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The first installment of our new predictive index shows that dealmakers expect overall M&A to increase, with health care outperforming the overall market READ MORE 

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 3M, Trimaran Capital-backed Charlie Browns and Microsoft; other recent deals listed here

Target | Acquirer

Ceradyne Inc | 3M Co

3M Co definitively agreed to acquire the entire share capital of Ceradyne Inc, a Costa Mesa-based manufacturer and wholesaler of advanced ceramic products, via tender offer, for $35 in cash per share, or a total value $851.981 million.

LJL Properties LLC | AdCare Property Holdings LLC

AdCare Property Holdings LLC, a wholly owned unit of AdCare Health Systems, Inc agreed to acquire LJL Properties LLC, a Rogers- based owner and operator of nursing homes, for $6.3 million. The consideration was to consist of $0.78 million in cash and the assumption of $5.520 million in liabilities.

Monster Offers | adShark Inc

adShark Inc, a unit of Iconosys Inc, agreed to merge with Monster Offers Inc, a Bonsall-based deevloper of social media and marketing software.

Swanson Industries Inc | AEA Investors LP

AEA Investors LP, a wholly-owned unit of AEA Holdings, acquired Swanson Industries Inc, a Morgantown- based manufacturer and wholesaler of industrial products, in a leveraged buyout transaction.

1000memories Inc | Ancestry.com Inc

Ancestry.com Inc, a majority-owned unit of Spectrum Equity Investors LP, acquired 1000memories Inc, a San Francisco based developer of photo digitizing software. Terms were not disclosed.

Kidder Township-Wastewater | Aqua Pennsylvania Inc

Aqua Pennsylvania Inc, a majority-owned unit of Aqua America Inc, acquired the wastewater system assets of Kidder Township, a city government, for $ 11.3 million.

The Frank | Archstone-Smith Trust

Archstone-Smith Trust, a unit of Lehman Brothers Holdings Inc, acquired The Frank, a Venice-based owner and operator of apartment buildings for $ 56.2 million.

Mesa Energy Holdings Inc | Armada Oil Inc

Armada Oil Inc (Armada) signed a letter of intent to merge with Mesa Energy Holdings Inc (Mesa), a Dallas-based oil and gas exploration and production company, in a stock swap transaction valued at $32.488 million. Armada offered 0.325 common share per Mesa share. Based on Armada's closing stock price of $1.2 on 2 October 2012, the last full trading day prior to the announcement, each Thomas share was valued at $ 0.39.

Qontext | Autodesk Inc

Autodesk Inc acquired Qontext, a Mountain View- based developer of social enterprise software. Terms were not disclosed.

C&S Crane & Rigging Inc | Barnhart Crane & Rigging Co

Barnhart Crane & Rigging definitively agreed to acquire C&S Crane & Rigging Co, a Syracuse-based trucking company, from C&S Co.

4A Technologies LLC | BioNBioNitrogen Plant FL I LLC

BioNitrogen Plant FL I LLC, a wholly-owned unit of BioNitrogen Corp acquired 4A Technologies LLC, a Lubbock- based provider of technology patent services.

Midland Cogeneration Venture | Borealis Infrastructure Inc

Borealis Infrastructure Inc of Canada definitively agreed to acquire the entire share capital of Midland Cogeneration Venture LP, a Midland-based owner and operator of a cogeneration plant, from EQT Funds Management Ltd, a unit of EQT Partners BV, and Fortistar LLC, in a leveraged buyout transaction. Terms were not disclosed.

Bosque Power Co LLC | Calpine Corp

Calpine Corp agreed to acquire Bosque Power Co LLC, a Laguna Park-based owner and operator of natural gas power plant, from Arcapita Inc, a wholly-owned unit of Arcapita Bank BSC, for an estimated $ 432 million in cash.

OneSource Information Services | Cannondale Investments

Cannondale Investments acquired OneSource Information Services Inc, a Concord-based provider of online financial information services, from InfoGroup Inc, a unit of the CCMP Capital Advisors LLC subsidiary of JP Morgan Chase & Co's JP Morgan Partners LLC unit. Terms were not disclosed.

