Twin-Star International
Target Acquirer Value ($millions) Synopsis
St. Jude Medical Inc Abbott Laboratories 24,733.3 Abbott Laboratories definitively agreed to acquire the entire share capital of St. Jude Medical Inc, a Saint Paul-based manufacturer and wholesaler of medical devices, for $24.733 billion. Abbott offered $46.75 in cash per share and 0.8708 common share valued at $10.839 billion. Based on Abbott's closing stock price of $43.83 on 27 April 2016, the last full trading day prior to the announcement, each St. Jude common share was valued at $84.917. Originally, Abbott was rumored to be planning to acquire the entire share capital of St. Jude.
Stemcentrx Inc AbbVie Inc 9,800.0 AbbVie Inc plans to acquire Stemcentrx Inc, a South San Francisco-based manufacturer and developer of cancer drug products, for an estimated $9.8 billion. The consideration would consist of around $2 billion in cash, $3.8 billion in AbbVie common shares, and up to $4 billion in profit-related payments. The transaction would include the late-stage rovalpituzumab tesirine (Rova-T) asset of Stemcentrx.
Medivation Inc Sanofi SA 8,919.9 Sanofi SA of France plans to launch an unsolicited offer to acquire the entire share capital of Medivation Inc, a San Francisco-based manufacturer of pharmaceutical preparations, for $52.50 in cash per share or a total of $8.920 billion. Originally, Sanofi was rumored to be planning to acquire the entire share capital of Medivation.
DreamWorks Animation SKG Inc NBCUniversal Media LLC 3,596.5 NBCUniversal Media LLC, a wholly-owned unit of Comcast, agreed to acquire the entire share capital of DreamWorks Animation SKG Inc, a Glendale-based producer of computer generated animated films and also a distributor of such videos, for $41 in cash per share or a total of $3.596 billion. Originally, Comcast was rumored to be planning to acquire the entire share capital of DreamWorks.
Rexam PLC-Manufacturing Sites(8) Ardagh Group SA 3,420.0 Ardagh Glass Group SA of Luxembourg agreed to acquire eight manufacturing sites of Rexam PLC, a London-based manufacturer of packaging products. Concurrently, Ardagh agreed to acquire Rexam's assets in Europe & Brazil. The three transactions, which would have a combined value of $3.42 bil, is contingent upon the completion of Ball Corp's acquisition of Rexam PLC. Originally in February 2016, Ball Corp, a Broomfield-based manufacturer of metal cans, was rumored to be seeking a buyer for the sites, via an auction. Ardagh, Blackstone Group LP, Apollo Global Management LLC and Madison Dearborn Partners LLC were named as potential bidders back then.
ExamWorks Group Inc Leonard Green & Partners LP 1,438.8 Leonard Green & Partners LP, through an undisclosed affiliate, definitively agreed to acquire the entire share capital of ExamWorks Group Inc, an Atlanta-based provider of independent medical examinations, peer, and bill reviews, and other related services, for $35.05 in cash per share or a total of $1.439 bil, via a leveraged buyout transaction.
Cash America International Inc First Cash Financial Services Inc 1,000.9 First Cash Financial Services Inc definitively agreed to merge with Cash America International Inc, a Fort Worth-based owner and operator of pawnshops, via a stock swap transaction valued at $1.001 billion. First Cash offered 0.84 common shares per Cash America share. Based on First Cashs closing stock price of $48.69 on 27 April 2016, the last full trading day prior to the announcement, each Cash America share was valued at $40.9. Upon completion, First Cash and Cash America shareholders would own 58% and 42% of the merged entity, respectively.
Verisk Analytics Inc-Healthcare Services Business Veritas Capital Partners LP 820.0 Veritas Capital Partners LP definitively agreed to acquire healthcare services business of Verisk Analytics Inc, a Jersey City-based provider of risk assessment data services, for an estimated $820 million via a leveraged buyout transaction. The consideration would consist of USDd 720 million in cash and $100 million in promissory notes. Originally, in October 2015, Verisk was seeking a buyer for its healthcare data analytics business.
