Weekly wrap: Pfizer, BidFair, Sekisui

pfizerhq
Signage is displayed at the Pfizer Inc. Kendall Square Research and Development Center in Cambridge, Massachusetts, U.S., on Monday, Nov. 23, 2015. Pfizer Inc. and Allergan Plc agreed to combine in a record $160 billion deal, creating a drugmaking behemoth called Pfizer Plc with products from Viagra to Botox and a low-cost tax base. Photographer: Scott Eisen/Bloomberg

Target Acquirer Value ($millions) Synopsis
Array Biopharma Inc Pfizer Inc 11371.0 Pfizer Inc definitively agreed to merge with Array Biopharma Inc (Array Biopharma), a Boulder-based biopharmaceutical company, for $48 in cash per share, or a total $11.371 bil, via tender offer. The offer was conditioned upon at least majority of Array Biopharma's shares being tendered.
Sotheby's BidFair USA LLC 2656.9 BidFair USA LLC definitively agreed to merge with Sotheby's, a New York-based owner and operator of art auction houses, for $57 in cash per share, or a total value of $2.657 bil.
LegacyTexas Financial Group Inc,Plano,Texas Prosperity Bancshares Inc,Houston,Texas 2065.5 Prosperity Bancshares Inc (PB) definitively agreed to merge with LegacyTexas Financial Group Inc (LT), a Plano-based bank holding company, in a stock swap transaction valued at $2. 065 billion. PB offered $6.28 in cash per share plus 0.528 PB share per LT share. Based on PB's closing stock price of $67.24 on 14 June 2019, the last full trading day prior to the announcement, each LT share was valued at $41.783.
C&J Energy Services Inc Keane Group Inc 1000.7 Keane Group Inc (Keane) definitively agreed to merge with C&J Energy Services Inc (CJ), a Houston-based provider of support services for oil and gas operations, in a stock swap transaction valued at $1.001 bil, including the assumption of $255 million in liabilities. Keane offered 1.6149 common shares per CJ share. Based on Keane's closing stock price of $6.99 on 14 June 2019, the last full trading day prior to the announcement, each CJ share was valued at $11.288. Upon completion, Keane and CJ are each to own 50% in the combined entity. Originally, in June 2019, Keane was rumored to be planning to merge with CJ.
AIM Aerospace Inc Sekisui Chemical Co Ltd 510.0 Sekisui Chemical Co Ltd of Japan definitively agreed to acquire the entire share capital of AIM Aerospace Inc, a Renton-based manufacturer of aircraft parts and auxiliary equipment, from Liberty Hall Capital Partners LP, for an estimated $510 mil.
Viteos Fund Services LLC Intertrust NV 330.0 Intertrust NV of Netherlands acquired Viteos Fund Services LLC, a Somerset-based provider of financial transactions services, from Public Pension Capital LLC and FiveW Capital LLC, for $330 million in cash.
Eldorado Resorts Inc-Casino Real Estate Properties(3) VICI Properties Inc 278.0 VICI Properties Inc definitively agreed to acquire 3 Casino Real Estate Properties of Eldorado Resorts Inc, a Reno-based owner and operator of casino hotels, for an estimated $278 million in cash.
Mobiquity Inc Hexaware Technologies Ltd 182.0 Hexaware Technologies Ltd of India, a unit of HT Global IT Solutions Holdings Ltd, acquired Mobiquity Inc, a Waltham-based provider of digital consulting services, for an estimated $182 mil.
Skanska USA Commercial Development,Washington,DC Northwestern Investment Management Co LLC 141.0 Northwestern Investment Management Co LLC, a unit of Northwestern Mutual Life Insurance Co, acquired Skanska USA Commercial Development, a Washington DC-based lessor of residential buildings and dwellings, from Skanska AB, for an estimated $141 mil.
Edgewater Apartments,Philadelphia,PA FCP Fund Manager LLC 117.9 FCP Fund Manager LLC acquired Edgewater Apartments, a Philadelphia-based lessor of residential buildings and dwellings, for a total $117.9 mil.
