30 | BUYOUTS | April 1, 2019 www.buyoutsnews.com MARKET INTELLIGENCE
The following charts reflect transactions involving U.S.-based financial sponsors. The categories include seeking buyers, announced deals, closed transactions. The source for the data is Thomson One, a product of Thomson Reuters Markets. Please contact Joseph Weitemeyer at [email protected] with questions or comments. DEAL FLOW Seeking Buyers–U.S. Targets (March 6, 2019 - March 20, 2019) ENERGY AND POWER
Date Target Name Target City Target Target Full Business Description Target Synopsis Announced State Advisors
03/13/19 Pac Ethanol Sacramento CA Pacific Ethanol Inc-Production Assets, located - US - In March 2019, Pacific Ethanol Inc, a Inc-Prodn Asts in Sacramento, California, manufactures and Sacramento- based manufacturer and wholesaler of wholesales low-carbon renewable fuels in low-carbon renewable fuels in the Western United the Western United States. The Company was States, announced that it was seeking a buyer for founded in February 2005. its production assets. HIGH TECHNOLOGY Date Target Name Target City Target Target Full Business Description Target Synopsis Announced State Advisors
03/12/19 Skillied Miami FL Skillied, located in Miami, Florida, provides - US - In March 2019, Skillied, a Miami-based online educational classes, booking and provider of online educational classes, booking and management software services. The Company management software services, announced that it was founded in 2017. was seeking a buyer for the company. RETAIL Date Target Name Target City Target Target Full Business Description Target Synopsis Announced State Advisors
03/11/19 Helen Of Troy - TX Helen Of Troy Ltd-Personal Care Business, - US - In March 2019, Helen of Troy Ltd, an El Paso-based Ltd-Personal located in Texas, is a cosmetics retailer. manufacturer of toilet preparations, announced that it was seeking a buyer for the remaining stake, which it did not already own, in its personal care business. RECENT DEALS Announced, Pending LBOs By U.S. Sponsors (March 6, 2019 - March 20, 2019) CONSUMER PRODUCTS AND SERVICES Rank Date Target Name Target Short Acquiror Full Name Acquiror Ranking Value Synopsis Business Ultimate inc. Net Debt of Description Parent Target ($Mil)
03/15/19 AYUMI Pharmaceutical Blackstone Group LP Blackstone - JAPAN - Blackstone Group LP of the US agreed to acquire the entire Pharmaceutical Preparation Group LP share capital of AYUMI Pharmaceutical Corp, a Chuo-Ku, Tokyo-based Corp Manufacturing manufacturer of pharmaceutical preparation, from Unison Capital Partners III LP, led by Unison Capital Partners Ltd, ultimately owned by Unison Capital Inc, and M3 Inc, in a leverage buyout transaction. The terms of the transaction were not disclosed, but according to sources close to the transaction, the value was estimated at JPY 100 bil (USD 895.3mil).
03/12/19 Fullstack Other Bridgepoint Warburg 49.33 US - Bridgepoint Education Inc (Bridgepoint), a unit of Warburg Academy Inc Technical and Education Inc Pincus LLC Pincus PrivateEquity VIII LP (Pincus), agreed to acquire the entire Trade Schools share capital of Fullstack Academy Inc (Fullstack), a New York City-based trade school operator, for an estimated USD 49.325 mil. The consideration was to consist of USD 17.5 mil in cash, issuance of 2.5 mil Bridgepoint's common shares valued at USD 16.75 mil and issuance of up to 2.275 mil Bridgepoint's common shares valued at USD 15.075 mil in profit related payments. The shares were valued based from Bridgepoint's closing stock price of USD 6.7 on 11 March 2019, the last full trading prior the announcement. www.buyoutsnews.com April 1, 2019 | BUYOUTS | 31 MARKET INTELLIGENCE
CONSUMER PRODUCTS AND SERVICES Rank Date Target Name Target Short Acquiror Full Name Acquiror Ranking Value Synopsis Business Ultimate inc. Net Debt of Description Parent Target ($Mil)
03/11/19 BGIS Facilities CCMP Capital CCMP Capital 1,000.00 CANADA - CCMP Capital Advisors LP of the US agreed to acquire Support Advisors LP Advisors LP Brookfield Global Integrated Solutions Canada LP, a Markham-based Services provider of facilities management services, from Brookfield Business Partners LP, ultimately owned by Brookfield Asset Management Inc, for an estimated CAD 1. 341 bil (USD 1 bil), in a leveraged buyout transaction.
03/07/19 Direct Pvd chassis Apollo Global BRH - US - Apollo Global Management LLC, a unit of BRH Holdings GP Ltd, ChassisLink Inc leasing Management LLC Holdings GP definitively agreed to acquire an undisclosed majority interest in Direct services Ltd ChassisLink Inc, a Charlotte- based provider of truck rental and leasing services, from EQT Infrastructure II Fund, ultimately owned by EQT Partners AB, in a leveraged buyout transaction. Originally, In October 2018, EQT Infrastructure II Fund, ultimately owned by EQT Partners AB, was rumored to be seeking a buyer for the company. Terms were not disclosed. CONSUMER STAPLES Rank Date Target Name Target Short Acquiror Full Name Acquiror Ranking Value Synopsis Business Ultimate inc. Net Debt of Description Parent Target ($Mil)
03/19/19 Eby-Brown Co General Performance Food Blackstone - US - Performance Food Group Co, a unit of Blackstone Group LP, LLC Line Grocery Group Co Group LP definitively agreed to acquire Eby-Brown Co LLC, a Naperville-based Merchant wholesaler and retailer of consumer products. Wholesalers
03/07/19 Grupo Iberica de Produce,whl Platinum Equity LLC Platinum - SPAIN - Platinum Equity LLC of the US planned to acquire an undisclosed majority Congelados SA fish,seafood Equity LLC interest in Grupo Iberica de Congelados SA, a Vigo-based seafood processor, from Portobello Capital Advisors SL, in a leveraged buyout transaction. Terms were not disclosed. Originally, Portobello was searching for a buyer for Iberica. ENERGY AND POWER Rank Date Target Name Target Short Acquiror Full Name Acquiror Ranking Value Synopsis Business Ultimate inc. Net Debt of Description Parent Target ($Mil)
03/11/19 Goodnight Oil & Gas Pipeline TPG Capital LP TPG Capital 930.00 US - TPG Capital LP definitively agreed to acquire an undisclosed majority Midstream LLC & Related LP interest in Goodnight Midstream LLC, a Dallas-based provider of oil and Structures gas pipeline construction services, from Tailwater Capital LLC and other Construction investors, for an estimated USD 930 mil, in a leveraged buyout transaction. FINANCIALS Rank Date Target Name Target Short Acquiror Full Name Acquiror Ranking Value Synopsis Business Ultimate inc. Net Debt of Description Parent Target ($Mil)
03/16/19 Avanse Financial Consumer Warburg Pincus LLC Warburg - INDIA - Warburg Pincus LLC of the US agreed to acquire an 80% interest Services Ltd Lending Pincus LLC in Avanse Financial Services Ltd (Avanse), a Mumbai-based provider of consumer lending services, from Wadhawan Global Capital Ltd (49.04%), ultimately owned by Wadhawan Group and Dewan Housing Finance Corp Ltd (30.63%), in a leveraged buyout transaction. Originally, In February 2019, Wadhawan Global Capital Ltd, ultimately owned by Wadhawan Group, announced that it was seeking a buyer for its Avanse. HIGH TECHNOLOGY Rank Date Target Name Target Short Acquiror Full Name Acquiror Ranking Value Synopsis Business Ultimate inc. Net Debt of Description Parent Target ($Mil)
03/19/19 Qwikcilver Greeting cards Pine Labs Pvt Ltd Sequoia 110.00 INDIA - Pine Labs Pvt Ltd (Pine), a unit of Sequoia Capital Operations Solutions Pvt Ltd Capital LLC, agreed to acquire Qwikcilver Solutions Pvt Ltd (Qwikcilver) , a Operations Bangalore-based, for a total INR 7.548 bil (USD 110 mil). Originally, in LLC February 2019, Pine was rumored to be planning to acquire Qwikcilver.