Textura Corp Oracle Corp 701.9 Oracle Corp definitively agreed to acquire the entire share capital of Textura Corp, a Deerfield-based developer of construction software, for $26 in cash per share or a total of $701.882 mil, via tender offer. The transaction is conditional upon at least 66.67% of Textura's shares being tendered.
Broadcom Ltd-Wireless Internet of Things Business Cypress Semiconductor Corp 550.0 Cypress Semiconductor Corp definitively agreed to acquire the Wireless Internet of Things business of Broadcom Ltd, a San Jose-based manufacturer of semiconductors and related devices, for $550 million in cash.
Tribune Publishing Co Gannett Co Inc 387.8 Gannett Co Inc plans to launch an unsolicited offer to acquire the entire share capital of Tribune Publishing Co, a Chicago-based provider of multiplatform media and marketing solutions services, for $12.25 in cash per share or a total of $387.807 mil.
EnergySouth Inc Laclede Group Inc 344.0 Laclede Group Inc definitively agreed to acquire the entire share capital of EnergySouth Inc, a Mobile-based provider of natural gas distribution services, from Sempra Energy Inc, for an estimated $344 million. The consideration would consist of around $277 million in cash and the assumption of up to $67 million in liabilities.
Chemours Co-Sell Clean & Disinfect Business Lanxess AG 236.6 Lanxess AG of Germany agreed to acquire sell the cleaning & disinfectant business of Chemours Co, a Wilmington-based manufacturer of chemical products, for $236.647 million.
Cannery Casino Resorts LLC-Las Vegas Assets Boyd Gaming Corp 230.0 Boyd Gaming Corp definitively agreed to acquire the Las Vegas assets of Cannery Casino Resorts LLC, a Las Vegas-based owner and operator of hotels and casinos and a unit of Millennium Gaming Inc, for $230 million in cash. Originally, Boyd was rumored to be planning to acquire Cannery.
Pine State Trading Co-Convenience Division Core-Mark Holding Co Inc 112.0 Core-Mark Holding Co Inc definitively agreed to acquire the convenience division of Pine State Trading Co, a Gardiner-based alcoholic beverages merchant wholesaler, for an estimated $112 million in cash.
ANXeBusiness Corp OpenText Corp 100.0 OpenText Corp of Canada definitively agreed to acquire ANXeBusiness Corp, a Southfield-based information technology service provider, from One Equity Partners LLC, for $100 million.
Baby Trend Inc Alpha Animation&Culture(Hong Kong)Co Ltd 94.0 Alpha Animation & Culture (HongKong) Co Ltd o, a unit of Alpha Group, plans to acquire the entire share capital of Baby Trend Inc, an Ontario-based manufacturer of toys, from Denny Tsai (70.5%) and Betty Tsai (29.5%) for a total of $94 mil.
Teradata Corp-Marketing Applications Business Marlin Equity Partners LLC 90.0 Marlin Equity Partners LLC agreed to acquire the marketing applications business of Teradata Corp, a Dayton-based provider of horizontal and industry analytical applications services, for $90 million in cash, via a leveraged buyout transaction. Originally, in November 2015, Teradata announced that it was seeking a buyer for its business.
Business Journals inc UBM PLC 69.0 UBM PLC of the UK acquired Business Journals Inc, a New York-based b2b media company, for $69 million.
Foundation Bancorp Inc, Seattle,Washington Pacific Continental Corp, Eugene,Oregon 47.2 Pacific Continental Corp (PCC) agreed to acquire the entire share capital of Bellevue-based Foundation Bancorp Inc via in a stock swap transaction,valued at $47.198 million. PCC offered a choice of 0.7911 common shares, $12.5 in cash per share or a combination for every Foundation share. Based on PCC's closing stock price of $16.32 on 25 April 2016, the last full trading day prior to the announcment, each Foundation share was valued at $12.911.
