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The weekly wrap: Bregal Sagemount, Riverside Partners, Softbank

Bregal Sagemount purchases Single Digits; Riverside Partners purchases MRA; Softbank buys Fortress Investment Group

TargetAcquirerValue ($millions)Synopsis
Aon Hewitt-Benefits Administration & HR Business Process Outsourcing Business Blackstone Group LP 4,800.0 Blackstone Group LP definitively agreed to acquire the benefits administration & HR business process outsourcing business of Aon PLC-owned Aon Hewitt, a provider of administrative management and general management consulting services in Lincolnshire, for an estimated $4.8 billion via a leveraged buyout transaction. The consideration would consist of $4.3 billion in cash and up to $500 million in profit-related payments and the assumption of an undisclosed amount in liabilities. Originally, in December 2016, Hewitt was rumored to be seeking a buyer for its employee benefits and outsourcing unit.
Fortress Investment Group LLC SoftBank Group Corp 3,119.3 SoftBank Group Corp of Japan definitively agreed to merge with Fortress Investment Group LLC, a New York-based private equity firm, for $8.08 per share or a total of $3.119 billion.
Zeltiq Aesthetics Inc Allergan PLC 2,383.5 Allergan PLC definitively agreed to acquire the entire share capital of ZELTIQ Aesthetics Inc, a Pleasanton-based manufacturer of medical technology products, for an estimated $56.50 per share or a total of $2.384 billion.
Cynosure Inc Hologic Inc 1,574.7 Hologic Inc definitively agreed to acquire the entire share capital of Cynosure Inc, a Westford-based manufacturer of irradiation apparatuses, for $66 per share or a total of $1.575 billion via tender offer. The transaction was conditional upon at least a majority of Cynosure's shares are tendered. Upon completion of the deal, Cynosures common shares would be delisted from NASDAQ.
DePuy Synthes Cos-Codman Neurosurgery business Integra LifeSciences Holdings Corp 1,045.0 Integra LifeSciences Holdings Corp definitively agreed to acquire Codman Neurosurgery business of DePuy Synthes Cos, a Warsaw-based manufacturer of orthopaedic and neuro products, ultimately owned by Johnson & Johnson, for an estimated $1.045 bil.
Summit Research Labs Inc Elementis PLC 360.0 Elementis PLC of the UK definitively agreed to acquire Summit Research Labs Inc, a Flemington-based manufacturer of chemical preparations, from One Rock Capital Partners LLC for $360 mil.
Peninsula Packaging Co LLC Sonoco Products Co 230.0 Sonoco Products Co definitively agreed to acquire Peninsula Packaging Co LLC, an Exeter-based manufacturer of industrial packaging products, from Odyssey Investment Partners LLC, for an estimated $230 mil.
GigPeak Inc Integrated Device Technology Inc 208.6 Integrated Device Technology Inc definitively agreed to acquire the remaining stake it does not already own in GigPeak Inc, a San Jose-based manufacturer of semiconductors and related device, for $3.08 per share or a total of $208.631 million.
Performance Motorsports International Inc Race Winning Brands 150.0 Race Winning Brands, a unit of Kinderhook Industries LLC, acquired Performance Motorsports International, a Mentor-based manufacturer of engine parts, from Dover Corp for $150 million. Antares Capital, Varagon Capital Partners, Madison Capital, and NewStar Financial are providing financing for the transaction. Kirkland & Ellis LLP served as legal counsel to Kinderhook. Lazard served as the exclusive financial advisor to Dover.
StoneRiver Inc Sapiens International Corp NV 102.0 Sapiens International Corp NV of Israel definitively agreed to acquire StoneRiver Inc, a Denver-based provider of technology solutions and services, for an estimated $102 million.
US Manufacturing Corp-Axle housing & Driveline Shaft Manufacturing Operations Dana Inc 100.0 Dana Inc definitively agreed to acquire the axle housing & driveline shaft manufacturing operations of US Manufacturing Corp, a Warren-based manufacturer of motor vehicle parts, ultimately owned by Wynnchurch Capital Ltd, for $100 million.
