US M&A Deals Announced August 28 to September 03, 2020 | | | |
Target | Acquirer | Value ($millions) | Synopsis |
Epicor Software Corp | Clayton Dubilier & Rice LLC | 4,700.00 | Clayton Dubilier & Rice LLC, a unit of Clayton Dubilier & Rice Holdings LP, definitively agreed to acquire Epicor Software Corp (Epicor), an Austin-based developer of enterprise business software solutions, from KKR & Co Inc (KKR), for a total value of $4.7 bil, in a tertiary buyout transaction. Previously, KKR acquired Epicor, in a secondary buyout transaction. Originally, Eagle Parent Inc acquired Epicor in a leveraged buyout transaction. Originally, in August 2019, KKR was rumored to be seeking a buyer for Epicor. |
QuantumScape Corp | Kensington Capital Acquisition | 3,688.00 | Kensington Capital Acquisition Corp (KCAC) definitively agreed to merge with QuantumScape Corp, a San Jose-based manufacturer of advanced energy storage, from Volkswagen Group of America Investments LLC, a unit of Volkswagen Group of America Inc, ultimately owned by Volkswagen AG and other shareholders, in exchange for 368.8 million KCAC's Class A common shares valued at $3. 688 bil, in a stock swap reverse takeover transaction. The shares were valued based on KCAC's closing stock price of $10 on 2 September 2020, the last full trading day prior to the announcement. On completion, KCAC was to be renamed QuantumScape Corp and will be listed on NYSE under the symbol QS. |
Skillz Inc | Flying Eagle Acquisition Corp | 3,500.00 | Flying Eagle Acquisition Corp (Flying Eagle) definitively agreed to merge with Skillz Inc (Skillz), a San Francisco-based online mobile gaming company, for a total value of $3.5 billion. Originally, in September 2020, Flying Eagle was rumored to merge with Skillz. |
Aimmune Therapeutics Inc | Nestle Health Science SA | 1,974.874 | Nestle Health Science SA of Switzerland, a unit of Nestle SA, definitively agreed to acquire the remaining 80.875% interest, or 53.859 million common shares, which it did not already own, in Aimmune Therapeutics Inc, a Brisbane-based manufacturer of pharmaceutical preparation, for $34.5 in cash per share, or a total $1.975 bil, via tender offer. |
Svcmas Global Hldg Inc-Svcmas | RW Purchaser LLC | 1,553.00 | RW Purchaser LLC, a unit of Roark Capital Management LLC, agreed to acquire the ServiceMaster Brands business of ServiceMaster Global Holdings Inc (ServiceMaster Global), a Memphis-based provider of pest control, restoration and cleaning services, for an estimated value of $1.553 billion in cash, in a leveraged buyout transaction. Upon completion, ServiceMaster Global will change its name to Terminix. Originally, in January 2020, ServiceMaster Global announced that it was seeking a buyer for its ServiceMaster Brands business. |
Rosetta Stone Inc | Cambium Learning Group Inc | 766.851 | Cambium Learning Group Inc, a unit of Veritas Capital Management LLC, definitively agreed to acquire the entire share capital of Rosetta Stone Inc, an Arlington-based software publisher, for $766.851 mil. |
CCIT II | CIM Real Estate Finance Trust | 736.371 | CIM Real Estate Finance Trust Inc (CMFT) definitively agreed to merge with Cole Office & Industrial REIT (CCIT II) Inc, a Phoenix-based lessor of nonresidential buildings, for an estimated $736.371 mil, in a stock swap transaction. Concurrently, CMFT definitively agreed to merge with Cole Office & Industrial REIT (CCIT III) Inc and Cole Credit Property Trust V Inc. |
EDP Renovaveis-renewable portf | Connor Clark & Lunn | 676.00 | Connor Clark & Lunn Infrastructure Ltd of Canada, a unit of Connor Clark & Lunn Financial Group Ltd, agreed to acquire an 80% interest in renewable power porfolio of EDP Renovaveis SA, a Madrid-based alternative energy sources establishment, ultimately owned by EDP Energias de Portugal SA, for $676 mil. |
