Weekly wrap: Thoma Bravo, Palo Alto, BabyQuip

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Target Acquirer Value ($millions) Synopsis
CloudGenix Inc Palo Alto Networks Inc 420.0 Palo Alto Networks Inc definitively agreed to acquire CloudGenix Inc, a San Jose-based software publisher, for an estimated $420 million in cash.
News America Mktg Ppty LLP Charlesbank Capital Partners 235.0 Charlesbank Capital Partners LLC definitively agreed to acquire News America Marketing Properties LLP, a New York-based provider of single-source marketing services, from News Corp, for an estimated $235 million. The consideration was to consist of $50 million in cash plus up to $185 million in profit-related payments.
Curzion Pharmaceuticals Inc Horizon Therapeutics plc 45.0 Horizon Therapeutics plc acquired Curzion Pharmaceuticals Inc, a San Diego-based manufacturer of biological products, for a total $45 mil.
NES Financial Corp JTC PLC 40.0 JTC PLC of Jersey planned to acquire NES Financial Corp, a San Jose-based provider of financial investment services, for a total $40 mil.
VOP LLC-Apartments Broadshore Capital Partners 37.1 Broadshore Capital Partners LLC, a unit of Guardian Life Insurance Co of America, acquired Victoria at Orange Park Apartments of Victoria at Orange Park LLC, lessor of residential buildings and dwellings, ultimately owned by American Landmark Apartments, for a total $37.1 mil.
Transel Elevator & Elec Inc Anlev LLC 35.7 Anlev LLC, a unit of Analogue Holdings Ltd, acquired a 51% interest in Transel Elevator & Electric Inc, a Long Island City-based manufacturer of elevators, for an estimated total of $35.7 million in cash.
Franklin Labs LLC Harvest Health & Recreation 25.5 Harvest Health & Recreation Inc acquired Franklin Labs LLC, a Reading-based crop farming establishment, from Cannapharmacy Inc, for a total $25.5 million. The consideration consisted of $25.5 million in cash and $10 million in promissory note.
BroadVision Inc Aurea Software Inc 22.1 Aurea Software Inc, a unit of ESW Capital LLC, planned to acquire the entire share capital of the bankrupt BroadVision Inc (BroadVision), a Redwood City-based developer of enterprise portal applications, for an estimated $4.375 per share, or a total value of $22. 142 million. Originally, in March 2020, BroadVision announced that it was seeking buyer for its entire share capital.
Elevation Homewood Apts,AL Covenant Capital Group LLC 20.0 Covenant Capital Group LLC (Covenant) acquired Elevation Homewood Apartments, a Homewood-based lessor of residential buildings and dwellings, from Summit Equity Investments Inc and Elmington Capital Group LLC, for a total $19.975 million. Concurrently, Covenant acquired Elevation Vestavia Hills Apartments.
Suncap Ppty Grp-747 Mill Pk Monmouth RE Invest Corp 17.9 Monmouth Real Estate Investment Corp acquired 747 mill park drive of Suncap Property Group, a Charlotte-based provider of land subdivision services, for a total $17.9 mil.
Banner Midstream Corp Ecoark Holdings Inc 16.2 Ecoark Holdings Inc (Ecoark) definitively agreed to acquire Banner Midstream Corp, a Frisco-based provider of oil and gas drilling services, from Banner Energy Services Corp, for an estimated $16.228 million. The consideration consisted of 8. 9 million Ecoark common shares, or a total $5.028 million and the assumption of $11.2 million in liabilities. The shares were valued based on Ecoark's closing stock price of $0.56 on 30 March 2020, the last full trading day prior to the announcement.
Alternative Staffing Inc Swipejobs Hldg Pty Ltd 13.0 Swipejobs Holdings Pty Ltd of Australia planned to acquire Alternative Staffing Inc, a North Charleston-based provider of employee leasing services, for a total $12. 961 mil.
Elevation Vestavia Hills,AL Covenant Capital Group LLC 10.8 Covenant Capital Group LLC (Covenant) acquired Elevation Vestavia Hills Apartments, a Vestavia Hills-based lessor of residential buildings and dwellings, from Summit Equity Investments Inc and Elmington Capital Group LLC, for a total $10.775 million. Concurrently, Covenant acquired Elevation Homewood Apartments.
Turfway Plaza,Florence,KY The Cotswold Group Ltd 9.7 The Cotswold Group Ltd of the UK acquired Turfway Plaza, a Florence-based nonresidential property manager, for a total $9.7 mil.
Frencken America Inc Frencken Europe BV 1.1 Frencken Europe BV of Netherlands, a unit of Frencken Group Ltd, acquired the remaining 20% stake, which it did not already own, in Frencken America Inc, a Liberty Lake-based manufacturer of measuring, displaying and controlling variables instruments and related products, for a total $1.059 million in cash.
