TargetAcquirerValue ($millions)Synopsis
EPL Oil & Gas IncEnergy XXI (Bermuda) Ltd1,560.1Energy XXI (Bermuda) Ltd (Energy) of Bermuda, definitively agreed to acquire the entire share capital of EPL Oil & Gas Inc (EPL), a Houston-based oil and gas exploration and production company, in a stock swap transaction valued at $1.56 billion. Energy offered 1.669 ordinary shares per EPL share. Based on Energy's closing stock price of $23.37 on 11 March 2014, the last full trading day prior to the announcement, each EPL share was valued at $39.005. Alternatively, Energy offered $39 in cash per share or a combination of $25.35 in cash per share and 0.584 ordinary shares per EPL share. Upon completion, Energy and EPL were to hold 77% and 23% in the merged entity, respectively.
Renaissance Learning IncHellman & Friedman LLC1,100.0Hellman & Friedman LLC definitively agreed to acquire an undisclosed majority interest in Renaissance Learning Inc (Renaissance), a Wisconsin Rapids-based developer of educational and learning software, from Raphael Acquisition Corp (Raphael), for $1.1 billion in cash, in a secondary buyout transaction. Previously, Raphael acquired Renaissance, in a leveraged buyout transaction.
National Pump & Compressor LtdUnited Rentals Inc905.0United Rentals Inc definitively agreed to acquire National Pump & Compressor Ltd, a Beaumont-based wholesaler of industrial pumps, compressors, dryers and related equipments, for an estimated $905 million. The consideration was to consist of an estimated $765 million in cash, the issuance of $15 million in United Rentals common shares and up to $125 million in profit-related payments. The transaction was to include Canadian Pump & Compressor Ltd, GulfCo Industrial Equipment LP, and LD Services LLC.
Freedom Group IncGlobal Digital Solutions Inc865.8Global Digital Solutions Inc (GDSI) signed a Letter of Intent {LoI} to acquire the entire share capital of Freedom Group Inc (Freedom), a Madison-based manufacturer and wholesaler of firearms and ammunition equipment, from Cerberus Capital Management LP (Cerberus), for $865.783 million. GDSI offered $0.004 million in cash and 1000 GDSI new common shares per Freedom share. Based on GDSIs closing stock price of $0.705 on 10 March 2014, the last full trading day prior to the announcement, each Freedom share was valued at $705. Originally, in December 2012, Cerberus announced that it was seeking a buyer for its Freedom Group Inc. Smith & Wesson Holding Corp and Sturm Ruger & Co was named potential bidder. Concurrently, GDSI signed a Letter of Intent {LoI} to acquire an undisclosed military and law enforcement equipment company and an undisclosed product technology and development services company.
Cloverhill Pastry-Vend LLCAryzta AG673.0Aryzta AG (Aryzta) of Switzerland agreed to acquire the entire share capital of Cloverhill Pastry-Vend LLC, a Chicago-based producer, wholesaler, and retailer of baked products, from Cloverhill Holdings LLC, for $673.044 million. Concurrently, Aryzta agreed to acquire the entire share capital of Pineridge Bakery Inc.
LiveTV LLCThales Avionics Inc400.0Thales Avionics Inc, a unit of Thales SA, agreed to acquire the entire share capital of LiveTV LLC, a Melbourne-based provider of in-flight entertainment and connectivity services, from JetBlue Airways Corp, for $400 million in cash.
Thermo Fluids IncVeroLube USA Inc175.0VeroLube USA Inc (VeroLube USA), a unit of VeroLube Inc, definitively agreed to acquire Thermo Fluids Inc, a Scottsdale-based provider of environmental and waste recycling services, from Nuverra Environmental Solutions Inc's TFI Holdings Inc subsidiary, for $175 million. The consideration was to consist of $165 million in cash and $10 million in VeroLube USA common stock.
Capri Packaging IncTranscontinental Inc133.0Transcontinental Inc of Canada definitively agreed to acquire Capri Packaging Inc, a Clinton-based manufacturer of flexible packaging products, from Schreiber Foods Inc, for $133 million.
