The weekly wrap: Great Hill, Qlik, Toro

ditchwitch

Target Acquirer Value ($millions) Synopsis
Navient Corp Navient Corp SPV 2,904.0 Navient Corp SPV, a special acquisition vehicle formed by Platinum Equity Advisors LLC and Canyon Capital Advisors LLC, plans to launch an unsolicited tender offer to acquire the remaining 90.057% stake or 232.317 million common shares it does not already own in Navient Corp, a Wilmington-based provider of education loan management and business processing solutions, for $12.5 in cash per share or a total of $2.904 billion via a leveraged buyout transaction.
The Charles Machine Works Inc The Toro Co 700.0 The Toro Co definitively agreed to acquire the entire share capital of The Charles Machine Works Inc, a Perry-based construction machinery manufacturer, for $700 million in cash.
Attunity Ltd Qlik Technologies Inc 502.5 Thoma Bravo LLC's unit Qlik Technologies Inc definitively agreed to acquire the entire share capital of Attunity Ltd, a Burlington-based software publisher, for $23.5 in cash per share or a total of $502.497 mil.
Arbor Asset Management LLC Mercer Global Advisors Inc 350.0 Marsh & McLennan Cos Inc's unit Mercer Global Advisors Inc acquired Arbor Asset Management LLC, an Ann Arbor-based provider of office administrative services, for about $350 mil.
Aceto Corp-Chemicals Business Assets New Mountain Capital LLC 338.0 New Mountain Capital Group LLC's unit New Mountain Capital LLC agreed to acquire the chemicals business assets of the bankrupt Aceto Corp, a Port Washington-based drugs wholesaler, for about $338 million via a leveraged buyout transaction. The consideration will consist of an estimated $338 million in cash plus an undisclosed amount in assumed liabilities.
Pearson PLC-US K12 Courseware Business Nexus Capital Management LP 250.0 Nexus Capital Management LP agreed to acquire the K12 courseware business of Pearson PLC, a London-based publisher of textbooks and instructional resources, for $250 million via a leveraged buyout transaction. The consideration will consist of $25 million in cash and $225 million in vendor notes. Originally, in May 2017, Pearson announced that it was seeking a buyer for its K12 courseware business.
Axiom Materials Inc Kordsa Inc 174.8 Kordsa Inc, a unit of Kordsa Global Endustriyel Iplik ve Kord Bezi Sanayi ve Ticaret AS, agreed to acquire a 95.83% stake in Axiom Materials Inc, a Santa Ana-based custom compoundings manufacturer, from Sorenson Capital Partners LP for about $174.8 million in cash.
Cambridge Franchise Holdings LLC-Restaurants(221) Carrols Restaurant Group Inc 168.8 Carrols Restaurant Group Inc definitively agreed to acquire the 221 restaurants of Cambridge Franchise Holdings LLC, a limited-service restaurant operator, for $168.816 million. The consideration will consist of 7.36 million Carrols common shares plus $100 million in assumed liabilities. The shares were valued based on Carrols' closing stock price of $9.35 on 19 February 2019, the last full trading day prior to the announcement.
Pointe at Crabtree,Raleigh,North Carolina Dermot Co Inc 46.1 Forum Partners Investment Management LLC's unit Dermot Co Inc acquired Pointe at Crabtree, a 25-year old, 336-unit apartment complex in Raleigh, for $46.1 mil.
Rush-Oak Corp Wintrust Financial Corp 46.0 Wintrust Financial Corp plans to acquire the entire share capital of Rush-Oak Corp, a Chicago-based bank holding company, for about $46 mil.
Lakeshore Business Center,Fort Lauderdale,Florida YMP Real Estate Management LLC 29.3 YMP Real Estate Management LLC acquired the 237,682 sq ft Lakeshore Business Center in Fort Lauderdale, for $29.25 million from MCM Lakeshore Building Owner LLC, ultimately owned by Morning Calm Management LLC.
Lsop Nc Llc- Office Building Portfolio(6) Investor Group 25.0 An investor group, comprising Blue Vista Capital Management LLC and Dominion Realty Partners LLC, acquired a portfolio of 6 office building for $25 million from Lsop NC LLC, a Westport-based nonresidential property manager.
Property Portfolio(3) Fillmore Capital Partners LLC 17.8 Fillmore Capital Partners LLC acquired 3 property portfolios in Denver for a total of $17.75 million via a leveraged buyout transaction.
The properties consist of 0.29-acre parking lot in 2000 Blake Street that was acquired for ($4.4 million), and a one-story building in 1937 Market Street presently housing Street School of Culinary Arts ($2.1 million), as well as buildings at 1941 and 1949 Market Street currently occupied by Tavern Downtown and Cowboy Lounge ($11.25 million).
Power Nissan LLC-Fort Lauderdale Nissan,Fort Lauderdale,Florida Lorenzo Enterprises FL Corp 11.0 Lorenzo Enterprises FL Corp acquired the Fort Lauderdale Nissan of Power Nissan LLC, a Fort Lauderdale-based new car dealer, for $11 mil.
Delivery Biz Pro LLC GetSwift Ltd 4.5 GetSwift Ltd of Australia plans to acquire Delivery Biz Pro LLC, a Loveland-based software publisher. Concurrently, GetSwift Ltd also plans to acquire Scheduling+ of Web Software LLC. Both transactions are expected to have a combined value of $4.5 mil.