03/12/19 Software Express Software First Data Corp KKR & Co Inc - BRAZIL - First Data Corp of the US, a unit of Kohlberg Kravis Roberts Informatica Publishers & Co LP, planned to acquire Software Express Informatica Ltda, a Sao Paulo-based software publisher. Terms were not disclosed. 32 | BUYOUTS | April 1, 2019 www.buyoutsnews.com MARKET INTELLIGENCE
HIGH TECHNOLOGY Rank Date Target Name Target Short Acquiror Full Name Acquiror Ranking Value Synopsis Business Ultimate inc. Net Debt of Description Parent Target ($Mil)
03/07/19 Blackboard Inc- Software Reverence Capital Reverence - US - Reverence Capital Partners LLC definitively agreed to acquire the Blackboard Tran Publishers Partners LLC Capital Blackboard Transact unit of Blackboard Inc (Blackboard), a Washington- Partners LLC based software publisher, ultimately owned by Providence Equity Partners LLC (Providence), in a leveraged buyout transaction. The terms of the transaction were not disclosed, but according to sources close to the transaction, the value was estimated at USD 720 mil. Originally, in February 2019, Providence was rumored to be seeking a buyer for its Blackboard unit. INDUSTRIALS Rank Date Target Name Target Short Acquiror Full Name Acquiror Ranking Value Synopsis Business Ultimate inc. Net Debt of Description Parent Target ($Mil)
03/08/19 Hong Kong Intl New Multifamily Times Holdings II Ltd Blackstone 894.64 HONG KONG - Times Holdings II Ltd of the US, a unit of Times Holdings Constr Invest Housing Group LP I Ltd, agreed to raise its interest to 71. 47% from 1.93% in Hong Kong Construction International Construction Investment Management Group Co Ltd, (Except housing constructor, from HNA Finance I Co Ltd, owned by HNA Group Operative Co Ltd, by acquiring 2.341 bil ordinary shares HKD 3 (USD 0.382) in cash Builders) per share, of a total value of HKD 7.023 bil (USD 894.637 mil).
03/08/19 Dart Aerospace Other Aircraft Dart Aerospace Ltd Greenbriar 75.00 CANADA - Dart Aerospace Ltd SPV of the US, jointly owned by Greenbriar Ltd Parts and SPV Equity Group Equity Group LP and First Aviation Services Inc, agreed to acquire Dart Auxiliary LP Aerospace Ltd, a Saint- Laurent-based manufacturer of aircraft parts and Equipment auxiliary equipment, jointly owned by Eagle Copters Ltd and Era Group Inc, Manufacturing for a total CAD 100.897 mil (USD 75 mil), in a leveraged buyout transaction.
03/07/19 Blume Global Inc Freight Apollo Global BRH - US - Apollo Global Management LLC, a unit of BRH Holdings GP Ltd, Transportation Management LLC Holdings GP definitively agreed to acquire an undisclosed majority interest in Blume Arrangement Ltd Global Inc, a Pleasanton- based provider of freight transportation arrangement services, from EQT Infrastructure II Fund, ultimately owned by EQT Partners AB, in a leveraged buyout transaction. Terms were not disclosed. Concurrently, Apollo definitively agreed to acquire Direct ChassisLink Inc. MATERIALS Rank Date Target Name Target Short Acquiror Full Name Acquiror Ranking Value Synopsis Business Ultimate inc. Net Debt of Description Parent Target ($Mil)
03/18/19 Newell Brands- All Other One Rock Capital One Rock - US - One Rock Capital Partners LLC definitively agreed to acquire Process Soln Bus Plastics Partners LLC Capital Process Solutions Business of Newell Brands Inc, a Hoboken-based Product Partners LLC manufacturer and wholesaler of consumer and commercial products, Manufacturing in a leveraged buyout transaction.
03/18/19 Sabre Industries Mnfr tubular The Jordan Co LP The Jordan - US - The Jordan Co LP definitively agreed to acquire Sabre Industries Inc steel poles Co LP Inc (Sabre), an Alvarado-based manufacturer of steel pipes and tubes, from Kohlberg Investors VII LP (Kohlberg), ultimately owned by Kohlberg & Co LLC, in a secondary buyout transaction. Originally, Kohlberg acquired Sabre, in a leverage buyout transaction.
03/11/19 J&D Brush Co LLC All Other Goody Products Inc TPG Capital - US - Goody Products Inc, a unit of ACON Investments LLC, agreed to Plastics LP merge with J&D Brush Co LLC, a Hauppauge- based manufacturer of Product plastics products, from Topspin Partners. Terms were not disclosed. Manufacturing
03/08/19 Intl Wire Grp Copper Wire Atlas Holdings LLC Atlas 324.49 US - Atlas Holdings LLC definitively agreed to merge with International Hldg Inc (Except Holdings LLC Wire Group Holdings Inc, a Camden-based manufacturer and wholesaler Mechanical) of bare copper and copper wire products, for USD 10.7 in cash per share, Drawing or a total USD 49.815 mil, in a leveraged buyout transaction.
03/06/19 DS Smith PLC- All Other Liqui-Box Corp Olympus 585.00 US - Liqui-Box Corp, a unit of Olympus Partners LP, agreed to acquire Plastics Division Plastics Partners LP plastics division of DS Smith PLC (DS), a Chicago-based manufacturer Product of packaging products, for an estimated (USD 585 mil). Originally, in Manufacturing June 2018, DS was seeking a buyer for its plastics division.