Akcea Therapeutics Inc | Ionis Pharmaceuticals Inc | 445.053 | Ionis Pharmaceuticals Inc definitively agreed to acquire the remaining 24% stake or 24.521 million common shares, which it did not already own, in Akcea Therapeutics Inc, a Boston-based manufacturer of biological products, for $18.15 in cash per share, or a total value of $445.053 mil, via a tender offer. The transaction is conditional upon at least 50% of the common shares being tendered. |
Gogo Inc-Coml Aviation Bus | Intelsat SA | 400.00 | Intelsat SA of Luxembourg, a unit of BC Partners LLP, definitively agreed to acquire the commercial aviation business (Unit) of Gogo Inc (Gogo), an Itasca-based provider of telecommunications services, for a total value of $400 million in cash. Originally, in August 2020, Gogo announced that it was seeking a buyer for its Unit. |
Landsea Re California Inc | LF Capital Acquisition Corp | 359.758 | LF Capital Acquisition Corp definitively agreed to merge with Landsea Real Estate California Inc, a Newport Beach-based provider of housing construction services, from Landsea Green Properties Co Ltd, owned by Greensheid Corp, for a total $359.758 mil, in a stock swap transaction. |
Cole Credit Property Trust V | CIM Real Estate Finance Trust | 333.387 | CIM Real Estate Finance Trust Inc definitively agreed to merge Cole Credit Property Trust V Inc, a Phoenix-based provider of real estate services, for an estimated $333.387 mil, in a stock swap transaction. Concurrently, CMFT definitively agreed to merge with Cole Office & Industrial REIT (CCIT II) Inc, and Cole Office & Industrial REIT (CCIT III) Inc. |
Shiloh Industries Inc-Assets | Grouper Holdings LLC | 218.00 | Grouper Holdings LLC, a unit of MiddleGround Capital LLC, agreed to acquire the assets of the bankrupt Shiloh Industries Inc (Shiloh), a Valley City-based manufacturer and wholesaler of lightweighting, noise and vibration products, for a total $218 mil, via an auction. Originally, in August 2020, Shiloh announced that it was seeking a buyer for its assets. |
Priority Tech Hldg-RentPayment | MRI Software LLC | 180.00 | MRI Software LLC, a unit of GI Partners LLP, definitively agreed to acquire the RentPayment business of Priority Technology Holdings Inc, an Alpharetta-based provider of financial transactions services, for a total $180 million in cash. |
LeapFrog Systems Inc | ASGN Inc | 72.00 | ASGN Inc acquired LeapFrog Systems Inc, a Boston-based provider of management consulting services, for a total $72 million in cash. |
CCIT III | CIM Real Estate Finance Trust | 40.099 | CIM Real Estate Finance Trust Inc (CMFT), definitively agreed to merge with Cole Office & Industrial Reit (CCIT III) Inc, a Phoenix-based lessor of nonresidential buildings, for a total $40.099 mil, in a stock swap transaction. Concurrently, CMFT definitively agreed to merge with Cole Office & Industrial REIT (CCIT II) Inc and Cole Credit Property Trust V Inc. |
iCan Benefit Group LLC | Quad M Solutions Inc | 17.664 | Quad M Solutions Inc definitively agreed to acquire the entire share capital of iCan Benefit Group LLC, a Boca Raton-based insurance agency, for a total $17.664 million. The consideration was to consist of $0.164 in common shares and the assumption of $17. 5 in liabilities. The shares were valued based on Quad M Solutions Inc's closing stock price of $0.25 on 27 August 2020, the first full trading day prior to the announcement. |
Smart Repair Pro Inc | Medigus Ltd | 2.50 | Medigus Ltd of Israel, signed a Letter of Intent {LoI} to acquire a 50.01% interest in Smart Repair Pro Inc, owner and operator of e- commerce retail sites, for an estimated $2.5 million. The consideration was to consist of $1.25 mil, the issuance of restricted ADS valued at $0.5 mil, and up to $0. 75 million in profit-related payments. The transaction was to include Purex Inc. |