Northwestern Bancorp IncChemical Financial Corp120.0Chemical Financial Corp definitively agreed to acquire the entire share capital of Northwestern Bancorp Inc, a Traverse City-based bank holding company, for $120 million in cash.
Medegen Medical Products LLCMedira Inc75.0Medira Inc definitively agreed to acquire Medegen Medical Products LLC, a Gallaway-based manufacturer, developer, and marketer of disposable medical products, from Medical Action Industries Inc, for an estimated $75 million. The transaction was to include certain other assets of Medical Actions Patient Care business unit.
Sleep Experts Partners LPMattress Firm Inc65.0Mattress Firm Inc, a unit of Mattress Firm Holding Corp (MFH), agreed to acquire the entire share capital of Sleep Experts Partners LP, a Carrollton-based retailer of mattresses, from Christopher T. Cook and Sleep Xperts Inc, for an estimated $65 million. The consideration was to consist of $61.75 million in cash and $3.25 million in third party MFH common shares.
Springleaf-Mortgage LoansNew Residential Invest Corp63.0New Residential Investment Corp planned to acquire the non-agency residential mortgage loans of Springleaf Financial Corp, a provider of financing services, for an estimated $63 mil, based on the standard capitalization rate of 7%.
TownGate CenterBrixton Capital LP50.0Brixton Capital LP acquired TownGate Center, a Moreno Valley-based owner and operator of shopping centers, for $49.971 in cash, from Fritz Duda Co and Walton Street Capital LLC, in a leveraged buyout transaction.
Value Lighting IncRevolution Lighting Technologies Inc39.1Revolution Lighting Technologies Inc (Revolution) definitively agreed to acquire the entire share capital of Value Lighting Inc, a Marietta-based wholesaler of lighting fixtures & ceiling fans, for $39.1 million. The consideration was to consist of an estimated $7. 5 million in cash, $28.1 million in Revolution common shares, and the assumption of $3.5 million in liabilities.
Bhang Chocolate Co IncMentor Capital Inc39.0Mentor Capital Inc acquired a 60% interest in Bhang Chocolate Co Inc, a producer of medicated chocolate bars, for $39 mil, in a leveraged buyout transaction.
Houston International Insurance Group LtdWestaim HIIG LP38.7Westaim HIIG LP of Canada, a unit of Westaim Corp, agreed to raise its interest to 67.1% from 42.5% by acquiring a further 24.6% in Houston International Insurance Group Ltd (HIIG), a Houston-based provider of insurance services, for an estimated $38.7 million. Concurrently, Westaim HIIG agreed to acquire a 42.5% stake in HIIG.
Coastal Bankshares IncAmeris Bancorp36.7Ameris Bancorp definitively agreed to merge with Coastal Bankshares Inc, a Savannah-based bank holding company, for an estimated $36.7 million in Ameris common shares.
Red Rock Gathering Co LLCGrand River Gathering LLC19.8Grand River Gathering LLC, a wholly-owned unit of Energy Capital Partners LLC's (EPC) 73.1%-owned subsidiary, agreed to acquire the entire share capital of Red Rock Gathering Co LLC (Red Rock), a provider of natural gas gathering and processing services, from Summit Midstream Partners LLC, a 93. 5%-owned unit of EPC, for $19.825 million in cash. The consideration was prorated at 6%, based on the percentage not held in Red Rock by EPC.
DAX LLCPrime Focus Technologies Ltd9.1Prime Focus Technologies Ltd of India, a unit of Prime Focus Ltd, definitively agreed to acquire DAX LLC, a Culver City-based developer of application software, from Sample Digital Holdings LLC, for $9.1 million.
Separation Technology IncEKF Diagnostics Holdings PLC4.0EKF Diagnostics Holdings PLC of the UK acquired Separation Technology Inc, a Sanford-based manufacturer of medical apparatuses, from Thermo Fisher Scientific Inc, for $4 million in cash.