Rave Review- Complexes(16) | Carmike Cinemas Inc

Carmike Cinemas Inc definitively agreed to acquire 16 entertainment theaters of Rave Reviews Cinemas LLC, a Dallas-based owner and operator of movie theaters, and a unit of BV Investment Partners, for $ 119.4 mil. The consideration consists of $19 million in cash and the assumption of $ 100.4 million in liabilities.

ProMedical Inc | CBIZ Inc

CBIZ Inc acquired ProMedical Inc, an Ocala- based provider of medical billing services.

SEBS-The Pruett Group Inc | CBIZ Inc

CBIZ Inc definitively agreed to acquire Strategic Employee Benefit Services-The Pruett Group Inc, a Nashville- based provider of employee benefit and management consulting services.

Texas Steakhouse & Saloon-Rest | Charlie Browns Inc

Charlie Browns Inc, a wholly-owned unit of Trimaran Capital Partners LLC, acquired the 19 restaurants of Texas Steakhouse & Saloon, a North Carolina-based owner and operator of restaurants.

Aisling Industries | Creation Technologies LP

Creation Technologies LP of Canada, a unit of Birch Hill Equity Partners Management Inc acquired Aisling Industries, an El Centro-based manufacturer of printed circuit boards.

Savary Island Wireless LLC | Cricket Communications Inc

Cricket Communications Inc, a unit of Leap Wireless International Inc, acquired the remaining 15% stake, which it did not already own in Savary Wireless Island LLC, a provider of wireless telecommunications services, from Ring Island Wireless LLC, for an estimated $5.3 million in cash.

ClickMotive LP | DealerTrack Holdings Inc

DealerTrack Holdings Inc acquired ClickMotive LP, a Plano-based developer of marketing software, for $ 56.55 mil. The consideration was to consist of $48.9 million in cash and $7.65 million in profit-related payments.

Online Print Solutions | EFI

Electronics for Imaging Inc acquired Online Print Solutions Inc, a San Francisco-based developer of online print software.

Escalon Medical Corp-Clinical | ERBA Diagnostics Inc

ERBA Diagnostics Inc acquired the clinical diagnostics business of Escalon Medical Corp, a Wayne- based manufacturer and wholesaler of medical devices, $6.5 million in cash.

Quaterra Resources Inc-Butte | Freeport-MacMoRan Mineral

Freeport McMoRan Mineral Properties Inc, a unit of Freeport McMoRan Copper & Gold Inc acquired 70% interest in Butte Valley property, located in Nevada of Quaterra Resources Inc, a Vancouver-based precious metal mining company, for $ 3 million. The consideration was consisted of $2 million and up to $1 million in profit related payments.

AppCentral Inc | Good Technology Inc

Good Technology Inc, a unit of Visto Corp, acquired AppCentral Inc, a San Francisco-based developer of mobile application management software. Terms were not disclosed.

Viewdle Inc | Google Inc

Google Inc was rumored to be planning to acquire Viewdle Inc, a New York-based facial-recognition-based digital software. Terms were not disclosed but, according to people familiar with the transaction, the deal was valued at an estimated $45 mil.

MiaSol | Hanergy Holding Group Ltd

Hanergy Holding Group Ltd agreed to acquire MiaSole, a Santa Clara-based manufacturer of photovaltaic products for $30 mil/asset.

Gallant Geoconsulting Inc-Gold | Hellix Ventures Inc

Hellix Ventures Inc of Canada, agreed to acquire the Golden Knight property of Gallant Geoconsulting Inc, a gold mining company, in exchange for 3.75 Hellix common shares valued at $ 0.573 mil. The shares were valued based on Helix'es closing stock price of $ 0.153 on 30 September 2012, the last full trading day prior to the announcement.

Coeur Inc | Illinois Tool Works Inc

Illinois Tool Works Inc acquired Coeur Inc, a Lebanon- based manufacturer of disposable medical products, from Riverside Co.

