64 | BUYOUTS | October 8, 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 (September 11, 2018 - September 24, 2018) ENERGY AND POWER
Date Target Name Target City Target State Target Full Business Description Target Advisors Synopsis Announced
09/17/2018 CVR Refining Cushing OK Crude Oil Tank Farm of CVR Refining LP, - US - In September 2018, Workhorse Group Inc LP-Crude Oil located in Cushing, Oklahoma. announced that it was seeking a buyer for its Tank SureFly Inc unit, a manufacturer of aircrafts. FINANCIALS Date Target Name Target City Target State Target Full Business Description Target Advisors Synopsis Announced
09/12/2018 Nielsen Hldg New York City NY Nielsen Holdings plc, located inYork City, - US - In September 2018, CVR Refining LP, a plc New York, is an intermediating company. Sugar Land- based petroleum refinery operator, owned by CVR Energy Inc, announced that it was seeking a buyer for its crude oil tank farm. INDUSTRIALS Date Target Name Target City Target State Target Full Business Description Target Advisors Synopsis Announced
09/18/2018 Surefly Inc - DE SureFly Inc is a manufacturer of aircrafts. - US - In September 2018, Nielsen Holdings The Company is located in Delaware. plc, a New York City-based intermediator, announced that it was seeking a buyer for entire share capital of the company. RECENT DEALS Announced, Pending LBOs By U.S. Sponsors (September 11, 2018 - September 24, 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 ($Mil)
09/13/18 Mars Petcare US Dog and Arbor Private Arbor Private - US - Arbor Private Investment Co LP agreed to acquire the Inc-Exclxclusi Cat Food Investment Co LP Investment exclusive brands business of Mars Petcare US Inc, a Franklin-based Manufacturing Co LP manufacturer of dog and cat foods, ultimately owned by Mars Inc, in a leveraged buyout transaction. ENERGY AND POWER Rank Date Target Name Target Short Acquiror Full Name Acquiror Ranking Value Synopsis Business Ultimate inc. Net Debt of Description Parent Target ($Mil)
09/17/18 TE Connectivity- Power and Cerberus Capital Cerberus 325 US - Cerberus Capital Management LP definitively agreed to acquire Subsea Comms b Communication Management LP Capital the Subsea Communications business of TE Connectivity Ltd, a Line and Management Schaffhausen-based manufacturer of electronic components, and Tyco Related LP Electronics Group Sa, a unit of Tyco Electronics Ltd, for an estimated Structures USD 325 mil in cash, in a leveraged buyout transaction. Construction
09/12/18 Targa Resources Petroleum ArcLight Capital ArcLight 160 US - ArcLight Capital Partners LLC agreed to acquire the refined products Corp-Refined Bulk Stations Partners LLC Capital & crude oil storage & terminaling facilities of Targa Resources Corp, a and Terminals Partners LLC Houston-based provider of natural gas transmission services of natural gas, for an estimated total USD 160 mil, in a leveraged buyout transaction. www.buyoutsnews.com October 8, 2018 | BUYOUTS | 65 MARKET INTELLIGENCE
FINANCIALS Rank Date Target Name Target Short Acquiror Full Name Acquiror Ranking Value Synopsis Business Ultimate inc. Net Debt of Description Parent Target ($Mil)
09/18/18 Onesource Investment Wealth Lightyear - US - Wealth Enhancement Group LLC, a unit of Lightyear Capital Retirement Advice Enhancement Group Capital LLC LLC, definitively agreed to acquire Onesource Retirement Advisors, a Advisors LLC Malvern-based investment advisor. Terms were not disclosed.
09/13/18 Luminor Group Commercial Investor Group Investor 1,162.40 ESTONIA - An investor group, including Blackstone Group LP AB Banking Group (Blackstone) of the US, agreed to acquire a 60% interest in Luminor Group AB (Luminor), a Tallinn-based commercial bank, jointly owned by Nordea Bank AB (Nordea) and DNB Bank ASA (DNB), a unit of DNB ASA, from Nordea (36.5%) and DNB (23.5%), for a total EUR 1 bil (USD 1.162 bil) in cash, in a leveraged buyout transaction. Concurrently, Blackstone agreed to acquire a 20% stake in Luminor.
09/12/18 Sedgwick Claims Pvd claims The Carlyle Group LP The Carlyle 6,700.00 US - The Carlyle Group LP (Carlyle Group) agreed to acquire an Mgmt Svcs Inc administration Group LP undisclosed majority interest in Sedgwick Claims Management Services svcs Inc (Sedwick), a Memphis- based provider of claims adjusting services, from KKR & Co LP, in a secondary buyout transaction, for an estimated USD 6.7 bil in cash. Originally on September 2018, Carlyle Group was rumored to be planning to acquire Sedgwick. HEALTHCARE Rank Date Target Name Target Short Acquiror Full Name Acquiror Ranking Value Synopsis Business Ultimate inc. Net Debt of Description Parent Target ($Mil)
09/18/18 PanMed US Corp Surgical Zavation Medical Longuevue - US - Zavation Medical Products LLC, a unit of LongueVue Capital and Medical Products LLC Capital Partners LLC, planned to acquire PanMed US Corp, a Largo-based Instrument Partners manufacturer of medical instruments. Manufacturing 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)
09/20/18 Wallmob A/S Provide Symphony Symphony - DENMARK - Symphony Technology Group LLC (STG) of the US agreed information Technology Group Technology to acquire Wallmob A/S, a Vejle-based software publisher, from tech svcs LLC Group LLC Visma AS, in a leveraged buyout transaction. Concurrently, STG agreed to acquired Visma Retail AS, Visma Retail Software AS, Visma Retail AB, Abalon AB and NYCE Solutions AB.
09/20/18 Visma Retail AB, Software Symphony Symphony - SWEDEN - Symphony Technology Group LLC of the US (STG) agreed Abalon AB, NY Publishers Technology Group Technology to acquire Visma Retail AB, Abalon AB and NYCE Solutions AB LLC Group LLC software retailers from Visma AS, in a leveraged buyout transaction. Concurrently, STG agreed to acquire Visma Retail AS, Visma Retail Software AS and Wallmob A/S.
09/20/18 Visma Retail, Software Symphony Symphony - NORWAY - Symphony Technology Group LLC of the US (STG) Visma retail Publishers Technology Group Technology agreed to acquire Visma Retail AS and Visma Retail Software AS, LLC Group LLC software retailers from Visma AS n a leveraged buyout transaction.. Concurrently, STG agreed to acquire Visma Retail AB, Abalon AB, NYCE Solutions AB and Wallmob A/S.
09/13/18 BeyondTrust Software Bomgar Corp Francisco - US - Bomgar Corp (Bomgar), a unit of Francisco Partners LP (Francisco Software Inc Publishers Partners LP Partners), definitively agreed to acquire BeyondTrust Software Inc (BeyondTrust), a Phoenix- based software publisher, from Veritas Capital Partners LP (Veritas), in a secondary buyout transaction. Terms were not disclosed. Originally, Veritas acquired BeyondTrust.
09/13/18 INXPO Inc Software West Corp Apollo Global - US - West Corp, a unit of Apollo Global Management LLC, planned Publishers Management to acquire INXPO Inc, a Chicago-based provider of enterprise video LLC streaming platform.
09/11/18 Apex Revenue Data RevSpring Inc Gtcr LLC - US - RevSpring Inc, a unit of Gtcr LLC, definitively agreed to acquire Tech Processing, the entire share capital of Apex Revenue Technologies, a Saint Paul- Hosting, based provider of data processing and hosting services. and Related Services 66 | BUYOUTS | October 8, 2018 www.buyoutsnews.com MARKET INTELLIGENCE
INDUSTRIALS Rank Date Target Name Target Short Acquiror Full Name Acquiror Ranking Value Synopsis Business Ultimate inc. Net Debt of Description Parent Target ($Mil)
09/17/18 XJet Holdings Other Airport Modern Aviation Inc Tiger - US - Modern Aviation Inc, a unit of Tiger Infrastructure Partners LP, LLC-Denver Facil Operations Infrastructure planned to acquire denver facility of XJet Holdings LLC, a Denver- Partners based provider of airport operation related services, ultimately owned by Xjet World Holdings (BVI) Ltd.
09/13/18 AFN LLC General Globaltranz The Jordan - US - Globaltranz Enterprises Inc, a unit of The Jordan Co LP, Freight Enterprises Inc Co LP definitively agreed to acquire AFN LLC, a Niles- based provider of Trucking, long- distance freight trucking services. Long-Distance, Truckload MEDIA AND ENTERTAIMENT Rank Date Target Name Target Short Acquiror Full Name Acquiror Ranking Value Synopsis Business Ultimate inc. Net Debt of Description Parent Target ($Mil)
09/13/18 Tifco Ltd Own,operate Apollo Global Apollo - IRELAND - Apollo Global Management LLC of the US agreed to hotel Management LLC Global acquire Tifco Ltd (Tifco), a Dublin-based hotel operator, from Goldman Management Sachs International Ltd (Gold), ultimately owned by Goldman Sachs LLC Group Inc, in a leveraged buyout transaction. The terms of the transaction were not disclosed, but according to sources close to the transaction, the value was estimated at EUR 600 mil (USD 697.44 mil). Originally, in September 2017, Gold, announced that it was seeking a buyer for its Tifco unit. Apollo Global Management LLC was named rumored potential bidders.
