| US M&A Deals Announced September 04 to 10, 2020 | | | |
| Target | Acquirer | Value ($millions) | Synopsis |
| MassMutual-Retirement Services | Empower Retirement LLC | 3350 | Empower Retirement LLC, a unit of Great-West Lifeco Inc, definitively agreed to acquire the retirement services business of Massachusetts Mutual Life Insurance Co (MassMutual), a Springfield-based provider of insurance services, for an estimated $3.35 billion. The consideration was to consist of $1 billion in cash and $2.35 billion in reinsurance ceding commission. Originally, in June 2020, MassMutual was rumored to be seeking a buyer for its retirement services division. |
| Advantage Solutions Inc | Conyers Park II Acquisition | 2271.200 | Conyers Park II Acquisition Corp (CP II) definitively agreed to merge with Advantage Solutions Inc (Advantage Solutions), an Irvine-based provider of sales and marketing services, from Karman Topco LP, in exchange for 208.75 million CP II's Class A common shares valued at $2.271 bil, in a stock swap reverse takeover transaction. The shares were valued based on CP II's closing stock price of $10. 88 in 4 September 2020, the last full trading day prior to the the announcement. Upon completion, CP II and Advantage Solutions' shareholders were to own 38% and 62%, respectively. |
| Virtusa Corp | Baring Private Equity Asia Ltd | 1711.045 | Baring Private Equity Asia Ltd of Hong Kong, a unit of Baring Private Equity Partners Ltd, definitively agreed to merge with Virtusa Corp, a Southborough-based provider of provider of digital strategy, digital engineering, and IT services and solutions, from The Oregon Group and other shareholders, for $51.35 in cash per share, or a total value of $1.711 bil, in a leveraged buyout transaction. |
| Redwood Radiology LLC | Radiology Partners Inc | 885 | Radiology Partners Inc agreed to acquire the entire share capital of Redwood Radiology LLC, a Sunrise-based diagnostic imaging center operator, from MEDNAX Inc, for an estimated $885 million in cash. |
| DuPont de Nemours-TCS Business | Hemlock Semiconductor Op LLC | 725 | Hemlock Semiconductor Operations LLC (Hemlock Semiconductor), acquired trichlorosilane business of DuPont de Nemours Inc, a Wilmington-based manufacturer of plastics materials. Concurrently, Corning Inc acquired the remaining interest, which it did not already own, in Hemlock Semiconductor. The two transactions had a combined value of $725 million . |
| BacklotCars Inc | ADESA Inc | 425 | ADESA Inc, a unit of KAR Auction Services Inc, definitively agreed to merge with BacklotCars Inc, a Kansas City-based provider of online marketplace for auto dealers, for a total $425 million in cash. |
| Chef Software Inc | Progress Software Corp | 220.000 | Progress Software Corp definitively agreed to acquire Chef Software Inc, a Seattle-based provider of software automation services for a total $220 million in cash. |
| MyCase Inc | Mockingbird Acquisition Co Inc | 193.000 | Mockingbird Acquisition Co Inc, a unit of Apax Partners LLP, definitively agreed to acquire MyCase Inc, a Goleta-based software publisher, from AppFolio Inc, for a total $193 million in cash. |
| Silva International Inc | Universal Corp | 170.000 | Universal Corp definitively agreed to acquire Silva International Inc, a Momence-based fresh fruits and vegetables merchant wholesaler, for a total $170 million in cash. |
| Alkahest Inc | Grifols SA | 146.00 | Grifols SA of Spain agreed to acquire the remaining 55% interest, which it did not already own, in Alkahest Inc, a San Carlos-based manufacturer of biological products, for a total $146 million . |
| Team Wendy LLC | Avon Rubber PLC | 130 | Avon Rubber PLC of the UK definitively agreed to acquire Team Wendy LLC, a Cleveland-based manufacturer of surgical appliance and supplies, for a total $130 million in cash. |