Residential Property,Brooklyn Clipper Realty Inc 87.5 Clipper Realty Inc agreed to acquire a residential property located at 107 Columbia Heights in Historic District of Brooklyn Heights New York, for $87.5 mil.
Diversified Communications-WCJB-TV & WABI-TV Gray Television Inc 85.0 Gray Television Inc agreed to acquire the WCJB-TV & WABI-TV of Diversified Communications, a Portland-based owner and operator of a media company, for $85 mil.
Luz Inc RWS Holdings PLC 82.5 RWS Holdings PLC of the UK plans to acquire the entire share capital of LUZ Inc, a San Francisco-based provider of translation and interpretation services, for $82.5 mil.
Garvey Group LLC Orora Ltd 54.0 Orora Ltd of Australia definitively agreed to acquire Garvey Group LLC, a Niles-based provider of commercial gravure printing services. Concurrently, Orora definitively agreed to acquire Graphic Tech LLC. The transactions would have a combined value of $54 mil.
New Moosejaw LLC Wal-Mart Stores Inc 51.0 Wal-Mart Stores Inc acquired New Moosejaw LLC, a Madison Heights-based retailer of outdoor clothing, gears, and accessories, for $51 million.
Berks Products Corp-Assets New Enterprise Stone & Lime Co Inc 46.3 New Enterprise Stone & Lime Co Inc acquired the assets of Berks Products Corp, a Leesport-based plumbing, heating and air-conditioning contractor. Concurrently, NESL acquired the assets of EJB Paving & Materials Co. The transactions have a combined value of an estimated $46.3 mil.
New Boston Fund Inc-WestMark Office Park Bridge Investment Group Partners LLC 45.0 Bridge Investment Group Partners LLC acquired the New Boston Fund Inc's Westmark Office Park, a 40-acre, two-building property in Henrico, Virginia for $45 million.
Beaumont Grand Apartment Homes Security Properties Inc 32.5 Security Properties Inc acquired Beaumont Grand, an apartment complex in Lakewood, for $32.5 million.
Kohler Interiors Group Ltd Samson Investment Holding Co 29.5 Samson Investment Holding Co, a unit of Samson Holding Ltd, agreed to acquire the entire share capital of Kohler Interiors Group Ltd, a Hickory-based manufacturer of furniture from Kohler Co, for $29.5 mil.
MSpace Holdings LLC Vesta Housing Solutions LLC 15.3 Vesta Housing Solutions LLC plans to acquire MSpace Holdings LLC, a Park City- based provider of modular building services, for $15.3 mil.
DePaul Real Estate Advisors-Lone Tree Commons The Kroenke Group 11.1 The Kroenke Group acquired Lone Tree Commons of DePaul Real Estate Advisors, a 44,898-square foot neighborhood retail center located in Lone Tree, Colorado, for $11.13 mil.
Urban Investment Group Acumen Cos Acumen Cos definitively agreed to acquire Urban Investment Group, a provider of real estate development services.
Wealthminder Inc AdvisorEngine Inc AdvisorEngine Inc acquired Wealthminder Inc, a Mclean-based provider of support services.
IRA Capital LLC-Poinsettia Plaza,Ventura,California Al Mal Capital PSC Al Mal Capital PSC of United Arab Emirates acquired IRA Capital LLC's Poinsettia Plaza, a 153,000 square feet neighborhood shopping center in Ventura, California.
Baseball America Inc Alliance Baseball LLC Alliance Baseball LLC acquired Baseball America Inc, a Durham-based publisher, from The Enthusiast Network, owned by Source Interlink Media LLC.
Carta Fund Services LLC Alter Domus SARL Alter Domus SARL of Luxembourg agreed to acquire Carta Fund Services LLC, a Darien-based provider of financial services.
Sourcebits Inc Ascendum Solutions LLC Ascendum Solutions LLC definitively agreed to acquire Sourcebits Inc, a San Francisco-based provider of software services. Terms were not disclosed.
Single Digits Inc Bregal Sagemount LLC Bregal Sagemount LLC, a unit of Bregal Investments Inc, acquired an undisclosed majority interest in Single Digits Inc, a Bedford-based internet service provider, via a leveraged buyout transaction. Terms were disclosed.
