32 | BUYOUTS | May 28, 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 30, 2018 - May 13, 2018) MEDIA AND ENTERTAINMENT
Date Target Target Target Target Full Business Description Target Synopsis Announced Name City State Advisors
05/07/18 NASCAR Daytona Florida National Association for Stock Car Racing Inc {NASCAR}, located - US - In May 2018, National Association for Stock Car Racing Inc, a Beach in Daytona Beach, Florida, provides spectator sports services in Daytona Beach- based provider of sports services, announced that it was the United States. The company was founded in 1948. seeking a buyer for an undisclosed majority interest in the company. RECENT DEALS Announced, Pending LBOs By U.S. Sponsors (April 30, 2018 - May 13, 2018) CONSUMER PRODUCTS AND SERVICES Rank Target Name Target Short Acquiror Full Acquiror Ranking Value Synopsis Date Business Name Ultimate inc. Net Debt of Description Parent Target ($Mil)
05/01/18 RPX Corp Pvd intellectual HGGC LLC HGGC LLC 355.506 US - HGGC LLC definitively agreed to merge with RPX Corp (RPX), a San Francisco-based ppty svcs provider of business support services, for USD 10.50 in cash per share, or a total value of USD 523.945 mil, via tender offer, in a leveraged buyout transaction. Originally, in January 2018, RPX, announced that it was seeking a buyer for the company.
04/30/18 Conduent Inc- Human Resources HIG Capital HIG Capital - US - HIG Capital LLC agreed to acquire the human resource consulting & actuarial Human Resource & Executive LLC LLC business of Conduent Inc, a Florham-based provider of data processing and hosting Consulting & Search Consulting services, in a leveraged buyout transaction. Actuarial Business Services
05/09/18 TIP Trailer Truck, Utility I Squared I Squared - NETHERLANDS - I Squared Capital Advisors LLC (I Squared) of the US planned to acquire TIP Trailer Services Trailer, and Rv Capital Capital Services Management BV (TIP), an Amsterdam-based provider of truck rental and leasing services, Management (Recreational Advisors LLC Advisors LLC from HNA Capital Holdings Co Ltd (HNA), jointly owned by HNA Capital Group Co Ltd and HNA BV Vehicle) Rental Group Co Ltd, in a leveraged buyout transaction. The terms of the transaction were not disclosed, and Leasing but according to sources close to the transaction, the value was estimated at EUR 1 bil (USD 1. 186 bil). Originally, in April 2018, I Squared was rumored to be planning to acquire TIP, from HNA.
05/01/18 Interior Interior Design Interior Logic Platinum - US - Interior Logic Group INC, a unit of Platinum Equity LLC, definitively agreed to merge with Specialists Inc Services Group INC Equity LLC Interior Specialists Inc, a Carlsbad- based provider of interior design services, from Littlejohn & Co LLC.
04/30/18 Pitney Bowes Private Mail Platinum Platinum 361.000 US - Platinum Equity LLC definitively agreed to acquire global production mail Inc-Global Centers Equity LLC Equity LLC business of Pitney Bowes Inc, a Stamford-based manufacturer of office machinery, Production for an estimated USD 361 mil, in a leveraged buyout transaction. Mail Business
05/11/18 ZPG PLC All Other Zephyr Bidco Silver Lake 3180.497 UK - Zephyr Bidco Ltd (Zephyr Bidco), a unit of Silver Lake Management Co V LLC, ultimately owned by Business Ltd Management Silver Lake Management LLC, agreed to acquire the entire share capital of ZPG PLC (ZPG), a London- Support LLC based owner and operator of online property portals, from DMGZ Ltd (29. 87%), a unit of Daily Mail & Services General Trust PLC, and other undisclosed sellers, for GBP 4.9 (USD 6.622) in cash per share, or a total value of 2. 162 bil (USD 2.922 bil), via a scheme of arrangement. Zephyr Bidco received irrevocable undertakings to accept the offer with respect to 31.032% of the company's ordinary share capital. Upon completion, ZPG will be delisted from the London Stock Exchange. ENERGY AND POWER Rank Target Name Target Short Acquiror Full Acquiror Ranking Value Synopsis Date Business Name Ultimate inc. Net Debt of Description Parent Target ($Mil)
05/07/18 Undisclosed Other Electric Grupo I Squared - SPAIN - Grupo T-Solar Global SA, a unit of I Squared Capital Advisors LLC, planned Photovoltaic Power T-Solar Capital to acquire 3 Undisclosed Photovoltaic Plants in Badajoz, Seville and Toledo, an Plants(3) Generation Global SA Advisors LLC electric power generation facility operator. www.buyoutsnews.com May 28, 2018 | BUYOUTS | 33 MARKET INTELLIGENCE
FINANCIALS Rank Target Name Target Short Acquiror Full Acquiror Ranking Value Synopsis Date Business Name Ultimate inc. Net Debt of Description Parent Target ($Mil)
04/30/18 Financial Pvd invest Hellman & Hellman & 2657.489 US - Hellman & Friedman LLC agreed to acquire the entire share capital of Financial Engines Inc mgmt svcs Friedman Friedman Engines Inc, a Sunnyvale- based investment advisor, for USD 45 in cash per share, LLC LLC or a total USD 2.896 bil, in a leveraged buyout transaction. HEALTHCARE Rank Target Name Target Short Acquiror Full Acquiror Ranking Value Synopsis Date Business Name Ultimate inc. Net Debt of Description Parent Target ($Mil)
05/01/18 Rain Forest Manufactures GVCL GVCL .450 US - GVCL Ventures Inc (GVCL) agreed to acquire the entire share capital of Rain Forest Nutraceuticals nutraceutical Ventures Inc Ventures Inc Nutraceuticals Inc, manufacturer of medicinals and botanicals, in exchange for 150 mil GVCL Inc products common shares valued at USD 0.45 mil, in a leveraged buyout transaction. The shares were valued based GVCL's closing stock price of USD 0.003 on 30 April 2018, the last full trading day prior to the announcement.
05/03/18 Integer Holdings Surgical MedPlast Inc Robert W 600.000 US - MedPlast Inc, a unit of Baird Capital Partners, agreed to acquire advanced Corp-Advanced Appliance Baird & Co surgical & orthopedics business of Integer Holdings Corp, a Frisco-based Surgical & and Supplies Inc manufacturer of surgical appliance and supplies, for a total USD 600 mil. Orthopedics Manufacturing Business HIGH TECHNOLOGY Rank Target Name Target Short Acquiror Full Acquiror Ranking Value Synopsis Date Business Name Ultimate inc. Net Debt of Description Parent Target ($Mil)
05/01/18 Redrock Travel Software Cardiff Cardiff - US - Cardiff International Inc definitively agreed to merge with Redrock Travel Group LLC Publishers International International Group LLC, an Orlando-based software publisher. Inc Inc
05/03/18 Renaissance Dvlp Francisco Francisco - US - Francisco Partners LP definitively agreed to acquire Renaissance Learning Inc (Renaissance) , a Learning Inc educational Partners LP Partners LP Wisconsin Rapids-based software publisher, from Hellman & Friedman LLC (Hellman), in a tertiary software buyout transaction. Previously, Hellman acquired an undisclosed majority interest in Renaissance in a secondary buyout transaction. Originally, Raphael Acquisition Corp acquired the entire share capital of Renaissance in a primary buyout transaction.
05/02/18 Programming Custom Computer Perforce Reservoir - UK - Perforce Software Inc of the US, a unit of Clearlake Capital Group LP, planned to acquire the Research Programming Software Inc Capital entire share capital of Programming Research Group Ltd, a Walton On Thames, Surrey-based Group Ltd Services Group LLC provider of custom computer programming services, from Toyo Corp.