Avanti Health Systems LLC-Los | Investor Group

An investor group, comprised of American Healthcare Investors LLC, Griffin Capital Corp, and Griffin-American Healthcare REIT II Inc, acquired the Los Angeles Hospital portfolio, located in Norwalk, California, of Avanti Health Systems LLC, a Hurley-based provider of medical and health care services, for $ 108.7 million. The transaction included the Frisco Medical Office Building in Frisco, Texas, and Mountainside Medical Building I and II in Jasper, Georgia.

Wescon Products Co | Investor Group

An investor group, led- by Caledonia Investments PLC and Nova Capital Management Ltd, acquired Wescon Products Co, a Wichita-based manufacturer of mechanical controls and cable assemblies, for $ 40 million in cash. The transaction included Wescon Plastics LLC, MC Electronics Inc, Coast Wire & Plastic Tech Inc and Anderson & Forrester Inc.

The Manhattan at Times Square | Investor Group

An investor group comprised of Highgate Holdings Inc, Rockpoint Group LLC and Goldman Sachs Real Estate Principal Investment Area acquired The Manhattan at Times Square Hotel, a New York-based owner and operator of hotel, from Starwood Hotels & Resorts Worldwide Inc, for $ 275 million in cash.

Deltak edu Inc | John Wiley & Sons Inc

John Wiley & Sons Inc agreed to acquire Deltak edu Inc, an Oak Brook-based provider of online education services, for $ 220 million.

Excelsior Solutions LLC | Lockton Dunning Benefits Inc

Lockton Dunning Benefits Inc, a unit of Lockton Cos LLC acquired Excelsior Solutions LLC, an Edina-based provider of pharmaceutical and healthcare consulting services. Terms were not disclosed.

Emmis Interactive Inc | Marketron Broadcast Solutions

Marketron Broadcast Solutions LLC, a unit of Wicks Group of Cos LLC, acquired Emmis Interactive Inc, a Chicago-based provider of content-management and radio data services, from Emmis Communications Corp, in a leveraged buyout transaction.

Cross Oil Refining,Mktg-Assets | Martin Midstream Partners LP

Martin Midstream Partners LP (MMLP) acquired certain specialty lubricant product packaging assets of Cross Oil Refining & Marketing Inc, a Smackover- based manufacturer of refined oils and lubricants, and a unit of Martin Resource Management Corp, for $ 121.8 million in cash. Concurrently, MMLP acquired the remaining 89.3% interest, which it did not already own, in Redbird Gas Storage LLC.

Redbird Gas Storage LLC | Martin Midstream Partners LP

Martin Midstream Partners LP acquired the remaining 89.3% interest, which it did not already own in Redbird Gas Storage LLC, a provider of natural gas storage services, from Martin Resource Management Corp, for $150 million in cash. Concurrently, MMLP acquired certain specialty lubricant product packaging assets of Cross Oil Refining & Marketing Inc.

Metrics Inc | Mayne Pharma Ltd

Mayne Pharma Group Ltd of Australia agreed to acquire Metrics Inc, a Greenville-based provider of pharmaceutical development services, for $105 million in cash.

Resistance Temperature-Certain | Measurement Specialties Inc

Measurement Specialties Inc acquired certain assets of Resistance Temperature Detector Co Inc, a Ham Lake- based manufacturer of process control equipment and a unit of Cambridge Technologies Inc, for $17.2 million in cash.

PhoneFactor Inc | Microsoft Corp

Microsoft Corp acquired PhoneFactor Inc, an Overland Park-based provider of phone authentication services. Terms were not disclosed.

Freeport Financial LLC | Moelis & Co LLC

Moelis & Co LLC acquired Freeport Financial LLC, a Chicago-based provider of financing solutions services. Terms were not disclosed.

Creative Circle LLC | Morgan Stanley Private Equity

Morgan Stanley Private Equity, wholly-owned unit of Morgan Stanley, acquired an undisclosed majority interest in Creative Circle LLC, a professional staffing firm, from Riordan Lewis & Haden Equity Partners, in a leveraged buyout transaction. Terms were not disclosed.