09/13/18 Stuff Media LLC All Other iHeartMedia Inc Thomas H - US - iHeartMedia Inc, jointly owned by Thomas H Lee Partners LP Publishers Lee Co and Bain Capital Partners LLC, agreed to acquire Stuff Media LLC, an Atlanta-based publisher.
09/12/18 HMHC-Riverside Book Alpine Investors LP Alpine 140 US - Alpine Investors LP agreed to acquire Riverside clinical & Clinical & Std Publishers Investors LP standardized testing portfolio of Houghton Mifflin Harcourt Co, a Boston- based publisher and wholesaler of educational content, for a total USD 140 mil, in a leveraged buyout transaction. REAL ESTATE Rank Date Target Name Target Short Acquiror Full Name Acquiror Ranking Value Synopsis Business Ultimate inc. Net Debt of Description Parent Target ($Mil)
09/21/18 Propertylink Lessors Of ESR Real Warburg 603.238 AUSTRALIA - ESR Real Estate(Australia)Pty Ltd, a unit of ESR Cayman Group Ltd Nonresidential Estate(Australia) Pincus LLC Ltd, plans to launch an unsolicited tender offer for the remaining Buildings (Except Pty Ltd 80.11% stake, or 482.887 mil ordinary shares, which it did not Miniwarehouses) already own, in Propertylink Group Ltd, a Sydney-based real estate investment trust, for AUD 1. 15 (USD 0.838) in cash per share, or a total value of AUD 555.32 mil (USD 404.773 mil).
09/19/18 Banco Lessors Of Cerberus Capital Cerberus 1790.578 SPAIN - Cerberus Capital Management LP (Cerberus) of the US agreed Santander-Apple Nonresidential Management LP Capital to acquire Apple real estate portfolio (Apple) of Banco Santander SA Port Buildings (Except Management (Santander), a Santander- based commercial bank, for an estimated Miniwarehouses) LP EUR 1.535 bil (USD 1.791 bil), in a leveraged buyout transaction. Originally, in July 2018, Santander announced that it was seeking a buyer for Apple. Cerberus and Lone Star were rumored bidders.
09/17/18 Testa Residencial Lessors Of Tropic Real Estate Blackstone 2670.553 SPAIN - Tropic Real Estate Holding SL (Tropic), a unit of Blackstone SOCIMI SA Other Real Holding SL Group LP Group International Partners LLP, planned to launch an unsolicited Estate Property tender offer to acquire the entire share capital of Testa Residencial SOCIMI SA, a Madrid-based real estate investment trust, from Banco Bilbao Vizcaya Argentaria SA (25.24%), Banco Santander SA (7.82%), Merlin Properties SOCIMI SA (16.95%) and other shareholders, for an estimated EUR 14.327 (USD 16.659) in cash per share, or a total value of EUR 1.895 bil (USD 2.204 bil), in a leveraged buyout transaction. Tropic received irrevocable undertakings to accept the offer with respect to 50.01% of the Company's ordinary share capital. www.buyoutsnews.com October 8, 2018 | BUYOUTS | 67 MARKET INTELLIGENCE
RETAIL Rank Date Target Name Target Short Acquiror Full Name Acquiror Ranking Value Synopsis Business Ultimate inc. Net Debt of Description Parent Target ($Mil)
09/19/18 Aditya Birla Own,op Investor Group Investor - INDIA - An investor group, comprised of Amazon.Com Inc (Amazon) Retail Ltd grocery stores Group and Witzig Advisory Services Pvt Ltd agreed to acquire the entire share capital of Aditya Birla Retail Ltd (Aditya Birla Retail), a Mumbai-based supermarket operator, from Aditya Birla Management Corp Pvt Ltd, Kanishtha Finance & Investment Pvt Ltd and RKN Retail Private Ltd, a unit of Aditya Birla Management Corp Pvt Ltd, in a leveraged buyout transaction. Originally, in May 2018, Samara Capital Partners Fund II Ltd, a unit of Samara India Advisors Pvt Ltd, was rumored to be planning to acquire Aditya Birla Retail, which runs the More mall retail chain. The terms of the transaction were not disclosed, but according to sources close to the transaction, the value was estimated at INR 42 bil (USD 614.376 mil). Amazon was rumored to be a potential bidder.
Closed LBOs By U.S. Sponsors (September 11, 2018 - September 24, 2018) CONSUMER PRODUCTS AND SERVICES Date Target Name Target Short Acquiror Full Acquiror Ranking Value Synopsis Effective/ Business Name Ultimate Parent inc. Net Debt of Unconditional Description Target ($Mil)
09/20/18 Stelfast Inc Fastener, Button, Lindstrom Harbour Group - US - Lindstrom Metric LLC, a unit of Harbour Group Ltd, acquired Needle, and Pin Metric LLC Ltd Stelfast Inc, a Strongsville-based distributor of fasteners and Manufacturing specialty parts. Terms of the transaction were not disclosed.
09/20/18 Evolve Consulting Human Assuredpartners Gtcr LLC - US - Assuredpartners Inc, a unit of Gtcr LLC, acquired Evolve Group Inc Resources and Inc Consulting Group Inc, a Crofton-based provider of human Executive Search resources and executive search consulting services. Consulting Services
09/19/18 Remedy Human CoAdvantage Morgan Stanley - US - CoAdvantage Corp, a unit of Morgan Stanley Global Private Employer Svcs Resources and Corp Equity, acquired Remedy Employer Services, a Bradenton-based Executive Search provider of human resources and executive search consulting Consulting services. Services
09/18/18 Processunity Inc Software Long Ridge Long Ridge - US - Long Ridge Equity Partners LLC acquired an undisclosed Publishers Equity Partners Equity Partners majority interest in Processunity Inc, a Concord-based software LLC LLC publisher, in a leveraged buyout transaction.
09/13/18 STS Consulting All Other Applied- First Reserve - US - Applied-Cleveland Holdings Inc, a unit of First Reserve Corp, Svcs-Inspection Professional, Cleveland Corp acquired inspection business of STS Consulting Services LLC, Scientific, Holdings Inc provider of inspection services to oil and gas clients. Terms were and Technical not disclosed. Services
09/11/18 Predictive Service Facilities Lewellyn Tech Align Capital - US - Lewellyn Technology Inc, a unit of Align Capital Partners LLC, LLC Support Services Inc Partners LLC merged with Predictive Service LLC, a Cleveland-based provider of facilities support services. 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 ($Mil)
09/13/18 Fine Choice All Other Swander Pace Swander Pace - CANADA - Swander Pace Capital LLC of the US acquired Fine Foods Ltd Miscellaneous Capital LLC Capital LLC Choice Foods Ltd, a Richmond- based manufacturer of foods, in a Food leveraged buyout transaction. Manufacturing
09/11/18 Florida Food Manufacture MidOcean Ripplewood - US - MidOcean Partners LLP, a unit of Ripplewood Holdings LLC, Products Inc plant extracts Partners LLP Holdings LLC acquired Florida Food Products Inc, an Eustis-based manufacturer of foods, in a leveraged buyout transaction. Terms were not disclosed. 68 | BUYOUTS | October 8, 2018 www.buyoutsnews.com MARKET INTELLIGENCE
ENERGY AND POWER Date Target Name Target Short Acquiror Full Acquiror Ranking Value Synopsis Effective/ Business Name Ultimate Parent inc. Net Debt of Unconditional Description Target ($Mil)
09/19/18 Sino Gas & Oil and gas LSF10 Lone Star Funds 383.81 AUSTRALIA - LSF10 Summertime Investments Ltd of Bermuda, a Energy Holdings exploration,prodn Summertime unit of Lone Star Funds, acquired the entire share capital of Sino Ltd Investments L Gas & Energy Holdings Ltd, a Subiaco-based provider of support services for oil and gas operations, for AUD 0.25 (USD 0.189) in cash per or share, or a total value of AUD 529.714 mil (USD 401.258 mil), via scheme of arrangement. FINANCIALS Date Target Name Target Short Acquiror Full Acquiror Ranking Value Synopsis Effective/ Business Name Ultimate Parent inc. Net Debt of Unconditional Description Target ($Mil)
09/17/18 Bluepoint Finl Third Party Assuredpartners Gtcr LLC - US - AssuredPartners Inc, a unit of Gtcr LLC, acquired employee Llc- Employee Administration Inc benefits business of Bluepoint Financial Llc, a Bethesda-based Of Insurance and investment advisor. Pension Funds
09/13/18 Vanbridge LLC Insurance Edgewood Oak Hill Capital - US - Edgewood Partners Insurance Center, a unit of Oak Hill Agencies and Partners Partners LP Capital Partners LP, acquired Vanbridge LLC, a New York-based Brokerages Insurance insurance agency.
