Target | Acquirer | Value ($millions) | Synopsis |
Total System Services Inc | Global Payments Inc | 21994.3 | Global Payments Inc (Global Payments) definitively agreed to merge with Total System Services Inc (Total System), a Columbus-based provider of financial transactions services, in a stock swap transaction valued at $21. 994 billion. Global Payments offered 0.8101 common share per Total System share. Based on Global Payments' closing stock price of $153.44 on 24 May 2019, the last full trading day prior to the announcement, each Total System share was valued at $124.302. Upon completion, Global Payments and Total System were to own 52% & 48% in the merged entity respectively. Originally, in May 2019, Global Payments was rumored to be planning to acquire Total System. |
Frontier Communications Corp-Operations & All Associated Assets | Frontier Communications Corp-Operations & All Associated Assets SPV | 1352.0 | Frontier Communications Corp-Operations & All Associated Assets SPV, a special acquisition vehicle formed by Searchlight Capital Partners LP and WaveDivision Capital LLC, definitively agreed to acquire Operations & All Associated Assets of Frontier Communications Corp located in Washington, Oregon, Idaho, and Montana, a Norwalk-based provider of telecommunications services, for an estimated $1.352 billion in cash, in a leveraged buyout transaction. |
Prometheus Group Enterprises LLC | Genstar Capital LLC | 1000.0 | Genstar Capital LLC acquired an undisclosed majority interest in Prometheus Group Enterprises LLC (Prometheus Group), a Raleigh-based provider of software application services, from Francisco Partners LP (Francisco), for an estimated $1 bil, in a secondary buyout transaction. Originally, Francisco acquired an undisclosed majority interest in Prometheus Group. |
Recorded Future Inc | Insight Venture Partners LLC | 780.0 | Insight Venture Partners LLC agreed to acquire the entire share capital of Recorded Future Inc, a Somerville-based software publisher, for a total $780 million in cash, in a leveraged buyout transaction. |
Rical LLC | Better Collective A/S | 21.0 | Better Collective A/S of Denmark acquired a 60% interest in Rical LLC, a Nashville-based internet portal operator, for a total $21 million. The consideration consisted of $17.85 million in cash and $3.15 million in ordinary shares. |
C-III Commercial Mortgage LLC-Commercial Real Estate Mortgage Loans Portfolio | Exantas Capital Corp | 13.8 | Exantas Capital Corp acquired commercial real estate mortgage loans portfolio of C-III Commercial Mortgage LLC, a New York-based provider of real estate credit services, owned by C- III Capital Partners LLC, for a total $13.776 million. The deal was valued based on the 7% standard capitalization rate. |
Houston Office Properties(3) | Holloway Lodging Corp | 13.2 | Holloway Lodging Corp of Canada acquired 3 Houston Office Properties, a Houston-based lessor of nonresidential buildings, for a total $13.2 mil. |
Lukes Landscaping Inc | Brightview Holdings Inc | | Brightview Holdings Inc acquired Lukes Landscaping Inc, an Orlando-based provider of landscaping services. Concurrently, Brightview Holdings Inc acquired Desert Classic Landscaping. |
Desert Classic Landscaping | Brightview Holdings Inc | | Brightview Holdings Inc acquired Desert Classic Landscaping, a Phoenix-based provider of landscaping services. Concurrently, Brightview Holdings Inc acquired Luke Landscaping Inc. |
A Plus Energy Services Holding Co | Employee Stock Ownership Plan | | A Plus Energy Services Holding Co ESOP planned to acquire A Plus Energy Services Holding Co, a Dublin-based electric power generation facility operator. |
Roundpoint Mortgage Servicing Corp | Freedom Mortgage Corp | | Freedom Mortgage Corp planned to acquire the entire share capital of Roundpoint Mortgage Servicing Corp, a Charlotte-based provider of sales financing services, from RoundPoint Financial Group Inc. |
Drawbridge Inc | LinkedIn Corp | | LinkedIn Corp, a unit of Microsoft Corp, agreed to acquire Drawbridge Inc, a San Mateo-based provider of marketing consulting services. |
LiveU Inc | LiveU Inc SPV | | LiveU Inc SPV, jointly owned by Francisco Partners LP and Israel Growth Partners Acquisition Corp, acquired an undisclosed majority interest in LiveU Inc, a Hackensack-based manufacturer of communications equipment, in a leveraged buyout transaction. |
Rainmaker Digital Services LLC | Nimble Worldwide | | Nimble Worldwide acquired Rainmaker Digital Services LLC, a Dallas-based provider of data processing and hosting services, from Copyblogger LLC. |
Panorama Meats | Perdue Farms Inc | | Perdue Farms Inc acquired Panorama Meats, a Woodland-based beef cattle farming establishment. |
Tantiv4 Inc | Spiridon Technologies Ltd | | Spiridon Technologies Ltd of Canada acquired Tantiv4 Inc, a Milpitas-based provider of custom computer programming services. |
Advisory Research Inc-Midstream Energy Business | Tortoise Capital Advisors LLC | | Tortoise Capital Advisors LLC definitively agreed to acquire midstream energy business of Advisory Research Inc, a Chicago-based investment advisor, ultimately owned by Piper Jaffray Cos. |
Phoenix Technology Corp | West Physics Consulting LLC | | West Physics Consulting LLC acquired Phoenix Technology Corp, a Woodstock-based diagnostic imaging center operator. |
US M&A Deals Announced May 24 to 31, 2019 | | | |