| US M&A Deals Announced December 06 to 12, 2019 | | | |
| Target | Acquirer | Value ($millions) | Synopsis |
| Vertiv Holdings LLC | GS Acquisition Holdings Corp | 5095.0 | GS Acquisition Holdings Corp (GS Acquisition) definitively agreed to merge with Vertiv Holdings LLC (Vertiv), a Columbus-based provider of hardware, software, analytics and ongoing services, from Platinum Equity LLC, in a stock swap transaction valued at an estimated $5.095 billion. The consideration was to consist of an estimated $415 million in cash and issuance of GS Acquisition Class A common shares valued at $4. 68 billion. Upon completion, Vertiv was to be renamed Vertiv Holdings Co. Originally, in December 2019, GS Acquisition was rumored to be planning to acquire Vertiv. |
| Texas Capital Bancshares Inc | Independent Bank Group Inc | 3074.7 | Independent Bank Group Inc (Independent) definitively agreed to merge with Texas Capital Bancshares Inc (Texas), a Dallas-based commercial bank, for a total $3.075 bil, in a stock swap reverse takeover transaction, via merger of equals. Independent offered 1. 0311 common shares per Texas share. Based on Independent's closing stock price of $59. 26 on 6 December 2019, the last full trading day prior to the announcement, each Independent share was valued at $61.103. Upon completion, Independent and Texas shareholders were to own 45% stake and 55% interest in the merged entity, respectively. |
| ArQule Inc | Merck Sharp & Dohme Corp | 2624.0 | Merck Sharp & Dohme Corp, a unit of Merck & Co Inc, definitively agreed to merge with ArQule Inc, a Burlington-based biopharmaceutical company, for $20 in cash per share, or a total value of $2.624 bil, via tender offer. The offer was conditioned upon at least 50% of shares being tendered pursuant to the offer. |
| Synthorx Inc | Sanofi SA | 2453.3 | Sanofi SA of France, definitively agreed to merge with Synthorx Inc, a La Jolla-based manufacturer of pharmaceutical products, for $68 in cash per share, or a total of $2.453 bil, via tender offer. The offer was conditioned upon at least majority of shares being tendered. |
| GS Acquisition Holdings Corp | Investor Group | 1239.0 | An investor group, comprised of GS DC Sponsor I LLC, a unit of Cote SPAC 1 LLC and GS Sponsor LLC and undisclosed investors, agreed to raise its interest to 67. 166% from 8.208%, by acquiring 58.958% interest or 123.9 million Class A common shares in GS Acquisition Holdings Corp, a New York City-based special purpose acquisition company, for $10 per share, or a total $1.239 bil, in a privately negotiated transaction. |
| GS Mid Market Lending Corp | Goldman Sachs BDC Inc | 1027.1 | Goldman Sachs BDC Inc (Goldman Sachs BDC) definitively agreed to merge with Goldman Sachs Middle Market Lending Corp, a New York City-based specialty finance company, in exchange for 49.168 million new common shares valued at $1.027 bil, in a stock swap reverse takeover transaction. The shares were valued based on Goldman Sachs BDC's closing stock price of $20.89 on 6 December 2019, the last full trading day prior to the announcement. |
| Park Place-Certain Assets | Asbury Automotive Group Inc | 1000.0 | Asbury Automotive Group Inc definitively agreed to acquire certain assets of Park Place Motorcars Ltd, a Dallas-based retailer of new and used automobile, for an estimated $1 billion. in cash. |
| 3M Drug Delivery Systems | Altaris Capital Partners LLC | 650.0 | Altaris Capital Partners LLC agreed to acquire 3M Drug Delivery Systems (3M DDS), a St. Paul-based manufacturer of pharmaceutical preparation, from 3M Co (3M), for an estimated $650 mil, in a leveraged buyout transaction. Originally, in December 2019, 3M was rumored to be seeking a buyer for 3M DDS. |