U Saw Mill & Saw log Export,NC Active Energy Group PLC 0.4 Active Energy Group PLC of the UK agreed to acquire the remaining stake, which it did not already own, in Undisclosed Saw Mill & Saw Log Export Activities, a Lumberton-based sawmill operator, from its joint venture partner Renewable Logistics Systems LLC, for an estimated $0.35 million in ordinary shares.
IdentityMind Inc Acuant Inc Acuant Inc, a unit of Audax Management Co LLC, acquired IdentityMind Inc, a Palo Alto-based software publisher.
Pbf Energy-Hydrogen Plants(5) Air Products & Chemicals Inc Air Products & Chemicals Inc signed Letter of Intent {LOI} to acquire 5 hydrogen plants of PBF Energy Inc, a Parsippany-based petroleum refinery operator.
Meetup Inc Alleycorp AlleyCorp acquired Meetup Inc, a New York-based provider of computer systems design services, from WeWork Cos Inc, owned by We Co MC LLC.
Houston Asset Management Inc Allworth Financial Allworth Financial, a unit of Parthenon Capital Partners LLC, acquired Houston Asset Management Inc, a Houston-based portfolio manager.
Dark Sky Co LLC Apple Inc Apple Inc acquired Dark Sky Co LLC, software publisher.
BioDot Inc Artemis Capital Partners Artemis Capital Partners acquired BioDot Inc, an Irvine-based manufacturer of measuring and dispensing pumps, in a leveraged buyout transaction.
Tot Squad-Baby Gear Cleaning Babyquip Inc Babyquip Inc acquired baby gear cleaning & repair services of Tot Squad, a Sherman Oaks-based provider of machinery and equipment rental and leasing services.
Prospect Capital Corp Bondholders Prospect Capital Corp, a New York-based financial sponsor, planned a debt restructuring transaction with Bondholders (BHs). Upon completion, BHs were to receive principal amount of every 6.25% Notes due 2024. The book value of the existing debt that will be exchanged under the terms of the offer is USD234.443 mil.
Thayer Power & Commun Line Calera Capital Management Inc Calera Capital Management Inc acquired Thayer Power & Communication Line Construction Co LLC, a Pataskala-based provider of telecommunications services, in a leveraged buyout transaction. Terms of the transaction were not disclosed.
CARBO Ceramics Inc Creditors the bankrupt CARBO Ceramics Inc(CARBO), a Houston-based manufacturer of abrasive products, planned a debt restructuring transaction with Creditors (CRs). CRs were to receive common shares in exchange for outstanding debt. Upon completion, CRs were to hold an undisclosed majority interest in the restructured CARBO. The book value of the existing debt that will be exchanged under the terms of the offer
Constellis Holdings Inc Creditors Constellis Holdings Inc, a Reston-based provider of security guard and patrol services, completed a recapitalization plan with Creditors (CRs). The book value of the existing debt that was repaid as a result of equity raise was $1.1 bil.
Strands Inc CRIF SpA CRIF SpA of Italy agreed to acquire the entire share capital of Strands Inc, a Miami-based provider of custom computer programming services.
Tavve Software Co Defiance Ventures LLC Defiance Ventures LLC acquired Tavve Software Co, a Morrisville-based a cybersecurity firm, in a leveraged buyout transaction.
Aerovista Innovations LLC DroneUp LLC DroneUp LLC acquired Aerovista Innovations LLC, a Glenview-based manufacturer of aircrafts.
Bonsa Health Emerald Organic Products Inc Emerald Organic Products Inc acquired a 51% interest in Bonsa Health, a Tampa-based drug store operator.
Carie Health Inc Emerald Organic Products Inc Emerald Organic Products Inc definitively agreed to acquire Carie Health Inc, a Miami-based software publisher focused on telehealth services.
Wei Beauty Fosun International Ltd Fosun International Ltd of China, a unit of Fosun Holdings Ltd, acquired a 68% interest in Wei Beauty, manufacturer of toilet preparations.
Nrthn Paper Mill Credit Union Fox Communities Credit Union Fox Communities Credit Union agreed to merge with Northern Paper Mill Credit Union, a Green Bay-based credit union.
Humboldt Heritage Inc Hightimes Hldg Corp Hightimes Holding Corp signed a Letter of Intent to acquire Humboldt Heritage Inc, an Arcata-based manufacturer of medicinals and botanicals. The transaction includes Humboldt Sun Growers Guild and Grateful Eight LLC.
Meadow Gold Dairies Industrial Realty Group LLC Industrial Realty Group LLC agreed to acquire Meadow Gold Dairies, manufacturer of fluid milk, from Dean Foods Co.
Global Bus Ins Agcy Inc Inszone Insurance Services Inc Inszone Insurance Services Inc acquired Global Business Insurance Agency Inc, a Woodland Hills-based insurance agency.