05/01/18 Quickmobile Software Cvent Inc Vista Equity - CANADA - Cvent Inc of the US, a unit of Vista Equity Partners LLC, planned to acquire Inc Publishers Partners LLC Quickmobile Inc, a Vancouver-based software publisher. INDUSTRIALS Rank Target Name Target Short Acquiror Full Acquiror Ranking Value Synopsis Date Business Name Ultimate inc. Net Debt of Description Parent Target ($Mil)
05/01/18 L3 Other Support American American 540.000 US - American Industrial Partners LP, a unit of American Industrial Partners Management Co Technologies Activities Industrial Inds Inc, definitively agreed to acquire the Vertex Aerospace business of L3 Technologies Inc (L3), Inc-Vertex For Air Partners LP Partners a New York-based manufacturer of electronic components, for a total USD 540 mil in cash, in Aerospace Transportation Mgmt a leveraged buyout transaction. Originally, in October 2017, L3 announced that it was seeking Business a buyer for its Vertex Aerospace business.
05/04/18 Genfin Srl Motor Vehicle OVAM SpA Bain Capital - ITALY - OVAM SpA, a unit of Autodis Italia Holding Srl, agreed to acquire Genfin Steering and LP Srl, a Naples-based manufacturer of motor vehicle steering and suspension Suspension components, in a leveraged buyout transaction. Components (Except Spring) Manufacturing
05/01/18 L&W Inc Manufactures Autokiniton KPS Capital - US - Autokiniton Global Group LP, a unit of KPS Capital Partners LP, definitively agreed to automotive parts Global Partners LP acquire L&W Inc, a New Boston-based manufacturer of motor vehicle bodies. Group LP 34 | BUYOUTS | May 28, 2018 www.buyoutsnews.com MARKET INTELLIGENCE
MATERIALS Rank Target Name Target Short Acquiror Full Acquiror Ranking Value Synopsis Date Business Name Ultimate inc. Net Debt of Description Parent Target ($Mil)
05/03/18 Basf Se-Paper All Other Misc Solenis LLC Clayton - UK - Solenis LLC of the US (Solenis), a unit of Clayton Dubilier & Rice LLC, planned & Water Chemical Dubilier & to acquire Paper & Water Chemical Business of BASF SE, a Ludwigshafen-based Chemicals Product & Rice LP manufacturer of chemicals. Terms were not disclosed. Upon completion, Solenis and Business Preparation BASF SE will own 51% and 49% in the newly created entity, respectively. Manufacturing
04/30/18 Coveris All Other Lindsay Lindsay 848.960 US - Lindsay Goldberg LLC agreed to acquire global rigid business of Coveris Holdings Holdings SA- Plastics Product Goldberg LLC Goldberg LLC SA, a Chicago,-based manufacturer of plastics products, for USD 848.960 mil in cash, Global Rigid Manufacturing in a leveraged buyout transaction. Originally, Coveris Holdings SA was rumored it was Business seeking buyer for its global rigid business.
05/11/18 Midwest Lumber, US Lumber Madison - US - US Lumber Group LLC, a unit of Madison Dearborn Partners LLC, planned to Lumber Inc Plywood, Group LLC Dearborn acquire Midwest Lumber Inc, a Stillwater-based millwork merchant wholesaler. Terms Millwork, and Partners LLC of the transaction were not disclosed. Wood Panel Merchant Wholesalers
05/05/18 Halcon Ceramic Wall SK Capital SK Capital - SPAIN - SK Capital Partners LP of the US planned to acquire an undisclosed majority Ceramicas SA and Floor Tile Partners LP Partners LP interest in Halcon Ceramicas SA (Halcon Ceramicas), an Alcora -based manufacturer of Manufacturing ceramic wall and floor tiles, in a leveraged buyout transaction. Originally, in November 2017, Halcon Ceramicas announced that it was seeking buyer for the company. Originally, Arta Capital, MCH, HIG Europe and Sun Capital were named bidders.
05/04/18 Waddington All Other NOVOLEX The Carlyle 2300.000 US - NOVOLEX Holdings Inc (NOVOLEX), a unit of The Carlyle Group LP, definitively Group Inc Plastics Product Holdings Inc Group LP agreed to acquire Waddington Group Inc (Waddington), a Covington- based Manufacturing manufacturer of plastics products, from Jarden Corp, ultimately owned by Newell Brands Inc (Newell), for an estimated USD 2.3 bil. Originally, in January 2018, Newell was announced that it was seeking a buyer for its Waddington unit. MEDIA AND ENTERTAINMENT Rank Target Name Target Short Acquiror Full Acquiror Ranking Value Synopsis Date Business Name Ultimate inc. Net Debt of Description Parent Target ($Mil)
05/12/18 SASP AS Saint Football Club PEAK6 PEAK6 - FRANCE - PEAK6 Investments LP of the US entered into exclusive negotiations Etienne SA Investments Investments to acquire SASP AS Saint Etienne SA, a Saint-Etienne-based sports club, in a LP LP leveraged buyout transaction. REAL ESTATE Rank Target Name Target Short Acquiror Full Acquiror Ranking Value Synopsis Date Business Name Ultimate inc. Net Debt of Description Parent Target ($Mil)
05/08/18 Kauri CAB Lessors Of Blackstone Blackstone - GERMANY - Blackstone Group LP of the US planned to acquire residential portfolio of Management Residential Group LP Group LP Kauri CAB Management GmbH, Apeiron GmbH, a Munich-based lessor of residential GmbH, Apeiron Buildings and buildings and dwellings, ultimately owned by Apeiron Capital Ltd, ultimately owned by GmbH- Dwellings Apeiron Capital Ltd, in a leveraged buyout transaction. Residential Portfolio
05/07/18 Gramercy Real estate Blackstone Blackstone 7264.281 US - Blackstone Real Estate Partners VIII LP, a unit of Blackstone Group LP, definitively Property Trust investment Real Estate Group LP agreed to acquire the entire share capital of Gramercy Property Trust Inc, a New York- Inc trust Partners based lessor of residential buildings and dwellings, for USD 27.5 in cash per share, or a VIII LP total value of USD 4.422 bil. www.buyoutsnews.com May 28, 2018 | BUYOUTS | 35 MARKET INTELLIGENCE
Closed LBOs By U.S. Sponsors (April 30, 2018 - May 13, 2018) CONSUMER PRODUCTS AND SERVICES Date Target Name Target Short Acquiror Full Acquiror Ranking Value Synopsis Effective/ Business Name Ultimate inc. Net Debt of Unconditional Description Parent Target ($Mil)
05/01/18 Axiom Energy Other Scientific Coolsys Inc Audax Group - US - Coolsys Inc, a unit of Audax Group LP, acquired Axiom Solutions and Technical LP Energy Solutions, a Savannah-based provider of technical Consulting consulting services. Services
05/01/18 Penn Foster Pvd online educ Bain Capital Bain Capital - US - Bain Capital Double Impact SPV, a special purpose acquisition Education Group svcs Double Impact LP vehicle by Bain Capital Double Impact, Macquarie Corp Holdings Pty INC SPV Ltd, Pinebridge Investments LLC, and Zoma Capital, acquired Penn Foster Education Group Inc (Penn), a Scranton-based provider of educational support services, from Vistria Group LLC (Vistria), in a secondary buyout transaction. Originally, Vistria acquired Penn.
05/02/18 Prana Power Sports and YogaWorks Inc Great Hill - US - YogaWorks Inc, a unit of Great Hill Partners LP, acquired Yoga Inc-Boston Recreation Partners LP 3 Boston studios of Prana Power Yoga Inc, a Cambridge-based Studios(3) Instruction provider of sports instruction services.
05/03/18 Hometown Oxygen Home Health PromptCare Halifax Group - US - PromptCare Cos Inc, a unit of Halifax Group LLC, acquired Charlotte LLC Equipment Cos Inc LLC Hometown Oxygen Charlotte LLC, a Charlotte- based provider of Rental home health equipment rental services.
