Weekly wrap: Cisco, Piper Jaffray, Transom

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Cars drive past Cisco Systems Inc. signage at the company's headquarters in San Jose, California, U.S., on Friday, Aug. 15, 2014. Cisco Systems Inc. Chief Executive Officer John Chambers is struggling to revamp the world's largest networking-equipment maker, eliminating 6,000 jobs in a new round of cuts and forecasting little to no sales growth. Photographer: David Paul Morris/Bloomberg

Target Acquirer Value ($millions) Synopsis
Acacia Communications Inc Cisco Systems Inc 3059.3 Cisco Systems Inc definitively agreed to merge with Acacia Communications Inc, a Maynard-based manufacturer of high-speed coherent interconnect products, for $70 in cash per share, or a total $3. 059 bil.
Virgin Galactic LLC Social Capital Hedosophia Holdings Corp 1300.0 Social Capital Hedosophia Holdings Corp (SCH) definitively agreed to merge with Virgin Galactic LLC (VG), a Mojave-based provider of commercial space travel services, from Virgin Group Ltd, for a total $1.3 bil, in a stock swap reverse takeover transaction. The consideration was to consist of $300 million in cash and $1 billion in SCH common shares. Upon completion, SCH and VG shareholders were to own 49% stake and 51% interest in the merged entity, respectively. Additionally, SCH was to be renamed Virgin Galactic Holdings Inc.
BioTek Instruments Inc Agilent Technologies Inc 1165.0 Agilent Technologies Inc definitively agreed to acquire BioTek Instruments Inc, a Winooski-based manufacturer of analytical laboratory instruments, for $1.165 bil.
Adapthealth Holdings LLC DFB Healthcare Acquisitions Corp 510.1 DFB Healthcare Acquisitions Corp (DFB) agreed to acquire the entire share capital of Adapthealth Holdings LLC (AdaptHealth), a Phoenixville-based medical equipment and supplies merchant wholesaler, in exchange for 49 million DFB common shares valued at an estimated $510.09 million , in a stock swap reverse takeover transaction. The shares were valued based from DFB's closing stock price of $10. 41 on 5 July 2019, the last full trading prior the announcement. Upon completion, DFB and AdaptHealth, were to own 41% and 59% respectively, and DFB will be renamed as AdaptHealth Holding Corp and remain listed on NASDAQ.
Sandler O'Neill Partners LP Piper Jaffray Cos 485.0 Piper Jaffray Cos definitively agreed to merge with Sandler O'Neill Partners LP, a New York-based securities brokerage, for a total $485 million . The consideration was to consist of $350 million in cash and $135 million in restricted common shares.
Isle Of Capri Casino Kansas City,Kansas City,Missouri Twin River Worldwide Holdings Inc 230.0 Twin River Worldwide Holdings Inc (Twin River) definitively agreed to acquire Isle Of Capri Casino Kansas City (Isle Kansas City) , a Kansas City-based casino operator, from Eldorado Resorts Inc. Concurrently, Twin River definitively agreed to acquire Lady Luck Casino VicksBurg. The two transactions had a combined value of $230 million .
Aspen Surgical Products Inc Audax Group LP 170.0 Audax Group LP definitively agreed to acquire Aspen Surgical Products Inc, a Caledonia-based manufacturer of medical instruments, from Hill-Rom Holdings Inc, for a total $170 million , in a leveraged buyout transaction.
Caliber Co Long Range Acquisition LLC 170.0 Long Range Acquisition LLC acquired the entire share capital of Caliber Co, a Westfield-based manufacturer of ammunition, from Vista Outdoor Inc, for a total $170 million . The consideration was consisted of $158 million in cash and $12 million in promissory notes.
The Frederick,Brooklyn,New York Harbor Group International LLC 117.0 Harbor Group International LLC acquired The Frederick, a Brooklyn-based lessor of residential buildings and dwellings, from Heritage Equity Partners, for a total $117 million .
Spitfire Pharma Inc Altimmune Inc 93.0 Altimmune Inc definitively agreed to merge with Spitfire Pharma Inc, a South San Francisco-based manufacturer of pharmaceutical preparation, for an estimated $93 million . The consideration was to consist of $5 million in common shares and up to $88 million in profit-related payments.
