Weekly wrap: HPE, JPMorgan, Kelso

hp
The Hewlett-Packard Co. logo is displayed outside the company's HP Enterprise Services unit in Plano, Texas, U.S., on Wednesday, May 23, 2012. Hewlett-Packard, the world's largest PC maker, will cut 27,000 jobs, or about 8 percent of its staff. Many of the cuts will come from the ailing enterprise services group, which manages data centers and provides technology consulting. Photographer: Mike Fuentes/Bloomberg News

Target Acquirer Value ($millions) Synopsis
Peloton Therapeutics Inc Merck & Co Inc 2200.0 Merck & Co Inc definitively agreed to acquire the entire share capital of Peloton Therapeutics Inc, a Dallas- based manufacturer of biological products, for an estimated $2.2 billion. The consideration was to consist of an estimated $1.05 billion cash and up to $1.15 billion in profit-related payments.
Cray Inc Hewlett Packard Enterprise Co 1464.4 Hewlett Packard Enterprise Co definitively agreed to merge with Cray Inc, a Seattle-based manufacturer and wholesaler of computer systems and supercomputers, for $35 in cash per share, or a total value of $1.464 bil.
CIRCOR International Inc Crane Co 895.4 Crane Co planned to acquire the entire share capital of CIRCOR International Inc, a Burlington-based manufacturer of industrial valves, for $45 in cash per share, or a total value of $895.417 mil, via an unsolicited offer.
EchoStar Satellite Services LLC-BSS Business DISH Network Corp 810.4 DISH Network Corp (Dish) definitively agreed to acquire the BSS business of EchoStar Satellite Services LLC, an Englewood-based wired telecommunications carrier, ultimately owned by EchoStar Corp, in exchange for 22.937 million common shares valued at $810.371 million. The shares were valued based on Dish's closing stock price of $35. 33 on 17 May 2019, the last full trading day prior to the announcement.
Avera Semiconductor LLC Marvell Technology Group Ltd 740.0 Marvell Technology Group Ltd of Bermuda definitively agreed to acquire Avera Semiconductor LLC, manufacturer of semiconductors and related device, from Globalfoundries Inc, owned by Advanced Technology Investment Co LLC, for a total $740 million. The consideration was to consist of $650 million in cash plus up to $90 million in profit- related payments.
Global Restoration Holdings LLC FirstService Corp 505.0 FirstService Corp of Canada definitively agreed to acquire a 95% interest in Global Restoration Holdings LLC, a Denver-based residential property manager, from Delos Capital LLC, for $505 mil.
LDiscovery LLC Pivotal Acquisition Corp 392.2 Pivotal Acquisition Corp definitively agreed to merge with LDiscovery LLC, a McLean- based software publisher, from The Carlyle Group LP, for a total $392.2 mil, in a stock swap reverse takeover transaction. The consideration was to consist of 34.8 million common shares valued at $368.88 million and up to $23.32 million in profit- related payments. The shares were valued at closing stock price of $10.6 on 16 May 2019, the last full trading day prior to the announcement.
Cancer Treatment Services International Inc Varian Medical Systems Inc 283.0 Varian Medical Systems Inc definitively agreed to acquire Cancer Treatment Services International Inc, a Pittsburgh-based specialty hospital operator, for $283 mil.
Florida Office Portfolio Starwood Real Estate Income Trust Inc 231.0 Starwood Real Estate Income Trust Inc acquired Florida Office Portfolio, lessor of nonresidential buildings, for an estimated $231 mil.
Alion Science & Technology Corp-Naval Systems Business Unit Serco Inc 225.0 Serco Inc, a unit of Serco Group PLC, definitively agreed to acquire Naval Systems Business Unit of Alion Science & Technology Corp, a Mclean-based provider of engineering services, ultimately owned by Veritas Capital Partners LP, for a total $225 mil.
