Weekly wrap: Just Eat Takeaway, Nestle, Orion Systems

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Target Acquirer Value ($millions) Synopsis
Grubhub Inc Just Eat Takeaway.Com NV 7,326.2 Just Eat Takeaway.Com NV (Just Eat) of Netherlands, definitively agreed to merge with Grubhub Inc (Grubhub), a Chicago-based provider of online food delivery services, in a stock swap transaction valued at $7.326 billion. Just Eat offered 0.671 share per Grubhub common share. Based on Just Eats' closing stock price of $111.812 on 9 June 2020, the last full trading day prior to the announcement, each Grubhhub share was valued at $75. 026. Originally, in June 2020, Just Eat was rumored to be planning to merge with Grubhub.
Corvidia Therapeutics Inc Novo Nordisk A/S 2,100.0 Novo Nordisk A/S of Denmark, a unit of Novo Holdings A/S, ultimately- owned by Novo Nordisk Foundation definitively agreed to acquire the entire share capital of Corvidia Therapeutics Inc, a Waltham-based clinical stage biotechnology company, from Sofinnova Partners SAS, Apple Tree Partners LP, Cormorant Asset Management LLC, HBM Healthcare Investments AG, Fresenius Medical Care AG & Co KGaA, Andera Partners SAS, a unit of Montalivet Fragrance SASU and other shareholders, for an estimated $2.1 billion. The consideration was to consist of an estimated $725 million in cash and up to $1.375 billion in profit-related payments.
Utz Quality Foods LLC Collier Creek Holdings 488.0 Collier Creek Holdings (Collier) definitively agreed to merge with Utz Quality Foods LLC (Utz), a Hanover-based manufacturer of snack products, for an estimated $488 million in cash. Originally, in May 2020, Collier was rumored to be planning to merge with Utz. Upon completion, Collier was to be renamed as Utz Brands Inc.
Engage Therapeutics Inc UCB SA 270.0 UCB SA of Belgium acquired Engage Therapeutics Inc, a Summit-based provider of biotechnology research and development services, for an estimated $270 million. The consideration were consisted of $125 million in cash and $145 million in profit-related payments.
Renaissance Gold Inc Evrim Resources Corp 31.6 Evrim Resources Corp (Evrim) of Canada agreed to merge with Renaissance Gold Inc (Renaissance), a Reno-based gold ore mine operator, for a total $31.559 mil, in a stock swap transaction. Evrim offered 1.2448 common shares per Renaissance share. Based on Evrim's closing stock price of $0.37 on 9 June 2020, the last full trading day prior to the announcement, each Renaissance share was valued at $0.461. Upon completion, Evrim and Renaissance shareholders were to own 50% stake and 50% interest in the merged entity, respectively.
PistolStar Inc BIO-key International Inc 2.5 BIO-key International Inc definitively agreed to acquire the entire share capital of PistolStar Inc, an Amherst-based software publisher, for a total $2. 5 million. The consideration was to consist of $1.75 million in cash, $0.25 million in escrowed deposit and $0.5 million in promissory notes.
Celularity Inc-UltraMIST Asset SANUWAVE Health Inc 1.1 SANUWAVE Health Inc, a unit of Prides Capital Partners LLC, was granted an option to acquire the UltraMIST assets of Celularity Inc (Cel), a Warren-based provider of biotechnology research and development services, for a total $1.1 million. The transaction is to include the partnership rights for Cel's wound care biologic products.
McCoy-Wisconsin branches(4) Airoldi Brothers Inc Airoldi Brothers Inc (Airoldi) acquired 4 Wisconsin branches of McCoy NationaLease Inc (McCoy), a Rockford-based provider of truck rental and leasing services, ultimately owned by McCoy Group Inc. Concurrently, Airoldi acquired a Minneapolis branch of McCoy.
McCoy-Minneapolis branch Airoldi Brothers Inc Airoldi Brothers Inc (Airoldi) acquired a Minneapolis branch of McCoy NationaLease Inc (McCoy), a Rockford-based provider of truck rental and leasing services, ultimately owned by McCoy Group Inc. Concurrently, Airoldi acquired 4 Wisonsin branches of McCoy.
Industrial Seed Innovations-Co Arcadia Biosciences Inc Arcadia Biosciences Inc planned to acquire the commercial & genetic assets of Industrial Seed Innovations LLC, oilseed and grain combination farming establishment. Terms were not disclosed.
Johnson Bk-Cert Arizona Op Arizona Bank & Trust,Mesa,AZ Arizona Bank & Trust, a unit of Heartland Financial USA Inc, agreet to acquire certain Arizona operation assets of Johnson Bank, a Racine-based commercial bank, ultimately owned by Johnson Financial Group Inc.
