Target | Acquirer | Value ($millions) | Synopsis |
Starbucks Corp (perpetual global license to sell its consumer and foodservice products) | Nestle SA | 7,500.0 | Nestlé of Switzerland has been granted perpetual rights to market Starbucks consumer and foodservice products globally, outside of the latter's coffee shops. In exchange, Seattle-based Starbucks received an up-front cash payment of $7.15 billion. |
athenahealth Inc | Elliott Management Corp | 5,890.1 | Elliott Management Corp plans to acquire the remaining 91.10% stake it does not already own in athenahealth, Inc, a Watertown-based software publisher, via a leveraged buyout transaction for $160 in cash per share or a total $5.89 billion in cash. Earlier this month, Elliott was rumored to be planning to acquire the remaining stake it does not already own in athenahealth. |
Gramercy Property Trust Inc | Blackstone Real Estate Partners VIII LP | 4,421.6 | Blackstone Real Estate Partners VIII LP, a unit of Blackstone Group LP, definitively agreed to acquire the entire share capital of Gramercy Property Trust Inc, a New York-based lessor of residential buildings and dwellings, for $27.5 in cash per share or a total of $4.422 billion. |
Waddington Group Inc | Novolex Holdings Inc | 2,300.0 | Novolex Holdings Inc, a unit of The Carlyle Group LP, definitively agreed to acquire Waddington Group Inc, a Covington-based manufacturer of plastic products, for around $2.3 billion from Jarden Corp, ultimately owned by Newell Brands Inc. Originally, in January 2018, Newell was announced that it was seeking a buyer for its Waddington unit. |
Armo Biosciences Inc | Eli Lilly & Co | 1,622.9 | Eli Lilly & Co launched a tender offer to acquire the entire share capital of Armo Biosciences Inc, a Redwood City-based manufacturer of pharmaceutical preparations, for $50 in cash per share or a total of $1.623 billion. The offer was conditional upon at least a majority of Armo's shares being tendered. |
Morsco Inc | Reece Ltd | 1,440.0 | Reece Ltd of Australia, agreed to acquire the entire share capital of MORSCO Inc, a Fort Worth-based wholesaler of commercial and residential plumbing, waterworks, heating and cooling equipment (HVAC), and pipe, valves and fittings (PVF) supplies, from Advent International Corp and other shareholders, for $1.44 billion in cash. |
Amberjack Pipeline Co LLC | Shell Midstream Partners LP | 1,220.0 | Shell Midstream Partners LP agreed to acquire an undisclosed majority interest in Amberjack Pipeline Co LLC, a Wilmington-based provider of pipeline transportation services of crude oil, for $1.22 billion from Chevron Pipe Line Co. |
Glassdoor Inc | RGF OHR USA Merger Sub Inc | 1,200.0 | RGF OHR USA Merger Sub Inc, a unit of Recruit Holdings Co Ltd, definitively agreed to acquire the entire share capital of Glassdoor Inc, a Mill Valley-based internet service provider, from Battery Ventures LP (10.6%) and Benchmark Capital (13.4%) and Tiger Global Management LLC (14.2%) for a total of $1.2 billion in cash. |
Capital One Financial Corp-Mortgage Portfolio | DLJ Mortgage Capital Inc | 1,190.0 | DLJ Mortgage Capital Inc, a unit of Credit Suisse (USA) Inc, plans to acquire the mortgage portfolio of Capital One Financial Corp, a Mclean-based commercial bank, for $1.19 billion. The transaction was valued based on the 7% standard capitalization rate. |
Midcoast Operating LP | AL Midcoast Holdings LLC | 1,120.0 | AL Midcoast Holdings LLC definitively agreed to acquire Midcoast Operating LP, a Houston-based natural gas distributor, for around $1.12 billion in cash from Midcoast Energy Partners LP, owned by Enbridge Energy Co Inc. |
Tribune Media Co-TV Stations(7) | 21st Century Fox Inc | 910.0 | 21st Century Fox Inc definitively agreed to acquire 7 TV stations from Tribune Media Co, a Chicago-based television broadcaster, for around $910 million. Originally, in January 2018, Fox was rumored to be planning to acquire Tribune's TV stations. |
