26 | BUYOUTS | November 19, 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 24, 2018 - November 6, 2018) INDUSTRIALS
Date Target Name Target City Target Target Full Business Description Target Synopsis Announced State Advisors
10/30/18 Mcdermott Intl Delaware City DE Storage tank business of Mcdermott - US - In October 2018, McDermott International Inc Inc-Storage International Inc, located in Delaware (McDermott), a Houston-based provider of engineering City, Delaware. services, announced that it was seeking a buyer for its storage tank business. Concurrently McDermott was seeking buyer for its US Pipe Fabrication Business. MATERIALS Date Target Name Target City Target Target Full Business Description Target Synopsis Announced State Advisors
10/30/18 Mcdermott Intl Delaware City DE Us pipe fabrication business of - US - In October 2018, McDermott International Inc Inc-US Pipe Mcdermott International Inc, located in (McDermott), a Houston-based provider of engineering Delaware City, Delaware. services, announced that it was seeking a buyer for its us pipe fabrication business. Concurrently McDermott was seeking buyer for its Storage Tank Business. RECENT DEALS Announced, Pending LBOs By U.S. Sponsors (October 24, 2018 - November 6, 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 ($Mil)
11/05/18 Greencross Ltd Veterinary Vermont Aus Pty Ltd TPG Capital 674.04 AUSTRALIA - Vermont Aus Pty Ltd (Vermont), jointly owned by TPG Services LP Growth Fund and TPG Capital Asia, agreed to acquire the entire share capital of Greencross Ltd (Greencross), a Brisbane- based provider of veterinary services, for AUD 5.55 (USD 3. 994) in cash per share, or a total AUD 668.572 mil (USD 481.171 mil), via scheme of arrangement. Vermont offered a choice of AUD 5.55 (USD 3. 994) in cash per share (50%) and undisclosed third party shares (50%), and AUD 5.55 (USD 3.994) in cash per share (25%) and undisclosed amount of third party shares (75%). Originally in October 2018, Greencross announced that it was seeking a buyer for the company. Originally in October 2018, Greencross was rumored to be seeking a buyer for the company. BGH Capital Pty Ltd and TPG Capital Pty Ltd were named rumored bidders. CONSUMER STAPLES Rank Date Target Name Target Short Acquiror Full Name Acquiror Ranking Value Synopsis Business Ultimate inc. Net Debt of Description Parent Target ($Mil)
10/30/18 Noosa Yoghurt Ice Cream and Sovos Brands Advent - US - Sovos Brands Intermediate Inc, a unit of Advent International LLC, LLC Frozen Dessert Intermediate Inc International agreed to acquire the remaining stake, which it did not already own, in Manufacturing Corp Noosa Yoghurt LLC, a Bellvue-based manufacturer of frozen desserts. www.buyoutsnews.com November 19, 2018 | BUYOUTS | 27 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 ($Mil)
10/30/18 Noosa Yoghurt Ice Cream and Sovos Brands Advent - US - Sovos Brands Intermediate Inc, a unit of Advent International LLC, LLC Frozen Dessert Intermediate Inc International agreed to acquire the remaining stake, which it did not already own, in Manufacturing Corp Noosa Yoghurt LLC, a Bellvue-based manufacturer of frozen desserts. ENERGY AND POWER Rank Date Target Name Target Short Acquiror Full Name Acquiror Ranking Value Synopsis Business Ultimate inc. Net Debt of Description Parent Target ($Mil)
11/01/18 Blue Racer Oil and gas First Reserve Corp First Reserve 1,500.00 US - First Reserve Corp definitively agreed to acquire a 50% interest Midstream LLC exploration,prodn Corp in Blue Racer Midstream LLC (Blue Racer), a Dallas-based producer of crude petroleum and natural gas, jointly owned by Dominion Energy Inc (Dominion) and Caiman Energy II LLC, from Dominion, for an estimated USD 1.5 bil, in a leveraged buyout transaction. The consideration was to consist of USD 1.2 bil in cash and up to USD 300 mil in profit-related payments. Originally, in September 2018, Dominion announced that it was seeking a buyer for its 50% interest in Blue Racer. FINANCIALS Rank Date Target Name Target Short Acquiror Full Name Acquiror Ranking Value Synopsis Business Ultimate inc. Net Debt of Description Parent Target ($Mil)
10/31/18 Intersections Inc Pvd credit Wc Sacd One Parent Isubscribed 104.75 US - Wc Sacd One Parent Inc, jointly owned by General Catalyst management Inc Inc Partners LLC, Isubscribed Inc and WndrCo Holdings LLC, definitively svcs agreed to acquire the entire share capital of Intersections Inc, a Chantilly-based provider of consumer lending services, for USD 3.68 in cash per share or a total of USD 104. 747 mil. HIGH TECHNOLOGY Rank Date Target Name Target Short Acquiror Full Name Acquiror Ranking Value Synopsis Business Ultimate inc. Net Debt of Description Parent Target ($Mil)
11/06/18 Current Semiconductor American Industrial American - FLASH: US - American Industrial Partners LP, a unit of American and Related Partners LP Inds Partners Industrial Partners Management Co Inc, planned to acquire Current, Device Mgmt a Boston-based manufacturer of semiconductors and related device, Manufacturing from General Electric Co, in a leveraged buyout transaction.
11/05/18 Veracode Inc Dvlp security Thoma Bravo LLC Thoma Bravo 950.00 US - Thoma Bravo LLC definitively agreed to acquire Veracode Inc, a testing LLC Burlington-based software publisher, from CA Inc, ultimately owned by software Broadcom Inc, for USD 950 mil in cash, in a leveraged buyout transaction.
11/05/18 Vector Solutions Software Golden Gate Capital Golden Gate - FLASH: US - Golden Gate Capital Inc planned to acquire Vector Inc Publishers Inc Capital Inc Solutions Inc, a Tampa-based software publisher, in a leveraged buyout transaction.
10/31/18 Mitek Systems Manufacture ASG Technologies Elliott 559.62 US - ASG Technologies Group Inc, a unit of Evergreen Coast Capital Corp, Inc ADR products Group Inc Management planned to acquire the entire share capital of Mitek Systems Inc, a San Corp Diego-based manufacturer of computer peripheral equipment, for USD 10 in cash per share, or a total USD 577.157 mil, via an unsolicited offer. MATERIALS Rank Date Target Name Target Short Acquiror Full Name Acquiror Ranking Value Synopsis Business Ultimate inc. Net Debt of Description Parent Target ($Mil)
11/01/18 Lonza Grp All Other Basic Platinum Equity LLC Platinum 630.00 US - Platinum Equity LLC definitively agreed to acquire the Water AG-Water Care Inorganic Equity LLC Care business unit of Lonza Group AG, a Basel-based manufacturer Bus Un Chemical of biological products, for an estimated USD 630 mil, in a leveraged Manufacturing buyout transaction. Orginally, in May 2018, Lonza Group AG announced that it was seeking a buyer for its Water Care business unit. 28 | BUYOUTS | November 19, 2018 www.buyoutsnews.com MARKET INTELLIGENCE
MEDIA AND ENTERTAINMENT Rank Date Target Name Target Short Acquiror Full Name Acquiror Ranking Value Synopsis Business Ultimate inc. Net Debt of Description Parent Target ($Mil)
10/25/18 LiftPoint Marketing Threebridge RFE - US - Threebridge Solutions LLC, a unit of RFE Investment Partners, Consulting Inc Consulting Solutions LLC Investment agreed to acquire LiftPoint Consulting Inc, an Eden Prairie-based Services Partners data- driven marketing consulting firm. REAL ESTATE Rank Date Target Name Target Short Acquiror Full Name Acquiror Ranking Value Synopsis Business Ultimate inc. Net Debt of Description Parent Target ($Mil)
10/29/18 Rialto Capital Lessors Of Stone Point Capital Stone Point 340.00 US - Stone Point Capital LLC (Stone Point) agreed to acquire Rialto Management LLC Other Real LLC Capital LLC Capital Management LLC (Rialto), a Miami-based real estate Estate Property investment firm, from Lennar Corp (Lennar), for an estimated USD 340 mil, in a leveraged buyout transaction. Originally, in October 2018, Lennar was rumored to be seeking a buyer for Rialto. Stone Point was named a rumored potential bidder. RETAIL Rank Date Target Name Target Short Acquiror Full Name Acquiror Ranking Value Synopsis Business Ultimate inc. Net Debt of Description Parent Target ($Mil)
11/6/18 Bojangles' Inc Full-Service Investor Group Investor - FLASH : US - An investor group, comprised of The Jordan Co LP and Restaurants Group Durational Capital Management LP planned to acquire Bojangles' Inc, a Charlotte-based full-service restaurant operator, from Advent International Corp. The deal had a reported value of USD 593.732 mil.
