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Market Intelligence 34 | BUYOUTS | August 28, 2017 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 Paul Centopani at [email protected] with questions or comments. DEAL FLOW Seeking Buyers–U.S. Targets (July 26, 2017 - August 14, 2017) CONSUMER PRODUCTS AND SERVICES Date Target Name Target City Target State Target Full Business Description Target Advisors Synopsis Announced 08/11/17 Brambles Ltd-N - Michigan The North American Recycled - US - In August 2017, Brambles Ltd, a Sydney, Amer Recycled Whitewood Pallet Business of Brambles New South Wales-based provider of pallet Ltd, located in Michigan. It includes and container pooling services, announced 80 plants and TPM (total pallet that it was seeking a buyer for its North management) sites which currently American Recycled Whitewood Pallet service its recycled pallet operations. Business. REAL ESTATE Date Target Name Target City Target State Target Full Business Description Target Advisors Synopsis Announced 08/04/17 Chesterfield Chesterfield Missouri Chesterfield Mall, located in Chesterfield, - US - In August 2017, C-III Asset Management Missouri, is a shopping center. LLC announced that it was seeking a buyer for its Chesterfield Mall unit, a Chesterfield- based lessor of nonresidential buildings. RECENT DEALS Announced, Pending LBOs By U.S. Sponsors (July 26, 2017 - August 14, 2017) 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 ($Mil) 08/11/17 Mayors Jewelers Mnfr and Aurum Holdings Ltd Apollo - US - Aurum Holdings Ltd of the UK, a unit of Apollo Global Inc wholesale Global Management LLC, planned to acquire Mayors Jewelers Inc, a Sunrise- jewelry Management based manufacturer of jewelry, from Birks & Mayors Inc. LLC 08/02/17 Ten-X LLC All Other Investor Group Investor - US - An investor group, lead by Thomas H Lee Partners LP, a unit Professional, Group of Thomas H Lee Co, definitively agreed to acquire an undisclosed Scientific, majority interest in Ten-X LLC, an Irvine-based provider of and Technical professional services. Terms were not disclosed but, according to Services people familiar with the transaction, the deal was valued at an estimated USD 1 bil. 08/10/17 Safe Fuel Research and B&E Group-MRO Morgenthaler - US - B&E Group-MRO business unit, a unit of B&E Group LLC, Systems Inc Development business unit Private Equity planned to acquire the remaining stake, which it did not already own, in The in Safe Fuel Systems Inc, a Hialeah-based provider of research and Physical, development services. Engineering and Lifesciences (Except Biotechnology) 08/02/17 MDSL Office Sumeru Equity Sumeru - Flash: UK - Sumeru Equity Partners Inc of the US planned to International Ltd Administrative Partners Inc Equity acquire the remaining stake, which it did not already own, in MDSL Services Partners Inc International Ltd, provider of office administrative services, from CROS NT Ltd, ultimately owned by CROS NT LLC, in a leveraged buyout transaction. www.buyoutsnews.com August 28, 2017 | BUYOUTS | 35 MARKET INTELLIGENCE CONSUMER PRODUCTS AND SERVICES Rank Date Target Name Target Short Acquiror Full Name Acquiror Ranking Value Synopsis Business Ultimate inc. Net Debt of Description Parent Target ($Mil) 08/04/17 GMO Renewable Pvd forest The Rohatyn Group TRG - US - The Rohatyn Group Management LP definitively agreed to acquire Resources LLC invest mgmt Management LP Management GMO Renewable Resources LLC, a Boston-based provider of administrative svcs LP management and general management consulting services, from Grantham Mayo Van Otterloo & Co LLC, in a leveraged buyout transaction. 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 ($Mil) 08/01/17 Novel Ingredient Dried and Innophos Holdings Bain Capital 125.000 US - Innophos Holdings Inc, a unit of Bain Capital LLC, definitively agreed Solutions LLC Dehydrated Inc LP to acquire the entire share capital of Novel Ingredient Solutions LLC, a Food West Caldwell-based manufacturer of dried and dehydrated foods, from Manufacturing GenNx360 Capital Partners LLC, for a total USD 125 mil, in a reverse takeover transaction. 