer of tank cleaning equipment.
Nodester Inc | AppFog Inc
AppFog Inc agreed to acquire Nodester Inc, a Phoenix, Arizona-based provider of web hosting services.
AccessTek Inc | Armanino McKenna LLP
Armanino McKenna LLP acquired AccessTek Inc, a Naperville, Ill.-based provider of cloud accounting services.
Redemtech Inc | Arrow Electronics Inc
Arrow Electronics Inc agreed to acquire Redemtech Inc, a developer of software systems, from Micro Electronics Inc.
Inforbix LLC-Certain Assets | Autodesk Inc
Autodesk Inc acquired certain assets of Inforbix LLC, a Brookline, Mass.-based developer of data application software. Terms were not disclosed.
Winter Haven Hospital | BayCare Health System Inc
BayCare Health System Inc signed a letter of intent to acquire Winter Haven Hospital.
LetsTalk.com Inc | BrightStar Corp
Brightstar Corp acquired LetsTalk.com, a San Francisco-based provider of ecommerce retail services.
Punknews.org | Buzz Media Inc
Buzz Media acquired Punknews.org, a provider of online publishing services. Concurrently, Buzz acquired Under the Gun Review, Alter the Press and Property of Zack.
Accugenix Inc | Charles River Labs Intl Inc
Charles River Laboratories International Inc acquired Accugenix Inc, a Newark, Del.-based provider of microbe research services, for an estimated $17 million in cash.
David's Bridal Inc | Clayton Dubilier & Rice LLC
Clayton, Dubilier & Rice LLC definitively agreed to acquire an undisclosed majority interest in David's Bridal Inc, a Conshohocken- based owner and operator of women's clothing stores, from Leonard Green & Partners LP, for $1.05 billion cash, in a secondary buyout transaction. Originally, In August 2012, Clayton was rumored to be planning to acquire David's, from Leonard Green & Partners LP and TPG Capital LP, in a secondary buyout transaction.
TimberTech Ltd | CPG International Inc
CPG International Inc definitively agreed to acquire TimberTech Ltd, a Wilmington, Ohio-based manufacturer and wholesaler of wood building products, from Crane Group Cos Ltd.
Contec LLC | Creditors
Contec LLC, a Schenectady, N.Y.-based provider of set-top-box repair services, a subsidiary of Bain Capital LLC, agreed to a debt restructuring transaction with creditors including Barclays plc. Upon completion, CRs were to hold an 80% interest in the restructured CLLC. The book value of the existing debt that will be exchanged under the terms of the offer is $360 million.
Goodman Global Inc | Daikin Industries Ltd
Daikin Industries Ltd of Japan definitively agreed to acquire the entire share capital of Goodman Global Inc, a Houston-based manufacturer and wholesaler of air conditioning products, from Hellman & Friedman LLC, for $3.7 billion, via auction. Originally, Hellman was rumored to be seeking a buyer for Goodman.
SBSI Nutraceuticals Inc | EnerBrite Technologies Group
EnerBrite Technologies Group Inc acquired SBSI Nutraceuticals Inc, a Holbrook, N.Y.-based manufacturer and wholesaler of nutraceutical products.
SeaBright Holdings Inc | Enstar Group Ltd
Enstar Group Ltd of Bermuda, through its wholly owned AML Acquisition Corp unit, definitively agreed to acquire the entire share capital of SeaBright Holdings Inc, a Seattle-based insurance company, for $11. 11 in cash per share, or a total value of $251.403 million.
Group8 Minerals | First Liberty Power Corp
First Liberty Power Corp agreed to acquire an 81% interest in Group8 Minerals, a mineral mining company, from Group8 Mining Innovations, for $3.088 million. The consideration was to consist of $0.1 million and the issuance of 83 million Group8 common shares valued at $2.988 million. The shares were valued based on First's closing stock price of $0.036 on Aug. 27 2012, the last full trading day prior to the announcement.
