In line with forecats for a robust year, closed deals have been on the rise since hitting their 2014 low of 143 in February.
The number of deals increased by 185 in April from 168 in March, but still did not meet January's level of 216 closed transactions. Deal value increased to $25.7 billion in April, the highest point since January, which produced $30.2 billion in closed deals.
(See related graphic.)
For more on dealflow, see Mergers & Acquisitions Conditions Index (MACI).
Key Middle-Market M&A Deals Completed in April 2014:
| Date | Acquirer | Target | Industry | Value ($millions) |
|---|---|---|---|---|
| 04/14/14 | Shareholders | Blackhawk Network Holdings Inc | Business Services | 993.6 |
| 04/14/14 | Colfax Corp | Victor Technologies Group Inc | Machinery | 947.3 |
| 04/03/14 | Cinven Ltd | Medpace Inc | Health Services | 915.0 |
| 04/01/14 | United Rentals Inc | National Pump & Compressor | Wholesale Trade-Durable Goods | 905.0 |
| 04/01/14 | iQor Holdings Inc | Jabil Circuit Inc-Aftermarket | Electronic and Electrical Equipment | 725.0 |
| 04/29/14 | Bristol-Myers Squibb Co | iPierian Inc | Drugs | 725.0 |
| 04/15/14 | Aaron's Inc | Progressive Fin Hldg LLC | Credit Institutions | 700.0 |
| 04/17/14 | Akorn Inc | Hi-Tech Pharmacal Co Inc | Drugs | 602.0 |
| 04/01/14 | Resolution Life Holdings Inc | Lincoln Benefit Life Co | Insurance | 600.0 |
| 04/01/14 | CoStar Group Inc | Apartments.com | Business Services | 585.0 |
| 04/17/14 | Hepalink USA Inc | SPL Acquisition Corp | Drugs | 575.0 |
| 04/17/14 | Shenzhen Hepalink Pharm Co Ltd | Scientific Protein Lab | Drugs | 548.5 |
| 04/21/14 | Canada Pension Plan Investment | JW Childs Associates LP | Investment & Commodity Firms,Dealers,Exchanges | 477.0 |
| 04/07/14 | Investor Group | Pullmantur SA-Non-Cruise Bus | Transportation and Shipping (except air) | 439.8 |
| 04/16/14 | Insight Venture Partners LLC | Campaign Monitor Pty Ltd | Business Services | 410.0 |
| 04/28/14 | Westmoreland Coal Co | Coal Valley Resources Inc | Mining | 409.1 |
| 04/10/14 | Kimco Realty Corp | Kimco Income Fund I REIT | Investment & Commodity Firms,Dealers,Exchanges | 408.0 |
| 04/30/14 | Mattel Inc | Mega Brands Inc | Miscellaneous Manufacturing | 379.5 |
| 04/01/14 | Microchip Technology Inc | Supertex Inc | Electronic and Electrical Equipment | 377.1 |
| 04/01/14 | Hines Global REIT Inc | 25 Cabot Square | Real Estate; Mortgage Bankers and Brokers | 370.8 |
| 04/30/14 | Vestar Capital Partners Inc | Institutional Shareholder Svcs | Business Services | 367.0 |
| 04/07/14 | SK E&P America Inc | Plymouth-Grant-Garfield | Oil and Gas; Petroleum Refining | 367.0 |
| 04/10/14 | Exterran Partners LP | Chesapeake-Compression Assets | Oil and Gas; Petroleum Refining | 360.0 |
| 04/28/14 | Siris Capital Group LLC | Stratus Technologies Inc | Computer and Office Equipment | 352.0 |
Editor's Note:
To measure activity in the middle market, Mergers & Acquisitions looks at transactions that fulfill several requirements: Deals must have a value of roughly $1 billion or less; they must be completed (not just announced) within the timeframe designated; and they must include at least one U.S. company in the role of buyer and/or seller. Excluded from our charts are: recapitalizations; self-tenders; exchange offers; repurchases; stake purchases; and transactions with undisclosed values, buyers or sellers.
