Target Acquirer Value ($millions) Synopsis
Hatteras Financial Corp Annaly Capital Management Inc 1,498.3 Annaly Capital Management Inc definitively agreed to acquire the entire share capital of Hatteras Financial Corp, a Winston Salem-based real estate investment trust, via a stock swap transaction valued at $1.498 billion through a tender offer. Annaly offered a choice of 1.5226 comon shares, $15.85 in cash or $5. 55 in cash and 0.9894 common shares per Hatteras share. Based on Annaly's closing stock price of $10.41 on 08 April 2016, the last full trading day prior to the announcement, each Hatteras share was valued at $15.85. The offer was conditioned upon at least 66.667% of Hatteras' shares being tendered.
Apple REIT Ten Inc Apple Hospitality REIT Inc 1,277.2 Apple Hospitality REIT Inc definitively agreed to acquire Apple REIT Ten Inc, a Richmond-based real estate investment trust, via a stock swap transaction valued at $1.277 bil. The consideration would consist of $94 million in cash, the assumption of $239 million in liabilities and the issuance of 49.1 million Apple Hospitality common shares collectively valued at $944.193 million. The shares were valued based on Apple Hospitality's closing stock price of $19.23 on 13 April 2016, the last full trading day prior to the announcement. Upon completion of the deal, Apple Hospitality and Apple REIT Ten would own 78% and 22% of the merged entity, respectively.
AssetMark Inc Huatai International Finance Ltd 780.0 Huatai International Finance Ltd of Hong Kong, a wholly-owned unit of Huatai Securities Co Ltd, agreed to acquire the entire share capital of AssetMark Inc, a Concord-based provider of investment and consulting services, for $780 million in cash from AqGen Liberty Acquisition Inc, a unit of AqGen Liberty Holdings LLC, ultimately owned by Aquiline Capital Partners LLC, and Genstar Captial LLC. Originally, in February 2016, AqGen was rumored to be seeking a buyer for AssetMark.
Tower Development Corp Crown Castle International Corp 461.0 Crown Castle International Corp acquired Tower Development Corp, a Sacramento-based wireless infrastructure operator, from Berkshire Partners LLC for an estimated $461 million in cash.
Oakwood Plaza,Hollywood,Florida Kimco Realty Corp 215.0 Kimco Realty Corp acquired the remaining 45% stake it previously did not own in Oakwood Plaza, a Hollywood-based shopping center operator, from its joint venture partner the state-owned Canada Pension Plan Investment Board for $215 million. The consideration consisted of $115 in cash and the assumption of $100 million in liabilities.
Alcoa Inc-Remmele Medical Business Lisi SA 102.0 Lisi SA of France definitively agreed to acquire Remmele medical business of Alcoa Inc, a New York-based manufacturer and wholesaler of aluminum products, for $102 mil.
Maxwell Technologies Inc-Microelectronics Product Line Data Device Corp 21.0 Data Device Corp, a unit of ILC Industries Inc, definitively agreed to acquire the microelectronics product line of Maxwell Technologies Inc, a San Diego-based manufacturer of electronic capacitors, for an estimated $21 million in cash.
Hydro Resources Inc Laramide Resources Ltd 12.5 Laramide Resources Ltd of Canada definitively agreed to acquire Hydro Resources Inc, a Crownpoint-based uranium mine operator, from Uranium Resources Inc for $12.5 million. The consideration would consist of $5.25 million in cash and $7.25 million in promissory note. The transaction would include Churchrock and Crownpoint properties.
Magnum Manufacturing LLC-Assets Minecorp Energy Ltd 11.0 Minecorp Energy Ltd of Canada signed a Letter of Intent to acquire assets of Magnum Manufacturing LLC, a Houston-based provider of oil services, for an estimated $11 million via the formation of a joint venture. Upon completion of the deal, Minecorp and Magnum would own 60% and 40% of the joint venture, respectively.
Novatel Wireless Inc-Assets Telit Communications PLC 11.0 Telit Communications PLC of the UK, a unit of Polar Investments Ltd, agreed to acquire assets of Novatel Wireless Inc, a San Diego-based manufacturer of wireless broadband access equipments, for an estimated $11 million. The consideration would consist of $11 million in cash and undisclosed amount in profit-related payments.
ViewCentral LLC-Assets Callidus Software Inc 4.0 Callidus Software Inc acquired the assets of ViewCentral LLC, a Campbell-based developer of web-based collaboration management software and solutions for development, training automation and learning management systems, for $4 million in cash. The target was ultimately owned by Rainmaker Systems Inc.
Creative Waste Solutions LLC Silverstar Resources Inc 0.0 Silverstar Resources Inc acquired the entire share capital of Creative Waste Solutions LLC, a Boca Raton-based provider of waste management solutions, for $0.025 million.
Mainspring Healthcare Solutions Inc Accruent LLC   Accruent LLC, a unit of TA Associates Management LP, acquired Mainspring Healthcare Solutions Inc, a Waltham-based provider of hospital operations management solutions.