Gayston Corp-Defense Op | General Dynamics Corp
General Dynamics acquired the defense operations of Gayston Corp, a manufacturer of aerospace and defense equipment. Terms were not disclosed.
Dollar Thrifty Automotive | Hertz Global Holdings Inc
Hertz Global Holdings Inc definitively agreed to merge with Dollar Thrifty Automotive Group Inc, a Tulsa, Okla.-based provider of passenger car rental services, for $87.5 in cash per share or a total value of $2.568 billion, via a tender offer transaction. The offer was conditioned upon at least a majority of Hertzs common shares being tendered.
Winterfield LLC | Huhtamaki Inc
Huhtamaki Inc, a unit of Huhtamaki Oyj, acquired Winterfield LLC, a Glenview, Ill.- based manufacturer of disposable paper products, for $15.011 million.
Kenexa Corp | IBM Corp
International Business Machines Corp definitively agreed to acquire the entire share capital of Kenexa Corp, a Wayne-based developer of recruitment solutions services, for $46 in cash per share, or a total value of $1.348 billion. Upon completion, Kenexa shares were to be delisted from the New York Stock Exchange.
The Shops at Moore | Inland RE Acquisitions Inc
Inland Real Estate Acquisitions Inc acquired The Shops at Moore, a Moore, Okla.-based retail center operator, for $38.75 million in cash.
Cliffs Club & Hospitality | Investor Group
An investor group, comprised of Silver Sun Partners LLC, Carlile Group, SunTX Urbana, and Arendale Holdings, acquired bankrupt Cliffs Club & Hospitality Group Inc, an operator of hotels, and a unit of Cliffs Communities Inc. Originally, in February, Cliffs announced that it was seeking a buyer for the company.
Pacific Northwest Senior Care | Investor Group
An investor group, comprised of American Healthcare Investors LLC, Griffin Capital Corp, and Griffin-American Healthcare REIT II, a unit of Grubb & Ellis Co, acquired the Pacific Northwest Senior Care Portfolio, for an estimated $103 million. The transaction included seven medical office buildings in Illinois, Texas, Tennessee and Georgia.
Club Deportivo Chivas USA | Investor Group
MEXICO - An investor group, comprised of Jorge Vergara and Angelica Fuentes, acquired the remaining 50%, which it did not already own, in Club Deportivo Chivas USA, a Los Angeles-based provider of soccer club services, from Antonio and Lorenzo Cue.
Nexis Healthcare Inc | IPC The Hospitalist Co Inc
IPC The Hospitalist Co Inc acquired Nexis Healthcare Inc, a Taunton- based provider of medical practice services. Concurrently, IPC acquired Omni Medical Diagnostics and Park Medical Associates LLC.
MGC Diagnostics Corp-New Leaf | Life Time Fitness Inc
Life Time Fitness Inc acquired the New Leaf business, a Saint Paul-based medical instruments manufacturer, from MGC Diagnostics Corp for $1.235 million in cash.
Hudson City Bancorp Inc | M&T Bank Corp
M&T Bank Corp agreed to acquire the entire share capital of Paramus-based Hudson City Bancorp Inc, in a stock swap transaction valued at $3. 811 billion. M&T offered 0.08403 common shares per Hudson share, subject to proration whereby 60% of the consideration was to be paid in common stock and 40% in cash.
Columbus Silver Corp-Silver | Magellan Gold Corp
Magellan Gold Corp was granted an option to acquire the Silver District property, located in Arizona of Columbus Silver Corp, a Vancouver-based silver and gold mining company, for $1.013 million.
RASIRC Inc | Matheson Gas Products Inc
Matheson Gas Products Inc, a unit of Taiyo Nippon Sanso Corp, acquired an undisclosed majority interest in RASIRC Inc, a San Diego-based manufacturer of ultra liquid and gas purifier.
