Weekly wrap: Grupo Nutresa, Mosaic, U-C Coatings

vivint

Target Acquirer Value ($millions) Synopsis
SemGroup Corp Energy Transfer LP 5100.0 Energy Transfer LP (ET) definitively agreed to merge with SemGroup Corp (SG), a Tulsa-based provider of midstream services, for an estimated $5.1 bil. ET offered an estimated $6.8 in cash and 0.7275 ET common unit per SG share and the assumption of $3.735 billion in liabilities. Based on ET's closing stock price of $14. 02 on 13 September 2019, the last full trading day prior to the announcement, each SG share was valued at $17.
Vivint Smart Home Inc Mosaic Acquisition Corp 2257.4 Mosaic Acquisition Corp (Mosaic) definitively agreed to merge with Vivint Smart Home Inc, a Provo-based smart home company, in a stock swap reverse takeover transaction valued at $2.257 bil. The consideration was to consist of 211.602 million Class A common shares valued at $2.232 billion and up to $25 million in profit-related payments. The shares were valued based on Mosaic's closing stock price of $10.55 on 10 September 2019, the last full trading day prior to the announcement. Upon completion, Mosaic was to be renamed Vivint Smart Home Inc.
Alder BioPharmaceuticals Inc Lundbeck LLC 1750.2 Lundbeck LLC (Lundbeck), a unit of H Lundbeck A/S, ultimately-owned by Lundbeckfonden, definitively agreed to merge with Alder BioPharmaceuticals Inc (Alder BioPharmaceuticals), a Bothell-based clinical-stage biopharmaceutical company, for $20 per share, or a total value of $1.75 bil, via tender offer. Lundbeck offered 18 in cash and $2 in contingent value right per Alder BioPharmaceuticals common share.
Digital Realty Trust Inc-Turn-Key Flex data centers(3) Investor Group 811.0 An investor group, comprised of Mapletree Investments Pte Ltd and Mapletree Industrial Trust, a unit of Mapletree Industrial Trust Management Ltd definitively agreed to acquire an 80% ownership interest in 3 Turn-Key Flex data centers of Digital Realty Trust Inc (Digital Realty), a San Francisco-based lessor of real estate property, for $811 million. Concurrently, the investor group definitively agreed to acquire 10 Powered Base Building data centers of Digital Realty.
Digital Realty Trust Inc-Powered Base Building data centers(10) Investor Group 557.0 An investor group, comprised of Mapletree Investments Pte Ltd and Mapletree Industrial Trust, a unit of Mapletree Industrial Trust Management Ltd definitively agreed to acquire 10 Powered Base Building data centers of Digital Realty Trust Inc (Digital Realty), a San Francisco-based lessor of real estate property, for $557 million. Concurrently, the investor group definitively agreed to acquire an 80% ownership interest in 3 Turn- Key Flex data centers of Digital Realty.
Newmar Corp Winnebago Industries Inc 343.5 Winnebago Industries Inc agreed to acquire the entire share capital of Newmar Corp, a Nappanee-based manufacturer of transportation equipment, for a total of $343.540. The consideration consist of $270 million in cash and the issuance of 2 million Winnebago common shares, valued at $343.54 million. The shares were valued based on Winnebagos closing stock price of $36. 77 on 13 September 2019, the last full trading day prior to the announcement.
Weyerhaeuser Co-Michigan timberlands Lyme Great Lakes Holding LLC 300.0 Lyme Great Lakes Holding LLC, a unit of Lyme Timber Co LP, agreed to acquire Michigan timberlands of Weyerhaeuser Co, a Seattle-based timber tract operator, for a total $300 mil.
DECALORA-Wastewater asset Aqua Pennsylvania Inc 276.5 Aqua Pennsylvania Inc, a unit of Aqua America Inc, agreed to acquire wastewater asset of DECALORA, a Chester-based city agency, the US state-owned Delaware Co Reg Wtr Qlty CtlAu, ultimately owned by the US state-owned United States of America, for $276.5 mil.
ASP Grede Acquisitionco LLC Grede AcquisitionCo Inc 245.0 Grede AcquisitionCo Inc, a unit of Gamut Capital Management LP, planned to acquire ASP Grede Acquisitionco LLC, iron foundry operator, from American Axle & ManufacturingHoldings Inc, owned by Blackstone Group LP, for an estimated $245 mil.