CRES Insurance Services LLC Arthur J Gallagher & Co Arthur J Gallagher & Co acquired CRES Insurance Services LLC, a San Diego-based insurance agency. The terms of the transaction were not disclosed.
Liberty Billing & Consulting Aspirion Health Resources LLC Aspirion Health Resources LLC, a unit of Aquiline Capital Partners LLC, acquired the entire share capital of Liberty Billing & Consulting Services Inc, a Wayne-based provider of claims adjusting services.
Gilead Sciences Inc AstraZeneca PLC AstraZeneca PLC of the UK was rumored to be planning to merge with Gilead Sciences Inc, a Foster City-based manufacturer of biological products.
Bobcat of Atlanta Berry Cos Inc Berry Cos Inc (BCI) acquired Bobcat of Atlanta, an Atlanta-based construction and mining machinery and equipment merchant wholesaler. Concurrently, BCI acquired Bobcat of Huntsville.
Bobcat of Huntsville Berry Cos Inc Berry Cos Inc (BCI) acquired Bobcat of Huntsville, a Huntsville-based construction and mining machinery and equipment merchant wholesaler. Concurrently, BCI acquired Bobcat of Atlanta.
McCoy NationaLease-Branches,IA Brown Nationalease Inc Brown Nationalease Inc acquired 2 Iowa branches of McCoy NationaLease Inc, a Rockford-based provider of truck rental and leasing services, ultimately owned by McCoy Group Inc.
Buitoni Spa-N America Bus Brynwood Partners VIII LP Brynwood Partners VIII LP, a unit of Brynwood Partners LP, definitively agreed to acquire North America Business of Buitoni Spa, manufacturer of canned specialty foods, ultimately owned by Nestle SA, in a leveraged buyout transaction. The transaction was to incude the rights to the Buitoni brand in the U.S., Canada and the Caribbean territories, and manufatcturiing facility in Virginia. The terms of the transaction were not disclosed, but according to sources close to the transaction, the value was estimated at $115 mil.
Eon Discovery Inc BTI(Burmeister & Wain Hldgs) Buscar Co Inc agreed to merge with Eon Discovery Inc, gold ore mine operator.
UAS Laboratories LLC Chr Hansen Holding A/S Chr Hansen Holding A/S of Denmark agreed to acquire the entire share capital of UAS Laboratories LLC, a Wausau-based manufacturer of biological products, from Lakeview Equity Partners LLC.
Jason Industries Inc Creditors the bankrupt Jason Industries Inc(Jason), a Milwaukee-based manufacturer, completed a debt restructuring transaction with Creditors (CRs).CRs received common shares and secured debt in exchange for its outstanding debt. Upon completion, Upon completion, CRs were to hold an undisclosed majority interest in the restructured Jason. The book value of the existing debt that was exchanged under the terms of the offer was $384.750 mil.
Interpreting Tech Cyemptive Technologies Inc Cyemptive Technologies Inc acquired Interpreting Technology, a Burlington-based developer of software. Terms of the transaction were not disclosed.
Prosperity Computer Solutions ECi Software Solutions Inc ECi Software Solutions Inc, a unit of Apax Partners LLP, acquired Prosperity Computer Solutions LLC, a Big Sandy-based provider of computer systems design services. The financial terms of the deal were not disclosed.
Livit Media Inc-Assets eResonate Media Corp eResonate Media Corp definitively agreed to acquire assets of Livit Media Inc, a Los Angeles-based reproducer of software.
APDM Inc ERT Clinical ERT Clinical acquired APDM Inc, a Portland-based manufacturer of electronic components. The financial terms of the transaction were not disclosed.
TruePath Technologies Inc FirstLight Fiber Inc FirstLight Fiber Inc, a unit of Antin Infrastructure Partners SAS, definitively agreed to acquire TruePath Technologies Inc, a Victor-based software publisher. Terms were not disclosed.
Ferrari-Carano Vineyards & Foley Family Wines Inc Foley Family Wines Inc acquired Ferrari-Carano Vineyards & Winery LLC, a Healdsburg-based winery.
Career Technologies USA Fralock Corp Fralock Corp, a unit of Arsenal Capital Partners LP, acquired Career Technologies USA, a Chatsworth-based manufacturer of printed circuit assemblies.
NationsBuilders Ins Svcs Inc ICDC Ltd ICDC Ltd, a unit of Randall & Quilter Investment Holdings PLC, agreed to acquire the entire share capital of NationsBuilders Insurance Services Inc, an Atlanta-based direct life insurance carrier.