Ascender Software LLC | Matrix Medical Network
Matrix Medical Network, a unit of Welsh, Carson, Anderson & Stowe, acquired Ascender Software LLC, a San Diego-based developer of health and medical data management software, for an undisclosed amount in cash.
The Naked Edge LLC | Mister Goody Inc
Mister Goody Inc acquired a 50% stake in The Naked Edge LLC, a Boulder, Colo.-based producer and wholesaler of organic snacks, for $0.065 million.
OPEL Tech Inc-Solar Assets | Northern States Metals Co
Northern States Metals Co acquired the solar assets of OPEL Technologies Inc, a Toronto-based manufacturer and wholesaler of solar cells.
MCS Ventures-Assets & Certain | One Health Urgent Care Inc
One Health Urgent Care Inc, a wholly-owned unit of Big Eye Capital Inc's Capital Group Holdings Inc, definitively agreed to acquire assets and certain liabilities of MCS Ventures I Inc, MCS Ventures II Inc, MCS Ventures III PC, MCS Ventures IV PC, MCS Ventures IV PC, MCS Ventures V PC, MCS Ventures VI PC, and MCS Ventures VII PC, Arizona- based venture capital firms, in exchange for 5 million third party Capital restricted common shares and up to an undisclosed amount in profit- related payments.
Freeh Sporkin & Sullivan LLP | Pepper Hamilton LLP
Pepper Hamilton LLP planned to merge with Freeh Sporkin & Sullivan LLP, a Wilmington-based law firm. Terms were not disclosed. The transaction was to include Freeh Group International Solutions LLC.
Recovery Works | Pinnacle Treatment Centers Inc
Pinnacle Treatment Centers Inc acquired Recovery Works Drug and Alcohol Rehabilitation Center LLC, a Georgetown-based provider of healthcare facilities.
Mailgun Inc | Rackspace Hosting Inc
Rackspace Hosting Inc definitively agreed to acquire Mailgun Inc, a San Francisco-based provider of web mail services.
SermonSpice.com | Salem Church Products
Salem Church Products, a unit of Salem Communications Corp, acquired SermonSpice. com, a Fresno, Calif.-based provider of online media services. Terms were not disclosed.
Royal Standard-Goldwedge | Scorpio Gold Corp
Scorpio Gold Corp of Canada, a majority owned unit of Scorpio Mining Corp signed a letter of intent to acquire the Goldwedge, Pion and Fondaway Canyon properties, located in Nevada of Royal Standard Minerals Inc, a gold mining company, for $25.115 million.
SAIC-Govt Technical Services Business | Shareholders
SAIC Inc, a Mclean, Va.-based provider of system integration services, planned to spin off its Government Technical Service/IT business to its shareholders.
Magellan Petroleum Corp | Stratex Oil & Gas Holdings Inc
Stratex Oil & Gas Holdings Inc planned to launch a tender offer to acquire the entire share capital of Magellan Petroleum Corp, a Denver-based oil and gas exploration and production company, for $2.3 in cash per share, or a total value of $128.034 million.
Elevation Pharmaceuticals Inc | Sunovion Pharmaceuticals Inc
Sunovion Pharmaceuticals Inc, a unit of the Aptiom Inc wholly-owned subsidiary of Dainippon Sumitomo Pharma Co Ltd's Dainippon Sumitomo Pharma America Holdings Inc wholly-owned unit, definitively agreed to acquire Elevation Pharmaceuticals Inc, a San Diego-based manufacturer of respiratory pharmaceuticals, for an estimated $430 million.
Metropolitan Senior Housing | Sunrise Senior Living Invest
Sunrise Senior Living Investments Inc, a wholly- owned subsidiary of Sunrise Senior Living Inc, agreed to acquire the remaining 75% interest in Metropolitan Senior Housing LLC, a real estate management and development firm, from HVP Sun Investor LLC, for an estimated $120 million.
DuPont-Profefssional Prod Bus | Syngenta AG
Syngenta AG of Switzerland agreed to acquire the Professional Products insecticide business of El du Pont de Nemours & Co Inc, a Wilmington, Del.-based manufacturer of chemical and electronic products, for $125 million.
