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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

Yahoo, GB Aero Engine, Sanchez Energy

GB Aero spends $94.39M for EDAC Technologies; Yahoo acquires Jybe Inc.; Sanchez buys assets from Hess for $265M

Target | Acquirer                                                                                                                                                                  Synopsis

2nd Solutions LLC | AERC Recycling Solutions

AERC Recycling Solutions acquired 2nd Solutions LLC, a Richmond-based provider of recycling services for electronic gadgets. Terms were not disclosed.

Cole Credit Ppty Tr III Inc | American Rlty Capital Ppty Inc

American Realty Capital Properties Inc planned to launch an unsolicited offer to acquire the entire share capital of Cole Credit Property Trust III Inc, a Phoenix-based real estate investment trust, in a stock swap transaction, valued at $5.736 bil. ARCP offered a choice of $12 in cash, or 0.8 common share per CCPT III stock, subject to proration whereby 40% of the consideration was to consist of cash and the remaining 60% in ARCP common shares.

Micron Technologies Inc | Arlington Capital Partners LP

Arlington Capital Partners LP acquired Micron Technologies Inc, a Malvern- based provider of pharmaceutical research and development services, in a leveraged buyout transaction.

Firehole Technologies Inc | Autodesk Inc

Autodesk Inc acquired Firehole Technologies Inc, a Laramie-based developer of design and analysis software.

TDG & Associates | Axxess Unlimited LLC

Axxess Unlimited LLC signed a Letter of Intent to acquire TDG & Associates, a Scottsdale- based provider of marketing services.

Solar Project Portfolio | Borrego Solar Systems Inc

Borrego Solar Systems Inc acquired an undisclosed solar project portfolio, located in California.

Cannon County Hospital LLC | Capella Healthcare Inc

Capella Healthcare Inc, through its subsidiary, acquired a 60% interest in Cannon County Hospital LLC, a Woodbury-based owner and operator of medical and surgical hospitals. Upon completion, Cannon was merged with sub and sub's White County Community Hospital LLC unit to form a new entity.

Labotix Automation Inc | Cerner Corp

Cerner Corp acquired Labotix Automation Inc, an Omaha-based provider of clinical laboratory automation services.

Phillips 66-E-Gas Technology | Chicago Bridge & Iron Co NV

Chicago Bridge & Iron Co NV of the Netherlands agreed to acquire the E-Gas Technology business of Phillips 66, a Houston-based manufacturer of refined oil.

Lane Management LLC | Cocke Finkelstein Inc

Cocke Finkelstein Inc planned to acquire Lane Management LLC, an Atlanta- based real estate management firm. Terms were not disclosed.

Palomar Medical Tech Inc | Commander Acquisition Corp

Commander Acquisition Corp, a wholly-owned unit of Cynosure Inc, definitively agreed to merge with Palomar Medical Technologies Inc, a Burlington-based manufacturer and wholesaler lasers, delivery systems and related disposable products, for an estimated $9.854 per share, or a total value of $198. 325 mil. The consideration was to consist of $6.825 in cash and 0.24 in Cynosure common shares per share valued at $60.488 mil. The shares were valued based on Cynosure's closing stock price of $12.62 on March 15, the last full trading day prior to the announcement. Upon completion, Cynosure and Palomar was to own 77% and 23%, respectively, of the merged entity.

iTRACS Corp | CommScope Inc

CommScope Inc, a unit of The Carlyle Group LP's The Carlyle Group LLC subsidiary, acquired iTRACS Corp, Tempe- based provider of automated non-proprietary real-time physical network management systems, in a leveraged buyout transaction. Terms were not disclosed.

Copper One USA Inc | Cornerstone Metals Inc

Cornerstone Metals Inc of Canada signed a Letter of Intent to acquire the entire share capital of Copper One USA Inc, a Reno-based copper mining company, from Copper One Inc, in exchange for 1.5 mil common shares valued at $0.088 mil. The shares were valued based on Cornerstone's closing stock price of $0.059 on March 20, the last full trading day prior to the announcement.

Quintana Kopper Glo | Corsa Coal Corp

Corsa Coal Corp of Canada agreed to acquire all of the outstanding common shares of Quintana Kopper Glo Investments LLC, a Knoxville- based investment company, from Quintana Energy Partners LP, for 130.2 mil Corsa Coal common shares valued at $12.709. The shares were valued based on Corsa Coal's closing stock price of $0. 1 on March 20, the last full trading day prior to the announcement.