Regent Bancorp Inc Stonegate Bank,Fort Lauderdale,Florida 40.0 Stonegate Bank definitively agreed to acquire the entire share capital of Regent Bancorp Inc, a Davie-based bank holding company, via a stock swap transaction valued at around $39.988 million. Stonegate offered 0.2893 common shares per Regent share. Based on Stonegate's closing stock price of $31.17 on 25 April, 2016, the last full trading day prior to the announcement, each Regent share was valued at $9.017.
Hackbright Academy Capella Education Co 18.0 Capella Education Co paid $18 million to acquire Hackbright Academy, a San Francisco-based provider of non-degree software engineering school services.
Lucky Bucks Inc Quantum International Income Corp 16.5 Quantum International Income Corp of Canada agreed to acquire an undisclosed majority interest in Lucky Bucks Inc, a Norcross-based software publisher, for $16.5 million.
Indiana Business Bancorp Lizton Financial Corp 11.9 Lizton Financial Corp definitively agreed to acquire the entire share capital of Indiana-based Indiana Business Bancorp, for $7.25 in cash per share or a total of $11.861 million.
Prime Pacific Financial Services Inc Cascade Bancorp,Bend,Oregon 2.3 Cascade Bancorp definitively agreed to acquire the entire share capital of Prime Pacific Financial Services Inc, a Lynwood-based bank holding company, in a stock swap transaction valued at $USD 2.276 million. Cascade offered 0.3050 common shares per Prime share. Based on Cascade's closing stock price of $5.87 on 25 April 2016, the last full trading day prior to the announcement, each Prime share was valued at $1.79.
Memorial Production Partners GP LLC Memorial Production Partners LP 0.8 Memorial Production Partners LP agreed to acquire Memorial Production Partners GP LLC, a producer of crude petroleum and natural gas, for $0.75 million in cash from Memorial Resource Development Corp, ultimately owned by MRD Holdco LLC.
St. Jude Medical Inc Abbott Abs   Abbott Abs plans to acquire St. Jude Medical Inc, a Saint Paul-based manufacturer of navigational, measuring, electromedical and control Instruments.
Sweep Inc Affirm Inc   Affirm Inc acquired Sweep Inc, a San Francisco-based developer of personal finance management application. Terms were not disclosed.
Chevron Corp-Chevron Gulf of Mexico Assets American Midstream Partners LP   American Midstream Partners LP acquired an undisclosed majority ownership interest in the Gulf of Mexico assets of Chevron Corp, a San Ramon-based petroleum refinery operator. Concurrently, American Midstream acquired undisclosed minority stake in the assets and plans to acquire a minority stake in an undisclosed offshore natural gas pipeline. The three transactions have a combined value of an around $225 mil.
Pak Mail Centers of America Inc Annex Brands Inc   Annex Brands Inc acquired Pak Mail Centers of America Inc, a Centennial-based provider of mailbox service, parcel shipping and receiving, insurance, packaging, freight forwarding and other communications and information products and services, from Pak Mail Acquisition Corp. Terms were not disclosed.
Arizona Counseling & Treatment Services LLC Assurance HealthCare Inc   Assurance HealthCare Inc, a unit of Sinfonia HealthCare Corp, acquired Arizona Counseling and Treatment Services LLC, a provider of mental and physical healthcare services.
Brush Hill Realtors Inc Baird & Warner Real Estate Inc   Baird & Warner Real Estate Inc acquired Brush Hill Realtors Inc, a Hinsdale-based real estate agency.
Sitewise Corp CIVC Partners LP   CIVC Partners LP, a unit of Bank of America Corp, acquired Sitewise Corp, a Denver-based provider of support services for oil and gas operations, via a leveraged buyout transaction.
Flyers ASAP Inc Clash Graphics Co   Clash Graphics Co acquired Flyers ASAP Inc, an Atlanta-based provider of online printing services. Terms were not disclosed.
