Target Acquirer Value ($millions) Synopsis
Auris Health Inc Ethicon Inc 5,750.0 Johnson & Johnson’s unit Ethicon Inc definitively agreed to acquire Auris Health Inc, a Redwood City-based manufacturer of navigational, measuring, electromedical and control instruments, for about $5.75 billion. The consideration will consist of an estimated $3.4 billion in cash and up to $2.35 billion in profit-related payments. Originally, in January 2019, Johnson was rumored to be planning to acquire Auris.
Ellie Mae Inc Thoma Bravo LLC 3,540.7 Thoma Bravo LLC definitively agreed to acquire the entire share capital of Ellie Mae Inc, a Pleasanton-based developer of mortgage management software, for $99 in cash per share or a total of $3.541 billion via a leveraged buyout transaction. Originally, in February 2019, Ellie is rumored to be seeking a buyer for the company.
Coty Inc JAB Cosmetics BV 1,747.5 JAB Holdings BV’s unit JAB Cosmetics BV of Netherlands launched a tender offer to raise its interest from 40.054% to 60.021% in Coty Inc, a New York-manufacturer and wholesaler of perfumes, color cosmetics, toiletries and skin and sun care. The transaction will be achieved by acquiring a 19.967% stake in Coty or 150 million class A common shares for $11.65 in cash per share or a total of $1.748 billion via an unsolicited offer. The offer is conditional upon at least 50 million shares of Coty being tendered.
Livent Corp Shareholders 1,558.5 FMC Corp plans to spinoff its remaining 84.25% stake or 123.005 million common shares in Livent Corp, a Philadelphia-based wholesaler of chemical and allied products, to its shareholders for $1.558 billion. FMC will receive 0.931 common share of Livent for every FMC share held. The shares were valued on a when-issued basis based on Livent’s closing stock price of $12.67 on 8 February 2019, the last full trading day.
Accudyne Industries LLC-Precision Flow Systems Management Business Ingersoll-Rand PLC 1,450.0 Ingersoll-Rand PLC of Republic of Ireland definitively agreed to acquire the precision flow systems management business of Accudyne Industries LLC, a Dallas-based automatic environmental controls manufacturer jointly owned by BC Partners LLP and The Carlyle Group LP, for about $1.45 billion in cash. Originally, in September 2018, Carlyle and BC was rumored to be seeking a buyer for its Accudyne unit.
Sempra Renewables LLC American Electric Power Co Inc 1,056.0 American Electric Power Co Inc agreed to acquire Sempra Renewables LLC, a San Diego-based provider of renewable energy services, from Sempra Energy Inc for about $1.056 billion. The consideration would consist of $551 million in cash and the assumption of $505 million in liabilities. The transaction will include 724 megawatts of operating wind generation and battery assets.
Nexeo Solutions Inc-Plastics Distribution Business One Rock Capital Partners LLC 640.0 One Rock Capital Partners LLC definitively agreed to acquire the plastics distribution business of Nexeo Solutions Inc, a wholesaler of chemical and plastic products in The Woodlands, for about $640 million in cash via a leveraged buyout transaction. The transaction is contingent upon the completion of Univar Inc’s acquisition of Nexeo.
Endeavor Robotics Inc FLIR Systems Inc 385.0 FLIR Systems Inc agreed to acquire Endeavor Robotics Inc, a Chelmsford-based manufacturer of rolling mill machinery and equipment, from Arlington Capital Partners LP for $385 mil.
Undisclosed Multifamily Properties(8) Investcorp Bank BSC 330.0 Investcorp Bank BSC of Bahrain acquired 8 new multifamily properties. The portfolio includes 2,510 units for $330 million in cash via a leveraged buyout transaction.
Idology Inc GB Group PLC 300.0 GB Group PLC of the UK agreed to acquire the entire share capital of Idology Inc, an Atlanta-based provider of computer systems design services, for $300 million in cash.
Global Water Services Holding Co Inc Kurita America Holdings Inc 270.0 Kurita Water Industries Ltd’s unit Kurita America Holdings Inc agreed to acquire the entire share capital of Global Water Services Holding Co Inc, a water supply system operator, from ALLETE Inc for $270 mil.
Ushr Inc Dynamic Map Planning Co Ltd 200.0 Dynamic Map Planning Co Ltd of Japan definitively agreed to acquire Ushr Inc, a Livonia-based software publisher, for about $200 mil.
Invisible Sentinel Inc bioMerieux SA 75.0 Biomerieux SA of France acquired Invisible Sentinel Inc, a Philadelphia-based medical laboratory operator, for $75 mil.
Dataceutics Inc Take Solutions Ltd 45.1 Take Solutions Ltd of India plans to acquire Dataceutics Inc, a Boyertown-based provider of custom computer programming services, for $45.086 mil.
Ivy Quorum Property LLC-Undisclosed Warehouse Property,West Palm Beach,Florida BPREP Deerfield Park LLC 36.3 Brookfield Property Group LLC’s unit BPREP Deerfield Park LLC acquired the warehouse property of Ivy Quorum Property LLC, a Montvale-based lessor of real estate property ultimately owned by Ivy Realty, for $36.3 mil.
Undisclosed Industrial Building,Moorestown,NJ Gladstone Commercial Corp 2.7 Gladstone Commercial Corp acquired an industrial building in Moorestown for $2.7 mil.
Marcon International (USA) Inc GRX Industries Inc 0.7 GRX Industries Inc acquired a 51% stake in Marcon International (USA) Inc, a Washington DC-based industrial wholesaler of machinery and equipment, from IntellaEquity Inc for an assumption of $0.738 million in liabilities.
LifeShield LLC ADT Inc ADT Inc acquired LifeShield LLC, a Hallandale-based provider of security systems services, from Guard Dog LLC, ultimately owned by Guard Dog Inc.