30DC Inc-The Immediate EdgeRaine Ventures LLC1.430DC Inc divested its The Immediate Edge business unit, a provider of subscription-based Internet education program to Raine Ventures LLC, in exchange for 10.560 million 30DC Inc common shares valued at $1.373 million. The shares were valued based on 30DC Inc's closing stock price of $0.13 on 10 March 2014, the last full trading day prior to the announcement.
Merom WaterIndiana American Water Co Inc0.4Indiana American Water Co Inc, a unit of American Water Works Co Inc, Merom Water, an Indiana-based municipal water utility, for $0.39 million.
Joerns Healthcare Inc-Furnishings BusinessAkin Industries Akin Industries acquired the furnishings business of Joerns Healthcare Inc and a majority owned unit of Quad-C Management Inc. Terms were not disclosed.
Kel-Tech IncArsenal Capital Partners LP Arsenal Capital Partners LP (Arsenal) acquired Kel- Tech Inc, a Midland-based manufacturer of specialty chemicals, in a leveraged buyout transaction. Concurrently, Arsenal acquired Danlin Industries Corp.
Danlin Industries CorpArsenal Capital Partners LP Arsenal Capital Partners LP (Arsenal) acquired Danlin Industries Corp, a Thomas-based manufacturer of chemicals to the oil and gas industry, from Hastings Equity Partners LLC, in a leveraged buyout transaction. Concurrently, Arsenal acquired Kel-Tech Inc.
Party of 2 LLCAzoff MSG Entertainment Azoff MSG Entertainment, a joint-venture between Azoff Music Management and Madison Square Garden Co, acquired a 50% interest in Party of 2 LLC, doing business as Pro2Life, a New York-based music agency and a provider of marketing services. Terms were not disclosed.
Summit Marine Services-AssetsCharter Brokerage Corp BakerHostetler corp, a majority owned unit of Arsenal Capital Partners LP, acquired assets of Summit Marine Services, provides heavy construction services.
NII Holdings IncCreditors NII Holdings Inc, a Reston-based provider of wireless telecommunication services, planned to a debt restructuring transaction with Creditors.
zuuka IncCupcake Digital Inc Cupcake Digital Inc acquired zuuka Inc, a Santa Barbara-based developer of digital children media software for mobile devices.
TapRide LLCDoubleMap LLC DoubleMap LLC acquired TapRide LLC, an Orlando-based developer of ride hailing and dispatching software. Terms were not disclosed.
ReamCo IncDrilling Tools International Drilling Tools International acquired ReamCo Inc, a Broussard-based manufacturer of downhole drilling tools and accessories. Terms were not disclosed.
SunTek Holding Co IncEastman Chemical Co Eastman Chemical Co definitively agreed to acquire SunTek Holding Co, dba Commonwealth Laminating & Coating Inc, a Martinsville-based manufacturer and wholesaler of window film products, from Fenway Partners LLC and Transportation Resource Partners LP. Terms were not disclosed.
Marlen International IncFischbein LLC Fischbein LLC, a unit of Odyssey Investment Partners LLC, acquired Marlen International Inc, an Overland Park-based manufacturer of processing equipments, from Pfingsten Partners LLC. Terms of the deal were not disclosed.
GemGroup IncGaming Partners International Corp Gaming Partners International Corp signed a Letter of Intent {LOI} to acuire GemGroup Inc, a Delaware-based manufacturer of casino currency, cards and table layouts. Terms were not disclosed.
Software Advice IncGartner Inc Gartner Inc acquired Software Advice Inc, an Austin-based provider of software research services. Terms were not disclosed.
Green Throttle GamesGoogle Inc Google Inc acquired Green Throttle Games, a Santa Clara-based developer of games software. Terms were not disclosed.
Central Environmental Services LLCHarbert Private Equity Fund Harbert Private Equity Fund III LP, a unit of Harbert Management Corp, acquired an undisclosed majority interest in Central Environmental Services LLC, a Washington-based provider of environmental and industrial consulting services, in a leveraged buyout transaction.