Treehouse Foods Inc-Flagstone Foods Trail Mix Business Atlas Holdings LLC 90.0 Atlas Holdings LLC definitively agreed to acquire flagstone foods trail mix business of Treehouse Foods Inc, an Oak Brook-based manufacturer of canned fruits and vegetables, for an estimated $90 million , in a leveraged buyout transaction. Originally, in November 2018, TreeHouse was rumored to be seeking a buyer for its flagstone foods trail mix business.
Artesyn Embedded Technologies Inc-Embedded Computing business SMART Global Holdings Inc 90.0 SMART Global Holdings Inc (SMART Global) acquired the Embedded Computing business of Artesyn Embedded Technologies Inc, a Boca Raton-based manufacturer of electronic components, ultimately owned by Platinum Equity LLC, for an estimated $90 million . The consideration was to consist of an estimated $80 million in cash and up to $10 million in profit-related payments. Concurrently, SMART Global acquired Inforce Computing Inc.
Exton Apartment Complex,Exton,PA Morgan Properties Trust 82.0 Morgan Properties Trust acquired Exton Apartment Complex, an Exton-based lessor of residential buildings and dwellings, for a total $82 million .
Virginia Sealing Products Inc-Assets & Trade Diploma PLC 80.0 Diploma PLC of the UK acquired assets & trade of Virginia Sealing Products Inc, a Prince George-based manufacturer of packing devices, for a total $80 million . The consideration consisted of $70 million in cash and up to $10 million in profit-related payments.
Advantor Systems Corp Vectrus Systems Corp 44.0 Vectrus Systems Corp, a unit of Vectrus Inc, acquired Advantor Systems Corp, an Orlando-based provider of security technology solutions service, for $44 million .
American Sinopan LLC Excel Earth Ltd 23.7 Excel Earth Ltd, a unit of Imperial Pacific International Holdings Ltd, agreed to acquire a 50% interest in American Sinopan LLC, intermediator, from First Sinopan International Ltd, for a total $23.653 million .
Lake Point Business Center TerraCap Management LLC 17.6 TerraCap Management LLC acquired Lake Point Business Center, an Orlando-based lessor of nonresidential buildings, for a total $17. 625 million .
SAVSU Technologies LLC BioLife Solutions Inc 17.3 BioLife Solutions Inc (BSI) was granted an option to acquire the remaining 56% interest, which it did not already own, in SAVSU Technologies LLC, an Albuquerque-based provider of computer systems design services, from Barson Corp, in exchange for 1.1 million common shares valued at $17.281 million . The shares were valued based on BSI's closing stock price of $15.71 on 5 July 2019, the last full trading day prior to the announcement.
First National Bank of Jackson Citizens Deposit Bank & Trust Inc,Vanceburg,Kentucky 14.8 Citizens Deposit Bank & Trust Inc,Vanceburg,Kentucky, a unit of Premier Financial Bancorp Inc, Huntington,West Virginia, definitively agreed to acquire First National Bank of Jackson, a Jackson-based commercial bank, from First National Holding Co of Jackson, for an estimated $14.8 million in cash.
Inforce Computing Inc SMART Global Holdings Inc 12.0 SMART Global Holdings Inc (SMART Global) acquired Inforce Computing Inc, a Fremont-based provider of computer systems design services, for a total $12 million . Concurrently, SMART Global acquired the Embedded Computing business of Artesyn Embedded Technologies Inc.
Zetta Medical Technologies LLC Agiliti Inc Agiliti Inc, a unit of VeriCenter Inc, acquired Zetta Medical Technologies LLC, a Lake Zurich-based medical equipment and supplies merchant wholesaler.
Degginger Mcintosh & Associates Inc Alliant Insurance Services Inc Alliant Insurance Services Inc, a unit of Kohlberg Kravis Roberts & CoLP, acquired Degginger Mcintosh & Associates Inc, a Bellingham-based insurance agency. Terms were not disclosed.
Pavonia Life Insurance Co Of Michigan Ares Insurance Solutions-Aspida Financial Ares Insurance Solutions- Aspida Financial, a unit of Ares Management Corp-Ares Insurance Solutions, acquired Pavonia Life Insurance Co Of Michigan, insurance agency, from Household Life Insurance Co Of Delaware, ultimately owned by Enstar Group Ltd.
THLETE Inc Ares Outdoors LLC Ares Outdoors LLC acquired THLETE Inc, a Franklin-based sporting and recreational goods and supplies merchant wholesaler. Terms of the transaction were not disclosed.