05/01/18 Cornerstone Case Administrative The Columbus HealthEdge - US - The Columbus Organization, a unit of HealthEdge Investment Management LLC Management Organization Investment PartnersLLC, acquired Cornerstone Case Management LLC, a and General Partners Somerset-based provider of general management consulting Management services. Consulting Services
05/02/18 E Co Consultants Environmental Ardurra Group Kain Capital - US - Ardurra Group LLC, a unit of King Engineering Associates Inc Consulting LLC LLC Inc, acquired E Co Consultants Inc, a Palmetto- based provider of Services environmental consulting services.
04/30/18 Heartland Dental Pvd dental KKR & Co LP KKR & Co LP - US - KKR & Co LP acquired an undisclosed majority interest in Care LLC practice mgmt Heartland Dental Care LLC (Heartland), an Effingham- based svcs provider of office administrative services, from Teachers' Private Capital (TPC), ultimately owned by Ontario Teachers' Pension Plan, in a secondary buyout transaction. Terms were not disclosed. Originally, TPC acquired an undisclosed majority interest in Heartland.
05/01/18 Chris & Dicks Interior Design Interior Littlejohn & - US - Interior Specialists Inc, a unit of Littlejohn & Co LLC, Cabinets & Services Specialists Inc Co LLC acquired Chris & Dicks Cabinets & Countertops LLC, a Salt Lake Countertops LLC City-based provider of interior design services.
05/03/18 Gibson Omni Environmental One Equity OEP Parent - US - One Equity Partners LLC, a unit of OEP Parent LLC, acquired Parent Inc Consulting Partners LLC LLC Gibson Omni Parent Inc (Gibson Omni), a Carencro- based Services provider of environmental services, from Gibson Energy Inc, in a leveraged buyout transaction. The transaction was to include US Seismic Assets. On completion, Gibson Omni was renamed OMNI Environmental Solutions.
05/07/18 Nest2 SpA Other Scientific Lutech SpA OEP Parent - ITALY - Lutech SpA, a unit of One Equity Partners LLC, acquired an and Technical LLC 85% interest in Nest2 SpA, a Limena-based provider of technical Consulting consulting services. Services
05/01/18 Gateway Packaging Provides ProAmpac LLC Pritzker Group - US - ProAmpac LLC, a unit of Pritzker Group, acquired Gateway Co LLC packaging Packaging Co LLC, a White House-based provider of packaging services and labeling services, from Saw Mill Capital LLC.
05/02/18 Door Pro Systems Metal Window Cook & Ridgemont - US - Cook & Boardman Inc, a unit of Ridgemont Partners Inc and Door Boardman Inc Partners Management LLC, acquired Door Pro Systems Inc, a Houston- Manufacturing Management based manufacturer of metal windows and doors.
05/01/18 Pricewaterhousecoopers Offices Of Veritas Capital Veritas Capital - US - Veritas Capital Partners LP acquired US Public Sector LLP-US Public Sector Certified Public Partners LP Partners LP business of Pricewaterhousecoopers LLP, a London-based Business Accountants certified public accountant's office, ultimately owned by PricewaterhouseCoopers LLP{PwC}, in a leveraged buyout transaction. 36 | BUYOUTS | May 28, 2018 www.buyoutsnews.com MARKET INTELLIGENCE
CONSUMER STAPLES Date Target Name Target Short Acquiror Full Acquiror Ranking Value Synopsis Effective/ Business Name Ultimate inc. Net Debt of Unconditional Description Parent Target ($Mil)
04/30/18 La Vida Verde Inc Perishable Viking Partners Viking - FLASH: US - Viking Partners LLC acquired La Vida Verde Inc, Prepared Food LLC Partners LLC manufacturer of perishable prepared foods, in a leveraged buyout Manufacturing transaction. Concurrently, Viking Partners LLC acquired Market At Morse. ENERGY AND POWER Date Target Name Target Short Acquiror Full Acquiror Ranking Value Synopsis Effective/ Business Name Ultimate inc. Net Debt of Unconditional Description Parent Target ($Mil)
04/30/18 Parker Hannifin Water Supply Filtration Group Madison - US - Filtration Group Corp, a unit of Madison Industries Inc, Corp-Global Facet and Irrigation Corp Capital acquired Global Facet Filtration Business of Parker Hannifin Filtration Business Systems Partners Corp (Parker), a Cleveland-based manufacturer and wholesaler of motion and control technologies. In December 2017, Parker announced that it was seeking a buyer for its Global Facet Filtration Business.
05/01/18 Thunderbird Oil,gas Great Salt Plains MVP Holdings - US - Great Salt Plains Midstream Holdings LLC, jointly owned by Midstream LLC exploration,prodn Midstream LLC Energy Spectrum Capital LP, MVP Holdings LLC and Chisholm Oil & Holdings LLC Gas LLC, acquired Thunderbird Midstream LLC, an Edmond-based producer of crude petroleum and natural gas.
05/01/18 Elite Production Crude Petroleum Pro Oil & Gas OFS Energy - US - Pro Oil & Gas Services LLC (Pro Oil), a unit of OFS Energy Services LLC and Natural Gas Services LLC Fund Fund, acquired Elite Production Services LLC, a San Antonio- Extraction based producer of crude petroleum and natural gas, from Pelican Energy Partners LP. Concurrently, Pro Oil acquired Whitetail Well Testing LLC.
05/01/18 Whitetail Well Crude Petroleum Pro Oil & Gas OFS Energy - US - Pro Oil & Gas Services LLC (Pro Oil), a unit of OFS Energy Testing LLC and Natural Gas Services LLC Fund Fund, acquired Whitetail Well Testing LLC, producer of crude Extraction petroleum and natural gas. Concurrently, Pro Oil acquired Elite Production Services LLC. FINANCIALS Date Target Name Target Short Acquiror Full Acquiror Ranking Value Synopsis Effective/ Business Name Ultimate inc. Net Debt of Unconditional Description Parent Target ($Mil)
05/03/18 National Insurance Insurance AssuredPartners GTCR LLC - US - AssuredPartners Inc, a unit of GTCR LLC, acquired National Services of Agencies and Inc Insurance Services of Wisconsin Inc, a Brookfield-based insurance Wisconsin Inc Brokerages agency. Terms were not disclosed.
05/08/18 Barnett Corporate Insurance Hub Hellman & - US - Hub International Ltd, a unit of Hellman & Friedman LLC, Insurers LLC Agencies and International Ltd Friedman LLC acquired Barnett Corporate Insurers LLC, a Memphis-based Brokerages insurance agency. Terms were not disclosed.
05/03/18 Carlton Insurance Insurance Hub Hellman & - CANADA - Hub International Ltd of the US, a unit of Hellman Brokers Inc agency International Ltd Friedman LLC & Friedman LLC, acquired the entire share capital of Carlton Insurance Brokers Inc, a Jasper-based insurance agency. Terms were not disclosed.
05/04/18 Easy Truck Direct Property Hub Hellman & - US - Hub International Ltd, a unit of Hellman & Friedman LLC, Insurance Services and Casualty International Ltd Friedman LLC acquired Easy Truck Insurance Services Inc, a Vacaville-based Inc Insurance direct property and casualty insurance carrier. Carriers
05/02/18 Kelly King Insurance Hub Hellman & - US - Hub International Ltd, a unit of Hellman & Friedman LLC, Insurance Services- Agencies and International Ltd Friedman LLC acquired certain assets of Kelly King Insurance Services, a Ripon- Certain Assets Brokerages based insurance agency.
05/07/18 Les Avantages Insurance Hub Hellman & - CANADA - Hub International Ltd of the US, a unit of Hellman & Sociaux Delta Inc agency International Ltd Friedman LLC Friedman LLC, acquired the entire share capital of Les Avantages Sociaux Delta Inc, insurance agency.