Corenso Holdings America Inc Sonoco Products Co 110.0 Sonoco Products Co definitively agreed to acquire Corenso Holdings America Inc, manufacturer of uncoated recycled paperboard, from Madison Dearborn Partners LLC, for an estimated $110 million in cash.
Putnam Associates LLC UDG Healthcare PLC 88.6 UDG Healthcare PLC of Republic of Ireland acquired Putnam Associates LLC, a Boston-based provider of administrative management and general management consulting services, for a total $88. 6 mil.
Pioneer Railcorp BRX Transportation Holdings LLC 72.4 BRX Transportation Holdings LLC, jointly owned by Brookhaven Rail Partners LLC and Related Infrastructure LLC, definitively agreed to merge with Pioneer Railcorp, a Peoria-based owner and operator of short line railroads, for $18.81 in cash per share, or a total value of $72.426 mil.
Criteria Corp Sumeru Equity Partners Inc 56.0 Sumeru Equity Partners Inc acquired an undisclosed majority interest in Criteria Corp, a Los Angeles-based software publisher, for a total $56 mil, in a leveraged buyout transaction.
623-Unit Multifamily Portfolio,Atlanta,Georgia Frankforter Group Inc 39.5 Frankforter Group Inc of Canada acquired 623-Unit Multifamily Portfolio, an Atlanta-based lessor of residential buildings and dwellings, for a total $39. 5 mil.
Biomedical Research Mdels Inc Joinn Laboratories(China)Co Ltd 27.3 Joinn Laboratories(China) Co Ltd of China planned to acquire the entire share capital of Biomedical Research Mdels Inc, a Worcester-based provider of ambulatory health care services, for a total $27. 28 million in cash.
Charter Bank,Biloxi,Mississippi Citizens Holding Co 20.0 Citizens Holding Co definitively agreed to merge with Charter Bank, a Biloxi- based commercial bank, for a total $20.034 mil, in a stock swap transaction. The consideration was to consist of $6.11 million in cash and the issuance of .666 million in Citizens common shares valued at $13.924 million. The shares were valued based on Citizens closing stock price of $20. 9 on 16 May 2019, the last full trading day prior to the announcement.
DF Holdings Group LLC Omni Commerce Corp 18.0 Omni Commerce Corp of Canada agreed to acquire the entire share capital of DF Holdings Group LLC, a Los Angeles-based manufacturer of medicinals and botanicals, for a total $18 mil, in a stock swap transaction.
Lyfted Farms Inc Transcanna Holdings Inc 15.2 Transcanna Holdings Inc of Canada signed a Letter of Intent {LoI} to acquire Lyfted Farms Inc, a Modesto- based manufacturer of indoor grown cannabis, for a total $15.15 million. The consideration was to consist of $5.5 million in cash, the issuance of 1 million common shares valued at $6.9 mil, and $2.75 in notes. The shares were valued based on Transcanna's closing stock price of $6.9 on 16 May 2019, the last full trading day prior to the announcement.
Brighton Manor,Michigan National Health Investors Inc 13.5 National Health Investors Inc acquired Brighton Manor, a Brighton- based continuing care retirement community, from Comfort Care Senior Living LLC, for a total $13.5 mil.
Broadsmart Global Inc Ooma Inc 7.4 Ooma Inc definitively agreed to acquire Broadsmart Global Inc, a West Palm Beach- based internet service provider, from Magicjack Vocaltec Ltd, ultimately owned by B Riley Financial Inc, for a total $7.4 million in cash.
Water Pilot LLC Taronis Technologies Inc 1.3 Taronis Technologies Inc signed a Letter of Intent {LoI} to acquire an undisclosed majority interest in Water Pilot LLC, an Aventura-based manufacturer of measuring, displaying and controlling variables instruments and related products, for a total $1. 275 million. The consideration was to consist of $1.275 million in cash and undisclosed profit-related payments.
