Weekly wrap: Roper, CD&R, Align Capital

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Target Acquirer Value ($millions) Synopsis
Vertafore Inc Roper Technologies Inc 5,350.0 Roper Technologies Inc definitively agreed to acquire Vertafore Inc (Vertafore), a Denver-based software publisher, from Vista Equity Partners LLC (VEP) and Bain Capital Private Equity LP (BCP), for an estimated $5.35 billion in cash. Originally, in October 2019, VEP and BCP were rumored to be seeking a buyer for Vertafore.
Hd Supply Hldg-Constr & Ind Clayton Dubilier & Rice LLC 2,900.0 Clayton Dubilier & Rice LLC, a unit of Clayton Dubilier & Rice Holdings LP, definitively agreed to acquire the construction & industrial business of HD Supply Holdings Inc, an Atlanta-based industrial supplies merchant wholesaler, for $2.9 billion in cash, in a leveraged buyout transaction.
WCA Waste Corp GFL Environmental Inc 1,212.0 GFL Environmental Inc of Canada definitively agreed to acquire WCA Waste Corp, a Houston-based provider of waste management and disposal services, from Cod Merger Co Inc, jointly owned by Macquarie Infrastructure Partners II US LP and Macquarie Infrastructure Partners II International LP, for a total value of $1. 212 bil.
Pfenex Inc Ligand Pharmaceuticals Inc 505.6 Ligand Pharmaceuticals Inc (Ligand) definitively agreed to acquire the entire share capital of Pfenex Inc (Pfenex), a San Diego-based developer of biotherapeutics and vaccines, for a total $505.642 million. The consideration was to consist of $12 in cash per share, or a total of $411.559 million and $68.593 as a Contingent Value Right plus $25.489 million options.
Cumulus Media Inc-Broadcast Vertical Bridge REIT LLC 213.0 Vertical Bridge REIT LLC, a unit of Vertical Bridge Holdings LLC, definitively agreed to acquire the broadcast communications tower sites of Cumulus Media Inc, an Atlanta-based radio station, for a total $213 mil.
Montage Resources Corp Southwestern Energy Co 204.3 Southwestern Energy Co (SWN) definitively agreed to acquire the entire share capital of Montage Resources Corp (MR), an Irving-based producer of crude petroleum and natural gas, for a total $204.293 mil, in a stock swap transaction. SWN offered 1.8656 SWN shares for each MR share held. The shares were valued based on SWN's closing stock price of $3.04 on 11 August, 2020, the last full trading day prior to the announcement.
MVC Capital Inc Barings BDC Inc 144.3 Barings BDC Inc (BDC), a unit of Massachusetts Mutual Life Insurance Co, definitively agreed to acquire the entire share capital of MVC Capital Inc (MVC), a Purchase-based financial sponsor, for a total $144.328 mil, in a stock swap leveraged buyout transaction. The consideration were to consist of $137.327 million in common shares and $0.395 in cash per share or a total of $7. 001 million. BDC offered 0.94024 BDC common shares for each MVC share held. The shares were valued based on BDC's closing stock price of $8. 24 on 09 August, 2020, the last full trading day prior to the announcement.
Limelight Health Inc FINEOS Corp Holdings PLC 75.0 FINEOS Corp Holdings PLC of Republic of Ireland agreed to acquire the entire share capital of Limelight Health Inc, a San Francisco-based software publisher, for a total $75 mil, in a stock swap transaction. The consideration was to consist of $56 million in cash and an estimated $19 million in FINEOS CDI.
Huttig Building Products Inc Mill Road Capital Mgmt LLC 68.0 Mill Road Capital Management LLC planned to launch an unsolicited tender offer for the remaining stake, which it did not already own, in Huttig Building Products Inc (Huttig), a St Louis-based millwork merchant wholesaler, for $2.75 in cash per share, or a total value of $67.968 mil, in a leveraged buyout transaction. The offer was conditional upon at least a majority of Huttig's shares being tendered.