05/08/18 GoldenCare USA Insurance Integrity HGGC LLC - US - Integrity Marketing Group LLC, a unit of HGGC LLC, acquired Inc Agencies and Marketing GoldenCare USA Inc, a Plymouth-based provider of long-term Brokerages Group LLC care insurance brokerages. www.buyoutsnews.com May 28, 2018 | BUYOUTS | 37 MARKET INTELLIGENCE
FINANCIALS Date Target Name Target Short Acquiror Full Acquiror Ranking Value Synopsis Effective/ Business Name Ultimate inc. Net Debt of Unconditional Description Parent Target ($Mil)
05/08/18 CHS Insurance Insurance USI Insurance KKR & Co LP - US - USI Insurance Services LLC, jointly owned by KKR & Co LP Services LLC agency Services LLC and Caisse De Depot Et Placement du Quebec, acquired CHS Insurance Services LLC, an Inver Grove Heights-based insurance agency, from CHS Inc.
05/03/18 Engel Agency Inc Insurance Alliant KKR & Co LP - US - Alliant Insurance Services Inc, a unit of Kohlberg Kravis agency Insurance Roberts & Co LP, acquired Engel Agency Inc, a Libertyville-based Services Inc insurance agency. Terms were not disclosed.
05/07/18 Key Insurance & Provide USI Insurance KKR & Co LP - US - USI Insurance Services LLC acquired Key Insurance & Benefits Benefits Services insurance Services LLC Services Inc, a Buffalo-based insurance agency, from KeyBank Inc services Corp. HEALTHCARE Date Target Name Target Short Acquiror Full Acquiror Ranking Value Synopsis Effective/ Business Name Ultimate inc. Net Debt of Unconditional Description Parent Target ($Mil)
05/10/18 Keystone In-Home Home Health Simplura Health OEP Parent - US - Simplura Health Group, a unit of One Equity Partners LLC, Care Care Services Group LLC acquired Keystone In- Home Care, a Lancaster-based provider of home health care services.
05/01/18 Abode Healthcare Provide home Tailwind Capital Tailwind - US - Tailwind Capital Group LLC acquired Abode Healthcare Inc, Inc healthcare svcs Group LLC Capital Group a Durango-based provider of home health care services, from LLC Frazier Healthcare Ventures, in a leveraged buyout transaction. HIGH TECHNOLOGY Date Target Name Target Short Acquiror Full Acquiror Ranking Value Synopsis Effective/ Business Name Ultimate inc. Net Debt of Unconditional Description Parent Target ($Mil)
05/03/18 Justice Systems Inc Software Ontario Systems Arlington - US - Ontario Systems LLC, a unit of Arlington Capital Partners Publishers LLC Capital LP, acquired the entire share capital of Justice Systems Inc, an Partners LP Albuquerque-based software publisher.
05/03/18 Vander-Bend Other Electronic Aterian Aterian - US - Aterian Investment Partners LLC acquired Vander- Bend Manufacturing LLC Component Investment Investment Manufacturing LLC, a San Jose-based manufacturer of electronic Manufacturing Partners LLC Partners components, in a leveraged buyout transaction.
05/03/18 ONELAN Ltd Software Uniguest Inc Atlantic St - UK - Uniguest Inc of the US, a unit of Atlantic Street Capital Publishers Capital Mgmt Management LLC, acquired ONELAN Ltd, a Dunsden-based LLC provider of data processing and hosting services.
05/01/18 Acolyte Systems Semiconductor General LED Inc CapStreet - US - General LED Inc, a unit of CapStreet Group LLC, acquired INC and Related Group LLC Acolyte Systems INC, a New York City-based manufacturer of Device semiconductors and related device. Manufacturing
05/09/18 Hiptest Provides SmartBear Francisco - US - SmartBear Software Inc, a unit of Francisco Partners LP, software testing Software Inc Partners LP acquired Hiptest, a San Francisco-based provider of software services testing services.
05/03/18 Unitrends Inc Pvd info tech Kaseya Inc Insight - US - Kaseya Inc, a unit of Insight Venture Partners LLC, acquired svcs Venture the entire share capital of Unitrends Inc, a Burlington-based Partners LLC provider of information technology services. Terms were not disclosed.
05/02/18 Rippe & Kingston Pvd ParkerGale ParkerGale - US - ParkerGale Capital LP acquired an undisclosed majority Systems Inc accounting,audit Capital LP Capital LP interest in Rippe & Kingston Systems Inc, a Cincinnati-based svcs software publisher, in a leveraged buyout transaction.
05/09/18 Winshuttle Inc Provides Symphony Symphony - US - Symphony Technology Group LLC acquired Winshuttle business Technology Technology Inc, a Bothell-based software publisher, in a leveraged buyout software Group LLC Group LLC transaction. solution services 38 | BUYOUTS | May 28, 2018 www.buyoutsnews.com MARKET INTELLIGENCE
INDUSTRIALS Date Target Name Target Short Acquiror Full Acquiror Ranking Value Synopsis Effective/ Business Name Ultimate inc. Net Debt of Unconditional Description Parent Target ($Mil)
05/07/18 Vornado Air LLC Mnfr room ThreeSixty AEA Investors - US - ThreeSixty Group Ltd, a unit of AEA Investors LP, acquired comfort Group Ltd LP Vornado Air LLC, an Andover-based manufacturer of air appliances purification equipment, from Waitt Co.
05/01/18 Roar Logistics General Freight Redwood CI Capital - US - Redwood Logistics LLC, a unit of CI Capital Partners LLC, Inc-Freight Trucking, Logistics LLC Partners LLC acquired freight management services division of Roar Logistics Management Long-Distance, Inc, a Buffalo-based provider of long-distance freight trucking Services Division Truckload services, ultimately owned by Rich Products Corp.
05/11/18 Proforged LLC Motor Vehicle Drake Huron Capital - US - Drake Automotive Group Inc, a unit of Huron Capital Partners Supplies and Automotive Partners LLC LLC, acquired Proforged LLC, a Boulder- based motor vehicle New Parts Group Inc supplies and parts merchant wholesaler. Merchant Wholesalers
04/30/18 Ryan Herco Flow Whl SunSource Littlejohn & - US - SunSource Holdings Inc, a unit of Littlejohn & Co LLC, acquired Solutions Inc filtration,fluid Holdings Inc Co LLC Ryan Herco Flow Solutions Inc, a Burbank- based wholesaler of filtration handling prod and fluid handling products, from Greenbriar Equity Fund II LP, ultimately owned by Greenbriar Equity Group LLC. Terms were not disclosed.
05/10/18 Scott Felder Homes Pvd homebuilding Platform Platform - US - Platform Ventures LLC acquired Scott Felder Homes LLC, an Austin- LLC services Ventures LLC Ventures LLC based housing operative builder, from BR Homebuilding Group LP.
05/03/18 M&M Refrigeration Mnfr,whl cooling Source Capital Source Capital - US - Source Capital LLC acquired M&M Refrigeration Inc, a Inc systems LLC LLC Federalsburg-based manufacturer of air- conditioning equipment, from Sabroe Refrigeration A/S, owned by York International Corp, in a leveraged buyout transaction. Terms were not disclosed.
05/08/18 Alaskan Express Freight AFF Global The Jordan - US - AFF Global Logistics, a unit of The Resolute Fund II LP, acquired Service Inc Transportation Logistics Co LP Alaskan Express Service Inc, a Sumner-based provider of freight Arrangement transportation arrangement services. Terms were not disclosed.
05/10/18 DoseLogix LLC Measuring and The Riverside Co The Riverside - US - The Riverside Co acquired DoseLogix LLC, a Woodstock- Dispensing Pump Co based manufacturer of variety of topical dosing applicators, in a Manufacturing leveraged buyout transaction. Terms were not disclosed. MATERIALS Date Target Name Target Short Acquiror Full Acquiror Ranking Value Synopsis Effective/ Business Name Ultimate inc. Net Debt of Unconditional Description Parent Target ($Mil)
04/30/18 Flamingo Oil Co Wholesales RelaDyne LLC Audax Group - US - RelaDyne LLC (Reladyne), a unit of Audax Group LP, acquired automotive LP Flamingo Oil Co, a Miami-based chemical and allied products chemicals merchant wholesaler. Concurrently, Reladyne acquired Jack Becker Distributors Inc and Seaboard Neumann.