09/13/18 Biddle & Co Insurance Assuredpartners Gtcr LLC - US - AssuredPartners Inc, a unit of GTCR LLC, acquired Biddle & brokerage Inc Co, a Radnor-based insurance agency. services
09/11/18 Frontier Business Insurance Hub Hellman & - CANADA - Hub International Ltd of the US, a unit of Hellman & Centre Ltd Agencies and International Ltd Friedman LLC Friedman LLC, acquired Frontier Business Centre Ltd, a Vonda- Brokerages based insurance agency. Terms were not disclosed. HEALTHCARE Date Target Name Target Short Acquiror Full Acquiror Ranking Value Synopsis Effective/ Business Name Ultimate Parent inc. Net Debt of Unconditional Description Target ($Mil)
09/18/18 LifeSpan Biotechnology Thompson Thompson - US - Thompson Street Capital Partners LP acquired LifeSpan Biosciences Inc company Street Capital Street Capital Biosciences Inc, a Seattle- based immunohistochemistry services provider, in a leveraged buyout transaction. Terms of the transaction were not disclosed.
09/17/18 NJRetina Inc Offices Of Quad-C Mgmt Quad-C Mgmt - US - Quad-C Management Inc acquired NJRetina Inc, an Physicians Inc Inc Union-based physician's office operator, in a leveraged buyout (Except transaction. Mental Health Specialists)
09/13/18 Life Of Purpose Outpatient Fulcrum Equity Fulcrum Equity - US - Fulcrum Equity Partners Inc acquired Life Of Purpose Treatment Mental Health Partners Inc Partners Inc Treatment, a Boca Raton-based outpatient mental health and Substance and substance abuse center operator, in a leveraged buyout Abuse Centers transaction.
09/12/18 Reliant Offices Of HIG Capital LLC HIG Capital LLC - US - HIG Capital LLC acquired Reliant Rehabilitation Holdings Rehabilitation Physical, Inc (RRH), a Plano- based therapist's office operator, from Hldg Occupational DW Healthcare Partners LP, in a leveraged buyout transaction. and Speech Originally, in February 2015, DW Healthcare Partners LP was Therapists, and rumored to be seeking a buyer for its RRH unit. Audiologists
09/12/18 SightMD Offices Of Chicago Pacific Chicago Pacific - US - Chicago Pacific Founders (Chicago Pacific) acquired SightMD, Physicians Founders Founders a New York City- based physician's office operator. Originally, in (Except June 2018, Chicago Pacific was rumored to acquire SightMD. Mental Health Specialists)
09/12/18 Eagle Surgical Innovia Medical Shore Capital - US - Innovia Medical LLC, a unit of Shore Capital Partners LLC, Laboratories Inc and Medical LLC Partners LLC acquired Eagle Laboratories Inc, a Rancho Cucamonga-based Instrument manufacturer and wholesaler of ophthalmic cannulae and Manufacturing microsurgical knives. Terms were not disclosed. www.buyoutsnews.com October 8, 2018 | BUYOUTS | 69 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)
09/24/18 Opspanda Inc Software Xactly Corp Vista Equity - FLASH: US - Xactly Corp, a unit of Vista Equity Partners LLC, Reproducing Partners LLC acquired Opspanda Inc, a Palo Alto-based reproducer of software.
09/24/18 Acuant Inc Custom Audax Group LP Audax Group LP - FLASH: US - Audax Group LP acquired an undisclosed majority Computer interest in Acuant Inc, a Los Angeles-based provider of custom Programming computer programming services, in a leveraged buyout Services transaction. Terms were not disclosed.
09/18/18 Cluep Inc Software Impact Group CI Capital - CANADA - Impact Group of the US, a unit of CI Capital Partners Publishers Partners LLC LLC, acquired Cluep Inc, a Toronto-based provider of digital advertising platform.
09/18/18 Captio Tech SL Software Certify Inc K1 Investment - SPAIN - Certify Inc of the US, a unit of K1 Investment Publishers Management Management LLC, acquired Captio Tech SL, a Barcelona- based LLC software publisher.
09/18/18 Oildex Corp Computer Drillinginfo Inc Genstar Capital - US - Drillinginfo Inc, a unit of Genstar Capital LLC, acquired Oildex Systems Design LLC Corp, a Denver-based provider financial automation software, Services from TransZap Inc, owned by Accel-KKR LLC.
09/17/18 Mecmesin Ltd Instrument James H Heal & Battery Ventures - UK - James H Heal & Co Ltd, a unit of PPT Holding Ltd, acquired Manufacturing Co Ltd LP Mecmesin Ltd, a Slinfold-based manufacturer of electrical signals For Measuring measuring and testing instruments. and Testing Electricity and Electrical Signals
09/17/18 NETSCOUT Computer StoneCalibre LLC StoneCalibre LLC - US - StoneCalibre LLC acquired handheld network test tools Systems Inc- Systems Design business of NETSCOUT Systems Inc, a Westford-based provider Handheld Services of computer systems design services, in a leveraged buyout transaction.
09/17/18 PPI-Time Zero Inc Semiconductor VirTex Assembly Insight Equity - US - VirTex Assembly Services Inc, a unit of Insight Equity and Related Services Inc Holdings LLC Holdings LLC, acquired PPI- Time Zero Inc, a Fairfield- based Device manufacturer of semiconductors and related device, from Manufacturing Guardian Capital Partners.
09/12/18 Questex Internet MidOcean Ripplewood - US - MidOcean Partners LLP, a unit of Ripplewood Holdings Intermediate Publishing and Partners LLP Holdings LLC LLC, acquired Questex Intermediate Holdings Inc, a Newton- Holdings Broadcasting based provider of business information and events services, and Web Search from Shamrock Capital Advisors LLC, in a leveraged buyout Portals transaction. Terms were not disclosed.
09/12/18 OneOncology Inc Software General Atlantic General Atlantic 200 US - General Atlantic LLC acquired an undisclosed majority Publishers LLC LLC interest in OneOncology Inc, a Nashville- based provider of technology and data platform focusing on cancer care, for a total USD 200 mil, in a leveraged buyout transaction.
09/12/18 Add-On-Data Computer Source Code JMC Capital - US - Source Code Corp, a unit of JMC Capital Partners LLC, Inc-Cert Asts Systems Design Corp Partners LLC acquired certain assets of Add-On-Data Inc, a Wilmington- based Services provider of computer systems design services.
09/11/18 NOVAtime Develop Ascentis Corp Summit - US - Ascentis Corp, a unit of Summit Partners LP, acquired Technology Inc software Partners LP NOVAtime Technology Inc, a Diamond Bar-based software publisher.
09/11/18 Personify Inc Software Pamlico Capital Pamlico Capital - US - Pamlico Capital LLC acquired Personify Inc, an Austin-based Publishers Llc Llc software publisher, from Rubicon Technology Partners LP, in a leveraged buyout transaction. Terms were not disclosed. 70 | BUYOUTS | October 8, 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)
09/20/18 Spray Control Motor Vehicle Capital Partners Capital Partners - FLASH: US - Capital Partners Inc acquired the remaining stake, Sys Inc Metal Stamping Inc Inc which it did not already own, in Spray Control Systems Inc, a Blooming Prairie-based provider of motor vehicle metal stamping services, in a leveraged buyout transaction.
09/19/18 Hangon Sahak Oy Electrical Bravida AB Bain Capital LP - FINLAND - Bravida AB of Sweden, a unit of Bain Capital LLC, Contractors acquired Hangon Sahak Oy, a Hanko-based electrical contractor.
09/18/18 Anchor Danly Inc Mnfr,whl die Hidden Harbor Hidden Harbor - CANADA - Hidden Harbor Capital Partners LLC of the US acquired sets Capital Partners Capital Partners Anchor Danly Inc, a Windsor-based manufacturer and wholesaler of die sets, components, steel plates, and metal fabrications, from Connell LP, in a leveraged buyout transaction. Terms were not disclosed.
09/18/18 US Blades LLC Saw Blade Simonds Pfingsten - US - Simonds International LLC, a unit of Burton Saw & Supply and Handsaw International Partners LLC Co, merged with US Blades LLC, a Florence-based manufacturer of Manufacturing LLC saw blades and knives.
09/18/18 Hiway Group Ltd Construction The Riverside Co The Riverside - NEW ZEALAND - The Riverside Co of the US acquired a 60% company Co interest in Hiway Group Ltd, an Auckland-based highway, street and bridge constructor, from Direct Capital Ltd, in a leveraged buyout transaction.
09/17/18 Fl Tecnics Index Packaging Pro Mach Inc Leonard Green - SPAIN - Pro Mach Inc of the US, a unit of Leonard Green & SL Machinery & Partners LP Partners LP, acquired Fl Tecnics Index SL, a Girona- based Manufacturing manufacturer of packaging machinery.
09/17/18 Scott's AZ Electric Commercial Pumpman Soundcore - US - Pumpman Holdings LLC, a unit of Soundcore Capital Partners Motor & Industrial Holdings LLC Capital Partners LLC, acquired Scott's AZ Electric Motor Repair LLC, a Phoenix- Machinery & LLC based provider of commercial and industrial machinery and Equipment equipment repair and maintenance services. (Except Auto & Electronic)Repair & Maintenance
09/17/18 BlackHawk Whl industrial Snow Phipps Snow Phipps - US - Snow Phipps Group LLC acquired BlackHawk Industrial Industrial supplies,equip Group LLC Group LLC Distribution Inc, a Tulsa- based industrial machinery and equipment merchant wholesaler, in a leveraged buyout transaction. Terms were not disclosed.
