Weekly wrap: Butterfly, Siris Capital, Symplr

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Target Acquirer Value ($millions) Synopsis
Anadarko Petroleum Corp Chevron Corp 47814.3 Chevron Corp (Chevron) definitively agreed to acquire the entire share capital of Anadarko Petroleum Corp (Anadarko), a The Woodlands-based oil and gas exploration and production company, for a total $47. 814 billion. Chevron offered $16.25 in cash and 0.3869 common share per Anadarko common share, and the assumption of $15 billion in liabilities. Based on Chevron's closing stock price of $125.99 on 11 April 2019, the last full trading day prior to the announcement, each Anadarko share was valued at $64.996.
Advanced Disposal Services Inc Waste Management Inc 4897.7 Waste Management Inc (Waste Management) definitively agreed to merge with Advanced Disposal Services Inc (Advanced Disposal), a Ponte Vedra-based provider of non- hazardous solid waste collection, transfer and disposal services, from the Canadian state-owned Canada Pension Plan Investment Board (19%) and other shareholders, for a total value of $4. 898 billion. The consideration was to consist of $33.15 in cash per Advanced Disposal share and the assumption of $1.9 billion in liabilities. Originally, in April 2019, Waste Management was rumored to be planning to acquire the entire share capital of Advanced Disposal.
Epsilon Data Management LLC Publicis Groupe SA 4400.0 Publicis Groupe SA of France definitively agreed to acquire Epsilon Data Management LLC (Epsilon), an Irving-based provider of loyalty and marketing campaign services, from Alliance Data Systems Corp (Alliance), for an estimated $4.4 billion in cash. Originally, in November 2018, Alliance announced that it was seeking a buyer for its Epsilon unit.
Electronics For Imaging Inc Siris Capital Group LLC 1777.0 Siris Capital Group LLC definitively agreed to acquire the entire share capital of Electronics For Imaging Inc, a Fremont-based manufacturer and wholesaler of digital printers, for $37 in cash per share, or a total value of $1.777 bil, in a leveraged buyout transaction.
Acreage Holdings Inc Canopy Growth Corp 1584.0 Canopy Growth Corp (Canopy) of Canada definitively agreed to acquire the entire share capital of Acreage Holdings Inc (Acreage), manufacturer of medical cannabis, for an estimated $1.584 bil, in a stock swap transaction, via scheme of arrangement. The consideration was to consist of $2.55 in cash per share, or a total $112.899 million and 0.5818 Canopy common shares per Acreage share. The shares were valued based on the Canopy's closing stock price of $57.11 on 17 April 2019, the last full trading day prior to the announcement.
Cloverleaf Cold Storage Co Inc Americold Realty Trust 1241.5 Americold Realty Trust definitively agreed to acquire Cloverleaf Cold Storage Co Inc (Cloverleaf), a Sioux City-based provider of refrigerated warehousing and storage services, from Blackstone Group LP, Cloverleaf's management and other shareholders, for $1. 242 billion in cash.
Paragon Bioservices Inc Catalent Inc 1200.0 Catalent Inc definitively agreed to acquire the entire share capital of Paragon Bioservices Inc (Paragon), a Baltimore-based provider of biotechnology research and development services, from Camden Partners Holdings LLC (Camden), a unit of Wilmington Trust Corp, Wilmington,Delaware (Wilmington) and NewSpring Capital Inc (NewSpring), for $1.2 billion in cash. Originally, Catalent was rumored to be planning to acquire the entire share capital of Paragon.
Wm Bolthouse Farms Inc Butterfly Equity LP 510.0 Butterfly Equity LP definitively agreed to acquire Wm Bolthouse Farms Inc (WM), a Bakersfield-based vegetable farming establishment, from Campbell Soup Co (Campbell), for an estimated $510 million in cash, in a leveraged buyout transaction.. Originally, in December 2018, Campbell was rumored to be seeking a buyer for its WM unit.
Smart & Final Stores Inc Apollo Global Management LLC 497.4 Apollo Global Management LLC, a unit of BRH Holdings GP Ltd, launched its tender offer to merge with Smart & Final Stores Inc (Smart & Final), a Commerce-based retailer, for $6.50 in cash per share, or a total value of $497.409 million in cash, in a leveraged buyout transaction. The offer was conditioned upon at least a majority of Smart & Final's shares being tendered. Upon completion, Smart & Final common shares were to be delisted in the New York Stock Exchange. Originally, in February 2019, Smart & Final was rumored to be seeking a buyer for the company.