| Pivot Tech Solutions Inc | 1264283 BC Ltd | 77.394 | 1264283 BC Ltd of Canada, a unit of Computacenter PLC, definitively agreed to acquire the entire share capital of Pivot Technology Solutions Inc, a Norcross-based software publisher, for $1.965 in cash per share, or a total value of $77. 394 million , via scheme of arrangement. |
| Project Cannabis | Columbia Care Inc | 69 | Columbia Care Inc (CCI) definitively agreed to acquire Project Cannabis, a Los Angeles-based manufacturer, wholesaler and retailer of cannabis products, for an estimated $69 million . The consideration was to consist of an estimated $12 million cash and $57 million in CCI's common shares. |
| Sense Networks Inc | Adviser Services Holdings Ltd | 12.419 | Adviser Services Holdings Ltd of the UK acquired Sense Networks Inc, a New York-based display advertising agency, from YP Intellectual Property LLC, ultimately owned by AT&T Inc, for a total $12.419 million . |
| GPR Ventures LLC-Bldg P(3) | Kevlyn Invests Inc | 10.9 | Kevlyn Investments Inc acquired a 3 office building portfolio from GPR Ventures LLC, a Campbell-based lessor of real estate property, for a total $10.9 million . |
| Pure Therapy LLC | Bevcanna Enterprises Inc | 6 | Bevcanna Enterprises Inc of Canada agreed to acquire the entire share capital of Pure Therapy LLC, an Austin-based online retailer, for a $0.2 per share, or a total value of $6 million . |
| Steer | Facedrive Inc | 3.25 | Facedrive Inc of Canada acquired the entire share capital of Steer, a Washington DC-based provider of transportation support services, from Exelorate Enterprises LLC, ultimately owned by Exelon Corp, for a total $3.25 million , in a stock swap transaction. |
| Plating for Electronics Inc | AOTCO Metal Finishing LLC | | AOTCO Metal Finishing LLC acquired Plating for Electronics Inc, a Waltham-based provider of metal coating and surfacing services. |
| WPP Acquisition LLC | AUA Private Equity Partners | | AUA Private Equity Partners LLC acquired WPP Acquisition LLC, a Cumberland-based nondurable goods merchant wholesaler, in a leveraged buyout transaction. |
| Enable Energy Inc | BayWa r.e Wind LLC | | BayWa r.e Wind LLC, a unit of BayWa re US LLC, acquired Enable Energy Inc, a Sacramento-based provider of warehousing and storage services. The financial terms of the transaction were not disclosed. |
| HomeCEU | Colibri Group Inc | | Colibri Group Inc acquired HomeCEU, a Plano-based provider of online professional and management development training services. |
| Hemlock Semiconductor Op LLC | Corning Inc | | Corning Inc acquired the remaining interest, which it did not already own, in Hemlock Semiconductor Operations LLC (Hemlock Semiconductor), a Hemlock-based manufacturer of semiconductors and related device, from DuPont de Nemours Inc. Concurrently, Hemlock Semiconductor acquired trichlorosilane business of DuPont de Nemours Inc, a Wilmington-based manufacturer of plastics materials. The two transactions had a combined value of $725 million . |
| SecureLink Inc | Cove Hill Partners LLC | | Cove Hill Partners LLC planned to acquire an undisclosed majority interest in SecureLink Inc, an Austin-based provider of third-party remote access software, in a leveraged buyout transaction. |
| Surplus Group LLC | Critical Rental Solutions | | Relevant Rental (RR) acquired Surplus Group LLC, a Dallas-based wholesaler of surplus temperature control equipment. On completion, RR was renamed Critical Rental Solutions. |
| Shoptech Industrial Software | ECi Software Solutions Inc | | ECi Software Solutions Inc, a unit of Apax Partners LLP, definitively agreed to acquire Shoptech Industrial Software Corp, a Glastonbury-based software publisher. Terms were not disclosed. |