McGeorge's Rolling Hills RV Camping World Holdings Inc Camping World Holdings Inc acquired McGeorge's Rolling Hills RV, an Ashland- based recreational vehicle dealer.
TCube Solutions Inc Cap Gemini SA Cap Gemini SA of France acquired TCube Solutions Inc, a Columbia-based provider of software services.
Idean Enterprises Inc Cap Gemini SA Cap Gemini SA of France plans to acquire the Idean Enterprises Inc, a Palo Alto-based provider of digital design consulting services.
First Solar Inc-250-megawatt Moapa Project, Clark County,Nevada Capital Dynamics Ltd Capital Dynamics Ltd of the UK plans to acquire the 250-megawatt Moapa Project in Clark County, Nevada of First Solar Inc, a Tempe-based manufacturer of semiconductors and related device.
Serving the Soul Catered Fit Co Catered Fit Co acquired Serving the Soul, a provider of food delivery services Miami.
Capstone Financial Solutions LLC CBRE Group Inc CBRE Group Inc acquired Capstone Financial Solutions LLC, a Clayton-based provider of real estate financing and consulting services.
Twin America LLC CitySights NY CitySights NY acquired the remaining 50% interest it did not already own in Twin America LLC, a New York-based provider of ground passenger transportation services, from its joint venture partner Stagecoach Group PLC.
Deep Run Security Services LLC Convergence Technology Consulting LLC Convergence Technology Consulting LLC acquired the entire share capital of Deep Run Security Services LLC, a Baltimore- based software publisher.
Valeritas Holdings Inc Creditors Valeritas Holdings Inc, a Bridgewater-based commercial-stage medical technology company, agreed to a debt restructuring transaction with creditors. CRs would receive preferred stock in exchange for outstanding debt. Upon completion of the deal, CRs would hold an undisclosed interest in the restructured Valeritas. The book value of the existing debt that will be exchanged under the terms of the offer is $27.5 million.
Signicast Corp Dynacast International Inc Dynacast International Inc, a unit of Partners Group Holding AG, plans to acquire the entire share capital of Signicast Corp, a Milwaukee-based nonferrous foundry operator, from Pritzker Group.
Steelwedge Software Inc E2open Inc E2open Inc, a unit of Insight Venture Partners LLC, merged with Steelwedge Software Inc, a Pleasanton-based software publisher.
Gaco Western LLC Firestone Building Products Co LLC Firestone Building Products Co LLC, a unit of BFS Diversified Products LLC, definitively agreed to acquire Gaco Western LLC, a Seattle-based roofing contractor.
Cannavoices Inc First Harvest Corp First Harvest Corp acquired Cannavoices Inc, a Tampa-based software publisher.
Cypress Semiconductor Corp - SLC Nand GigaDevice Semiconductor(Beijing)Inc GigaDevice Semiconductor (Beijing) Inc plans to acquire SLC Nand products of Cypress Semiconductor Corp, a San Jose-based manufacturer of semiconductors and related device. Terms were not disclosed, but according to sources close to the matter, the deal is estimated to be valued at $209.379 million.
Koios LLC Greenhouse Solutions Inc Greenhouse Solutions Inc signed a Letter of Intent to acquire an undisclosed majority interest in Koios LLC, a manufacturer of medicinals and botanicals.
PHH Home Loans LLC-Certain Assets Guaranteed Rate Affinity LLC Guaranteed Rate Affinity LLC agreed to acquire certain assets of PHH Home Loans LLC, a Mount Laurel-based provider of mortgage services, jointly owned by PHH Corp and Realogy Corp.
CapitalSpring SBLC LLC Gulf Coast Bank & Trust Co,New Orleans,Louisiana Gulf Coast Bank & Trust Co, New Orleans, Louisiana acquired CapitalSpring SBLC LLC, a Dallas-based provider of consumer lending services.
Eclipsecurity LLC Halock Security Labs Halock Security Labs acquired Eclipsecurity LLC, a Lincolnshire-based provider of management consulting services.
Universal Printing Co Inc Henry Wurst Inc Henry Wurst Inc acquired Universal Printing Co Inc, a St. Louis-based provider of commercial lithographic printing services.