Envigo International Holdings Inc-Nonclinical Research Services Business Covance Inc 485.0 Covance Inc, a unit of Laboratory Corp of America Holdings, agreed to acquire nonclinical research services business of Envigo International Holdings Inc, an East Millstone-based provider of research and development services, for $485 million in cash.
American Railcar Industries Inc-Manufacturing Business Greenbrier Cos Inc 430.0 Greenbrier Cos Inc definitively agreed to acquire manufacturing business of American Railcar Industries Inc, a St. Charles-based manufacturer of railroad rolling stock, owned by STL Parent Corp, for an estimated $430 million. The consideration was to consist of $380 million in cash and $30 million in notes.
Salesforce.org Salesforce.com Inc 300.0 Salesforce.com Inc planned to acquire the entire share capital of Salesforce. org, a San Francisco-based software publisher, for $300 mil.
Advanced Diagnostics Group-Imaging Centres(27) Akumin Inc 214.0 Akumin Inc of Canada agreed to acquire 27 Imaging Centres of Advanced Diagnostics Group, a Tampa-based diagnostic imaging center operator, for a total $214 million. The consideration was to consists of $189 million in cash and $25 million in common shares.
AngioDynamics Inc-NAMIC Fluid Management Business Medline Industries Inc 167.5 Medline Industries Inc definitively agreed to acquire NAMIC Fluid Management Business of AngioDynamics Inc, a Latham-based manufacturer of navigational, measuring, electromedical and control Instruments, for a total $167.5 mil.
OCL Financial Services LLC Adtalem Global Education Inc 121.0 Adtalem Global Education Inc agreed to acquire the entire share capital of OCL Financial Services LLC, a Brookfield-based trade school operator, from OnCourse Learning Corp, owned by Bertelsmann Se & Co KGaA, ultimately owned by Verlag Bertelsmann Stiftung, for an estimated $121 million in cash.
WeDriveU Inc National Express Group PLC 84.3 National Express Group PLC of the UK acquired a 60% interest in WeDriveU Inc, a Burlingame-based provider of employee shuttle services, for a total $84.3 million in cash.
Cumulus Media Inc-KLOS-FM,Culver City,California Meruelo Media LLC 43.0 Meruelo Media LLC, a unit of Meruelo Group LLC, agreed to acquire KLOS-FM in Culver City, California of Cumulus Media Inc, an Atlanta-based owner and operator of radio stations, for $43 million in cash.
Dynamic Manufacturing Solutions LLC Ultra Clean Holdings Inc 42.5 Ultra Clean Holdings Inc acquired Dynamic Manufacturing Solutions LLC, an Austin-based provider of engineering services, for an estimated $42.5 million. The consideration consisted of $30 million in cash and up to $12.5 million in profit- related payments.
Coil Tran Corp discoverIE Group PLC 19.2 DiscoverIE Group PLC (Discoverie) of the UK acquired Coil Tran Corp, a Hobart-based manufacturer of transformers, inductors, assemblies and power supplies, for an estimated $19.2 million. The consideration consisted of $15.2 million in cash and up to $4 million in profit-related payments. Concurrently, Discoverie acquired Positek Ltd.
Magnolia Pointe Apartment Homes Fairfield Magnolia Pointe LLC 15.0 Fairfield Magnolia Pointe LLC acquired Magnolia Pointe Apartment Homes, a Durham-based owner and operator of residential buildings and dwellings, for a total $15 mil.
Baldwin-Cox Agency LLC AssuredPartners Inc AssuredPartners Inc, a unit of Apax Partners LP, acquired Baldwin-Cox Agency LLC, a Dallas-based insurance agency.
ALMEA Insurance Inc Brown & Brown Inc Brown & Brown Inc acquired ALMEA Insurance Inc, a Vancouver-based insurance agency.
Averill Fundraising Solutions LLC Collegium Holdings Inc Collegium Holdings Inc acquired Averill Fundraising Solutions LLC, a New York City-based provider of management consulting services.