03/06/19 Paragon Films Mnfr plastic Wellspring Capital Wellspring - US - Wellspring Capital Management LLC agreed to sell Paragon Films Inc film Management LLC Capital Mgmt Inc, a Broken Arrow-based manufacturer of plastics films and sheets, LLC to Wind Point Partners LLC. Terms of the transaction were not disclosed. www.buyoutsnews.com April 1, 2019 | BUYOUTS | 33 MARKET INTELLIGENCE
TELECOMMUNICATIONS Rank Date Target Name Target Short Acquiror Full Name Acquiror Ranking Value Synopsis Business Ultimate inc. Net Debt of Description Parent Target ($Mil)
03/19/19 Inmarsat PLC Wired Inmarsat PLC SPV Apax 5,673.44 UK - Inmarsat PLC SPV, jointly owned by Apax Partners LLP, Warburg Telecommunications Partners LLP Pincus International LLC and the Canadian state-owned Canada Pension Carriers Plan Investment Board, planned to acquire the entire share capital of Inmarsat PLC, a London-based wired telecommunications carrier, for GBP 5.439 (USD 7. 21) in cash per share, or a total value of GBP 2.521 bil (USD 3.342 bil), via an unsolicited offer, in a leveraged buyout transaction.
Closed LBOs By U.S. Sponsors (March 6, 2019 - March 20, 2019) CONSUMER PRODUCTS AND SERVICES Date Target Name Target Short Acquiror Full Acquiror Ranking Value Synopsis Effective/ Business Name Ultimate Parent inc. Net Debt of Unconditional Description Target ($Mil)
03/13/19 Universal Pvd employment SNH Capital SNH Capital - US - SNH Capital Partners Inc acquired Universal Background Background screening svcs Partners Inc Partners Inc Screening Inc, a Phoenix- based provider of human resources and Screening executive search consulting services.
03/13/19 FASTSIGNS Intl All Other FASTSIGNS Intl LightBay Capital - US - FASTSIGNS International Inc SPV, jointly owned by LightBay Inc Support Services Inc SPV Capital and Freeman Spogli & Co, acquired FASTSIGNS International Inc, a Carrollton-based provider of graphic design services, in a leveraged buyout transaction. Terms were not disclosed.
03/12/19 Pnc Bk NA- Administrative The Newport Kelso & Co LP - US - The Newport Group Inc, a unit of Kelso & Co LP, acquired Vested Interest Management Group Inc vested interest business of PNC Bank NA, a Pittsburgh-based Bus and General commercial bank, ultimately owned by PNC Financial Services Management Group Inc. Terms were not disclosed. Consulting Services
03/07/19 Peak Finl Grp Llc Human Resources Hub Hellman & - US - Hub International Ltd, a unit of Hellman & Friedman LLC, and Executive International Ltd Friedman LLC acquired Peak Financial Group LLC, a Houston-based provider of Search Consulting human resources and executive search consulting services. Terms Services were not disclosed. ENERGY AND POWER Date Target Name Target Short Acquiror Full Acquiror Ranking Value Synopsis Effective/ Business Name Ultimate Parent inc. Net Debt of Unconditional Description Target ($Mil)
03/07/19 Beaver Oil Co Inc Provides waste Intergulf Corp Kinderhook - US - Intergulf Corp, a unit of Kinderhook Industries LLC, acquired treatment Industries LLC Beaver Oil Co Inc, a Hodgkins-based provider of waste treatment and recycling and recycling services. Terms were not disclosed. services
03/11/19 Tallgrass Energy Pipeline Investor Group Investor Group 3,300.00 US - An investor group, comprised of Enagas SA, Blackstone GP LLC Transportation Infrastructure Partners LP, a unit of Blackstone Group LP and GIC Pte Of Natural Gas Ltd, acquired the entire share capital of Tallgrass Energy GP LLC, a provider of pipeline transportation services of natural gas, from Kelso & Co LP, The Energy & Minerals Group, Tallgrass KC LLC, and other shareholders, for an estimated USD 3.3 bil in cash. The transaction was to include an approximately 44% interest in Tallgrass Energy LP. HEALTHCARE Date Target Name Target Short Acquiror Full Acquiror Ranking Value Synopsis Effective/ Business Name Ultimate Parent inc. Net Debt of Unconditional Description Target ($Mil)
03/18/19 CDI Pvd diagnostic Wellspring Wellspring - US - Wellspring Capital Management LLC acquired Center for imaging svcs Capital Mgmt Capital Mgmt Diagnostic Imaging Inc, a Minneapolis-based diagnostic imaging LLC LLC center operator, from Insight Imaging Inc, ultimately owned by Black Diamond Capital Management LLC. Terms were not disclosed.
03/12/19 Xpandortho Inc Surgical Appliance Exactech Inc TPG Capital LP - US - Exactech Inc, a unit of TPG Capital LP, acquired Xpandortho and Supplies Inc, a La Jolla- based manufacturer of surgical appliance and Manufacturing supplies. 34 | BUYOUTS | April 1, 2019 www.buyoutsnews.com MARKET INTELLIGENCE
HEALTHCARE Date Target Name Target Short Acquiror Full Acquiror Ranking Value Synopsis Effective/ Business Name Ultimate Parent inc. Net Debt of Unconditional Description Target ($Mil)
03/08/19 Civitas Solutions Home Health Centerbridge Centerbridge 1,338.26 US - Centerbridge Partners LP (Centerbridge Partners) merged with Inc Care Services Partners LP Partners LP Civitas Solutions Inc (Civitas Solutions), a Boston-based provider of home and community health services, from Vestar Capital Partners Inc (Vestar Capital Partners), for USD 17.75 in cash per share, or a total value of USD 643.068 mil, in a leveraged buyout transaction. In October 2018, Vestar Capital Partners was rumored to seeking a buyer for the entire share capital of Civitas Solutions. Res-Care Inc (BrightSpring Health Services) was rumored as a potential bidder.
03/06/19 Aralez Pharms Pharmaceutical Deerfield Deerfield 130.00 CANADA - Deerfield Management Co LP of the US acquired TOPROL XL Trading-Toprol Preparation Management Management of Aralez Pharmaceuticals Trading DAC, manufacturer of pharmaceutical Manufacturing Co LP Co LP preparation, ultimately owned by Aralez Pharmaceuticals Inc, for a total CAD 169.624 mil (USD 130 mil), in a leveraged buyout transaction. HIGH TECHNOLOGY Date Target Name Target Short Acquiror Full Acquiror Ranking Value Synopsis Effective/ Business Name Ultimate Parent inc. Net Debt of Unconditional Description Target ($Mil)
03/19/19 OpSiSe Sas- Internet Service Transaction TNS Inc - FRANCE - Transaction Network Services Inc of the US, jointly Assets Providers Network Svcs owned by TNS Inc and GTCR LLC, acquired assets of OpSiSe Sas, a Inc Le Kremlin Bicetre-based internet service provider.