CCDC OpCo Holding Corp Grupo Nutresa SA 113.0 Grupo Nutresa SA of Colombia, a unit of Grupo Empresarial Antioqueno, acquired CCDC OpCo Holding Corp, a Minneapolis-based investment advisor, for a total $113 mil.
Avangrid Renewables LLC-Dry Lake II Wind Farm Axium Infrastructure Inc 112.0 Axium Infrastructure Inc (Axium) of Canada agreed to acquire a 50% ownership interest in the Dry Lake II Wind Farm of Avangrid Renewables LLC (ARL), a Portland-based electric power distributor, owned by Avangrid Inc. Concurrently, Axium agreed to acquire a 50% ownership interest in the Copper Crossing Solar Project of ARL. The two transactions were to have a combined value of $112 mil.
North Star Financial Holdings Inc Keweenaw Financial Corp 42.0 Keweenaw Financial Corp definitively agreed to acquire North Star Financial Holdings Inc, a Bloomfield Hills-based commercial bank, for a total $42 mil.
Tennessee Community Bank Holdings Inc Reliant Bancorp Inc 38.0 Reliant Bancorp Inc (Reliant) definitively agreed to merge with Tennessee Community Bank Holdings Inc (TCB), an Ashland City-based bank holding company, in a stock swap transaction valued at $37.959 million. Reliant offered $17.13 in cash per share and 0.769 Reliant common share per TCB share. Based on Reliant's closing stock price of $24.51 on 13 September 2019, the last full trading day prior to the announcement, each TCB share was valued at $35.978.
VitreosHealth Inc HMS Holdings Corp 36.5 HMS Holdings Corp acquired VitreosHealth Inc, a Plano-based provider of predictive and prescriptive health insights, for a total $36.5 mil.
Cornerstone Financial Services Group Inc Summit Financial Group Inc, Moorefield,West Virginia 28.5 Summit Financial Group Inc (Summit) ,Moorefield,West Virginia agreed to merge with Cornerstone Financial Services Group Inc (Cornerstone), an Ottumwa-based provider of depository credit intermediation services, for an estimated $28.5 million. Summit offered a choice of $28.5 million in cash or $28.5 million common shares, subject to proration whereby 50% of the total consideration was to be paid in common shares and the remaining 50% in cash
Panther Residential Management Llc-Fern Parc Apartment Homes Wicker Park Capital Management LLC 27.5 Wicker Park Capital Management LLC acquired Fern Parc apartment homes of Panther Residential Management LLC, a Woburn-based financial sponsor, for a total $27.45 mil.
Riverview Apartments Firm Capital American Realty Partners Corp 20.3 Firm Capital American Realty Partners Corp of Canada planned to acquire a 50% interest in Riverview Apartments, an Atlanta-based lessor of residential buildings and dwellings, for a total $20.3 million. The consideration was to consist of $14 million in cash, $3. 15 common shares, and $3. 15 preferred shares.
MediaJel Inc SITO Mobile Ltd 17.4 SITO Mobile Ltd agreed to acquire the entire share capital of MediaJel Inc, a Walnut Creek-based software publisher, in exchange for 20 million SITO common shares valued at $17.4 million. The shares were valued based on SITO's closing stock price of $0. 87 on 13 September 2019, the last full trading day prior to the announcement.
Azunia Tequila Eastside Distilling Inc 14.7 Eastside Distilling Inc acquired Azunia Tequila, a Glendora-based alcoholic beverages merchant wholesaler, from Intersect Beverage LLC, for a total $14.7 mil.
Ja Bar Silicone Corp Nolato AB 9.9 Nolato AB of Sweden agreed to acquire Ja Bar Silicone Corp, an Andover-based manufacturer of plastics materials, for a total $9.888 mil.
Southlake Medical Supplies Inc ConvaTec Group PLC 5.0 ConvaTec Group PLC of the UK agreed to acquire Southlake Medical Supplies Inc, a Southlake-based manufacturer of medical instruments, for a total $5 mil.
1Strategy LLC TEKsystems Global Services LLC 3.7 TEKsystems Global Services LLC planned to acquire a 70% interest in 1Strategy LLC, software publisher, from Beyondsoft Consulting Inc, ultimately owned by Beyondsoft Corp, for a total $3.661 mil.
Holland Marble Co Inc All Commercial Floors Inc All Commercial Floors Inc acquired Holland Marble Co Inc, a Carrollton-based manufacturer of stone products.
Alton E. Woodford Insurance Agency Inc AssuredPartners Inc AssuredPartners Inc, a unit of Apax Partners LP, acquired Alton E. Woodford Insurance Agency Inc, a West Hartford-based insurance agency. Terms were not disclosed.