Mortgage World Bankers Inc PDL Community Bancorp 1.2 PDL Community Bancorp definitively agreed to acquire the entire share capital of Mortgage World Bankers Inc, an Astoria-based mortgage bank, for an estimated $1.16 mil.
TimelinePI Inc ABBYY Solutions Ltd ABBYY Solutions Ltd of Russia agreed to acquire TimelinePI Inc, a Springfield -based developer of process intelligence platform.
Community Health Systems Inc-Florida hospitals(2) Adventist Health System Sunbelt Healthcare Corp Adventist Health System Sunbelt Healthcare Corp definitely agreed to acquire 2 Florida hospitals of Community Health Systems Inc, a Franklin-based hospital operator.
Education by Design LLC Always Be Learning Inc Always Be Learning Inc acquired Education by Design LLC, a Waltham-based developer of smart analytics software.
Robert Bosch Battery Systems LLC-Battery Systems Manufacturing & Testing Assets American Battery Solutions Inc American Battery Solutions Inc agreed to acquire the battery systems manufacturing & testing assets of Robert Bosch Battery Systems LLC, an East Lansing-based manufacturer of storage batteries, owned by Robert Bosch GmbH. Terms were not disclosed.
Aegerion Pharmaceuticals Inc Amryt Pharma PLC Amryt Pharma PLC of the UK agreed to acquire the entire share capital of the bankrupt Aegerion Pharmaceuticals Inc, a Cambridge-based biopharmaceutical company, from Novelion Therapeutics Inc.
Lodestar Investment Counsel Inc Bartlett & Co Bartlett & Co, a unit of Legg Mason Inc, definitively agreed to acquire Lodestar Investment Counsel Inc, a Chicago-based investment advisor, from PrivateBancorp Inc, ultimately owned by Canadian Imperial Bank ofCommerce,Toronto,Ontario.
Castelle Furniture Brown Jordan International Inc Brown Jordan International Inc, a unit of Littlejohn & Co LLC, acquired Castelle Furniture, a Fort Lauderdale-based manufacturer of aluminum outdoor furniture. Terms were not disclosed.
Freedom Boat Club LLC Brunswick Corp Brunswick Corp acquired Freedom Boat Club LLC, a Venice-based sports club.
Starz Entertainment LLC CBS Corp CBS Corp was rumored to be planning to acquire Starz Entertainment LLC, an Englewood-based wired telecommunications carrier, from Lions Gate Entertainment Corp. The terms of the transaction were not disclosed, but according to sources close to the transaction, the value was estimated at $5 bil.
Superb Internet Corp CherryRoad Technologies Inc CherryRoad Technologies Inc acquired Superb Internet Corp, a Honolulu-based internet service provider.
Serenity Sliding Door Systems Continental Materials Corp Continental Materials Corp (CMC) acquired Serenity Sliding Door Systems, a Colorado Springs-based millwork merchant wholesaler. Terms were not disclosed. Concurrently, CMC acquired Fastrac Building Supply.
Fastrac Building Supply Continental Materials Corp Continental Materials Corp (CMC) acquired Fastrac Building Supply, a Colorado Springs-based millwork merchant wholesaler. Terms were not disclosed. Concurrently, CMC acquired Serenity Sliding Door Systems.
Principium Strategies LLC Corsearch Inc Corsearch Inc, a unit of Audax Group LP, acquired Principium Strategies LLC, a New York City-based internet service provider, from Ladas & Parry LLP.
First Colorado National Bank-Small Business Lending Division First Internet Bank First Internet Bank, a unit of First Internet Bancorp, agreed to acquire small business lending division of First Colorado National Bank, a Delta-based commercial bank. Terms were not disclosed.
Advantage Bank,Loveland, Colorado First National BanK, South Dakota First National BanK, South Dakota acquired Advantage Bank, a Loveland- based commercial bank.
Ozwald & Speaker Insurance- Personal Lines Division Frederick H. Dimeo Insurance Agency Inc Frederick H. Dimeo Insurance Agency Inc acquired personal lines division of Ozwald & Speaker Insurance, an Oakland-based insurance agency.
