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, a Menlo Park-based manufacturer of electronic components, from The Gores Group LLC, in a leveraged buyout transaction. Terms of the deal were not disclosed.
10/16/18 X-IO Computer Violin Memory Inc Soros Fund - US - Violin Memory Inc, a unit of Quantum Partners LP, signed a Technologies-X- Storage Device Management letter of intent {LoI} to acquire the X-IO Storage Division of X-IO IO Storage Manufacturing LLC Technologies, a Colorado Springs-based manufacturer of computer storage devices. Terms were not disclosed.
10/10/18 ERA System Srl Software Blujay Solutions Ltd Francisco - ITALY - Blujay Solutions Ltd of the UK, a unit of Kinetic Bidco Ltd, Publishers Partners LP planned to acquire ERA System Srl, a Genoa-based software publisher.
10/10/18 Imperva Inc Software Thoma Bravo LLC Thoma Bravo 1,721.63 US - Thoma Bravo LLC definitively agreed to acquire the entire share Publishers LLC capital of Imperva Inc(Imperva), a Redwood Shores-based cyber security software publisher, for USD 55.75 in cash per common share, restricted stock unit and performance restricted stock unit, for a total value of USD 2.116 bil, in a leveraged buyout transaction. Originally, in July 2016, Imperva was rumored to be seeking a buyer for the entire share capital of the company.
10/10/18 Correlog Inc Provides security BMC Software Inc KKR & Co LP - US - BMC Software Inc, a unit of KKR & Co LP, definitively agreed event log to acquire CorreLog Inc, a Naples-based provider of security log management management services. services INDUSTRIALS Rank Date Target Name Target Short Acquiror Full Name Acquiror Ranking Value Synopsis Business Ultimate inc. Net Debt of Description Parent Target ($Mil)
10/22/18 Magneti Marelli Other Motor Ck Holdings Co Ltd KKR & Co LP 7,138.06 ITALY - CK Holdings Co Ltd (CK Holdings) of Japan, a unit of KKR CK SpA(Fiat SpA) Vehicle Investment LP, definitively agreed to acquire Magneti Marelli SpA Electrical and (Magneti Marelli), a Corbetta- based manufacturer of motor vehicle Electronic electrical equipment, from Fiat Chrysler Automobiles NV, for EUR 6.2 bil Equipment (USD 7.138 bil). Upon completion CK Holdings and Magneti Marelli were Manufacturing to be renamed Magneti Marelli CK Holdings. Originally, in August 2018 KKR was rumored to be planning to acquire Magneti Marelli.
10/22/18 INTTRA Inc Coastal & Great E2open Inc Insight - US - E2open Inc, a unit of Insight Venture Partners LLC, planned to Lakes Freight Venture acquire INTTRA Inc, a Parsippany-based provider of water freight Transportation Partners LLC transportation services.
10/22/18 Voyager Jet Nonscheduled Lynx FBO Network Sterling - US - Lynx FBO Network, a unit of Sterling Group LP, agreed to acquire Center LLC Chartered Group LP Voyager Jet Center LLC, a West Mifflin-based provider of jet charter Passenger Air services. Transportation
10/12/18 Quadion Corp Manufacture KKR & Co LP KKR & Co LP - US - KKR & Co LP planned to acquire Quadion Corp, a Minneapolis- rubber based manufacturer of resilient floor coverings, from Norwest Equity products Partners, in a leveraged buyout transaction. www.buyoutsnews.com November 5, 2018 | BUYOUTS | 31 MARKET INTELLIGENCE
MEDIA AND ENTERTAINMENT Rank Date Target Name Target Short Acquiror Full Name Acquiror Ranking Value Synopsis Business Ultimate inc. Net Debt of Description Parent Target ($Mil)
10/22/18 Full House Own,operate Z Capital Partners Z Capital - US - Z Capital Partners LLC, a unit of Z Capital Group LLC, planned Resorts Inc casinos LLC Group LLC to acquire the entire share capital of Full House Resorts Inc, a Las Vegas-based casino hotel operator, in a leveraged buyout transaction.
10/15/18 Cambium Publishing Veritas Capital Veritas 757.38 US - Veritas Capital Management LLC, a unit of Veritas Capital Learning Group company Management LLC Capital Partners LP, definitively agreed to merge with Cambium Learning Inc Partners LP Group Inc, a Dallas-based book publisher, for USD 14.50 in cash per share, or a total of USD 707.888 mil in cash, in a leveraged buyout transaction.
Closed LBOs By U.S. Sponsors (October 10, 2018 - October 23, 2018) 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)
10/23/18 Pennside Other Management Two Labs Excellere - FLASH: US - Two Labs Marketing LLC, a unit of Excellere Partners Partners Ltd Consulting Services Marketing LLC Partners LLC LLC, acquired Pennside Partners Ltd, a Wyomissing-based provider of management consulting services.
10/22/18 Cook & Metal Window Littlejohn & Littlejohn & - US - Littlejohn & Co LLC acquired Cook & Boardman Inc, a Boardman Inc and Door Co LLC Co LLC Winston-Salem-based manufacturer of metal windows and doors, Manufacturing from Ridgemont Partners Management LLC, in a leveraged buyout transaction. Terms of the deal were not disclosed.
10/22/18 Providence Other Individual Atar Capital LLC Atar Capital LLC - US - Atar Capital LLC acquired Pathways Health & Community Human Services and Family Support LLC, formerly Providence Human Services LLC, a LLC Services Fredericksburg-based provider of individual and family services, from Molina Healthcare Inc, in a leveraged buyout transaction.
10/17/18 Vereco Inc Document Undisclosed Undisclosed - US - Undisclosed Private Equity Co acquired Vereco Inc, a Laguna Preparation Private Eq Co Private Eq Co Niguel-based provider of document preparation services, in a Services leveraged buyout transaction.
10/16/18 Planet Venture Dog Toys Kyjen Co LLC JW Childs - US - Kyjen Co LLC, a unit of JW Childs Associates LP, acquired Inc Manufacturing Associates LP Planet Venture Inc, a Portland-based manufacturer of dog toys.
10/16/18 ESOP Economics Administrative Ascensus Inc Genstar Capital - US - Ascensus Inc, jointly owned by Genstar Capital LLC and Inc Management LLC Aquiline Capital Partners LLC, acquired ESOP Economics Inc, a & General Philadelphia-based provider of administrative management and Management general management consulting services. Consulting Services
10/15/18 The National Pvd exhibition Blackstone Blackstone - UK - Blackstone Group LP of the US acquired The National Exhibition Centre mgmt svcs Group LP Group LP Exhibition Centre Ltd, a Birmingham-based provider of recreation services, from LDC (Managers) Ltd, ultimately owned by Lloyds Banking Group PLC, in a secondary buyout transaction. The terms of the transaction were not disclosed, but according to sources close to the transaction, the value was estimated at GBP 800 mil (USD 1.047 bil). Originally, In October 2018, LDC (Managers) Ltd, ultimately owned by Lloyds Banking Group PLC, was rumored to be seeking a buyer for its The National Exhibition Centre Ltd unit.
10/15/18 Gene Juarez Own,op Transom Capital Transom Capital - US - Transom Capital Group LLC acquired Gene Juarez Salons & Salons & Spas salons,spas Group LLC Group LLC Spas, a Bellevue- based beauty salon operator, from Evergreen Pacific Partners LLC, in a leveraged buyout transaction.
10/15/18 P3C Media LLC Convention and Access Veronis Suhler - US - Access Intelligence LLC, a unit of VS&A CommunicationsPartners Trade Show Intelligence LLC Stevenson III LP, acquired P3C Media LLC, an Irvine-based business-to- Organizers business media company. Terms were not disclosed.