Xcerra Corp | Cohu Inc | 764.7 | Cohu Inc definitively agreed to acquire the entire share capital of Xcerra Corp, a Norwood-based manufacturer of electrical signals measuring and testing instruments, for $764.658 million. The consideration will consist of $494.231 million in cash and the issuance of 11.581 million Cohu common shares valued at $270.427 million. The shares were valued based on Cohu's closing stock price of $23.35 on 7 May 2018, the last full trading day prior to the announcement. Upon completion of the deal, Cohu and Xcerra will respectively own 70% and 30% of the merged entity. |
Caesars Entertainment Corp-Octavius Tower,Las Vegas,Nevada | VICI Properties Inc | 507.5 | VICI Properties Inc of the US signed a letter of intent to acquire Octavius Tower of Caesars Entertainment Corp, a Las Vegas-based casino hotel operator ultimately owned by Hamlet Holdings LLC, for $507.5 million. Concurrently, VICI Properties signed a letter of intent to acquire Harrah's Philadelphia of Caesars. |
Tate's Bake Shop Inc | Mondelez International Inc | 500.0 | Mondelez International Inc definitively agreed to acquire Tate's Bake Shop Inc, a Southampton-based manufacturer of cookies and crackers, from The Riverside Co for around $500 million. |
Barteca Restaurant Group LLC | Del Frisco's Restaurant Group LLC | 325.0 | Del Frisco's Restaurant Group LLC definitively agreed to acquire Barteca Restaurant Group LLC, a Norwalk-based full-service restaurant operator, for $325 million in cash. |
Caesars Entertainment Corp-Harrah's Philadelphia,Chester,Philadelphia | VICI Properties Inc | 241.5 | VICI Properties Inc of the US signed a letter of intent to acquire Harrah's Philadelphia of Caesars Entertainment Corp, a Las Vegas-based casino hotel operator ultimately owned by Hamlet Holdings LLC, for $241.5 million. Concurrently, VICI Properties signed a letter of intent to acquire Octavius Tower at Caesars Palace in Las Vegas for $507.5 mil. |
American Roads LLC | DIF Infra 5 US LLC | 220.0 | DIF Infra 5 US LLC, a unit of DIF Management BV, agreed to acquire American Roads LLC, a Detroit-based provider of road transportation support services, for around $220 million in cash from Syncora Guarantee Inc, ultimately owned by Syncora Holdings Ltd. |
Liberty Property Trust-Five Crescent Drive | Korea Investment Management Co Ltd | 130.5 | Liberty Property Trust announced that it has sold Five Crescent Drive, a 207,779 sq ft office building at the Philadelphia Navy Yard for $130.5 million. The Leed Platinum property currently leased to GSK was purchased by an affiliate of Korea Investment Management Co., Ltd (KIM). |
Gemini Laboratories LLC | Amneal Pharmaceuticals LLC | 117.0 | Amneal Pharmaceuticals LLC, a unit of Amneal Pharmaceuticals Inc, acquired Gemini Laboratories LLC, a Bridgewater-based manufacturer of pharmaceutical preparations, for $117 million. |
MegaPath Corp | Fusion Telecommunications International Inc | 71.5 | Fusion Telecommunications International Inc definitively agreed to acquire MegaPath Corp, a Pleasanton-based internet service provider, from Platinum Equity LLC, for $71.5 million. The consideration will consist of $61.5 million in cash and $10 million in new common shares. |
Shaw Distribution Center | Griffin Capital Co LLC | 56.5 | Griffin Capital Essential Asset REIT Inc acquired the Shaw Distribution Center – Northport Building C in Savannah, Georgia for around $56.5million. |
Work Area Protection Corp | Hill & Smith Holdings PLC | 42.0 | Hill & Smith Holdings PLC of the UK acquired Work Area Protection Corp, a Saint Charles-based manufacturer of plastics products, for $42 million in cash. |
Reeves-Sain Drug Store Inc-Certain Assets | CVS Health Corp | 40.0 | CVS Health Corp definitely agreed to acquire certain assets of Reeves-Sain Drug Store Inc, a Memphis- based drug store operator ultimately owned by Fred's Inc, for around $40 mil. |
