Weekly wrap: Houlihan Lokey, Movista, Platinum

Retailsoftware

Target Acquirer Value ($millions) Synopsis
Department of Transportation Gen Svcs Admin(Us) 760.0 The US state-owned General Services Administration(United States), a unit of the US state-owned United States of America, planned to acquire Department of Transportation, provider of transportation services, from JBG Federal Center LLC, for a total USD 760 mil.
JIT Manufacturing Inc CRC Acquisition Co LLC CRC Acquisition Co LLC of Canada, a unit of Stamford Industrial Group Inc, acquired JIT Manufacturing Inc, a Graham-based provider of commercial flexographic printing services, from Illinois Tool Works Inc.
M5 Midstream LLC DTE Midstream LLC DTE Midstream LLC, a unit of DTE Energy Co (DTE), agreed to acquire M5 Midstream LLC (M5), a Houston-based midstream asset company, from Momentum Midstream LLC and Indigo Natural Resources LLC. Originally, in October 2019, DTE was rumored to be planning to acquire M5.
Spartech LLC Nautic Partners LLC Nautic Partners LLC acquired Spartech LLC, a St. Louis-based manufacturer of plastics materials, from Arsenal Capital Partners LP, in a leveraged buyout transaction.
Palm Beach Polo Golf-Golf Wellington Equine Estates Llc 16.0 Wellington Equine Estates LLC acquired golf course & facilities of Palm Beach Polo Golf & Country Club, a Wellington-based fitness and recreational sports center operator, for a total USD 16 mil.
Lpga Intl Fore Golf Partners Llc 3.5 Fore Golf Partners LLC acquired LPGA International, a Daytona Beach-based golf course and country club operator, from Consolidated- Tomoka Land Co, for a total USD 3.45 mil.
Eye Care Assoc Of Greater CEI Vision Partners LLC CEI Vision Partners LLC, jointly owned by Cincinnati Eye Institute Inc and Revelstoke Capital Partners LLC, acquired Eye Care Associates Of Greater Cincinnati Inc, a Cincinnati-based physician's office operator.
Integral Finl Solutions Llc Sand Hill Advisors Inc Sand Hill Advisors Inc planned to acquire Integral Financial Solutions LLC, a San Francisco-based investment advisor.
TradeWinds Island Resorts 1754 Properties LLC 1754 Properties LLC acquired TradeWinds Island Resorts, a Saint Petersburg-based hotel operator, from Fortune Hotels Inc.
VoIP Innovations LLC Sangoma Technologies Corp 42.0 Sangoma Technologies Corp of Canada acquired VoIP Innovations LLC, a Pittsburgh-based provider of telecommunications services, for a total USD 42 mil. The consideration consisted of USD 30 mil in cash, USD 6 mil in common shares and up to USD 6 mil in profit-related payments.
Calwest Bancorp Bank of Sthrn CA,San Diego,CA 32.0 Bank of Southern California NA,San Diego, California, a unit of Americas United Bank, planned to acquire the entire share capital of Calwest Bancorp, an Irvine-based commercial bank, for a total USD 32 mil.
DentalOne Partners Inc Mid-Atlantic Topco LLC Mid-Atlantic Topco LLC, a unit of SC Goldman Co LLC, acquired DentalOne Partners Inc, a Plano-based dental support organization, from Dental Investments LLC for an undisclosed amount in cash.
Innophos Holdings Inc Iris Parent Llc 630.1 Iris Parent LLC agreed to acquire the entire share capital of Innophos Holdings Inc, a Cranbury-based manufacturer and wholesaler of specialty phosphates, from Bain Capital LP, for a total USD 630.116 mil in cash. Upon completion, Innophos Holdings Inc shares were to be delisted from Nasdaq.
Natural Insight Movista Inc Movista Inc acquired Natural Insight, a Sterling-based software publisher.
ownerIQ Inc Inmar Inc Inmar Inc, a unit of OMERS Private Equity Inc, acquired ownerIQ Inc, a Boston-based developer of digital marketing platform.
AutoGuide LLC Teradyne Inc 165.0 Teradyne Inc definitively agreed to acquire AutoGuide LLC, a Chelmsford-based manufacturer of machinery, for an estimated USD 165 mil. The consideration was to consist of USD 58 mil in cash and USD 107 mil in profit-related payments.
Groot Hospitality LLC Live Nation Entertainment Inc Live Nation Entertainment Inc acquired a 51% interest in Groot Hospitality LLC, a Miami Beach-based entertainment and hospitality company.
