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Market Intelligence 28 | BUYOUTS | November 5, 2018 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 (October 10, 2018 - October 23, 2018) DEAL FLOW Date Target Name Target City Target Target Full Business Description Target Synopsis Announced State Advisors 10/16/18 Piramal Pharma Lexington KY Piramal Pharma Solutions Inc is a manufacturer of - US - In October 2018, Piramal Enterprises Ltd was Solutions Inc pharmaceutical preparation. The Company is located in rumored to be seeking a buyer for its Piramal Lexington, Kentucky. Pharma Solutions Inc unit, a Lexington-based manufacturer of pharmaceutical preparation. HIGH TECHNOLOGY Date Target Name Target City Target Target Full Business Description Target Synopsis Announced State Advisors 10/17/18 DataXu Inc Boston MA DataXu Inc, located in Boston, Massachusetts, develops software. The - US - In October 2018, DataXu Inc, a Boston- company offersDX2 Platform, that gives the power ro manage media based software publisher, announced that it investments to brands; DX Mobile and DX video. was seeking a buyer for the company. MATERIALS Date Target Name Target City Target Target Full Business Description Target Synopsis Announced State Advisors 10/22/18 Linde AG-US - DE The US bulk business of Linde AG, located in the United - US - In October 2018, Linde AG, a Munich-based Bulk Business States. It also includes certain carbon monoxide, hydrogen manufacturer of industrial gas, announced that and steam methane reforming businesses. it was seeking a buyer for its US Bulk business. The transaction was to also include certain carbon monoxide, hydrogen and steam methane reforming businesses. The transaction was a condition to the completion of Praxair - Linde transaction. MEDIA AND ENTERTAINMENT Date Target Name Target City Target Target Full Business Description Target Synopsis Announced State Advisors 10/17/18 Publicis New York NY Publicis Healthcare Communications Group, located in New - US - In October 2018, Publicis Groupe SA Healthcare City York City, New York, provides advertising and marketing services announced that it was seeking a buyer for its Communica specializing in healthcare sectors through medical education, Publicis Healthcare Communications Group sales, medical and scientific affairs and consulting. It operates in unit, a New York City-based provider of 41 locations in 10 countries. The Company was founded in 2003. healthcare marketing consulting services. RECENT DEALS Announced, Pending LBOs By U.S. Sponsors (October 10, 2018 - October 23, 2018) 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 ($Mil) 10/22/18 Sharp Commun Security Mobile WJ Partners - FLASH : US - Mobile Communications America Inc, a unit of WJ & Sec Solutions Systems Communications LLC Partners LLC, planned to acquire Sharp Communication & Security Services (Except America Inc Solutions, a Huntsville-based provider of security systems services. Locksmiths) 10/19/18 MWH Global Inc Pvd envi Oaktree Capital Oaktree - US - Oaktree Capital Management LP, a unit of Oaktree Capital Group LLC, consulting Management LP Capital agreed to acquire MWH Global Inc, a Broomfield-based provider of technical svcs Group LLC consulting services, from Stantec Inc, in a leveraged buyout transaction. www.buyoutsnews.com November 5, 2018 | BUYOUTS | 29 MARKET INTELLIGENCE CONSUMER STAPLES Rank Date Target Name Target Short Acquiror Full Name Acquiror Ranking Value Synopsis Business Ultimate inc. Net Debt of Description Parent Target ($Mil) 10/15/18 Greencore US Perishable Hearthside Food Charlesbank 1,075.00 US - Hearthside Food Solutions LLC, jointly owned by Partners Holding LLC Prepared Food Solutions LLC Capital Group AG and Charlesbank Capital Partners LLC, definitively agreed Manufacturing Partners to acquire the entire share capital of Greencore US Holdings LLC, a Dover-based manufacturer of perishable prepared foods, from Greencore Group PLC, for an estimated USD 1.075 bil in cash. 