10/15/18 Clinical Network Provide clinical Novotech TPG Capital LP - AUSTRALIA - Novotech(Australia)Pty Ltd, a unit of TPG Capital LP, Services(CNS) research svcs (Australia)Pty Ltd acquired Clinical Network Services(CNS)Pty Ltd, a Queensland- based provider of biotechnology research and development services. Terms were not disclosed. 32 | BUYOUTS | November 5, 2018 www.buyoutsnews.com MARKET INTELLIGENCE
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)
10/12/18 prIME Oncology Colleges, WebMD Health KKR & Co LP - US - WebMD Health Corp, a unit of Internet Brands Inc, acquired LLC Universities, Corp prIME Oncology LLC, an Atlanta-based medical education and Professional provider. Terms were not disclosed. Schools
10/15/18 Andersen Corp- Metal Window Ply Gem Clayton Dubilier 190 US - Ply Gem Holdings Inc, a unit of Clayton Dubilier & Rice Silver Line and Door Holdings Inc & Rice LP LLC, acquired silver line vinyl window & patio door division of Manufacturing Andersen Corp, a Bayport-based millwork merchant wholesaler, for a total USD 190 mil. CONSUMER STAPLES Date Target Name Target Short Acquiror Full Acquiror Ranking Value Synopsis Effective/ Business Name Ultimate Parent inc. Net Debt of Unconditional Description Target ($Mil)
10/15/18 Wheel House Other Hosiery SABG Inc Huron Capital - US - SABG Inc, a unit of Huron Capital Partners LLC, acquired Designs Inc and Sock Mills Partners LLC Wheel House Designs Inc, a Morristown-based hosiery and sock mill operator. ENERGY AND POWER Date Target Name Target Short Acquiror Full Acquiror Ranking Value Synopsis Effective/ Business Name Ultimate Parent inc. Net Debt of Unconditional Description Target ($Mil)
10/22/18 Trans Envi Ltd Remediation HEPACO LLC Gryphon - US - HEPACO LLC, a unit of Gryphon Investors Inc, acquired Trans Services Investors Inc Environmental Ltd, a Loves Park-based provider of remediation services.
10/16/18 Recovery Power and QualTek USA LLC Brightstar - US - QualTek USA LLC, a unit of Brightstar Capital Partners LP, Logistics LLC Communication Capital Partners acquired Recovery Logistics LLC, an Apex-based provider of Line and Related LP business continuity and disaster recovery services, from H&N Structures Holdings LLC. The transaction was to include Site Resources LLC. Construction
10/19/18 Twh Water Provides water DuBois The Jordan 165.00 US - DuBois Chemicals Inc, a unit of The Jordan Co LP, acquired Treatment Inds treatment Chemicals Inc Co LP the entire share capital of TWH Water Treatment Industries Inc, Inc services a Rosemont-based water supply system operator, from Triwater Holdings LLC, owned by The Edgewater Funds and JZ Capital Partners Ltd, for an estimated USD 165 mil. The consideration consisted of USD 148 mil in cash and up to USD 17 mil in profit-related payments. FINANCIALS Date Target Name Target Short Acquiror Full Acquiror Ranking Value Synopsis Effective/ Business Name Ultimate Parent inc. Net Debt of Unconditional Description Target ($Mil)
10/22/18 Beneficial Insurance USI Insurance KKR & Co LP - US - USI Insurance Services LLC, jointly owned by KKR & Co LP Insurance company Services LLC and Caisse De Depot Et Placement Du Quebec, acquired Beneficial Services Insurance Services, direct life insurance carrier, from Beneficial Savings Bank.
10/18/18 Paradigm Grp Llc Insurance Onedigital New Mountain - US - Onedigital Health & Benefits, a unit of New Mountain Capital Agencies and Health & Capital Group LLC, acquired Paradigm Group LLC, a Nashville-based insurance Brokerages Benefits LLC agency.
10/16/18 URIS Group Ltd- Claims Adjusting Davies Group HGGC LLC - UK - Davies Group Ltd (Davies) , a unit of HGGC LLC, acquired Claims Business Ltd claims business of URIS Group Ltd (URIS), a Doncaster-based provider of insurance and pension funds administration services, ultimately owned by The Ardonagh Group Ltd. Originally, Davies was rumored to be planning to acquire claims business of URIS.
10/16/18 Jones Retirement Investment Hub Intl Invst Hellman & - US - Hub International Investment Services Inc, a unit of Hub Plan-Retire Advice Svcs Inc Friedman LLC International Ltd, acquired retirement plan consulting & financial services business of Jones Retirement Plan Advisors LLC, a Tulsa- based investment advisor. Terms were not disclosed. www.buyoutsnews.com November 5, 2018 | BUYOUTS | 33 MARKET INTELLIGENCE
FINANCIALS Date Target Name Target Short Acquiror Full Acquiror Ranking Value Synopsis Effective/ Business Name Ultimate Parent inc. Net Debt of Unconditional Description Target ($Mil)
10/11/18 Total Mgmt Corp Insurance Edgewood Oak Hill Capital - US - Edgewood Partners Insurance Center, a unit of Oak Hill Agencies and Partners Partners LP Capital Partners LP, acquired Total Management Corp, a Melville- Brokerages Insurance based insurance agency.
10/19/18 First Green Miscellaneous Seacoast Bkg CapGen 115 US - Seacoast Banking Corp of Florida, a unit of Capgen Capital Bancorp Inc Intermediation Corp of Florida Financial Group Group III LP, acquired First Green Bancorp Inc, intermediator, for an estimated USD 115 mil.
10/11/18 Catalina Hldg Provides Apollo Global Apollo Global 700 BERMUDA - Apollo Global Management LLC of the US acquired an (Bermuda) Ltd investment Management Management undisclosed majority interest in Catalina Holdings (Bermuda) Ltd, services LLC LLC a Hamilton-based provider of financial investment services, from Caisse De Depot Et Placement Du Quebec and Ontario Teachers' Pension Plan, for USD 700 mil, in a leveraged buyout transaction. 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)
10/12/18 Total Spectrum Offices Of Autism LLR Partners Inc - US - Autism Spectrum Therapies Inc, a unit of Learn-It Systems Llc Mental Health Spectrum LLC, acquired Total Spectrum LLC, an Elmhurst-based mental Practitioners Therapies Inc health practitioner's office operator. (Except Physicians)
10/12/18 Decatur General Medical Envision KKR & Co LP - US - Envision Healthcare Corp, a unit of KKR & Co LP, acquired Radiology and Surgical Healthcare Corp Decatur Radiology Physicians Service Corp, a Decatur-based Physicians Hospitals hospital operator.
10/11/18 Dayton Eye Assoc Offices Of Cei Vision Physicians - US - Cei Vision Partners LLC, jointly owned by Cincinnati Eye Physicians (Except Partners LLC Resource Group Institute Inc and Revelstoke Capital Partners LLC, acquired Dayton Mental Health Inc Eye Associates, a Dayton-based physician's office operator. Specialists)
10/11/18 Abzena PLC Biological Astro Bidco Ltd WCAS XIII LP 35.88 UK - Astro Bidco Ltd, a unit of WCAS XIII LP, acquired the entire Product (Except share capital of Abzena PLC, a Cambridge-based manufacturer Diagnostic) of biological products, for GBP 0.160 (USD 0.203) in cash per Manufacturing share, or a total GBP 34.383 mil (USD 43.653 mil), via scheme of arrangement. Astro Bidco Ltd received irrevocable undertakings with respect to 76.3% of the company's ordinary share capital.
10/11/18 Envision Offices Of KKR & Co LP KKR & Co LP 9,505.85 US - KKR & Co LP (KKR) acquired the entire share capital of Envision Healthcare Corp Physicians Healthcare Corp (Envision), a Nashville-based provider of healthcare (Except services, for USD 46 in cash per share, or a total USD 5.652 bil, in a Mental Health leveraged buyout transaction. On completion, Envision was to be Specialists) delisted in the New York Stock Exchange. On June 2018, KKR was to rumored to be planning to acquire the entire share capital of Envision. 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)
10/23/18 Sigmatek Custom Battery Ventures Battery Ventures - FLASH : US - Battery Ventures LP acquired Sigmatek Systems LLC, Systems LLC Computer LP LP a Cincinnati-based provider of custom computer programming Programming services, in a leveraged buyout transaction. Services
10/22/18 Orion Systems Custom One Equity OEP Parent LLC - FLASH: US - One Equity Partners LLC, a unit of OEP Parent LLC, Integrators LLC Computer Partners LLC acquired an undisclosed majority interest in Orion Systems Programming Integrators LLC, a Monmouth Junction- based provider of Services custom computer programming services, in a leveraged buyout transaction. Terms were not disclosed.