K-V Pharmaceutical Co | Creditors

KV Pharmaceutical Co (KV) , a St. Louis-based manufacturer and wholesaler of pharmaceutical products, planned to a debt restructuring transaction with Creditors. Senior Secured Notes Claimholders will receive 97% of the New Common Stock of reorganized KV and New Second Lien Term Loan. Convertible Subordinated Note holders will receive 3% of the New Common Stock of reorganized KV. The book value of the existing debt that will be exchanged under the terms of the offer is $425 mil.

Pisano's Restaurant | Davids Steak & Seafood

Davids Steak & Seafood, a unit of Solanbridge Group Inc, signed Letter of Intent {LoI} to acquire Pisano's Restaurant, a Palm Bay-based owner and operator of restaurant, for $1 mil. The transaction was to include Pisano's Restaurant's real estate and building.

Creativebug Inc | Demand Media Inc

Demand Media Inc acquired Creativebug Inc, a San Francisco-based provider of online workshops services.

Open Mile Inc | Echo Global Logistics Inc

Echo Global Logistics Inc acquired Open Mile Inc, a Boston-based trucking brokerage company. Terms were not disclosed.

ETP Holdco Corp | Energy Transfer Partners LP

Energy Transfer Partners LP agreed to acquire the remaining 60% interest, which it did not already own, in ETP Holdco Corp, a petroleum holding company, from joint venture partner Energy Transfer Equity LP, for $3.75 bil, in a stock swap transaction. The consideration was to consist of $1.4 bil in cash and the issuance of $2.35 bil in ETP common units.

Gorman & Gorman-Certain Assets | Enterprise Bank & Trust

Enterprise Bank & Trust, a subsidiary of Enterprise Financial Services Corp, definitively agreed to acquire certain assets from Gorman & Gorman Home Loans Inc, a St. Louis-based provider of mortgage banking services. Terms were not disclosed.

Evergreen Helicopters Inc | Erickson Air-Crane Inc

Erickson Air-Crane Inc agreed to acquire the entire share capital of Evergreen Helicopters Inc, a Mcminnville-based provider of air transport services, from Evergreen International Aviation Inc, for $276.3 mil. The consideration was to consist of $185 mil is cash, $17.5 mil in unsecured promissory notes, $47.5 mil in convertible preferred shares and up to $26.3 mil in profit- related payments.

Bk of America-Illinois Branch | First Financial Corp

First Financial Corp agreed to acquire the seven Illinois branches of Charlotte-based Bank of America Corp.

C2 Group | FTI Consulting Inc

FTI Consulting Inc acquired C2 Group, a Washington-based provider of consulting services. Terms were not disclosed.

EDAC Technologies Corp | GB Aero Engine LLC

GB Aero Engine LLC, a wholly-owned unit of Greenbriar Equity Group LLC, definitively agreed to acquire the entire share capital of EDAC Technologies Corp, a Farmington- based manufacturer of precision components, via a tender offer, for $17.75 in cash per share, or a total value of $94.385 mil. The offer was conditioned upon at least 50% of ETC's shares being tendered.

Senior Care Ppty Potfolio(13) | HealthLease Properties REIT

HealthLease Properties Real Estate Investment Trust acquired a portfolio of thirteen senior care properties, located in North Carolina, Pennsylvania and Virginia, for an estimated $141.7 mil.

Datria Systems Inc | Intelligrated Inc

Intelligrated Inc, a majority owned unit of Permira Advisers LLP acquired Datria Systems Inc, a Greenwood Village-based provider of voice-enabled enterprise mobility applications.

StarTrust Federal Credit Union | InvesTex Credit Union

InvesTex Credit Union agreed to merge with Houston- based, StarTrust Federal Credit Union. Terms were not disclosed.

TrustHouse Services Group Inc | Investor Group

An investor group, comprised of Elior SA of France, a unit of Charterhouse Capital Partners LLP's Holding Bercy Investissement SCA unit, and the management of TrustHouse Services Group Inc, definitively agreed to acquire TrustHouse, a Charlotte-based provider of food management services, from Gryphon Investors Inc. Terms were not disclosed.

Kansas Inpatient Services LLC | IPC The Hospitalist Co Inc

IPC The Hospitalist Co Inc acquired Kansas Inpatient Services LLC, a Wichita-based provider of healthcare services. The transaction included Kansas Long Term Care Physicians LLC.

MetroFax Inc | j2 Global Inc

j2 Global Inc acquired MetroFax Inc, a Bellevue- based provider of online fax services. Terms were not disclosed.

myDUIattorney.org | LeadRival

LeadRival acquired myDUIattorney.org, a Hurst- based provider of online legal services. Terms were not disclosed.