Eero Inc Amazon.Com Inc Amazon.Com Inc definitively agreed to merge with Eero Inc, a San Francisco-based wireless telecommunications carrier.
Cox Enterprises Inc-Tv Stations Apollo Global Management LLC BRH Holdings GP Ltd’s unit Apollo Global Management LLC is rumored to be planning to acquire the TV stations of Cox Enterprises Inc, an Atlanta-based newspaper publisher, via a leveraged buyout transaction for around $3 bil.
Northwest Broadcasting LP-TV Stations Apollo Global Management LLC BRH Holdings GP Ltd’s unit Apollo Global Management LLC is rumored to be planning to acquire the TV stations of Northwest Broadcasting LP, a Boston-based television broadcaster, via a leveraged buyout transaction.
Wingnut Advertising Inc Augeo Affinity Marketing Inc Augeo Affinity Marketing Inc acquired Wingnut Advertising Inc, a Minneapolis-based advertising agency.
Ooyala Inc-Online Video Platform Business Brightcove Inc Brightcove Inc definitively agreed to acquire the online video platform business of Ooyala Inc, a Boston-based provider of data processing and hosting services.
South Marsh Island Production & Lease Block,Maryland Byron Energy Ltd Byron Energy Ltd of Australia acquired South Marsh Island Production & Lease Block, a natural gas liquid producer.
Bc2 Environmental Corp CVF Capital Partners Inc Gael Partners LLC’s unit CVF Capital Partners Inc acquired BC2 Environmental Corp, an Orange-based provider of oil and gas drilling services, via a leveraged buyout transaction from BEKS Acquisition Inc, jointly owned by Bison Capital Equity Partners II-A LP and Bison Capital Equity Partners II-B LP.
Fenris Iv Inc Dark Cubed Dark Cubed acquired Fenris IV Inc, a Charlottesville-based cyber security company focused on delivering cyber security services to highly regulated small and midsize businesses.
Highway Express Trailer Repair Co Dickinson Fleet Services LLC Ridgemont Partners Management LLC’s unit Dickinson Fleet Services LLC acquired Highway Express Trailer Repair Co, a Chicago-based provider of semi-trailer repair services.
Kodiak Gas Services LLC EQT Infrastructure III Fund EQT Infrastructure BV’s unit EQT Infrastructure III Fund of Netherlands acquired Kodiak Gas Services LLC, a Montgomery-based provider of contract compression services, from The Stephens Group LLC via a leveraged buyout transaction.
American Trust Retirement First Mercantile Trust Co Mid Atlantic Capital Group Inc’s unit First Mercantile Trust Co definitively agreed to acquire American Trust Retirement, a Dubuque-based retirement solutions provider, from American Trust & Savings Bank.
Lieberman Management Services Inc Firstservice Residential Management Inc FirstService Corp’s unit Firstservice Residential Management Inc acquired Lieberman Management Services Inc, an Elk Grove Village-based residential property manager.
Qualcomm Life Inc Francisco Partners LP Francisco Partners LP acquired Qualcomm Life Inc, a San Diego-based software publisher, from Qualcomm Inc via a leveraged buyout transaction.
Revature LLC Investcorp Bank BSC Investcorp Bank BSC of Bahrain acquired a majority interest in Revature LLC, a Reston-based provider of talent development services, via a leveraged buyout transaction.
Abercrombie & Kent Group of Cos Investor Group An investor group, comprising Heritage Group SA (85%) and Geoffrey Kent (15%), agreed to acquire the entire share capital of Abercrombie & Kent Group of Cos, an Oak Brook-based tour operator, from Neo Dynasty Ltd, owned by Ocean Sound Enterprises Ltd.
Axis New York Motion Industries Inc Genuine Parts Co’s unit Motion Industries Inc definitively agreed to acquire Axis New York, a Rochester-based provider of computer systems design services. Concurrently, Motion definitively agreed to acquire Axis New England.
Axis New England Motion Industries Inc Genuine Parts Co’s unit Motion Industries Inc definitively agreed to acquire Axis New England, a Danvers-based provider of computer systems design services. Concurrently, Motion definitively agreed to acquire Axis New York.
Filter & Coating Technology Inc Ohio Transmission Corp Irving Place Capital Management LP’s unit Ohio Transmission Corp acquired Filter & Coating Technology Inc, a Belmont-based wholesaler of finishing, dispense solutions, and filtration products.
Lumedic Inc Providence St Joseph Health Providence St. Joseph Health acquired Lumedic Inc, a Seattle-based provider of management consulting services.
Legacy Heights Luxury Apartment Homes Regional Investment & Management LLC Regional Investment & Management LLC acquired the 306-unit Legacy Heights Luxury Apartment Homes in Federal Heights from Cottonwood Residential Inc. Originally, in February 2019, RIM is rumored to be planning to acquire Legacy.
NuVasive Inc Smith & Nephew PLC Smith & Nephew PLC of the UK is rumored to be planning to acquire the entire share capital of NuVasive Inc, a San Diego-based medical instruments manufacturer, for around $3 bil.
DEX Imaging Inc Staples Inc Sycamore Partners LLC’s unit Staples Inc definitively agreed to acquire DEX Imaging Inc, a Tampa-based wholesaler of computer and computer peripheral equipment and software.
Onapproach LLC Trellance Trellance acquired Onapproach LLC, a Minneapolis-based provider of computer systems design services.
Khrysos Industries Inc Youngevity International Inc Youngevity International Inc agreed to acquire Khrysos Industries Inc, a Mascotte-based wholesaler of professional equipment and supplies.
US M&A Deals Announced February 8 to 14, 2019
Source: Refinitiv, formerly Thomson Reuters’ Financial & Risk business.