10/22/18 Orgal Strategies Data Processing, Applied Insight Acacia Group - US - Applied Insight LLC, a unit of Acacia Group, acquired Inc Hosting, and Llc Organizational Strategies Inc, a McLean- based provider of data Related Services processing and hosting services. 34 | BUYOUTS | November 5, 2018 www.buyoutsnews.com MARKET INTELLIGENCE
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)
10/22/18 Greenslate Llc Software Veronis Suhler Veronis Suhler - FLASH: US - Veronis Suhler Stevenson Partners LLC acquired Publishers Stevenson Stevenson Greenslate LLC, a New York City-based software publisher, in a leveraged buyout transaction.
10/17/18 Dynamis Software Applied Systems Hellman & - US - Applied Systems Inc, a unit of Hellman & Friedman LLC, acquired Software Corp Publishers Inc Friedman LLC Dynamis Software Corp, a Milwaukee- based software publisher.
10/17/18 AFS Technologies Dvlp end-to-end Symphony Symphony - US - Symphony Technology Group LLC acquired an undisclosed Inc bus software Technology Technology majority interest in AFS Technologies Inc (AFS), a Phoenix-based Group LLC Group LLC software publisher, from Court Square Capital Partners LP, in a secondary buyout transaction. Originally, Court Square Capital Partners LP acquired an undisclosed majority interest in AFS, in a primary buyout transaction.
10/16/18 Dunbar Sec Custom ControlScan Inc ECG Holding Co - US - ControlScan Inc, a unit of ECG Holding Co, acquired Dunbar Solutions Inc Computer Security Solutions Inc, a Hunt Valley-based provider of custom Programming computer programming services. Terms were not disclosed. Services
10/16/18 NovoEd Inc Software Devonshire FMR Corp - US - Devonshire Investors LLC, a unit of Fidelity Investments, Publishers Investors LLC acquired NovoEd Inc, a San Francisco-based online learning software company, in a leveraged buyout transaction.
10/16/18 ITN International Provides event Aventri HGGC LLC - US - Aventri, a unit of HGGC LLC, acquired ITN International Corp, Corp management a Bethesda-based provider of event management services. services
10/16/18 Applied Logic Inc Software Censis The Riverside - US - Censis Technologies Inc, a unit of The Riverside Co, acquired Publishers Technologies Inc Co Applied Logic Inc, a St. Louis-based software publisher.
10/16/18 Social Tables Inc Software Cvent Inc Vista Equity - US - Cvent Inc, a unit of Vista Equity Partners LLC, acquired Social Publishers Partners LLC Tables Inc, a Washington DC-based software publisher.
10/16/18 TradeChannel AB Provide info tech Compliance CIP Capital - SWEDEN - Compliance Solutions Strategies LLC of the US, a unit of CIP services Solutions Capital, acquired TradeChannel AB, a Stockholm- based software publisher.
10/15/18 Marcato Digital Software Patron Providence - CANADA - Patron Technology Inc of the US, a unit of Providence Strategic Solutions Inc Publishers Technology Inc Equity Partners Growth LP, acquired Marcato Digital Solutions, a Sydney Forks- based LLC provider of event logistics software. Terms were not disclosed.
10/11/18 eSISO Inc Computer ITRenew Inc ZelnickMedia - US - ITRenew Inc, a unit of ZelnickMedia Corp, acquired eSISO Storage Device Corp Inc, a La Verne-based manufacturer of computer storage devices. Manufacturing Terms were not disclosed.
10/11/18 Spireon Inc Mobile System Greenbriar Greenbriar - US - Greenbriar Equity Group LLC acquired Spireon Inc, an Irvine- Software Equity Group Equity Group based software publisher, from Bertram Capital Management LLC, LLC LLC in a leveraged buyout transaction. Terms were not disclosed.
10/11/18 Tour de Force Inc Software Eden Capital Eden Capital - US - Eden Capital Management LLC acquired Tour de Force Publishers Management Management Inc, a Findlay-based customer relations management software LLC LLC company, in a leveraged buyout transaction.
10/10/18 The Strategic Software Grace Hill Inc Stone Point - US - Grace Hill Inc, a unit of Stone Point Capital LLC, acquired The Solution Publishers Capital LLC Strategic Solution, software publisher.
10/10/18 IPM Software Inc Custom MRI Software GI Partners LLP - US - MRI Software LLC, a unit of GI Partners LLP, acquired IPM Computer LLC Software Inc, a Pasadena- based provider of custom computer Programming programming services. Services
10/11/18 Apex Revenue Data Processing, RevSpring Inc Gtcr LLC - US - RevSpring Inc, a unit of GTCR LLC, acquired the entire Tech Hosting, and share capital of Apex Revenue Technologies, a Saint Paul- based Related Services provider of data processing and hosting services.
10/11/18 Web.com Group Pvd online mktg Siris Capital Siris Capital 2,063.80 US - Siris Capital Group LLC (Siris) acquired the entire share capital of Inc svcs Group LLC Group LLC Web.com Group Inc, a Jacksonville- based provider of internet and online marketing services, for a sweetened USD 28 in cash per share, or a total value of USD 1.451 bil, in a leveraged buyout transaction. Previously, Siris offered USD 25 in cash per share, or a total value of USD 1.286 bil. www.buyoutsnews.com November 5, 2018 | 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)
10/18/18 JC Hunt Co Inc Specialized Freight RelaDyne LLC Audax Group LP - US - RelaDyne LLC, a unit of Audax Group LP, acquired JC Hunt (Except Used Co Inc, a Blanding-based provider of specialized freight trucking Goods) Trucking, services. Long-Distance
10/16/18 Truck City Body All Other Dickinson Fleet Ridgemont - US - Dickinson Fleet Services LLC (Dickinson), a unit of Ridgemont Co Automotive Services LLC Partners Partners Management LLC, acquired Truck City Body Co, a Medley-based Repair and Management provider of automotive repair and maintenance services. Concurrently, Maintenance Dickinson acquired Fleet Technology & Maintenance Corp.
10/16/18 Fleet Tech & General Dickinson Fleet Ridgemont - US - Dickinson Fleet Services LLC (Dickinson), a unit of Ridgemont Maintenance Automotive Services LLC Partners Partners Management LLC, acquired Fleet Technology & Corp Repair Management Maintenance Corp, a Miami-based provider of automotive repair services. Concurrently, Dickinson acquired Truck City Body Co.
10/15/18 Mai Mechanical Plumbing, Jr Hobbs Co Gladstone - US - JR Hobbs Co, a unit of Gladstone Investment Corp, acquired Corp Heating, and Investment Corp Mai Mechanical Corp, a Commerce City-based plumbing, heating Air-Conditioning and air- conditioning contractor. Contractors
10/15/18 PDQ Airspares Transportation Fastener Distn Audax Group LP - UK - Fastener Distribution Holdings LLC of the US, a unit of Audax Ltd Equipment & Hldg LLC Group LP, acquired PDQ Airspares Ltd, a Fordingbridge-based Supplies (Except transportation equipment and supplies merchant wholesaler. Motor Vehicle) Merchant Wholesalers
10/16/18 AFN LLC General Freight Globaltranz The Jordan - US - Globaltranz Enterprises Inc, a unit of The Jordan Co LP, Trucking, Enterprises Inc Co LP acquired AFN LLC, a Niles- based provider of long- distance Long-Distance, freight trucking services. Truckload 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)
10/22/18 Custom Glass Glass Product Stellex Capital Stellex Capital - FLASH: US - Stellex Capital Management LP acquired Custom Solutions LLC Manufacturing Management LP Management LP Glass Solutions LLC, an Upper Sandusky-based manufacturer of Made Of glass products, in a leveraged buyout transaction. Terms were not Purchased Glass disclosed.
10/22/18 Polytek Plastics Material Arsenal Capital Arsenal Capital - US - Arsenal Capital Partners LP acquired Polytek Development Development and Resin Partners LP Partners LP Corp, an Easton- based manufacturer of plastics materials, from Corp Manufacturing Morgenthaler Private Equity, in a leveraged buyout transaction. Terms of the deal were not disclosed.
10/17/18 AAIS Corp Site Preparation Prism Spectrum White Oak - US - Prism Spectrum Holdings LLC acquired AAIS Corp, a West Contractors Holdings LLC Group Inc Haven-based site preparation contractor.