Tonoga Inc-Advanced Dielectric & Industrial Products Division AGC Inc AGC Inc of Japan agreed to acquire the advanced dielectric & industrial products division of Tonoga Inc, a Petersburgh-based manufacturer of circuitry materials and industrial composite films.
RoseRock Healthcare Amedisys Inc Amedisys Inc definitively agreed to acquire RoseRock Healthcare, a Tulsa-based hospice services provider.
Undisclosed US Gas Transmission APA Group APA Group of Australia plans to acquire a US gas transmission or distribution business.
Cox Enterprises Inc-Tv Stations Apollo Global Management LLC BRH Holdings GP Ltd's unit Apollo Global Management LLC agreed to acquire a majority ownership interest in the TV stations of Cox Enterprises Inc via a leveraged buyout transaction for around $3 billion. Atlanta-based Cox Enterprises is an American conglomerate that owns newspapers, television stations, radio stations, Cox Communications, Manheim Auctions, AutoTrader.com and Kelley Blue Book.
Health E-Commerce Inc Beecken Petty O'Keefe & Co Paragon Medical Inc's unit Beecken Petty O'Keefe & Co acquired a majority interest in Health E-Commerce Inc, a New York City-based online retailer, via a leveraged buyout transaction.
Bowstring Advisors-Certain Assets Citizens Capital Markets Inc Citizens Financial Group Inc's unit Citizens Capital Markets Inc definitively agreed to acquire certain assets of Bowstring Advisors, an Atlanta-based investment bank.
American Trust & Savings Bank-California Trust & Wealth Management Business Exchange Bank,Santa Rosa,CA Exchange Bank agreed to acquire the California trust & wealth management business of American Trust & Savings Bank, a Dubuque-based savings institution.
Forrest-Pruzan Creative LLC Funko Inc Funko Inc acquired Forrest-Pruzan Creative LLC, a Seattle-based toys manufacturer.
Web Software LLC- Scheduling+ GetSwift Ltd GetSwift Ltd of Australia plans to acquire Scheduling+ of Web Software LLC, a Longmont-based software publisher. Concurrently, GetSwift Ltd also plan to acquire Delivery Biz Pro LLC. Both transactions are expected to have a combined value of $4.5 mil.
Gizmodo Media Group LLC Great Hill Partners LP Great Hill Partners LP is rumored to be planning to acquire Gizmodo Media Group LLC, a New York City-based internet portal operator, from Univision Communications Inc.
Jack Wilson Chevrolet
Jack Wilson Buick Gmc
Hanania Automotive Group Hanania Automotive Group plans to acquire 2 new car dealers from Saint Augustine, namely, Jack Wilson Chevrolet and Jack Wilson Buick GMC.
Hartzell PFO Inc Independent Pet Partners Holdings LLC Independent Pet Partners Holdings LLC acquired Hartzell PFO Inc, a Mahtomedi-based pet store operator, from Kriser's Natural Pet.
AssuredPartners Inc Investor Group An investor group led by GTCR LLC agreed to acquire a majority interest in AssuredPartners Inc, a Lake Mary-based insurance agency, via a secondary buyout transaction from Apax VIII, owned by Apax Partners LP, ultimately owned by Apax Partners LLP. Originally, Apax LP acquired AssuredPartners. Concurrently, Apax IX LP planned to acquire a minority stake in AssuredPartners. Previously, GTCR was rumored to be planning to acquire a majority interest in AssuredPartners for around $5.1 bil.
Certona Corp Kibo Software Inc Kibo Software Inc acquired Certona Corp, a San Diego-based software publisher.
Troyer Cheese Inc Lipari Foods Inc HIG Capital LLC's unit Lipari Foods Inc acquired Troyer Cheese Inc, a Millersburg-based specialty food retailer. The transaction included Troyer Bros, Trucking Ltd, and Amish Wedding Foods Inc, collectively known as "Troyer".
Buffalo Abrasives Inc Sak Abrasives Inc Sak Abrasives Inc of India acquired Buffalo Abrasives Inc, a North Tonawanda-based abrasive products manufacturer.
Preferred Bancshares Inc,Houston,TX Texas Independent Bancshares Inc,Texas City,Texas Texas Independent Bancshares Inc agreed to merge with Preferred Bancshares Inc, a Houston-based commercial bank.
Astraeus Advisers LLC The Mather Group LLC The Mather Group LLC acquired Astraeus Advisers LLC, a Park Ridge-based investment advisor.
Wolverine Wood Products Inc Universal Forest Products Inc Universal Forest Products Inc acquired Wolverine Wood Products Inc, a Grand Rapids-based manufacturer of custom architectural woodwork and millwork.
Ignite Coaching & Consulting LLC Zweig Group(Phoenix Investment Partners Ltd) Phoenix Investment Partners Ltd's unit Zweig Group acquired Ignite Coaching & Consulting LLC, a South Jordan-based provider of administrative management and general management consulting services.
US M&A Deals Announced February 15 to 21, 2019
Source: Refinitiv, formerly Thomson Reuters' Financial & Risk business.
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