TargetAcquirerValue ($millions)Synopsis
Portola Pharmaceuticals IncAlexion Pharmaceuticals Inc1,405.4Alexion Pharmaceuticals Inc definitively agreed to launch a tender offer to acquire the entire share capital of Portola Pharmaceuticals Inc, a South San Francisco-based manufacturer of pharmaceutical preparation, for $ 18 in cash per share, or a total value of $ 1.405 billion in cash.
Stemline Therapeutics IncMenarini662.3A Menarini IndustrieFarmaceutiche Riunite Srl (Menarini) of Italy definitively agreed to acquire the entire share capital of Stemline Therapeutics Inc (Stemline), a New York-based manufacturer of pharmaceutical preparation, for $ 11.50 in cash per share and $ 1 in Contingent Value Right per share, or a total $ 662.296 mil, via a tender offer. The offer was conditional upon at least 50% of Stemline’s shares being tendered.
SWEPI LP-Appalachia AssetsNational Fuel Gas Co571.0National Fuel Gas Co (National Fuel) agreed to acquire appalachia assets of SWEPI LP, a Houston-based producer of crude petroleum and natural gas, owned by Shell Oil Co, for an estimated $ 571 million. The consideration was to consist of $ 391 million in cash, issuance of National Fuel common shares valued at $ 150 mil, and up to $ 30 million in profit related payments.
Censa Pharms IncPTC Therapeutics Inc538.4PTC Therapeutics Inc (PTC) definitively agreed to merge with Censa Pharmaceuticals Inc, a Wellesley-based manufacturer of pharmaceutical preparation, for an estimated $ 538.405 million. The consideration was to consist of $ 10 million in cash, issuance of 0.85 million common shares valued at $ 41.905 mil, and $ 486.5 million in profit-related payments. The shares were valued based on PTC’s closing stock price of $ 49.3 on 5 May 2020, the last full trading day prior to the announcement.
Assocd Benefits & RiskUSI Insurance Services LLC265.8USI Insurance Services LLC definitively agreed to acquire the entire share capital of Associated Benefits & Risk Consulting, a Chicago-based insurance agency, from Associated Banc- Corp, for a total $ 265.755 mil.
eRx Network LLCChange Healthcare Inc212.9Change Healthcare Inc exercised its option to acquire eRx Network LLC, a Fort Worth-based provider of insurance and pension funds administration services, from Emdeon Business Services LLC, ultimately owned by General Atlantic LLC, for a total $ 212.9 mil.
Sl Green Rlty-Retail CondoReuben Brothers SA168.0Reuben Brothers SA of Switzerland planned to acquire retail condominium of SL Green Realty Corp, a New York-based lessor of real estate property, for a total $ 168 mil, in a leveraged buyout transaction.
Connected AnalyticsKaufman Hall & Associates LLC55.0Kaufman Hall & Associates LLC acquired Connected Analytics, software publisher, from Change Healthcare Inc, for a total $ 55 mil.
Tetraphase Pharmaceuticals IncLa Jolla Pharmaceutical Co34.5La Jolla Pharmaceutical Co signed a Letter of Intent{LOI} to acquire the entire share capital of Tetraphase Pharmaceuticals Inc (Tetraphase), a Watertown-based manufacturer of pharmaceutical preparation, for a total $ 34.5 million. The consideration was to consist of $ 22 million in cash plus 12. 5 million contingent virtual rights. Originally, AcelRx Pharmaceuticals Inc definitively agreed to acquire the entire share capital of Tetraphase for an estimated $ 17.248 mil, in a stock swap transaction.
Quintana Energy Services IncKLX Energy Services Hldgs Inc17.7KLX Energy Services Holdings Inc (KLXE) definitively agreed to acquire the entire share capital of Quintana Energy Services Inc (QESI), a Houston-based provider of support services for oil and gas operations, for $ 0.523 in price per share, or a total $ 17.684 mil, in a stock swap transaction. KLXE offered 0.4844 shares per QESI share. The shares were valued based on KLXE’s closing stock price of $ 1. 08 on 01 May 2020, the last full trading day prior to the announcement. Upon completion, KLXE and QESI shareholders were to own 59% and 41% of the merged entity respectively.