09/13/18 EZ Shipper Racks Plate Work Geneva Glen Geneva Glen - US - Geneva Glen Capital LLC acquired EZ Shipper Racks Inc (EZ), Inc Manufacturing Capital LLC Capital LLC a Westlake Village- based manufacturer of plate works, from Toma Capital Management LLC (Toma), in a secondary buyout transaction. Originally, Toma acquired EZ.
09/13/18 Gryphon Engineering AE Industrial AE Industrial - US - AE Industrial Partners LP acquired Gryphon Technologies Technologies LC Services Partners LP Partners LP LC, a Greenbelt- based provider of engineering services, in a leveraged buyout transaction. Terms were not disclosed. MATERIALS Date Target Name Target Short Acquiror Full Acquiror Ranking Value Synopsis Effective/ Business Name Ultimate Parent inc. Net Debt of Unconditional Description Target ($Mil)
09/18/18 American Piping Metal Service Center Rock Center Rock - US - Center Rock Capital Partners LP acquired American Piping Products Inc Centers and Capital Partners Capital Partners Products Inc, a Chesterfield-based wholesaler of carbon, specialty Other Metal and chrome-moly pipe, tube, fittings and flanges, in a leveraged Merchant buyout transaction. Wholesalers
09/17/18 Cascadia Sport Other Athletica Sport Fulcrum Capital - CANADA - Athletica Sport Systems Inc, a unit of Fulcrum Capital Systems Inc Construction Sys Inc Partners Partners V LP, acquired Cascadia Sport Systems Inc, a Port Material Moody- based construction manufacturer and wholesaler of Merchant supplies for sport and multiuse entertainment facilities. Wholesalers
09/13/18 Trident Aluminum Sage Metals Ltd Delos Capital - US - Sage Metals Ltd of India, a unit of Delos Capital LLC, Components LLC Die-Casting LLC acquired Trident Components LLC, aluminum die-casting foundry Foundries operator. www.buyoutsnews.com October 8, 2018 | BUYOUTS | 71 MARKET INTELLIGENCE
MEDIA AND ENTERTAINMENT Date Target Name Target Short Acquiror Full Acquiror Ranking Value Synopsis Effective/ Business Name Ultimate Parent inc. Net Debt of Unconditional Description Target ($Mil)
09/12/18 ListEngage LLC Provides Broadtree Broadtree - US - Broadtree Partners LLC acquired ListEngage LLC, a marketing Partners Llc Partners Llc Framingham-based provider of marketing consulting services, in services a leveraged buyout transaction. REAL ESTATE Date Target Name Target Short Acquiror Full Acquiror Ranking Value Synopsis Effective/ Business Name Ultimate Parent inc. Net Debt of Unconditional Description Target ($Mil)
09/24/18 Prairie Market Lessors Of The Sterling The Sterling - FLASH : US - The Sterling Organization LLC acquired Prairie Oswego Nonresidential Organization LLC Organization Market Oswego, an Oswego-based lessor of nonresidential Buildings (Except LLC buildings, in a leveraged buyout transaction. Concurrently Miniwarehouses) acquirer has also acquired Hillside Town center at Hillside, IL.
09/24/18 Hillside Town Ctr Lessors Of The Sterling The Sterling - FLASH : US - The Sterling Organization LLC acquired Hillside Hillside Nonresidential Organization LLC Organization Town Center Hillside, a Hillside-based lessor of nonresidential Buildings (Except LLC buildings, in a leveraged buyout transaction. Concurrently Miniwarehouses) acquirer has also acquired Prairie Market at Oswego, IL.
09/11/18 JPI Mgmt Svcs- Lessors Of Bascom Group Bascom Group - US - Bascom Group LLC acquired Jefferson Stonebriar of JPI Jefferson Residential LLC LLC Management Services LP, a Frisco-based real estate development Buildings and firm, in a leveraged buyout transaction. Dwellings
09/20/18 Edr Student Owns,operates Undisclosed Re Blackstone 1,200.00 US - An Undisclosed Real Estate Joint Venture, jointly owned by Housing Portfolio student housing Joint Venture Group LP Blackstone Real Estate Income Trust Inc (95%) and Greystar Real assets Estate Partners LLC (5%) (GREP), acquired EdR Student Housing portfolio, owner and operator of student housing assets, for USD 1.2 bil. Concurrently, GREP acquired the entire share capital of Education Realty Trust Inc. RETAIL Date Target Name Target Short Acquiror Full Acquiror Ranking Value Synopsis Effective/ Business Name Ultimate Parent inc. Net Debt of Unconditional Description Target ($Mil)
09/18/18 Five Guys Entrps Full-Service Hyde Park Hyde Park - UK - Hyde Park Venture Partners of the US acquired Five Guys Llc-Five Restaurants Venture Partners Venture Enterprises Llc- Five Guys Franchises (16), full-service restaurant Partners operator, from Five Guys Enterprises LLC, in a leveraged buyout transaction.
09/21/18 Sullivan's Full-Service Romano's JH Whitney & 32.00 US - Romano's Macaroni Grill, a unit of Ignite Restaurant Group Steakhouse Restaurants Macaroni Grill Co LLC Inc, acquired Sullivan's Steakhouse, full- service restaurant operator, from Del Frisco's Restaurant Group LLC, for a total USD 32 mil.
9/12/18 Undisclosed Other Direct Party City Thomas H Lee 22.9 US - Party City Holdco Inc, a unit of Thomas H Lee Partners LP, Franchise Group Selling Holdco Inc Co acquired Undisclosed Franchise Group, retailer, for a total USD Establishments 22.9 mil.
9/12/18 Margarita Plaza Department The Sterling The Sterling 23.75 US - The Sterling Organization LLC acquired Margarita Plaza, a Stores (Except Organization LLC Organization Huntington Park-based department store operator, for a total USD Discount LLC 23. 75 mil, in a leveraged buyout transaction. Department Stores)
9/13/18 Jamba Inc Holding Focus Brands Roark Capital 194.23 US - Focus Brands Inc, a unit of Roark Capital Management LLC, company Inc Mgmt Llc completed a tender offer to acquire the entire share capital of Jamba Inc, an Emeryville-based snack bar operator, for USD 13 in cash per share, or a total value of USD 203.328 mil in cash. The offer was conditioned upon at least a majority of Sequenom's shares being tendered. 72 | BUYOUTS | October 8, 2018 www.buyoutsnews.com MARKET INTELLIGENCE
RECENT TRANSACTIONS Non-Control Deals, U.S. Sponsors (September 11, 2018 - September 24, 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)
09/20/18 F/ELD Drugs and - Investor Investor Group 6.00 US - An investor group, comprised of Navy Capital Druggists' Group LLC and Serruya Private Equity Inc acquired an Sundries Merchant undisclosed minority stake in F/ELD, a Los Angeles- Wholesalers based cannabis company, for a total USD 6 mil, in a privately negotiated transaction.
09/19/18 Home Interior Interior Design - Investor Investor Group 70.00 INDIA - An investor group, comprised of Goldman Designs Services Group Sachs Group Inc and TPG Capital LP acquired an undisclosed minority stake in Home Interior Designs E-Commerce Pvt Ltd, a Bengaluru-based provider of interior design services, for a total INR 5. 089 bil (USD 70 mil), in a privately negotiated transaction.
09/19/18 Galera Research and - Investor Investor Group 70.00 US - An investor group, comprised of Adage Capital Therapeutics Inc Development in Group Management LP, RA Capital Healthcare Fund LP, Clarus Biotechnology Ventures LLC, HBM Healthcare Investments AG, Novartis Venture Funds, a unit of Novartis AG, Novo Ventures (US) Inc, a unit of Novo Holdings A/S, New Enterprise Associates Inc, Sofinnova Ventures Inc, Correlation Ventures LP, Tekla Capital Management LLC, a unit of Chase H&Q, and Rock Springs Capital LP acquired an undisclosed minority stake in Galera Therapeutics Inc, a Malvern-based provider of biotechnology research and development services, for a total USD 70 mil, in a privately negotiated transaction.
09/18/18 Metco Landscape Landscaping Ceibass Westhook Westhook - US - Westhook Capital LLC acquired an undisclosed Inc Services Venture Capital LLC Capital LLC minority stake in Metco Landscape Inc, an Aurora- Partners LLC based provider of landscaping services, in a privately negotiated transaction.
09/17/18 Zenledger Inc Tax Preparation - Vestigo Vestigo 1.50 US - Vestigo Ventures Management LLC acquired an Services Ventures Ventures Mgmt undisclosed minority stake in Zenledger Inc, a Bellevue- Management LLC based provider of tax preparation services, for a total LLC USD 1.5 mil, in a privately negotiated transaction.
09/13/18 Basic Fun Inc Doll and Stuffed Toy BMO Capital Falcon Falcon - US - Falcon Investment Advisors LLC acquired an Manufacturing Markets Investment Investment undisclosed minority stake in Basic Fun Inc, a Boca Advisors LLC Advisors LLC Raton- based manufacturer of dolls and stuffed toys, a unit of The Bridge Direct Inc, in a privately negotiated transaction.
09/11/18 OncoResponse Research and - Investor Investor Group 40.00 US - An investor group, comprised of Arch Venture Inc Development in Group Partners, Canaan Partners, Helsinn Investment Fund Biotechnology SA, a unit of Helsinn Healthcare SA, Redmile Group LLC, Qatar Investment Authority, a unit of the Qatari state-owned State of Qatar, RiverVest Venture Partners LLC and Alexandria Venture Investments LLC acquired an undisclosed minority stake in OncoResponse Inc, a Houston- based provider of biotechnology research and development services, for a total USD 40 mil, in a privately negotiated transaction.