Closed LBOs By U.S. Sponsors (October 24, 2018 - November 6, 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)
11/05/18 Eliassen Group Pvd info tech Stone Point Stone Point - FLASH : US - Stone Point Capital LLC acquired Eliassen Group LLC staffing svcs Capital LLC Capital LLC LLC, a Wakefield-based provider of temporary help services, from Riverside Partners LLC, in a leveraged buyout transaction.
11/01/18 Genex Services Other Mitchell KKR & Co Inc - US - Mitchell International Inc, a unit of KKR & Co LP, merged LLC Management International Inc with Genex Services LLC, a Wayne-based provider of management Consulting consulting services, from Stone Point Capital LLC. Services
10/30/18 DiscoverReady Pvd document Consilio LLC GI Partners LLP - US - Consilio LLC, a unit of GI Partners LLP, acquired LLC outsourcing svcs DiscoverReady LLC, a New York- based provider of telephone answering services, from Dolan Co.
10/30/18 Fizz & Bubble LLC Toilet Decathlon Decathlon - US - Decathlon Capital Partners LLC acquired an undisclosed majority Preparation Capital Partners Capital Partners interest in Fizz & Bubble LLC, a Wilsonville-based manufacturer of bath Manufacturing LLC LLC bombs and beauty products, in a leveraged buyout transaction.
10/30/18 ImageFIRST Drycleaning and Calera Capital Calera Capital - US - Calera Capital Management Inc acquired an undisclosed Healthcare Laundry Services Management Management majority interest in ImageFIRST Healthcare Laundry Specialists, Laundry (Except Coin- Inc Inc a King of Prussia-based laundry and drycleaner operator, in a Operated) leveraged buyout transaction. Terms were not disclosed.
10/25/18 Gladson Inc Pvd category The Jordan The Jordan - US - The Jordan Co LP acquired an undisclosed majority interest in mgmt svcs Co LP Co LP Gladson Inc, a Lisle-based provider of category management services, from Wicks Group of Cos LLC, in a leveraged buyout transaction.
10/24/18 Anderson Cargo Process, Physical Anderson Cargo HeadHaul - US - Anderson Cargo Services LLC SPV, a special purpose Svcs LLC Distribution, Svcs LLC SPV Capital Partners acquisition vehicle by HeadHaul Capital Partners LLC and Argosy and Logistics LLC Capital, acquired Anderson Cargo Services LLC, a Saint Paul-based Consulting provider of logistics consulting services, in a leveraged buyout Services transaction. www.buyoutsnews.com November 19, 2018 | BUYOUTS | 29 MARKET INTELLIGENCE
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)
10/30/18 Kiss My Face LLC Soap and Other Aliph Brands Aliph Brands - US - Aliph Brands LLC acquired Kiss My Face LLC, a Gardiner- Detergent LLC LLC based manufacturer and wholesaler of personal care products, in Manufacturing a leveraged buyout transaction.
10/24/18 Pretzels Inc Snack foods and Peak Rock Peak Rock - US - Peak Rock Capital LLC acquired Pretzels Inc, a Bluffton-based baked goods Capital LLC Capital LLC producer of hard pretzels and extruded corn products, from J&J Snack Foods Corp, in a leveraged buyout transaction.
10/31/18 Unideco SA Wineries CEP IV Bubble The Carlyle 23.22 SPAIN - CEP IV Bubble Sarl of Luxembourg, a unit of The Carlyle Sarl Group LP Group LP, acquired an undisclosed majority interest in Unideco SA (Unideco), a Sant Sadurni dAnoia-based winery, for a total EUR 20 mil (USD 23.216 mil), in a leveraged buyout transaction. The transaction was to include Bodegas Bilbainas SA, a unit of Unidelco. 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)
11/02/18 Pinnacle Oil,gas Eagleclaw Blackstone - US - Eagleclaw Midstream Services LLC, a unit of Blackstone Energy Midstream LLC exploration,prodn Midstream Svcs Group LP Partners LP, acquired Pinnacle Midstream LLC, a Houston-based producer Llc of crude petroleum and natural gas, from ISQ Global Infrastructure Fund II LP, ultimately owned by I Squared Capital Advisors LLC.
11/05/18 TE Connectivity- Power and Cerberus Capital Cerberus Capital 325.00 US - Cerberus Capital Management LP acquired subsea Subsea Comms b Communication Management LP Management LP communications business of TE Connectivity Ltd, a Schaffhausen- Line and Related based manufacturer of electronic components and Tyco Structures Electronics Group Sa, a unit of Tyco Electronics Ltd, for an Construction estimated USD 325 mil in cash, in a leveraged buyout transaction. On completion, Subsea was renamed SubCom LLC.
11/02/18 Caprock Crude Petroleum Eagleclaw Blackstone 950.00 US - Eagleclaw Midstream Services LLC, a unit of Blackstone Energy Midstream LLC and Natural Gas Midstream Svcs Group LP Partners LP, acquired Caprock Midstream LLC (Caprock), a Humble- Extraction Llc based producer of crude petroleum and natural gas, from Energy Spectrum Capital LP, for an estimated USD 950 mil in cash. On completion, Caprock was to be renamed EagleClaw Midstream II.
11/01/18 Conocophillips Crude Petroleum Lime Rock Lime Rock 230.00 US - Lime Rock Resources, a unit of Lime Rock Management LP, acquired Co-Barnett and Natural Gas Resources Management LP Barnett assets of Conocophillips Co, a Houston-based producer of crude Extraction petroleum and natural gas, for an estimated USD 230 mil.
10/31/18 Undisclosed Other Electric Grupo T-Solar I Squared - SPAIN - Grupo T-Solar Global SA, a unit of I Squared Capital Solar Power Power Global SA Capital Advisors Advisors LLC, acquired two undisclosed solar power plants located Generation LLC in Seville & Bajadoz, an electric power generation facility operator from Grupo Ibereolica Renovables, Infrared Capital Partners Ltd, and Gestion de Inversiones SL.. The terms of the transaction were not disclosed, but according to sources close to the transaction, the value was estimated at EUR 500 mil (USD 617.55 mil). 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)
11/05/18 Beacon Wealth Portfolio Mercer Advisors Genstar Capital - FLASH: US - Mercer Advisors Inc, a unit of Genstar Capital LLC, Management Management Inc LLC acquired Beacon Wealth Management, a Hackensack-based portfolio manager.
11/02/18 Ins Mgmt Assoc Other Multiline Hub Hellman & - US - Hub International Ltd, a unit of Hellman & Friedman LLC, Llc Insurance & International Ltd Friedman LLC acquired Insurance Management Associates LLC, an Annapolis- Brokers based insurance agency. Terms of the deal were not disclosed.