Jamco Products Inc | Myers Industries Inc

Myers Industries Inc acquired Jamco Products Inc, a South Beloit-based manufacturer of heavy-duty steel products.

Lane McVicker LLC | National Finl Partners Corp

National Financial Partners Corp acquired Lane McVicker LLC, a New York- based provider of personal lines insurance services.

Linda Valley Care Center | National Health Investors Inc

National Health Investors Inc acquired Linda Valley Care Center, a Loma Linda-based provider of independent living services, for $12 million.

MacMacleod Pharmaceuticals Inc | Neogen Corp

Neogen Corp acquired the entire share capital of Macleod Pharmaceuticals Inc, a Fort Collins-based manufacturer of animal pharmaceuticals.

MercadoMagico.com | NeoMagic Corp

NeoMagic Corp acquired MercadoMagico.com, a provider of ecommerce retail services.

JA Thomas & Associates Inc | Nuance Communications Inc

Nuance Communications Inc acquired JA Thomas & Associates Inc, an Atlanta-based provider of clinical data processing services.

Homeward Residential Hldg Inc | Ocwen Financial Corp

Ocwen Financial Corp agreed to acquire Homeward Residential Holdings Inc, a Coppell-based provider of mortgage services, from WL Ross & Co LLC, a unit of Invesco Ltd, for $ 750 million. The consideration was to consist of $588 million in cash and $162 million in Ocwen convertible preferred shares.

Waddington North America Inc | Olympus Partners LP

Olympus Partners LP acquired Waddington North America Inc (WNA), a Covington-based manufacturer of plastic tableware products, from Norwest Equity Partners and Seven Mile Capital Partners, and a unit of Court Square Capital Partners LP, in a secondary buyout transaction. Originally, in September 2012, Olympus was rumored to be planning to acquire an undisclosed majority interest in WNA.

Hulett Environmental-Branches | Orkin LLC

Orkin LLC, a wholly- owned unit of Rollins Inc, acquired eight branches of Hulett Environmental Services, a West Palm Beach-based provider of pest control services. Terms were not disclosed. The transaction included branches in Orlando, Daytona Beach, Sarasota, Oviedo, Tampa Bay, Lake County, Melbourne and Kissimmee.

Cuyahoga-Invest Advisory Bus | Private Advisors LLC

Private Advisors LLC, a majority-owned unit of New York Life Insurance Co's New York Life Investment Management Holdings LLC subsidiary, acquired the investment advisory business of Cuyahoga Capital Partners LLC, a Cleveland-based private equity firm.

Sunbelt Steel Texas Inc | Reliance Steel & Aluminum Co

Reliance Steel & Aluminum Co acquired the entire share capital of Sunbelt Steel Texas Inc, a Houston-based wholesaler of alloy bar. Terms were not disclosed.

CR Brands Inc | Resilience Capital Partners

Resilience Capital Partners LLC acquired CR Brands Inc, a West Chester-based manufacturer of household cleaning and personal care products, from Juggernaut Capital Partners LP (JCP), in a leveraged buyout transaction. Terms were not disclosed. Previously, JCP acquired CR, in a leveraged buyout transaction.

The Saxon Group Inc | rPrimoris Energy Services

Primoris Energy Services, unit of Primoris Services Corp, acquired The Saxon Group Inc, a Suwanee-based construction company, for $3.2 million and up to a further $ 2.5 million in profit related payments

Imperial Valley Seeds Inc | S&W Seed Co

S&W Seed Co acquired Imperial Valley Seeds Inc, a Holtville-based wholesaler of alfalfa seed varieties, for an estimated $ 5.932 million. The consideration consisted of $3 million in cash, the issuance of 0.4 million Seed common shares, valued at $2.432 million, and $ 0.5 million in notes.

Atlas Capital Grp LLC-Bldg(2) | SL Green Realty Corp

SL Green Realty Corp acquired a portfolio of two buildings from Atlas Capital Group LLC, a New York-based real estate development firm, for $173 million in cash.