03/18/19 Bluesun Inc Custom Computer Internet Pipeline Thoma Bravo - CANADA - Internet Pipeline Inc of the US, a unit of Thoma Bravo Programming Inc LLC LLC, acquired Bluesun Inc, a Burlington- based provider of Services custom computer programming services.
03/18/19 Lighthouse 360 Data Processing, Henry Schein KKR & Co Inc - US - Henry Schein One LLC, jointly owned by Internet Brands Inc Hosting, and One LLC and Henry Schein Inc, acquired Lighthouse 360, a New York City- Related Services based provider of data processing and hosting services, from Web. com Inc, owned by Website Pros Inc. Terms were not disclosed.
03/14/19 Platinum Tools Fiber Optic Cable NSi Industries Blue Sea Capital - US - NSi Industries LLC, a unit of Blue Sea Capital LLC, acquired Platinum Inc Manufacturing LLC LLC Tools Inc, a Newbury Park-based manufacturer of cables and wirings.
03/08/19 Grpex Pro Provides web- Daxko Inc GI Partners LLP - US - Daxko Inc, a unit of GI Partners LLP, acquired GroupEx PRO, based fitness provider of web- based fitness portal services. Terms were not portal services disclosed.
03/07/19 SnappyData Inc Software TIBCO Software Vista Equity - US - TIBCO Software Inc, a unit of Vista Equity Partners LLC, Publishers Inc Partners LLC acquired SnappyData Inc, a Beaverton-based software publisher.
03/07/19 LOFA Industries Relay and Harbour Group Harbour Group - US - Harbour Group Ltd acquired LOFA Industries Inc (LOFA), a Roswell- Inc Industrial Ltd Ltd based manufacturer of relays and industrial controls, from Hunters Gate Control Holdings LLC, in a secondary buyout transaction. Originally, an investor Manufacturing group, comprised of Hunters Gate Holdings LLC, and the management of LOFA, acquired LOFA. Terms were not disclosed.
03/06/19 Cattron Holdings Relay and Harbour Group Harbour Group - US - Harbour Group Ltd acquired Cattron Holdings Inc, a Warren- Inc Industrial Control Ltd Ltd based manufacturer of remote control products, in a leveraged Manufacturing buyout transaction. Terms of the transaction were not disclosed.
03/06/19 Aptare Inc Software Veritas The Carlyle - US - Veritas Technologies LLC, a unit of The Carlyle Group LP, Publishers Technologies Group LP acquired Aptare Inc, a Campbell-based software publisher. Terms LLC were not dislcosed.
03/06/19 daVIZta Inc Software IntegriChain Inc Accel Partners & - US - IntegriChain Inc, a unit of Accel-KKR LLC, merged with daVIZta Publishers Co Inc Inc, a Somerset-based software publisher. Terms were not disclosed. INDUSTRIALS Date Target Name Target Short Acquiror Full Acquiror Ranking Value Synopsis Effective/ Business Name Ultimate Parent inc. Net Debt of Unconditional Description Target ($Mil)
03/15/19 Polychem Corp Mnfr plastic The Sterling The Sterling - US - The Sterling Group LP acquired Polychem Corp, a Mentor- strapping mach Group LP Group LP based manufacturer of commercial and service industry machinery, from Magellan Energy Ltd, in a leveraged buyout transaction. www.buyoutsnews.com April 1, 2019 | BUYOUTS | 35 MARKET INTELLIGENCE
INDUSTRIALS Date Target Name Target Short Acquiror Full Acquiror Ranking Value Synopsis Effective/ Business Name Ultimate Parent inc. Net Debt of Unconditional Description Target ($Mil)
03/15/19 Wstn Inds Plastic Plastics and LJC Investments Littlejohn - US - LJC Investments IV LLC, a unit of Littlejohn Capital LLC, Prod LLC Rubber Industry IV LLC Capital LLC acquired Western Industries Plastic Products LLC, a Winfield- Machinery based manufacturer of plastics and rubber industry machinery, Manufacturing from Speyside Equity LLC.
03/12/19 Comfort Air Warm Air Munch's Supply Rotunda Capital - US - Munch's Supply LLC, a unit of Rotunda Capital Partners Distributing Inc Heating & LLC Partners LLC LLC, acquired Comfort Air Distributing Inc, a Denver-based air- Air-Conditioning conditioning equipment and supplies merchant wholesaler. Equipment & Supplies Merchant Wholesalers
03/11/19 Beverage Automatic Ronnoco Coffee Huron Capital - US - Ronnoco Coffee Co, a unit of Huron Capital Partners LLC, Solutions Grp Llc Vending Co Partners LLC acquired Beverage Solutions Group LLC, a Maynardville-based Machine manufacturer of automatic vending machines. Terms were not Manufacturing disclosed.
03/08/19 Resolute Air-Conditioning AE Industrial AE Industrial - US - AE Industrial Partners LP acquired Resolute Industrial LLC, a Industrial LLC and Warm Air Partners LP Partners LP Wheeling- based manufacturer of air- conditioning equipment, Heating Equipment from Johnson Controls Inc, owned by Tyco International PLC, in a and Refrigeration leveraged buyout transaction. Equipment Manufacturing
03/06/19 ProcessBarron Industrial and Carousel Capital Carousel Capital - US - Carousel Capital Partners LP acquired ProcessBarron, a Commercial Partners LP Partners LP Pelham-based manufacturer of industrial and commercial fans Fan and Blower and blowers, in a leveraged buyout transaction. Manufacturing
03/15/19 HES International Marine Cargo HES HES - NETHERLANDS - HES International BV SPV of the UK, a special purpose BV Handling International International acquisition vehicle formed by West Street Infrastructure Partners III BV SPV BV SPV LP and Macquarie European Infrastructure Fund 5 LP, acquired HES International BV, a Rotterdam- based provider of marine cargo handling services, from Riverstone/Carlyle Global Energy and Power Fund IV LP and Carlyle International Energy Partners LP, a unit of The Carlyle Group LP, in a leveraged buyout transaction. The terms of the transaction were not disclosed, but according to sources close to the transaction, the value was estimated at EUR 1.3 bil (USD 1.595 bil). Originally, in February 2018, HES International BV was rumored to be seeking a buyer for the company. Goldman Sachs and Macquarie were named potential bidders. MATERIALS Date Target Name Target Short Acquiror Full Acquiror Ranking Value Synopsis Effective/ Business Name Ultimate Parent inc. Net Debt of Unconditional Description Target ($Mil)
03/15/19 Sankyo Rikagaku Abrasive Product The Carlyle The Carlyle - JAPAN - The Carlyle Group LP of the US acquired the entire share Co Ltd Manufacturing Group LP Group LP capital of Sankyo Rikagaku Co Ltd, an Okegawa- shi, Saitama- based manufacturer of abrasive products, from Fuji Star, in a leveraged buyout transaction.