Advanced Gaming Associates LLC AG&E Holdings Inc   AG&E Holdings Inc, through an undisclosed subsidiary, definitively agreed to acquire the entire share capital of Advanced Gaming Associates LLC, a Hammonton-based provider of gaming floor services. Upon completion of the deal, the merged entity would be named as AG&E Holdings Inc.
Kovatch Mobile Equipment Corp Allied Specialty Vehicles Inc   Allied Specialty Vehicles Inc acquired Kovatch Mobile Equipment Corp, a Nesquehoning-based manufacturer of automobiles.
AcclaimIP LLC Anaqua Inc   Anaqua Inc acquired AcclaimIP LLC, an Austin-based software publisher.
Marotta Gund Budd & Dzera LLC Ankura Consulting Group LLC   Ankura Consulting Group LLC acquired Marotta Gund Budd & Dzera LLC, a New York-based provider of turnaround and restructuring advisory services.
Charles Allen Agency Inc Arthur J Gallagher & Co   Arthur J Gallagher & Co acquired Charles Allen Agency Inc, a Waite Park-based provider of insurance and bonding services. Terms were not disclosed.
Insurance Plans Agency Inc Arthur J Gallagher & Co   Arthur J Gallagher & Co acquired Insurance Plans Agency Inc, a South Barrington-based provider of retail insurance brokerage services. Terms were not disclosed.
Sage Environmental Consulting LP ATC Group Services LLC   ATC Group Services LLC acquired Sage Environmental Consulting LP, a Austin-based provider of technical consulting services. Terms were not disclosed.
Dexter Field Services LP ATC Group Services LLC   ATC Group Services LLC acquired Dexter Field Services LP, an Austin-based government administration establishment for air and water resource and solid waste management.
HALO Branded Solutions Inc Audax Group LP   Via a leveraged buyout transaction, Audax Group LP plans to acquire HALO Branded Solutions Inc, a Sterling-based online retailer, from Halo Holding Corp, ultimately owned by Candlelight Investment Holdings Inc.
Netting & Pace Inc Exencial Wealth Advisors   Exencial Wealth Advisors acquired Netting & Pace Inc, a San Antonio-based provider of accounting and wealth management services.
Kilgore National Bank,Kilgore,Texas Citizens National Bank, Paintsville,Kentucky   Citizens National Bank agreed to acquire Kilgore-based Kilgore National Bank. Terms were not disclosed.
Peabody Energy Corp Creditors   Peabody Energy Corp, a St. Louis-based Provider of coal mining services, is planning a debt restructuring transaction with Creditors (CRs). The book value of the existing debt that will be exchanged under the terms of the offer is $8.8 bil. Originally, in August 2015, Peabody was rumored to be planning a debt restructuring transaction.
Caligor Rx Inc Diversis Capital LLC   Diversis Capital LLC acquired Caligor Rx Inc, a Secaucus-based drug store operator, via a leveraged buyout transaction. Terms were not disclosed.
Prizm LLC ExamWorks Group Inc   ExamWorks Group Inc acquired Prizm LLC, a Marlton-based provider of medical management services.
pixels2Pages Forever Inc   Forever Inc acquired pixels2Pages, a provider of digital scrapbook training services.
CORPAK MedSystems Inc Halyard Health Inc   Halyard Health Inc plans to acquire CORPAK MedSystems Inc, a Bufalo Grove-based manufacturer of medical instruments, from Linden LLC. Terms were not disclosed, but according to sources close to the transaction, the deal is estimated to be valued at $174 mil.
Fomo Products Inc ICP Group   ICP Group, a unit of Audax Group LP, acquired Fomo Products Inc, a Barberton- based manufacturer of low pressure one- and two-component polyurethane foam sealant and adhesives products.
Republic Parking System Inc Imperial Parking Corp   Imperial Parking Corp of Canada, a unit of Imperial Parking Management LLC, acquired Republic Parking System Inc, a Chattanooga-based parking lot and garage operator.
Alpine Insulation Co Inc Installed Building Products Inc   Installed Building Products Inc acquired Alpine Insulation Co Inc, a Menomonee Falls-based manufacturer of fiber boxes.
Tanglewood Pavilions Shopping centure IRC Retail Centers Inc   IRC Retail Centers Inc, a unit of DRA Advisors LLC, acquired Tanglewood Pavilions Shopping centure, an Elizabeth-based lessor of nonresidential buildings.
Lexon Surety Group LLC Ironshore Inc   Ironshore Inc of Bermuda, a unit of Fosun International Ltd, plans to acquire the remaining 80% interest it does not already own in Lexon Surety Group LLC, a Mt. Juliet-based insurance agency.
Van Dyke Technology Group Inc Jacobs Engineering Group Inc   Jacobs Engineering Group Inc acquired Van Dyke Technology Group Inc, a Columbia-based provider of computer systems design services.
Ingenious Inc John Wood Group PLC   John Wood Group PLC of the UK acquired Ingenious Inc, a Houston-based provider of proprietary software and consulting services, from Lante Corp.
ABCO Graphics & Printing Inc Kelly McKnight Goelz   Kelly McKnight Goelz acquired ABCO Graphics & Printing Inc, an Odessa-based provider of design, printing, and mailing services.