Bannockburn Global Forex LLC First Financial Bancorp, Cincinnati,Ohio 110.0 First Financial Bancorp, Cincinnati,Ohio agreed to acquire Bannockburn Global Forex LLC, a Cincinnati-based commodity contracts dealer, for a total $110 mil.
Mountaineer Park Inc Century Casinos Inc 107.0 Century Casinos Inc definitively agreed to acquire the entire share capital of Mountaineer Park Inc, a Chester-based owner and operator of casino hotel, from Eldorado Resorts Inc, for an estimated $107 million in cash. The transaction was to include IOC-Caruthersville LLC and IOC-Cape Girardeau LLC.
Brightwater Medical Inc Merit Medical Systems Inc 50.0 Merit Medical Systems Inc acquired Brightwater Medical Inc, a Peoria Heights-based manufacturer of medical instruments, for $50 million. The consideration were consisted of $35 million and up to $15 million in profit related payments.
Summer Grove Apartments,Colorado Springs,Colorado Investor Group 31.0 An investor group, comprised of Bascom Group LLC and The Axton Group acquired Summer Grove Apartments, a Colorado Springs-based lessor of residential buildings and dwellings, for a total $31 million. Concurrently, the investor group acquired Tanglewood Apartment Homes.
Peoples Bancorp of Mt Pleasant Inc,Mount Pleasant,OH Consumers Bancorp Inc,Minerva,Ohio 10.3 Consumers Bancorp Inc (CBI) definitively agreed to merge with Peoples Bancorp of Mt Pleasant Inc, a Mount Pleasant-based commercial bank, for an estimated $10. 3 mil, in a stock swap transaction. CBI offered a choice of an estimated $10. 3 million in cash, or $10.3 million in common shares or an undisclosed amount in cash and common shares, subject to proration whereby 50% will be paid in common shares and 50% in cash.
Tanglewood Apartment Homes,Colorado Springs,Colorado Investor Group 10.2 An investor group, comprised of Bascom Group LLC and The Axton Group acquired Tanglewood Apartment Homes, a Colorado Springs-based 112- unit apartment community, for a total $10.15 million. Concurrently, the investor group acquired Summer Grove Apartments.
Sheraton Chapel Hill Hotel-Certain Assets Atma Hotel Group Inc 9.3 Atma Hotel Group Inc agreed to acquire certain assets of Sheraton Chapel Hill Hotel, a Chapel Hill-based hotel operator, jointly owned by Shelbourne Falcon Investors LP and Richfield Hospitality Inc, for a total $9.25 mil.
Tanforan Ventures LLC North Bud Farms Inc 6.4 North Bud Farms Inc of Canada signed a letter of intent {LoI} to acquire the entire share capital of Tanforan Ventures LLC, a Woodland-based manufacturer of medical cannabis, for a total $6.429 million common shares, in a stock swap transaction.
Midwest Respiratory Care Inc-Respiratory Assets Focus Respiratory LLC 6.3 Focus Respiratory LLC, a unit of Great Elm DME Inc, acquired respiratory assets of Midwest Respiratory Care Inc, an Omaha-based health and personal care merchandise retailer, for a total $6. 25 million in cash.
Portable Computer Systems Inc Route1 Inc 2.4 Route1 Inc (Route1) of Canada definitively agreed to acquire the entire share capital of Portable Computer Systems Inc, a Denver-based computer reseller company, for a total $2.426 million. The consideration was to consist of $1.03 million in cash, 11.2 million common shares valued at $0.426 million and $0.97 million in unsecured notes. The shares were valued based on Route1's closing stock price of $0.038 on 13 June 2014, the last full trading day prior to the announcement.
WhiteOptics LLC Acuity Brands Inc Acuity Brands Inc acquired WhiteOptics LLC, a New Castle-based manufacturer of commercial electric lighting fixtures.
Taylor Air Center-Operating Assets Atlas Copco AB Atlas Copco AB of Sweden acquired operating assets of Taylor Air Center, a Whitehall-based manufacturer of air and gas compressors, owned by Vallen Distribution Inc. Terms were not disclosed.
