TargetAcquirerValue ($millions)Synopsis
Oaktree Capital Group LLCBrookfield Asset Management Inc2,171.6Brookfield Asset Management Inc (BAM) of Canada agreed to acquire a 62% majority stake or 44.319 million class A common shares in Oaktree Capital Group LLC, a Los Angeles-based portfolio manager, for $2.172 billion via a leveraged buyout transaction. BAM offered a choice of $49 in cash per share or 1.077 BAM common share, subject to proration whereby consideration will be 50% in cash and 50% in common shares. The shares were valued based on BAM's closing stock price of $45.1 on 12 March 2019, the last full trading day prior to the announcement.
Eureka Midstream Holdings LLCEQM Midstream Partners LP1,030.0EQM Midstream Partners LP definitively agreed to acquire a 60% stake in Eureka Midstream Holdings LLC, a Houston-based provider of pipeline transportation services of crude oil, from Morgan Stanley Infrastructure Inc, owned by MS Holdings Inc, ultimately owned by Morgan Stanley Group Inc. Concurrently, EQM definitvely agreed to acquire the entire share capital of Hornet Midstream Holdings LLC. The two transactions will have a combined value of an estimated $1.03 billion. The consideration will consist of an estimated $860 million in cash plus the assumption of an estimated $170 million in liabilities.
Goodnight Midstream LLCTPG Capital LP930.0TPG Capital LP definitively agreed to acquire a majority interest in Goodnight Midstream LLC, a Dallas-based provider of oil and gas pipeline construction services, from Tailwater Capital LLC and other investors, for about $930 million via a leveraged buyout transaction.
Verano Holdings IncHarvest Health & Recreation Inc850.0Harvest Health & Recreation Inc agreed to acquire the entire share capital of Verano Holdings Inc, a Chicago-based manufacturer of medicinals and botanicals, for about $850 million in Harvest Health common shares via a stock swap transaction.
Osiris Therapeutics IncSmith & Nephew PLC656.0Smith & Nephew PLC of the UK agreed to acquire the entire share capital of Osiris Therapeutics Inc, a Columbia-based biological products manufacturer, for $19 in cash per share or a total of $656.037 million in cash.
Figure Eight IncAppen Ltd300.0Appen Ltd of Australia agreed to acquire Figure Eight Inc, a San Francisco-based software publisher, for $300 million. The consideration would consist of $175 million in cash and up to $125 million in profit-related payments.
Voalte IncHill-Rom Holdings Inc195.0Hill-Rom Holdings Inc definitively agreed to acquire Voalte Inc, a Sarasota-based software publisher, for $195 million. The consideration will consist of $180 million in cash and up to $15 million in profit-related payments.
Ubs TowerShorenstein Realty Services LP135.0Shorenstein Realty Services LP acquired UBS Tower, a 602,312 sq ft class A high-rise in Nashville, for $135 mil.
Amerlux LLCDelta Electronics (Netherlands) BV90.0Delta Electronics Inc's unit Delta Electronics BV of Netherlands plans to acquire Amerlux LLC, an Oakland-based lighting solutions manufacturer, for $90 mil.
International Wire Group Holdings IncAtlas Holdings LLC49.8Atlas Holdings LLC definitively agreed to merge with International Wire Group Holdings Inc, a Camden-based manufacturer and wholesaler of bare copper and copper wire products, for $10.7 in cash per share or a total of $49.815 million via a leveraged buyout transaction.
Fullstack Academy IncBridgepoint Education Inc49.3Warburg Pincus Private Equity VIII LP's unit Bridgepoint Education Inc agreed to acquire the entire share capital of Fullstack Academy Inc, a New York City-based trade school operator, for about $49.325 million. The consideration would consist of $17.5 million in cash, issuance of 2.5 million Bridgepoint's common shares valued at $16.75 million and issuance of up to 2.275 million Bridgepoint's common shares valued at $15.075 million in profit-related payments. The shares were valued based from Bridgepoint's closing stock price of $6.7 on 11 March 2019, the last full trading prior to the announcement.
Corvia Medical IncEdwards Lifesciences Corp35.0Edwards Lifesciences Corp acquired Corvia Medical Inc, a Tewksbury-based structural heart devices manufacturer, for $35 million. Concurrently, Edwards acquired Mitralign Inc.
SDC Ventures LLCNext Green Wave Holdings Inc20.6Next Green Wave Holdings Inc of Canada definitively agreed to acquire the entire share capital of SDC Ventures LLC, a San Diego-based manufacturer of medicinals and botanicals, for about $20.6 million. The consideration would include up to $16 million in profit-related payments.
Sierra Ridge Apartments-San AntonioSterling Real Estate Partners16.5Sterling Real Estate Partners acquired the 230-unit Sierra Ridge Apartments in San Antonio, for $16.5 mil.
Kanna IncAcreage Holdings Inc7.9Acreage Holdings Inc agreed to acquire the entire share capital of Kanna Inc, an Oakland-based manufacturer of medicinals and botanicals, for $7.866 million via a stock swap transaction. The consideration would consist of the issuance of .460 million Acreage common shares. The shares were valued based on the Acreage's closing stock price of $17.1 on 12 March 2019, the last full trading day prior to the announcement.