Intel365 IncXalles Holdings Inc0.2Xalles Holdings Inc agreed to acquire the entire share capital of Intel365 Inc, a Cumming-based provider of investigation services, for a total $ 0.15 mil, in a stock swap transaction.
Property Portfolio,Texas(3)37th Parallel Ppty Inc37th Parallel Properties Inc acquired a 3-Property Portfolio, lessor of residential buildings and dwellings.
Kates Kesler OrganizationAccenture PLCAccenture PLC of Republic of Ireland acquired Kates Kesler Organization Consulting, a New York City-based provider of administrative management and general management consulting services.
Orbis Biosciences IncAdare Pharmaceuticals IncAdare Pharmaceuticals Inc, a unit of TPG Capital LP, acquired Orbis Biosciences Inc, a Lenexa-based manufacturer of biological products. Terms of the transaction were not disclosed.
721 Solutions LLCAero Mgmt Grp IncAero Management Group Inc acquired 721 Solutions LLC, a Suwanee-based provider of marketing consulting services.
Walgreens Boots-DivisionAmerisourcebergen CorpAmerisourceBergen Corp was rumored to be planning to acquire pharmaceutical wholesale division of Walgreens Boots Alliance Inc, a Deerfield-based drug store operator. The terms of the transaction were not disclosed, but according to sources close to the transaction, the value was estimated at $ 6 bil.
HR Gray & Associates IncAnser AdvisoryAnser Advisory, a unit of Round Table Capital Management LLP, acquired HR Gray & Associates Inc, an Akron-based provider of engineering services, from The Haskell Co.
MistykApple Rush Co IncApple Rush Co Inc, a unit of Livewire Ergogenics Inc, acquired Mistyk, a Titusville-based manufacturer of sanitation goods.
Precept Medical Products IncAspen Surgical Products IncAspen Surgical Products Inc, a unit of Audax Group LP, acquired Precept Medical Products Inc, an Arden-based manufacturer of nonwoven, single-use disposable protective medical apparel that addresses infection control challenges faced by healthcare professionals.
Amer Finl & Automotive SvcsAssurant IncAssurant Inc acquired American Financial & Automotive Services Inc, a The Woodlands-based provider of consumer lending services.
DartPoints LLCAstra Capital ManagementAstra Capital Management acquired an undisclosed majority interest in DartPoints LLC, a Dallas-based provider of data processing and hosting services, in a leveraged buyout transaction. The terms of the deal were not disclosed.
Sthrn Protective GrpBaldwin Krystyn ShermanBaldwin Krystyn Sherman Partners LLC, a unit of BRP Group Inc, acquired Southern Protective Group, a Woodstock-based provider of insurance services.
Label Converting Facility,PABrook & Whittle LtdBrook & Whittle Ltd, a unit of Snow Phipps Group LLC, acquired a label converting facility, a Croydon-based provider of packaging and labeling services.
Pendulum Llc-Risk AssesmentBRP Group IncBRP Group Inc acquired risk assesment business of Pendulum Llc, an Albuquerque-based provider of management consulting services.
Foothills Asset Management LtdCapital Insight Partners LLCCapital Insight Partners LLC merged with Foothills Asset Management Ltd, a Scottsdale-based investment advisor.
Turn Key Health LLCCareCentrix IncCareCentrix Inc, a unit of Summit Partners LP, acquired Turn Key Health LLC, a Philadelphia-based provider of health care services, from Consonance Capital Partners LP, ultimately owned by Consonance Capital. Terms of the transaction were not disclosed.
AEREONCimarron Energy IncCimarron Energy Inc, a unit of Turnbridge Capital LLC, acquired AEREON, an Austin-based provider of support services for oil and gas operations.
Collaborative Solutions LLCCognizant Technology SolutionsCognizant Technology Solutions Corp agreed to acquire Collaborative Solutions LLC, a Reston-based software publisher. The financial details were not disclosed.
Lifeguard SolutionsComplianceQuest IncComplianceQuest Inc acquired Lifeguard Solutions, a San Jose-based software publisher.
J Crew Group IncCreditorsA bankrupt J Crew Group Inc (J Crew), a New York-based a multi-brand apparel and accessories retailer, planned a debt restructuring transaction with Creditors (CRs), including the existing lenders Anchorage Capital Group LLC, GSO Capital Partners and Davidson Kempner Capital Management LP, among others. Upon completion, CRs were to hold an undisclosed interest in the restructured J Crew. The book value of the existing debt that will be exchanged under the terms of the offer is $ 1.65 bil.