Whataburger Restaurants LP BDT Capital Partners LLC BDT Capital Partners LLC, a unit of BDT & Co LLC, agreed to acquire an undisclosed majority interest in Whataburger Restaurants LP (Whataburger), a San Antonio-based full-service restaurant operator, in a leveraged buyout transaction. Terms were not disclosed. Originally, in May 2019. Whataburger was rumored to be seeking a buyer for the company.
Consolidated Precision Products Corp Berkshire Partners LLC Berkshire Partners LLC acquired an undisclosed majority interest in Consolidated Precision Products Corp (CPPC), a Cleveland-based aluminum foundry operator, from Warburg Pincus LLC (Warburg), in a tertiary buyout transaction. Terms were not disclosed. Originally, Warburg was rumored to be seeking a buyer for its CPPC unit. Previously, Warburg acquired CPPC in a secondary buyout transaction. Originally, Arlington Capital Partners LP acquire CPPC in a primary buyout transaction.
Warranty Chain Management Conference Bobit Business Media Inc Bobit Business Media Inc, a unit of Gemspring Capital LLC, acquired Warranty Chain Management Conference, direct insurance carrier.
Encore Group Inc Boeing Co Boeing Co planned to acquire Encore Group Inc, a Winston-Salem-based manufacturer of toys.
Gary A Dossick & Associates Inc-Assets Callahan Financial Planning Co Callahan Financial Planning Co acquired assets of Gary A Dossick & Associates Inc, a San Anselmo-based provider of financial investment services.
Photogenic Inc Cherry Hill Programs Cherry Hill Programs, a unit of Keystone Capital Inc, acquired Photogenic Inc, a Chicago-based photography studio operator, in a leveraged buyout transaction.
Gastar Exploration Inc Chisholm Oil & Gas LLC Chisholm Oil & Gas LLC definitively agreed to merge with Gastar Exploration Inc, a Houston-based producer of crude petroleum and natural gas. Terms were not disclosed.
United Materials Inc Construction Resources Inc Construction Resources Inc, a unit of Monomoy Capital Partners II LP, acquired United Materials Inc, a Tampa-based building material dealer, from Delta Gypsum LLC.
In-O-Vate Technologies Inc Continental Materials Corp Continental Materials Corp acquired In-O-Vate Technologies Inc, a Jupiter-based manufacturer of enameled iron and metal sanitary ware. The terms of the transaction were not disclosed, but according to sources close to the transaction, the value was estimated at $12.3 mil.
American Fleet Services Inc Dickinson Fleet Services LLC Dickinson Fleet Services LLC, a unit of Ridgemont Partners Management LLC, acquired American Fleet Services Inc, a Baltimore-based provider of mobile repair services.
T-Mobile US Inc-Wireless Assets DISH Network Corp DISH Network Corp was rumored to be planning to acquire wireless assets of T- Mobile US Inc, a Bellevue-based wireless telecommunications carrier, ultimately owned by Deutsche Telekom AG. The terms of the transaction were not disclosed, but according to sources close to the transaction, the value was estimated at $6 bil.
Lumenetix Inc ERP Power LLC ERP Power LLC acquired Lumenetix Inc, a Scotts Valley-based manufacturer of semiconductors and related device.
Practice Insight LLC eSolutions Inc eSolutions Inc acquired Practice Insight LLC, a Houston-based software publisher, from Eli Global LLC. Terms were not disclosed.
Good Software LLC GitHub Inc GitHub Inc, a unit of Microsoft Corp, acquired Good Software LLC, a Henderson-based software publisher. Terms were not disclosed.
Battery Agency LLC Havas SA Havas SA of France, a unit of Vivendi SA, acquired an undisclosed majority interest in Battery Agency LLC, a Hollywood-based advertising agency.
Hempsession Podcast Hq Global Education Inc Hq Global Education Inc acquired Hempsession Podcast, a Washington DC-based provider of sound recording related services.
Foster & Parker Insurance Agency Inc Hub International Ltd Hub International Ltd, a unit of Hellman & Friedman LLC, acquired Foster & Parker Insurance Agency Inc, a Madera-based insurance agency.
