Weekly wrap: Colony Capital, Yum!, Warburg Pincus

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US M&A Deals Announced January 03 to 09, 2020
Target Acquirer Value ($millions) Synopsis
Armis Inc Armis Inc SPV 1,100.0 Armis Inc SPV, a special purpose acquisition vehicle formed by Insight Venture Management LLC (Insight Partners) and CapitalG Management Co LLC agreed to acquire Armis Inc (Armis), a Palo Alto-based provider of Internet of things (IoT) security solution, for a total value of $ 1.1 billion in cash, in a leveraged buyout transaction. Originally, in January 2020, Armis was rumored to be planning to divest the company to an undisclosed acquiror. Insight Partners was rumored as a potential bidder.
Habit Restaurants Inc Yum! Brands Inc 371.4 Yum! Brands Inc definitively agreed to acquire the entire share of Habit Restaurants Inc, an Irvine-based limited-service restaurant operator, for $ 14 in cash per share, or a total $ 371.393 mil.
Reading Alloys Inc Kymera International 250.0 Kymera International, a unit of Palladium Equity Partners LLC, definitively agreed to acquire Reading Alloys Inc, a Robesonia-based processor of copper, from AMETEK Inc, for a total $ 250 mil.
Databank Ltd Colony Capital Inc 185.0 Colony Capital Inc acquired an undisclosed majority interest in Databank Ltd, a Dallas-based provider of data processing and hosting services, from Digital Bridge Holdings LLC, ultimately owned by Colony Capital Inc, for a total $ 185 mil.
Honkamp Krueger & Co PC Blucora Inc 160.0 Blucora Inc definitively agreed to acquire Honkamp Krueger & Co PC, a Dubuque-based certified public accountant's office, for a total $ 160 mil.
Arthrosurface Inc Anika Therapeutics Inc 100.0 Anika Therapeutics Inc (ATI) agreed to acquire the entire share capital of Arthrosurface Inc, a Franklin-based manufacturer of medical instruments, for an estimated $ 100 million. The consideration was to consist of an estimated $ 60 million in cash and up to $ 40 million in profit-related payments. Concurrently, ATI agreed to acquire Parcus Medical LLC.
Interurban Capital Group Inc Harvest Health & Recreation 88.2 Harvest Health & Recreation Inc (Harvest Health & Recreation) planned to acquire Interurban Capital Group Inc, a Seattle-based retailer of recreational cannabis, for an estimated $ 88.191 mil, including the assumption of $ 0.691 million in liabilities. The consideration was to consist of an estimated $ 87.5 million common shares and 0.206 million multiple voting shares valued at $ 0.691 million. The shares were valued based on Harvest Health & Recreation's closing stock price of $ 3.367 on 03 January 2020, the last full trading day prior to the announcement.
Bioniz Therapeutics Inc Almirall SA 62.0 Almirall SA of Spain, a unit of Grupo Corporativo Landon SL, was granted an option to acquire the entire share capital of Bioniz Therapeutics Inc, an Irvine-based manufacturer of pharmaceutical preparation, for $ 62 million. The consideration was to consist of $ 62 million and an undisclosed amount in profit- related payments.
NextLevel Health Partners Inc Molina Healthcare Inc 50.0 Molina Healthcare Inc definitively agreed to acquire the entire share capital of NextLevel Health Partners Inc, a Chicago-based HMO medical center operator, for an estimated $ 50 mil.
Parcus Medical LLC Anika Therapeutics Inc 35.0 Anika Therapeutics Inc agreed to acquire the entire share capital of Parcus Medical LLC, a Sarasota-based manufacturer of surgical appliance and supplies, for a total $ 35 mil.
Vancouver Village Ppty-VV Menashe Properties Inc 22.3 Menashe Properties Inc acquired Vancouver Village of Vancouver Village Properties Inc, a Vancouver-based owner and operator of shopping center, for a total $ 22.25 mil.
AutoEnginuity LLC Drew Technologies Inc 20.0 Drew Technologies Inc, a unit of Opus Inspection Inc, acquired AutoEnginuity LLC, a Mesa-based manufacturer of motor vehicle electrical equipment, for a total $ 20 mil.
Coventry Of Mahtomedi Memory National Health Investors Inc 9.3 National Health Investors Inc acquired Coventry of Mahtomedi Memory Care, a Mahtomedi-based elderly home operator, for a total $ 9.34 mil.
MaxxClean Carwash Inc TW Hoover Real Estate LLC 4.1 TW Hoover Real Estate LLC acquired Maxxclean Carwash Inc, a Hoover-based car wash operator, for a total $ 4.05 mil.
Excel Elevator & Escalator 3Phase Elevator Corp 3Phase Elevator Corp acquired Excel Elevator & Escalator Corp, a Staten Island-based manufacturer of elevators.
Symantec-Enterprise Security Accenture PLC Accenture PLC of Republic of Ireland agreed to acquire enterprise security business of Symantec Corp, a San Jose-based manufacturer of semiconductors and related device. Terms were not disclosed.