09/11/18 Immusant Inc Provides - JDRF T1D Fund JDRF T1D Fund - US - JDRF T1D Fund LLC acquired an undisclosed biotechnology LLC LLC minority stake in Immusant Inc, a Cambridge-based services provider of biotechnology research and development services, in a privately negotiated transaction.
09/11/18 Rapid Rating Pvd acct rec,credit Marlin & FTV FTV 30.00 US - FTV Management Co LP acquired an undisclosed Intl Inc svcs Associates Management Management minority stake in Rapid Ratings International Inc, a Co LP Co LP New York-based collection agency, for a total USD 30 mil, in a privately negotiated transaction. www.buyoutsnews.com October 8, 2018 | BUYOUTS | 73 MARKET INTELLIGENCE
CONSUMER STAPLES Rank Target Name Target Short Target Acquiror Full Acquiror Ranking Value Synopsis Date Business Advisers Name Ultimate Parent inc. Net Debt of Description Target ($Mil)
09/24/18 Premier Specialty Household - Dominus Dominus - US - Dominus Capital LP acquired an undisclosed Brands LLC Cooking Appliance Capital LP Capital LP minority stake in Premier Specialty Brands LLC, a Manufacturing Duluth-based manufacturer of household cooking appliances, in a privately negotiated transaction.
09/13/18 Stryve Foods Llc Roasted Nuts and - Meaningful Meaningful - US - Meaningful Partners acquired an undisclosed Peanut Butter Partners Partners minority stake in Stryve Foods LLC, a Plano-based Manufacturing manufacturer of roasted nuts and peanut butter, in a privately negotiated transaction. ENERGY AND POWER Rank Target Name Target Short Target Acquiror Full Acquiror Ranking Value Synopsis Date Business Advisers Name Ultimate Parent inc. Net Debt of Description Target ($Mil)
09/18/18 Imprint Energy Primary Battery - Investor Investor Group 5.00 US - An investor group, comprised of Phoenix Inc Manufacturing Group Venture Partners LLC and Semtech Corp acquired an undisclosed minority stake in Imprint Energy Inc, an Alameda-based manufacturer of primary batteries, for a total USD 5 mil, in a privately negotiated transaction.
09/17/18 Tall City Expl Crude Petroleum - Warburg Warburg Pincus 500 US - Warburg Pincus LLC acquired an undisclosed III LLC and Natural Gas Pincus LLC LLC minority stake in Tall City Exploration III LLC, a Extraction Midland-based producer of crude petroleum and natural gas, for an estimated USD 500 mil, in a privately negotiated transaction.
09/11/18 Blue Source LLC Pvd greenhouse Marathon GEF Capital GEF Capital - US - GEF Capital Partners acquired an undisclosed gas svcs Capital LLC Partners Partners minority stake in Blue Source LLC, a Cottonwood Heights- based alternative energy sources establishment, a unit of First Reserve Corp, in a privately negotiated transaction. FINANCIALS Rank Target Name Target Short Target Acquiror Full Acquiror Ranking Value Synopsis Date Business Advisers Name Ultimate Parent inc. Net Debt of Description Target ($Mil)
09/18/18 JUMO World Ltd Financial - Investor Investor Group 52.00 SOUTH AFRICA - An investor group, comprised of Transactions Group Gemcorp Capital LLP, a unit of afb Mauritius Ltd, Processing, Teollisen yhteistyon rahasto Oy, Goldman Sachs Group Reserve, and Inc, Leapfrog Investments, Societe de Promotion et Clearinghouse de Participation pour la Cooperation Economique SA, Activities a unit of the French state- owned Agence Francaise deDeveloppement and Vostok Emerging Finance Ltd acquired an undisclosed minority stake in JUMO World Ltd, a Cape Town-based provider of financial transactions services, for a total ZAR 775. 228 mil (USD 52 mil), in a privately negotiated transaction.
09/18/18 Lon Operations Sales Financing - Investor Investor Group 60.00 US - An investor group, comprised of Bessemer LLC Group Venture Partners LP, Cue Ball Capital LLC, Kinnevik AB, Menlo Ventures, Colle Capital Partners and RRE Ventures LLC acquired an undisclosed minority stake in Lon Operations LLC, a New York- based provider of technology financing services, for a total USD 60 mil, in a privately negotiated transaction.
09/13/18 Luminor Group Commercial Goldman Blackstone Blackstone - ESTONIA - Blackstone Group LP (Blackstone) of the AB Banking Sachs & Co Group LP Group LP US agreed to acquire a 20% stake in Luminor Group Nordea PLC AB (Luminor), a Tallinn-based commercial bank, jointly owned by Nordea Bank AB (Nordea) and DNB Bank ASA, from Nordea, in a privately negotiated transaction. Concurrently, investor group, including Blackstone, agreed to acquire 60% interest in Luminor. 74 | BUYOUTS | October 8, 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 ($Mil)
09/12/18 OnEMi Tech Consumer Lending - Investor Investor Group 30.00 INDIA - An investor group, comprised of Fosun Solutions Pvt Ltd Group RZ Capital, Sistema Asia Fund Pte Ltd, a unit of Upravliaiushchaia Kompaniia Sistema - VenchurnyiKapital OOO, Ventureast Trustee Co Pvt Ltd, Endiya Partners and Vertex Ventures Inc acquired an undisclosed minority stake in OnEMi Technology Solutions Pvt Ltd, a Mumbai-based provider of consumer lending services, for a total INR 2. 179 bil (USD 30 mil), in a privately negotiated transaction. HEALTHCARE Rank Target Name Target Short Target Acquiror Full Acquiror Ranking Value Synopsis Date Business Advisers Name Ultimate Parent inc. Net Debt of Description Target ($Mil)
09/21/18 uBiome Inc Biological Product - Investor Investor Group 83.00 US - An investor group, comprised of 8VC, Os Fund (Except Diagnostic) Group LLC, Y Combinator Management LLC and Dentsu Manufacturing Ventures Global Fund I acquired an undisclosed minority stake in Ubiome Inc, a San Francisco- based manufacturer of biological products, for a total USD 83 mil, in a privately negotiated transaction.
09/20/18 Canada House In-Vitro Diagnostic - Alumina Alumina 19.36 CANADA - Alumina Partners LLC of the US agreed Wellness Group Substance Partners LLC Partners LLC to acquire units convertible into an undisclosed Manufacturing minority stake in Canada House Wellness Group Inc, a Pickering-based manufacturer of in-vitro diagnostic substances, for an estimated CAD 25 mil (USD 19. 362 mil), in a privately negotiated transaction.
09/20/18 Providence Medical Devices & - Investor Investor Group 25.00 US - An investor group, comprised of Aphelion Medical Implants Group Capital LLC, MVM Life Science Partners LLP, Revelation Technology Partners LLC, Capital Growth Medvest LLC and BMO Global Asset Management (Europe) Ltd acquired an undisclosed minority stake in Providence Medical Technology Inc, a Lafayette-based manufacturer of medical instruments, for a total USD 25 mil, in a privately negotiated transaction.
09/12/18 Epic Sciences Inc Biotechnology - Investor Investor Group 52.00 US - An investor group, comprised of Blue Ox company Group Healthcare Partners LLC, Deerfield Management Co LP, Domain Associates LLC, Genomic Health Inc, Altos Capital Partners LLC, Virtus Inspire Ventures, Sabby Management LLC, Varian Medical Systems Inc and Alexandria Venture Investments LLC acquired an undisclosed minority stake in Epic Sciences Inc, a San Diego-based manufacturer of biological products, for a total USD 52 mil, in a privately negotiated transaction.
09/11/18 Gem Assistencia Specialty (Except - HIG Capital HIG Capital LLC - BRAZIL - HIG Capital LLC of the US acquired an undisclosed Medica Psychiatric and LLC minority stake in Gem Assistencia Medica Especializada Substance Abuse) Ltda, a Salvador-based specialty hospital operator, a unit Hospitals of Onco D'Or Oncologia SA, ultimately owned by Rede D'Or Sao Luiz SA, in a privately negotiated transaction.
09/11/18 Irrimax Corp Biological Product - Decathlon Decathlon - US - Decathlon Capital Partners LLC acquired an (Except Diagnostic) Capital Capital Partners undisclosed minority stake in Irrimax Corp, a Manufacturing Partners LLC LLC Lawrenceville- based manufacturer of biological products, in a privately negotiated transaction.
09/11/18 Atreca Inc Biological Product Cowen Investor Investor Group 125.00 US - An investor group, comprised of Aisling Capital, (Except Diagnostic) Group Boxer Capital LLC, a unit of Tavistock Group, Cormorant Manufacturing Asset Management LLC, Samsara Biocapital LP, EcoR1 Capital LLC, Redmile Group LLC, Wellington Management Co LLP and Tekla Capital ManagementLLC acquired an undisclosed minority stake in Atreca Inc, a Redwood City- based biotechnology company, for a total USD 125 mil, in a privately negotiated transaction. www.buyoutsnews.com October 8, 2018 | BUYOUTS | 75 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)
09/21/18 Good Methods Provides - Investor Investor Group - FLASH: US - An investor group, comprised of Accel Global Inc healthcare practice Group Partners & Co Inc, Eight Roads Ventures, a unit of management Fidelity International Ltd and F-Prime Capital Partners services acquired an undisclosed minority stake in Good Methods Global Inc, a Celebration-based software publisher, in a privately negotiated transaction. The terms of the transaction were not disclosed, but according to sources close to the transaction, the deal had a reported value was estimated at USD 16 mil.