John Creps Ins Agcy LlcCrest Insurance Group LLCCrest Insurance Group LLC acquired John Creps Insurance Agency LLC, a Flagstaff-based insurance agency. Terms of the deal were not disclosed.
Dept Of Veterans AffairsEasterly Govt Ppty IncEasterly Government Properties Inc acquired Department of Veterans Affairs Outpatient Facility, a Chico-based outpatient care center operator.
Street Smart LLCFivepoint Solutions IncFivepoint Solutions Inc acquired Street Smart LLC, software publisher. Terms of the deal were not disclosed.
AdvisorEngine IncFranklin Resources IncFranklin Resources Inc, doing business as Franklin Templeton, acquired AdvisorEngine Inc, a New York City-based digital wealth platform and provider of technology and consulting services. Terms were not disclosed.
IlluminOss Medical IncHealthpointCapital LLCHealthpointCapital LLC acquired an undisclosed majority interest in IlluminOss Medical Inc, an East Providence-based manufacturer of medical instruments, in a leveraged buyout transaction. Terms of the deal were not disclosed.
Contractors Insurance NWHeffernan Insurance BrokersHeffernan Insurance Brokers acquired Contractors Insurance NW, an Olympia-based insurance agency for contractors. Terms of the transaction were not disclosed.
Big M Ent Pictures IncHQ Global Education IncHQ Global Education Inc acquired Big M Entertainment Pictures Inc, a Century City-based provider of film and television production services.
HarvestmarkiFoodDecisionSciences InciFoodDecisionSciences Inc acquired Harvestmark, a Sunnyvale-based manufacturer of measuring and controlling devices, from Trimble Inc. Financial terms were not disclosed.
ESS NexTier Insurance GroupIMA Financial Group IncIMA Financial Group Inc acquired ESS NexTier Insurance Group, a Kittanning-based insurance agency. Terms were not disclosed.
Delta-Business UnitIntrepid Solutions & Svcs IncIntrepid Solutions & Services Inc acquired business unit of Delta Solutions & Strategies LLC, a Colorado Springs-based provider of engineering services.
Baker Hughes Hldg-Lufkin RodKPS Capital Partners LPKPS Capital Partners LP definitively agreed to acquire Lufkin Rod Lift Solutions Business of Baker Hughes Holdings LLC, a Houston-based provider of oil and gas drilling services, owned by GE Oil & Gas UK Ltd, in a leveraged buyout transaction.
Exxothermic IncListen Tech CorpListen Technologies Corp acquired ExXothermic Inc, a Saratoga-based manufacturer of navigational, measuring, electromedical and control Instruments.
Greenwood Grp LLCMarket Performance Grp LLCMarket Performance Group LLC acquired Greenwood Group LLC, a Cheektowaga-based provider of consumer shopper insights, brand marketing, brand management and distribution services.
Vergent Communications LLCMeriplex Communications LtdMeriplex Communications Ltd acquired Vergent Communications LLC, a Dallas-based manufacturer of communications equipment.
Sthrn Cmnty Newpapers IncMichael J GebhartMichael J Gebhart acquired an undisclosed majority interest in Southern Community Newpapers Inc, a Lawrenceville-based newspaper publisher.
CyberX IncMicrosoft CorpMicrosoft Corp was rumored to be planning to acquire CyberX Inc, a Waltham-based developer of cybersecurity platform. The terms of the transaction were not disclosed, but according to sources close to the transaction, the value was estimated at $ 165 mil.
Adaptive Sports USA IncMove UnitedDisabled Sports USA Inc merged with Adaptive Sports USA Inc, a Littleton-based provider of sports instruction services. On completion, the merged entity was named Move United.
Personali LtdNamogoo Technologies LtdNamogoo Technologies Ltd acquired Personali Ltd, a New York City-based software publisher.
Flightwire Tech IncNew Wave DVNew Wave Design & Verification LLC acquired Flightwire Technology Inc, a Colorado Springs-based manufacturer of electrical signals measuring and testing instruments.
Seizmik Utility SystemsNivel Parts & Manufacturing CoNivel Parts & Manufacturing Co LLC, a unit of Audax Group LP, acquired Seizmik Utility Systems, a Fuquay-Varina-based manufacturer of motor vehicle parts.