Procura LLC Alaya Care Inc Alaya Care Inc of Canada acquired Procura LLC, a Schaumburg-based software publisher.
United PF Partners LLC American Securities LLC American Securities LLC acquired United PF Partners LLC, an Austin-based fitness and recreational sports center operator, jointly owned by JLM Financial Partners and Eagle Merchant Partners, in a leveraged buyout transaction.
Wind Energy Transmission Texas Axium Infrastructure Inc Axium Infrastructure Inc of Canada definitively agreed to acquire the entire share capital of Wind Energy Transmission Texas LLC, an Austin-based electric power distributor, jointly owned by Brookfield Asset Management Inc and the Canadian state- owned Public Sector Pension Investment Board.
La Tavola LLC BBJ Rentals Inc BBJ Rentals Inc acquired La Tavola LLC, a Napa-based linen supplier.
TechTHiNQ Brodeur & Coville LLC Brodeur & Coville LLC acquired TechTHiNQ, a Scottsdale-based public relations agency.
4INFO Inc Cadent Cadent acquired 4INFO Inc, a San Jose-based provider of marketing consulting services.
fairlife LLC Coca-Cola Co Coca-Cola Co acquired the remaining 57.5% interest, which it did not already own, in fairlife LLC, a Chicago-based manufacturer of fluid milk, from its joint venture partner Select Milk Producers Inc. Terms were not disclosed.
Southern Vermont Cable Corp Comcast Corp Comcast Corp planned to acquire Southern Vermont Cable Corp, a Bondville-based manufacturer of wireless communications equipment.
Yapta Inc Coupa Software Inc Coupa Software Inc acquired Yapta Inc, a Seattle-based provider of data processing and hosting services.
Dent Wizard International Corp Dealer Tire LLC Dealer Tire LLC, a unit of Bain Capital LP, definitively agreed to acquire Dent Wizard International Corp, a Bridgeton-based provider of automotive surfaces repair and maintenance services, from Gridiron Capital LLC. Terms were not disclosed.
Auto/Mate Inc Dealersocket Inc Dealersocket Inc definitively agreed to acquire Auto/Mate Inc, an Albany-based developer of software.
Sys-Tech Solutions Inc Dover Corp Dover Corp definitively agreed to acquire Sys-Tech Solutions Inc, a Princeton-based software publisher. Terms of the transaction were not disclosed.
JHC Technology Inc Effectual Inc Effectual Inc acquired JHC Technology Inc, a National Harbor-based provider of custom computer programming services.
Athena Capital Advisors LLC Fiduciary Trust Co Intl Fiduciary Trust Co International, a unit of Franklin Resources Inc, definitively agreed to merge with of Athena Capital Advisors LLC, a Lincoln-based investment advisor. Terms of the deal were not disclosed.
AeroRepair Corp GenNx360 Capital Partners LLC GenNx360 Capital Partners LLC acquired an undisclosed majority interest in AeroRepair Corp, a Londonderry-based provider of air transportation support services, from Weinberg & Bell Group Inc, in a leveraged buyout transaction.
Gravity Oilfield Svcs-Fishing Graco Fishing & Rental Tools Graco Fishing & Rental Tools Inc acquired fishing & rental division of Gravity Oilfield Services, a Midland-based producer of crude petroleum and natural gas.
Foundation Repair Of Western C Groundworks Cos Groundworks Cos acquired Foundation Repair Of Western Colorado LLC, a Grand Junction-based structure contractor.
Evariant Inc Health Grades Inc Healthgrades.Com Inc, jointly owned by Health Initiatives Inc and Health Grades Inc, acquired Evariant Inc, a Farmington-based software publisher.
Cranbrook Bloomfield Insurance Hub International Ltd Hub International Ltd, a unit of Hellman & Friedman LLC, acquired Cranbrook Bloomfield Insurance Agency LLC, a Bloomfield Hills-based insurance agency.
GRS Title Services LLC Kensington Vanguard Natl Land Kensington Vanguard National Land Services LLC acquired GRS Title Services LLC, a Richmond-based settlement office, from Global Realty Services Group LLC.
Resolution Economics LLC Levine Leichtman Cap Ptnrs Inc Levine Leichtman Capital Partners Inc acquired Resolution Economics LLC, a Beverly Hills-based provider of management consulting services, in a leveraged buyout transaction.
Acline HR Lyons HR Lyons HR acquired Acline HR, a Punta Gorda-based provider of human resources and executive search consulting services.
JM Hartwell LP Mai Wealth Advisors Mai Wealth Advisors, a unit of BC Investment Partners LLC, acquired JM Hartwell LP, a New York-based investment advisor.
Select Provider Networks Inc MedRisk Inc MedRisk Inc acquired Select Provider Networks Inc, a Mechanicsburg-based provider of ambulatory health care services, from Select Medical Corp, ultimately owned by Select Medical Holdings Corp. Terms were not disclosed.