Portland Asset Holding Corp | Vibe Bioscience Ltd | 1.442 | Vibe Bioscience Ltd of Canada definitively agreed to acquire the entire share capital of Portland Asset Holding Corp, a Calabasas-based retailer, from Ventura Cannabis & Wellness Corp, for a total $1.442 mil, in a stock swap transaction. |
Cathedral Asset Holding Corp | Vibe Bioscience Ltd | .498 | Vibe Bioscience Ltd of Canada definitively agreed to acquire the entire share capital of Cathedral Asset Holding Corp, a Redding-based manufacturer of medicinals and botanicals, from Ventura Cannabis & Wellness Corp, for a total $0.498 mil, in a stock swap transaction. The consideration was to consist of $0.254 million in common shares and $0.244 million in warrants. |
Caballos Creek Oil Field,TX | Nostra Terra Oil & Gas Co Plc | .425 | Nostra Terra Oil & Gas Co Plc of the UK agreed to acquire Caballos Creek Oil Field, an Atascosa-based producing oil field, from ORO Resources LLC, for a total $0.425 mil. |
Highlands-East Denver Assets | True Oil LLC | .376 | True Oil LLC acquired the East Denver assets of Highlands Natural Resources Corp, a Denver-based producer of crude petroleum and natural gas, ultimately owned by Zoetic International PLC, for a total $0.376 mil. |
Ocean Stn Tr-Station KTDD | 247 Media Ministries | .32 | 247 Media Ministries agreed to acquire FM Station KTDD of Ocean Station Trust II LLC, radio network, ultimately owned by iHeartMedia Inc, for a total $0.32 mil. |
Voxtel Inc | Allegro MicroSystems LLC | | Allegro MicroSystems LLC acquired Voxtel Inc, a Beaverton-based provider of electronic and precision equipment repair and maintenance services. The financial terms of the transaction were not disclosed. |
Aeromatrix Composites | Architect Equity LLC | | Architect Equity LLC acquired Aerospace Composites Division (ACD) of AAR Corp, a Wood Dale-based manufacturer, wholesaler and lessor of new, overhauled and repaired engine and airframe parts and components and aircraft, in a leveraged buyout transaction. On completion, ACD was renamed Aeromatrix Composites. |
Noho Health Inc | Bayer AG | | Bayer AG of Germany agreed to acquire a 70% interest in Noho Health Inc, a New York City-based health and personal care merchandise retailer. The terms of the transaction were not disclosed, but according to sources close to the transaction, the value was estimated at $225 million. Concurrently, Bayer AG of Germany was granted an option to acquire 30% in Noho Health Inc. |
Red Duck Foods Inc | Beaverton Foods Inc | | Beaverton Foods Inc, a unit of BG Specialty, acquired Red Duck Foods Inc, an Eugene-based producer of organic sauces. Terms were not disclosed. |
Bluestem Brands Inc | BLST Operating Co LLC | | BLST Operating Co LLC acquired the bankrupt Bluestem Brands Inc (Bluestem) , an Eden Praire-based hardware retailer, from Capmark Financial Group Inc (CFG). Originally, in March 2020, CFG announced that it was seeking a buyer for its Bluestem unit. |
NextEdge Networks LLC | Bow River Capital Partners | | Bow River Capital Partners acquired NextEdge Networks LLC, a San Francisco-based wireless telecommunications carrier, from Titan Grove Holdings LLC, in a leveraged buyout transaction. The transaction included Modus LLC. |
Vehicle Administrative Service | Brown & Brown Inc | | Brown & Brown Inc agreed to acquire Vehicle Administrative Services Ltd, a Dallas-based provider of automotive repair services. |
DeDonato Enterprises LLC | Canna Consumer Goods Inc | | Canna Consumer Goods Inc signed a letter of intent (LOI) to acquire DeDonato Enterprises LLC, a Dallas-based digital marketing agency. |