Sirens Media LLC | Leftfield Pictures Of NY Inc

Leftfield Pictures Of NY Inc acquired Sirens Media LLC, a Silver Spring-based provider of television program production services.

Texas Hill Country Barbecue | LIG Assets Inc

LIG Assets Inc acquired an undisclosed majority interest in Texas Hill Country Barbecue, a Jupiter-based producer of smoked meat and poultry products, in a leveraged buyout transaction. On completion, LIG was renamed South American Properties Inc.

Signature Systems Group LLC | Linsalata Capital Fund VI

Linsalata Capital Partners Inc, through its Linsalata Capital Partners Fund VI LP unit, acquired an undisclosed majority interest in Signature Systems Group LLC, a New York-based manufacturer and wholesaler of ground surfaces and coverings, from Dubin Clark & Co Inc, in a leveraged buyout transaction.

Packet Design LLC | Lone Rock Technology Group LLC

Lone Rock Technology Group LLC acquired Packet Design LLC, a Santa Barbara- based provider of route analytics solutions services.

Lime Rock Resources-Oklahoma | LRR Energy LP

LRR Energy LP definitively agreed to acquire the oil and gas properties, located in Oklahoma, from Lime Rock Resources, a Houston-based oil and gas exploration and production company and a unit of Lime Rock Management LP, for an estimated $38.2 mil.

Memorial Resource Dvlp-Ppty | Memorial Production Partners

Memorial Production Partners LP definitively agreed to acquire the oil and gas producing properties from Memorial Resource Development LLC, a Houston-based oil and gas exploration and production company, for $200 mil.

Aspen Motion Technologies Inc | Moog Inc

Moog Inc acquired Aspen Motion Technologies Inc, a Radford-based manufacturer of electronic and motorized equipment, from Pentair Ltd, for approximately $34 mil in cash.

ARSgroup | MSW ARS Research

MSW Research Inc acquired ARSgroup, an Evansville-based provider of provides commercial research services, from ComScore Inc. On completion, the new company was to be renamed MSWARS Research.

Beach House,Hilton Head | Northview Hotel Group LLC

Northview Hotel Group LLC acquired Beach House, a Hilton head-based owner and operator of a resort.

Coos Educators FCU | Northwest Community CU

Northwest Community Credit Union merged with Coos Bay-based Coos Educators Federal Credit Union. Terms were not disclosed

NPS Pharm Inc-Assets | NPS Pharmaceuticals Inc

NPS Pharmaceuticals Inc (NPS) acquired Teduglutide and PTH 1-84 assets from Takeda Pharmaceutical Co Ltd, an Osaka-based manufacturer and wholesaler of pharmaceutical products, for $80 mil. The consideration was to consist of $50 mil in NPS common shares and up to $30 mil profit-related payments in cash or NPS common shares.

mBlox Ltd-Premium SMS | OpenMarket Inc

OpenMarket Inc, a wholly- owned unit of Amdocs Ltd, planned to acquire the Premium SMS business of mBlox Ltd, a Sunnyvale-based provider of wireless messaging services.

Shouting Ground Tech Inc |Pavlov Media Inc

Pavlov Media Inc acquired Shouting Ground Technologies Inc, a Champaign- based provider of information technology services.

Livestar Inc | Pinterest Inc

Pinterest Inc acquired Livestar Inc, a Seattle-based provider of website, online and mobile services. Terms were not disclosed.

AdExcite LLC | Q1Media LLC

Q1Media LLC merged with AdExcite LLC, an Austin-based provider of digital video advertising services. On completion, the combined entity was renamed Q1Media Inc.

Ally Bank-Mortgage Servicing | Quicken Loans Inc

Quicken Loans Inc agreed to acquire the mortgage servicing rights portfolio of Philadelphia-based Ally Bank, a unit of state majority- owned Ally Financial Inc, for an estimated $280 mil.

Freije Engineered Solutions Co | Refrigeration Systems Co

Refrigeration Systems Co merged with Freije Engineered Solutions Co, a Fishers-based provider of refrigeration repair services. Terms were not disclosed.

Montana Rifleman Inc | Remington Arms Co Inc

Remington Arms Co Inc, a unit of Cerberus Capital Management LP, acquired Montana Rifleman Inc, a Kalispell-based manufacturer and wholesaler of firearms. Terms were not disclosed.