Houston OCTG Group Inc-Certain | Southern Tube LLC

Southern Tube LLC definitively agreed to acquire certain assets of Houston OCTG Group Inc, a Houston-based manufacturer of steel products, and a unit of WSP Holdings Ltd, for $43 million.

80/20 | Square Inc

Square Inc. acquired 80/ 20, a New York-based company specializing in interface design. Terms were not disclosed.

LigoCyte Pharmaceuticals Inc | Takeda America Holdings Inc

Takeda America Holdings Inc, a wholly-owned unit of Takeda Pharmaceutical Co Ltd, definitively agreed to acquire LigoCyte Pharmaceuticals Inc, a Bozeman-based manufacturer of prescription pharmaceutical products, for $ 60 million. The consideration was to consist of $60 million in cash, and an undisclosed amount in profit- related payments.

TCI Services Inc | Team Inc

Team Inc acquired TCI Services Inc, a Tulsa-based provider of inspection and repair services. Concurrently, Quest Integrity Group LLC acquired an undisclosed video inspection company. The two transactions had a combined value of $25 million in profit related payments.

Vermillion Asset Management | The Carlyle Group LP

The Carlyle Group LP acquired a 55% interest in Vermillion Asset Management LLC, a New York-based provider of investment management services, in a leveraged buyout transaction.

Celtic Healthcare Inc | The Washington Post Co

The Washington Post Co acquired an undisclosed majority interest of Celtic Healthcare Inc, a Mars-based provider of home health care services.

AACOA Inc | The William L Bonnell Co Inc

The William L Bonnell Co Inc, doing business as Bonnell Aluminum Inc, a wholly-owned unit of Tredegar Corp, acquired the entire share capital of AACOA Inc, an Elkhart-based manufacturer of aluminum extrusions, for an estimated $50.8 million.

Krystal Infinity LLC-Bus | Thor Industries Inc

Thor Industries Inc acquired the bus operation assets of Krystal Infinity LLC, a Brea-based manufacturer of buses and limousines, for $3.9 million in cash.

MetroPCS Communications Inc | T-Mobile USA Inc

T-Mobile USA Inc a unit of Deutsche Telekom AG, definitively agreed to merge with MetroPCS Communications Inc (MetroPCS), a Dallas- based provider of wireless telecommunications services, valued at $ 4.931 bil. The transaction was valued based on MetroPCS' closing stock price of $ 13.57 on 2 October 2012, the last full trading day prior to the announcement. Originally, T- Mobile was rumored to be planning to merge with MetroPCS.

Wanderfly LLC | TripAdvisor Inc

TripAdvisor Inc acquired Wanderfly LLC, a Brooklyn- based provider of online travel research services. Terms were not disclosed.

Thomas Russell LLC | UOP LLC

UOP LLC, a unit of Honeywell International Inc, definitively agreed to acquire a 70% interest in Thomas Russell LLC (Thomas), an Oklahoma City-based provider of skid-mounted modular plant systems, for $525 million in cash, via an auction. Concurrently, UOP was granted an option to acquire the remaining 30% interest, which it not already own, Thomas. Originally, in June 2012, Thomas announced that it was seeking a buyer for the company.

LucidMedia Networks Inc | Videology Inc

Videology Inc acquired LucidMedia Networks Inc, a Reston-based developer of digital media management software.

Micro-Point Inc | Westech Solutions LLC

Westech Solutions LLC acquired Micro-Point Inc, a Millwood-based provider of information technology services.

Catcorp Inc | Wireless Vision LLC

Wireless Vision LLC acquired Catcorp Inc, a Tulsa- based owner and operator of wireless retail stores.

Fox Energy Co LLC | Wisconsin Public Service Corp

Wisconsin Public Service Corp, a unit of Integrys Energy Group Inc, agreed to acquire Fox Energy Co LLC, a Kaukauna-based manufacturer of power transmission equipment, from General Electric Co and Tyr Energy Inc, for $440 million. The transaction was to include the Fox Energy Center.

 

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