Stonehenge Insurance Solutions Inc Arthur J Gallagher & Co Arthur J Gallagher & Co acquired Stonehenge Insurance Solutions Inc, a Palm Beach Gardens-based provider of commercial insurance products and consulting services. Terms were not disclosed.
RIS Insurance Services Inc AssuredPartners Inc AssuredPartners Inc, a unit of Apax Partners LP, acquired RIS Insurance Services Inc, an Anacortes-based insurance agency.
Navigator Management Partners LLC Avaap USA LLC Avaap USA LLC acquired Navigator Management Partners LLC, a Columbus-based provider of management consulting services.
Westlane Shopping Center Baceline Investments LLC Baceline Investments LLC acquired Westlane Shopping Center, an Indianapolis-based lessor of nonresidential buildings. Concurrently, Baceline Investments LLC acquired Cooper St Marketplace, lessor of nonresidential buildings and Tarrant Parkway, a Dallas-based lessor of nonresidential buildings.
Cooper St Marketplace Baceline Investments LLC Baceline Investments LLC acquired Cooper St Marketplace, lessor of nonresidential buildings. Concurrently, Baceline Investments LLC acquired Westlane Shopping Center, an Indianapolis-based lessor of nonresidential buildings and Tarrant Parkway, a Dallas-based lessor of nonresidential buildings.
Tarrant Parkway Baceline Investments LLC Baceline Investments LLC acquired Tarrant Parkway, a Dallas-based lessor of nonresidential buildings. Concurrently, Baceline Investments LLC acquired Westlane Shopping Center, an Indianapolis-based lessor of nonresidential buildings and Cooper St Marketplace, lessor of nonresidential buildings.
People's United Financial Inc-Branches(8) Bar Harbor Bank & Trust Co Bar Harbor Bank & Trust Co, a unit of Bar Harbor Bankshares, definitively agreed to acquire 8 branches of People's United Financial Inc, a Bridgeport-based savings institution.
Elanco Animal Health Inc Bayer AG Bayer AG of Germany was rumored to be planning to merge with Elanco Animal Health Inc, a Greenfield-based manufacturer of pharmaceutical preparation, from Eli Lilly & Co. The terms of the transaction were not disclosed, but according to sources close to the transaction, the value was estimated at $7.8 bil.
Industrial Properties(3) Bixby Land Co Bixby Land Co acquired Industrial Properties(3), an Atlanta-based lessor of nonresidential buildings.
Siege Technologies LLC Braes Capital LLC Braes Capital LLC acquired Siege Technologies LLC, a Rome-based provider of computer systems design services, from Nehemiah Security.
Cleary Gull Inc Canadian Imperial Bank of Commerce,Toronto,Ontario Canadian Imperial Bank ofCommerce,Toronto,Ontario of Canada agreed to acquire Cleary Gull Inc, a million waukee-based investment bank. Terms were not disclosed.
Wayin Inc Cheetah Digital Inc Cheetah Digital Inc acquired Wayin Inc, a Denver-based provider of custom computer programming services.
Century 21 Adams Lawndale Commonwealth Real Estate Commonwealth Real Estate acquired Century 21 Adams Lawndale, a Belmont-based lessor of residential buildings and dwellings.
Rose Orchard,San Jose,CA Drawbridge Realty Trust LLC Drawbridge Realty Trust LLC acquired Rose Orchard, a San Jose-based owner and operator of office buildings, from Shorenstein Realty Services LP. Terms were not disclosed.
Convergent Energy Power Energy Capital Partners LLC Energy Capital Partners LLC acquired Convergent Energy Power, producer of crude petroleum and natural gas, in a leveraged buyout transaction.
Globe Composite Solutions Ltd ESCO Technologies Inc ESCO Technologies Inc acquired Globe Composite Solutions Ltd, a Stoughton-based manufacturer of rubber products.
Kmr Inc Finlink Inc Finlink Inc acquired Kmr Inc, software publisher, from Park Capital Investment Management.
Todd Cable Construction LLC FirstLight Fiber Inc FirstLight Fiber Inc, a unit of Antin Infrastructure Partners SAS, acquired Todd Cable Construction LLC, a Newport-based power and communication line constructor. Terms were not disclosed.
Sole Financial FleetCor Technologies Inc FleetCor Technologies Inc acquired Sole Financial, a Portland-based provider of payroll services.
Rifiniti Inc FM:Systems Inc FM:Systems Inc acquired Rifiniti Inc, a Boston-based software publisher.