03/14/19 Flexo Transparent All Other C-P Flexible First Atlantic - US - C-P Flexible Packaging, a unit of First Atlantic Capital Ltd, acquired Inc Plastics Product Packaging Capital Ltd Flexo Transparent Inc, a Buffalo- based manufacturer of plastics Manufacturing products, from Sidereal Capital Group LLC and ORIX Mezzanine & Private Equity, a unit of ORIX USA Corp. Terms were not disclosed.
03/07/19 Lexington Steel Manufactures MakSteel Inc Union Partners - US - MakSteel Inc of Canada, a unit of Union Partners Corp flat rolled steel LLC LLC, acquired Lexington Steel Corp, a Bedford Park-based products manufacturer of flat rolled steel products.
03/06/19 Allpak Container Manufactures Golden W Pkg Lindsay - US - Golden West Packaging Group LLC, a unit of Lindsay Llc corrugated Grp LLC Goldberg LLC Goldberg LLC, acquired Allpak Container LLC, a Renton-based boxes manufacturer of corrugated boxes. 36 | BUYOUTS | April 1, 2019 www.buyoutsnews.com MARKET INTELLIGENCE
MEDIA AND ENTERTAINMENT Date Target Name Target Short Acquiror Full Acquiror Ranking Value Synopsis Effective/ Business Name Ultimate Parent inc. Net Debt of Unconditional Description Target ($Mil)
03/12/19 CorePower Yoga Pvd yoga TSG Consumer TSG Consumer - US - TSG Consumer Partners LLC acquired CorePower Yoga LLC, LLC practice svcs Partners LLC Partners LLC a Denver-based fitness and recreational sports center operator, from L Catterton Management Ltd and other investors, in a leveraged buyout transaction. Terms were not disclosed.
03/11/19 Radisson Hotel Hotels (Except Glenmont Glenmont - US - Glenmont Capital Management LLC acquired Radisson Hotel Cleveland,Ohio Casino Hotels) Capital Mgmt Capital Mgmt Cleveland- Gateway, a Cleveland-based owner and operator of and Motels LLC LLC hotel, in a leveraged buyout transaction.
03/13/19 YOU Technology Other Services Inmar Inc ABRY Partners 565.00 US - Inmar Inc, a unit of ABRY Partners LLC, acquired YOU Brand Svcs Inc Related To LLC Technology Brand Services Inc, a San Francisco-based provider of Advertising advertising related services, for USD 565 mil in cash. RECENT TRANSACTIONS Non-Control Deals, U.S. Sponsors (March 6, 2019 - March 20, 2019) CONSUMER PRODUCTS AND SERVICES Rank Target Name Target Short Target Acquiror Full Acquiror Ranking Value Synopsis Date Business Advisers Name Ultimate Parent inc. Net Debt of Description Target ($Mil)
03/19/19 Glossier Inc Manufactures - Investor Investor Group 100.00 US - An investor group, comprised of Sequoia Capital cosmetic products Group Global Growth Fund LP, Spark Capital LP and Tiger Global Management LLC acquired an undisclosed minority stake in Glossier Inc, a New York City- based manufacturer of toilet preparations, for a total USD 100 mil, in a privately negotiated transaction.
03/11/19 Think & Learn Educational - Investor Investor Group 11.43 INDIA - An investor group, comprised of General Atlantic Pvt Ltd Support Services Group Service Co LP and Tencent Holdings Ltd acquired an undisclosed minority stake in Think & Learn Pvt Ltd, a Bengaluru-based provider of educational support services, for an estimated total INR 800 mil (USD 11.43 mil), in a privately negotiated transaction. ENERGY AND POWER Rank Target Name Target Short Target Acquiror Full Acquiror Ranking Value Synopsis Date Business Advisers Name Ultimate Parent inc. Net Debt of Description Target ($Mil)
03/12/19 Power Utility Electric Power - WJ Partners WJ Partners LLC - US - WJ Partners LLC acquired an undisclosed minority Prod Co Distribution LLC stake in Power Utility Products Co, a Charlotte-based electric power distributor, in a privately negotiated transaction. FINANCIALS Rank Target Name Target Short Target Acquiror Full Acquiror Ranking Value Synopsis Date Business Advisers Name Ultimate Parent inc. Net Debt of Description Target ($Mil)
03/14/19 Mswipe Financial - Investor Investor Group 31.65 INDIA - An investor group, comprised of B Capital Technologies Transactions Group Group, Falcon Edge Capital LP, Epiq Capital Investment Pvt Ltd Processing, Advisory LLP and DSG Consumer Partners acquired an Reserve, and undisclosed minority stake in Mswipe Technologies Pvt Clearinghouse Ltd, a Mumbai-based provider of financial transactions Activities services, for a total INR 2.2 bil (USD 31.651 mil), in a privately negotiated transaction. www.buyoutsnews.com April 1, 2019 | BUYOUTS | 37 MARKET INTELLIGENCE
FINANCIALS Rank Target Name Target Short Target Acquiror Full Acquiror Ranking Value Synopsis Date Business Advisers Name Ultimate Parent inc. Net Debt of Description Target ($Mil)
03/14/19 Acko Gen Ins Ltd Insurance Agencies - Investor Investor Group 65.00 INDIA - An investor group, comprised of Amazon.com Inc, and Brokerages Group Binny Bansal, Intact Financial Corp-Intact Ventures, a unit of Intact Financial Corp, Techpro Ventures LLP, Accel Partners Management LLP, a unit of Accel Partners & Co Inc, SAIF Partners, a unit of SAIF Partners and RPS Ventures acquired an undisclosed minority stake in Acko General Insurance Ltd (Acko), a Mumbai-based insurance agency, for a total INR 4.518 bil (USD 65 mil), in a privately negotiated transaction. Originally, Binny Bansal was rumored to be acquiring an undisclosed minority stake in Acko. The Terms of the transaction was disclosed, but sources close to the transaction, the value was estimated at INR 1749.108 mil (USD 25 mil).
03/13/19 Shanghai Lujiazui Miscellaneous - Investor Investor Group - CHINA - An investor group, comprised of All-Stars Investment Intl Finl Financial Group Ltd, Goldman Sachs & Co, UBS Group Ag, LionRock Capital Investment Ltd(Hong Kong), Hedosophia Fund, Hermitage Capital, SBI Activities Holdings Inc, JPMorgan Chase & Co, Macquarie Group Ltd, the Qatari state-owned Qatar Investment Authority, Primavera Capital Group and United Overseas Bank Ltd acquired an undisclosed minority stake in Shanghai Lujiazui International Financial Asset Exchange Co Ltd, a Shanghai-based provider of financial investment services. The terms of the transaction were not disclosed, but according to sources close to the transaction, the value was estimated at CNY 9.251 bil (USD 1.33 bil).