10/15/18 Gaylord Chemical All Other Gaylord EagleTree - US - Gaylord Chemical Co LLC SPV, a special acquisition vehicle Co LLC Miscellaneous Chemical Co LLC Capital LP formed by Farol Asset Management LP, Alberta Teachers' Retirement Chemical SPV Fund Board and EagleTree Capital LP, acquired an undisclosed Product and majority interest in Gaylord Chemical Co LLC, a Slidell- based Preparation manufacturer of dimethyl sulfide (DMS) and dimethyl sulfoxide Manufacturing (DMSO), in a leveraged buyout transaction. Terms were not disclosed.
10/11/18 Polycor Inc Cut Stone and Indiana Wynnchurch - CANADA - Indiana Limestone Co of the US, a unit of Wynnchurch Stone Product Limestone Inc Capital LLC Capital LLC, acquired the entire share capital of Polycor Inc, a Quebec Manufacturing City-based manufacturer of stone products, from Torquest Partners Inc.
10/11/18 Kymera Secondary Palladium Palladium - US - Palladium Equity Partners LLC acquired Kymera International, International Smelting, Equity Partners Equity Partners a Durham-based processor of nonferrous metals, from Platinum Refining, and LLC LLC Equity LLC, in a leveraged buyout transaction. Terms were not Alloying Of disclosed. Nonferrous Metal (Except Copper and Aluminum) 36 | BUYOUTS | November 5, 2018 www.buyoutsnews.com MARKET INTELLIGENCE
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)
10/15/18 SI Group Inc Manufacture SK Capital SK Capital - US - SK Capital Partners LP acquired SI Group Inc, a chemicals Partners LP Partners LP Schenectady-based manufacturer of performance additives and intermediates, in a leveraged buyout transaction.
10/11/18 Imerys Toiture Brick and Lsf10 Impala Lone Star Funds 1,180.70 FRANCE - Lsf10 Impala Investments SARL of Luxembourg, a unit SASU Structural Invests Sarl of Lone Star Fund X (US) LP, acquired Imerys Toiture SASU (Imerys Clay Tile Toiture), a Dardilly-based manufacturer of roof tiles, from Imerys SA Manufacturing (Imerys), owned by Belgian Securities BV, for EUR 1 bil (USD 1.181 bil), via an auction. Originally, in April 2018, Imerys announced that it was seeking a buyer for its Imerys Toiture unit via auction. Carlyle and the consortium of Etex and Cinven were named potential bidders. 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 ($Mil)
10/22/18 Harvard Label Inc Commercial PLI Card Platinum Equity - FLASH: US - PLI Card Marketing Solutions, a unit of Platinum Gravure Printing Marketing LLC Equity LLC, acquired Harvard Label Inc, an Industry-based Solutions provider of commercial gravure printing services.
10/18/18 Integer Research Marketing Argus Media Ltd General Atlantic - UK - Argus Media Ltd, a unit of General Atlantic LLC, acquired Ltd Research & Public LLC Integer Research Ltd, a London-based provider of marketing Opinion Polling research and opinion polling services.
10/11/18 The Hot Plate Marketing Williams Lea Advent - CANADA - Williams Lea Group Ltd of the UK, a unit of Advent Consulting Group Ltd International International Corp, acquired The Hot Plate, a Toronto-based Services Corp provider of marketing consulting services.
10/11/18 Fusefx Inc Motion Picture EagleTree EagleTree - US - EagleTree Capital LP acquired an undisclosed majority and Video Capital LP Capital LP interest in Fusefx Inc, a Los Angeles-based producer of motion Production pictures and videos, in a leveraged buyout transaction.
10/22/18 NEP Group Inc Teleproduction Carlyle Global The Carlyle - US - Carlyle Global Partners LP, a unit of The Carlyle Group LP, and Other Partners LP Group LP acquired an undisclosed majority interest in NEP Group Inc, Postproduction a Pittsburgh-based provider of postproduction services, from Services Crestview Partners LP. Terms were not disclosed. REAL ESTATE Date Target Name Target Short Acquiror Full Acquiror Ranking Value Synopsis Effective/ Business Name Ultimate Parent inc. Net Debt of Unconditional Description Target ($Mil)
10/15/18 La Corona Del Lessors Of Bascom Group Bascom Group 6.3 US - Bascom Group LLC acquired La Corona Del Norte Apartments, Norte Residential LLC LLC a Torrance-based lessor of residential buildings and dwellings, Buildings and for USD 6.3 mil, in a leveraged buyout transaction. Dwellings
10/15/18 Banco De Lessors Of Cerberus Capital Cerberus Capital - SPAIN - Cerberus Capital Management LP (Cerberus) of the US Sabadell-RE Residential Management LP Management LP acquired an 80% ownership interest in the real estate assets of Banco assets Buildings and de Sabadell SA (Sabadell), an Alicante-based commercial bank, in a Dwellings leveraged buyout transaction. Originally, in July 2018, Cerberus was rumored to be planning to acquire the real estate assets of Sabadell.
10/10/18 Gramercy Real estate Blackstone RE Blackstone 7,249.57 US - Blackstone Real Estate Partners VIII LP, a unit of Blackstone Property Trust investment trust Partners VIII LP Group LP Group LP, acquired the entire share capital of Gramercy Property Trust (GPT), a New York-based lessor of residential buildings and dwellings, for USD 27.5 in cash per share, or a total value of USD 4.422 bil. On completion, GPT was delisted in the New York Stock Exchange.
10/10/18 Banco Bilbao Lessors Of Cerberus Capital Cerberus Capital 4,735.60 SPAIN - Cerberus Capital Management LP (Cerberus) of the US Vizcaya-RE Bus Nonresidential Management LP Management LP acquired an 80% ownership interest in real estate business of Banco Buildings (Except Bilbao Vizcaya Argentaria SA (BBVA), a Bilbao-based commercial Miniwarehouses) bank, for an estimated EUR 4 bil (USD 4. 736 bil), in a leveraged buyout transaction, in a formation of a joint venture. Originally, in August 2017, BBVA was rumored to be seeking a buyer for its Anida Desarrollos Inmobiliarios SL unit. Cerberus was named rumored bidder. www.buyoutsnews.com November 5, 2018 | BUYOUTS | 37 MARKET INTELLIGENCE
RETAIL Date Target Name Target Short Acquiror Full Acquiror Ranking Value Synopsis Effective/ Business Name Ultimate Parent inc. Net Debt of Unconditional Description Target ($Mil)
10/17/18 Centurion Svc All Other Misc Store 1315 Capital LLC 1315 Capital LLC - US - 1315 Capital LLC acquired an undisclosed majority interest in Grp Llc Retailers (Except Centurion Service Group LLC, a Franklin Park-based retailer, in a Tobacco Stores) leveraged buyout transaction.
10/10/18 Galimberti- Radio, Television, UniEuro SpA Rhone Group - ITALY - UniEuro SpA, a unit of Italian Electronics Holdings Srl, acquired Euronics and Other LLC 5 euronics stores of Galimberti SpA, a Milan-based electronic Stores(5) Electronics Stores appliances merchant wholesaler, owned by Euronics Italia SpA. TELECOMMUNICATIONS Date Target Name Target Short Acquiror Full Acquiror Ranking Value Synopsis Effective/ Business Name Ultimate Parent inc. Net Debt of Unconditional Description Target ($Mil)
10/18/18 Great Plains Pvd Grain Grain - US - Grain Management LLC acquired Great Plains Communications Commun Inc telecommunications Management Management Inc, a Blair- based telecommunications reseller, from High Touch Inc, svcs LLC LLC in a leveraged buyout transaction. Terms were not disclosed. RECENT TRANSACTIONS Non-Control Deals, U.S. Sponsors (ctober 10, 2018 - October 23, 2018) 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)
10/23/18 Sevenrooms Inc Office - The Alexa Amazon.Com - FLASH : US - The Alexa Fund, a unit of Amazon.Com Inc, Administrative Fund Inc acquired an undisclosed minority stake in Sevenrooms Inc, Services a New York City-based provider of office administrative services, in a privately negotiated transaction.