Valley Campus Pharmacy Inc Diplomat Pharmacy Inc   Diplomat Pharmacy Inc plans to acquire Valley Campus Pharmacy Inc, a Van Nuys-based provider of ambulatory health care services.
MIGS LLC DNA2.0 Inc   DNA2.0 Inc plans to acquire MIGS LLC, a Lebanon-based manufacturer of antibody and antibody-like molecules. Terms were not disclosed.
Global Resource Options Inc EDF Renewable Energy Inc   EDF Renewable Energy Inc, a unit of Electricite de France SA's subsidiary of EDF Energies Nouvelles SA , plans to acquire Global Resource Options Inc, doing business as groSolar, a Columbia-based manufacturer and wholesaler of large commercial- and utility-scale solar photovoltaic (PV) solutions.
OnRamp Systems Inc Elevate Services Inc   Elevate Services Inc acquired OnRamp Systems Inc, a law firm.
Rubber Fab Gasket & Molding Inc EnPro Industries Inc   EnPro Industries Inc acquired Rubber Fab Gasket & Molding Inc, a Sparta-based manufacturer and wholesaler of sanitary gaskets, hoses and fittings.
Seattle Mariners First Avenue Entertainment LLP   First Avenue Entertainment LLP plans to acquire an undisclosed majority interest in Seattle Mariners, a Seattle-based professional baseball team, from Nintendo of America Inc, ultimately owned by Nintendo Co Ltd. Terms were not disclosed and the transaction requires regulatory approval.
BioZone Laboratories Inc Flavor Producers Inc   Flavor Producers Inc plans to acquire BioZone Laboratories Inc, a Pittsburg-based manufacturer of pharmaceutical preparation, from International Surf Resorts Inc, owned by Biozone Pharmaceuticals Inc and MusclePharm Corp. Terms were not disclosed, but according to sources close to the matter, the deal is reported to be valued at $9.8 million.
Castleton Power LLC Fortistar LLC   Fortistar LLC agreed to acquire Castleton Power LLC, a Castleton-based gas-fired electric power generation facility operator, from Castleton Energy Center LLC, ultimately owned by Wayzata Investment Partners LLC.
The Warnock Agency Inc General Indemnity Group LLC   General Indemnity Group LLC, a unit of Boston Omaha Corp, acquired The Warnock Agency Inc, an Oakwood-based provider of surety bonds services. Terms were not disclosed.
growcameras.com GreenGro Technologies Inc   GreenGro Technologies Inc acquired growcameras.com, a developer of internet software.
Ripple Brand Collective LLC Hershey Co   Hershey Co acquired Ripple Brand Collective LLC, a Congers-based manufacturer of chocolate snacks. Terms were not disclosed.
FPX LLC HGGC LLC   HGGC LLC and the management of FPX acquired the entire share capital of FPX LLC, a Dallas-based software publisher, via a leveraged buyout transaction. Terms were not disclosed.
Carlson Hotels Holdings Inc HNA Tourism Group Co Ltd   HNA Tourism Group Co Ltd of China, a unit of HNA Group Co Ltd, agreed to acquire Carlson Hotels Holdings Inc, a Minnetonka-based owner and operator of hotels. Originally, Carlson was rumored to be seeking a buyer for the company in March 2016. AccorHotels and HNA Group were the rumored potential bidders back then.
ADI Strategies Inc-US Assets Huron Consulting Group Inc   Huron Consulting Group Inc plans to acquire the US assets of ADI Strategies Inc, a Viman Nagar-based provider of performance management, risk management, and business intelligence solutions.
Coastal North Town Center Inland Real Estate Income Trust Inc   Inland Real Estate Income Trust Inc acquired the Coastal North Town Center in North Myrtle Beach, South Carolina
STR Mechanical Inc Integrated Electrical Services Inc   Integrated Electrical Services Inc acquired an 80% interest in STR Mechanical Inc, a Charlotte-based provider of facilities support services.