DuPont-Coatings Unit | The Carlyle Group LP
The Carlyle Group LP definitively agreed to acquire the Performance coatings unit of EI du Pont de Nemours & Co, a Wilmington-based manufacturer of chemical and electronic products, for $4.9 billion in cash, in a leveraged buyout transaction. Originally, in October 2011, DuPont announced that it was seeking a buyer for its Performance coatings unit. Valspar Corp, Akzo Nobel NV, Carlyle Group LP, Apollo Global Management LLC, TPG Capital LP, Advent International, KKR & Co LP, Onex Corp, Bain Capital, Clayton Dubilier & Rice LLC, CVC Capital Partners and Blackstone Group LP were potential bidders.
Orthodontic Design & Prod Inc | The Riverside Co
The Riverside Co acquired Orthodontic Design & Production Inc, a Vista-based manufacturer of orthodontic products, in a leveraged buyout transaction.
Deltek Inc | Thoma Bravo LLC
Thoma Bravo LLC definitively agreed to acquire the entire capital of Deltek Inc, a Herndon-based developer of enterprise applications software, from New Mountain Capital LLC (59.5%) and other shareholders (40.5%), for $13 in cash per share, or a total value of $915.969 million in cash, in a secondary buyout transaction. Hellman & Friedman LLC & Bain Capital LLC were named as potential bidders. Previously, New Mountain acquired a 75% interest in Deltek, in a leveraged buyout transaction.
TPC Group Inc | TPC Group Inc SPV
TPC Group Inc SPV, a special purpose acquisition vehicle created by First Reserve Corp and SK Capital Partners LP, definitively agreed to acquire the entire share capital of TPC Group Inc, a Houston-based manufacturer of chemical products, for $40 in cash per share, or a total value of $945.728 million. Originally, in August 2012, FR was rumored to be in negotiations to acquire TPC.
TMW Systems Inc | Trimble Navigation Ltd
Trimble Navigation Ltd definitively agreed to acquire the entire share capital of TMW Systems Inc, a Beachwood-based developer of enterprise transportation software, from Pamlico Capital LLC, for $335 million in cash.
BeehiveLive Inc | Tri-Media Integrated Mktg Tech
CANADA - Tri-Media Integrated Marketing Technologies Inc, a unit of Andromeda Media Capital Corp Ltd, acquired the remaining undisclosed minority stake, which it did not already own, in BeehiveLive Inc, Towson-based developer of marketing software, for CAD$0.522 million.
Drug Safety Alliance Inc | United Drug plc
United Drug PLC of Ireland agreed to acquire the entire share capital of Drug Safety Alliance Inc, a Durham- based provider of pharmaceutical safety and risk management services, for $28 million. The consideration was to consist of $21 million in cash and up to $7 million in profit-related payments. Concurrently, United agreed to acquire Synopia RX LLC.
Synopia RX LLC | United Drug plc
United Drug PLC of Ireland agreed to acquire the entire share capital of Synopia RX LLC, a Cary-based provider of medical and healthcare services, for an estimated $12 million. The consideration was consisted of $3.2 in cash and $8.8 million in profit-related payments. Concurrently, United Drug PLC of Ireland agreed to acquire the entire share capital of Drug Safety Alliance Inc.
Johnnie's Foodmaster-Stores 6 | Whole Foods Market Inc
Whole Foods Market Inc was rumored to be planning to acquire 6 stores of Johnnie's Foodmaster Inc, a Somerville- based owner and operator of supermarkets.
Shearer's Foods Inc | Wind Point Partners
Wind Point Partners agreed to acquire Shearer's Foods Inc, a Brewster, Ohio-based producer and retailer of snack foods, from Mistral Equity Partners LLC, in a secondary buyout transaction. Previously, Mistral acquired Shearer's, in a leverage buyout transaction.
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