| Diplomat Pharmacy Inc | OptumRx Inc | 318.5 | OptumRx Inc, a unit of Optum Inc, definitively agreed to acquire the entire share capital of Diplomat Pharmacy Inc (Diplomat), a Flint-based drug store operator, for $4 in cash per share, or a total value of $318.538 million in cash, including assumption of liabilities. The offer was conditional upon at least a majority of Diplomat's shares being tendered. Originally, in August 2019, Diplomat, announced that it was seeking a buyer for the company. |
| Eldorado Resorts-Casino RE(3) | VICI Properties Inc | 278.0 | VICI Properties Inc acquired 3 Casino Real Estate Properties of Eldorado Resorts Inc, a Reno-based owner and operator of casino hotels, for an estimated $278 million in cash. |
| RPT Rlty-Ppty Portfolio(5) | GIC Pte Ltd | 244.0 | The Singaporean state- owned GIC Pte Ltd, a unit of the Singaporean state-owned Singapore, acquired 5 property portfolio of RPT Realty, a Singapore-based sovereign wealth fund, for a total $244 mil, in the formation of a joint venture. |
| Jones Energy II Inc | Revolution Resources LLC | 100.3 | Revolution Resources LLC definitively agreed to merge with Jones Energy II Inc, an Austin-based producer of crude petroleum and natural gas, for $14.11 in cash per share, or a total value of $100.287 million in cash. |
| The Strand, Jacksonville, FL | Consolidated-Tomoka Land Co | 62.7 | Consolidated-Tomoka Land Co acquired The Strand, a Jacksonville-based lessor of nonresidential buildings, for a total $62.7 mil. |
| Gradifi Inc | Etrade Financial Corp | 30.0 | E Trade Group Inc acquired Gradifi Inc, a Boston-based provider of consumer lending services, from First Republic Bank,San Francisco,California, for a total $30 mil. |
| The Residence Inn Yonkers | AAM 15 Management LLC | | AAM 15 Management LLC acquired The Residence Inn Yonkers, an Yonkers-based hotel operator. |
| Advcd Hom Care - Med Equip Bus | Adapthealth Corp | | Adapthealth Corp planned to acquire medical equipment business of Advanced Home Care, a Greensboro-based medical equipment and supplies merchant wholesaler. |
| Measure UAS Inc | Aerodyne Group | | Aerodyne Group of Malaysia acquired a 60% interest in Measure UAS Inc, a Washington-based manufacturer of search, detection, navigation, guidance, aeronautical and nautical systems and instruments. |
| S-Network Global Indexes Inc | Alerian Capital Mgmt LLC | | Alerian Capital Management LLC, a unit of Aretex Capital Partners LLC, acquired S-Network Global Indexes Inc, a New York City-based investment advisor. |
| Grayhawk Homes Inc | Amer Sthrn Homes Hldg Llc | | American Southern Homes Holdings LLC acquired Grayhawk Homes Inc, a Columbus-based residential remodeler. |
| Tenneco Inc-Powertrain Bus | Apollo Global Management Inc | | Apollo Global Management Inc was rumored to be planning to acquire powertrain business of Tenneco Inc, a Lake Forest-based manufacturer and wholesaler of clean air and ride performance products and systems, in a leveraged buyout transaction. The terms of the transaction were not disclosed, but according to sources close to the transaction, the value was estimated at $4.3 bil. |
| Mattco Forge Inc | Blue Point Capital Partners IV | | Blue Point Capital Partners IV LP, a unit of Blue Point Capital Partners LP, acquired Mattco Forge Inc, a Paramount-based manufacturer of iron and steel forgings, in a leveraged buyout transaction. |
| Banning Family Hldg Inc | Burris Logistics Inc | | Burris Logistics Inc acquired Banning Family Holdings Inc, a Wilmington-based provider of financial investment services. |
| Green Grow Farms Inc | Canbiola Inc | | Canbiola Inc planned to acquire Green Grow Farms Inc, manufacturer of medicinals and botanicals, from Iconic Brands Inc. |