AHEAD LLC | Centerbridge Partners LP | | Centerbridge Partners LP definitively agreed to acquire an undisclosed majority interest in AHEAD LLC (AHEAD), a Chicago-based software publisher, from Court Square Capital Partners LP, in a leveraged buyout transaction. The financial terms of the transaction were not disclosed. Concurrently, Berkshire Partners LLC planned to acquire an undisclosed minority stake in AHEAD. |
Bay Photo Inc | Circle Graphics Inc | | Circle Graphics Inc acquired Bay Photo Inc, a Scotts Valley-based provider of photofinishing services. |
GridFabric LLC | CleanSpark Inc | | CleanSpark Inc acquired GridFabric LLC, a San Francisco-based reproducer of software. |
10th Magnitude Inc | Cognizant Technology Solutions | | Cognizant Technology Solutions Corp agreed to acquire 10th Magnitude Inc, a Chicago-based provider of computer systems design services. Terms of the transaction were not disclosed. |
Riga Analytical Lab Inc | Covalent Metrology Svcs Inc | | Covalent Metrology Services Inc acquired Riga Analytical Lab Inc, a Santa Clara-based manufacturer of electrical signals measuring and testing instruments. Terms of the deal were not disclosed. |
TrueWealth LLC | Creative Planning Inc | | Creative Planning Inc acquired TrueWealth LLC, an Atlanta-based investment advisor. The financial terms of the transaction were not disclosed. |
Coastal Carolina Sedation Asso | CRH Medical Corp | | CRH Medical Corp of Canada acquired a 51% interest in Coastal Carolina Sedation Associates LLC, a Raleigh-based physician's office operator. |
ByteSize Inc | DataPerk LLC | | DataPerk LLC acquired ByteSize Inc, a Homewood-based information technology firm. Terms were not disclosed. |
Love Funding Corp | Dwight Capital LLC | | Dwight Capital LLC acquired Love Funding Corp, a Washington-based provider of real estate credit services, from Midland States Bancorp Inc. |
ImmProNano Inc | Emergex Vaccines Holdings Ltd | | Emergex Vaccines Holdings Ltd of the UK acquired ImmProNano Inc, a Doylestown-based provider of biotechnology research and development services. Terms of the transaction were not disclosed. |
Green Compliance Inc | Fincanna Capital Corp | | Fincanna Capital Corp of Canada acquired the entire share capital of Green Compliance Inc, a Sunrise-based reproducer of software. |
Rotation Dynamics-Certain Ast | Finzer Roller Inc | | Finzer Roller Inc acquired certain assets of Rotation Dynamics Corp, a Romeoville-based manufacturer of rollers, roll coverings and related products. |
Triple K Fleet Services Inc | FleetPride Inc | | FleetPride Inc, a unit of American Securities LLC, acquired Triple K Fleet Services Inc, a Harrisburg-based provider of automotive repair services. |
Apply-A-Line LLC | Frontline Road Safety | | Frontline Road Safety, a unit of Sterling Group Inc, acquired Apply-A-Line LLC, a Pacific-based highway, street and bridge constructor. |
Storm Master Gutters Inc | Installed Building Products | | Installed Building Products Inc planned to acquire Storm Master Gutters Inc, a Cherry Hill-based siding contractor. |
Mason Erhman Bldg Annex,OR | Investor Group | | An investor group, comprised of Harbert Management Corp and ScanlanKemperBard Cos LLC acquired Mason Erhman Building & Annex, a Portland-based lessor of nonresidential buildings. |
GI Supply Inc | Investor Group | | An investor group, comprised of Laborie Medical Technologies Inc, a unit of Patricia Industries AB and Signet Healthcare Partners LLC agreed to acquire GI Supply Inc, a Mechanicsburg-based provider of endoscopy and paracentesis products. |
Clearview Cleaning Svc Inc | Kellermeyer Bergensons Svcs | | Kellermeyer Bergensons Services LLC, a unit of Cerberus Capital Management LP, acquired Clearview Cleaning Service Inc, a Garden City-based provider of janitorial services. |