Red Book Connect LLC Fourth Ltd Fourth Ltd of the UK, a unit of Insight Venture Partners LLC, acquired the entire share capital of Red Book Connect LLC, an Austin-based software publisher.
Blackrock Inc-Community Wind South Greenbacker Renewable Energy Co LLC Greenbacker Renewable Energy Co LLC agreed to acquire an undisclosed majority ownership interest in community wind south of Blackrock Inc, a New York City-based investment bank.
Ehrmann Commonwealth Dairy LLC Groupe Lactalis SA Groupe Lactalis SA of France, a unit of BSA SAS, acquired Ehrmann Commonwealth Dairy LLC, a Brattleboro-based manufacturer of dry dairy products, from Ehrmann Ag.
Leaf Life Harvest Health & Recreation Inc Harvest Health & Recreation Inc acquired Leaf Life, a Casa Grande-based drug store operator.
Peter A Ripper & Associates, Inc Healthcare Financial Resources Inc Healthcare Financial Resources Inc, a unit of Housatonic Equity Investors V LP, acquired Peter A Ripper & Associates, provider of financial transactions services.
Airganics LLC Heavenly Rx Ltd Heavenly Rx Ltd of Canada, a unit of SOL Global Investments Corp, entered into a Letter of Intent {LoI} to acquire the entire share capital of Airganics LLC, yarn spinning million l operator.
Kirkman Group Inc-Nutraceutical Business Hemptown Organics Corp Hemptown Organics Corp acquired the nutraceutical business of Kirkman Group Inc, a Lake Oswego-based manufacturer of medicinals and botanicals.
SAFER Systems LLC Industrial Scientific Corp Industrial Scientific Corp, a unit of Fortive Corp, acquired SAFER Systems LLC, a Westlake Village-based reproducer of software.
Psychiatric Medical Care LLC Integrated Telehealth Partners Integrated Telehealth Partners acquired Psychiatric Medical Care LLC, a Nashville-based health specialist's office operator.
Corepoint Health LLC Interoperability Bidco Inc Interoperability Bidco Inc planned to acquire the entire share capital of Corepoint Health LLC, a Frisco-based software publisher.
Valence Surface Technologies Inc Investor Group An investor group, comprised of British Columbia Investment Management Corp and ATL Partners LLC acquired Valence Surface Technologies Inc, a The Woodlands-based manufacturer of aircraft parts and auxiliary equipment, from Trive Capital LLC.
Matrix Composites Inc ITT Inc ITT Inc acquired Matrix Composites Inc, a Rockledge-based manufacturer of aerospace composite products, from Skaps Industries.
Home Franchise Concepts LLC JM Family Enterprises Inc JM Family Enterprises Inc acquired Home Franchise Concepts LLC, an Irvine-based retailer of home improvement goods and related services, from Trilantic Capital Management LP.
Kensington International Inc Keystone Partners Keystone Partners, a unit of Silver Oak Services Partners LLC, acquired Kensington International Inc, an Oak Brook-based provider of human resources and executive search consulting services. Terms were not disclosed.
Greenberg Strategy Lieberman Research Worldwide Lieberman Research Worldwide, a unit of Tailwind Capital Partners LP, acquired Greenberg Strategy, an Emeryville-based provider of research and development services, in a leveraged buyout transaction.
Clarus Commerce llc Marlin Equity Partners LLC Marlin Equity Partners LLC (Marlin Equity) acquired an undisclosed majority interest in Clarus Commerce LLC (Clarus), internet service provider, in a secondary buyout transaction. Originally, Clarus was acquired by Clarus Commerce LLC SPV, a special purpose vehicle formed by Falcon Investment Advisors LLC, Trivergance LLC and Landon Capital Partners LLC.
Covia Holdings Corp-Lime Business,Calera,AL Mississippi Lime Co Mississippi Lime Co, a unit of HBM Holdings Co, definitively agreed to acquire lime business,Calera, AL of Covia Holdings Corp, a New Canaan-based industrial sand mine operator, ultimately owned by SCR Sibelco NV.
Actuant Corp-Engineered Components & Systems Segment One Rock Capital Partners LLC One Rock Capital Partners LLC agreed to acquire engineered components & systems segment of Actuant Corp, a Menomonee Falls-based manufacturer of fluid power cylinders and actuators, in a leveraged buyout transaction. In January 2019, Actuant Corp, a Menomonee Falls-based manufacturer of fluid power cylinders and actuators, announced that it was seeking a buyer for its engineered components & systems segment.