SERENA Software IncHGGC LLC HGGC LLC definitively agreed to acquire Serena Software Inc (Serena), a Redwood City-based developer of software, in a secondary buyout transaction. Previously, Silver Lake acquired Serena, in a leveraged buyout transaction. Originally, In September 2013, Silver Lake Management LLC (Silver Lake), was rumored to be seeking a buyer for its Serena. Attachmate Corp was named as potential bidder.
AED Group LLCHolland Services LLC Holland Services LLC acquired AED Group LLC, a Denver-based provider of oil and gas support services.
Institutional Shareholder Services IncInsight Venture Partners LLC Insight Venture Partners LLC was rumored to be planning to acquire Institutional Shareholder Services Inc, a unit of MSCI Incs Riskmetrics Group Inc subsidiary, a Rockville-based provider of proxy research services. Terms were not disclosed but, according to people familiar with the transaction, the deal was valued at an estimated $300 million.
ProTel NetworksIntegra Telecom Inc Integra Telecom Inc acquired ProTel Networks, a Salt Lake City-based provider of unified communications managed services. Terms were not disclosed.
Accuvant IncInvestor Group An investor group, led by Blackstone Group LP (Blackstone), including the management of Accuvant Inc (Accuvant) and existing shareholders of Sverica International LLC (Sverica), definitively agreed to acquire an undisclosed majority interest in Accuvant, a Denver-based developer of security software, from Sverica, in a secondary buyout transaction. Originally, in March 2014, Blackstone was rumored to be planning to acquire an undisclosed majority interest in Accuvant. Previously, Sverica acquired an undisclosed majority interest in Accuvant, in a leveraged buyout transaction.
311 South Wacker,ChicagoInvestor Group An investor group comprised of China Cinda Asset Management Co Ltd and Zeller Realty Group was rumored to be planning to acquire 311 South Wacker, a Chicago-based owner and operator of office building. Terms were not disclosed but, according to people familiar with the transaction, the deal was valued at an estimated $300 million.
North American Merchant Services IncInvestor Group An investor group comprised of Altpoint Capital Partners LLC, and ANARAQ Holdings LLC, a private equity fund, led by Altpoint Capital Partners LLC, acquired the entire share capital in North American Merchant Services Inc, an Asheville-based provider of electronic payment services.
Phoenix Age IncKabam Inc Kabam Inc acquired Phoenix Age Inc, a San Francisco-based developer of social and mobile game platforms.
On Point Technology IncLakeshore Capital Partners LLC Lakeshore Capital Partners LLP acquired the entire share capital of On Point Technology Inc, a software development company.
Millard Refrigerated Services IncLineage Logistics Holdings LLC Lineage Logistics Holdings LLC definitively agreed to acquire Millard Refrigerated Services Inc, an Omaha-based provider of refrigerating and distribution services. Terms were not disclosed but, according to people familiar with the transaction, the deal was valued at an estimated $1 billion.
Industrial Defender IncLockheed Martin Corp Lockheed Martin Corp definitively agreed to acquire Industrial Defender Inc, a Foxborough-based developer of cyber security software.
Moxie USA LLCMoxie Consumer Products LLC Moxie Consumer Products LLC, a unit of Rocky Mountain Chocolate Factory Inc's U- Swirl International Inc subsidiary, acquired Moxie USA LLC, a Henderson-based wholesaler of beverages, toppings, and other consumer products.
WorkWell IncNextImage Medical Inc NextImage Medical Inc acquired WorkWell Inc, a Duluth-based provider of prevention and treatment solutions services. Terms were not disclosed.
Dominion Resources Inc-Retail Electric BusinessNRG Energy Inc NRG Energy Inc agreed to acquire the retail electric business, located in Virginia, of Dominion Resources Inc, a Richmond-based electricity and gas utility holding company. Terms were not disclosed.