10/17/18 Avidity Research and - Cureduchenne Cureduchenne - US - Cureduchenne Ventures acquired an undisclosed Biosciences LLC Development in Ventures Ventures minority stake in Avidity Biosciences LLC, a La Biotechnology Jolla- based provider of biotechnology research and development services, in a privately negotiated transaction. Terms were not disclosed.
10/16/18 Syncron Software Publishers - Summit Summit 67.00 SWEDEN - Summit Partners LP of the US acquired an International AB Partners LP Partners LP undisclosed minority stake in Syncron International AB, a Malmo-based software publisher, for a total SEK 599.757 mil (USD 67 mil), in a privately negotiated transaction.
10/16/18 Guy & O'Neill Inc Mnfr - Centre Centre Partners - US - Centre Partners Management LLC acquired an toilet,gels,robes,gowns Partners Management undisclosed minority stake in Guy & O'Neill Inc, a Management LLC Fredonia- based manufacturer of toilet preparations, LLC in a privately negotiated transaction.
10/15/18 Berkeley Lights Research and - Investor Investor Group 95.00 US - An investor group, comprised of Atinum Investment Inc Development in Group Co Ltd, Cota Capital Inc, Shangbay Capital LLC, Walden Biotechnology Riverwood Ventures, jointly owned by Walden International and Riverwood Capital LLC, Black Diamond Ventures LLC, AJS BioTree Healthcare Fund, KTB Network Co Ltd, a unit of KTB Investment & Securities Co Ltd, Paxion Capital LP, Varian Medical Systems Inc, Nikon Corp and Sequoia Capital Operations LLC acquired an undisclosed minority stake in Berkeley Lights Inc, an Emeryville- based provider of biotechnology research and development services, for a total USD 95 mil, in a privately negotiated transaction.
10/11/18 Skinspirit Beauty Salons - PWP Growth Perella - US - PWP Growth Equity Fund LP, a unit of Perella Skincare Clinic Equity Fund Weinberg Weinberg Partners LP, acquired an undisclosed LP Partners LP minority stake in Skinspirit Skincare Clinic & Spa, a Los Gatos-based owner and operator of medical spa, in a privately negotiated transaction. 38 | BUYOUTS | November 5, 2018 www.buyoutsnews.com MARKET INTELLIGENCE
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)
10/10/18 Demisto Inc Security Systems - Investor Investor Group 43.00 US - An investor group, comprised of Accel Partners & Co Services (Except Group Inc, Greylock Partners and Clearsky Security Fund I LLC Locksmiths) acquired an undisclosed minority stake in Demisto Inc, a Cupertino-based provider of security systems services, for a total USD 43 mil, in a privately negotiated transaction.
10/10/18 Nanoview Research and - Investor Investor Group 10.00 US - An investor group, comprised of Sands Capital Diagnostics Inc Development Group Ventures LLC, a unit of Sands Capital Management LLC in The Physical, and PBM Capital Group LLC acquired an undisclosed Engineering and minority stake in Nanoview Diagnostics Inc, a Boston- Lifesciences (Except based provider of research and development services, for Biotechnology) a total USD 10 mil, in a privately negotiated transaction.
10/10/18 SORIL Infra Construction, - Investor Investor Group 28.28 INDIA - An investor group, comprised of ABG Capital Resources Ltd Mining, and Group and Steadview Capital Mauritius Ltd acquired a 12.381% Forestry Machinery stake or 3.9 mil new ordinary shares, in SORIL Infra and Equipment Resources Ltd, a Mumbai-based provider of machinery Rental and Leasing and equipment rental and leasing services, a unit of Indiabulls Integrated Services Ltd, for INR 539 (USD 7.252) in cash per share, or a total INR 2.102 bil (USD 28.282 mil), in a privately negotiated transaction. CONSUMER STAPLES Rank Target Name Target Short Target Acquiror Full Acquiror Ranking Value Synopsis Date Business Advisers Name Ultimate Parent inc. Net Debt of Description Target ($Mil)
10/10/18 VitaCup LLC Coffee and Tea - North Castle North Castle - US - North Castle Partners LLC acquired an undisclosed Manufacturing Partners LLC Partners LLC minority stake in VitaCup LLC, a San Diego-based producer of coffee and tea products, in a privately negotiated transaction. Terms were not disclosed. ENERGY AND POWER Rank Target Name Target Short Target Acquiror Full Acquiror Ranking Value Synopsis Date Business Advisers Name Ultimate Parent inc. Net Debt of Description Target ($Mil)
10/11/18 Amp Solar Group Other Electric - Investor Investor Group 153.07 CANADA - An investor group, led by Zoma Capital Inc Power Generation Group LLC, acquired an undisclosed minority stake in Amp Solar Group Inc, a Port Credit- based electric power generation facility operator, for a total CAD 200 mil (USD 153.069 mil), in a privately negotiated transaction.
10/11/18 Kallpa Hydroelectric Power - Nautilus Inkia I Squared - PERU - Nautilus Inkia Holdings LLC of Cayman Islands Generacion SA Generation Holdings LLC Capital Advisors (Nautilus), a unit of I Squared Capital Advisors LLC, LLC planned to acquire a 25% stake in Kallpa Generacion SA, a Lima-based hydroelectric power generation facility operator, a unit of Inkia Energy Ltd, owned by IC Power Ltd, from Energia del Pacifico SA, in a privately negotiated transaction. Concurrently, Nautilus planned to acquire a 25% stake in Samay I SA.
10/11/18 Samay I SA Other Electric - Nautilus Inkia I Squared - PERU - Nautilus Inkia Holdings LLC of Cayman Islands Power Generation Holdings LLC Capital Advisors (Nautilus), a unit of I Squared Capital Advisors LLC, LLC planned to acquire a 25% stake in Samay I SA, a Lima- based electric power generation facility operator, a unit of IC Power Ltd, ultimately owned by Kenon Holdings Ltd, from Energia del Pacifico SA, in a privately negotiated transaction. Concurrently, Nautilus planned to acquire a 25% stake in Kallpa Generacion SA. www.buyoutsnews.com November 5, 2018 | BUYOUTS | 39 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)
10/18/18 Produce Pay Inc Financial - Investor Investor Group 14.00 US - An investor group, comprised of Anterra Capital Inc, Transactions Group Rabo Frontier Ventures, a unit of Rabobank NA,Arroyo Processing, Grande,California, CoVenture LLC, Social Leverage Group Reserve, and LLC, FJ Labs LLC, GreenHouse Capital, Moonshots Capital, Clearinghouse and Tribeca Angels, acquired an undisclosed minority Activities stake in Produce Pay Inc, a Los Angeles-based provider of financial transactions services, for a total USD 14 mil, in a privately negotiated transaction.
10/15/18 Riverstone Investment - Riverstone Riverstone 72.35 US - Riverstone Energy Ltd, a Guernsey-based closed- Energy Ltd company Energy Ltd Holdings LLC ended investment fund company that invests in the global energy industry, launched a self- tender offer to repurchase up to 4.583 mil common shares, or 5.43% of its entire share capital, for GBP 12 (USD 15. 785) in cash per share, or a total value of GBP 55 mil (USD 72.347 mil).
10/12/18 Veritas Finance All Other - Norwest Wells Fargo 27.01 INDIA - Norwest Venture Partners of the US, a unit of Wells Pvt Ltd Nondepository Venture & Co Fargo & Co, planned to acquire a 15% stake in Veritas Credit Partners Finance Pvt Ltd, a Chennai-based provider of nondepository Intermediation credit intermediation services, for a total INR 2 bil (USD 27.012 mil), in cash, in a privately negotiated transaction.
10/11/18 Prima Insurance Agencies - Investor Investor Group 115.18 ITALY - An investor group, comprised of Blackstone Group Assicurazioni SpA and Brokerages Group LP and Goldman Sachs Private Capital Investing acquired an undisclosed minority stake in Prima Assicurazioni SpA, a Milan-based insurance agency, for a total EUR 100 mil (USD 115.18 mil), in a privately negotiated transaction.
10/10/18 Accordion Investment Advice - FFL Partners FFL Partners - US - FFL Partners LLC acquired an undisclosed minority Partners Llc LLC LLC stake in Accordion Partners LLC, a New York City- based investment advisor, in a privately negotiated transaction.