Sunset Cove Apartments,Costa Mesa,CA | Bascom Group LLC | 33.3 | Bascom Group LLC acquired the Sunset Cove Apartments in Costa Mesa for $33.3 million via a leveraged buyout transaction. |
Pioneer Custom Electrical Products Corp | CleanSpark Inc | 19.3 | CleanSpark Inc definitively agreed to acquire the entire share capital of Pioneer Custom Electrical Products Corp, a Santa Fe Springs-based manufacturer of switchgear and switchboard apparatuses, from Pioneer Power Solutions Inc, for 7 million CleanSpark common shares valued at $19.25 million. The shares were valued based on CleanSpark's closing stock price of $2.75 on 7 May 2018, the last full trading day prior to the announcement. |
Industrial Realty Group LLC -Industrial Properties(2) | Phoenix Investors LLC | 13.5 | Phoenix Investors LLC acquired 2 industrial properties from Industrial Realty Group LLC, a Los Angeles-based real estate development firm, for a total of $13.5 mil. |
ANM Inc | Apogee Opportunities Inc | 5.5 | Apogee Opportunities Inc of Canada signed a letter of Intent to acquire the entire share capital of ANM Inc, a Medford-based manufacturer of pharmaceutical preparations, for $5.549 million via a stock swap reverse takeover transaction. Apogee offered 1. 35 common share per ANM share. Based on Apogee's closing stock price of $0.202 on 4 May 2018, the last full trading day prior to the announcement. |
XBTeller | ChineseInvestors.COM Inc | 2.5 | ChineseInvestors.COM Inc signed a letter of intent to acquire XBTeller, a Denver-based provider of financial transactions services, for $2.5 million. The consideration will consist of $0.4 million in cash and $2.1 million restricted common shares. |
XGas LLC | Raven Energy Ltd | 0.5 | Raven Energy Ltd of Australia signed letter of intent to acquire XGas LLC, an oil and gas exploration and production company, from XState Resources Ltd for $0.878 mil. |
Alaskan Express Service Inc | AFF Global Logistics | AFF Global Logistics, a unit of The Resolute Fund II LP, acquired Alaskan Express Service Inc, a Sumner-based provider of freight transportation arrangement services. | |
Dickerson Employee Benefits Inc | Alera Group Inc | Alera Group Inc, acquired Dickerson Employee Benefits Inc, a Los Angeles-based insurance agency. Concurrently, Alera acquired The Courtney Group Inc and Benefit Plan Strategies. | |
The Courtney Group Ltd | Alera Group Inc | Alera Group Inc acquired The Courtney Group Ltd, a Highland Park-based insurance agency. Concurrently, Alera acquired Dickerson Employee Benefits Inc and Benefit Plan Strategies. | |
Benefit Plan Strategies | Alera Group Inc | Alera Group Inc acquired Benefit Plan Strategies, a Tulsa-based insurance agency. Concurrently, Alera acquired Dickerson Employee Benefits Inc and The Courtney Group Inc. | |
Main Street America Group | American Family Mutual Insurance Co | American Family Mutual Insurance Co plans to merge with Main Street America Group, a Jacksonville-based direct life insurance carrier. | |
AJ Amer Agency Inc | Arthur J Gallagher & Co | Arthur J Gallagher & Co acquired AJ Amer Agency Inc, an Akron-based insurance agency. | |
Pronto Holdco LLC | Arthur J Gallagher & Co | Arthur J Gallagher & Co plans to acquire the entire share capital of Pronto Holdco LLC, a Brownsville-based insurance agency. | |
Pioneer Industries Inc | Assa Abloy AB | Assa Abloy AB of Sweden agreed to acquire Pioneer Industries Inc, a Carlstadt-based manufacturer of metal windows and doors, from Direct Commercial Industries LLC. | |
National Insurance Services Of Wisconsin Inc | AssuredPartners Inc | AssuredPartners Inc, a unit of GTCR LLC, acquired the National Insurance Services of Wisconsin Inc, a Brookfield-based insurance agency. | |
Passenger Drone | Astro Aerospace Ltd | Astro Aerospace Ltd acquired Passenger Drone, a manufacturer of vertical take-off and landing (VTOL) aircraft. | |