Xtera Communications Inc-Assets HIG Capital LLC HIG Capital LLC acquired the assets of the bankrupt Xtera Communications Inc, an Allen-based manufacturer of telephone apparatuses, via a leveraged buyout transaction.
Midwest Wholesale Hardware Co High Road Capital Partners LLC High Road Capital Partners LLC acquired Midwest Wholesale Hardware Co, a Kansas City-based hardware retailer, from Sentinel Capital Partners LLC. Monroe Capital provided financing for the transaction without disclosing the details. TM Capital Co served as the advisor for the company.
Isidore Electronics Recycling Homeboy Industries Inc Homeboy Industries Inc acquired Isidore Electronics Recycling, a provider of solid waste collection services in Los Angeles.
Denali Alaskan Insurance LLC Hub International Ltd Hub International Ltd, a unit of Hellman & Friedman LLC, acquired Denali Alaskan Insurance LLC, an Anchorage-based direct life insurance carrier, from Denali Alaskan Federal Credit Union. Terms were not disclosed.
Pharaoh Information Services Inc Hyphen Solutions LLC Hyphen Solutions Ltd acquired Pharaoh Information Services Inc, a Lake Forest-based provider of software solutions.
Travistin Inc Hyphen Solutions LLC Hyphen Solutions Ltd acquired Travistin Inc, a Lagi Vista-based software publisher.
Virginia Beach Dermatology Associates PLLC Integrated Dermatology Group Integrated Dermatology Group acquired Virginia Beach Dermatology Associates PLLC, a Virginia Beach-based provider of dermatology care services.
Advantage Pipeline LLC Investor Group An investor group, composed of Noble Midstream Partners LP, a unit of Noble Energy Inc and Plains All American Pipeline LP, definitively agreed to acquire Advantage Pipeline LLC, a Midland-based petroleum and petroleum products wholesaler.
Semiconductor Technology Inc Investor Group An investor group, comprised of Now Electronics Inc and Twilight Technology Inc, acquired Semiconductor Technology Inc, a Stuart-based electronics retailer. Terms were not disclosed.
NTZ Micro Filtration USA Inc Investor Group An investor group agreed to acquire the entire share capital of NTZ Micro Filtration USA Inc, a Wixom-based manufacturer of motor vehicle parts, from NTZ International Holding BV, owned by Frencken Europe BV.
NTZ Micro Filtration LLC Investor Group An investor group agreed to acquire the entire share capital of NTZ Micro Filtration LLC, a Wixom-based manufacturer of motor vehicle parts, from NTZ Micro Filtration USA Inc, owned by NTZ International Holding BV.
Neximmune Inc Investor Group An investor group, composed of Sol Barer, Joshua Barer, and William H Hawkins, acquired Neximmune Inc, a Gaithersburg-based provider of drug research and development services. Terms were not disclosed.
Clear Cell Management Inc ITC Service Group Inc ITC Service Group Inc, a unit of Moorgate Private Capital LLC, acquired Clear Cell Management Inc, a West Caldwell-based provider of management consulting services.
Victus Sports LLC Marucci Sports LLC Marucci Sports LLC acquired Victus Sports LLC, a Blackwood-based manufacturer of sporting and athletic goods.
RegAction Inc Medgate Inc Medgate Inc of Canada acquired RegAction Inc, a Houston-based provider of environmental compliance management software services.
Duckworth Wealth Advisors Inc Mercer Advisors Inc Mercer Advisors Inc, a unit of Genstar Capital LLC, acquired Duckworth Wealth Advisors Inc, a Newport Beach-based investment advisor.
Calico Industries Inc Mill Street Ventures LLC Mill Street Ventures LLC acquired Calico Industries Inc, an Annapolis Junction-based manufacturer of kitchen utensils. Terms were not disclosed. Originally, in November 2016, Calico announced that it was seeking a buyer for the company.
Aml Industries Inc Moresco USA Inc Moresco USA Inc, a unit of MORESCO Corp, plans to acquire the entire share capital of Aml Industries Inc, a Warren-based manufacturer of metal-forming lubricants. Concurrently, MUI plans to acquire the entire share capital of AML Realty Inc.