10/10/18 Halcyon Capital Miscellaneous - Investor Investor Group - US - An investor group, comprised of Dyal Capital Partners Management LP Intermediation Group LP, a unit of Neuberger Berman Group LLC and Tpg Sixth Street Partners Llc acquired an undisclosed minority stake in Halcyon Capital Management LP, a New York-based intermediator, 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)
10/23/18 Stoke Biological Product - Investor Investor Group - FLASH : US - An investor group, comprised of Apple Therapeutics Inc (Except Diagnostic) Group Tree Partners, Cormorant Asset Management LLC, Rtw Manufacturing Investments LLC, Perceptive Advisors LLC and RA Capital Management LLC acquired an undisclosed minority stake in Stoke Therapeutics Inc, a Bedford-based manufacturer of biological products, in a privately negotiated transaction. The deal had a reported value of USD 90 mil.
10/19/18 Castle Creek Pharmaceutical - Investor Investor Group - FLASH : US - An investor group, comprised of Fidelity Pharms Llc Preparation Group Management & Research Co, a unit of FMR Corp and Manufacturing Valor Equity Partners LP acquired an undisclosed minority stake in Castle Creek Pharmaceuticals LLC, a Parsippany-based manufacturer of pharmaceutical preparation, in a privately negotiated transaction. The terms of the transaction were not disclosed, but according to sources close to the transaction, the reported deal value was estimated at USD 71.8 mil.
10/17/18 Gauss Surgical Surgical Appliance - Investor Investor Group 20.00 US - An investor group, comprised of Northwell Inc and Supplies Group Health, Polaris Venture Partners Inc and Softbank Manufacturing Ventures Korea Corp acquired an undisclosed minority stake in Gauss Surgical Inc, a Los Altos- based manufacturer of surgical appliance and supplies, for a total USD 20 mil, in a privately negotiated transaction. 40 | BUYOUTS | November 5, 2018 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)
10/16/18 Velicept Pharmaceutical - Investor Investor Group 15.00 US - An investor group, comprised of Samsara Biocapital Therapeutics Inc Preparation Group LP, CDK Associates LLC, Longitude Venture Partners II LP, a Manufacturing unit of Longitude Capital Management Co LLC, and Becker Ventures LLC, acquired an undisclosed minority stake in Velicept Therapeutics Inc, a Wilmington-based manufacturer of pharmaceutical preparation, a unit of NeXeption LLC, for a total USD 15 mil, in a privately negotiated transaction.
10/16/18 Arosa Llc Home Health Care - Hfmc Capital Hfmc Capital Llc - US - HFMC Capital LLC acquired an undisclosed Services LLC minority stake in Arosa+LivHOME, a Durham-based provider of home health care services, a unit of Bain Capital Double Impact, ultimately owned by Bain Capital LP, in a privately negotiated transaction.
10/15/18 Sotera Medical Surgical and - Investor Investor Group - US - An investor group, comprised of JumpStart Inc, North Corp Medical Instrument Group Coast Angel Fund LLC, Northwest Ohio Venture Fund, Manufacturing Plug & Play LLC and Venture Growth Associates acquired an undisclosed minority stake in Sotera Medical Corp, a Cleveland-based manufacturer of medical instruments, in a privately negotiated transaction.
10/10/18 SmileDirectClub Dental Equipment JP Morgan Investor Investor Group 380.00 US - An investor group, comprised of Clayton Dubilier & Rice LLC and Supplies Group LLC, a unit of Clayton Dubilier & Rice LP Holdings, Kleiner Manufacturing Perkins Caufield & Byers LLC and Spark Capital LP acquired an undisclosed minority stake in SmileDirectClub LLC, a Nashville- based manufacturer of dental equipment and supplies, for a total USD 380 mil, in a privately negotiated transaction.
10/10/18 Rose Dental Grp Offices Of Dentists - MBF MBF Healthcare - US - MBF Healthcare Partners LP acquired an PLLC Healthcare Partners LP undisclosed minority stake in Rose Dental Group Partners LP PLLC, an Austin-based dentist's office operator. 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)
10/23/18 Assent Custom Computer - Warburg Warburg Pincus - FLASH : US - Warburg Pincus LLC acquired an Compliance Inc Programming Pincus LLC LLC undisclosed minority stake in Assent Compliance Services Inc, a New York- based provider of custom computer programming services, in a privately negotiated transaction. The deal had a reported value of USD 100 mil.
10/22/18 Ruths Analytics Data Processing, - SCF Partners SCF Partners - FLASH : US - SCF Partners Ltd acquired an undisclosed And Hosting, and Ltd Ltd minority stake in Ruths Analytics & Innovation LLC, a Related Services Houston-based provider of data processing and hosting services, in a privately negotiated transaction.
10/18/18 thinQ Inc Software Publishers Vaquero Turn/River Turn/River 24.00 US - Turn/River Capital LP acquired an undisclosed minority Capital LLC Capital LP Capital LP stake in thinQ Inc, a Raleigh-based software publisher, for a total USD 24 mil, in a privately negotiated transaction.
10/17/18 Crux Informatics Data Processing, - Investor Investor Group 20.00 US - An investor group, comprised of Citi, a unit of Inc Hosting, and Group Citigroup Inc, Goldman Sachs StrategicInvestments Ltd, Related Services a unit of Goldman Sachs Group Inc and Two Sigma Investments LLC acquired an undisclosed minority stake in Crux Informatics Inc, a San Francisco-based provider of data processing and hosting services, for a total USD 20 mil, in a privately negotiated transaction.
10/17/18 Whitesource Software - Investor Investor Group 35.00 US - An investor group, comprised of Susquehanna Software Reproducing Group Growth Equity LLC, a unit of Susquehanna International Group LLP, 83North Ltd, and M12, a unit of Microsoft Corp, acquired an undisclosed minority stake in Whitesource Software, a New York City- based developer of open source license management and security solution, for a total USD 35 mil, in a privately negotiated transaction. www.buyoutsnews.com November 5, 2018 | BUYOUTS | 41 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)
10/17/18 Syncurity Corp Software Publishers - Maryland Maryland Tech - FLASH: US - The US state- owned Maryland Technology Technology Dvlp Corp Development Corp acquired an undisclosed minority stake Development in Syncurity Corp, a Bethesda- based software publisher. Corp The deal had a reported value of USD 2 mil.
10/16/18 DC Systems Inc Software Publishers - WindSail WindSail 4.00 US - WindSail Capital Group LLC acquired an undisclosed Capital Group Capital Group minority stake in DC Systems Inc, a Redwood City-based LLC LLC software publisher, a unit of Caminus LLC, for a total USD 4 mil, in a privately negotiated transaction.
10/16/18 ConveyIQ Inc Software Publishers - Investor Investor Group 5.50 US - An investor group, comprised of South Central Ventures, Group 3TS Capital Partners Ltd, StarVest Partners LP and undisclosed investors acquired an undisclosed minority stake in ConveyIQ Inc, a New York City- based software publisher, for a total USD 5.5 mil, in a privately negotiated transaction.
10/16/18 Hubb LLC Custom Computer - Investor Investor Group 6.30 US - An investor group, comprised of Five Elms Capital LLC, Programming Group Oregon Venture Fund LLC and Elevate Capital LLC acquired an Services undisclosed minority stake in Hubb LLC, a Vancouver-based provider of custom computer programming services, for a total USD 6.3 mil, in a privately negotiated transaction.
10/15/18 Jooycar SpA Software Publishers - HCS Capital HCS Capital 3.00 CHILE - HCS Capital Partners LLC of the US acquired an Partners LLC Partners LLC undisclosed minority stake in Jooycar SpA, a Santiago- based software publisher, for a total CLP 2.038 bil (USD 3 mil), in a privately negotiated transaction.
10/11/18 G2 Crowd Inc Software Publishers - Investor Investor Group 55.00 US - An investor group, comprised of Accel Partners & Co Inc, Group Emergence Capital Partners, Institutional Venture Partners and Pritzker Group acquired an undisclosed minority stake in G2 Crowd Inc, a Chicago-based software publisher, for a total USD 55 mil, in a privately negotiated transaction.
10/11/18 Mirac Inc Other Electronic - Advantage Advantage 7.55 US - Advantage Capital Partners acquired an undisclosed Component Capital Capital Partners minority stake in Mirac Inc, a Lynchburg-based Manufacturing Partners manufacturer of electronics assembly and fabrication, for a total USD 7.55 mil, in a privately negotiated transaction.