09/20/18 Mohalla Tech Software Publishers - Investor Investor Group 99.52 INDIA - An investor group, comprised of Xiaomi Pvt Ltd Group Corp, Shunwei Capital, Lightspeed Venture Partners, Morningside Group Ltd, Jesmond Holdings Ltd and SAIF Partners acquired an undisclosed minority stake in Mohalla Tech Pvt Ltd (ShareChat), a Mumbai-based software publisher, for a total INR 7. 2 bil (USD 99.518 mil), in a privately negotiated transaction. Originally, in May 2018, ShareChat was rumored to be seeking a buyer for an undisclosed minority stake in the company. The terms of the transaction were not disclosed, but according to sources close to the transaction, the value was estimated at INR 6.706 bil (USD 100.376 mil). Xiaomi, Shunwei Capital and Morningside Ventures were named as potential bidders.
09/20/18 MJ Freeway LLC Other Software - Investor Investor Group 10.00 US - An investor group, comprised of Batu Capital Group Management LLC and Cresco Capital Partners LLC acquired an undisclosed minority stake in MJ Freeway, a Littleton- based software publisher, for a total USD 10 mil, in a privately negotiated transaction.
09/20/18 Cortera Inc Software Publishers - Investor Investor Group 10.00 US - An investor group, comprised of Allen & Co LLC, Group Battery Ventures III(BatteryVentures), a unit of Battery Ventures LP, Hearst Financial Venture Fund, a unit of Hearst Communications Inc and Volition Capital LLC acquired an undisclosed minority stake in Cortera Inc, a Boca Raton- based software publisher, a unit of Fidelity Ventures Inc, for a total USD 10 mil, in a privately negotiated transaction.
09/19/18 Gitlab Inc Software Publishers - Investor Investor Group 100.00 US - An investor group, comprised of GV Management Group Co LLC, a unit of Google Inc, Khosla Ventures and ICONIQ Capital LLC acquired an undisclosed minority stake in Gitlab Inc, a San Francisco- based software developer, for a total USD 100 mil, in a privately negotiated transaction.
09/19/18 TEAM Software Custom Computer Mooreland Accel-KKR LLC Accel Partners - US - Accel-KKR LLC, jointly owned by Kohlberg Kravis Inc Programming Partners LLC & Co Inc Roberts & Co LP and Accel Partners & Co Inc, acquired Services an undisclosed minority stake in TEAM Software Inc, an Omaha-based provider of custom computer programming services, in a privately negotiated transaction.
09/19/18 Magic Micro Other Electronic - Broadline Broadline - FLASH: SOUTH KOREA - Broadline Capital LLC of the US Co Ltd Component Capital LLC Capital Llc acquired an undisclosed minority stake in Magic Micro Manufacturing Co Ltd, a Busan-based manufacturer of electronic components, in a privately negotiated transaction.
09/18/18 UiPath Inc Software Publishers - Investor Investor Group 225.00 US - An investor group, comprised of Accel Partners Group & Co Inc, CapitalG, a unit of Google Inc and Sequoia Capital Operations LLC acquired an undisclosed minority stake in UiPath Inc, a New York-based software publisher, for a total USD 225 mil, in a privately negotiated transaction.
09/18/18 Tamr Inc Software Publishers - Investor Investor Group 10.00 US - An investor group, comprised of Pear Tree Group Partners LP and Granite Hill Capital Partners LLC acquired an undisclosed minority stake in Tamr Inc, a Cambridge- based software publisher, for a total USD 10 mil, in a privately negotiated transaction. 76 | BUYOUTS | October 8, 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)
09/18/18 Delphi Display Software Publishers - Decathlon Decathlon - US - Decathlon Capital Partners LLC acquired an Sys Inc Capital Capital Partners undisclosed minority stake in Delphi Display Systems Partners LLC LLC Inc, a Costa Mesa-based display solutions provider, in a privately negotiated transaction.
09/18/18 Hall Research Audio and Video - Blackford Blackford - US - Blackford Capital LLC acquired an undisclosed Technologies Equipment Capital LLC Capital LLC minority stake in Hall Research Technologies, a Tustin- Manufacturing based manufacturer of audio and video hardware equipment, in a privately negotiated transaction.
09/18/18 Zumper Inc Internet Service - Investor Investor Group 46.00 US - An investor group, comprised of Axel Springer SE, Providers Group Dawn Capital, Goodwater Capital LLC, Kleiner Perkins Caufield & Byers LLC, Breyer Capital LLC and Stereo Capital acquired an undisclosed minority stake in Zumper Inc, a San Francisco- based internet service provider, for a total USD 46 mil, in a privately negotiated transaction.
09/17/18 Bluebridge Internet Publishing - Edison Edison Partners 7.50 US - Edison Partners acquired an undisclosed Digital Inc and Broadcasting Partners minority stake in Bluebridge Digital Inc, a Fishers- and Web Search based internet portal operator, for a total USD 7.5 mil, Portals in a privately negotiated transaction.
09/17/18 Dispatch Custom Computer - Investor Investor Group - US - An investor group, comprised of GrandBanks Technologies Inc Programming Group Capital Inc and Vista Equity Partners LLC acquired an Services undisclosed minority stake in Dispatch Technologies Inc, a Boston-based enterprise software company, in a privately negotiated transaction.
09/17/18 Passageways LLC Dvlp corporate - Five Elms Five Elms - US - Five Elms Capital LLC acquired an undisclosed minority portal software Capital LLC Capital LLC stake in Passageways LLC, a West Lafayette-based software publisher, in a privately negotiated transaction.
09/17/18 SCYTHE Inc Software Publishers - Investor Investor Group 3.00 US - An investor group, comprised of Evolution Equity Group Partners Ltd, Salary.com LLC, a unit of HIG Capital LLC, Paladin Capital Group LLC, Ron Gula, Stony Lonesome Group LLC, SaaS Ventures LP, Dmitri Alperovitch, Aleksandr Yamposkiy, Mike Sutton, Dave Kennedy, Matt Devost, Oliver Friedrichs and Dave Cole acquired an undisclosed minority stake in SCYTHE Inc, an Arlington- based provider of information security services, for a total USD 3 mil, in a privately negotiated transaction.
09/13/18 Saykara Inc Custom Computer - Investor Investor Group 5.00 US - An investor group, comprised of Elevate Innovation Programming Group Partners LLC, Madrona Venture Group, New York- Services Presbyterian Hospital and SpringRock Ventures LLC acquired an undisclosed minority stake in Saykara Inc, a Seattle-based provider of voice and artificial intelligence- powered virtual assistant services for physicians, for a total USD 5 mil, in a privately negotiated transaction.
09/12/18 Q4 Inc Software Publishers RBC Capital Investor Investor Group 38.00 CANADA - An investor group, comprised of OpenText Markets Group Enterprise Apps Fund, Information Venture Partners, Espresso Capital Partners and Napier Park Financial Partners acquired an undisclosed minority stake in Q4 Inc, a Toronto-based provider of cloud-based investor relations and capital market intelligence analytics services for a total CAD 49.647 mil (USD 38 mil), in a privately negotiated transaction.
09/12/18 Sisense Inc Data Processing, - Insight Insight Venture 80.00 US - Insight Venture Partners LLC acquired an undisclosed Hosting, and Venture Partners LLC minority stake in Sisense Inc, a New York-based provider Related Services Partners LLC of business intelligence analytics, for a total USD 80 mil, in a privately negotiated transaction.
09/11/18 StreamSets Inc Data Processing, - Investor Investor Group 35.00 US - An investor group, comprised of Battery Ventures LP, New Hosting, and Group Enterprise Associates Inc and Tenaya Capital Inc acquired an Related Services undisclosed minority stake in StreamSets Inc, a San Francisco- based provider of data processing and hosting services, for a total USD 35 mil, in a privately negotiated transaction. www.buyoutsnews.com October 8, 2018 | BUYOUTS | 77 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 ($Mil)
09/11/18 Corelight Inc Software - General General 25.00 US - General Catalyst LLC acquired an undisclosed Reproducing Catalyst LLC Catalyst LLC minority stake in Corelight Inc, a San Francisco-based reproducer of software, for a total USD 25 mil, in a privately negotiated transaction. INDUSTRIALS Rank Target Name Target Short Target Acquiror Full Acquiror Ranking Value Synopsis Date Business Advisers Name Ultimate Parent inc. Net Debt of Description Target ($Mil)
09/18/18 Freightos Ltd Freight Rothschild Investor Investor Group 44.40 HONG KONG - An investor group, comprised of GE Transportation & Co Group Ventures LLC, a unit of General Electric Co, Aleph, ICV and Arrangement Singapore Exchange Ltd acquired an undisclosed minority stake in Freightos Ltd, provider of freight transportation arrangement services, for a total HKD 348.282 mil (USD 44. 4 mil), in a privately negotiated transaction.