Continental Broadband AMP Capital Investors Ltd AMP Capital Investors Ltd of Australia, a unit of AMP Asset Management Australia Ltd, agreed to acquire Continental Broadband Pennsylvania LLC, a Pittsburgh-based provider of data processing and hosting services, from Landmark Media Enterprises LLC.
England Miniature Ball Corp Spring Rock Capital Llc Spring Rock Capital LLC acquired England Miniature Ball Corp, a Norfolk-based manufacturer of bearings, in a leveraged buyout transaction.
RTK IO Inc The Rubicon Project Inc 11.0 The Rubicon Project Inc acquired RTK IO Inc, a New York City-based software publisher, for a total USD 11 mil.
CoorsTek Inc-Cert Gaiser SPT Roth Ltd SPT Roth Ltd of Switzerland agreed to acquire certain Gaiser facility assets of CoorsTek Inc, a Golden-based manufacturer of electronic components.
Atrium Apartmentsel Monteca Bascom Group LLC 9.7 Bascom Group LLC acquired Atrium Apartmentsel Monteca, an El Monte-based lessor of nonresidential buildings, for a total USD 9. 7 mil, in a leveraged buyout transaction.
Danaher Corp-Cert Life Sartorius AG 750.0 Sartorius AG of Germany agreed to acquire certain life science platform businesses of Danaher Corp, a Washington-based manufacturer of measuring, displaying and controlling variables instruments and related products, for an estimated USD 750 mil in cash. The transaction was contingent upon the completion of the acquisition of the biopharma business of GE Healthcare Life Sciences.
Moores Mill Village,Atlanta,GA MSC Investment & Management 19.4 MSC Investment & Management LLC acquired Moores Mill Village, an Atlanta-based garden apartment community, from Castlegate Property Group LLC, for a total USD 19.436 mil.
Nye Lubricants Inc Fuchs Petrolub SE Fuchs Petrolub SE of Germany agreed to acquire Nye Lubricants Inc, a Fairhaven-based petroleum and petroleum products merchant wholesaler.
Delta Svcs Llc State Group Industrial USA Ltd The State Group Industrial (USA) Ltd, a unit of Blue Wolf Capital Fund IV LP, acquired Delta Services LLC, a Louisville-based electrical contractor.
Maxback.Com Clover Wireless LLC Clover Wireless LLC acquired Maxback.Com, an Erie-based provider of consumer electronics repair and maintenance services.
Precision Research Institute China Infrastructure Constr Co China Infrastructure Construction Corp of China planned to acquire Precision Research Institute LLC, a San Diego-based provider of research and development services.
Passport Foods (Svc) Llc-Asts Skyview Capital LLC Skyview Capital LLC acquired Svc assets of Passport Foods Llc, an Ontario-based manufacturer of foods. Terms were not disclosed.
Plasma-Tec Inc Avon Machining Llc Avon Machining, LLC, a unit of Speyside Equity Fund I LP, acquired Plasma-Tec Inc, a Moline-based machine shop operator.
Steuben Trust Corp Community Bank System Inc 114.1 Community Bank System Inc (CBS) definitively agreed to acquire the entire share capital of Steuben Trust Corp (STC), a Hornell-based commercial bank, in a stock swap transaction valued at USD 114.12 mil. CBS offered USD 12.6 in cash and 0.8054 CBS share per STC share. Based on CBS' closing stock price of USD 63.86 on 18 October 2019, the last full trading day prior to the announcement, each STC share was valued at USD 64.033.
PB Bancorp Inc Centreville Bank,Rhode Island 115.5 Centreville Bank definitively agreed to merge PB Bancorp Inc, a Putnam-based bank holding company, for USD 15.25 in cash per share, or a total value of USD 113.57 mil.
Cision Ltd Platinum Equity LLC 1483.8 Platinum Equity LLC definitively agreed to acquire the entire share capital of Cision Ltd, a Chicago-based developer of public relations and social media management software, for USD 10 in cash per share, or a total value of USD 1.484 bil, in a leveraged buyout transaction. Originally, in March 2019, Cision Ltd was rumored to be seeking a buyer for its entire share capital.
Carey Watermark Investors Inc Carey Watermark Investors 2 2670.3 Carey Watermark Investors 2 Inc (CWI 2) definitively agreed to merge with Carey Watermark Investors Inc (CWI 1), a New York City-based lessor of real estate property for USD 2.670 bil, in a stock swap reverse takeover transaction. Upon completion, CWI 1 and CWI 2 were to own 58% and 42% in the merged entity named Watermark Lodging Trust, respectively.
DataXu Inc Roku Inc 150.0 Roku Inc agreed to acquire DataXu Inc (DataXu), a Boston-based software publisher, for USD 150 mil in cash and class A common shares. Originally, in October 2018, DataXu was rumored to be seeking a buyer for the company.