Resolute Industrial LLCAE Industrial Partners LPAE Industrial Partners LP acquired Resolute Industrial LLC, a Wheeling-based air-conditioning equipment manufacturer, via a leveraged buyout transaction from Johnson Controls Inc, owned by Tyco International PLC.
Ridge At WheatlandsAvalonBay Communities IncAvalonBay Communities Inc acquired Ridge at Wheatlands, an apartment rental agency in Aurora, for around $91.25 mil.
Newmont Mining Corp-Mining Operations,NevadaBarrick Gold Corp-Mining Operations,NevadaBarrick Gold Corp agreed to merge its mining operations in Nevada with the mining operations in Nevada of Newmont Mining Corp, a Greenwood Village-based gold mining company. Upon completion of the deal, Barrick will own 61.5% stake and Newmont the remaining 38.5% stake of the joint venture.
Grown 2 Gold LLCCIJ Holdings IncCIJ Holdings Inc acquired Grown 2 Gold LLC, a Wilmington-based manufacturer of medicinals and botanicals.
Mitralign IncEdwards Lifesciences CorpEdwards Lifesciences Corp acquired Mitralign Inc, a Tewksbury-based surgical and medical instruments manufacturer. Concurrently, Edwards acquired Corvia Medical Inc.
Hornet Midstream Holdings LLCEQM Midstream Partners LPEQM Midstream Partners LP definitvely agreed to acquire the entire share capital of Hornet Midstream Holdings LLC, a New York City-based provider of pipeline transportation services of crude oil, from Morgan Stanley Infrastructure Inc, owned by MS Holdings Inc. Concurrently, EQM definitively agreed to acquire a 60% stake in Eureka Midstream Holdings LLC. The two transactions will have a combined value of an estimated $1.03 bil.
Undisclosed 200-Acre Industrial Hemp farm,Cave Junction,OregonExactus IncExactus Inc acquired a majority interest in a 200-acre industrial hemp farm in Cave Junction.
CBD Infusionz LLCGolden Developing Solutions IncGolden Developing Solutions Inc acquired CBD Infusionz LLC, a Denver-based drugs wholesaler.
Strong-Bridge Consulting LLCHCL Technologies LtdHCL Technologies Ltd of India acquired Strong-Bridge Consulting LLC, a Bellevue-based provider of administrative management and general management consulting services.
Linq3 Technologies LLCIncomm IncInComm Holdings Inc's unit Incomm Inc acquired Linq3 Technologies LLC, a West Hollywood-based provider of computer systems design services.
Yankees Entertainment & Sports Network LLCInvestor GroupAn investor group, comprising Amazon.com Inc and New York Yankees, is rumored to be planning to acquire the remaining 80% stake it does not already own in Yankees Entertainment & Sports Network LLC, a New York-based provider of subscription programming services, from 21st Century Fox Inc for around $3.5 bil.
Delta Gypsum LLCL&W Supply CorpAmerican Builders & Contractors Supply Co Inc's unit L&W Supply Corp plans to acquire Delta Gypsum LLC, a retailer of building materials.
Trans-Fast Remittance LLCMasterCard IncMasterCard Inc plans to acquire Trans-Fast Remittance LLC, a New York-based provider of money transfer, remittance and financial services.
Avtec IncMotorola Solutions IncMotorola Solutions Inc acquired Avtec Inc, a Lexington-based wired telecommunications carrier.
Comfort Air Distributing IncMunch's Supply LLCRotunda Capital Partners LLC's unit Munch's Supply LLC acquired Comfort Air Distributing Inc, a Denver-based wholesaler of air-conditioning equipment and supplies .
OctopiNavis LLCCargotec Oyj's unit Navis LLC acquired Octopi, a Miami-based provider of cloud-based operating system services.
Digitel CorpNxtsoft LLCNxtsoft LLC acquired Digitel Corp, an Atlanta-based wireless telecommunications carrier.
C Enterprises LPRF Industries LtdRF Industries Ltd agreed to acquire C Enterprises LP, a Vista-based manufacturer of custom fiber optic and copper cables.
Beverage Solutions Group LLCRonnoco Coffee CoHuron Capital Partners LLC's unit Ronnoco Coffee Co acquired Beverage Solutions Group LLC, a Maynardville-based beet sugar maker.
Costin Airport,Gulf County,FloridaSkyborne Technology IncSkyborne Technology Inc of Australia acquired Costin Airport in Gulf County, FL for flight operations, manufacturing and unmanned aircraft systems training.
Rising Pharmaceuticals IncSuven Life Sciences LtdSuven Life Sciences Ltd of India plans to acquire Rising Pharmaceuticals Inc, an Allendale-based manufacturer and wholesaler of pharmaceuticals, from Aceto Corp.
Petro Waste Environmental LPWM Energy Services Holdings LLCWaste Management Inc's unit WM Energy Services Holdings LLC acquired Petro Waste Environmental LP, a San Antonio-based provider of solid waste collection services, from Tailwater Capital LLC.
US M&A Deals Announced March 8 to 14, 2019
Source: Refinitiv, formerly Thomson Reuters' Financial & Risk business.