MEDNAX-AnesthesiologyNorth American PartnersNorth American Partners in Anesthesia LLP acquired American Anesthesiology of MEDNAX Inc, a Sunrise-based provider of anesthesia, pain management, and perioperative care services.
Cumulus Networks IncNvidia CorpNvidia Corp planned to acquire Cumulus Networks Inc, a Mountain View-based software publisher. Terms of the transaction were not disclosed.
Noachis Terra IncOragenics IncOragenics Inc acquired Noachis Terra Inc, a Gainesville-based manufacturer of pharmaceutical preparation.
Consonus Healthcare-CopilotPointClickCare Tech IncPointClickCare Technologies Inc of Canada acquired Copilot of Consonus Healthcare Servies, a Milwaukie-based specialty hospital operator.
Amer Rlty Project MgmtProject Mgmt Advisors IncProject Management Advisors Inc acquired American Realty Project Management, an Austin-based commercial building constructor.
Cousins RVRV Retailer LLCRV Retailer LLC acquired Cousins RV, a Colorado Springs-based recreational vehicle dealer.
Water-Jel Technologies LLCSafeguard Med Holdco LlcSafeguard Medical Holdco LLC acquired Water-Jel Technologies LLC, a Carlstadt-based manufacturer of surgical appliance and supplies.
SAMANTHA THAVASA USA INCSamantha Global Branding & ResSamantha Global Branding & Research Institute of Japan agreed to acquire the business of SAMANTHA THAVASA USA INC, manufacturer of women’s handbags, from Samantha Thavasa Japan Ltd. Concurrently, Samantha Global Branding & Research Institute also agreed to acquire the businesses of STL Co Ltd, Samantha Thavasa China Ltd and Samantha Thavasa Shanghai Trading Ltd.
Chicago Custom Foods LLCSauer Brands IncSauer Brands Inc acquired Chicago Custom Foods LLC, an Elk Grove Village-based manufacturer of spices and extracts, from Highlander Partners LP.
Supply Chain Services LLCSole Source Capital LLCSole Source Capital LLC acquired Supply Chain Services LLC, an Oakdale-based provider of long- distance freight trucking services, in a leveraged buyout transaction. The terms of the transaction were not disclosed.
Krave Pure Foods IncSonoma Brands LlcSonoma Brands LLC acquired Krave Pure Foods Inc, an Austin-based meat processor, from Hershey Co, in a leveraged buyout transaction.
V2P2 LLCStrategic Pharm Solutions IncStrategic Pharmaceutical Solutions Inc acquired an undisclosed majority interest in V2P2 LLC, a Durango-based internet portal operator.
Cmnty Support Network IncThe Columbus OrganizationThe Columbus Organization, a unit of HealthEdge Investment PartnersLLC, acquired Community Support Network Inc, a Saint Petersburg-based provider of individual and family services.
Firefly Credit UnionTrustone Financial Federal CUTrustone Financial Federal Credit Union planned to merge with Firefly Credit Union, a Burnsville-based credit union.
Four Star Mechanical LLCVeregyVeregy (Veregy), a unit of Bow River Capital Partners, acquired Four Star Mechanical LLC, a Savoy-based plumbing, heating and air- conditioning contractor. Concurrently, Veregy acquired Four Star Fabricators & Service Co LLC.
Four Star Fabricators & Svc CoVeregyVeregy (Veregy), a unit of Bow River Capital Partners, acquired Four Star Fabricators & Service Co LLC, a Bells-based plumbing, heating and air-conditioning contractor. Concurrently, Veregy acquired Four Star Mechanical LLC.
WaterSmart Software IncVertex Group LtdVertex Group Ltd, doing business as VertexOne, a unit of DFW Capital Partners LP, acquired WaterSmart Software Inc, a San Francisco-based software publisher focused on use of behavioral customer engagement and analytics to drive conservation in the water utility industry.
Houston Natural Resources IncWorldwide Diversified HldgWorldwide Diversified Holdings Inc acquired the entire share capital of Houston Natural Resources Inc, a Houston-based materials recovery facilities operator. The transaction included HNR Oil Services LLC, and HNR Financial LLC.
US M&A Deals Announced May 01 to 07, 2020