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 ($Mil) 10/22/18 EnLink Pipeline Enlink Midstream General 8,781.09 US - Enlink Midstream LLC (ENLC), a unit of Global Infrastructure Midstream Transportation LLC Electric Co Partners LLC, definitively agreed to acquire the remaining 78% stake, Partners LP Of Natural Gas or 273.270 mil common shares which it did not already own, in EnLink Midstream Partners LP (ENLK), a Dallas-based pipeline transportation services of natural gas, for a total USD 3.557 bil, in a stock swap reverse takeover transaction. The shares were valued based on ENLC's closing stock price of USD 16.05 on 19 October 2018, the last full trading day prior to the announcement. The value was prorated at 55% based on the 23% stake owned by GIC in ENLK. Upon completion, the merged entity will be named EnLink Midstream LLC. 10/22/18 Weatherford Intl Support Investor Group Investor 205.00 US - An investor group, comprised of Oil & Gas Labs LLC, and Carlyle PLC-Lab Svcs Activities For Group Energy Mezzanine Opportunities Fund II LP, a unit of The Carlyle Group Oil and Gas LP, definitively agreed to acquire the laboratory services business of Operations Weatherford International PLC, a Houston-based provider of oil and gas field products and services, for an estimated total USD 205 mil. 10/19/18 MWH Water and Oaktree Capital Oaktree - US - Oaktree Capital Management LP, a unit of Oaktree Capital Group Constructors Inc Sewer Line Management LP Capital LLC, planned to acquire MWH Constructors Inc, a Broomfield-based and Related Group LLC water and sewer Line constructor, from MWH Global Inc, ultimately Structures owned by Stantec Inc, in a leveraged buyout transaction. The Construction transaction was to include Slayden Constructors Inc. FINANCIALS Rank Date Target Name Target Short Acquiror Full Name Acquiror Ranking Value Synopsis Business Ultimate inc. Net Debt of Description Parent Target ($Mil) 10/23/18 GDM Advisory Investment Wealth Lightyear - FLASH: US - Wealth Enhancement Group LLC, a unit of Lightyear Group Advice Enhancement Group Capital LLC Capital LLC, planned to acquire GDM Advisory Group, a Fort LLC Washington-based investment advisor. 10/22/18 Xpekt Ltd Insurance NSM Insurance ABRY - FLASH: UK - NSM Insurance Group Inc of the US, a unit of ABRY Agencies and Group Inc Partners LLC Partners LLC, planned to acquire Xpekt Ltd, a Chelmsford-based Brokerages insurance agency. 10/16/18 ADVAM PTY Ltd Financial Transaction Network TNS Inc - AUSTRALIA - Transaction Network Services Inc of the US, jointly Transactions Services Inc owned by TNS Inc and Gtcr LLC, agreed to acquire ADVAM Pty Ltd, an Processing, Adelaide-based provider of payment processing solutions. Reserve, and Clearinghouse Activities 10/15/18 Enermech Group Miscellaneous The Carlyle Group LP The Carlyle - JERSEY - The Carlyle Group LP (CGP) of the US agreed to acquire Ltd Intermediation Group LP EnerMech Group Ltd (EnerMech), a Saint Helier- based intermediator, from Lime Rock Management 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 GBP 450 mil (USD 591.93 mil). Originally, in October 2018, CGP was rumored to be planning to acquire EnerMech. 10/15/18 Apollo Aviation Pvd aviation The Carlyle Group LP The Carlyle - US - The Carlyle Group LP agreed to acquire the entire share capital Group LLC asset mgmt Group LP of Apollo Aviation Group LLC (Apollo), a Miami-based investment svcs advisor, in a leveraged buyout transaction. Upon completion, Apollo was to be named Carlyle Aviation Partners Ltd. 30 | BUYOUTS | November 5, 2018 www.buyoutsnews.com MARKET INTELLIGENCE HEALTHCARE Rank Date Target Name Target Short Acquiror Full Name Acquiror Ranking Value Synopsis Business Ultimate inc. Net Debt of Description Parent Target ($Mil) 10/11/18 Affinity Hospice Specialty (Except MBF Healthcare MBF - US - MBF Healthcare Partners LP planned to acquire an undisclosed Psychiatric Partners LP Healthcare majority interest in Affinity Hospice, a Birmingham-based specialty & Substance Partners LP hospital operator, in a leveraged buyout transaction. Abuse) Hospitals 10/11/18 Corium Pharmaceutical Gurnet Point Capital Waypoint 472.4 US - Gurnet Point Capital Ltd, a unit of Waypoint Capital Partners LLC, International Inc Preparation Ltd Capital agreed to acquire the entire share capital of Corium International Inc, Manufacturing Partners LLC a Menlo Park-based manufacturer of pharmaceutical preparation, from Essex Woodlands HealthVentures, for USD 12.5 in cash per share or a total 484.519 mil in cash, in a leveraged buyout transaction. HIGH TECHNOLOGY Rank Date Target Name Target Short Acquiror Full Name Acquiror Ranking Value Synopsis Business Ultimate inc. Net Debt of Description Parent Target ($Mil) 10/17/18 Elo Touchsystems Mnfr,whl touch Crestview Partners Crestview - US - Crestview Partners LP definitively agreed to acquire Elo Inc screen equip LP Partners LP TouchSystems Inc,
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