Brighton Bancorp Inc Investor Group An investor group, comprised of Simpson Brown Jr and other individual investors, agreed to acquire an undisclosed majority interest in Brighton Bancorp Inc, a Brighton-based commercial bank.
Procter & Gamble-Facility,KS Investor Group An investor group, comprised of Gordon Brothers Group LLC and New Mill Capital Holdings LLC acquired the Kansas City, Kansas facility of Procter & Gamble Co, a Kansas City-based lessor of nonresidential buildings.
Abacus Worldwide LLC JHI Association Inc JHI Association Inc signed a letter of intent to acquire the entire share capital of Abacus Worldwide LLC, a Miami-based certified public accountant's office.
TH Foods Inc Kameda Seika Co Ltd Kameda Seika Co Ltd of Japan raised its interest to 50%, from 46.84%, by acquiring a 3.16% stake in Th Foods Inc, a Loves Park-based manufacturer of snack products. Terms were not disclosed.
Prime Engineered Component Inc KKSP Precision Machining LLC KKSP Precision Machining LLC, a unit of Mill Point Capital Partners LP, acquired Prime Engineered Component Inc, a Watertown-based provider of engineering services.
Metro Capital Advisors Ltd Marcus & Millichap Capital Marcus & Millichap Capital Corp, a unit of Marcus & Millichap Inc, acquired Metropolitan Capital Advisors Ltd, a Dallas-based investment advisor.
Homecare Of Mid Missouri Missouri Home Hospice LLC Missouri Home Hospice LLC acquired Homecare Of Mid Missouri Home Health & Hospice, a Moberly-based provider of home health care services.
Seven Seas Water Corp Morgan Stanley Morgan Stanley (MS) acquired Seven Seas Water Corp (Seven), a Tampa-based water supply system operator, from Aquaventure Holdings Ltd, owned by Culligan International Co. Originally, in January 2020, MS was rumored to be planning to acquire Seven. The terms of the transaction were not disclosed, but according to sources close to the transaction, the value was estimated at $500 mil.
6D.ai Niantic Inc Niantic Inc acquired 6D. ai, a San Francisco-based software publisher.
Hawaiiana Hldg Inc Nippon Kanzai Co Ltd Nippon Kanzai Co Ltd of Japan acquired a 50% interest in Hawaiiana Holdings Inc, a Honolulu-based lessor of residential buildings and dwellings, from Swell International Inc.
Barrel House Cooker Co LLC Noah Glanville Noah Glanville acquired Barrel House Cooker Co LLC, a Bakersfield-based manufacturer of household cooking appliances.
Allen Bros Whl Distributors Palm Beach Capital Fund III LP Palm Beach Capital Fund III LP, a unit of Palm Beach Capital Corp, acquired an undisclosed majority interest in Allen Brothers Wholesale Distributors, a Philadelphia-based line grocery merchant wholesaler, in a leveraged buyout transaction. Terms were not disclosed.
Altis Wiregrass Ranch Preferred Apt Communities Preferred Apartment Communities Inc acquired Altis Wiregrass Ranch, a Wesley Chapel-based lessor of residential buildings and dwellings.
Coastal Air Compressor-Asset Pye-Barker Supply Co Pye-Barker Supply Co acquired assets of Coastal Air Compressor Inc, a Sylvania-based industrial machinery and equipment merchant wholesaler.
Peak Capital Management LLC Shepherd Kaplan Krochuk LLC Shepherd Kaplan Krochuk LLC acquired Peak Capital Management LLC, a Colorado Springs-based investment advisor.
Logos Tech LLC-NatSurFact Bus Stepan Co Stepan Co acquired NatSurFact business line of Logos Technologies LLC, a Fairfax-based manufacturer of search, detection, navigation, guidance, aeronautical and nautical systems and instruments.
Ntt Urban Dvlp Corp-Ppty Taisei USA LLC Taisei USA LLC acquired 2 property portfolios of Ntt Urban Development Corp, a Tokyo-based portfolio manager, ultimately owned by Nippon Telegraph & Telephone Corp.
Command Alkon Inc Thoma Bravo LLC Thoma Bravo LLC definitively agreed to acquire Command Alkon Inc, a Birmingham-based software publisher, from Quilvest Private Equity SARL, ultimately owned by Quilvest SA, in a leveraged buyout transaction. Terms were not disclosed.
MacPractice Inc Valsoft Corp Inc Valsoft Corp Inc of Canada acquired MacPractice Inc, a Lincoln-based developer of software.
CARBO Ceramics Inc Wilks Brothers LLC Wilks Brothers LLC definitively agreed to acquire the entire share capital of the bankrupt CARBO Ceramics Inc, a Houston-based manufacturer of abrasive products.
US M&A Deals Announced March 27 to April 02, 2020