Novartis AG-Generics Unit | Aurobindo Pharma Ltd | Aurobindo Pharma Ltd of India is rumored to be planning to acquire the generics unit of Novartis AG, a Basel-based manufacturer of pharmaceutical preparation, for around $1.7 billion. | |
Premier Healthcare Services LLC | Aveanna Healthcare LLC | Aveanna Healthcare LLC plans to acquire Premier Healthcare Services LLC, a Pasadena-based provider of ambulatory health care services. | |
Vievu LLC | Axon Enterprise Inc | Axon Enterprise Inc plans to acquire Vievu LLC, a Seattle-based manufacturer of body-worn camera and video technologies, from Safariland LLC, ultimately owned by Kanders & Co Inc. | |
FRWD Co | Bain & Co Inc | Bain & Co Inc plans to acquire FRWD Co, a Minneapolis-based provider of marketing consulting services. | |
Integra Realty Resources Inc-Offices(2) | BBG Advisory Services LLC | BBG Advisory Services LLC acquired 2 offices from Integra Realty Resources Inc, a New York-based provider of commercial real estate valuation and consulting services. | |
Flocku LLC | Becker Associates LLC | Becker Associates LLC acquired Flocku LLC, an advertising agency. | |
Flats at Bethesda Avenue | BlackRock Real Asset Equity Trust | BlackRock Real Asset Equity Trust acquired Flats at Bethesda Avenue, a Bethesda-based lessor of residential buildings and dwellings. | |
LA Lacy Inc | Branch Group Inc | Branch Group Inc, a unit of Rexel SA, acquired LA Lacy Inc, a Charlottesville-based plumbing, heating and air-conditioning contractor. | |
Domenick & Co Inc | Bryn Mawr Trust Co | Bryn Mawr Trust Co, a unit of Bryn Mawr Bank Corp, acquired Domenick & Co Inc, a Philadelphia-based insurance agency. | |
Cornellcookson Inc | Clopay Building Products Co Inc | Clopay Building Products Co Inc plans to acquire Cornellcookson Inc, a Goodyear-based manufacturer of wood windows and doors. | |
Brinker Brown Fastener & Supply Inc | Colony Hardware Corp | Colony Hardware Corp acquired Brinker Brown Fastener & Supply Inc, a Fort Myers-based hardware wholesaler. | |
PDQ Billing Services | Complete HealthCare Solutions Inc | Complete HealthCare Solutions Inc acquired PDQ Billing Services, a Myrtle Beach-based provider of medical billing services. | |
Avsi Group LLC | Conference Technologies Inc | Conference Technologies Inc acquired Avsi Group LLC, a Houston-based provider of computer systems design services. | |
Austin Heart Vet PLLC | CVCA Cardiac Care for Pets | CVCA Cardiac Care for Pets merged with Austin Heart Vet PLLC, an Austin-based provider of veterinary services. | |
Ac Hotel & Residence Inn Dallas By The Galleria | DG Hotels Ventures LLC | DG Hotels Ventures, an affiliate of Pacific Hospitality Group Ventures, acquired the 256-room dual-branded AC Hotel and Residence Inn Dallas by the Galleria in Dallas from Atlantic Hotels Group. | |
Truck Centers of Arkansas | Doggett Truck Group LLC | Doggett Truck Group LLC, a unit of Doggett Machinery Services LLC, acquired Truck Centers of Arkansas, a North Little Rock-based truck dealer, for around $103 mil. | |
Department of Veterans Affairs Outpatient Facility,San Jose,CA | Easterly Government Properties Inc | Easterly Government Properties, a real estate investment trust focused primarily on acquiring, developing and managing Class A commercial properties leased to the U.S. Government, announced that it has agreed to acquire a 90,085 sq ft outpatient clinic in San Jose leased to the Department of Veterans Affairs for an initial, non-cancelable lease term of 20 years through February 2038. | |
Apartment Potfolio (3) | Emma Capital Investments Inc | Canada's Emma Capital Investments Inc acquired three apartments for a total of $63.85 million. These consists of The Retreat Northwest, a 336-Unit Community located at 1130 Racquet Club Drive North, Indianapolis; The M Club Apartments (formerly Salem at 56), a 388-unit community located at 7007 Courthouse Drive, Indianapolis; and The Aura Apartments (formerly Courtyards at Kessler) in 3035 W. 39th St., Indianapolis | |