| ONE Cannabis Group Inc | Cannabis One US Inc | | Cannabis One US Inc, a unit of Cannabis One Holdings Inc, agreed to acquire the entire share capital of ONE Cannabis Group Inc, a Denver-based manufacturer of medicinals and botanicals. |
| Carolina Auto Body Shop Inc | Classic Collision Inc | | Classic Collision Inc acquired Carolina Auto Body Shop Inc, a Fort Lauderdale-based provider of automotive surfaces repair and maintenance services. |
| Healthivibe LLC | Corrona LLC | | Corrona LLC acquired Healthivibe LLC, an Arlington-based provider of administrative management and general management consulting services. |
| Rest Suntory USA Inc | DYNAC HOLDINGS Corp | | DYNAC HOLDINGS Corp of Japan, a unit of Suntory Holdings Ltd, agreed to acquire a 51% interest in Restaurant Suntory Usa Inc, a Honolulu-based full-service restaurant operator, from Suntory F&B International(Hk) Co Ltd, owned by Suntory Holdings Ltd. |
| Smelter Service Corp | Employee Stock Ownership Plan | | Smelter Service Corp ESOP acquired Smelter Service Corp, a Mount Pleasant-based materials recovery facilities operator. |
| WH Bass Inc | Employee Stock Ownership Plan | | WH Bass Inc ESOP acquired WH Bass Inc, a Duluth-based residential remodeler. |
| Digital Innovation Inc | ESO Solutions Inc | | ESO Solutions Inc (ESO Solutions) acquired Digital Innovation Inc, a Forest Hill-based provider of custom computer programming services. Concurrently, ESO Solutions acquired Lancet Technology Inc and Clinical Data Management Inc. Financial terms of the deals were not disclosed. |
| Clinical Data Management Inc | ESO Solutions Inc | | ESO Solutions Inc (ESO Solutions) acquired Clinical Data Management Inc, a Forest Hill-based provider of custom computer programming services. Concurrently, ESO Solutions acquired Lancet Technology Inc and Digital Innovation Inc. Financial terms of the deals were not disclosed. |
| Lancet Technology Inc | ESO Solutions Inc | | ESO Solutions Inc (ESO Solutions) acquired Lancet Technology Inc a Forest Hill-based provider of custom computer programming services. Concurrently, ESO Solutions acquired Clinical Data Management Inc, and Digital Innovation Inc. Financial terms of the deals were not disclosed. |
| THL Credit Advisors LLC | First Eagle Invest Mgmt LLC | | First Eagle Investment Management LLC planned to acquire THL Credit Advisors LLC, a Boston-based investment advisor, from THL Credit Inc. |
| Fresh Dining Concepts LLC | Fresh Dining Concepts LLC SPV | | Fresh Dining Concepts LLC SPV acquired Fresh Dining Concepts LLC, a Charlotte-based full-service restaurant operator. |
| Nestle SA-Ice Cream Business | Froneri Ltd | | Froneri Ltd of the UK, jointly owned by Nestle SA, Baxter International Inc and R&R Ice Cream PLC, definitively agreed to acquire ice cream business of Nestle SA, a Vevey-based manufacturer of frozen desserts. |
| New Seasons Market Inc | Good Food Holdings LLC | | Good Food Holdings LLC, a unit of E-Mart Inc, definitively agreed to acquire the entire share capital of New Seasons Market Inc, a Portland-based supermarket operator. |
| Lazer Spot Inc | Harvest Partners LP | | Harvest Partners LP acquired Lazer Spot Inc, an Alpharetta-based provider of truck rental and leasing services, from Greenbriar Equity Fund III LP, ultimately owned by Greenbriar Equity Group LP, in a leveraged buyout transaction. |
| Gulf Coast Insulation Llc | Installed Building Products | | Installed Building Products Inc acquired Gulf Coast Insulation LLC, a Niceville-based drywall and insulation contractor. |
| Perfection Ppty Restoration | Interstate Restoration Inc | | Interstate Restoration Inc, a unit of FirstService Corp, acquired Perfection Property Restoration, an East Dundee-based commercial building constructor, from Global Restoration Holdings LLC, ultimately owned by FirstService Corp. |