03/13/19 Vivriti Capital Miscellaneous - Creation Creation Invests 15.80 INDIA - Creation Investments India III LLC, a unit of Pvt Ltd Financial Investments Cap Mgmt LLC Creation Investments Capital Management LLC, acquired Investment India III LLC an undisclosed minority stake in Vivriti Capital Pvt Ltd, a Activities Chennai-based provider of financial investment services, for a total INR 1.1 bil (USD 15.802 mil), in a privately negotiated transaction.
03/07/19 Aye Finance All Other - Investor Investor Group 33.25 INDIA - An investor group, comprised of Maj Invest Financial Pvt Ltd Nondepository Group Inclusion Fund, a unit of Maj Invest Holding A/ S, CapitalG, a Credit unit of Google Inc, LGT Capital Partners AG and Falcon Edge Intermediation Capital LP acquired an undisclosed minority stake in Aye Finance Pvt Ltd, a Gurgaon-based provider of nondepository credit intermediation services, for a total INR 2. 33 bil (USD 33.251 mil), in a privately negotiated transaction.
03/06/19 GI Partners LLP Private equity firm Evercore Blackstone Blackstone - US - Blackstone Group LP acquired an undisclosed minority Partners Group LP Group LP stake in GI Partners LLP, a San Francisco-based financial sponsor, in a privately negotiated transaction.
03/06/19 Digikredit Fin Consumer Lending - Investor Investor Group 12.77 INDIA - An investor group, comprised of Accion Venture Lab Pvt Ltd Group and Accion Frontier Inclusion Fund LP planned to acquire a 14.24% stake in Digikredit Finance Pvt Ltd, a Mumbai-based provider of consumer lending services, from IDFC First Bank Ltd, a unit of IDFC Ltd, for a total INR 900 mil (USD 12.768 mil), in a privately negotiated transaction. HEALTHCARE Rank Target Name Target Short Target Acquiror Full Acquiror Ranking Value Synopsis Date Business Advisers Name Ultimate Parent inc. Net Debt of Description Target ($Mil)
03/13/19 CoreMedica Medical - Investor Investor Group 2.47 US - An investor group, comprised of Gore Range Laboratories Inc Laboratories Group Capital LLC, acquired an undisclosed minority stake in CoreMedica Laboratories Inc, a Lees Summit-based medical laboratory operator, for a total USD 2.465 mil, in a privately negotiated transaction.
03/12/19 Merhaki Foods & Medicinal - Investor Investor Group 1.00 INDIA - An investor group, comprised of Sauce.Vc and Matrix Nutrition and Botanical Group Partners India planned to acquire an undisclosed minority Manufacturing stake in Merhaki Foods & Nutrition Pvt Ltd, a Bengaluru-based manufacturer of medicinals and botanicals, for a total INR 69.837 mil (USD 1 mil), in a privately negotiated transaction. 38 | BUYOUTS | April 1, 2019 www.buyoutsnews.com MARKET INTELLIGENCE
HEALTHCARE Rank Target Name Target Short Target Acquiror Full Acquiror Ranking Value Synopsis Date Business Advisers Name Ultimate Parent inc. Net Debt of Description Target ($Mil)
03/11/19 Inventisbio Biological Product China Investor Investor Group 70.00 CHINA - An investor group, comprised of CMB International (Shanghai) Co Ltd (Except Diagnostic) Renaissance Group Capital Holdings Corp Ltd, a unit of China Merchants Holdings Manufacturing Partners (International) Co Ltd, Lilly Asia Ventures, Advantech Capital Partners Ltd, Shanghai Pudong Innotek Capital Co Ltd and OrbiMed Advisors LLC acquired an undisclosed minority stake in Inventisbio (Shanghai) Co Ltd, a Shanghai-based manufacturer of biological products, for a total CNY 470. 408 mil (USD 70 mil), in a privately negotiated transaction.
03/06/19 Alliance Growers Medicinal - Global Global 3.00 CANADA - Global Corporate Finance LLC of the US Corp and Botanical Corporate Corporate acquired an undisclosed minority stake in Alliance Manufacturing Finance LLC Finance LLC Growers Corp, a Vancouver- based manufacturer of medicinals and botanicals, for CAD 4 mil (USD 2.997 mil), in a privately negotiated transaction. HIGH TECHNOLOGY Rank Target Name Target Short Target Acquiror Full Acquiror Ranking Value Synopsis Date Business Advisers Name Ultimate Parent inc. Net Debt of Description Target ($Mil)
03/19/19 Shanghai Huzan Internet Service - Investor Investor Group 30.00 CHINA - An investor group, comprised of GSR Ventures, Info Tech Co Providers Group Sequoia Capital China, a unit of Sequoia Capital Operations LLC and Beijing Source Code Capital Investment Co Ltd acquired an undisclosed minority stake in Shanghai Huzan Information Technology Co Ltd, a Shanghai-based internet service provider, for a total CNY 201.363 mil (USD 30 mil), in a privately negotiated transaction.
03/19/19 Shanghai Custom Computer - Investor Investor Group - CHINA - An investor group, comprised of BlueRun Gaussian Programming Group Ventures, Seven Seas Partners and Grand Flight Investment Automation Services Management Co Ltd acquired an undisclosed minority stake in Shanghai Gaussian Automation Technology Development Co Ltd, a Shanghai-based provider of custom computer programming services, in a privately negotiated transaction.
03/19/19 Doctolib SAS Internet Service - Investor Investor Group 170.04 FRANCE - An investor group, comprised of Accel Partners Providers Group & Co Inc, Eurazeo SE, General Atlantic LLC, Kernel Investissements SC and Bpifrance Financement SA acquired an undisclosed minority stake in Doctolib SAS, a Paris-based internet service provider, for a total EUR 150 mil (USD 170.04 mil), in a privately negotiated transaction.
03/14/19 eHealth Global Data Processing, - Aldrich Aldrich Capital 41.00 US - Aldrich Capital Partners acquired an undisclosed minority Tech Inc Hosting, and Capital Partners stake in eHealth Global Technologies Inc, a West Henrietta- Related Services Partners based provider of data processing and hosting services, for a total USD 41 mil, in a privately negotiated transaction.
03/13/19 Workfront Inc Enterprise Software - Investor Investor Group 280.00 US - An investor group, comprised of W Capital Partners, Group Susquehanna Growth Equity LLC and AB Private Credit Investors LLC, a unit of AllianceBernstein Holding LP, acquired an undisclosed minority stake in Workfront Inc, a Lehi-based enterprise work management application software, for an estimated USD 280 mil, in a privately negotiated transaction.