Global Employment Solutions ettain group Inc ettain group Inc, a unit of A&M Capital LLC, acquired Global Employment Solutions Inc, a Littleton-based provider of human resources and executive search consulting services, from TZP Capital Partners II LP, owned by TZP Group LLC. Concurrently, ettain group Inc acquired Leidos Healthcare LLC.
We Co Softbank Group Corp 2743.2 Softbank Group Corp of Japan (Softbank Group) agreed to raise its interest to 80%, by acquiring an undisclosed majority interest in We Co (We Co), a New York City-based real estate agency for USD 2.743 bil, via tender offer. Originally, in September 2019, Softbank Group was rumored to be planning to acquire an undisclosed majority stake in We Co.
Kellermeyer Bergensons Svcs Cerberus Capital Management LP Cerberus Capital Management LP definitively agreed to acquire Kellermeyer Bergensons Services LLC (Kellermeyer Bergensons Services), an Oceanside-based provider of janitorial services, from GI Partners LLP (GI Partners), in a secondary buyout transaction. Terms of the transaction were not disclosed. Originally, GI Partners acquired Kellermeyer Bergensons Services.
Opex Analytics LLC LLamasoft Inc LLamasoft Inc acquired Opex Analytics LLC, a Chicago-based software publisher.
Regency Centers-Bluffs Square The Sterling Organization LLC 25.8 The Sterling Organization LLC acquired Bluffs Square Shoppes of Regency Centers Corp, a Jacksonville-based lessor of real estate property, for a total USD 25.775 mil, in a leveraged buyout transaction.
Hughson Nut Inc Olam International Ltd 54.0 Olam International Ltd of Singapore, a unit of the Singaporean state-owned Temasek International Pte Ltd, agreed to acquire the entire share capital of Hughson Nut Inc, a Hughson-based manufacturer of roasted nuts and peanut butter, from APB Partners LLC, for a total USD 54 mil.
Cosmetic Solutions LLC Lee Equity Partners LLC Lee Equity Partners LLC acquired Cosmetic Solutions LLC, a Boca Raton-based cosmetics retailer, in a leveraged buyout transaction.
Meredith Corp-Money Brand Ad Practitioners LLC Ad Practitioners LLC of Puerto Rico acquired Money brand of Meredith Corp, a Des Moines-based periodical publisher.
Hpc Heck & Partner Consulting Utegration LLC Utegration LLC planned to acquire Hpc Heck & Partner Consulting Inc, a San Ramon-based provider of data processing and hosting services.
Your Ins Grp Llc Integrity Marketing Group LLC Integrity Marketing Group LLC, a unit of HGGC LLC, acquired Your Insurance Group LLC, a Melbourne-based insurance agency.
Scanlan & Leo Ltd Sikich LLP Sikich LLP agreed to acquire Scanlan & Leo Ltd, an Oak Brook-based certified public accountant's office.
Cloud5 Commun Inc Oaktree Capital Management LP Oaktree Capital Management LP, a unit of Oaktree Capital Group LLC, acquired an undisclosed majority interest in Cloud5 Communications Inc, a Chicago-based software publisher, in a leveraged buyout transaction.
Leidos Healthcare LLC ettain group Inc ettain group Inc, a unit of A&M Capital LLC, acquired Leidos Healthcare LLC, a Westfield-based provider of computer facilities management services, from Leidos Holdings Inc. Concurrently, ettain group Inc acquired Global Employment Solutions Inc.
ettain group Inc A&M Capital LLC A&M Capital LLC, a unit of Alvarez & Marsal Holdings LLC, acquired an undisclosed majority interest in ettain group Inc, a Charlotte-based provider of human resources and executive search consulting services, from New MainStream Capital, in a leveraged buyout transaction.
Onshape Inc PTC Inc 470.0 PTC Inc definitively agreed to acquire Onshape Inc, a Cambridge-based provider of computer systems design services, for a total USD 470 mil.
First Advantage Bancorp Reliant Bancorp Inc 123.4 Reliant Bancorp Inc definitively agreed to acquire the entire share capital of First Advantage Bancorp, a Clarksville-based commercial bank, for an estimated USD 123.4 mil in cash and stock.
Freeman & Co Houlihan Lokey Inc Houlihan Lokey Inc agreed to acquire Freeman & Co, a New York-based investment advisor.
1000 S Broadway Bascom Northwest Ventures LLC 90.5 Bascom Northwest Ventures LLC acquired 1000 South Broadway Apartmentsdenvercolorado, a Denver-based lessor of residential buildings and dwellings, for a total USD 90. 5 mil.
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