JMA Engineering Corp Hunter Engineering Co Hunter Engineering Co acquired JMA Engineering Corp, a Phoenix-based provider of engineering services.
Jibe Inc iCIMS Inc iCIMS Inc acquired Jibe Inc, a New York City-based developer of recruitment software.
Beacon Capital Partners LLC- 2 Morrisey Boulevard,Boston,MA Investor Group An investor group, comprised of Ares Management Corp and Accordia Partners LLC acquired 2 morrisey boulevard, of Beacon Capital Partners LLC, a Boston-based lessor of real estate property.
Getka Energy LLC Investor Group An investor group, comprised of HBC Investments, MapleMark Bank and Barcas Field Services LLC acquired Getka Energy LLC, a Tulsa-based provider of warehousing and storage services, from EnCap Flatrock Midstream, a unit of EnCap Investments LP, in a leveraged buyout transaction.
National Veterinary Associates Inc JAB Beech Inc JAB Beech Inc, a unit of Johann A Benckiser SE, planned to acquire National Veterinary Associates Inc, an Agoura Hills-based provider of veterinary services, from Ares Management Corp and Ares Management Corp.
National Veterinary Associates Inc JAB Holding Co Sarl JAB Holding Co Sarl of Luxembourg definitively agreed to acquire National Veterinary Associates Inc, an Agoura Hills-based provider of veterinary services, from Ares Management Corp and OMERS Private Equity Inc, a unit of Ontario Municipal Employees Retirement System. Terms were not disclosed.
Little Giant Farmers Market Corp Jackson Mitchell Holdings Inc Jackson Mitchell Holdings Inc, a unit of Mitchell Grocery Corp, acquired Little Giant Farmers Market Corp, a Jonesboro-based supermarket operator.
The Solaris Group LLC KF Group LP KF Group LP, a unit of Klingenstein Fields & Co LLC, acquired The Solaris Group LLC, a New York City-based provider of financial advisory services.
Jackson Financial Management Inc Mercer Global Advisors Inc Mercer Global Advisors Inc, a unit of Marsh & McLennan Cos Inc, acquired Jackson Financial Management Inc, a Costa Mesa-based portfolio manager.
CM Brewing Technologies Inc Middleby Corp Middleby Corp acquired CM Brewing Technologies Inc, a Tustin-based manufacturer of food product machinery.
South Central A\V Mood Media Corp Mood Media Corp, a unit of Mood Media Corp SPV, acquired South Central A\V, a Nashville-based provider of marketing consulting services.
G.Research LLC Morgan Group Holding Co Morgan Group Holding Co planned to acquire G.Research LLC, a Rye-based securities brokerage, from Associated Capital Group Inc.
Educate 360 LLC Morgan Stanley Capital Partners Morgan Stanley Capital Partners, a unit of Morgan Stanley Investment Management, acquired Educate 360 LLC, a West Lafayette-based provider of professional and management development training services, from Leeds Equity Partners LLC, in a leveraged buyout transaction. Terms were not disclosed.
Ditech Financial LLC New Residential Investment Corp New Residential Investment Corp agreed to acquire Ditech Financial LLC, a Fort Washington-based provider of real estate credit services, from the bankrupt Ditech Holding Corp, via an auction.
ArisGlobal LLC Nordic Capital Fund IX Nordic Capital Fund IX of Sweden, a unit of Nordic Capital Advisory AB, agreed to acquire an undisclosed majority interest in ArisGlobal LLC, a Coral Gables-based provider of software solutions. Terms were not disclosed.
Furey Filter & Pump Inc Ohio Transmission Corp Ohio Transmission Corp, a unit of Genstar Capital LLC, acquired Furey Filter & Pump Inc, a Germantown-based wholesales fluid handling and filtration products. Terms of the transaction were not disclosed. The transaction was to include PSI Engineering LLC.
Solers Inc Peraton Corp Peraton Corp, a unit of Veritas Capital Partners LP, definitively agreed to acquire Solers Inc, an Arlington-based provider of computer systems design services. Terms were not disclosed.