10/30/18 Pension Works All Other Ascensus Inc Genstar Capital - US - Ascensus Inc, jointly owned by Genstar Capital LLC and Inc Insurance LLC Aquiline Capital Partners LLC, acquired Pension Works Inc, a Related Colchester-based provider of insurance related services. Activities 30 | BUYOUTS | November 19, 2018 www.buyoutsnews.com 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 ($Mil)
10/30/18 Arkin Insurance Risk Strategies Kelso & Co LP - US - Risk Strategies Co Inc, a unit of Kelso & Co, acquired Arkin Youngentob Agencies and Co Inc Youngentob Associates LLC, a Bethesda- based full-service employee Associates Brokerages and executive benefits firm. Terms of the deal were not disclosed. HEALTHCARE Date Target Name Target Short Acquiror Full Acquiror Ranking Value Synopsis Effective/ Business Name Ultimate Parent inc. Net Debt of Unconditional Description Target ($Mil)
10/31/18 Catalyst Clinical Research and NovaQuest NovaQuest - US - NovaQuest Capital Management LLC acquired an undisclosed Research LLC Development in Capital Mgmt Capital Mgmt majority interest in Catalyst Clinical Research LLC, a Durham-based Biotechnology LLC LLC provider of research services, in a leveraged buyout transaction.
10/30/18 Charter Health Home Health Pharos Capital Pharos Capital - US - Pharos Capital Group LLC acquired an undisclosed majority Care Group LLC Care Services Group LLC Group LLC interest in Charter Health Care Group LLC, a Covina-based provider of home health care services, in a leveraged buyout transaction. Terms were not disclosed.
11/02/18 Telluride Health Home Health Puration Inc Amer Cannabis - US - Puration Inc, a unit of American Cannabis Innovations Co Care Services Innovations Conglomerated, acquired Telluride Health Co, a Telluride-based provider of home health care services, from Priority Aviation Inc.
11/01/18 DKSH Hldg AG- Home Health Warburg Pincus Warburg Pincus 101.04 CHINA - Warburg Pincus LLC of the US acquired healthcare Healthcare Bus Care Services LLC LLC business of DKSH Holding AG, a Zurich-based provider of marketing consulting services, for a total CNY 670.872 mil (USD 101.041 mil). The business were to include DKSH's pharma, consumer health and medical device businesses.
10/31/18 DSM Sinochem Pharmaceutical Bain Capital Bain Capital LP 665.10 SINGAPORE - Bain Capital Private Equity LP of the US, a unit of Pharms Ltd Preparation Private Equity LP Bain Capital LP, acquired DSM Sinochem Pharmaceuticals Ltd, Manufacturing manufacturer of pharmaceutical preparation, jointly owned by Koninklijke Dsm Nv (Koninklijke Dsm), ultimately owned by the Chinese state-owned the Chinese state-owned Sinochem Group Co Ltd and the Chinese state-owned Sinochem Group (Sinochem Group), ultimately owned by the Chinese state- owned the Chinese state-owned Sinochem Group Co Ltd, from Koninklijke Dsm (50%) and Sinochem Group (50%), in a leveraged buyout transaction, for a total SGD 909.528 mil (USD 665.102 mil). The consideration consisted of SGD 830.439 mil (USD 607.267 mil) in cash plus up to SGD 79.089 mil (USD 57.835 mil) in profit-related payments. Originally, in June 2018, Bain was rumored to be planning to acquire DSM Sinochem. 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 ($Mil)
11/02/18 Interactive Pvd computer AVI-SPL Inc Hig Capital LLC - US - AVI-SPL Inc, a unit of Hig Capital LLC, acquired Interactive Solutions Inc consulting svcs Solutions Inc, a Memphis-based provider of grade audio visual and videoconferencing systems integration and unified communications services.
11/01/18 Assembla Inc Software Idera Inc TA Associates - US - Idera Inc, a unit of TA Associates Management LP, acquired Reproducing Management LP Assembla Inc, developer of computer software.
10/31/18 Aquila Group Software Equiniti Group Advent - UK - Equiniti Group PLC acquired Aquila Group Holdings Ltd, Holdings Ltd Publishers PLC International a Redhill- based software publisher, from AquilaHeywood Ltd. Corp Tearms were not disclosed.
10/31/18 Cactus Semiconductor CIRTEC Medical Century Park - US - CIRTEC Medical Systems LLC, a unit of Century Park Capital Semiconductor and Related Systems LLC Capital Partners Partners II LP, acquired Cactus Semiconductor Inc, a Chandler- Inc Device based manufacturer of semiconductors and related device. Manufacturing
10/30/18 Aptean-Vertical Software Esw Capital Llc Esw Capital Llc - US - Esw Capital Llc acquired vertical business applications group of Business Group Publishers Aptean Inc, an Alpharetta-based software publisher, ultimately owned by Vista Equity Partners LLC, in a leveraged buyout transaction. www.buyoutsnews.com November 19, 2018 | BUYOUTS | 31 MARKET INTELLIGENCE
HIGH TECHNOLOGY Date Target Name Target Short Acquiror Full Acquiror Ranking Value Synopsis Effective/ Business Name Ultimate Parent inc. Net Debt of Unconditional Description Target ($Mil)
10/30/18 Innovative Micro Semiconductor Cerium Cerium - US - Cerium Technology LLC acquired an undisclosed majority Technology and Related Technology LLC Technology LLC interest in Innovative Micro TechnologyInc, a Santa Barbara- Device based manufacturer of semiconductors and related device. Manufacturing
10/29/18 Evolved Software Mobileum Inc Audax Group LP - UK - Mobileum Inc of the US, a unit of Audax Management Co Intelligence Ltd Publishers LLC, acquired Evolved Intelligence Ltd, a Bristol- based software publisher. Terms were not disclose.
10/25/18 Mindflash Software Applied Training Turn/River - US - Applied Training Systems Inc, a unit of Turn/River Capital LP, Technologies Inc Publishers Systems Inc Capital LP acquired Mindflash Technologies Inc, a Mountain View-based software publisher.
10/24/18 DanceStudio- Software Togetherwork GI Partners LLP - US - Togetherwork Holdings LLC, a unit of GI Partners LLP, Pro Inc Publishers Hldg LLC acquired DanceStudio-Pro Inc, software publisher.
10/24/18 DATUM LLC Software Infogix Inc Thoma Bravo - US - Infogix Inc, a unit of Thoma Bravo LLC, acquired DATUM LLC, Publishers LLC an Annapolis-based software publisher. Terms were not disclosed.
11/01/18 Don Best Sports Pvd online Scientific Games MacAndrews & - US - Scientific Games Corp, a unit of MacAndrews & Forbes sports info svcs Corp Forbes Hldg Inc Holdings Inc, acquired Don Best Sports, a Las Vegas- based internet service provider, from Corcom Inc, ultimately owned by Big Stick Media Corp. The transaction was to include DBS Canada Corp.
11/05/18 Lumesse UK Ltd Software Saba Software Vector Capital - UK - Saba Software Inc of the US, a unit of Vector Capital Publishers Inc Management LP Management LP, acquired Lumesse UK Ltd (Lumesse), a Luton- based software publisher, from HgCapital LLP. (Hg Capital). Terms were not disclosed. Originally, in January 2018, Hg Capital was rumored to be seeking a buyer for its Lumesse unit. 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)
11/02/18 Surewerx Construction The Riverside Co The Riverside - CANADA - The Riverside Co of the US acquired SureWerx, a Vancouver- Machinery Co based manufacturer of construction machinery, from Penfund Inc, in a Manufacturing leveraged buyout transaction. Terms were not disclosed.
11/02/18 Coleman Floor Pvd carpet Interior Logic Platinum Equity - US - Interior Logic Group Inc, a unit of Platinum Equity LLC, Co Inc laying svcs Group Inc LLC acquired Coleman Floor Co Inc, a Schaumburg-based flooring contractor, from Stock Building Supply, owned by Stock Building Supply Holdings Inc. Financial terms were not disclosed.
11/02/18 Domek Logistics Freight Magnate Magnate Capital - US - Magnate Worldwide LLC, jointly owned by Magnate Capital LLC Transportation Worldwide LLC Partners LLC Partners LLC and CIVC Partners LP, acquired Domek Logistics LLC, Arrangement a Crystal Lake- based provider of asset-light freight forwarding and customs house brokerage services.
