Weekly wrap: Prudential, Resonetics, TPG

prudentialfinancial
The Prudential Financial Inc. building stands in Newark, New Jersey, U.S., on Wednesday, March 9, 2016. New Jersey's credit rating has tumbled to the second-worst in the U.S. and has a swelling $83 billion unfunded pension liability, even though its residents pay the highest property-tax rate nationwide. Photographer: Ron Antonelli/Bloomberg

Target Acquirer Value ($millions) Synopsis
Assurance IQ Inc Prudential Financial Inc 3500.0 Prudential Financial Inc (Prudential) definitively agreed to acquire the entire share capital of Assurance IQ Inc, a Bellevue-based insurance agency, for a total $3.5 bil. The consideration was to consist of $1.88 bil in cash and $470 million Prudential common stock plus up to $1.15 bil in profit-related payments.
APi Group Inc J2 Acquisition Ltd 2316.7 J2 Acquisition Ltd (J2) of the UK definitively agreed to acquire APi Group Inc (APi) , a New Brighton-based industrial building constructor, for an estimated $2.317 bil. The transaction was to consist of an estimated $2.05 bil in cash and an estimated 28.373 million ordinary shares valued at $266.706 million . The shares were valued based on J2's closing stock price of $9. 4 on 2 September 2019, the last full trading day prior to the announcement. On completion, J2 and APi shareholders were to own 85. 5% interest and 14.5% stake in the combined entity, respectively and was to be renamed APi Group Corp.
CIM Real Estate Finance Trust Inc-Single-Tenant Retail Properties(454) Realty Income Corp 1250.0 Realty Income Corp definitively agreed to acquire 454 single-tenant retail properties of CIM Real Estate Finance Trust Inc, a Phoenix-based lessor of real estate property, ultimately owned by CIM Group LP, for $1.25 bil in cash.
TA Realty LLC-Logistics Portfolio(68) Blackstone Group Inc 1040.0 Blackstone Group Inc acquired 68 logistics portfolio of TA Realty LLC, a Boston-based lessor of real estate property, owned by Rockefeller Group International Inc, in a leveraged buyout transaction. Concurrently, AEW Capital Management LP, a unit of NVEST LP, acquired 28 logistics portfolio of TA Realty LLC. The two transactions had a combined value of $1.04 bil.
MJR Theatres Inc Kinepolis Group NV 152.3 Kinepolis Group NV of Belgium agreed to acquire MJR Theatres Inc, a Bloomfield-based motion picture theater operator, for $152.25 million .
Fiber Solutions Motus Integrated Technologies 85.0 Motus Integrated Technologies, a unit of Atlas Holdings LLC, acquired Fiber Solutions, a Fort Myers-based provider of engineering services, from Jason Inc, for a total $85 million .
Maple Leaf Financial Inc Farmers National Banc Corp 39.6 Farmers National Banc Corp (Farmers) agreed to merge with Maple Leaf Financial Inc (Maple), a Newbury Township-based bank holding company, for an estimated $39.6 million . Farmers offered a choice of $640 in cash per share or 45.5948 common shares per Maple share, subject to proration whereby 50% of the total consideration was to be paid in common shares and the remaining 50% in cash.
Drawworks LP McCoy Global Inc 6.0 McCoy Global Inc of Canada planned to acquire Drawworks LP, a Boling-based industrial machinery and equipment merchant wholesaler, for a total $6 million .
CannaAmerican Brands LLC International Investment & Financial 4.0 Integrated Cannabis Co Inc of Canada planned to acquire the remaining stake, which it did not already own, in CannaAmerican Brands LLC, manufacturer of medicinals and botanicals, for a total $4 million .
TA Realty LLC-Logistics Portfolio(28) AEW Capital Management LP AEW Capital Management LP, a unit of NVEST LP, acquired 28 logistics portfolio of TA Realty LLC, a Boston-based lessor of real estate property, owned by Rockefeller Group International Inc. Concurrently, Blackstone Group Inc acquired 68 logistics portfolio of TA Realty LLC. The two transactions has a combined value of $1.04 bil.