03/13/19 ULink AgriTech Internet Publishing - Investor Investor Group 27.00 INDIA - An investor group, comprised of Accel Partners & Co Pvt Ltd and Broadcasting Group Inc, Aavishkar Bharat Fund, a unit of Aavishkaar Venture and Web Search Management Services Pvt Ltd, Bertelsmann Corporate Portals Services India Pvt Ltd, a unit of Bertelsmann Se & Co KGaA and Chiratae Ventures acquired an undisclosed minority stake in ULink AgriTech Pvt Ltd, a Pune- based internet portal operator, for a total INR 1. 88 bil (USD 27 mil), in a privately negotiated transaction.
03/13/19 Shanghai Software Publishers - Sequoia Sequoia Capital 44.73 CHINA - Sequoia Capital China, a unit of Sequoia Capital Jushuitan Capital China Operations LLC Operations LLC, acquired an undisclosed minority stake in Internet Shanghai Jushuitan Internet Technology Co Ltd, a Shanghai -based software publisher, for a total CNY 300 mil (USD 44.729 mil), in a privately negotiated transaction. www.buyoutsnews.com April 1, 2019 | BUYOUTS | 39 MARKET INTELLIGENCE
HIGH TECHNOLOGY Rank Target Name Target Short Target Acquiror Full Acquiror Ranking Value Synopsis Date Business Advisers Name Ultimate Parent inc. Net Debt of Description Target ($Mil)
03/12/19 Whatfix Inc Software Publishers - Investor Investor Group 12.50 US - An investor group, comprised of Eight Roads Ventures Group India, Stellaris Venture Partners, Cisco Investments Ltd, a unit of Cisco Systems Inc, Helion Venture Partners LLC, and F- Prime Inc acquired an undisclosed minority stake in Whatfix Inc, a San Jose- based software publisher, a unit of Quicko Technosoft Labs Pvt Ltd, for a total USD 12.5 mil, in a privately negotiated transaction.
03/06/19 Shenzhen Fadada Internet Service - Investor Investor Group 59.35 CHINA - An investor group, comprised of Ares Management Network Tech Providers Group Corp, Vision Capital, Tiger Global Management LLC and Tencent Holdings Ltd acquired an undisclosed minority stake in Shenzhen Fadada Network Technology Co Ltd, a Shenzhen- based internet service provider, for a total CNY 398 mil (USD 59.35 mil), in a privately negotiated transaction. INDUSTRIALS Rank Target Name Target Short Target Acquiror Full Acquiror Ranking Value Synopsis Date Business Advisers Name Ultimate Parent inc. Net Debt of Description Target ($Mil)
03/15/19 Jeanologia SL Textile Machinery - The Carlyle The Carlyle - SPAIN - The Carlyle Group LP (Carlyle) of the US acquired an Manufacturing Group LP Group LP undisclosed minority stake in Jeanologia SL, a Valencia- based manufacturer of textile machinery, from MCH Private Equity Investments SGEIC SAU, a unit of Linschoten SL, in a privately negotiated transaction. Originally, in March 2019, Carlyle was rumored to be planning to acquire a 40% stake in Jeanologia.
03/13/19 Kane Is Able Inc General Republic Harkness Harkness - US - Harkness Capital Partners LLC acquired an undisclosed Warehousing and Partners Capital Capital Partners minority stake in Kane Is Able Inc, a Taylor- based provider of Storage LLC Partners LLC LLC warehousing and storage services, in a privately negotiated transaction. Terms were not disclosed.
03/10/19 Carrix Inc Pvd marine,rail - Blackstone Blackstone - US - Blackstone Infrastructure Partners LP, a unit of terminal svcs Infrastructure Group LP Blackstone Group LP, planned to acquire an undisclosed Partners LP minority stake in Carrix Inc, a Seattle-based short line railroad operator, a unit of FRS Capital Corp, in a privately negotiated transaction. Terms were not disclosed. MATERIALS Rank Target Name Target Short Target Acquiror Full Acquiror Ranking Value Synopsis Date Business Advisers Name Ultimate Parent inc. Net Debt of Description Target ($Mil)
03/08/19 Advanced All Other Basic - Orbimed Asia Orbimed - INDIA - Orbimed Asia III Mauritius Ltd of Mauritius, a unit of Orbimed Enzyme Tech Ltd Inorganic Chemical III Mauritius Advisors LLC Advisors LLC, acquired a 9.9% stake or 11. 053 mil ordinary shares in Manufacturing Ltd Advanced Enzyme Technologies Ltd, a Mumbai-based manufacturer of inorganic chemicals, in a privately negotiated transaction. MEDIA AND ENTERTAINMENT Rank Target Name Target Short Target Acquiror Full Acquiror Ranking Value Synopsis Date Business Advisers Name Ultimate Parent inc. Net Debt of Description Target ($Mil)
03/15/19 MDC Partners Inc Provides marketing - Stagwell Stagwell Group 100.00 US - Stagwell Group LLC acquired a 29.2% minority stake, or 14.286 communications Group LLC LLC mil Class A common shares and USD 50 mil convertible preferred and advertising shares in MDC Partners Inc, a New York-based provider of marketing services. communications and advertising services, for USD 3.5 per share, or a total USD 100 mil, in a privately negotiated transaction. RETAIL Rank Target Name Target Short Target Acquiror Full Acquiror Ranking Value Synopsis Date Business Advisers Name Ultimate Parent inc. Net Debt of Description Target ($Mil)
03/16/19 Beijing Yijiupi Electronic Shopping - Warburg Warburg Pincus 100.00 CHINA - Warburg Pincus LLC of the US acquired an Ecommerce Co Pincus LLC LLC undisclosed minority stake in Beijing Yijiupi Ecommerce Co Ltd, a Beijing-based online retailer, for a total CNY 671. 29 mil (USD 100 mil), in a privately negotiated transaction. 40 | BUYOUTS | April 1, 2019 www.buyoutsnews.com MARKET INTELLIGENCE
RETAIL Rank Target Name Target Short Target Acquiror Full Acquiror Ranking Value Synopsis Date Business Advisers Name Ultimate Parent inc. Net Debt of Description Target ($Mil)
03/15/19 Ssg.Com Corp Electronic Shopping - Investor Investor Group 616.70 SOUTH KOREA - An investor group, comprised of Braxa Asia Group Two Co Ltd (2.307%), Convergent Tradechannels Kft Co Ltd (11.539%), a unit of Affinity Equity Partners (S) Pte Ltd and Braxa Asia Fund I LP (9.231%), agreed to acquire a 23.077% stake in Ssg.Com Corp, a Seoul-based online retailer, a unit of E- Mart Inc, for a total value of KRW 700 bil (USD 616.7 mil) , in a privately negotiated transaction.
03/14/19 Faasos Food Own,operate - Investor Investor Group 15.83 INDIA - An investor group, comprised of Lightbox Ventures Services Pvt Ltd restaurants Group Management, a unit of Lightbox Management Ltd, Evolvence India Fund, a unit of Evolvence Capital Ltd and Sequoia Capital India Advisors Pvt Ltd acquired an undisclosed minority stake in Faasos Food Services Pvt Ltd (Faasos), a Mumbai-based full- service restaurant operator, for a total INR 1.1 bil (USD 15.826 mil), in a privately negotiated transaction. Originally, In Oct 2018, Faasos was rumored to be seeking a buyer for an undisclosed minority stake in the company. Terms were not disclosed, according to people familiar with the transaction, the deal was valued at an estimated INR 7351.86 mil (USD 100 mil).