04/30/18 Jack Becker Wholesales RelaDyne LLC Audax Group - US - RelaDyne LLC (Reladyne), a unit of Audax Group LP, acquired Distributors Inc automotive LP Jack Becker Distributors Inc, a Jacksonville-based chemical and chemicals allied products merchant wholesaler. Concurrently, Reladyne acquired Flamingo Oil Co, and Seaboard Neumann.
04/30/18 Seaboard Wholesales RelaDyne LLC Audax Group - US - RelaDyne LLC (Reladyne), a unit of Audax Group LP, acquired Neumann automotive LP Seaboard Neumann, a Lakeland-based chemical and allied chemicals products merchant wholesaler. Concurrently, Reladyne acquired Jack Beckers Distributors Inc and Flamingo Oil Co.
05/01/18 Commodore Polystyrene Tekni-Plex Inc Genstar - US - Tekni-Plex Inc, a unit of Genstar Capital LLC, acquired Commodore Plastics LLC Foam Product Capital LLC Plastics LLC, a Bloomfield-based manufacturer of polystyrene tray Manufacturing products. The transaction was to include Commodore Technology LLC.
05/03/18 Manucor SpA Mnfr PS Film SpA KKR & Co LP - ITALY - PS Film SpA, a unit of Pillarstone Italy Holding SpA, acquired polypropylene the entire share capital of Manucor SpA, a Sessa Aurunca-based film manufacturer of polystyrene foam products, from Intesa Sanpaolo SpA and Reno de Medici SpA, a unit of Cascades Inc.
05/07/18 Wellman Dynamics Other Nonferrous WDC Acquisition Trive Capital - US - WDC Acquisition LLC, a unit of Trive Capital LLC, acquired the bankrupt Corp Foundries (Except LLC LLC Wellman Dynamics Corp, a Creston- based manufacturer of aluminum and Die-Casting) magnesium sand castings, from Fansteel Inc, in a leveraged buyout transaction. www.buyoutsnews.com May 28, 2018 | BUYOUTS | 39 MARKET INTELLIGENCE
MEDIA AND ENTERTAINMENT Date Target Name Target Short Acquiror Full Acquiror Ranking Value Synopsis Effective/ Business Name Ultimate inc. Net Debt of Unconditional Description Parent Target ($Mil)
05/09/18 Wyndham Hotels (Except Compass IV Ltd Platinum 1300 UK - Compass IV Ltd, a unit of Platinum Equity Capital Partners International Worldwide Corp- Casino Hotels) Equity LLC IV (Cayman) LP, ultimately owned by Platinum Equity LLC (Platinum), European Vacation and Motels acquired the European vacation rentals business of Wyndham Worldwide Rentals Business Corp (Wyndham Worldwide), a Parsippany-based hotel operator, for an estimated GBP 928.837 mil (USD 1.3 bil). Originally, in August 2017, Wyndham Worldwide was seeking a buyer for its European vacation rentals business. Platinum, Blackstone Group LP, Airbnb Inc, PAI Partners and CVC Capital Partners Ltd were named as rumored potential bidders.
05/01/18 Advanced Music SL Musical Providence Providence - SPAIN - Providence Equity Partners VII-A LP of the US, a unit of productions Equity Partners Equity Providence Equity Partners LLC, acquired an undisclosed majority (except musical VII-A LP Partners LLC interest in Advanced Music SL, a Barcelona-based provider of theater entertainment services, in a leveraged buyout transaction. productions), live
05/09/18 Hilton Los Cabos Hotels (Except Hilton Los Cabos Trinity - MEXICO - Hilton Los Cabos Beach & Golf Resort SPV of the US, a special Beach & Golf Casino Hotels) Beach & Golf Investments purpose acquisition vehicle, formed by Trinity Investments LLC, Walton Street Resort,Los and Motels Resort SPV LLC Capital LLC and Oaktree Capital Management LP, acquired Hilton Los Cabos Cabos,Baja Beach & Golf Resort, a Los Cabos-based hotel operator, jointly owned by MetLife California Sur Inc, owned by Thayer Lodging Group and Thayer Hotel Investors VI LP, owned by Thayer Lodging Group, in a leveraged buyout transaction. The transaction was executed through a formation of a joint venture. Terms were not disclosed.
04/30/18 Bizible Inc Provide marketing Marketo Inc Vista Equity - US - Marketo Inc, a unit of Vista Equity Partners LLC, acquired services Partners LLC Bizible, a Seattle- based provider of marketing consulting services. REAL ESTATE Date Target Name Target Short Acquiror Full Acquiror Ranking Value Synopsis Effective/ Business Name Ultimate inc. Net Debt of Unconditional Description Parent Target ($Mil)
05/08/18 Sunset Cove Own,operate Bascom Group Bascom Group 33.3 US - Bascom Group LLC acquired Sunset Cove Apartments, a Costa Apartments,Costa apartment bldgs LLC LLC Mesa- based lessor of residential buildings and dwellings, for a Mesa,CA total USD 33.3 mil, in a leveraged buyout transaction.
04/30/18 Market At Morse Lessors Of Viking Partners Viking - US - Viking Partners LLC (Viking) acquired Market At Morse, Nonresidential LLC Partners LLC a Columbus-based lessor of nonresidential buildings, in a Buildings (Except leveraged buyout transaction. Concurrently, Viking acquired La Miniwarehouses) Vida Verde Inc. RECENT TRANSACTIONS Non-Control Deals, U.S. Sponsors (April 30, 2018 - May 13, 2018) CONSUMER PRODUCTS AND SERVICES Rank Date Target Name Target Short Target Acquiror Full Acquiror Ranking Value Synopsis Business Advisers Name Ultimate Parent inc. Net Debt of Description Target ($Mil)
05/02/18 Health Payment Office - Caltius Equity Caltius Equity - US - Caltius Equity Partners acquired an undisclosed minority Systems Inc Administrative Partners Partners stake in Health Payment Systems Inc, a Milwaukee-based Services provider of healthcare billing and payments services, in a privately negotiated transaction.
05/07/18 RugsUSA.com Home Furnishing Lazard Comvest Comvest Group - US - Comvest Partners acquired an undisclosed minority Inc Merchant Middle Group Holdings LP stake in RugsUSA.com Inc, a Cranbury-based wholesaler Wholesalers Market LLC Holdings LP of rugs and other home decor products, in a privately negotiated transaction.
05/03/18 Rodan & Fields Toilet Preparation Perella TPG Capital TPG Capital LP - US - TPG Capital LP acquired an undisclosed minority stake LLC Manufacturing Weinberg LP in Rodan & Fields LLC, a San Francisco-based manufacturer Partners LP of toilet preparations, a unit of The Estee Lauder Cos Inc, in a privately negotiated transaction. Terms were not disclosed. 40 | BUYOUTS | May 28, 2018 www.buyoutsnews.com MARKET INTELLIGENCE
CONSUMER PRODUCTS AND SERVICES Rank Date Target Name Target Short Target Acquiror Full Acquiror Ranking Value Synopsis Business Advisers Name Ultimate Parent inc. Net Debt of Description Target ($Mil)
05/07/18 Champion Security Systems - Root9B LLC Tracker Capital - US - Root9B LLC, a unit of Tracker Capital Management LLC, Technology Services (Except Management acquired an undisclosed minority stake in Champion Technology Company Locksmiths) LLC Company, a Santa Monica-based provider of security systems services, in a privately negotiated transaction. CONSUMER STAPLES Rank Date Target Name Target Short Target Acquiror Full Acquiror Ranking Value Synopsis Business Advisers Name Ultimate Parent inc. Net Debt of Description Target ($Mil)
05/09/18 Responsive Other Household - Decathlon Decathlon - US - Decathlon Capital Partners LLC (Decathlon) Surface Textile Product Mills Capital Capital Partners acquired an undisclosed minority stake in Responsive Technology LLC Partners LLC LLC Surface Technology LLC, an Atlanta-based household textile product mill operator, in a privately negotiated transaction. Concurrently, Decathlon acquired an undisclosed minority stake in PatienTech LLC. FINANCIALS Rank Date Target Name Target Short Target Acquiror Full Acquiror Ranking Value Synopsis Business Advisers Name Ultimate Parent inc. Net Debt of Description Target ($Mil)
05/09/18 Meridiam Private equity fund Rothschild Blackstone Blackstone - LUXEMBOURG - Blackstone Group LP of the US planned Infrastructure & Co Group LP Group LP to acquire a 25% stake in Meridiam Infrastructure Fund (SCA) Fund(SCA)SICAR, infrastructure fund, a unit of Meridiam SICAR Infrastructure Managers Sarl, from Meridiam Infrastructure Managers Sarl, in a privately negotiated transaction.