BEN-E-LECT | Employer Driven Insurance Services Inc | Employer Driven Insurance Services Inc acquired BEN-E-LECT, a Visalia-based direct life insurance carrier. | |
HNP Capital LLC | Financial Institutions Inc | Financial Institutions Inc definitively agreed to acquire HNP Capital LLC, a Pittsford-based intermediator. | |
Phoenix Capital Group LLC | Gulf Coast Bank & Trust Co,New Orleans,Louisiana | Gulf Coast Bank & Trust Co acquired Phoenix Capital Group LLC, a Scottsdale-based provider of financial transactions services. | |
1stpoint Communications LLC | Hammer Fiber Optics Holdings Corp | Hammer Fiber Optics Holdings Corp plans to acquire the entire share capital of 1stpoint Communications LLC, a New York-based telecommunications reseller. | |
Easy Truck Insurance Services Inc | Hub International Ltd | Hub International Ltd, a unit of Hellman & Friedman LLC, acquired Easy Truck Insurance Services Inc, a Vacaville-based insurance agency. | |
Barnett Corporate Insurers LLC | Hub International Ltd | Hub International Ltd, a unit of Hellman & Friedman LLC, acquired Barnett Corporate Insurers LLC, a Memphis-based insurance agency. | |
GoldenCare USA Inc | Integrity Marketing Group LLC | Integrity Marketing Group LLC, a unit of HGGC LLC, acquired GoldenCare USA Inc, a wholesaler of medical equipment and supplies. | |
Newspace Inc | Investor Group | An investor group, comprising Monte Bordeaux and Jay Kamps, acquired Newspace Inc, a St. Louis-based provider of interior design services. | |
Professional Publications Inc | Kaplan Inc | Kaplan Inc, a unit of Graham Holdings Co, acquired Professional Publications Inc, a Belmont-based book publisher. | |
ServInt Corp | LeaseWeb USA Inc | LeaseWeb USA Inc, a unit of LeaseWeb BV, acquired ServInt Corp, a Reston-based provider of data processing and hosting services. | |
Sterling Global Products LLC | Liberated Energy Inc | Liberated Energy Inc signed a letter of intent to acquire Sterling Global Products LLC, a Slidell-based manufacturer of eco-friendly hygiene products. | |
Goldman Sachs Group Inc-Sentinel | Lookingglass Cyber Solutions Inc | Lookingglass Cyber Solutions Inc acquired the Sentinel, a cyber security software developed in-house by Goldman Sachs Group Inc. In exchange, Goldman received an equity stake in Lookingglass. | |
Base Capital | Lumni | Lumni plans to acquire Base Capital, a provider of sales financing services. | |
Pinnacle Orthopedics | Montecito Medical Investment Co | Montecito Medical Investment Co acquired Pinnacle Orthopedics, a Woodstock-based provider of ambulatory health care services. | |
Space-Time Insight Inc | Nokia Oyj | Nokia Oyj of Finland acquired Space-Time Insight Inc, a San Mateo-based provider of custom computer programming services. | |
Browning Productions & Entertainment Inc | One Horizon Group Inc | Intelligent Communication Enterprise Corp of Singapore, a unit of One Horizon Group Inc, plans to acquire an undisclosed majority interest in Browning Productions & Entertainment Inc, a Weston-based producer of motion pictures and videos. | |
Mas Event Design LLC | Opus Events Agency | Opus Events Agency acquired Mas Event Design LLC, a Brooklyn-based event promoter. | |
Boardprospects Inc | Osprey Capital LLC | Osprey Capital LLC plans to acquire Boardprospects Inc, a Boston-based internet service provider. | |
Translations.com Inc | Phil Shawe | Phil Shawe acquired the remaining stake it does not already own in Translations.com Inc, a New York-based software publisher, for around $770 mil. | |
Scott Felder Homes LLC | Platform Ventures LLC | Platform Ventures LLC acquired Scott Felder Homes LLC, an Austin-based home builder, from BR Homebuilding Group LP. | |
The Tradition,College Station,TX | Preferred Apartment Communities Inc | Preferred Apartment Communities Inc acquired The Tradition, an apartment complex in College Station. | |
SchoolLeader | Procare Software LLC | Procare Software LLC acquired SchoolLeader, an Orlando-based software publisher. | |