10/11/18 Total Expert Inc Software Publishers - Investor Investor Group 20.00 US - An investor group, comprised of Emergence Capital Group Partners, Rally Ventures Ltd and Arthur Ventures LLC acquired an undisclosed minority stake in Total Expert Inc, a Saint Louis Park-based software publisher, for a total USD 20 mil, in a privately negotiated transaction.
10/10/18 TabSquare Pte Software Publishers - Investor Investor Group 7.24 SINGAPORE - An investor group, comprised of Coca-Cola Ltd Group Amatil Ltd, a unit of Coca- Cola Co, Kakaku.com Inc, Resorts World Inc Pte Ltd, jointly owned by KHRV Ltd and Genting Intellectual PropertyPte Ltd and Walden International acquired an undisclosed minority stake in TabSquare Pte Ltd, a Singapore-based software publisher, for a total SGD 10 mil (USD 7.236 mil), in a privately negotiated transaction.
10/10/18 Tresata Inc Software publishers - GCP Capital GCP Capital 50.00 US - GCP Capital Partners LLC acquired an Partners LLC Partners LLC undisclosed minority stake in Tresata Inc, a Charlotte-based software publisher, for USD 50 mil, in a privately negotiated transaction.
10/10/18 Payactiv Inc Provides financial - Investor Investor Group 20.00 US - An investor group, comprised of Generation Partners LP, wellness services Group Ziegler Link-Age Management LLC and SoftBank Capital Partners LP acquired an undisclosed minority stake in Payactiv Inc, a San Jose- based provider of financial transactions services, for a total USD 20 mil, in a privately negotiated transaction.
10/10/18 Cinchy Inc Software Publishers - Investor Investor Group 2.32 CANADA - An investor group, comprised of BDC Capital Inc, a Group unit of DigitalTown Inc, ScaleUp Ventures Inc, Mars Investment Accelerator Fund Inc, Techstars Central LLC and Blindspot Inc acquired an undisclosed minority stake in Cinchy Inc, a Toronto- based software publisher, for a total CAD 3 mil (USD 2.317 mil), in a privately negotiated transaction. 42 | BUYOUTS | November 5, 2018 www.buyoutsnews.com MARKET INTELLIGENCE
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)
10/22/18 Fisker Inc Automobile - Caterpillar Caterpillar Inc - US - Caterpillar Venture Capital Inc, a unit of Caterpillar Inc, acquired Manufacturing Venture an undisclosed minority stake in Fisker Inc, a Los Angeles- based Capital Inc manufacturer of automobiles, in a privately negotiated transaction. 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)
10/17/18 Zhejiang Xinan All Other - Momentive Apollo Global 29.79 CHINA - Momentive Performance Material Pte Ltd of Maitu Miscellaneous Performance Management Singapore (Momentive Singapore), a unit of Momentive Chemical Product Material Pte LLC Performance Materials Inc, agreed to raise its stake to 49%, and Preparation Ltd from 25%, by acquiring a 24% stake in Zhejiang Xinan Manufacturing Maitu Organosilicone Co Ltd (Xinan Maitu), manufacturer and wholesaler of chemical material products, jointly owned by Xinan Group (Hong Kong) Co Ltd (24%) (Xinan HK), Zhejiang Xinan Chemical Industrial Group Co Ltd (51%), and Momentive Singapore (25%) , from Xinan HK, for CNY 205. 84 mil (USD 29.788 mil), in a privately negotiated transaction.
10/16/18 Woon-Tech Inc Glass Product - The Riverside The Riverside - US - The Riverside Co acquired an undisclosed minority stake Manufacturing Co Co in Woon-Tech Inc, a Whitinsville-based manufacturer of Made Of Purchased specialty glass for shower enclosures and other residential and Glass commercial applications, in a privately negotiated transaction.
10/11/18 Manjushree Manufactures & Citi Advent Advent - INDIA - Advent International Corp of the US acquired a Technopack Ltd Wholesale Plastic International International 40% stake in Manjushree Technopack Ltd (Manjushree Products Corp Corp Technopack), a Bangalore- based manufacturer of paper packing products, from Kedaara Capital Advisors LLP (Kedaara Capital), in a privately negotiated transaction. The terms of the transaction were not disclosed, but according to sources close to the transaction, the value was estimated at INR 23 bil (USD 338.077 mil). Originally, in June 2018, Kedaara Capital was rumored to be seeking a buyer for an undisclosed majority interest in Manjushree Technopack. Carlyle Group, KKR & Co, IPG Inc and Graham Packaging Inc was rumored to be a potential bidders. 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)
10/23/18 Pattern89 Advertising - Investor Investor Group - FLASH : US - An investor group, comprised of High Alpha Agencies Group Capital, Elevate Ventures Inc and Irishangels Inc acquired an undisclosed minority stake in Pattern89, an Indianapolis- based advertising agency, in a privately negotiated transaction. The deal had a reported value of USD 3.5 mil.
10/18/18 Prime Package & Commercial - Brook & Snow Phipps - US - Brook & Whittle Ltd, a unit of Snow Phipps Group LLC, Label LLC Lithographic Whittle Ltd Group LLC acquired an undisclosed minority stake in Prime Package & Printing Label LLC, a St. Louis-based provider of commercial lithographic printing services, in a privately negotiated transaction.
10/17/18 Tastemade Inc Internet Publishing - Investor Investor Group 35 US - An investor group, comprised of Amazon.Com Inc, Goldman and Broadcasting Group Sachs Growth Equity, a unit of Goldman Sachs Group Inc-Merchant and Web Search Banking Division, Comcast Ventures Inc, a unit of Comcast Corp, Portals Liberty Media Corp, Cool Japan Fund Inc, Redpoint Ventures and Raine Ventures LLC acquired an undisclosed minority stake in Tastemade Inc, a Santa Monica-based internet portal operator, for a total USD 35 mil, in a privately negotiated transaction.
10/10/18 RedShelf Inc Internet Publishing Robert W Investor Investor Group 25 US - An investor group, comprised of DNS Capital LLC, and Broadcasting Baird & Co Group Shiftgig Inc, Morningstar Inc and Trading Technologies and Web Search Inc International Inc acquired an undisclosed minority stake in Portals RedShelf Inc, a Chicago-based internet portal operator, for a total USD 25 mil, in a privately negotiated transaction. www.buyoutsnews.com November 5, 2018 | BUYOUTS | 43 MARKET INTELLIGENCE
REAL ESTATE Rank Target Name Target Short Target Acquiror Full Acquiror Ranking Value Synopsis Date Business Advisers Name Ultimate Parent inc. Net Debt of Description Target ($Mil)
10/18/18 Vacasa LLC Residential Property - Investor Investor Group 64 US - An investor group, comprised of Level Equity Managers Group Management LLC, NewSpring Capital Inc, Riverwood Capital LLC and Assurant Growth Investing acquired an undisclosed minority stake in Vacasa LLC, a Portland-based residential property manager, for a total USD 64 mil, in a privately negotiated transaction. RETAIL Rank Target Name Target Short Target Acquiror Full Acquiror Ranking Value Synopsis Date Business Advisers Name Ultimate Parent inc. Net Debt of Description Target ($Mil)
10/18/18 Universal Electronic Shopping - Investor Investor Group 13.5 INDIA - An investor group, comprised of Accel Partners & Co Sportsbiz Pvt Ltd Group Inc (Accel Partners), NB Ventures and Alteria Capital Advisors LLP acquired an undisclosed minority stake in Universal Sportsbiz Pvt Ltd (Universal Sportsbiz), a Bengaluru-based online retailer, for a total INR 993. 451 mil (USD 13.5 mil), in a privately negotiated transaction. Originally, in November 2017, Accel Partners was rumored to be planning to acquire an undisclosed minority stake in Universal Sportsbiz. EXITS U.S. Sponsor Sales Via M&A (October 10, 2018 - October 23, 2018) CONSUMER PRODUCTS AND SERVICES Date Target Name Target Ultimate Parent Acquiror Full Ranking Value Synopsis Effective Name inc. Net Debt of Target ($Mil)
10/22/18 Cook & Boardman Ridgemont Partners Littlejohn & - US - Littlejohn & Co LLC acquired Cook & Boardman Inc, a Winston-Salem- Inc Management Co LLC based manufacturer of metal windows and doors, from Ridgemont Partners Management LLC, in a leveraged buyout transaction. Terms of the deal were not disclosed.