CTI Towers Inc | Melody Investment Advisors LP | | Melody Investment Advisors LP definitively agreed to acquire CTI Towers Inc, a Boston-based wireless telecommunications carrier, from Comcast Ventures Inc, ultimately owned by Comcast Corp, in a leveraged buyout transaction. The financial terms of the transaction were not disclosed. |
Callyo 2009 Corp | Motorola Solutions Inc | | Motorola Solutions Inc acquired Callyo 2009 Corp, a St. Petersburg-based software publisher. Terms were not disclosed. |
Banc Intranets Llc | Ncontracts LLC | | Ncontracts LLC, a unit of Gryphon Investors Inc, acquired Banc Intranets LLC, a Johnson City-based software publisher. |
Synergy RV Transport | Patrick Industries Inc | | Patrick Industries Inc acquired Synergy RV Transport, a Goshen-based provides motor vehicle towing services. |
CareHere LLC | Premise Health Inc | | Premise Health Inc, a unit of OMERS Private Equity Inc, definitively agreed to acquire CareHere LLC, a Brentwood-based operator of wellness centers for self- funded organization. |
Florida Fire Safety Inc | Pye-Barker Fire & Safety LLC | | Pye-Barker Fire & Safety LLC, a unit of Leonard Green & Partners LP, acquired Florida Fire Safety Inc, a Miami-based manufacturer. Terms were not disclosed. |
American Fire & Safety Inc | Pye-Barker Fire & Safety LLC | | Pye-Barker Fire & Safety LLC, a unit of Leonard Green & Partners LP, acquired American Fire & Safety Inc, a Temple-based manufacturer. Terms were not disclosed. |
STRATIS IoT Inc | RealPage Inc | | RealPage Inc acquired STRATIS IoT Inc, a Philadelphia-based software publisher. |
Ali Industries Inc | Rust-Oleum Corp | | Rust-Oleum Corp, a unit of RPM International Inc, acquired Ali Industries Inc, a Fairborn-based manufacturer of abrasive products. Terms of the transaction were not disclosed. |
TimeZoneOne | Schafer Condon Carter | | Schafer Condon Carter acquired TimeZoneOne, a Chicago-based provider of marketing consulting services. |
EnCore Products Inc | Schweiter Technologies AG | | Schweiter Technologies AG of Switzerland acquired EnCore Products Inc, a Statesville-based manufacturer of polystyrene foam products, from Newell Brands Inc. |
ASI Hastings Inc | Service Champions Inc | | Service Champions Inc, a unit of CenterOak Partners LLC, acquired ASI Hastings Inc, a San Diego-based plumbing, heating and air- conditioning contractor. |
iD8-TripleSSS Media Developmen | Six Red Marbles LLC | | Six Red Marbles LLC acquired iD8-TripleSSS Media Development, a New York City-based provider of postproduction services. |
Needle Inc | Stage Capital Management LLC | | Stage Capital Management LLC agreed to acquire Needle Inc, a Lehi-based software publisher. |
CIT Bank NA-Tr & Wealth | Sunflower Bank NA,Denver,CO | | Sunflower Bank NA, a unit of FirstSun Capital Bancorp, acquired the trust & wealth advisory business of CIT Bank NA, a Pasadena-based commercial bank, ultimately owned by CIT Group Inc. |
Mohr Capital-U Ind Ppty,TX | TA Realty LLC | | TA Realty LLC, a unit of Rockefeller Group International Inc, acquired Undisclosed Industrial Property in Grand Prairie, Texas of Mohr Capital LLC, a Dallas-based real estate investment firm. |
Red Lobster Seafood Co | Thai Union Group PCL | | Thai Union Group PCL of Thailand acquired the remaining 51% interest, which it did not already own, in Red Lobster Seafood Co, an Orlando-based limited-service restaurant operator, from Golden Gate Capital Inc. Terms were not disclosed. |
Ventana Apartments,Dallas,TX | Turner Impact Capital LLC | | Turner Impact Capital LLC acquired Ventana Apartments, a Dallas-based lessor of residential buildings and dwellings. |
PhoneTag Inc | YouMail Inc | | YouMail Inc acquired PhoneTag Inc, a New York City-based provider of telephone answering services. |