Hutton Hotel,Nashville,TN Investor Group An investor group, comprised of Geolo Capital Investment LLC, Flank Management LP and BentallGreenOak LLC acquired Hutton Hotel, a Nashville-based hotel operator, for an undisclosed amount of cash.
Paramt Specialty Pharmacy Kinderhook Industries LLC Kinderhook Industries LLC acquired Paramount Specialty Pharmacy, a Melville-based drug store operator, in a leveraged buyout transaction. Concurrently, Kinderhook Industries LLC acquired PharmBlue Holdings LLC.
PharmBlue Holdings LLC Kinderhook Industries LLC Kinderhook Industries LLC acquired PharmBlue Holdings LLC, a Warrendale-based drug store operator, in a leveraged buyout transaction. Concurrently, Kinderhook Industries LLC acquired Paramount Specialty Pharmacy.
PitStop Carwash Mammoth Holdings LLC Mammoth Holdings LLC, a unit of Red Dog Equity LLC, acquired PitStop Carwash, a Slidell-based car wash operator.
EastCoast Bio Inc Medix Biochemica Oy Medix Biochemica Oy of Finland (Medix Biochemica), a unit of DevCo Partners Oy, merged with EastCoast Bio Inc, a North Berwick-based manufacturer and wholesaler of antigens and antibodies, in a three-way merger. Financial terms of the acquisition were not disclosed. Concurrently, Medix Biochemica merged with Biostride Inc.
Biostride Inc Medix Biochemica Oy Medix Biochemica Oy of Finland (Medix Biochemica), a unit of DevCo Partners Oy, merged with Biostride Inc, a Redwood City-based manufacturer of antibodies, antigen and enzyme conjugates, in a three-way merger. Financial terms of the acquisition were not disclosed. Concurrently, Medix Biochemica merged with EastCoast Bio Inc.
Makani Kai Air Charters Mokulele Flight Services Inc Mokulele Flight Services Inc, a unit of Southern Airways Express, acquired Makani Kai Air Charters, a Honolulu-based passenger airline.
Vital Proteins LLC Nestle Health Science SA Nestle Health Science SA of Switzerland, a unit of Nestle SA, agreed to acquire an undisclosed majority interest in Vital Proteins LLC, an Elk Grove Village-based manufacturer of dry dairy products.
Oiltanking Joliet Omega Partners III LLC Omega Partners III LLC agreed to acquire Oiltanking Joliet Terminal, a Chicago-based petroleum bulk merchant wholesaler, from Oiltanking North America LLC, owned by Oiltanking GmbH.
BurgerFi International LLC Opes Acquisition Corp Opes Acquisition Corp signed a Letter of Intent{LoI} to merge with BurgerFi International LLC, a North Palm Beach-based limited-service restaurant operator. Terms were not disclosed.
Zodiac Interactive Orion Systems Integrators LLC Orion Systems Integrators LLC, a unit of One Equity Partners LLC, acquired Zodiac Interactive, a Hicksville-based software publisher.
Solar Pool Technologies Inc Pivot International Inc Pivot International Inc acquired Solar Pool Technologies Inc, a Tempe-based manufacturer of semiconductors and related device.
Pampelonne Precept Wine LLC Precept Wine LLC acquired Pampelonne, a Modesto-based winery.
Proof Network Ventures Inc SevenFifty Technologies Inc SevenFifty Technologies Inc acquired the remaining stake, which it did not already own, in Proof Network Ventures Inc, a Tampa-based developer of web and mobile ecommerce platforms.
Greenplay Organics LLC Specialty Surfaces Intl Incuni Specialty Surfaces International Inc acquired Greenplay Organics LLC, a Merrick-based manufacturer of noncellulosic organic fibers.
The Clements Agency LLC-Assets Sycamore Partners LLC Sycamore Partners LLC acquired assets of The Clements Agency LLC, a Tucson-based insurance agency, in a leveraged buyout transaction. Terms were not disclosed.
RetireUp LLC Tegra118 Tegra118, a unit of Motive Partners GP LLC, acquired RetireUp LLC, a Libertyville-based provider of administrative management and general management consulting services.
First Resources Corp Tenco Industries Inc Tenco Industries Inc planned to merge with First Resources Corp, an Ottumwa-based residential mental health and substance abuse facility operator.
KT's Disposal Tidewater Express Inc Tidewater Express Inc acquired KT's Disposal, a Hampton-based provider of solid waste collection services.
PattiCo Inc Worldwide Facilities LLC Worldwide Facilities LLC acquired PattiCo Inc, a Richmond-based insurance agency.
US M&A Deals Announced June 05 to 11, 2020