Advizr Inc Orion Advisor Services LLC Orion Advisor Services LLC acquired Advizr Inc, a New York-based provider of financial planning & wellness platform. Terms were not disclosed.
LYMI Inc Permira Advisers LLP Permira Advisers LLP of the UK, a unit of Permira Advisers Holdings Ltd, planned to acquire an undisclosed majority interest in LYMI Inc, a Vernon-based women's apparel cutting and sewing contractor, in a leveraged buyout transaction.
Bolingbrook Dermatology Pinnacle Dermatology LLC Pinnacle Dermatology LLC acquired Bolingbrook Dermatology, a Bolingbrook-based physician's office operator.
Lasselle Place,Moreno Valley,California Praedium Group LLC Praedium Group LLC acquired Lasselle Place, a Moreno Valley-based lessor of residential buildings and dwellings.
Valicor Environmental Services LLC Pritzker Private Capital Pritzker Private Capital definitive ly agreed to acquire Valicor Environmental Services LLC, a Monroe-based water supply system operator, in a leveraged buyout transaction.
Meritra Health LLC Quad M Solutions Inc Quad M Solutions Inc signed a letter on intent {LoI} to acquire a 51% interest in Meritra Health LLC, a Westerville-based physician's office operator.
QxBranch Inc Rigetti & Co Inc Rigetti & Co Inc acquired QxBranch Inc, a Washington-based software publisher.
York Risk Services Group Inc Sedgwick Claims Management Services Inc Sedgwick Claims Management Services Inc, a unit of The Carlyle Group LP, planned to acquire York Risk Services Group Inc, a Jersey City-based provider of claims adjusting services, from Onex Corp. Terms were not disclosed.
Callon Petroleum Co-non core assets Sequitur Permian LLC Sequitur Permian LLC, a unit of Sequitur Energy Resources LLC, acquired non core assets of Callon Petroleum Co, a Natchez-based producer of crude petroleum and natural gas, ultimately owned by Callon Petroleum Co.
Grupo Rotoplas Sab De Cv-Rotomoulding Factories(3) Tank Holding Corp Tank Holding Corp, a unit of Leonard Green & Partners LP, acquired 3 rotomoulding factories of Grupo Rotoplas Sab De Cv, an Alvaro Obregon-based manufacturer of commercial and service industry machinery.
MJ Fitness Management LLC Taymax Fitness LLC Taymax Fitness LLC acquired MJ Fitness Management LLC, a Huntsville-based fitness and recreational sports center operator. Terms were not disclosed.
Aspen Heights,Clemson,SC The Preiss Co The Preiss Co acquired Aspen Heights, a Clemson-based rooming and boarding houses operator.
Beauty Quest Group Transom Capital Group LLC Transom Capital Group LLC acquired professional liquids division of Conair Corp (liquids division), a Stamford-based manufacturer of electric housewares, in a leveraged buyout transaction. On Completion, liquids division was renamed as Beauty Quest Group.
Lady Luck Casino Vicksburg,Vicksburg,Mississippi Twin River Worldwide Holdings Inc Twin River Worldwide Holdings Inc (Twin River) definitively agreed to acquire Lady Luck Casino Vicksburg (Lucky Luck), a Vicksburg-based casino operator, from Eldorado Resorts Inc. Concurrently, Twin River, definitively agreed to acquire Isle of Capri Casino Kansas City. The two transactions had a combined value of $230 million .
AM PAN Business Systems UBEO Inc UBEO Inc, a unit of Sentinel Capital Partners LLC, acquired AM PAN Business Systems, a Port Neches-based provider of computer and office machine repair and maintenance services. Terms were not disclosed.
Kendall Green Energy Veolia Energy North America Holdings Inc Veolia Energy North America Holdings Inc, a unit of Veolia Environnement SA, acquired an undisclosed majority interest in Kendall Green Energy, a Cambridge-based electric power generation facility operator, from ISQ Global Infrastructure Fund LP, ultimately owned by I Squared Capital Advisors LLC.
Riverwalk Apartments,Rockhill,SC West Shore LLC West Shore LLC acquired Riverwalk Apartments, a Rock Hill-based owner and operator of apartment community.
Hendrick Acura,Overland Park,Kansas Wolfe Automotive Group LLC Wolfe Automotive Group LLC acquired Hendrick Acura, an Overland Park-based new car dealer.
US M&A Deals Announced June 28 to July 11, 2019
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