AML Realty LLC Moresco USA Inc Moresco USA Inc, a unit of Moresco Corp, plans to acquire the entire share capital of AML Realty LLC, a Warren-based lessor of real estate property. Concurrently, MUI plans to acquire the entire share capital of AML Industries Inc.
Denver County Fair LLC National Western Stock Show Inc National Western Stock Show Inc acquired Denver County Fair LLC, a Denver-based provider of recreation services.
EJB Paving & Materials Co-Assets New Enterprise Stone & Lime Co Inc New Enterprise Stone & Lime Co Inc acquired the assets of EJB Paving & Materials Co, a West Lawn-based highway, street and bridge constructor, jointly owned by Berks Products Corp and EJ Breneman LP. Concurrently, NESL acquired the assets of BP. The transactions have a combined value of an estimated $46.3 million.
Graphic Tech LLC Orora Ltd Orora Ltd of Australia definitively agreed to acquire Graphic Tech LLC, a Fullerton-based provider of administrative management and general management consulting services. Concurrently, Orora definitively agreed to acquire Garvey Group LLC. The transactions would have a combined value of $54 mil.
APS BioGroup Inc PanTheryx Inc PanTheryx Inc acquired APS BioGroup Inc, a Phoenix-based manufacturer of colostrum products. Concurrently, PanTheryx Inc acquired La Belle Associates Inc, a Bellingham-based manufacturer of colostrum products.
La Belle Associates Inc PanTheryx Inc PanTheryx Inc acquired La Belle Associates Inc, a Bellingham-based manufacturer of colostrum products. Concurrently, PanTheryx Inc acquired APS BioGroup Inc, a Phoenix-based manufacturer of colostrum products.
Vitorino Group Pierson Retail Advisors Pierson Retail Advisors definitively agreed to merge with Vitorino Group, a provider of real estate investment services in Dallas. Upon completion of the deal, the merged entity would be named Strive.
Global Investigative Services LLC Primeritus Financial Services Inc Primeritus Financial Services Inc, a unit of Kinderhook Industries LLC, acquired Global Investigative Services LLC, a Rockwall-based provider of investigation services.
Texas Trust Credit Union Qualtrust Credit Union Qualtrust Credit Union agreed to acquire the entire share capital of Texas Trust Credit Union in Arlington.
QS Pharma LLC Quotient Clinical Ltd UK's Quotient Clinical Ltd, a unit of GHO Capital Partners LLP, acquired QS Pharma LLC, a Boothwyn-based provider of research and development services, from Charles River Laboratories International Inc.
Smart Professional Resources RemX Specialty Staffing RemX Specialty Staffing, a unit of EmployBridge Inc, acquired Smart Professional Resources, a provider of executive search services.
Peter M. Bakker Agency Inc Renaissance Alliance Insurance Services LLC Renaissance Alliance Insurance Services LLC acquired Peter M. Bakker Agency Inc, an Avon-based insurance agency.
Popeyes Louisiana Kitchen Inc Restaurant Brands International Inc Restaurant Brands International Inc of Canada was rumored to be planning to acquire Popeyes Louisiana Kitchen Inc, an Atlanta-based full-service restaurant operator.
TrialWorks LLC Ridge Road Capital Partners LLC Ridge Road Capital Partners LLC acquired an undisclosed majority interest in TrialWorks LLC, a Coral Gables-based software publisher.
Eirene Inc Riverside Co Riverside Co acquired Eirene Inc, a Phoenix-based developer of cloud-based SaaS software for dental practices, via a leveraged buyout transaction.
Medical Reimbursements of America Inc Riverside Partners LLC Riverside Partners LLC acquired Medical Reimbursements of America Inc, a Franklin-based provider of reimbursement optimization services, via a leveraged buyout transaction.
Rail-Splitter Capital Management LLC RMB Capital Management LLC RMB Capital Management LLC plans to acquire the entire share capital of Rail-Splitter Capital Management LLC, a Chicago-based investment advisor.
Midstate Community Bank Rosedale Federal Savings and Loan Association Rosedale Federal Savings and Loan Association plans to acquire the remaining stake it does not already own in Midstate Community Bank, a Baltimore-based commercial bank.