Planters First Bank-Secondary Market Mortgage Business Colony Bank Colony Bank, a unit of Colony Bankcorp Inc, FitzgeraldGeorgia, agreed to acquire Secondary Market Mortgage Business of Planters First Bank, a Cordele-based commercial bank. Terms were not disclosed.
Connoisseur Media LLC-Stations,Allentown,Pennsylvania(4) Cumulus Media Inc-Stations,Southern Connecticut(2) Cumulus Media Inc, agreed to acquire 4 Stations in Allentown of Pennsylvania of Connoisseur Media LLC, a Westport-based owner and operator of radio broadcasting stations, in exchange for 2 Stations in Southern Connecticut, in an asset swap transaction.
Covance Research Products Inc Envigo International Holdings Inc Envigo International Holdings Inc agreed to acquire Covance Research Products Inc, a Denver-based provider of research and development services, from Covance Inc, ultimately owned by Laboratory Corp of America Holdings.
Omni Healthcare Global Financial LLC Global Financial LLC, a unit of Lovell Minnick Partners LLC, acquired Omni Healthcare, an Atlanta-based provider of consumer lending services. Terms were not disclosed.
Progressive Community Management-Property & Homeowners Association Management Keystone Pacific Property Management LLC Keystone Pacific Property Management LLC, a unit of Keystone Pacific Property Management Inc, planned to acquire property & homeowners association management of Progressive Community Management, a Mission Viejo-based provider of office administrative services.
Spring Air Co Kurlon Ltd Kurlon Ltd of India acquired the entire share capital of Spring Air Co, a Chelsea-based manufacturer of mattresses, from TSAC Merger Sub Inc.
CellTuck LLC Leve 5 Advertising Leve 5 Advertising acquired CellTuck LLC, a Herndon-based provider of website solutions services.
Amtrust Financial Services Inc-Surety & Credit Reinsurance Business Liberty Mutual Insurance Co Liberty Mutual Insurance Co, a unit of Liberty Mutual Holding Co Inc, definitively agreed to acquire surety & credit reinsurance business of Amtrust Financial Services Inc, a New York City-based direct property and casualty insurance carrier, owned by Evergreen Parent LP. Terms were not disclosed.
CCI Financial Group Inc-Wealth Management Division Mai Wealth Advisors Mai Wealth Advisors, a unit of BC Investment Partners LLC, acquired wealth management division of CCI Financial Group Inc, an Akron-based investment advisor.
Diverse Technology Solutions Inc Ntiva Inc Ntiva Inc, a unit of Southfield Capital Advisors LLC, acquired Diverse Technology Solutions Inc, a Terrace-based software publisher.
Anadarko Petroleum Corp Occidental Petroleum Corp Occidental Petroleum Corp was rumored to be planning to acquire the remaining stake, which it did not already own, in Anadarko Petroleum Corp, a The Woodlands-based oil and gas exploration and production company. The terms of the transaction were not disclosed, but according to sources close to the transaction, the value was estimated at $34.97 bil.
Ludwick Eye Center Ltd Omni Ophthalmic Management Consultants LLC Omni Ophthalmic Management Consultants LLC, a unit of New MainStream Capital, acquired Ludwick Eye Center Ltd, a Chambersburg-based optometrist's office operator. Terms were not disclosed.
MapAnything Inc Salesforce.com Inc Salesforce.com Inc definitively agreed to acquire MapAnything Inc, a Charlotte-based software publisher. Terms were not disclosed.
Arbor Pacific Inc SLANG Worldwide Inc SLANG Worldwide Inc of Canada agreed to acquire the entire share capital of Arbor Pacific Inc, an Arlington-based manufacturer of medicinals and botanicals.
Intellisoft Group LLC symplr symplr, a unit of Clearlake Capital Group LP, acquired IntelliSoft Group LLC, a Nashua-based software publisher.
Procter & Gamble Co-Fluocaril & Parogencyl Brands Unilever PLC Unilever PLC of the UK planned to acquire fluocaril & parogencyl brands of Procter & Gamble Co, a Cincinnati-based manufacturer of detergents. Terms were not disclosed.
Fieldbrook Foods Corp Wells Enterprises Inc Wells Enterprises Inc acquired Fieldbrook Foods Corp, a Dunkrik-based manufacturer of frozen desserts, from Arbor Private Investment Co LP.
US M&A Deals Announced April 12 to 18, 2019
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