| Owl Wire & Cable LLC | Intl Wire Grp Hldg Inc | | International Wire Group Inc acquired Owl Wire & Cable LLC, a Canastota-based electrical apparatuses and equipment merchant wholesaler. |
| Ziegler Capital Management LLC | Investor Group | | A management-led investor group, comprised of 1251 Capital Group Inc, agreed to acquire Ziegler Capital Management LLC, a Chicago-based investment advisor, from Ziegler Cos Inc, in a leveraged buyout transaction. |
| Integreon Inc | KORE Wireless Group Inc | | KORE Wireless Group Inc, a unit of ABRY Partners LLC, acquired Integreon Managed Solutions Inc, a New York-based provider of management consulting services, from LiveIt Solutions Inc, ultimately owned by Ayala Corp and Integreon Inc, ultimately owned by Ayala Corp. |
| Stericycle-Tele Answering Scvs | MAP Communications Inc | | MAP Communications Inc acquired telephone answering services business of Stericycle Inc, a Lake Forest-based provider of solid waste collection services. |
| Republic Wealth Advisors Llc | Mercer Global Advisors Inc | | Mercer Global Advisors Inc, a unit of Marsh & McLennan Cos Inc, acquired Republic Wealth Advisors LLC, an Austin-based investment advisor. |
| ICOMold LLC | Midwest Composite Technologies | | Midwest Composite Technologies Inc, a unit of Core Industrial Partners LLC, acquired ICOMold LLC, a Holland-based manufacturer of plastics products. Financial terms of the transaction were not disclosed. |
| Cigna Corp-Nonhealth Benefits | New York Life Ins Co | | New York Life Insurance Co was rumored to be planning to acquire the nonhealth benefits unit of Cigna Corp, a Bloomfield-based direct health and medical insurance carrier. The terms of the transaction were not disclosed, but according to sources close to the transaction, the value was estimated at $6 billion. MetLife Inc and Sun Life Financial Inc were rumored bidders. |
| Rockland Capital LLC-NCA2 | Panamint Capital | | Panamint Capital planned to acquire Rockland Capital LLC-Nevada Cogeneration Associates 2, a Las Vegas-based owner and operator of combined cycle cogeneration facility, from Rockland Capital LLC. |
| Spire Inst Complexgenevaohio | Pikesville Inds Llc | | Pikesville Industries LLC acquired Spire Institute Complex, a Geneva-based fitness and recreational sports center operator. |
| Hotels For Hope Inc | QuintEvents LLC | | QuintEvents LLC acquired Hotels For Hope Inc, an Austin-based software publisher. |
| 451 Research LLC | S&P Global Inc | | S&P Global Inc acquired 451 Research LLC, a New York-based investment advisor. Terms of the deal were not disclosed |
| InsynQ Inc-Business Assets | Summit Hosting LLC | | Summit Hosting LLC acquired business assets of InsynQ Inc, a Tacoma-based internet service provider. |
| Meridian Logistics Llc | Transportation Insight LLC | | Transportation Insight LLC, a unit of Gryphon Investors Inc, acquired Meridian Logistics LLC, an Austin-based provider of transportation support services. |
| Valence Svcs Llc | Veriship Inc | | Veriship Inc acquired Valence Services LLC, a Salt Lake City-based provider of custom computer programming services. |
| Carroll Vision Center | Vision Innovation Partners | | Vision Innovation Partners, a unit of Centre Partners Management LLC, acquired Carroll Vision Center-(2)Practice Group, a Westminster-based provider of ambulatory health care services. |
| J & S Risk Planning Group LLC | World Insurance Associates LLC | | World Insurance Associates LLC acquired J & S Risk Planning Group LLC, a Wantagh-based insurance agency. |
| Risk Mgmt Advisory Grp | Worldwide Facilities LLC | | Worldwide Facilities LLC acquired Risk Management Advisory Group, a Miami Lakes-based provider of office administrative services. |