05/08/18 Propel Insurance Agencies Waller Flexpoint Ford Flexpoint Ford - US - Flexpoint Ford LLC acquired an undisclosed Insurance Inc and Brokerages Helms LLC LLC minority stake in Propel Insurance Inc, a Tacoma-based Advisors insurance agency, in a privately negotiated transaction. Terms were not disclosed.
05/10/18 Robinhood Securities - Investor Investor Group 363.000 US - An investor group, comprised of Digital Sky Markets Inc Brokerage Group Technologies Ltd and Sequoia Capital Operations LLC acquired an undisclosed minority stake in Robinhood Markets Inc, a Palo Alto- based securities brokerage, for USD 363 mil, in a privately negotiated transaction.
05/09/18 Trussle Lab Ltd Mortgage and - Investor Investor Group 18.420 UK - An investor group, comprised of Propel Venture Partners Nonmortgage Loan Group LLC and Goldman Sachs Group Inc acquired an undisclosed Brokers minority stake in Trussle Lab Ltd, a London- based provider of online mortgage broker services, for a total GBP 13.6 mil (USD 18. 42 mil), in a privately negotiated transaction.
04/30/18 SAMCO Securities - Investor Investor Group 7.500 INDIA - An investor group, comprised of Bay Capital Securities Ltd Brokerage Group Investment Partners, acquired an undisclosed minority stake in SAMCO Securities Ltd, a Mumbai-based securities brokerage, a unit of SAMCO Ventures Pvt Ltd, for a total INR 499.567 mil (USD 7.5 mil), in a privately negotiated transaction. HEALTHCARE Rank Date Target Name Target Short Target Acquiror Full Acquiror Ranking Value Synopsis Business Advisers Name Ultimate Parent inc. Net Debt of Description Target ($Mil)
05/02/18 Rapid Micro Surgical and - Investor Investor Group 60.000 US - An investor group, comprised of Asahi Kasei Medical Biosystems Inc Medical Instrument Group Co Ltd, a unit of Asahi Kasei Pharma Corp, Quaker Partners Manufacturing Management LP, Bain Capital Life Sciences Fund LP, a unit of Bain Capital LP, Xeraya Capital Sdn Bhd, Richard K Mellon & Sons, Longitude Capital Management Co LLC and TVM Capital GmbH acquired an undisclosed minority stake in Rapid Micro Biosystems Inc, a Lowell-based manufacturer of automated detection and enumeration technologies product, for a total USD 60 mil, in a privately negotiated transaction. www.buyoutsnews.com May 28, 2018 | BUYOUTS | 41 MARKET INTELLIGENCE
HEALTHCARE Rank Date Target Name Target Short Target Acquiror Full Acquiror Ranking Value Synopsis Business Advisers Name Ultimate Parent inc. Net Debt of Description Target ($Mil)
04/30/18 Synthorx Inc Biotechnology - Investor Investor Group 63.000 US - An investor group, comprised of OrbiMed Advisors LLC, company Group Medicxi Ventures(UK) LLP, and Osage University Partners I LP acquired an undisclosed minority stake in Synthorx Inc, a La Jolla-based manufacturer of biological products, for a total USD 63 mil, in a privately negotiated transaction.
04/30/18 Dental Corp Offices Of Dentists Jefferies & L Catterton L Catterton - CANADA - L Catterton of the US acquired an undisclosed of Canada Co Inc minority stake in Dental Corp of Canada Holdings Inc, a Holdings Inc Toronto-based provider of dental services, in a privately negotiated transaction. Terms were not disclosed.
05/08/18 Integrated All Other Mesirow Periscope Periscope - US - Periscope Equity LLC acquired an undisclosed Behavioral Miscellaneous Financial Equity LLC Equity LLC minority stake in Integrated Behavioral Health Inc, a Health Inc Ambulatory Health Corp Costa Mesa-based provider of ambulatory health care Care Services services, in a privately negotiated transaction. HIGH TECHNOLOGY Rank Date Target Name Target Short Target Acquiror Full Acquiror Ranking Value Synopsis Business Advisers Name Ultimate Parent inc. Net Debt of Description Target ($Mil)
05/03/18 ToolsGroup Inc Data Processing, - Accel-KKR LLC Accel Partners - US - Accel-KKR LLC, jointly owned by Kohlberg Kravis Hosting, and Roberts & CoLP and Accel Partners & Co Inc, acquired an Related Services undisclosed minority stake in ToolsGroup Inc, a Boston- based provider of data processing and hosting services, in a privately negotiated transaction.
05/09/18 Patientech LLC Semiconductor - Decathlon Decathlon - US - Decathlon Capital Partners LLC (Decathlon) acquired an and Related Device Capital Capital Partners undisclosed minority stake in PatienTech LLC, manufacturer of Manufacturing Partners LLC LLC semiconductors and related device, in a privately negotiated transaction. Concurrently, Decathlon acquired an undisclosed minority stake in Responsive Surface Technology LLC
05/08/18 Venuenext Inc Software company - Intel Capital Intel Corp - US - Intel Capital, a unit of Intel Corp, acquired an undisclosed minority stake in Venuenext Inc, a Santa Clara- based reproducer of software, in a privately negotiated transaction.
05/08/18 Sckipio Semiconductor - Investor Investor Group 10.000 ISRAEL - An investor group, comprised of Amiti Ventures Technologies and Related Device Group Llc, Gemini Israel Ventures, Genesis Partners LP, Intel Manufacturing Capital, a unit of Intel Corp, AVIV VENTURE CAPITAL LTD, CIRTech Fund, Axess Ventures, MegaChips Corp and Pitango Venture Capital acquired an undisclosed minority stake in Sckipio Technologies, a Ramat Gan-based manufacturer of semiconductors and related device, for a total ILS 36.05 mil (USD 10 mil), in a privately negotiated transaction.
05/08/18 Dreamlines Internet Service - Investor Investor Group 55.000 GERMANY - An investor group, comprised of Global GmbH Providers Group Founders GmbH, Princeville Global, Hasso Plattner VenturesManagement GmbH, Dima Ventures Inc, Truventuro GmbH, Target Global Verwaltungs GmbH and HV Holtzbrinck Ventures Adviser GmbH acquired an undisclosed minority stake in Dreamlines GmbH, a Hamburg-based internet service provider, for EUR 46.141 mil (USD 55 mil), in a privately negotiated transaction.
05/07/18 Miovision Software Publishers - Investor Investor Group 11.679 CANADA - An investor group, comprised of MacKinnon Technologies Group Bennett & Co, Mcrock Capital Corp, BDC Venture Capital, Inc a unit of Business Development Bank Of Canada, and HarbourVest Partners LLC, acquired an undisclosed minority stake in Miovision Technologies Inc, a Kitchener- based software publisher, for a total CAD 15 mil (USD 11. 679 mil), in a privately negotiated transaction.