11/01/18 Macqueen Construction and Rotunda Capital Rotunda Capital - US - Rotunda Capital Partners LLC acquired an undisclosed Equipment Inc Mining (Except Oil Partners LLC Partners LLC majority interest in Macqueen Equipment Inc, a Saint Paul- based Well) Machinery construction and mining machinery and equipment merchant and Equipment wholesaler, in a leveraged buyout transaction. Terms were not Merchant disclosed. Wholesalers
10/31/18 Midcon Industrial Valve Park Energy Rock Hill Capital - US - Park Energy Services LLC, a unit of Rock Hill Capital Group Compression LLC Manufacturing Services LLC Group LLC LLC, acquired Midcon Compression LLC, an Oklahoma City-based manufacturer of industrial valves, from Chesapeake Energy Corp.
10/29/18 Transportation General Freight Randall Reilly Aurora Capital - US - Randall Reilly Publishing Co LLC, a unit of Aurora Capital Data Source Trucking, Local Publishing Co Group Group, acquired Transportation Data Source, a Salt Lake City- based provider of local freight trucking services.
10/29/18 High Mnfr,whl auto Sentinel Capital Sentinel Capital - US - Sentinel Capital Partners LLC acquired High Performance Performance parts Partners LLC Partners LLC Industries Inc, a Bowling Green-based manufacturer of engine Industries parts, from Lincolnshire Management Inc, in a leveraged buyout transaction. Terms were not disclosed. 32 | BUYOUTS | November 19, 2018 www.buyoutsnews.com 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)
10/29/18 ReadyLIFT Motor Vehicle Wheel Pros LLC Reservoir - US - Wheel Pros LLC, a unit of Clearlake Capital Group LP, Suspension Inc Steering and Capital Group acquired ReadyLIFT Suspension Inc, a Henderson- based Suspension LLC manufacturer of motor vehicle steering and suspension Components components. Terms were not disclosed. (Except Spring) Manufacturing
10/26/18 Superior Noncurrent- Artemis Capital Artemis Capital - US - Artemis Capital Partners acquired Superior Technical Technical Carrying Partners Partners Ceramics, a Saint Albans- based manufacturer of noncurrent- Ceramics Wiring Device carrying wiring devices, in a leveraged buyout transaction. Manufacturing
10/26/18 Cutter Drilling Industrial Premium Oilfield Quantum - US - Premium Oilfield Technologies LLC, a unit of Quantum Energy Systems LLC Machinery and Tech LLC Energy Partners Partners, acquired Cutter Drilling Systems LLC, an Odessa-based Equipment industrial wholesaler of mud pump expendables, handling tools, Merchant mud valves, and other drilling-related products. Wholesalers 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)
11/02/18 Alltub Mnfr alum pkg One Equity OEP Parent LLC - FRANCE - One Equity Partners LLC of the US, a unit of OEP Parent prod Partners LLC LLC, acquired Alltub SASU (Alltub), a Boulogne- Billancourt- based manufacturer of aluminum foil, from Aurora Capital Group (ACG), in a tertiary buyout transaction. Terms were not disclosed. Previously, ACG an undisclosed majority interest in Alltub, from Naxicap Partners SA (Naxicap), in a secondary buyout transaction. Originally, a management-led investor group, including Naxicap, acquired Alltub, in a leveraged buyout transaction.
11/02/18 Radix Wire Co Inc Manufacture High Road Cap High Road - US - High Road Capital Partners Fund II LP, a unit of High Road wires Ptnrs Fund II LP Capital Partners Capital Partners LLC, acquired Radix Wire Co Inc, an Euclid-based LLC manufacturer of high- temperature and fire- resistant wires and cables.
11/01/18 CECOPLAS- Inorganic Dye Chromaflo Arsenal Capital - MEXICO - Chromaflo Technologies Corp of the US, a unit of Colorants and Pigment Technologies Partners LP Arsenal Capital Partners LP, acquired colorants business of Business Manufacturing Corp CECOPLAS, a Del. Coyoacan- based manufacturer of pigments.
10/29/18 FAR Chemical Inc All Other Cyalume Tech Arsenal Capital - US - Cyalume Technologies Holdings Inc, a unit of Arsenal Basic Organic Hldgs Inc Partners LP Capital Partners LP, acquired FAR Chemical Inc, a Palm Bay-based Chemical manufacturer of organic chemicals, from Edgewater Capital Manufacturing Partners LP. Terms were not disclosed.
10/29/18 Intl Marine & Ind Paint and JF Lehman & Co JF Lehman & Co - US - JF Lehman & Co acquired International Marine & Industrial App LLC Coating Applicators LLC, a Spanish Fort-based manufacturer of coatings, Manufacturing from IMIA Group Inc, in a leveraged buyout transaction. The transaction included Craft and Technical Solutions LLC.
10/26/18 Mike's Tree Forest Nurseries SavATree LLC CI Capital - US - SavATree LLC, a unit of CI Capital Partners LLC, acquired Surgeons Inc and Gathering Partners LLC Mike's Tree Surgeons Inc, a Troy-based provides landscaping Of Forest services. Products
10/31/18 PH Glatfelter- Coating Lindsay Lindsay 360.00 US - Lindsay Goldberg LLC (Lindsay) acquired specialty papers Specialty Papers purchased papers Goldberg LLC Goldberg LLC business unit of PH Glatfelter Co (PH Glatfelter), an York-based for nonpackaging paper mill operator, for an estimated USD 360 mil, in a leveraged applications buyout transaction. The consideration was to consist of USD 320 (except mil in cash and USD 40 mil in assumed liabilities. On completion, photosensitive specialty papers business unit of PH Glatfelter was renamed paper) Pixelle Specialty Solutions LLC. www.buyoutsnews.com November 19, 2018 | BUYOUTS | 33 MARKET INTELLIGENCE
MEDIA AND ENTERTAINMENT Date Target Name Target Short Acquiror Full Acquiror Ranking Value Synopsis Effective/ Business Name Ultimate Parent inc. Net Debt of Unconditional Description Target ($Mil)
11/01/18 Spectrum Label Commercial Resource Label First Atlantic - US - Resource Label Group LLC, a unit of First Atlantic Capital Corp Flexographic Group LLC Capital Ltd Ltd, acquired Spectrum Label Corp, a Hayward-based provider Printing of commercial flexographic printing services. Terms of the transaction were not disclosed.
10/25/18 Logintegral 2000 Book, Periodical, Sdad Gen Springwater - SPAIN - Sociedad General Espanola de Libreria SA, a unit of SA and Newspaper Espanola De Capital LLC Springwater Capital LLC, acquired Logintegral 2000 SA, a Madrid- Merchant Liberia based books, magazines, periodicals and newspapers distributor, Wholesalers from Unidad Editorial SA {Unedisa}, owned by Rizzoli Corriere della Sera MediaGroup SpA.
10/24/18 Market Magazine Newspaper Valassis MacAndrews & - US - Valassis Communications Inc, a unit of Harland Clarke Publishers Communications Forbes Hldg Inc Holdings Corp, acquired Market Magazine, a Canfield- based Inc newspaper publisher. RETAIL Date Target Name Target Short Acquiror Full Acquiror Ranking Value Synopsis Effective/ Business Name Ultimate Parent inc. Net Debt of Unconditional Description Target ($Mil)
10/31/18 Sundance Pvd Webster Capital Webster Capital - US - Webster Capital Management LLC acquired an undisclosed Holdings Group multichannel Management Management majority interest in Sundance Holdings Group LLC (Sundance), a LLC retail svcs LLC LLC Salt Lake City-based clothing retailer, from Brentwood Associates Private Equity IV LP, ultimately owned by Brentwood Associates Inc (Brentwood), in a leveraged buyout transaction. Originally, on May 2016, Brentwood was rumored to be seeking a buyer for Sundance. RECENT TRANSACTIONS Non-Control Deals, U.S. Sponsors (October 24, 2018 - November 6, 2018) CONSUMER PRODUCTS AND SERVICES Rank Target Name Target Short Target Acquiror Full Acquiror Ranking Value Synopsis Date Business Advisers Name Ultimate Parent inc. Net Debt of Description Target ($Mil)
10/31/18 Progentec Research and - Investor Investor Group - US - An investor group, comprised of NMC Health PLC, i2E Diagnostics Inc Development Group Inc and OCA Ventures acquired an undisclosed minority in The Physical, stake in Progentec Diagnostics Inc, an Oklahoma City- Engineering and based provider of research and development services, in a Lifesciences (Except privately negotiated transaction. Biotechnology)
10/29/18 Duroflex Pvt Ltd Mattress ICICI Lighthouse Lighthouse 21.78 INDIA - Lighthouse Funds LLC of the US acquired a 25% Manufacturing Securities Ltd Funds LLC Funds LLC stake in Duroflex Pvt Ltd, an Alleppey-based manufacturer of mattresses, for an estimated total of INR 1.6 bil (USD 21.782 mil), in a privately negotiated transaction.