Aerospace Prods Intl Inc | Resilience Capital Partners

Resilience Capital Partners LLC agreed to acquire an undisclosed majority interest in Aerospace Products International Inc, a Memphis- based wholesaler of aircraft parts and accessories, from First Aviation Services Inc, in a leveraged buyout transaction.

Harmony Concepts LLC | Rhema Health Products Ltd

Rhema Health Products Ltd of Canada acquired Harmony Concepts LLC, an Ogden-based manufacturer of nutritional and dietary supplements.

Humble Oil Complex,Houston,TX | RLJ Lodging Trust

RLJ Lodging Trust acquired Humble Oil Building, a Houston-based owner and operator of an apartment complex, for $79.5 mil.

Hess Corp-Eagle Ford Shale | Sanchez Energy Corp

Sanchez Energy Corp definitively agreed to acquire the Eagle Ford Shale assets located in Texas of Hess Corp, a New York-based manufacturer of petroleum, for an estimated $265 mil in cash.

Socialize Inc | ShareThis Inc

ShareThis Inc acquired Socialize Inc, a San Francisco-based developer of solutions to make social applications. Terms were not disclosed.

Ideal Dialogue Co | StarTek Inc

StarTek Inc acquired Ideal Dialogue Co, a Lutz- based provider of customer service solutions. Terms were not disclosed.

Veterans Administration Credit | Summit Credit Union

Summit Credit Union planned to merge with Veterans Administration Credit Union, a Milwaukee- based non-profit trade association.

Lilien LLC | Sysorex Global Holdings Corp

Sysorex Global Holdings Corp acquired Lilien LLC, a Larkspur-based provider of enterprise information technology infrastructure solution services.

Agility Health Inc | Thornapple Capital Inc

Thornapple Capital Inc of Canada, signed a letter of intent to acquire the entire share capital of Agility Health Inc (Agility), a Grand Rapids-based provider of rehabilitation services, in exchange for 26.6 mil Thornapple common or restricted common shares, in a reverse takeover transaction. Upon completion, Thornapple and Agility shareholder were to own 7.06% and 92.94%, respectively.

Beeem Inc | TripAdvisor Inc

TripAdvisor Inc acquired Beeem Inc, a Palo Alto-based provider of image software services. Terms were not disclosed.

Cardinal State Bank,Creedmoor | Union Bank NA

Union Bank NA, a unit of the UnionBanCal Corp subsidiary of Mitsubishi UFJ Financial Group Ltd's Bank of Tokyo-Mitsubishi UFJ Ltd unit agreed to acquire, a Creedmoor-based Cardinal State Bank from Yadkin Valley Bank & Trust Co and a unit of Yadkin Valley Financial Corp. Terms were not disclosed.

Hostess Brands Inc-Assets | United States Bakery Inc

United States Bakery Inc planned to acquire the assets of bankrupt Hostess Brands Inc, an Irving-based producer of bakery products, and a unit of Ripplewood Holdings LLC, for an estimated $30. 9 mil, via an auction. The assets were to include the brands Sweetheart, Eddy's, Standish Farms, and Grandma Emilie's, four bakeries, 15 depots, and certain equipment.

Deutsche Bank AG-US Municipal | US Bank - Minneapolis

US Bank National Association, Minneapolis, Minnesota, a wholly owned unit of US Bancorp definitively agreed to acquire the US municipal bond trustee business, located in Minnesota of Deutsche Bank AG, a Frankfurt-based provider of banking and financial services. Terms were not disclosed.

Obagi Medical Products Inc | Valeant Pharmaceuticals

Valeant Pharmaceuticals International Inc of Canada, definitively agreed to acquire the entire share capital of Obagi Medical Products Inc (Obagi), a Long Beach-based manufacturer and wholesaler of skin care systems and products, via a tender offer for $19.75 in cash per share, or a total value of $344.324 mil. The offer was conditioned upon at least a majority of Obagi's shares being tendered on a fully-diluted basis.

Kentrox Inc | Westell Inc

Westell Technologies Inc, through its Westell Inc subsidiary, definitively agreed to acquire Kentrox Inc, a Dublin-based provider of site monitoring, management, and control services, for $30 mil in cash.

Fizzy Lizzy LLC | White Rock Products Corp

White Rock Products Corp acquired Fizzy Lizzy LLC, a Jersey City-based producer and wholesaler of natural sparkling juice brands. Terms were not disclosed.

Jybe Inc | Yahoo! Inc

Yahoo! Inc acquired Jybe Inc, a Menlo Park-based application services provider. Terms were not disclosed.

 

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