05/07/18 Flect Co Ltd Software Publishers - Investor Investor Group 4.583 JAPAN - An investor group, comprised of Salesforce Venture, led Group by Salesforce. com Inc and Draper Nexus Venture Partners II LLC acquired an undisclosed minority stake in Flect Co Ltd, a Chuo-Ku, Tokyo-based operator of the development of software, consulting business and IoT business, with a focus on Salesforce, for a total JPY 500 mil (USD 4.583 mil), in a privately negotiated transaction. 42 | BUYOUTS | May 28, 2018 www.buyoutsnews.com MARKET INTELLIGENCE
HIGH TECHNOLOGY Rank Date Target Name Target Short Target Acquiror Full Acquiror Ranking Value Synopsis Business Advisers Name Ultimate Parent inc. Net Debt of Description Target ($Mil)
05/07/18 Mesosphere Inc Software Publishers - Investor Investor Group 125.000 US - An investor group, comprised of Andreessen Horowitz, Group Two Sigma Ventures LLC, Koch Disruptive Technologies, a unit of Koch Industries Inc, Hewlett Packard Enterprise Co, Khosla Ventures, Fuel Capital II LP, Triangle Peak Partners LP, Qatar Investment Authority, a unit of the Qatari state- owned State of Qatar and T Rowe Price Associates Inc acquired an undisclosed minority stake in Mesosphere Inc, a San Francisco-based software publisher, for a total USD 125 mil, in a privately negotiated transaction.
05/07/18 Lyra Health Inc Software Publishers - Investor Investor Group 45.000 US - An investor group, comprised of Crown Ventures, Group Glynn Capital Management, Greylock Partners, Casdin Capital LLC, Providence Ventures, Tenaya Capital Inc and Venrock acquired an undisclosed minority stake in Lyra Health Inc, a Burlingame- based provider of behavioral health care technology support services, for a total USD 45 mil, in a privately negotiated transaction.
05/03/18 Zola Inc Software Publishers - Investor Investor Group 100.000 US - An investor group, comprised of Balyasny Asset Group Management LP, AME Cloud Ventures LLC, Goldman Sachs Investment Partners Funds, a unit of Goldman Sachs Group Inc, Trive Capital LLC, Comcast Ventures Inc, a unit of Comcast Corp, Canvas Ventures, Lightspeed Venture Partners, NBCUniversal Media LLC, a unit of Comcast Corp, BBG Advisory Services LLC and Founders Circle Capital acquired an undisclosed minority stake in Zola Inc, a New York City-based software publisher, for a total USD 100 mil, in a privately negotiated transaction.
05/03/18 Lucidworks Inc Software Publishers - Investor Investor Group 22.999 US - An investor group, comprised of Allegis Capital, Top Group Tier Capital Partners LLC, Granite Ventures LLC, Silver Lake Waterman Fund LP and Shasta Ventures acquired an undisclosed minority stake in Lucidworks Inc, a San Francisco-based software publisher, for a total USD 22. 999 mil, in a privately negotiated transaction.
04/30/18 Advanced Develops software - Investor Investor Group - IRELAND - An investor group, comprised of Fonds Strategique Manufacturing Group d'Investissement SA, jointly owned by Bpifrance Participations Control Systems SA and the French state-owned Caisse Des Depots Et Ltd Consignations and Insight Venture Partners LLC acquired an undisclosed minority stake in Advanced Manufacturing Control Systems Ltd, a Limerick-based software publisher, in a privately negotiated transaction. Terms were not disclosed.
05/02/18 Imagine Software Publishers - Mountaingate Mtngate Capital - US - Mountaingate Capital Management LP acquired an Software Capital Mgmt LP undisclosed minority stake in Imagine Software Holdco Inc, Holdco Inc Management a Charlotte-based provider of revenue cycle and practice LP management software, in a privately negotiated transaction.
05/07/18 EMEX LLC Provides online - O2 Investment O2 Investment - US - O2 Investment Partners LLC acquired an e-procurement Partners LLC Partners LLC undisclosed minority stake in EMEX LLC, a Houston- platform for gas based provider of online e-procurement platform for and electricity gas and electricity, in a privately negotiated transaction. Terms were not disclosed.
05/02/18 Datix Ltd Develop software Arma TA Associates TA Associates - UK - TA Associates Management LP of the US acquired Partners Management Management an undisclosed minority stake in Datix Ltd, a London- LLP LP LP based software publisher, in a privately negotiated transaction. Terms were not disclosed. INDUSTRIALS Rank Date Target Name Target Short Target Acquiror Full Acquiror Ranking Value Synopsis Business Advisers Name Ultimate Parent inc. Net Debt of Description Target ($Mil)
05/11/18 Direct Connect General Freight - Huron Capital Huron Capital - FLASH : US - Huron Capital Partners LLC acquired an Logistix Inc Trucking, Long- Partners LLC Partners LLC undisclosed minority stake in Direct Connect Logistix Inc, Distance, Less Than an Indianapolis-based provider of long-distance freight Truckload trucking services, in a privately negotiated transaction. www.buyoutsnews.com May 28, 2018 | BUYOUTS | 43 MARKET INTELLIGENCE
REAL ESTATE Rank Date Target Name Target Short Target Acquiror Full Acquiror Ranking Value Synopsis Business Advisers Name Ultimate Parent inc. Net Debt of Description Target ($Mil)
05/12/18 Soril Holdings Land Subdivision - Investor Investor Group 55.346 INDIA - An investor group, comprised of TIMF Holdings (3. & Ventures Ltd Group 15413886%), Tosca Master (1. 44361158%), Aptus Global Financials Fund (0.61872306%), JS Capital (M) Ltd (1. 01903994%), ABG Capital (1. 22361864%), LTR Focus Fund (0. 81570798%) and Steadview Capital Mauritius Ltd (3. 05915994%), planned to acquire an 11.334% stake, or 7.007 mil new ordinary shares, in Soril Holdings & Ventures Ltd, a Mumbai-based provider of land subdivision services, for an estimated INR 532 (USD 7.899) in cash per share, or a total of INR 3.728 bil (USD 55.346 mil) in cash, in a privately negotiated transaction.
05/10/18 Sichuan Uoko Real estate - Investor Investor Group 157.270 CHINA - An investor group, comprised of Greentown Service Investment investment firm Group Group Co Ltd, a unit of Orchid Garden Investment Co Ltd, Management Galaxy Real Estate Co Ltd, a unit of Galaxy Holding Group, Co Ltd Legend Capital Co Ltd, a unit of Legend Holdings Corp, Matrix Partners China, Shenzhen Capital Group Co Ltd and SIG Asia Investment LLLP acquired an undisclosed minority stake in Sichuan Uoko Investment Management Co Ltd, a Chengdu- based lessor of real estate property, for a total CNY 1 bil (USD 157.27 mil), in a privately negotiated transaction. RETAIL Rank Date Target Name Target Short Target Acquiror Full Acquiror Ranking Value Synopsis Business Advisers Name Ultimate Parent inc. Net Debt of Description Target ($Mil)
05/11/18 Studio Moderna Provide ecommerce Arkas Investor Investor Group - NETHERLANDS - An investor group, comprised of JH Partners Holdings BV retail services Corporate Group LLC, General Atlantic LLC, Insight Venture Partners LLC and Finance Templeton Strategic EmergingMarkets Fund III acquired an undisclosed minority stake in Studio Moderna Holdings BV, an Amsterdam-based online retailer, in a privately negotiated transaction. Terms were not disclosed.
05/09/18 GrowGeneration Nursery and Garden - Investor Investor Group 10.200 US - An investor group, comprised of Merida Capital Partners Corp Centers Group LLC, Navy Capital LLC and Gotham Green Partners acquired an 17.587% minority stake in GrowGeneration Corp, a Denver- based retailer of hydroponic and organic specialty gardening supplies, for USD 10.2 mil, in a privately negotiated transaction. EXITS U.S. Sponsor Sales Via M&A (April 30, 2018 - May 13, 2018) CONSUMER PRODUCTS AND SERVICES Date Target Name Target Ultimate Parent Acquiror Full Ranking Value Synopsis Effective Name inc. Net Debt of Target ($Mil)
05/01/2018 Gateway Packaging Saw Mill Capital LLC ProAmpac LLC - US - ProAmpac LLC, a unit of Pritzker Group, acquired Gateway Packaging Co Co LLC LLC, a White House-based provider of packaging and labeling services, from Saw Mill Capital LLC.