10/25/18 Geltor Inc Research and - Investor Investor Group 18.20 US - An investor group, comprised of Archer Daniels Development in Group Midland Co, Box Group AS, Cultivian Sandbox Ventures Biotechnology LP, Cavallo Ventures Inc, a unit of Wilbur-Ellis Co and GELITA AG acquired an undisclosed minority stake in Geltor Inc, a San Leandro-based provider of biotechnology research and development services, for a total USD 18.2 mil, in a privately negotiated transaction. 34 | BUYOUTS | November 19, 2018 www.buyoutsnews.com 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)
11/01/18 SGI Frontier Financial Sponsor - Cerberus Cerberus - SINGAPORE - Cerberus Capital Management LP of Capital Capital Capital the US acquired an undisclosed minority stake in Management Management SGI Frontier Capital, a Singapore- based financial LP LP sponsor, in a privately negotiated transaction.
10/31/18 Mclarens Inc Third Party Evercore Lee Equity Lee Equity - US - Lee Equity Partners LLC definitively agreed to Administration Partners Partners LLC Partners LLC acquire an undisclosed minority stake in Mclarens Of Insurance and Inc, a Norcross-based provider of insurance and Pension Funds pension funds administration services, in a privately negotiated transaction. Terms were not disclosed.
10/30/18 The Credit Financial - Century Equity Century Equity 23.00 US - Century Equity Partners acquired an undisclosed Junction LLC Transactions Partners Partners minority stake in The Credit Junction LLC, a New York Processing, City- based provider of financial transactions services, Reserve, and for a total USD 23 mil, in a privately negotiated Clearinghouse transaction. Activities
10/30/18 Ethos Direct Life - Investor Investor Group 35.00 US - An investor group, comprised of Accel Partners & Co Technologies Inc Insurance Carriers Group Inc, Arrive Venture Capital, a unit of Roc Nation LLC, GV Management Co LLC, a unit of Google Inc and Sequoia Capital Operations LLC acquired an undisclosed minority stake in Ethos Technologies Inc, a San Francisco-based direct life insurance carrier, for a total USD 35 mil, in a privately negotiated transaction.
10/25/18 Ribbon Home Inc Secondary Market - Investor Investor Group 225.00 US - An investor group, comprised of Bain Capital Financing Group Ventures LLC, a unit of Bain Capital LLC, Greylock Equity, NFX Corp and Nyca Partners acquired an undisclosed minority stake in Ribbon Home Inc, a New York City-based provider of secondary market financing services, for a total USD 225 mil, in a privately negotiated transaction. HEALTHCARE Rank Target Name Target Short Target Acquiror Full Acquiror Ranking Value Synopsis Date Business Advisers Name Ultimate Parent inc. Net Debt of Description Target ($Mil)
11/02/18 Omeicos Pharmaceutical - Investor Investor Group 19.39 GERMANY - An investor group, comprised of Forbion Therapeutics Preparation Group Capital Partners Management Services Bv, Vesalius GmbH Manufacturing Biocapital II SA SICAR, Remiges Biopharma Fund GP Inc, SMS group GmbH, a unit of SMS Holding GmbH, KfW Group and Vc Fonds Technologie Berlin GmbH acquired an undisclosed minority stake in Omeicos Therapeutics GmbH, a Berlin- based manufacturer of pharmaceutical preparation, for a total EUR 17 mil (USD 19.392 mil), in a privately negotiated transaction.
11/01/18 AdhereTech Inc Pharmaceutical - Argentum Argentum - US - Argentum Group acquired an undisclosed Preparation Group Group minority stake in AdhereTech Inc, a New York- based Manufacturing manufacturer of pharmaceutical preparation, in a privately negotiated transaction.
10/30/18 Terns Pharmaceutical - Investor Investor Group 80.00 US - An investor group, comprised of Decheng Capital Pharmaceuticals Preparation Group LLC, Lilly Asia Ventures, Vivo Capital LLC and Orbimed Inc Manufacturing Advisors LLC acquired an undisclosed minority stake in Terns Pharmaceuticals Inc, a San Mateo- based manufacturer of pharmaceutical preparation, for a total USD 80 mil, in a privately negotiated transaction.
10/30/18 Empower Offices Of Physical, - Sheridan Sheridan - US - Sheridan Capital Partners acquired an Physical Therapy Occupational and Capital Capital Partners undisclosed minority stake in Empower Physical Speech Therapists, Partners Therapy, a Phoenix-based therapist's office operator, and Audiologists in a privately negotiated transaction. Terms were not disclosed. www.buyoutsnews.com November 19, 2018 | BUYOUTS | 35 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 ($Mil)
10/26/18 Galecto Biotech Biotechnology - Investor Investor Group 89.86 DENMARK - An investor group, comprised of Novo AB company Group Seeds, a unit of Novo Holdings A/S, Bristol-Myers Squibb do Brasil SA, a unit of Bristol- Myers Squibb Co, OrbiMed Israel Partners Ltd, HBM Healthcare Investments AG, M Venture Investment Co Ltd, a unit of Shinyoung Venture Capital CoLtd, Maverick Ventures Inc, Seventure Partners SA, a unit of Natixis Private Equity SA, Sunstone Capital A/S and Ysios Capital Partners SGECR SA acquired an undisclosed minority stake in Galecto Biotech AB, a Copenhagen- based manufacturer of biological products, for a total DKK 589.338 mil (USD 89. 855 mil), in a privately negotiated transaction.
10/25/18 Genesis Care Own,operates UBS Kkr & Co Inc KKR & Co Inc - AUSTRALIA - KKR & Co Inc of the US planned to acquire Pty Ltd medical centers Investment an undisclosed minority stake in Genesis Care Pty Ltd, Bank Morgan an Alexandria-based specialty hospital operator, from Stanley Macquarie Group Ltd, in a privately negotiated transaction.
10/25/18 Enable Injections Surgical and - Investor Investor Group 50.00 US - An investor group, comprised of Cincinnati Children's Inc Medical Instrument Group Hospital Medical Center, Cleveland Clinic Foundation, Manufacturing CincyTech, ORI Healthcare Fund LP, a unit of ORI Capital, Ohio Innovation Fund and Sanofi SA acquired an undisclosed minority stake in Enable Injections Inc, a Cincinnati-based combination products company, for a total USD 50 mil, in a privately negotiated transaction. HIGH TECHNOLOGY Rank Target Name Target Short Target Acquiror Full Acquiror Ranking Value Synopsis Date Business Advisers Name Ultimate Parent inc. Net Debt of Description Target ($Mil)
11/05/18 Oncology Pvd oncology mgt - Investor Investor Group 21.00 US - An investor group, comprised of Oak HC/ Analytics Inc systems Group FT Partners LP, a unit of Oak Investment Partners, BlueCross BlueShield Venture Partners LP, Sandbox Industries Inc, and Mckesson Ventures acquired an undisclosed minority stake in Oncology Analytics Inc, a Plantation-based software publisher, for a total USD 21 mil, in a privately negotiated transaction.
