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34 | BUYOUTS | May 14, 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 Paul Centopani at [email protected] with questions or comments. DEAL FLOW Seeking Buyers–U.S. Targets (April 14, 2018 - April 29, 2018) MATERIALS Date Target Name Target City Target State Target Full Business Description Target Advisors Synopsis Announced 04/25/18 Martin Marietta - Maryland Beaver Creek aggregates quarry of - US - In April 2018, Martin Marietta Materials Materials-Quar Martin Marietta Materials Inc, located in Inc, a Raleigh-based limestone quarry Western Maryland. operator, announced that it was seeking a buyer for its Beaver Creek aggregates quarry. The transaction was a condition to the completion of the acquisition of Bluegrass Materials Co LLC by Martin Marietta. 04/25/18 Tronox Ltd Kwinana Foreign Tronox Ltd, headquartred in, Kwinana - US - In April 2018, Exxaro Resources Ltd, a Beach Beach, Australia, manufactures pigments. It unit of Main Street 333(Pty)Ltd, announced is engaged in the production and marketing that it was seeking a buyer for 28.729 mil of titanium bearing mineral sands and common shares, or a 24% minority stake titanium dioxide pigment. It also produces in Tronox Ltd, a Kwinana Beach- based natural soda ash. The Company was manufacturer of pigments. founded on September 21, 2011. RECENT DEALS Announced, Pending LBOs By U.S. Sponsors (April 14, 2018 - April 29, 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 ($Mil) 04/23/18 Springs Window Mnfr drapery Springs Window AEA - US - Springs Window Fashions LLC SPV, a special purpose acquisition Fashions LLC hardware,blinds Fashions LLC SPV Investors LP vehicle owned by AEA Investors LP and the Canadian state-owned British Columbia Investment Management Corp, definitively agreed to acquire Springs Window Fashions LLC (Springs), a Middleton-based manufacturer of blinds and shades, from Golden Gate Capital Inc (Golden Gate), in a secondary buyout transaction. Originally, Golden Gate acquired Springs. 04/18/18 Triplefin LLC Pvd customer Triplefin LLC SPV Water St - US - Triplefin LLC SPV, jointly owned by JLL Partners Inc and Water Street care svcs Healthcare Healthcare Partners LLC, agreed to acquire Triplefin LLC, a Cincinnati-based Partners provider of business support services, from HD Smith Wholesale Drug Co Inc, ultimately owned by AmerisourceBergen Corp, in a leveraged buyout transaction. Terms were not disclosed. CONSUMER STAPLES Rank Date Target Name Target Short Acquiror Full Name Acquiror Ranking Value Synopsis Business Ultimate inc. Net Debt of Description Parent Target ($Mil) 04/17/18 Hearthside Food Cookie and Hearthside Food Charlesbank - US - Hearthside Food Solutions LLC SPV, a special purpose acquisition Solutions LLC Cracker Solutions LLC SPV Capital vehicle formed by Charlesbank Capital Partners LLC and Partners Group Manufacturing Partners AG, agreed to acquire Hearthside Food Solutions LLC (Hearthside), a Downers Grove- based manufacturer of cookies and crackers, from Vestar Capital Partners Inc (Vestar) and Goldman Sachs Group Inc (Goldman), in a leveraged buyout transaction. Originally, In January 2018, Vestar and Goldman was rumored to be seeking a buyer for Hearthside. 04/24/18 Food Solutions Produce Investor Group Investor - Flash: US - An investor group, comprised of Charlesbank Capital Partners Group (Global milk,milk Group LLC and Partners Group AG planned to acquire Hearthside Food Solutions Dairy Co) products LLC, a Downers Grove-based manufacturer of cookies and crackers, from Vestar Capital Partners Inc and Goldman Sachs Group Inc. www.buyoutsnews.com May 14, 2018 | BUYOUTS | 35 MARKET INTELLIGENCE 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 ($Mil) 04/17/18 Conti Solar LLC Alternative Ares EIF Ares - US - Ares EIF Management LLC, a unit of Ares Management LLC, planned Energy Sources Management LLC Management to acquire an undisclosed majority interest in Conti Solar LLC, an Edison- LP based alternative energy sources establishment, from The Conti Group, in a leveraged buyout transaction. Terms were not disclosed. 