10/15/18 Gene Juarez Salons Evergreen Pacific Transom Capital - US - Transom Capital Group LLC acquired Gene Juarez Salons & Spas, a & Spas Partners LLC Group LLC Bellevue- based beauty salon operator, from Evergreen Pacific Partners LLC, in a leveraged buyout transaction.
10/10/18 Material Sciences Insight Equity Seemann - US - Seemann Composites Inc acquired Material Sciences Corp, a Horsham- Corp Holdings LLC Composites Inc based provider of metal coating and surfacing services, from Zink Acquisition Holdings Inc, owned by New Star Metals Inc.
10/11/18 GfK SE-custom KKR & Co LP Ipsos SA 122.39 GERMANY - Ipsos SA of France acquired 4 custom research business of GfK research business(4) SE, a Nuremberg-based provider of social sciences research and development services, owned by Acceleratio Capital Nv, for a total EUR 105 mil (USD 122.388 mil). CONSUMER STAPLES Date Target Name Target Ultimate Parent Acquiror Full Ranking Value Synopsis Effective Name inc. Net Debt of Target ($Mil)
10/15/18 Mountain Valley Great Range Capital DS Services of 78.50 US - DS Services of America Inc, a unit of Cott Corp, acquired Mountain Valley Spring Co America Inc Spring Co, a Hot Springs National Park-based manufacturer of bottled water, from Great Range Capital, for a total USD 78.5 mil. 44 | BUYOUTS | November 5, 2018 www.buyoutsnews.com MARKET INTELLIGENCE
ENERGY AND POWER Date Target Name Target Ultimate Parent Acquiror Full Ranking Value Synopsis Effective Name inc. Net Debt of Target ($Mil)
10/17/18 NRC Group Holdings JF Lehman & Co Hennessy 662.50 US - Hennessy Capital Acquisition Corp III (Hennessy) acquired the entire LLC Capital share capital of NRC Group Holdings LLC (NRC), provider of environmental, Acquisition compliance and waste management services, from JFL- NRC-SES Partners LLC Corp III (JFL-NRC- SES), ultimately owned by JF Lehman & Co (JF Lehman), for USD 662.5 mil. On completion, Hennessy was renamed NRC Group Holdings Corp. FINANCIALS Date Target Name Target Ultimate Parent Acquiror Full Ranking Value Synopsis Effective Name inc. Net Debt of Target ($Mil)
10/19/18 Harvest Partners LP Harvest Partners LP Goldman - US - Goldman Sachs Asset Management LP, a unit of Goldman Sachs Group Sachs Asset Inc, acquired a 15% stake in Harvest Partners LP, a New York-based financial Management sponsor, in a privately negotiated transaction. LP HEALTHCARE Date Target Name Target Ultimate Parent Acquiror Full Ranking Value Synopsis Effective Name inc. Net Debt of Target ($Mil)
10/16/18 Arosa LLC Bain Capital LP Hfmc Capital - US - HFMC Capital LLC acquired an undisclosed minority stake in LLC Arosa+LivHOME, a Durham-based provider of home health care services, a unit of Bain Capital Double Impact, ultimately owned by Bain Capital LP, in a privately negotiated transaction. HIGH TECHNOLOGY Date Target Name Target Ultimate Parent Acquiror Full Ranking Value Synopsis Effective Name inc. Net Debt of Target ($Mil)
10/17/18 AFS Technologies Court Sq Capital Symphony - US - Symphony Technology Group LLC acquired an undisclosed majority interest Inc Partners Lp Technology in AFS Technologies Inc (AFS), a Phoenix-based software publisher, from Court Group LLC Square Capital Partners LP, in a secondary buyout transaction. Originally, Court Square Capital Partners LP acquired an undisclosed majority interest in AFS, in a primary buyout transaction.
10/11/18 Spireon Inc Bertram Capital Greenbriar - US - Greenbriar Equity Group LLC acquired Spireon Inc, an Irvine-based Management LLC Equity Group software publisher, from Bertram Capital Management LLC, in a leveraged LLC buyout transaction. Terms were not disclosed.
10/17/18 Verra Mobility Corp Platinum Equity LLC Gores 2,246.00 US - Gores Holdings II Inc (Gores) acquired the entire share capital of Verra Holdings Mobilty Corp, a Mesa-based provider of custom computer programming II Inc services, from Platinum Equity LLC, and other shareholders, for a total USD 2.246 bil. The transaction consisted of USD 642 mil of cash, USD 652 mil of Gores common shares,the assumption of USD 852 mil in liabilities, and up to USD 100 mil in profit-related payments. On completion, Gores was to be renamed as Verra Mobility Corp. www.buyoutsnews.com November 5, 2018 | BUYOUTS | 45 MARKET INTELLIGENCE
MATERIALS Date Target Name Target Ultimate Parent Acquiror Full Ranking Value Synopsis Effective Name inc. Net Debt of Target ($Mil)
10/22/18 Polytek Morgenthaler Private Arsenal - US - Arsenal Capital Partners LP acquired Polytek Development Corp, an Easton- Development Corp Equity Capital based manufacturer of plastics materials, from Morgenthaler Private Equity, in a Partners LP leveraged buyout transaction. Terms of the deal were not disclosed.
10/11/18 Kymera Platinum Equity LLC Palladium - US - Palladium Equity Partners LLC acquired Kymera International, a Durham- International Equity based processor of nonferrous metals, from Platinum Equity LLC, in a leveraged Partners LLC buyout transaction. Terms were not disclosed.
10/19/18 Santanol Pty Ltd KKR & Co LP Mercer - AUSTRALIA - Mercer International Inc of Canada acquired Santanol Pty Ltd International (Santanol), a Perth-based timber tract operator, from KKR & Co LP (KKR). Inc Originally on May 2018, KKR announced that it was seeking a buyer for its Santanol unit.
10/10/18 Expera Specialty KPS Capital Partners Ahlstrom- 615 US - Ahlstrom-Munksjo Oyj of Sweden acquired the entire share capital of Expera Solutions LLC LP Munksjo Oyj Specialty Solutions LLC, a Kaukauna-based manufacturer of specialty paper products, from KPS Capital Partners LP, for an estimated USD 615 mil in cash.
10/23/18 Mondo Minerals BV Advent International Elementis PLC 553.00 NETHERLANDS - Elementis PLC (Elementis) of the UK acquired Mondo Minerals Corp BV (Mondo), an Amsterdam-based manufacturer of treated minerals and earth, from Advent International Corp, for an estimated EUR 477.053 mil (USD 553 mil). The consideration was to consist of an amended EUR 431.332 mil (USD 500 mil) cash plus up to EUR 45.721 mil (USD 53 mil) in profit-related payments. Originally, Elementis offered EUR 518.717 mil (USD 600 mil) in cash. RETAIL Date Target Name Target Ultimate Parent Acquiror Full Ranking Value Synopsis Effective Name inc. Net Debt of Target ($Mil)
10/12/18 American Golf Sun Capital Partners Endless LLP - UK - Endless LLP (Endless) acquired American Golf (Trading) Ltd (ACL), a (Trading) Ltd Inc Liverpool-based sporting goods retailer, from Sun Capital Partners Inc (SCP), in a secondary buyout transaction. Terms were not disclosed. Originally, in September 2018, SCP was rumored to be seeking a buyer for its ACL unit. Endless LLP was rumored to be potential bidder. Previously, SCP was acquired ACL.
10/12/18 Claire's Stores Inc Apollo Global Creditors - US - Claire's Stores Inc (Claire's), a Pembroke Pines- based children's clothing Management LLC retailer, from Apollo Management LP, ultimately owned by Apollo Global Management LLC., completed a debt restructuring transaction with Creditors (CRs.) CRs received cash and interest in the Reorganized Claire's Parent, in exchange for outstanding debt. On completion, CRs held an undisclosed majority interest in the restructured Claire's. The book value of the existing debt that was exchanged under the terms of the offer was USD 2.2 bil.