03/11/19 Xolo Info & Tech Electronic Shopping - Investor Investor Group 13.00 CHINA - An investor group, comprised of DCM Ventures, Digitalis LLC Group Ventures LLC, Long Capital Partners Ltd, Seek Ventures, FJ Labs LLC, Tekton Ventures and Unity Ventures acquired an undisclosed minority stake in Xolo Information & Technology LLC, a Shanghai- based online retailer, for a total CNY 87. 361 mil (USD 13 mil), in a privately negotiated transaction. EXITS U.S. Sponsor Sales Via M&A (March 6, 2019 - March 20, 2019) CONSUMER PRODUCTS AND SERVICES Date Target Name Target Ultimate Parent Acquiror Full Ranking Value Synopsis Effective Name inc. Net Debt of Target ($Mil)
03/12/19 UTEX Industries Riverstone Holdings Teescraft - UK - Teescraft Engineering Ltd acquired UTEX Industries UK Ltd, an Ashington- UK Ltd LLC Engineering based manufacturer of packing devices, from UTEX Industries Inc, ultimately Ltd owned by Riverstone Holdings LLC.
03/08/19 Wittur Holding Bain Capital LP Public Sector - GERMANY - The Canadian state- owned Public Sector Pension Investment Board acquired GmbH Pension a 32% stake in Wittur Holding GmbH, a Wiedenzhausen-based manufacturer of metal Investment windows and doors, a unit of Bain Capital LLC, ultimately owned by Bain Capital LP, in a Board privately negotiated transaction. Terms of the transaction were not disclosed. ENERGY AND POWER Date Target Name Target Ultimate Parent Acquiror Full Ranking Value Synopsis Effective Name inc. Net Debt of Target ($Mil)
03/11/19 Petro Waste Tailwater Capital LLC WM Energy - US - WM Energy Services Holdings LLC, a unit of Waste Management Inc, Environmental LP Services acquired Petro Waste Environmental LP, a San Antonio-based provider of solid Holdings LLC waste collection services, from Tailwater Capital LLC. Terms were not disclosed. FINANCIALS Date Target Name Target Ultimate Parent Acquiror Full Ranking Value Synopsis Effective Name inc. Net Debt of Target ($Mil)
03/06/19 GI Partners LLP GI Partners LLP Blackstone - US - Blackstone Group LP acquired an undisclosed minority stake in GI Partners LLP, Group LP a San Francisco-based financial sponsor, in a privately negotiated transaction. www.buyoutsnews.com April 1, 2019 | BUYOUTS | 41 MARKET INTELLIGENCE
HEALTHCARE Date Target Name Target Ultimate Parent Acquiror Full Ranking Value Synopsis Effective Name inc. Net Debt of Target ($Mil)
03/18/19 Center for Black Diamond Capital Wellspring - US - Wellspring Capital Management LLC acquired Center for Diagnostic Diagnostic Imaging Mgmt LLC Capital Imaging Inc, a Minneapolis-based diagnostic imaging center operator, from Inc{CDI} Management Insight Imaging Inc, ultimately owned by Black Diamond Capital Management LLC LLC. Terms were not disclosed.
03/08/19 Civitas Solutions Inc Vestar Capital Partners Centerbridge 1,338.26 US - Centerbridge Partners LP (Centerbridge Partners) merged with Civitas Inc Partners LP Solutions Inc (Civitas Solutions), a Boston-based provider of home and community health services, from Vestar Capital Partners Inc (Vestar Capital Partners), for USD 17.75 in cash per share, or a total value of USD 643.068 mil, in a leveraged buyout transaction. In October 2018, Vestar Capital Partners was rumored to seeking a buyer for the entire share capital of Civitas Solutions. Res- Care Inc (BrightSpring Health Services) was rumored as a potential bidder. HIGH TECHNOLOGY Date Target Name Target Ultimate Parent Acquiror Full Ranking Value Synopsis Effective Name inc. Net Debt of Target ($Mil)
03/18/19 Lighthouse 360 Siris Capital Group LLC Henry Schein - US - Henry Schein One LLC, jointly owned by Internet Brands Inc and Henry One LLC Schein Inc, acquired Lighthouse 360, a New York City-based provider of data processing and hosting services, from Web.com Inc, owned by Website Pros Inc. Terms were not disclosed.
03/07/19 LOFA Industries Inc Hunters Gate Holdings Harbour - US - Harbour Group Ltd acquired LOFA Industries Inc (LOFA), a Roswell-based LLC Group Ltd manufacturer of relays and industrial controls, from Hunters Gate Holdings LLC, in a secondary buyout transaction. Originally, an investor group, comprised of Hunters Gate Holdings LLC, and the management of LOFA, acquired LOFA. Terms were not disclosed. INDUSTRIALS Date Target Name Target Ultimate Parent Acquiror Full Ranking Value Synopsis Effective Name inc. Net Debt of Target ($Mil)
03/15/19 Western Industries Speyside Equity LLC LJC - US - LJC Investments IV LLC, a unit of Littlejohn Capital LLC, acquired Western Plastic Products LLC Investments Industries Plastic Products LLC, a Winfield-based manufacturer of plastics and IV LLC rubber industry machinery, from Speyside Equity LLC.
03/08/19 International KPS Capital Partners Stanley Black 690.00 US - Stanley Black & Decker Inc acquired attachments business of International Equipment Solutions LP & Decker Inc Equipment Solutions LLC, an Oak Brook-based manufacturer of construction LLC-Attachments machinery, ultimately owned by KPS Capital Partners LP, for USD 690 mil in Business cash. MATERIALS Date Target Name Target Ultimate Parent Acquiror Full Ranking Value Synopsis Effective Name inc. Net Debt of Target ($Mil)
03/19/19 TA Corporate CI Capital Partners LLC Airgas Inc - US - Airgas Inc, a unit of Air Liquide International SA, acquired TA Corporate Holdings Inc Holdings Inc, a Danbury-based chemical and allied products merchant wholesaler, from CI Capital Partners LLC. RETAIL Date Target Name Target Ultimate Parent Acquiror Full Ranking Value Synopsis Effective Name inc. Net Debt of Target ($Mil)
03/13/19 Fenix Parts Stellex Capital Goldy Metals - CANADA - Goldy Metals Inc acquired Canadian operations of Fenix Parts Inc, a Inc-Canadian Management LP Inc Westchester-based automotive parts and accessories retailer, ultimately owned Operations by Stellex Capital Management LP. Terms were not disclosed.