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. |