Elion Partners-Properties(5) Blackstone Group Inc 45.9 Blackstone Group Inc acquired 5 warehouse properties of Elion Partners LLC, a Miami-based lessor of real estate property, for a total $45.9 mil, in a leveraged buyout transaction.
Sunworks Inc Peck Co Holdings Inc 14.0 Peck Co Holdings Inc agreed to acquire the remaining stake, which it did not already own, in Sunworks Inc, a Roseville-based manufacturer of semiconductors and related device, for a total $13. 997 mil, in a stock swap reverse takeover transaction. The shares were valued for $0.842 per share based on Peck Co Holding's closing stock price of $4.55 on 10 August 2020, the last full trading day prior to the announcement. Peck Co holdings offered 0.185171 Peck Co common share per Sunworks common share. Upon completion, Peck Co Holdings and Sunworks were to own 36. 54% and 63.46% of the newly combined entity, respectively.
Trussville Pinnacle Plaza Cowan & Skinner Ranch Co 2.8 Cowan & Skinner Ranch Co acquired Trussville Pinnacle Plaza, a Birmingham-based owner and operator of medical office building, from Trussville Clinic Partners LLC, for a total $2.75 mil.
Electn Transactions Corp Align Capital Partners LLC Align Capital Partners LLC acquired Electronic Transactions Consultants Corp, a Richardson-based provider of management consulting services, from Atlantia SpA, in a leveraged buyout transaction. The terms of the transaction were not disclosed.
S & L Assn Mgmt Inc Avalon Mgmt Grp Inc Avalon Management Group Inc acquired S & L Association Management Inc, a Temecula-based provider of real estate services.
OSIsoft LLC AVEVA Group PLC AVEVA Group PLC of the UK planned to acquire OSIsoft LLC (OSIsoft), a San Leandro-based software publisher, from SoftBank Group Corp (Softbank). The terms of the transaction were not disclosed, but according to sources close to the transaction, the value was estimated at $5 billion. Originally, in May 2020, Softbank was rumored to be seeking a buyer for OSIsoft.
Ascent Vision Technologies LLC CACI International Inc CACI International Inc acquired Ascent Vision Technologies LLC, a Belgrade-based manufacturer of aircrafts.
C&E GP Specialists Inc CooperVision Inc CooperVision Inc, a unit of The Cooper Cos Inc, acquired C&E GP Specialists Inc, a San Diego-based manufacturer of ophthalmic goods. Terms were not disclosed.
Canoo Inc Hennessy Capital Acquisition Hennessy Capital Acquisition Corp IV was rumored to be planning to acquire the entire share capital of Canoo Inc, a Torrance-based manufacturer of automobiles. The terms of the transaction were not disclosed, but according to sources close to the transaction, the value was estimated at $2 bil.
Companion Medical Inc Medtronic PLC Medtronic PLC of Republic of Ireland planned to acquire Companion Medical Inc, a San Diego-based manufacturer of smart insulin pen. Terms were not disclosed.
Strategic Payment Systems Inc Payroc LLC Payroc LLC, a unit of Parthenon Capital Partners LLC, acquired Strategic Payment Systems Inc, a Canton-based provider of financial transactions services. The terms of the transaction were not disclosed.
Crunchyroll Inc Sony Corp Sony Corp of Japan was rumored to be planning to acquire Crunchyroll Inc, a San Francisco-based internet service provider, from Otter Media Holdings LLC, ultimately owned by AT&T Inc. The terms of the transaction were not disclosed, but according to sources close to the transaction, the value was estimated at $1.5 bil.
Bytedance Ltd-Tiktok US Op Twitter Inc Twitter Inc was rumored to be planning to acquire the TikTok US operations of ByteDance Ltd, internet portal operator.
McFarlane Medical Inc Vonco Products LLC Vonco Products LLC acquired McFarlane Medical Inc, a Geneva-based manufacturer of medical instruments.
US M&A Deals Announced August 07 to 13, 2020