09/18/18 WHILL Inc All Other - Investor Investor Group 44.71 JAPAN - An investor group, comprised of Eight Roads Ventures, Transportation Group a unit of Fidelity International Ltd, DG Incubation Inc, a unit of Equipment Digital Garage Inc, Daiwa PI Partners Co Ltd, a unit of Daiwa Manufacturing Securities Group Inc (Daiwa Securities Group), es Networks Co Ltd, SBI AI&Blockchain LPS, led by SBI Investment Co Ltd,ultimately owned by SBI Holdings Inc, Innovation Network Corp Of Japan, Mizuho Capital Co Ltd, Mitsui Sumitomo Insurance Venture Capital Co Ltd, a unit of Mitsui Sumitomo Insurance Co Ltd, Nippon Venture Capital Co Ltd, JMTC Capital LLC, Endeavor Catalyst, led by Endeavor Global Inc, DCI Venture Seicho Shien Toshi Jigyo Yugen Sekinin Kumiai, led by Daiwa Corporate Investment Co Ltd, ultimately owned by Daiwa Securities Group, Whiz Partners Inc and Mistletoe Inc acquired an undisclosed minority stake in WHILL Inc, an Yokohama-Shi, Kanagawa- based manufacturer of transportation equipment, for an estimated value of JPY 5 bil (USD 44.71 mil), in a privately negotiated transaction.
09/13/18 Delair-Tech SAS Search Detection - Intel Capital Intel Corp - FRANCE - Intel Capital Corp of the US, a unit of Intel Navigation Guidance Corp Corp, acquired an undisclosed minority stake in Aeronautical and Delair-Tech SAS, a Labege-based manufacturer of Nautical System search, detection, navigation, guidance, aeronautical and Instrument and nautical systems and instruments, in a privately Manufacturing negotiated transaction. Terms were not disclosed. MATERIALS Rank Target Name Target Short Target Acquiror Full Acquiror Ranking Value Synopsis Date Business Advisers Name Ultimate Parent inc. Net Debt of Description Target ($Mil)
09/18/18 Indigo Ag Inc Pesticide and - Investor Investor Group 250.00 US - An investor group, comprised of Alaska Permanent Other Agricultural Group Fund Corp, a unit of the US state-owned Alaska, Baillie Chemical Gifford & Co Ltd, Investment Corp Of Dubai, a unit of the Manufacturing Emirati state-owned United Arab Emirates and Flagship Ventures Management Inc acquired an undisclosed minority stake in Indigo Ag Inc, a Boston-based provider of agricultural solutions, for USD 250 mil in cash, in a privately negotiated transaction. 78 | BUYOUTS | October 8, 2018 www.buyoutsnews.com MARKET INTELLIGENCE
MEDIA AND ENTERTAINMENT Rank Target Name Target Short Target Acquiror Full Acquiror Ranking Value Synopsis Date Business Advisers Name Ultimate Parent inc. Net Debt of Description Target ($Mil)
9/24/18 Soccerex Ltd Sports Teams and - Gacp Sports Gacp Sports - FLASH: UK - Gacp Sports Partners LLC of the US acquired Clubs Partners LLC Partners LLC an undisclosed minority stake in Soccerex Ltd, a London- based sports club, in a privately negotiated transaction.
9/14/18 AMC Motion Picture Moelis & Co Silver Lake Silver Lake 600 US - Silver Lake Management LLC acquired senior Entertainment Theaters (Except Goldman Management Management unsecured notes convertible into a 22. 94% stake or Holdings Inc Drive-Ins) Sachs & Co LLC LLC 29.268 mil common shares, in AMC Entertainment Holdings Inc, a Leawood-based motion picture theater operator, a unit of Dalian Wanda Group Co Ltd, ultimately owned by Dalian Hexing Investment Co Ltd, for an estimated USD 20.5 per share or a total value of USD 600 mil, in a privately negotiated transaction. RETAIL Rank Target Name Target Short Target Acquiror Full Acquiror Ranking Value Synopsis Date Business Advisers Name Ultimate Parent inc. Net Debt of Description Target ($Mil)
9/20/18 DailyNinja Electronic Shopping - Investor Investor Group - INDIA - An investor group, comprised of Saama Delivery Svcs Pvt Group Capital India Advisors LLP, Matrix Partners India, a unit of Matrix Partners and Sequoia Capital India acquired an undisclosed minority stake in DailyNinja Delivery Services Pvt Ltd, a Thane-based online retailer, in a privately negotiated transaction.
9/15/18 Shanghai Lantu Commercial - Investor Investor Group 450 CHINA - An investor group, comprised of CCB Info Tech Co and Industrial Group International (Holdings) Co Ltd, a unit of China Machinery and Construction Bank Corp, Carlyle Investment Equipment(Except Management LLC, a unit of The Carlyle Group LLC, Auto and Goldman Sachs (China) Llc, a unit of Goldman Sachs Electronic)Repair Group Inc, Tencent Holdings Ltd, Welkin Group Ltd, and Maintenance CICC Qiyuan National New Industry Venture Capital Investment Guidance Fund LP, CICC ALPHA (Beijing) Investment Fund Management Co Ltd, a unit of China International Capital Corp Ltd, Qiming Venture Partners, Sequoia Capital China, a unit of Sequoia Capital Operations LLC, Beijing Joy Capital Investment Management Co Ltd and Grand Flight Investment Management Co Ltd acquired an undisclosed minority stake in Shanghai Lantu Information Technology Co Ltd, a Shanghai- based provider of commercial and industrial machinery and equipment repair and maintenance services, for an estimated CNY 3.09 bil (USD 450 mil), in a privately negotiated transaction. TELECOMMUNICATIONS Rank Target Name Target Short Target Acquiror Full Acquiror Ranking Value Synopsis Date Business Advisers Name Ultimate Parent inc. Net Debt of Description Target ($Mil)
9/18/18 Infrastructure Wireless DCS Advisory Apollo Apollo Global - US - Apollo Natural Resources Partners II LP, a unit Networks Inc Telecommunications LLC Natural Management of Apollo Global Management LLC, acquired an Carriers (Except Resources LLC undisclosed minority stake in Infrastructure Networks Satellite) Partners II LP Inc, a Houston-based provider of high-speed wireless communications services, in a privately negotiated transaction. www.buyoutsnews.com October 8, 2018 | BUYOUTS | 79 MARKET INTELLIGENCE
EXITS U.S. Sponsor Sales Via M&A (September 11, 2018 - September 24, 2018) CONSUMER PRODUCTS AND SERVICES Date Target Name Target Ultimate Parent Acquiror Full Ranking Value Synopsis Effective Name inc. Net Debt of Target ($Mil)
09/12/18 Nuevo Agora Centro Providence Equity Bpifrance SA - SPAIN - Bpifrance SA of France, jointly owned by the French state-owned Caisse De Estudios SL Partners LLC Des Depots Et Consignations and the French state-owned BPI Groupe EPIC, acquired an undisclosed minority stake in Nuevo Agora Centro De Estudios SL, a Madrid-based school operator, a unit of Providence Equity Partners LLC.
09/11/18 Physicians Bertram Capital Fellow Health - US - Fellow Health Partners Inc acquired Physicians Management Group LLC, Management Group Management LLC Partners Inc a Los Angeles-based provider of accounting services, from Bertram Capital LLC Management LLC. ENERGY AND POWER Date Target Name Target Ultimate Parent Acquiror Full Ranking Value Synopsis Effective Name inc. Net Debt of Target ($Mil)
09/11/18 Blue Source LLC First Reserve Corp GEF Capital - US - GEF Capital Partners acquired an undisclosed minority stake in Blue Source Partners LLC, a Cottonwood Heights- based alternative energy sources establishment, a unit of First Reserve Corp, in a privately negotiated transaction.
09/18/18 Pivotal Petroleum Tailwater Capital LLC Northern Oil 151.84 US - Northern Oil & Gas Inc (NOG) acquired certain oil & gas assets of Pivotal Partners LP-Certain & Gas Inc Petroleum Partners LP, a Dallas-based producer of crude petroleum and natural Oil & Gas Assets gas, ultimately owned by Tailwater Capital LLC, for an estimated USD 151.842 mil. The consideration consisted of an estimated USD 68.4 mil cash plus 25.754 mil NOG common shares valued at USD 83.442 mil. The shares were valued at NOG's closing stock price of USD 3.24 on 17 July 2018, the last full trading day prior to the announcement. FINANCIALS Date Target Name Target Ultimate Parent Acquiror Full Ranking Value Synopsis Effective Name inc. Net Debt of Target ($Mil)
09/11/18 Avenida Capital LLC Avenida Capital LLC Ashmore - US - Ashmore Group plc of the UK acquired an undisclosed majority interest in Group plc Avenida Capital LLC, a New York City- based private equity real estate investment firm. HEALTHCARE Date Target Name Target Ultimate Parent Acquiror Full Ranking Value Synopsis Effective Name inc. Net Debt of Target ($Mil)
09/24/18 Authority Brands Llc PNC Finl Svcs Grp Inc Apax Partners - FLASH : US - Apax Partners LLP of the UK acquired Authority Brands Llc, a Columbia- LLP based provider of home health care services, from PNC Riverarch Capital, ultimately owned by PNC Financial Services Group Inc, in a leveraged buyout transaction.