| Aquapure Technologies Inc | Evoqua Water Technologies Corp | | Evoqua Water Technologies Corp acquired Aquapure Technologies Inc, a Hamilton-based water supply system operator. The financial terms of the transaction were not disclosed. |
| Integrate Social Group | Exodus Media Group | | CapGenius LLC merged with Integrate Social Group, a Roseville-based provider of data processing and hosting services. |
| FantasyDraft LLC | Fantasy Sports Sharks LLC | | Fantasy Sports Sharks LLC acquired FantasyDraft LLC, a Cornelius-based provider of gambling services. Terms of the transaction were not disclosed. |
| Hollis Cos LLC | Hub International Ltd | | Hub International Ltd, a unit of Hellman & Friedman LLC, acquired Hollis Cos LLC, a Metairie-based employee benefits consulting firm. Terms of the transaction were not disclosed. The transaction included The Employee Benefits Corp. |
| Rhett Butler-Insurace Assets | Hub International Ltd | | Hub International Ltd, a unit of Hellman & Friedman LLC, acquired the insurance brokerage assets of Rhett Butler Insurace Agency Inc, a Rockville-based insurance agency. Terms of the transaction were not disclosed. |
| Todd & Associates LLC | Hub International Ltd | | Hub International Ltd, a unit of Hellman & Friedman LLC, acquired Todd & Associates LLC, a Phoenix-based manufacturer of mobile homes. The financial terms of the transaction were not disclosed. |
| Chelsea Lighting NYC LLC | Kinzie Capital Partners LLC | | Kinzie Capital Partners LLC acquired Chelsea Lighting NYC LLC, a New York City-based provider of IT consulting services, in a leveraged buyout transaction. |
| Tropical Smoothie Cafe LLC | Levine Leichtman Cap Ptnrs Inc | | Levine Leichtman Capital Partners Inc acquired Tropical Smoothie Cafe LLC, an Atlanta-based full-service restaurant operator, in a leveraged buyout transaction. The financial terms of the transaction were not disclosed. |
| 360 Blue LLC | Natural Retreats US LLC,VA | | Natural Retreats US LLC, VA acquired 360 Blue LLC, a Santa Rosa Beach-based recreational and vacation camp operator. The financial terms of the transaction were not disclosed. |
| Smartdrive Systems Inc | Omnitracs LLC | | Omnitracs LLC, a unit of Vista Equity Partners LLC, definitively agreed to acquire Smartdrive Systems Inc, a San Diego-based software publisher. The terms of the transaction were not disclosed, but according to sources close to the transaction, the value was estimated at $450 million . |
| Paragon Healthcare Inc | Peak Rock Capital LLC | | Peak Rock Capital LLC was rumored to be planning to acquire Paragon Healthcare Inc, a Dallas-based outpatient care center operator, 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 $275 million . |
| Baker Hughes Co-SPC Flow Bus | Pelican Energy Partners LP | | Pelican Energy Partners LP agreed to acquire surface pressure control flow business unit of Baker Hughes Co, a Houston-based oilfield services company, owned by GE Oil & Gas UK Ltd, ultimately owned by General Electric Co, in a leveraged buyout transaction. |
| Diversified Crop Insurance | Sompo International Holdings | | Sompo International Holdings Ltd of Bermuda agreed to acquire Diversified Crop Insurance Services Inc, a Lenexa-based provider of insurance related services, from CGB Diversified Services Inc. The financial terms of the transaction were not disclosed. |
| LD Micro Inc | SRAX Inc | | SRAX Inc, through its Sequire platform, planned to acquire LD Micro Inc, a San Ramon-based data and event company. |
| Law Office of Mike Campbell | Thomas Law Offices | | Thomas Law Offices merged with Law Office of Mike Campbell, a Columbia-based law office. |
| Vermont PBS | Vermont Public Radio | | Vermont Public Radio planned to merge with Vermont PBS, a Winooski-based television broadcaster. |