11/01/18 Holmes Inc Custom Computer - Investor Investor Group 4.61 JAPAN - An investor group, comprised of Beenext2 Pte Programming Group Ltd, Naoki Aoyagi, JAFCO Co Ltd, SMBC Venture Capital Services Co Ltd, Yo Nagami, Paul Kuo and 500 Startups Japan, owned by 500 Startups Management Co LLC, acquired an undisclosed minority stake in Holmes Inc, a Chiyoda-Ku, Tokyo-based provider of custom computer programming services, for a total JPY 520 mil (USD 4.605 mil), in a privately negotiated transaction.
11/01/18 Shape Security Develop mobile - Investor Investor Group 26.00 US - An investor group, comprised of Allegis Capital, apps software Group Baseline Ventures LLC, Epic Ventures, Kleiner Perkins Caufield & Byers LLC, Jetblue Technology Ventures LLC, a unit of JetBlue Airways Corp, Norwest Venture Partners, a unit of Wells Fargo & Co, SingTel Innov8 Pte Ltd, a unit of the Singaporean state- owned Singapore Telecommunications Ltd and Venrock acquired an undisclosed minority stake in Shape Security, a Mountain View-based software publisher, for a total USD 26 mil, in a privately negotiated transaction.
11/01/18 Neo4j Inc Data Processing, - Investor Investor Group 80.00 US - An investor group, comprised of Creandum Advisor Hosting, and Group AB, Eight Roads Services (UK) Ltd, Greenbridge Partners Related Services LLC, Morgan Stanley Expansion Capital LP, a unit of Morgan Stanley Investment Management Inc and One Peak Partners LLP acquired an undisclosed minority stake in Neo4j Inc, a San Mateo-based provider of data processing and hosting services, for a total USD 80 mil, in a privately negotiated transaction. 36 | BUYOUTS | November 19, 2018 www.buyoutsnews.com 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)
11/01/18 Ringdna Inc Software Publishers - Goldman Goldman Sachs - US - Goldman Sachs Growth Equity, a unit of Sachs Growth Group Inc Goldman Sachs Group Inc-Merchant Banking Equity Division, acquired an undisclosed minority stake in Ringdna Inc, a Sherman Oaks- based software publisher, in a privately negotiated transaction.
11/01/18 PlayerLync LLC Software Publishers - Investor Investor Group 12.50 US - An investor group, comprised of Anschutz Group Entertainment Group Inc, a unit of Anschutz Co and Volition Capital LLC acquired an undisclosed minority stake in PlayerLync LLC, a Greenwood Village-based software publisher, for a total USD 12.5 mil, in a privately negotiated transaction.
11/01/18 Edmunds & Assoc Computer Systems - LLR Partners LLR Partners Inc - US - LLR Partners Inc acquired an undisclosed minority Inc. Design Services Inc stake in Edmunds & Associates Inc, a Northfield- based provider of computer systems design services.
10/31/18 PropertyGuru Pvd online real - Kkr & Co Inc KKR & Co Inc 144.44 SINGAPORE - Kkr & Co Inc of the US acquired an Group estate svcs undisclosed minority stake in PropertyGuru Group, internet portal operator, a unit of PropertyGuru Pte Ltd, for a total SGD 200 mil (USD 144. 436 mil), in a privately negotiated transaction.
10/31/18 Stryder Corp Software Publishers - Investor Investor Group 40.00 US - An investor group, comprised of Omidyar Network Group Commons LLC, Chan Zuckerberg Initiatives, Eqt Ventures Fund, a unit of EQT Partners AB and Reach Capital acquired an undisclosed minority stake in Stryder Corp, a San Francisco-based job search company, for a total USD 40 mil, in a privately negotiated transaction.
10/30/18 Coinbase Provides digital - Investor Investor Group 300.00 US - An investor group, comprised of Tiger Global currency wallet and Group Management LLC (Tiger Global), Y Combinator Continuity, platform services a unit of Y Combinator Management LLC, Andreessen Horowitz LLC, Polychain Capital LLC and Wellington Management Co LLP acquired an undisclosed minority stake in Coinbase Inc (Coinbase), a San Francisco-based reproducer of software, for an estimated USD 300 mil, in a privately negotiated transaction. Originally, in October 2018, Tiger Global was rumored to be planning to acquire an undisclosed minority stake in Coinbase.
10/30/18 Conversica Inc Provides business - Investor Investor Group 31.00 US - An investor group, comprised of Providence Strategic conversation Group Growth Capital Partners LLC, a unit of Providence Equity automation services Partners LLC, Toba Capital, Kennet Partners Ltd, CIBC Innovation Banking and Savano Capital Partners acquired an undisclosed minority stake in Conversica Inc, a Foster City- based software publisher, for a total USD 31 mil, in a privately negotiated transaction.
10/30/18 AppZen Inc Data Processing, - Investor Investor Group 35.00 US - An investor group, comprised of Lightspeed Hosting, and Group Venture Partners, Resolute Ventures Inc and Redpoint Related Services Ventures acquired an undisclosed minority stake in AppZen Inc, a Sunnyvale-based provider of data processing and hosting services, for a total USD 35 mil, in a privately negotiated transaction.
10/30/18 98point6 Inc Software Publishers - Investor Investor Group 50.00 US - An investor group, comprised of the Merchant Group Banking Division of Goldman Sachs Group Inc, a unit of Goldman Sachs Group Inc, acquired an undisclosed minority stake in 98point6 Inc, a Seattle-based software publisher, for a total USD 50 mil, in a privately negotiated transaction.
10/30/18 HeadSpin Inc Software Publishers - Investor Investor Group 20.00 US - An investor group, comprised of Battery Ventures Group LP, ICONIQ Capital LLC and EQT Partners AB acquired an undisclosed minority stake in HeadSpin Inc, a Mountain View- based software publisher, for a total USD 20 mil, in a privately negotiated transaction. www.buyoutsnews.com November 19, 2018 | BUYOUTS | 37 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)
10/25/18 aXiomatic Software Publishers - Investor Investor Group 26.00 US - An investor group, comprised of Michael Jordan Gaming LLC Group and Declaration Capital LLC acquired an undisclosed minority stake in aXiomatic Gaming LLC, a Los Angeles- based e-sports and video game publisher, for a total USD 26 mil, in a privately negotiated transaction.
10/24/18 OnShift Inc Software KeyBanc Investor Investor Group - US - An investor group, comprised of Clearlake Capital Reproducing Capital Group Group LP, a unit of Reservoir Capital Group LLC, Ziegler Markets Inc Link-Age Management LLC and Health Velocity Capital acquired an undisclosed minority stake in OnShift Inc, a Cleveland- based reproducer of software, in a privately negotiated transaction. Terms were not disclosed.
10/24/18 Syntiant Corp Semiconductor - Investor Investor Group 25.00 US - An investor group, comprised of Applied Ventures and Related Device Group LLC, a unit of Applied Materials Inc, Robert Bosch Venture Manufacturing Capital GmbH, a unit of Robert Bosch GmbH, M12, a unit of Microsoft Corp, Motorola Ventures, a unit of Motorola Solutions Inc, Alexa Fund, a unit of Amazon.Com Inc and Intel Capital Corp acquired an undisclosed minority stake in Syntiant Corp, an Irvine-based manufacturer of semiconductors and related device, for a total USD 25 mil, in a privately negotiated transaction.