Pinnacle Architectural Lighting Inc Legrand North America Inc   Legrand North America Inc, a unit of Legrand SA, plans to acquire Pinnacle Architectural Lighting Inc, a Denver-based manufacturer of current-carrying wiring devices.
Jaybird LLC Logitech International SA   Logitech International SA of Switzerland plans to acquire Jaybird LLC, a Salt Lake-based manufacturer of telephone apparatuses. Terms were not disclosed, but according to sources close to the transaction, the deal is estimated to be valued at $50 mil.
Catalent Inc Lonza Group AG   Lonza Group AG of Switzerland is rumored to be planning to acquire the entire share capital of Catalent Inc, a Somerset-based manufacturer of pharmaceuticals.
InsideValuation Partners LLC LRES Corp   LRES Corp acquired InsideValuation Partners LLC, a Reno-based real estate agency.
Docudesk Inc Lulu Software   Lulu Software of Canada acquired Docudesk Inc, a Dallas-based software publisher.
Maher Terminals LLC Macquarie Infrastructure Partners III   Macquarie Infrastructure Partners III of Australia, a unit of Macquarie Infrastructure & Real Assets, plans to acquire the entire share capital of Maher Terminals LLC, a Berkeley Heights-based provider of deep sea freight transportation services, from RREEF Infrastructure, owned by RREEF Alternative Investments.
Autoclave Testing Service Inc Mesa Laboratories Inc   Mesa Laboratories Inc acquired Autoclave Testing Service Inc, a Pearl River-based provider of spore testing services.
Clocktower Media Inc Metova Inc   Metova Inc acquired Clocktower Media Inc, a Kirkland-based provider of computer systems design services.
Enpro Holdings Group Inc National Response Corp   National Response Corp, a unit of NRC US Holding Company LLC, acquired Enpro Holdings Group Inc, a Franklin-based provider of hazardous waste treatment and disposal services.
Ontodia Inc OpenGov Inc   OpenGov Inc acquired Ontodia Inc, an internet service provider.
OpenSpan Inc Pegasystems Inc   Pegasystems Inc acquired OpenSpan Inc, an Alpharetta-based developer of robotic process automation (RPA) and workforce analytics software.
Dog-a-holics Inc Pet Stuff LLC   Pet Stuff LLC, a unit of Bentley's Corner Bakery Ltd, acquired Dog-a-holics Inc, a Chicago-based pet store operator.
Kit CRM Inc Shopify Inc   Shopify Inc of Canada agreed to acquire Kit CRM Inc, a San Francisco-based developer of virtual marketing application.
SafeWire LLC-Product Portfolio Stryker Corp   Stryker Corp acquired product portfolio of SafeWire LLC, a Cooper City-based manufacturer of surgical wires and needles. The transaction included Y-Wire guidewire and Tiger Jamshidi Needle Family.
Madrigal Pharmaceuticals Inc Synta Pharmaceuticals Corp   Synta Pharmaceuticals Corp plans to acquire the entire share capital of Madrigal Pharmaceuticals Inc, a Fort Washington-based health practitioner's office operator.
Quantum Data Inc Teledyne LeCroy Inc   Teledyne LeCroy Inc, a unit of Teledyne Technologies Inc, agreed to acquire Quantum Data Inc, an Elgin-based designer and manufacturer of video test generators. Terms were not disclosed.
Hall Street Time Out Group Ltd   UK's Time Out Group Ltd, a unit of Oakley Capital Private Equity LP, acquired Hall Street, a San Jose-based travel agency operator.
The Packaging Design Group TricorBraun Inc   TricorBraun Inc, a unit of CHS Capital LLC, acquired The Packaging Design Group, a Hunt Valley-based provider of packaging and labeling services.
Food Genius Inc US Foods Inc   US Foods Inc acquired Food Genius Inc, a Chicago-based distillery.
Pepper Lawson Construction LP Webber LLC   Webber LLC, a unit of Ferrovial SA, acquired Pepper Lawson Construction LP, a Houston-based construction company.
Louisiana Oil and Gas Properties West Texas Resources Inc   West Texas Resources Inc signed a Letter of Intent to acquire Louisiana Oil and Gas Properties, a manufacturer of rubber products.
Advanced Medical Group Inc-Certain Assets Wilmington Medical Supply Inc   Wilmington Medical Supply Inc, a unit of WPI Holdings Inc, acquired certain assets of Advanced Medical Group Inc, a Suwanee-based wholesaler of urological supplies. Terms were not disclosed.
Evans Food Group Ltd Wind Point Partners   Wind Point Partners acquired Evans Food Group Ltd, a Chicago-based producer of pork rinds and pork pellets, via a leveraged buyout transaction.
DASAN Network Solutions Inc Zhone Technologies Inc   Zhone Technologies Inc definitively agreed to acquire the entire share capital of DASAN Network Solutions Inc, a Suwanee-based developer of software, from DASAN Networks Inc.
US M&A Deals Announced April 8 to 14, 2016      
Source: Thomson Reuters      

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.