Avangrid Renewables LLC-Copper Crossing Solar Project Axium Infrastructure Inc Axium Infrastructure Inc (Axium) of Canada agreed to acquire a 50% ownership interest in the Copper Crossing Solar Project of Avangrid Renewables LLC (ARL), a Portland-based electric power distributor, owned by Avangrid Inc. Concurrently, Axium agreed to acquire a 50% ownership interest in the Dry Lake II Wind Farm of ARL. The two transactions were to have a combined value of $112 mil.
Great Wolf Resorts Inc Blackstone Group Inc Blackstone Group Inc was rumored to be planning to acquire the entire share capital of Great Wolf Resorts Inc, a Madison-based hotel operator, from K-9 Acquisition Inc, owned by K-9 Holdings Inc, 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 $2.9 bil.
SeaTech Burnham Benefits Insurance Services, Inc Burnham Benefits Insurance Services, Inc acquired SeaTech, a Lawndale-based insurance agency.
Postal Employees Of Troy New York Federal Credit Union CAP COM Federal Credit Union CAP COM Federal Credit Union agreed to acquire the entire share capital of Postal Employees Of Troy New York Federal Credit Union, a Troy-based credit union.
Natera Inc-Evercord Business CBR Systems Inc CBR Systems Inc, a unit of GI Partners LLP, acquired evercord business of Natera Inc, a San Carlos-based diagnostic imaging center operator.
Alaska National Corp Copperpoint Mutual Insurance Co Copperpoint Mutual Insurance Co agreed to acquire Alaska National Corp, an Anchorage-based insurance agency.
Onyx Physical Commodities Trading Group Exxe Group Inc Exxe Group Inc acquired an undisclosed majority interest in Onyx Physical Commodities Trading Group, commodity contracts dealer, in a leveraged buyout transaction.
Rivers Innovations Inc Gage Cannabis Co Gage Cannabis Co planned to acquire Rivers Innovations Inc, intermediator.
Avalanche Cloud Corp HID Global Corp HID Global Corp, a unit of ASSA ABLOY AB, acquired Avalanche Cloud Corp, a Salt Lake City-based provider of security systems services.
Washington Financial Group LLP Hub International Ltd Hub International Ltd, a unit of Hellman & Friedman LLC, acquired Washington Financial Group LLP, a Mclean-based provider of administrative management and general management consulting services. Terms were not disclosed.
Hunter Douglas NV-Metal Trading Unit Investor Group A management-led investor group planned to acquire metal trading unit of Hunter Douglas NV, a Rotterdam-based manufacturer of blinds and shades, in a leveraged buyout transaction. Terms were not disclosed.
Hunter Douglas Metals LLC Investor Group A management-led investor group acquired Hunter Douglas Metals LLC, a Homewood-based manufacturer of blinds and shades, from Hunter Douglas NV, in a leveraged buyout transaction. Terms were not disclosed.
Chartwell Compliance MVB Bank Inc MVB Bank Inc, a unit of MVB Financial Corp, acquired Chartwell Compliance, a Bethesda-based government regulation establishment.
Villas at Kennedy Creek Apartments,Tumwater,Washington Security Properties Inc Security Properties Inc acquired Villas at Kennedy Creek Apartments, a Tumwater-based lessor of residential buildings and dwellings.
Chinos Holdings Inc-J Crew Business Shareholders Chinos Holdings Inc planned to spin off its J Crew business to its shareholders.
Standard Gravel Co LLC Stonepoint Materials LLC Stonepoint Materials LLC acquired Standard Gravel Co LLC, a Franklinton-based brick, stone and related construction material merchant wholesaler.
Provenance Consulting LLC-Assets Trinity Consultants Inc Trinity Consultants Inc, a unit of Levine Leichtman Capital Partners Inc, acquired assets of Provenance Consulting LLC, a Borger-based provider of management consulting services.
Egg Health Hub Inc TurnKey Capital Inc TurnKey Capital Inc planned to acquire Egg Health Hub Inc, a Fort Lauderdale-based software publisher, from Healthspan Medical Systems Inc.
Eco Chemical Inc UC Coatings Corp UC Coatings Corp, a unit of High Road Capital Partners LLC, acquired Eco Chemical Inc, a Seattle-based manufacturer of water-based stains and coatings.
US M&A Deals Announced September 13 to 19, 2019
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