Natero Inc Freshworks Inc Freshworks Inc acquired Natero Inc, a Fremont-based internet portal operator.
Faultless Healthcare Linen ImageFIRST Healthcare Laundry Specialists ImageFIRST Healthcare Laundry Specialists, a unit of Calera Capital Management Inc, acquired an undisclosed majority interest in Faultless Healthcare Linen, a Kansas City-based linen supplier. Terms were not disclosed.
Osborn Triangle Investor Group An investor group, led by Harrison Street Real Estate Capital LLC and The Bulfinch Cos Inc acquired an undisclosed majority interest in Osborn Triangle, a Cambridge-based owner and operator of office buildings, from Massachusetts Institute Of Technology. The terms of the transaction were not disclosed, but according to sources close to the transaction, the value was estimated at $1 bil.
InstaMed Communications LLC JPMorgan Chase & Co JPMorgan Chase & Co planned to acquire InstaMed Communications LLC (InstaMed), a Philadelphia-based provider of healthcare payment platforms. Originally, in February 2019, InstaMed was rumored to be seeking a buyer for the company. The terms of the transaction were not disclosed, but according to sources close to the transaction, the value was estimated at $500 mil.
JS Held LLC Kelso & Co LP Kelso & Co LP definitively agreed to acquire JS Held LLC (JS), a Jericho-based provider of technical consulting services, from Lovell Minnick Partners LLC (Lovell), in a secondary buyout transaction. Originally, Lovell acquired JS in a primary buyout transaction.
Spaceland Presents Live Nation Entertainment Inc Live Nation Entertainment Inc acquired Spaceland Presents, a Los Angeles-based event promoter.
Accolo Business Services LLC Novotus LLC Novotus LLC, a unit of Orion ICS LLC, acquired Accolo Business Services LLC, a Lehi-based provider of human resources and executive search consulting services. Terms were not disclosed.
Genesis Attachments LLC NPK Construction Equipment Inc NPK Construction Equipment Inc, a unit of Nippon Pneumatic Manufacturing Co Ltd of Japan, acquired Genesis Attachments LLC, a Superior-based manufacturer of construction machinery, from KPS Capital Partners LP. The transaction included Genesis Holdings and Genesis GmbH in Germany.
Payment Plus Inc Nxgen International Inc Nxgen International Inc, a unit of Elavon Inc, acquired Payment Plus Inc, a Paducah-based provider of data processing and hosting services.
Editshare LLC Parkergale LLC Parkergale LLC acquired an undisclosed majority interest in Editshare LLC, a Watertown-based wireless telecommunications carrier, in a leveraged buyout transaction.
Westover Corp-Arizona Operations Pueblo Mechanical & Controls Inc Pueblo Mechanical & Controls Inc, a unit of Huron Capital Partners LLC, acquired Arizona operations of Westover Corp, a Denver- based provider of building contracting services. Terms were not disclosed.
AlphaDesk Inc Refinitiv US Holdings Inc Refinitiv US Holdings Inc of the UK definitively agreed to acquire AlphaDesk Inc, a New York City-based developer of hedge fund software for order and portfolio management.
Decurtis Corp Shamrock Capital Advisors LLC Shamrock Capital Advisors LLC acquired an undisclosed majority interest in Decurtis Corp, an Orlando- based software publisher, in a leveraged buyout transaction. Terms were not disclosed.
Indemand Interpreting Stratus Video Interpreting Inc Stratus Video Interpreting Inc acquired the entire share capital of Indemand Interpreting, a Seattle-based provider of data processing and hosting services.
Estes Warehouse Tires Inc Vulcan Tire & Auto Service Inc Vulcan Tire & Auto Service Inc acquired Estes Warehouse Tires Inc, a Hoover- based tire dealer. Terms were not disclosed.
US M&A Deals Announced May 17 to 23, 2019
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