HD Supply Interior Solutions Interior Specialists Inc   Interior Specialists Inc, a unit of Littlejohn & Co LLC, definitively agreed to acquire HD Supply Interior Solutions, an Atlanta-based provider of interior design services, from HDS Holding Corp's unit HD Supply Inc.
Chetrit Group LLC-Sony Tower Investor Group   An investor group, comprised of Duelguide PLC's unit Chelsfield Partners LLP and The Olayan Group planned to acquire the Sony Building of Chetrit Group LLC, a New York-based nonresidential property manager. Terms were not disclosed, but according to sources close to the matter, the deal is estimated to be valued at $1.3 billion.
Industrial Engine & Supply Inc Investor Group   An investor group, comprised of The PEP Boys-Manny Moe & Jack Inc (PEP) and its unit IEH Auto Parts LLC, doing business as Auto Plus, acquired Industrial Engine & Supply Inc, a Pittsburgh-based wholesaler of automotive aftermarket parts.
Uoriki Fresh Inc Itochu Corp   Itochu Corp of Japan agreed to raise its stake from 25% to 51% by acquiring an additional 26% stake in Uoriki Fresh Inc, a Secaucus-based producer and wholesaler of seafood products, from Uoriki Co Ltd.
NeoStrata Co Inc Johnson & Johnson   Johnson & Johnson plans to acquire NeoStrata Co Inc, a Princeton-based provider of research and development services in the cosmetic industry, from TriStrata Inc.
Unified Solutions Inc-Assets & Inventory Kem Krest Corp   Kem Krest Corp plans to acquire the assets & inventory of Unified Solutions Inc, a Pleasant Prairie-based provider of packaging and labeling services.
Curated Software Inc Litmus Software Inc   Litmus Software Inc acquired Curated Software Inc, a Cambridge-based developer of content curation tool. Terms were not disclosed.
MGA Consultants Inc National Investment Managers Inc   National Investment ManagersInc, a unit of Stonehenge Partners Inc, acquired the entire share capital of MGA Consultants Inc, an Ellicott City-based certified public accountant's office.
First Niagara Financial Group Inc-Branches(18) Northwest Bancshares Inc   Northwest Bancshares Inc definitively agreed to acquire the 18 branches of Buffalo-based First Niagara Financial Group Inc.
Diamond Crystal Brands Inc Peak Rock Capital LLC   Peak Rock Capital LLC definitively agreed to acquire Diamond Crystal Brands Inc, a Savannah-based producer of sauces, mixes and nutritional snacks, from Hormel Foods Corp via a leveraged buyout transaction.
Kicksend Holdings Inc Pocket Games Inc   Pocket Games Inc definitively agreed to acquire Kicksend Holdings Inc, a Mountain View-based developer of web, mobile and desktop applications.
SASCO Chemical Group Inc Polymer Solutions Group   Polymer Solutions Group, a unit of Arsenal Capital Partners LP, acquired Sasco Chemical Group Inc, an Albany-based manufacturer of chemical products.
HealthSouth Rehabilitation Hospital of Beaumont Post Acute Medical LLC   Post Acute Medical LLC, jointly owned by Vibra Healthcare LLC, Lonestar Healthcare LLC and BA Healthcare Holdings LLC, plans to acquire HealthSouth Rehabilitation Hospital of Beaumont, a Beaumont-based owner and operator of a hospital, from HealthSouth Corp. Upon completion, HealthSouth Beaumont will be renamed as PAM Rehabilitation Hospital of Beaumont.
South St Paul Truck Wash & Detail Center QualaWash Holdings LLC   QualaWash Holdings LLC, a unit of Roark Capital Management LLC, acquired St Paul Truck Wash & Detail Center, a South St Paul-based truck wash operator.