Guy Metals Inc Ryerson Holding Corp Ryerson Holding Corp, a unit of Platinum Equity LLC, acquired Guy Metals Inc, a Hammond-based manufacturer of fabricated metal products.
Eagle Metals & Steel Services Inc SB Specialty Metals LLC SB Specialty Metals LLC acquired Eagle Metals & Steel Services Inc, an Elk Grove Village-based metal wholesaler.
Marine Trading Services Inc Ship Supply International LLC Ship Supply International LLC, a unit of HIG Capital LLC, acquired Marine Trading Services Inc, a South Hackensack-based provider of warehousing and storage services. Terms were not disclosed.
Zen Shopping Inc ShopCo Technologies Corp ShopCo Technologies Corp acquired Zen Shopping Inc, a San Francisco-based developer of shopping software.
Syntac Coated Products LLC Shurtape Technologies LLC Shurtape Technologies LLC acquired Syntac Coated Products LLC, a New Hartford-based manufacturer of adhesive tape products. Terms were not disclosed.
NextGen Dealer Solutions LLC Smart Server Inc Smart Server Inc acquired NextGen Dealer Solutions LLC, an Irving-based software publisher.
A+ Dental Care Smile Brands Group Inc Smile Brands Group Inc, a unit of Gryphon Investors Inc, acquired A+ Dental Care, a dentist's office in Bridgeport. Terms were not disclosed. Concurrently, SBG acquired OneSmile Silicon Valley.
OneSmile Silicon Valley Smile Brands Group Inc Smile Brands Group Inc, a unit of Gryphon Investors Inc, acquired OneSmile Silicon Valley, a dentist's office in Mountain View. Concurrently, SBG acquired A+ Dental Care.
Mariak Industries Inc Springs Window Fashions LLC Springs Window Fashions LLC, a unit of Golden Gate Private Equity Inc, acquired Mariak Industries Inc, a Rancho Dominguez-based home furnishing wholesaler.
Building Portfolio (13) Stuart Price Stuart Price acquired a 13-plus building portfolio located in San Francisco, California.
Mad Marketing Lab & Advertising TCG Capital LLC TCG Capital LLC, jointly owned by Cannaregio Group LLC and American Capital Financial Group LLC, acquired Mad Marketing Lab & Advertising, a Miami-based advertising agency, via a leveraged buyout transaction.
Finesse Solutions LLC Thermo Fisher Scientific Inc Thermo Fisher Scientific Inc plans to acquire Finesse Solutions LLC, a San Jose-based manufacturer of biological products. Terms were not disclosed.
Hematology-Oncology Associates of the Quad-Cities PC University of Iowa Health Care University of Iowa Health Care acquired Hematology-Oncology Associates of the Quad-Cities PC, a Bettendorf-based physician's office operator.
All American Foods Inc US Foods Inc US Foods Inc agreed to acquire All American Foods Inc, a Mankato-based manufacturer of tortillas.
Prepared Response Inc Venuetize LLC Venuetize LLC acquired Prepared Response Inc, a Point Kirkland-based provider of emergency preparedness and crisis management solutions.
Skyward IO Inc Verizon Communications Inc Verizon Communications Inc acquired Skyward IO Inc, a Portland-based manufacturer of search, detection, navigation, guidance, aeronautical and nautical systems and instruments. Terms were not disclosed.
Verba Software Inc VitalSource Technologies Inc VitalSource Technologies Inc, a unit of Ingram Industries Inc, plans to acquire Verba Software Inc, a San Francisco-based developer of textbook retail software.
Data & Contact Management Solutions LLC Wilsquare Capital LLC Wilsquare Capital LLC acquired Data & Contact Management Solutions LLC, a Minneapolis-based collection agency, via a leveraged buyout transaction. Terms were not disclosed.
Pacific Federal LLC Zenith American Solutions Inc Zenith American Solutions Inc, a unit of HealthPlan Holdings Inc, acquired Pacific Federal LLC, a Glendale-based provider of employee benefits services. Terms were not disclosed.
Purple Communications Inc ZVRS Inc ZVRS Inc acquired Purple Communications Inc, a Hackensack-based wireless telecommunications carrier.
US M&A Deals Announced February 10 to February 16, 2017
Source: Thomson Reuters

 

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