Rabbit Hole Distillery Pernod Ricard SA Pernod Ricard SA of France definitively agreed to acquire an undisclosed majority interest in Rabbit Hole Distillery, a Louisville-based distillery.
Bluegrass Dairy & Food Inc PPC Enterprises LLC PPC Enterprises LLC acquired Bluegrass Dairy & Food Inc, a Glasgow-based manufacturer of cheese, from Dubilier & Co Inc, in a leveraged buyout transaction.
Deephaven Mortgage LLC Pretium Partners LLC Pretium Partners LLC definitively agreed to acquire Deephaven Mortgage LLC, a Charlotte-based loan broker, from Varde Partners Inc. Terms were not disclosed.
Benjis Creative Ventures LLC RateGain IT Solution Pvt Ltd RateGain IT Solution Pvt Ltd of India acquired Benjis Creative Ventures LLC, a Chicago-based internet service provider.
Sun Bum SC Johnson & Son Inc SC Johnson & Son Inc planned to acquire Sun Bum, health and personal care merchandise retailer.
AECOM-Government services business Shareholders AECOM planned to spin off its government services business to its shareholders.
Nonprofit Unemployment Fund Services Inc The Amynta Group The Amynta Group acquired Nonprofit Unemployment Fund Services Inc, a Morro Bay-based government administration establishment for human resources.
Trench Shoring Services Inc Trench Plate Rental Co Trench Plate Rental Co, a unit of Power Opportunities Group, acquired Trench Shoring Services Inc, a Salt Lake City-based provider of machinery and equipment rental and leasing services.
Stellar Materials LLC Unifrax I LLC Unifrax I LLC, a unit of American Securities LLC, acquired Stellar Materials LLC, a Boca Raton-based clay, ceramic and refractory minerals mine operator, from Goldner Hawn Johnson &Morrison Inc. Terms were not disclosed.
Pf Arkansas Llc-26 Planet Fitness United PF Partners LLC United PF Partners LLC, jointly owned by JLM Financial Partners and Eagle Merchant Partners, acquired Pf Arkansas Llc-26 Planet Fitness, fitness and recreational sports center operator, from Pf Arkansas LLC.
Equian LLC UnitedHealth Group Inc UnitedHealth Group Inc planned to acquire Equian LLC, an Indianapolis-based software publisher, from New Mountain Capital LLC, ultimately owned by New Mountain Capital Group LLC. The terms of the transaction were not disclosed, but according to sources close to the transaction, the value was estimated at $3.2 bil.
Employee Benefit Concepts Inc USI Insurance Services LLC USI Insurance Services LLC, jointly owned by KKR & Co LP and Caisse De Depot Et Placement Du Quebec, acquired Employee Benefit Concepts Inc, a Buffalo-based employee benefit consulting and human capital management firm. Terms of the transaction were not disclosed.
Mjd Interactive Valtech SE Valtech SE of the UK, a unit of Siegco SA, acquired Mjd Interactive, a San Diego-based manufacturer of electronic computers.
Veoneer Nissin Brake Systems America LLC Veoneer Inc Veoneer Inc of Sweden definitively agreed to acquire the remaining 49% stake, which it did not already own, in Veoneer Nissin Brake Systems America LLC, a Findlay-based manufacturer of motor vehicle brake systems, from its joint venture partner Nissin Kogyo Co Ltd.
Onsite Energy Corp Willdan Group Inc Willdan Group Inc signed a Letter of Intent {LoI} to acquire the entire share capital of Onsite Energy Corp, a Carlsbad-based provider of engineering services.
Rive Technology Inc WR Grace & Co WR Grace & Co acquired Rive Technology Inc, a Monmouth Junction-based manufacturer of inorganic chemicals.
MPL Co Wynnchurch Capital LLC Wynnchurch Capital LLC acquired MPL Co, a Fairland-based carpentry contractor, in a leveraged buyout transaction.
US M&A Deals Announced June 14 to 20, 2019
View Table
Printer Friendly Version