05/01/2018 Coveris Holdings Sun Capital Partners Transcontinental 1320.000 US - Transcontinental Inc of Canada, acquired the Americas packaging business SA-Americas Inc Inc of Coveris Holdings SA, a Chicago-based manufacturer of plastics products, for Packaging Business an estimated total USD 1.32 bil.
05/01/2018 Penn Foster Vistria Group LLC Bain Capital - US - Bain Capital Double Impact SPV, a special purpose acquisition vehicle Education Group Double by Bain Capital Double Impact, Macquarie Corp Holdings Pty Ltd, Pinebridge INC Impact SPV Investments LLC, and Zoma Capital, acquired Penn Foster Education Group Inc (Penn), a Scranton-based provider of educational support services, from Vistria Group LLC (Vistria), in a secondary buyout transaction. Originally, Vistria acquired Penn. 44 | BUYOUTS | May 28, 2018 www.buyoutsnews.com MARKET INTELLIGENCE
CONSUMER STAPLES Date Target Name Target Ultimate Parent Acquiror Full Ranking Value Synopsis Effective Name inc. Net Debt of Target ($Mil)
05/03/2018 Groglass SIA NCH Capital Inc Investor - LATVIA - A management-led investor group, including Kartesia Advisor LLP of Group the United Kingdom, acquired Groglass SIA, a Riga-based broadwoven fabric mill operator, from NCH Capital Inc. ENERGY AND POWER Date Target Name Target Ultimate Parent Acquiror Full Ranking Value Synopsis Effective Name inc. Net Debt of Target ($Mil)
05/01/2018 IOTA Engineering Industrial Growth Acuity Brands - US - Acuity Brands Inc acquired IOTA Engineering LLC, a Tucson-based LLC Partners LP Inc manufacturer of emergency lighting equipment , from Industrial Growth Partners LP. Terms were not disclosed.
05/01/2018 Elite Production Pelican Energy Pro Oil & Gas - US - Pro Oil & Gas Services LLC (Pro Oil), a unit of OFS Energy Fund, acquired Services LLC Partners LP Services LLC Elite Production Services LLC, a San Antonio-based producer of crude petroleum and natural gas, from Pelican Energy Partners LP. Concurrently, Pro Oil acquired Whitetail Well Testing LLC. HEALTHCARE Date Target Name Target Ultimate Parent Acquiror Full Ranking Value Synopsis Effective Name inc. Net Debt of Target ($Mil)
05/01/2018 Abode Healthcare Frazier Healthcare Tailwind - US - Tailwind Capital Group LLC acquired Abode Healthcare Inc, a Durango- Inc Ventures Capital Group based provider of home health care services, from Frazier Healthcare Ventures, LLC in a leveraged buyout transaction. HIGH TECHNOLOGY Date Target Name Target Ultimate Parent Acquiror Full Ranking Value Synopsis Effective Name inc. Net Debt of Target ($Mil)
05/08/2018 Intermedix Corp Thomas H Lee Co R1 RCM Inc 460.000 US - R1 RCM Inc acquired Intermedix Corp, a Fort Lauderdale-based provider of healthcare information technology services, from Thomas H Lee Partners LP, ultimately owned by Thomas H Lee Co, for an estimated USD 460 mil in cash. INDUSTRIALS Date Target Name Target Ultimate Parent Acquiror Full Ranking Value Synopsis Effective Name inc. Net Debt of Target ($Mil)
05/01/2018 EP Minerals LLC Golden Gate Capital US Silica 750.000 US - US Silica Holdings Inc acquired EP Minerals LLC, a Reno-based Inc Holdings Inc manufacturer of treated minerals and earth, from Golden Gate Capital Inc, for USD 750 mil in cash.
05/08/2018 World Freight Co Greenbriar Equity World Freight - FRANCE - World Freight Co SAS SPV, comprised of Baring Private Equity Asia SAS Group LLC Co SAS Spv Ltd, a unit of Baring Private Equity Partners Ltd and PAI Partners SAS, acquired World Freight Co SAS, a Roissy-based provider of freight transportation arrangement services, from Greenbriar Equity Group LLC, in a leveraged buyout transaction.
04/30/2018 Ryan Herco Flow Greenbriar Equity SunSource - US - SunSource Holdings Inc, a unit of Littlejohn & Co LLC, acquired Ryan Herco Solutions Inc Group LLC Holdings Inc Flow Solutions Inc, a Burbank- based wholesaler of filtration and fluid handling products, from Greenbriar Equity Fund II LP, ultimately owned by Greenbriar Equity Group LLC. Terms were not disclosed.
04/30/2018 All Integrated High Road Capital MSC 86.000 US - MSC Industrial Direct Co Inc acquired All Integrated Solutions LLC, a Solutions LLC Partners LLC Industrial Franksville- based hardware merchant wholesaler, from High Road Capital Direct Co Inc Partners LLC, for an estimated USD 86 mil. www.buyoutsnews.com May 28, 2018 | BUYOUTS | 45 MARKET INTELLIGENCE
REAL ESTATE Date Target Name Target Ultimate Parent Acquiror Full Ranking Value Synopsis Effective Name inc. Net Debt of Target ($Mil)
05/11/2018 Blackstone Group Blackstone Group LP Undisclosed - US - Blackstone Group LP, a New York-based private equity firm, divested its LP-SanTan Village Acquiror SanTan Village Marketplace Shopping Center to an undisclosed acquiror. Marketplace Shopping Center
05/10/2018 Habaneras Centro Harbert Management Castellana 98.816 SPAIN - Castellana Properties Socimi SA, a unit of Vukile Property Fund Commercial, Corp Properties Ltd, acquired Habaneras Centro Commercial, a Torrevieja-based lessor of Torrevieja, Alicante Socimi SA nonresidential buildings, from Harbert European Real EstateFund III, ultimately owned by Harbert Management Corp, for a total EUR 80.6 mil (USD 98.816 mil). RETAIL Date Target Name Target Ultimate Parent Acquiror Full Ranking Value Synopsis Effective Name inc. Net Debt of Target ($Mil)
04/30/2018 Fiesta Mart LLC TPG Capital LP Bodega - US - Bodega Latina Corp, a unit of Grupo Comercial Chedraui SAB de CV, Latina Corp acquired Fiesta Mart LLC, a Houston- based supermarket operator, from ACON Investments LLC, ultimately owned by TPG Capital LP. TELECOMMUNICATIONS Date Target Name Target Ultimate Parent Acquiror Full Ranking Value Synopsis Effective Name inc. Net Debt of Target ($Mil)
05/07/2018 Birch KKR & Co LP Fusion 547.790 US - Fusion Telecommunications International Inc definitively acquired cloud Communications Telecommu- & business services business of Birch Communications Inc, an Atlanta-based Inc-Cloud & nications wired telecommunications carrier, owned by Kohlberg Kravis Roberts & CoLP, Business Services International for a total USD 547.79 mil. The consideration was to consist of the issuance Business Inc of 73 mil in common shares valued at USD 89.790 mil and the assumption of USD 458 mil in liabilities. The shares were valued based on Fusion's closing stock price of USD 1.23 on 25 August 2017, the last full trading day prior to the announcement.
U.S. Sponsor Sales Via IPOs (April 30, 2018 - May 13, 2018) IPO Date Company Name Company Industry IPO Size Post Offer IPO IPO Shares Company Firm(s) Invested in Company ($Mil) Value ($ Mil) Price (Mil) Ticker
05/08/18 Origin Bancorp Financials 123.630 34.000 3.636 OBNK Castle Creek Capital Inc