Gemvara Inc Richline Group Inc   Richline Group Inc, a unit of Berkshire Hathaway Inc, acquired Gemvara Inc, a Boston-based manufacturer and retailer of jewelry.
Freefall Sacunas   Sacunas acquired Freefall, a provider of marketing consulting services.
Silvergate Media Ltd Shamrock Partners Ltd   Shamrock Partners Ltd of the UK acquired an undisclosed majority interest in Silvergate Media Ltd, a New York-based media representative.
BCG & Co-Assets Sikich LLP   Sikich LLP plans to acquire the assets of BCG & Co, an Akron-based provider of audit and assurance, tax, technology and wealth management services.
Atmos Gathering Co LLC-Natural Gas Gathering & Transmission Pipelines Southern Kentucky Energy LLC   Southern Kentucky Energy LLC (SOKY) acquired the natural gas gathering and transmission pipelines of Atmos Gathering Co LLC, a Houston-based owner and operator of natural gas transmission pipelines, ultimately owned by Atmos Energy Corp. Concurrently, SOKY acquired 100 gas wells from Pioneer Oil Co Inc.
Pioneer Oil Co Inc-Producing Gas Wells(100) Southern Kentucky Energy LLC   Southern Kentucky Energy LLC (SOKY) acquired 100 gas wells of Pioneer Oil Co Inc, a Vincennes-based oil and gas exploration and produciton company. Concurrently, SOKY acquired the natural gas gathering and transmission pipelines of Atmos Gathering Co LLC.
ICC Mortgage Services The Federal Savings Bank,Chicago,Illinois   The Federal Savings Bank acquired ICC Mortgage Services, a Westbury-based provider of residential mortgage services. Terms were not disclosed.
Fehrman Tool & Die Inc The Velocity Group   The Velocity Group acquired Fehrman Tool & Die Inc, a Byesville-based manufacturer of metal forming machine tools.
Bradford & Marzec LLC Tortoise Credit Strategies LLC   Tortoise Credit Strategies LLC acquired Bradford & Marzec LLC, a Los Angeles-based investment advisor.
van der Hagen Enterprises Inc universal beauty products inc   universal beauty products inc acquired van der Hagen Enterprises Inc, a Liberty Hill-based manufacturer of beauty products
Advanced Processing & Imaging Inc Upland Software Inc   Upland Software Inc acquired Advanced Processing & Imaging Inc, a Boca Raton-based software publisher.
Halderman Real Asset Management LLC US Agriculture LLC   US Agriculture LLC merged with Halderman Real Asset Management LLC, an Indianapolis-based provider of investment advisory services. Terms were not disclosed.
Farrell & Associates Insurance Claims Services Inc-Assets VeriClaim Inc   VeriClaim Inc, a unit of Sedgwick Claims Management Services Inc, acquired the assets of Farrell & Associates Insurance Claims Services Inc, a Portland-based provider of claims administration services to insurance carriers, public entities, defense attorneys and self-insured companies.
BASF Corp-Polyolefin Catalyst Business WR Grace & Co   WR Grace & Co agreed to acquire the Polyolefin Catalyst business of BASF Corp, an Iselin-based manufacturer of chemicals and coatings, ultimately owned by BASF SE. Terms were not disclosed.
Twin-Star International Inc Z Capital Partners LLC   Z Capital Partners LLC, a unit of Z Capital Group LLC, acquired Twin-Star International Inc, a Delray Beach-based manufacturer of upholstered household furniture, from Trivest Partners LP via a secondary buyout transaction. Previously, Trivest acquired an undisclosed majoity in Twin-Star in a leveraged buyout transaction.
Cayenne Medical Inc Zimmer Biomet Holdings Inc   Zimmer Biomet Holdings Inc definitively agreed to acquire Cayenne Medical Inc, a Scottsdale-based manufacturer and provider of reconstruction solutions. Terms were not disclosed.
US M&A Deals Announced April 22 to 28, 2016      
Source: Thomson Reuters      

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