10/24/18 Yellowbrick Data Data Processing, - Investor Investor Group 48.00 US - An investor group, comprised of DFJ Venture Capital Inc Hosting, and Group LI Co Ltd, a unit of Draper Fisher Jurvetson Fund X, L.P. Related Services and next47 GmbH acquired an undisclosed minority stake in Yellowbrick Data Inc, a Palo Alto-based provider of data processing and hosting services, for a total USD 48 mil, in a privately negotiated transaction. INDUSTRIALS Rank Target Name Target Short Target Acquiror Full Acquiror Ranking Value Synopsis Date Business Advisers Name Ultimate Parent inc. Net Debt of Description Target ($Mil)
11/01/18 Hydrofarm LLC Lawn and Garden Alliance Investor Investor Group 55.00 US - An investor group, comprised of Hawthorn Equity Tractor and Global Group Partners, Broadband Capital Management LLC and Home Lawn and Partners Serruya Private Equity Inc acquired an undisclosed Garden Equipment Aegis Capital minority stake in Hydrofarm LLC, a Petaluma- based Manufacturing manufacturer of lawn and garden equipment, for a total USD 55 mil, in a privately negotiated transaction. MEDIA AND ENTERTAINMENT Rank Target Name Target Short Target Acquiror Full Acquiror Ranking Value Synopsis Date Business Advisers Name Ultimate Parent inc. Net Debt of Description Target ($Mil)
10/30/18 Jackpocket Inc Other Gambling - Investor Investor Group 16 US - An investor group, comprised of BlueRun Industries Group Ventures, DCM Ventures, Digital Currency Group Inc, Bullpen Capital LP, Conductive Ventures, David Stern and Subversive Capital acquired an undisclosed minority stake in JackPocket Inc, a Brooklyn- based provider of gambling services, for a total USD 16 mil, in a privately negotiated transaction.
10/30/18 ZypMedia Inc Advertising - Investor Investor Group 5.6 US - An investor group, comprised of Archer Venture Agencies Group Acquisitions, Sinclair Broadcast Group Inc and US Venture Partners acquired an undisclosed minority stake in ZypMedia Inc, a San Francisco- based advertising agency, for a total USD 5.6 mil, in a privately negotiated transaction. 38 | BUYOUTS | November 19, 2018 www.buyoutsnews.com MARKET INTELLIGENCE
RETAIL Rank Target Name Target Short Target Acquiror Full Acquiror Ranking Value Synopsis Date Business Advisers Name Ultimate Parent inc. Net Debt of Description Target ($Mil)
11/1/18 Wallcovering Paint and - The Riverside The Riverside - US - The Riverside Co acquired an undisclosed minority Source Group Wallpaper Stores Co Co stake in Wallcovering Source Group, retailer of wallcoverings, jointly owned by Eykon Wallcovering Source and Trikes Inc and DL Couch Inc, in a privately negotiated transaction.
10/25/18 Best Impressions Caterers - Falfurrias Falfurrias - US - Falfurrias Capital Partners LLC acquired an undisclosed Caterers Capital Capital Partners minority stake in Best Impressions Caterers, a Charlotte- Partners LLC based caterer, in a privately negotiated transaction. EXITS U.S. Sponsor Sales Via M&A (October 24, 2018 - November 6, 2018) CONSUMER PRODUCTS AND SERVICES Date Target Name Target Ultimate Parent Acquiror Full Ranking Value Synopsis Effective Name inc. Net Debt of Target ($Mil)
11/05/18 Eliassen Group LLC Riverside Partners LLC Stone Point - FLASH : US - Stone Point Capital LLC acquired Eliassen Group LLC, a Wakefield- Capital LLC based provider of temporary help services, from Riverside Partners LLC, in a leveraged buyout transaction.
11/01/18 PhysAssist Scribes Blackstone Group LP Healthchannels - FLASH: US - Healthchannels acquired PhysAssist Scribes Inc, a Fort Worth- Inc based provider of document preparation services, from Team Health Holdings Inc, ultimately owned by Blackstone Group LP.
11/01/18 Genex Services LLC Stone Point Capital Mitchell - US - Mitchell International Inc, a unit of KKR & Co LP, merged with Genex LLC International Services LLC, a Wayne-based provider of management consulting services, from Inc Stone Point Capital LLC.
10/25/18 Gladson Inc Wicks Group of Cos The Jordan - US - The Jordan Co LP acquired an undisclosed majority interest in Gladson Inc, LLC Co LP a Lisle-based provider of category management services, from Wicks Group of Cos LLC, in a leveraged buyout transaction.
11/01/18 OnCourse Learning Compass Advisers Bertelsmann - US - Bertelsmann Se & Co KGaA of Germany, a unit of Verlag Bertelsmann Corp Group LLC Se & Co KGaA Stiftung, acquired OnCourse Learning Corp, a Brookfield-based provider of professional and management development training services, from Compass Investment Management LLC, ultimately owned by Compass Advisers Group LLC. The terms of the transaction were not disclosed, but according to sources close to the transaction, the value was estimated at USD 500 mil.
10/31/18 BlueLine Rental LLC Platinum Equity LLC United 2,100.00 US - United Rentals Inc acquired BlueLine Rental LLC, a The Woodlands- Rentals Inc based provider of machinery and equipment rental and leasing services, from Platinum Equity LLC, for an estimated USD 2.1 bil in cash.
10/26/18 US Security Goldman Sachs Group Allied 1,000.00 US - Allied Universal Security Services LLC acquired US Security Associates Inc, Associates Inc Inc Universal a Roswell- based provider of investigation services, from GS Capital Partners Security LP, owned by Goldman Sachs & Co, for an estimated USD 1 bil. The transaction Services LLC included the acquisition of Andrews International. ENERGY AND POWER Date Target Name Target Ultimate Parent Acquiror Full Ranking Value Synopsis Effective Name inc. Net Debt of Target ($Mil)
11/02/18 Pinnacle Midstream I Squared Capital Eagleclaw - US - Eagleclaw Midstream Services LLC, a unit of Blackstone Energy Partners LLC Advisors LLC Midstream LP, acquired Pinnacle Midstream LLC, a Houston-based producer of crude Services LLC petroleum and natural gas, from ISQ Global Infrastructure Fund II LP, ultimately owned by I Squared Capital Advisors LLC.
11/02/18 Caprock Midstream Energy Spectrum Eagleclaw 950.00 US - Eagleclaw Midstream Services LLC, a unit of Blackstone Energy Partners LP, LLC Capital LP Midstream acquired Caprock Midstream LLC (Caprock), a Humble-based producer of crude Services LLC petroleum and natural gas, from Energy Spectrum Capital LP, for an estimated USD 950 mil in cash. On completion, Caprock was to be renamed EagleClaw Midstream II. www.buyoutsnews.com November 19, 2018 | BUYOUTS | 39 MARKET INTELLIGENCE
ENERGY AND POWER Date Target Name Target Ultimate Parent Acquiror Full Ranking Value Synopsis Effective Name inc. Net Debt of Target ($Mil)
10/26/18 Starwood Energy Starwood Capital JERA - US - JERA Americas Inc, a unit of JERA Co Inc, acquired a 50% ownership Group Global Group Global Americas Inc interest in compass power generation gas fired portfolio of Starwood Energy LLC-Compass Power Group Global LLC, a Greenwich-based financial sponsor, ultimately owned by Generation Gas Starwood Capital Group Global LLC. Fired Portfolio FINANCIALS Date Target Name Target Ultimate Parent Acquiror Full Ranking Value Synopsis Effective Name inc. Net Debt of Target ($Mil)
11/01/18 Cartesian Re Cartesian Capital Neuberger - US - Neuberger Berman Group LLC, a unit of NBSH Acquisition LLC, acquired Cartesian Management Corp Group LLC Berman Re Management Corp (Cartesian), a New York City- based portfolio manager, from Group LLC Cartesian Capital Group LLC. On completion, Cartesian was renamed NB Insurance- Linked Strategies. Terms were not disclosed. The transaction was to include Iris Re.