08/14/17 pH Beauty Labs Mnfr beauty Yellow Wood Yellow Wood - US - Yellow Wood Partners LLC planned to acquire pH Beauty Labs Inc, a Los Inc prod Partners LLC Partners LLC Angeles-based manufacturer of detergents, from Champion Capital Partners, in a leveraged buyout transaction. FINANCIALS Rank Date Target Name Target Short Acquiror Full Name Acquiror Ranking Value Synopsis Business Ultimate inc. Net Debt of Description Parent Target ($Mil) 08/09/17 Ocean Dial Asset Investment Avendus Capital KKR & Co LP - UK - Avendus Capital Pvt Ltd (Avendus Capital) of India, a unit of KKR Asian Management Ltd Advice Pvt Ltd Fund II LP, agreed to acquire Ocean Dial Asset Management Ltd (Ocean Dial Asset), a London-based investment advisor. The terms of the transaction were not disclosed, but according to sources close to the transaction, the value was estimated at GBP 426.158 mil (USD 550 mil). Originally, In June 2017 Avendus Capital was rumored to be planning to acquire Ocean Dial Asset. 08/02/17 Cuso Financial Securities Atria Wealth Lee Equity - US - Atria Wealth Solutions Inc, a unit of Lee Equity Partners LLC, agreed to Services LP brokerage firm Solutions Inc Partners LLC acquire the entire share capital of Cuso Financial Services LP, a San Diego- based investment bank. 07/27/17 Edgewood Provides Oak Hill Capital Oak Hill - US - Oak Hill Capital Partners LP agreed to acquire an undisclosed majority Partners insurance Partners LP Capital interest in Edgewood Partners Insurance Center, a San Francisco-based Insurance Center brokerage Partners LP direct property and casualty insurance carrier, from The Carlyle Group LP, in a services leveraged buyout transaction. HEALTHCARE Rank Date Target Name Target Short Acquiror Full Name Acquiror Ranking Value Synopsis Business Ultimate inc. Net Debt of Description Parent Target ($Mil) 08/09/17 Davis Vision Inc Offices Of Centerbridge Centerbridge - US - Centerbridge Partners LP definitively agreed to acquire Davis Vision Inc, Physicians Partners LP Partners LP a Plainview-based owner and operator of vision care company, from HVHC (Except Inc, ultimately owned by Highmark Inc, in a leveraged buyout transaction. Mental Health Concurrently, Centerbridge planned to acquire an undisclosed minority stake Specialists) in Visionworks Inc. 08/08/17 Covenant Own,op Kohlberg Kravis KKR & Co LP - US - Kohlberg Kravis Roberts & Co LP, a unit of KKR & Co LP, planned to Surgical Partners ambulatory Roberts & Co LP acquire Covenant Surgical Partners Inc, a Nashville-based owner and Inc centers operator of ambulatory surgery center, from DFW Capital Partners LP, in a leveraged buyout transaction. Terms were not disclosed. 08/08/17 American Ambulance Air Medical Group KKR & Co LP 2400.000 US - Air Medical Group Holdings Inc, a unit of KKR & Co LP, definitively Medical Services Holdings Inc agreed to merge with American Medical Response Inc, a Greenwood Village- Response Inc based provider of ambulance services, from Envision Healthcare Corp, for USD 2.4 bil in cash. 08/11/17 Perrigo API Ltd Pharmaceutical SK Capital Partners SK Capital 110.000 ISRAEL - SK Capital Partners LP of the US planned to acquire Perrigo API Ltd, a Preparation LP Partners LP Bnei Brak-based manufacturer of pharmaceutical preparation, from Perrigo Co Manufacturing PLC, for a total ILS 394.373 mil (USD 110 mil), in a leveraged buyout transaction. 36 | BUYOUTS | August 28, 2017 www.buyoutsnews.com MARKET INTELLIGENCE HIGH TECHNOLOGY Rank Date Target Name Target Short Acquiror Full Name Acquiror Ranking Value Synopsis Business Ultimate inc. Net Debt of Description Parent Target ($Mil) 08/03/17 BackOffice Pvd data mgmt Bridge Growth Bridge - US - Bridge Growth Partners LLC definitively agreed to acquire Associates LLC solution svcs Partners LLC Growth an undisclosed majority interest in BackOffice Associates LLC, a Partners LLC Hyannis-based provider of data processing and hosting services, in a leveraged buyout transaction. Terms were not disclosed. 07/26/17 Corsair Mnfr,whl EagleTree Capital LP EagleTree 525.000 US - EagleTree Capital LP definitively agreed to acquire an undisclosed Components Inc computer Capital LP majority interest in Corsair Components Inc (Corsair Components), a peripherals Fremont-based manufacturer and wholesaler of computer peripherals, from Francisco Partners LP (Francisco Partners) and undisclosed shareholders, for USD 525 mil in cash, in a secondary buyout transaction. Originally, Francisco Partners acquired an undisclosed majority interest in Corsair Components, in a leveraged buyout transaction. 08/14/17 Exact Group Software Investor Group Investor - FRANCE - An investor group, comprised of Apax Partners LP, a unit of BV-Specialized Publishers Group Apax Partners LLP and ECi Software Solutions Inc agreed to acquire Solutions specialized solutions division of Exact Group BV, a Delft-based Division software publisher, owned by Exact Holding NV. 08/04/17 Frontline Computer Thoma Bravo LLC Thoma Bravo -
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