IMED Mobility Inc Mobilityworks Mobilityworks acquired IMED Mobility Inc, a Roseville-based provider of transportation support services.
Hampton Inn & Suites Downtown Noble Investment Group LLC Noble Investment Group LLC (Noble) acquired Hampton Inn & Suites Downtown Denver, a Denver-based hotel operator, from Hilton Worldwide Holdings Inc. Concurrently, Noble acquired Homewood Suites by Hilton Downtown Denver.
Homewood Suites by Hilton Down Noble Investment Group LLC Noble Investment Group LLC (Noble) acquired Homewood Suites by Hilton Downtown Denver, a Denver-based hotel operator, from Hilton Worldwide Holdings Inc. Concurrently, Noble acquired Hampton Inn & Suites Downtown Denver
CS Mckee & Co(United Asset) North Square Investments LLC North Square Investments LLC agreed to acquire CS Mckee & Co(United AssetManagement Corp), a Pittsburgh-based financial vehicle, from United Asset Management Corp, owned by Old Mutual Life Assurance Co (South Africa) Ltd.
Upstate New York Bancorp Inc Norwood Financial Corp FLASH : Norwood Financial Corp planned to acquire UpState New York Bancorp Inc, commercial bank. The terms of the transaction were not disclosed, but according to sources close to the transaction, the reported deal value was estimated at $ 1.7 bil.
Staffing Matters Inc NSC Technologies LLC Nsc Technologies LLC acquired Staffing Matters Inc, a Tucson-based provider of employee leasing services. Terms of the transaction were not disclosed.
Ontellus Ontellus SPV Ontellus SPV, a special acquisition vehicle formed by Aquiline Capital Partners LLC, acquired an undisclosed majority interest in Ontellus, a Houston-based provider of document preparation services, from CapStreet Group LLC, in a leveraged buyout transaction.
JAM Distributing-Marine Fuel O'Rourke Petroleum Inc O'Rourke Petroleum Inc, a unit of Mansfield Energy Corp, acquired marine fuel distribution assets of JAM Distributing Co, a Houston-based wholesaler of petroleum products, owned by Brenntag North America Inc.
Medtouch LLC Perficient Inc Perficient Inc acquired Medtouch LLC, a Somerville-based software publisher.
Academic Dermatology Pinnacle Dermatology LLC Pinnacle Dermatology LLC acquired Academic Dermatology, an Edina-based owner and operator of physician's office.
Studio Codeworks Inc Qlarant Quality Solutions Inc Qlarant Quality Solutions Inc acquired Studio Codeworks Inc, an Upper Marlboro-based software publisher.
Eden Consulting Group Inc Quotient Inc Quotient Inc acquired Eden Consulting Group Inc, a Crofton-based provider of management consulting services.
Bonfit America Inc-Steripod Ranir LLC Ranir LLC, a unit of Perrigo Co PLC, acquired the Steripod assets of Bonfit America Inc, a Culver City-based manufacturer of plastics products. Terms were not disclosed.
Americas Food Technologies Inc Sunny Sky Products LLC Sunny Sky Products LLC acquired Americas Food Technologies Inc, a Tinley Park-based manufacturer of flavoring syrups and concentrates.
INVECAS Inc-Certain IP Assets Synopsys Inc Synopsys Inc definitively agreed to acquire Certain IP Assets of INVECAS Inc, a Santa Clara-based manufacturer of semiconductors and related device. Terms were not disclosed.
Brandon Surgery-Anesthesiology Team Health Holdings Inc Team Health Holdings Inc, a unit of Blackstone Group LP, acquired anesthesiology practice operation of Brandon Surgery Center, a Brandon-based freestanding ambulatory surgical and emergency center operator.
OakGate Technology Inc Teledyne LeCroy Inc Teledyne LeCroy Inc, a unit of Teledyne Technologies Inc, acquired OakGate Technology Inc, a Loomis-based testing laboratory.
STAR of CA Inc The Stepping Stones Group LLC The Stepping Stones Group LLC, a unit of Five Arrows Capital Partners LP, acquired STAR of CA Inc, a Ventura-based provider of behavioral and psychological services.
Upstate Carolina Radiology Inc Us Radiology Specialists Inc US Radiology Specialists Inc acquired Upstate Carolina Radiology Inc, a Spartanburg-based diagnostic imaging center operator.
Sundyne Corp Warburg Pincus LLC Warburg Pincus LLC planned to acquire Sundyne Corp, an Arvada-based manufacturer of fluid power pumps and motors, from Hamilton Sundstrand Corp SPV, in a leveraged buyout transaction. Terms of the transaction were not disclosed.
U Chevys Fresh Mex Units(2) Xperience XRG Restaurant Group Xperience XRG Restaurant Group, a unit of Z Capital Partners LLC, acquired 2 Undisclosed Chevys Fresh Mex Units, a St. Louis-based owner and operator of restaurant. Terms were not disclosed.