10/24/18 USS Solucoes The Carlyle Group LP Swiss Re - BRAZIL - Swiss Re Direct Investments Co Ltd of Switzerland, a unit of Swiss Re Gerenciadas SA Direct AG, acquired a 30% stake in USS Solucoes Gerenciadas SA, a Barueri-based Investments insurance agency, a unit of The Carlyle Group LP, in a privately negotiated Co Ltd transaction. Terms of the transaction were not disclosed. HEALTHCARE Date Target Name Target Ultimate Parent Acquiror Full Ranking Value Synopsis Effective Name inc. Net Debt of Target ($Mil)
11/02/18 Syntimmune Inc Apple Tree Partners Alexion 1,200.00 US - Alexion Pharmaceuticals Inc acquired Syntimmune Inc, a Waltham-based Pharmaceuticals manufacturer of biological products, from Apple Tree Partners, for an estimated Inc USD 1.2 bil. The consideration consisted of USD 400 mil cash and up to USD 800 mil in profit-related payments. HIGH TECHNOLOGY Date Target Name Target Ultimate Parent Acquiror Full Ranking Value Synopsis Effective Name inc. Net Debt of Target ($Mil)
10/30/18 Aptean Inc- Vista Equity Partners Esw Capital - US - Esw Capital Llc acquired vertical business applications group of Aptean Vertical Business LLC Llc Inc, an Alpharetta-based software publisher, ultimately owned by Vista Equity Applications Group Partners LLC, in a leveraged buyout transaction.
10/24/18 Trafficware Ltd KRG Capital Partners Cubic Corp 235.70 US - Cubic Corp acquired the entire share capital of Trafficware Ltd, a Sugar Land- based LLC software publisher, from KRG Capital Partners LLC, for an estimated USD 235.7 mil.
10/31/18 Marketo Inc Vista Equity Partners Adobe 4,750.00 US - Adobe Systems Inc (Adobe) acquired Marketo Inc (Marketo), a San Mateo-based LLC Systems Inc software publisher, from Vista Equity Partners LLC, for an estimated USD 4.75 bil. Originally, in September 2018, Adobe was rumored to be planning to acquire Marketo.
10/24/18 Winchester Snow Phipps Group Aptiv PLC 650.00 US - Aptiv PLC of Republic of Ireland acquired Winchester Interconnect Corp, a Norwalk- Interconnect Corp LLC based manufacturer of electronic connectors, from Snow Phipps Group LLC, for USD 650 mil. MATERIALS Date Target Name Target Ultimate Parent Acquiror Full Ranking Value Synopsis Effective Name inc. Net Debt of Target ($Mil)
11/02/18 Alltub SASU Aurora Capital Group One Equity - FRANCE - One Equity Partners LLC of the US, a unit of OEP Parent LLC, acquired Alltub Partners LLC SASU (Alltub), a Boulogne- Billancourt-based manufacturer of aluminum foil, from Aurora Capital Group (ACG), in a tertiary buyout transaction. Terms were not disclosed. Previously, ACG an undisclosed majority interest in Alltub, from Naxicap Partners SA (Naxicap), in a secondary buyout transaction. Originally, a management-led investor group, including Naxicap, acquired Alltub, in a leveraged buyout transaction.
10/29/18 FAR Chemical Inc Edgewater Capital Cyalume - US - Cyalume Technologies Holdings Inc, a unit of Arsenal Capital Partners Partners LP Technologies LP, acquired FAR Chemical Inc, a Palm Bay-based manufacturer of organic Holdings Inc chemicals, from Edgewater Capital Partners LP. Terms were not disclosed. 40 | BUYOUTS | November 19, 2018 www.buyoutsnews.com MARKET INTELLIGENCE Mark Your 2019 Calendar!
MEDIA AND ENTERTAINMENT Date Target Name Target Ultimate Parent Acquiror Full Ranking Value Synopsis Effective Name inc. Net Debt of Target ($Mil) march
11/02/18 Franchise Services The Rohatyn Grp Hyeonjong 534 SOUTH KOREA - BHC Co's CEO Hyeonjong Park acquired the entire share capital january Asia Ltd Mgmt LP Park of Franchise Services Asia Ltd, a Seoul-based provider of marketing consulting services, from The Rohatyn Group Management LP, for an estimated KRW 600 25 bil (USD 534 mil), in a leveraged buyout transaction. to 10/24/18 20/20 Golden Gate Capital Christopher B - US - Christopher B Munday acquired an undisclosed majority interest in 20/20 The Pierre, New York, NY Communications Inc Inc Munday Communications Inc, a Forth Worth-based provider of advertising material 22 Hyatt Regency, Boston, MA distribution services, from JP Capital Partners and Golden Gate Capital Inc. 27 10/31/18 La Posada de Santa HM Capital Partners Ashford 50 US - Ashford Hospitality Trust Inc acquired La Posada de Santa Fe Inc, a Santa Fe Inc LLC Hospitality Fe- based hotel operator, from Olympus Real Estate Corp(Hicks Muse Tate & Trust Inc Furst Co), owned by Hicks Muse Tate & Furst Inc, for a total USD 50 mil. REAL ESTATE Date Target Name Target Ultimate Parent Acquiror Full Ranking Value Synopsis Effective Name inc. Net Debt of may june Target ($Mil)
10/26/18 125 Old Broad St Blackstone Group LP City 493.38 UK - City Developments Ltd of Singapore acquired 125 Old Broad St Building Building,London Developments (125 Old Broad), a London-based lessor of nonresidential buildings, from 21 24 Ltd Blackstone Group LP (Blackstone), for a total GBP 385 mil (USD 493.378 mil). to Originally, in November 2017, Blackstone was seeking a buyer for 125 Old Broad to property building. Harvard Club, New York, NY Sofitel Hotel, Chicago, IL RETAIL 22 26 Date Target Name Target Ultimate Parent Acquiror Full Ranking Value Synopsis Effective Name inc. Net Debt of Target ($Mil)
10/31/18 Sundance Holdings Brentwood Associates Webster - US - Webster Capital Management LLC acquired an undisclosed majority Group LLC Inc Capital interest in Sundance Holdings Group LLC (Sundance), a Salt Lake City-based Management clothing retailer, from Brentwood Associates Private Equity IV LP, ultimately SEPTEMBER LLC owned by Brentwood Associates Inc (Brentwood), in a leveraged buyout transaction. Originally, on May 2016, Brentwood was rumored to be seeking a JULY buyer for Sundance. 23 11/01/18 North American Amer Cannabis Priority 1.5 US - Priority Aviation Inc acquired the AmeriCanna Cafe business of North to Cannabis Holdings Innovations Aviation Inc American Cannabis Holdings Inc, a Farmers Branch-based manufacturer Inc-AmeriCanna of pharmaceutical preparation, ultimately owned by American Cannabis The Pierre, New York, NY The Fairmont Hotel Cafe Business Innovations Conglomerated, in exchange for a USD 1.5 mil convertible note. 23 25 San Francisco, CA 10/24/18 EMP Merchandising Sycamore Partners LLC Warner Music 180.23 GERMANY - Warner Music Group Corp of the US, a unit of Access Industries Inc, Handelsgesellschaft Group Corp acquired EMP Merchandising Handelsgesellschaft mbH, a Lingen-based online mbH retailer, from Sycamore Partners LLC, for a total EUR 155 mil (USD 180.234 mil).
11/01/18 Appia Group Ltd JC Flowers & Co LLC Applegreen 421.79 JERSEY - Applegreen PLC of Republic of Ireland acquired a 55.02% interest PLC in Appia Group Ltd (Appia), limited- service restaurant operator, from NIBC European Infrastructure Fund I CV (NIBC), owned by NIBC NV, for an estimated GBP 321.386 mil (USD 421.787 mil) in cash. Originally, in February 2017, NIBC october was rumored to be seeking a buyer for its 55. 02% stake in Appia unit. DECEMBER TELECOMMUNICATIONS 29 Date Target Name Target Ultimate Parent Acquiror Full Ranking Value Synopsis 9 Effective Name inc. Net Debt of to Target ($Mil) to 11/01/18 Telular Corp Avista Capital AMETEK Inc 525 US - AMETEK Inc (AMETEK) acquired Telular Corp, a Chicago-based Harvard Club, New York, NY The Fairmont, Dallas, TX Holdings LP manufacturer of telephone apparatuses, hardware and wireless devices, from 30 Avista Capital Holdings LP, for an estimated USD 525 mil in cash. Concurrently, 11 AMETEK acquired Forza Silicon Corp.
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