04/17/18 Fralock Corp Manufactures Arsenal Capital Arsenal - US - Arsenal Capital Partners LP planned to acquire an undisclosed power, Partners LP Capital majority interest in Fralock Corp, a Valencia- based manufacturer of power, distribution, Partners LP distribution and specialty transformers, in a leveraged buyout transaction. specialty transformers FINANCIALS Rank Date Target Name Target Short Acquiror Full Name Acquiror Ranking Value Synopsis Business Ultimate inc. Net Debt of Description Parent Target ($Mil) 04/16/18 Tesco Personal Credit Card Avantcard DAC Apollo - IRELAND - Avantcard DAC, a unit of EVO Banco SA, planned to acquire irish Finance PLC- Issuing Global credit card portfolio of Tesco Personal Finance PLC, an Edinburgh- based Irish Credit Card Management insurance agency, ultimately owned by Tesco PLC. Portfolio LLC 04/25/18 Benefits Third Party Ascensus Inc Genstar - US - Ascensus Inc, jointly owned by Genstar Capital LLC and Aquiline Planning Administration Capital LLC Capital Partners LLC agreed to acquire Benefits Planning Consultants Inc, a Consultants Inc Of Insurance Champaign-based provider of insurance and pension funds administration and Pension services. Funds 04/29/18 Baidu Inc - Provide Investor Group Investor 1900.000 CHINA - An investor group, comprised of Taikang Insurance Group Inc, Financial Service financial Group The Carlyle Group LP, TPG Capital LP and ABC International Holdings Ltd, a Group services unit of Agricultural Bank of China Ltd, definitively agreed to acquire a 58% ownership interest in the financial service group of Baidu Inc, a Beijing- based web search portal, for an estimated CNY 12.032 bil (USD 1.9 bil). Originally in January 2018, Baidu announced that it was seeking a buyer for an undisclosed minority ownership interest in its financial service group. Terms were not disclosed but, according to people familiar with the source, the transaction was to be valued at CNY 12.8 bil (USD 2 bil). 04/19/18 Cadaret Grant & Independent Atria Wealth Lee Equity - US - Atria Wealth Solutions Inc, a unit of Lee Equity Partners LLC, agreed Co Inc broker, dealer Solutions Inc Partners LLC to acquire Cadaret Grant & Co Inc, a Syracuse-based independent broker- dealer. The transaction was to include Cadaret Grant Agency Inc and Capital Strategy Group Ltd. 04/23/18 Safeguard Investment Sierra Capital Maplewood - US - Sierra Capital Investments Lp, jointly owned by Maplewood Partners Scientifics Inc holding Investments Lp Partners LP LP and Horton Capital Partners LLC, agreed to acquire the remaining company 94.9% interest, which it did not already own, in Safeguard Scientifics Inc, a Radnor-based provider of financial investment services. HEALTHCARE Rank Date Target Name Target Short Acquiror Full Name Acquiror Ranking Value Synopsis Business Ultimate inc. Net Debt of Description Parent Target ($Mil) 04/17/18 Zentiva NV Mnfr,whl Advent International Advent 2375.338 CZECH REPUBLIC - Advent International Corp (Advent) of the US planned pharmaceuticals Corp International to acquire Zentiva NV (Zentiva), a Prague-based manufacturer of Corp pharmaceutical preparation, from Sanofi SA (Sanofi), for CZK 48.453 bil (USD 2.375 bil) , in a leveraged buyout transaction. Originally, in January 2018, Sanofi was rumored to be seeking a buyer via auction for its Zentiva unit. Advent, BC Partners, Carlyle Group LP, Blackstone Group LP, Nordic Capital, EMS SA and Torrent Pharmaceuticals Ltd were named as rumored bidders. 04/28/18 Summit Specialty (Except Delphi Behavioral Halifax - flash: Behavioral Psychiatric Health Group LLC Group LLC Healthcare Llc and Substance Abuse) Hospitals 36 | BUYOUTS | May 14, 2018 www.buyoutsnews.com MARKET INTELLIGENCE HEALTHCARE Rank Date Target Name Target Short Acquiror Full Name Acquiror Ranking Value Synopsis Business Ultimate inc. Net Debt of Description Parent Target ($Mil) 04/23/18 Curo Health Provides Curo Health Services Humana Inc 1400.000 US - Curo Health Services Inc SPV, a special purpose acquisition vehicle Services Inc medical and Inc SPV formed by TPG Capital LP (TPG), Humana Inc (Humana) and Welsh Carson health services Anderson & Stowe (Welsh), definitively agreed to acquire Curo Health Services Inc (Curo), a Mooresville- based provider of home health care services, from Thomas H Lee Partners LP, ultimately owned by Thomas H Lee Co, for an estimated USD 1.4 bil in cash, in a secondary buyout transaction. Upon completion, Humana was to own 40% stake in Curo. Originally, Thomas H Lee Partners LP acquired Curo. 04/18/18 Cadence Inc Manufactures Kohlberg & Co LLC Kohlberg & - US - Kohlberg & Co LLC definitively agreed to acquire Cadence Inc, a and Co LLC Staunton-based manufacturer of surgical appliance and supplies, in a wholesales leveraged buyout transaction. surgical and medical equipment and supplies 04/21/18 Sound Inpatient Hmo Medical Sound Inpatient Summit 2150.000 US - Sound Inpatient Physicians Inc SPV, led by Summit Partners LP, agreed Physicians
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