BMW of GreenwichPenske Automotive Group Inc Penske Automotive Group Inc acquired BMW of Greenwich, a Greenwich-based owner and operator of new and used automobile dealership.
Capital Processing Network LLCPivotal Payments Inc Pivotal Payments Inc acquired Capital Processing Network LLC, a Phoenix-based provider of credit card processing services.
United Welding Supplies LLCPraxair Inc Praxair Inc (Praxair) acquired United Welding Supplies LLC, a Houston-based wholesaler and distributor of gas and welding products. Terms were not disclosed. Concurrently, Praxair acquired Best Welders Supply Inc.
Best Welders Supply IncPraxair Inc Praxair Inc (Praxair) acquired Best Welders Supply Inc, a Tulsa-based wholesaler and distributor of welding supplies. Terms were not disclosed. Concurrently, Praxair United Welding Supplies LLC.
Mi Canna LabsPropel Management Group Inc Propel Management Group Inc, a unit of IDS Industries Inc, agreed to acquire Mi Canna Labs, a Haslett-based provider of medical marijuana testing services.
AVC Venture Capital Group IncPTS Inc PTS Inc signed a Letter of Intent {LoI} to acquire AVC Venture Capital Group Inc, a US-based venture capital firm.
Summit Health IncQuest Diagnostics Inc Quest Diagnostics Inc definitively agreed to acquire Summit Health Inc, a Novi-based provider of healthcare services. Terms of the deal were not disclosed.
Seadrill Ltd-West AurigaSeadrill Capricorn Holdings LLC Seadrill Capricorn Holdings LLC of the UK, a majority-owned unit of Seadrill Partners LLC, a unit of Seadrill Ltd, agreed to acquire the West Auriga drillship of Seadrill Ltd, a Stavanger-based provider of offshore drilling services. Terms were not disclosed.
FMC Corp-Nutrition SegmentShareholders FMC Corp, a Philadelphia-based manufacturer of chemicals and automated processing equipment, planned o spin off its Agricultural Solutions and Health & Nutrition segments unit, to its shareholders.
American Realty Capital Properties Inc -Shopping CtrShareholders American Realty Capital Properties Inc (ARCP), a New York-based real estate investment trust, planned to spin off its shopping center business unit (ARCenter), to its shareholders. ARCP common shareholders were to receive 0.1 common share per ARCenter share held. Upon completion, the spun off entity was to be named American Realty Capital Centers Inc.
SMARTBOX Portable Self Storage LLCSIRVA Inc Sirva Inc acquired SMARTBOX Portable Self Storage LLC, a Virginia-based portable moving and storage services company. Terms were not disclosed.
SaaS MarketsSysxnet Ltd Sysxnet Ltd acquired SaaS Markets, a San Mateo-based developer of business applications software. Terms were not disclosed.
ECi Software SolutionsThe Carlyle Group LP The Carlyle Group acquired ECi Software Solutions, a Fort Worth-based designer and developer of e- commerce software. Terms were not disclosed.
HotCloud Mobile IncUSEI Cannabis Initiatives Corp USEI Cannabis Initiatives Corp, a subsidiary of US Energy Initiatives Corp, planned to acquire an undisclosed majority stake in HotCloud Mobile Inc, a Burbank-based supplier of wireless products and services. Terms were not disclosed.
Velocity Medical Solutions-Certain AssetsVarian Medical Systems Inc Varian Medical Systems Inc agreed to acquire the certain assets of Velocity Medical Solutions LLC, an Atlanta-based manufacturer of radiation treatment tools. Terms were not disclosed.
Maker Studios IncWalt Disney Co Walt Disney Co was rumored to be planning to acquire Maker Studios Inc, a Los Angeles-based provider of digital content production and distribution services.
Capacity Provisioning IncWaveDivision Holdings LLC WaveDivision Holdings LLC, a unit of Sandler Capital Management, acquired Capacity Provisioning Inc, a Port Angeles-based manufacturer of fiber optic cables.
Source: Thomson Reuters   

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