Ptac Units | PTAC Crew, LLC | PTAC Crew, LLC acquired Ptac Units, a Phoenix-based manufacturer of air-conditioning equipment. | |
Ace Flooring Co Inc | QEP Co Inc | QEP Co Inc acquired Ace Flooring Co Inc, a Moorpark-based provider of wood preservation services. | |
Townecraft Inc. | R2 Venture Solutions Inc | R2 Venture Solutions Inc acquired Townecraft Inc. a Glen Rock- based commercial equipment merchant wholesaler. | |
Alpha Advisors Inc(Michigan Physicians Mutual Liability) | Riviera Partners Inc | Riviera Partners Inc acquired Alpha Advisors Inc, a Chicago-based portfolio manager, from Michigan Physicians MutualLiability Inc. | |
Baker Hughes Inc-AC Compressor Business | Rotating Machinery Services Inc | Rotating Machinery Services Inc acquired the AC compressor business of Baker Hughes Inc, a Houston-based manufacturer of oil and natural gas machinery owned by GE Oil & Gas, including the CONMEC Engineered Compressors business. | |
Caid Industries Inc | Samuel Son & Co Ltd | Samuel Son & Co Ltd of Canada acquired Caid Industries Inc, a Tucson-based manufacturer of fabricated structural metal products. | |
Savo Group Ltd | Seismic Software Inc | Seismic Software Inc definitively agreed to acquire Savo Group Ltd, a Chicago-based provider of custom computer programming services. | |
GI Endurant LLC | Shell New Energies US LLC | Shell New Energies US LLC acquired GI Endurant LLC, a Chicago-based provider of engineering services. | |
Hiptest | SmartBear Software Inc | SmartBear Software Inc, a unit of Francisco Partners LP, acquired Hiptest, a San Francisco-based provider of software testing services. | |
Winshuttle Inc | Symphony Technology Group LLC | Symphony Technology Group LLC acquired Winshuttle Inc, a Bothell-based software publisher, via a leveraged buyout transaction. | |
Loop Commerce Inc | Synchrony Financial | Synchrony Financial definitively agreed to acquire Loop Commerce Inc, a Menlo Park-based provider of digital and in-store gifting platform. | |
Faraday Semi LLC | TDK Corp | TDK Corp of Japan acquired Faraday Semi LLC, a Laguna Niguel-based manufacturer of semiconductors and related devices. | |
Vornado Air LLC | ThreeSixty Group Ltd | ThreeSixty Group Ltd, a unit of AEA Investors LP, acquired Vornado Air LLC, an Andover-based manufacturer of air purification equipment, from Waitt Co. | |
Vuevent Inc. | Trellissoft Engineering Services Pvt Ltd | Trellissoft Engineering Services Pvt Ltd acquired Vuevent Inc., a Boulder-based software publisher. | |
Leeco Industrial Plastics Inc | Tritec Performance Solutions | Tritec Performance Solutions acquired Leeco Industrial Plastics Inc, a Giddings-based manufacturer of plastics products. | |
Aldez Containers LLC | Tri-Wall Ltd | Tri-Wall Ltd of Hong Kong, a unit of Rengo Co Ltd, acquired an 80% stake in Aldez Containers LLC, a Michigan-based provider of warehousing solutions. | |
Fittery LLC | Under 5'10 | Under 5'10 acquired Fittery LLC, a Decatur-based apparel online retailer. | |
Azarga Uranium Corp | Urz Energy Corp | Urz Energy Corp of Canada plans to merge with Azarga Uranium Corp, uranium, radium and vanadium ore mine operator. | |
CHS Insurance Services LLC | USI Insurance Services LLC | USI Insurance Services LLC, jointly owned by KKR & Co LP and Caisse De Depot Et Placement du Quebec, acquired CHS Insurance Services LLC, an Inver Grove Heights-based insurance agency, from CHS Inc. | |
Four Leaf Properties LLC-Manufactured Home Communities(24) | Yes Communities Inc | Yes Communities Inc acquired 24 manufactured home communities from Four Leaf Properties LLC. | |
Prana Power Yoga's three Boston-based studios | YogaWorks Inc | YogaWorks Inc, a unit of Great Hill Partners LP, acquired Prana Power Yoga's three Boston-based studios, a Boston-based provider of instruction services. | |
US M&A Deals Announced May 4 to 10, 2018 | |||
Source: Thomson Reuters |