09/22/18 AccentCare Inc Oak Hill Capital Foundation - FLASH: US - Foundation Management Services Inc merged with AccentCare Inc, a Partners LP Management Dallas-based provider of home health care services, from Oak Hill Capital Partners LP. Services Inc
09/14/18 Vedantra Access Industries Inc Undisclosed 25.818 US - Access BridgeGap Ventures LLC, ultimately owned by Access Industries Pharmaceuticals Inc Acquiror Inc, divested an undisclosed minority stake in Vedantra Pharmaceuticals Inc, a Cambridge-based provider of ambulatory health care services, to an undisclosed acquiror, for a total USD 25. 817848 mil, in a privately negotiated transaction.
09/12/18 Reliant DW Healthcare HIG Capital - US - HIG Capital LLC acquired Reliant Rehabilitation Holdings Inc (RRH), a Rehabilitation Partners LP LLC Plano- based therapist's office operator, from DW Healthcare Partners LP, in Holdings Inc a leveraged buyout transaction. Originally, in February 2015, DW Healthcare Partners LP was rumored to be seeking a buyer for its RRH unit.
09/12/18 Halo Pharmaceutical SK Capital Partners LP Cambrex Corp 425 US - Cambrex Corp acquired Halo Pharmaceutical Inc, a Whippany-based Inc manufacturer of pharmaceutical preparation, from SK Capital Partners LP, for an estimated USD 425 mil in cash. 80 | BUYOUTS | October 8, 2018 www.buyoutsnews.com MARKET INTELLIGENCE
HIGH TECHNOLOGY Date Target Name Target Ultimate Parent Acquiror Full Ranking Value Synopsis Effective Name inc. Net Debt of Target ($Mil)
09/20/18 Cortera Inc Fidelity Ventures Inc Investor 10.00 US - An investor group, comprised of Allen & Co LLC, Battery Ventures Group III(BatteryVentures), a unit of Battery Ventures LP, Hearst Financial Venture Fund, a unit of Hearst Communications Inc and Volition Capital LLC acquired an undisclosed minority stake in Cortera Inc, a Boca Raton- based software publisher, a unit of Fidelity Ventures Inc, for a total USD 10 mil, in a privately negotiated transaction.
09/18/18 Oildex Corp Accel Partners & Co Drillinginfo - US - Drillinginfo Inc, a unit of Genstar Capital LLC, acquired Oildex Corp, a Denver-based Inc Inc provider financial automation software, from TransZap Inc, owned by Accel-KKR LLC.
09/17/18 Vivonet Inc Marlin Equity Partners Infor (US) Inc - CANADA - Infor (US) Inc of the US acquired Vivonet Inc, a Burnaby-based LLC software publisher, from Marlin Equity Partners LLC. Terms were not disclosed.
09/17/18 PPI-Time Zero Inc Guardian Capital VirTex - US - VirTex Assembly Services Inc, a unit of Insight Equity Holdings LLC, Partners Assembly acquired PPI- Time Zero Inc, a Fairfield- based manufacturer of semiconductors Services Inc and related device, from Guardian Capital Partners.
09/12/18 Questex Shamrock Capital MidOcean - US - MidOcean Partners LLP, a unit of Ripplewood Holdings LLC, acquired Intermediate Advisors LLC Partners LLP Questex Intermediate Holdings Inc, a Newton-based provider of business Holdings Inc information and events services, from Shamrock Capital Advisors LLC, in a leveraged buyout transaction. Terms were not disclosed.
09/11/18 Asset Control Marlin Equity Partners Sovereign - NETHERLANDS - Sovereign Capital Partners LLP of the UK acquired International BV LLC Capital an undisclosed majority interest in Asset Control International BV, a Partners LLP Beetsterzwaag-based reproducer of software, from Marlin Equity Partners LLC, in a leveraged buyout transaction.
09/11/18 Personify Inc Rubicon Technology Pamlico - US - Pamlico Capital LLC acquired Personify Inc, an Austin-based software Partners LP Capital LLC publisher, from Rubicon Technology Partners LP, in a leveraged buyout transaction. Terms were not disclosed.
09/11/18 FiberOne LLC Tower Arch Capital LLC Fortune 470.00 US - Fortune Brands Home & Security Inc acquired FiberOne LLC, an East Brands Home Syracuse-based manufacturer of fiber optic cables, from Future Infrastructure & Security Inc Holdings LLC, ultimately owned by Tower Arch Capital LLC, for an estimated USD 470 mil.
09/24/18 Quorum Business Silver Lake Thoma Bravo - US - Thoma Bravo LLC acquired Quorum Business Solutions Inc Quorum), a Solutions Inc Management LLC LLC Houston-based software publisher, from Silver Lake Kraftwerk (Kraftwerk), ultimately owned by Silver Lake Management LLC, in a secondary buyout transaction. Previously, in July 2018, Kraftwerk was rumored to be seeking a buyer for its Quorum Business Solutions Inc unit. Originally, a management-led investor group, comprised of Kraftwerk, acquired the entire share capital of Quorum, in a primary buyout transaction.
09/11/18 Accruent LLC Genstar Capital LLC Fortive Corp 2,000.00 US - Fortive Corp acquired the entire share capital of Accruent LLC, an Austin- based software developer, from Genstar Capital LLC, for an estimated USD 2 bil in cash.
09/17/18 Cross River Fiber Inc Ridgemont Partners Zenfi - US - Zenfi Networks Inc merged with Cross River Fiber Inc, a Morristown-based Management Networks Inc manufacturer of fiber optic cables, from Ridgemont Partners Management LLC. Terms were not disclosed. INDUSTRIALS Date Target Name Target Ultimate Parent Acquiror Full Ranking Value Synopsis Effective Name inc. Net Debt of Target ($Mil)
09/19/18 Imperial Machine & Joshua Partners LLC Kaiser - US - Kaiser Aluminum Corp acquired Imperial Machine & Tool Co, a Columbia- Tool Co Aluminum based manufacturer of precision machining equipment, from Precision Corp Engineered Technologies LLC, ultimately owned by Joshua Partners LLC.
09/18/18 Anchor Danly Inc Connell LP Hidden - CANADA - Hidden Harbor Capital Partners LLC of the US acquired Anchor Danly Harbor Inc, a Windsor-based manufacturer and wholesaler of die sets, components, Capital steel plates, and metal fabrications, from Connell LP, in a leveraged buyout Partners LLC transaction. Terms were not disclosed.
09/13/18 EZ Shipper Racks Toma Capital Geneva Glen - US - Geneva Glen Capital LLC acquired EZ Shipper Racks Inc (EZ), a Westlake Inc Management LLC Capital LLC Village- based manufacturer of plate works, from Toma Capital Management LLC (Toma), in a secondary buyout transaction. Originally, Toma acquired EZ. www.buyoutsnews.com October 8, 2018 | BUYOUTS | 81 MARKET INTELLIGENCE
REAL ESTATE Date Target Name Target Ultimate Parent Acquiror Full Ranking Value Synopsis Effective Name inc. Net Debt of Target ($Mil)
09/13/18 Mammut Zrt Lone Star Funds NE Property 295.25 HUNGARY - NE Property Cooperative UA of Netherlands, a unit of NEPI Cooperative Rockcastle Plc, acquired the entire share capital of Mammut Zrt, a Budapest- UA based lessor of nonresidential buildings, from Mantapro Investments Ltd, ultimately owned by Lone Star Funds. Concurrently, NE Property acquired Tummam Kft from Tummam Holdings SARL and Mammut Management Kft from Mammut Dutch BV. The three transactions had a combined value of HUF 82.472 bil (USD 295.25 mil). The three targets together own 100% of Mammut 1 and 81% of Mammut 2, which jointly form the Mammut shopping centre in Budapest.
09/13/18 Tummam Kft Lone Star Funds NE Property - HUNGARY - NE Property Cooperative UA of Netherlands, a unit of NEPI Cooperative Rockcastle Plc, acquired the entire share capital of Tummam Kft, a Budapest- UA based lessor of nonresidential buildings, from Tummam Holdings SARL, ultimately owned by Lone Star Funds. Concurrently, NE Property acquired Mammut Zrt from Mantapro Investments Ltd and Mammut Management Kft from Mammut Dutch BV. The three transactions had a combined value of HUF 82.472 bil (USD 295.25 mil). The three targets together own 100% of Mammut 1 and 81% of Mammut 2, which jointly form the Mammut shopping centre in Budapest.
09/13/18 Mammut Lone Star Funds NE Property - HUNGARY - NE Property Cooperative UA of Netherlands, a unit of NEPI Management Kft Cooperative Rockcastle Plc, acquired the entire share capital of Mammut Management Kft, UA a Budapest- based lessor of nonresidential buildings, from Mammut Dutch BV, ultimately owned by Lone Star Funds. Concurrently, NE Property acquired Tummam Kft from Tummam Holdings SARL and Mammut Zrt from Mantapro Investments Ltd. The three transactions had a combined value of HUF 82.472 bil (USD 295.25 mil). The three targets together own 100% of Mammut 1 and 81% of Mammut 2, which jointly form the Mammut shopping centre in Budapest.