Garnett-Powers & Associates Insurance Services Inc-University Services Business Arthur J Gallagher & Co Arthur J Gallagher & Co acquired university services business of Garnett-Powers & Associates Insurance Services Inc, a Mission Viejo-based insurance agency.
First State Bank Of Colfax Bank Iowa NA Bank Iowa NA agreed to acquire First State Bank Of Colfax, a Colfax-based securities brokerage.
Fleco Industries Inc Core Industrial Partners LLC Core Industrial Partners LLC acquired Fleco Industries Inc, a Carrollton-based manufacturer of commercial electric lighting fixtures, in a leveraged buyout transaction.
Bel Shower Door Corp Denver Glass Interiors Inc Denver Glass Interiors Inc, a unit of Baymark Partners LP, acquired Bel Shower Door Corp, an Englewood-based manufacturer of glass products.
Ace Info Solutions Inc Dovel Technologies Inc Dovel Technologies Inc, a unit of Macquarie Capital (USA) Inc, acquired Ace Info Solutions Inc, a Reston-based provider of custom computer programming services.
Professional Pension Planners Inc Economic Group Pension Services Inc Economic Group Pension Services Inc acquired Professional Pension Planners Inc, an Ardsley-based provider of human resources and executive search consulting services. Terms were not disclosed.
Custom LeatherCraft Manufacturing LLC Hultafors Group AB Hultafors Group AB of Sweden, a unit of Investment AB Latour, acquired Custom LeatherCraft Manufacturing LLC, a South Gate-based manufacturer of leather goods. Terms were not disclosed.
Kansas City Royals Investor Group An investor group, comprised of John Sherman and other investors, agreed to acquire Kansas City Royals, a Kansas City-based sports club.
Netrality Property Trust LLC Investor Group Macquarie Infrastructure (Macquarie Infrastructure) Partners Iv L.P, a unit of Macquarie Infrastructure & Real Assets Pty Ltd, acquired Netrality Property Trust LLC, a New York City-based nonresidential property manager, from ABRAMS CAPITAL MANAGEMENT LP in a leveraged buyout transaction. Originally, in September 2019, Macquarie Infrastructure was rumored to be planning to acquire a minority stake in Netrality Property.
TimeClock Plus LLC Providence Equity Partners LLC Providence Equity Partners LLC acquired an undisclosed majority interest in TimeClock Plus LLC, a San Angelo-based software publisher, in a leveraged buyout transaction. Terms were not disclosed.
Tru Tech Systems Inc Resonetics LLC Resonetics LLC, a unit of Regatta Medical, acquired Tru Tech Systems Inc, a Mt. Clemens-based manufacturer of metal cutting machine tools.
Engineering Solutions & Products LLC Sev1tech LLC Sev1tech LLC acquired Engineering Solutions & Products LLC, a Chantilly-based provider of logistics consulting services.
Heartland Co Sterling Investment Partners LP Sterling Investment Partners LP acquired an undisclosed majority interest in Heartland Co, a Mission Woods-based provider of landscaping services, from Great Range Capital, in a leveraged buyout transaction. Terms of the transaction were not disclosed.
HireVue Inc The Carlyle Group LP The Carlyle Group LP agreed to acquire an undisclosed majority interest in HireVue Inc, a South Jordan-based software publisher.
CollabNet Inc TPG Capital LP TPG Capital LP definitively agreed to acquire CollabNet Inc, a San Francisco-based software publisher, from Vector Capital Corp, ultimately owned by Vector Capital Management LP, in a leveraged buyout transaction. Terms were not disclosed.
Health & Safety Institute Inc Waud Capital Partners LLC Waud Capital Partners LLC acquired Health & Safety Institute Inc (HSI), an Eugene-based provider of professional safety and health certification services, from The Riverside Co (Riverside), in a secondary buyout transaction. Originally, Riverside acquired HSI.
US M&A Deals Announced August 30 to September 5, 2019
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