www.buyoutsnews.com32 | BUYOUTS | August 29, 2016
MARKET INTELLIGENCE
RECENT DEALSAnnounced, Pending LBOs By U.S. Sponsors (July 27, 2016 - August 14, 2016)CONSUMER STAPLES
Rank Date Target Name Target Short Business Description
Acquiror Full Name Acquiror Ultimate Parent
Ranking Value inc. Net Debt of Target ($Mil)
Synopsis
08/06/16 Crisps Topco Ltd Other Snack Food Manufacturing
Thunderball Bidco Ltd
TA Associates Management LP
392.265 UK - Thunderball Bidco Ltd, a unit of Amplify Snack Brands Inc, definitively agreed to acquire the entire share capital of Crisps Topco Ltd, a Herefordshire-based producer of snack products, for an estimated GBP 300.126 mil (USD 392.265 mil). The consideration was to consist of GBP 278 mil (USD 363.346 mil) in cash, plus in exchange of 2.1 mil Amplify Snack Brands Inc's common shares valued at GBP 22.126 mil (USD 28.919 mil) in. The shares were valued based on Amplify Snack Brands Inc's closing stock price of GBP 10.536 (USD 13.77) on 05 Aug 2016, the last full trading day prior to the announcement.
08/04/16 TerraVia Holdings Inc-Algenist
Soap and Other Detergent Manufacturing
Tengram Capital Partners LLC
Tengram Capital Partners LLC
20.000 US - Tengram Capital Partners LLC definitively agreed to acquire an 80% ownership interest in Algenist of TerraVia Holdings Inc, a South San Francisco-based manufacturer of algae products, for an estimated USD 20 mil, in a leveraged buyout transaction.
ENERGY AND POWER
Rank Date Target Name Target Short Business Description
Acquiror Full Name Acquiror Ultimate Parent
Ranking Value inc. Net Debt of Target ($Mil)
Synopsis
07/29/16 NextEra Energy Resources LLC- Generating Assets,Marcus Hook,Pennsylvania
Electric Power Distribution
Starwood Energy Group Global LLC
Starwood Capital Group Global
760.000 US - Starwood Energy Group GlobalLLC, a unit of Starwood Capital Group Global LLC, agreed to acquire generating assets in Marcus Hook, Pennsylvania of NextEra Energy Resources LLC, a Juno Beach-based owner and operator of wholesale generators, ultimately owned by NextEra Energy Inc, for an estimated USD 760 mil, in a leveraged buyout transaction.
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 FLOWSeeking Buyers–U.S. Targets (July 27, 2016 - August 14, 2016)HIGH TECHNOLOGY
Date Announced
Target Name Target City Target State Target Full Business Description Target Advisors Synopsis
08/12/16 XPAL Power Inc - California XPAL Power Inc, located in United States, manufactures electronic components.
- US - In August 2016, Tennrich International Corp announced that it was seeking a buyer for an 80% interest in its XPAL Power Inc unit, manufacturer of electronic components.
www.buyoutsnews.com August 29, 2016 | BUYOUTS | 33
MARKET INTELLIGENCE
FINANCIALS
Rank Date Target Name Target Short Business Description
Acquiror Full Name Acquiror Ultimate Parent
Ranking Value inc. Net Debt of Target ($Mil)
Synopsis
08/05/16 Heta Asset Resolution Italia Srl
Sales Financing
Bain Capital Credit LP
Bain Capital LLC
- ITALY - Bain Capital Credit LP of the US, a unit of Bain Capital LLC, agreed to acquire the entire share capital of Heta Asset Resolution Italia Srl, a Tavagnacco-based provider of sales financing services, from HETA Asset Resolution GmbH, ultimately owned by the Austrian state-owned Heta Asset Resolution AG, via an auction.
08/09/16 Walter Capital Opportunity LP
Miscellaneous Financial Investment Activities
New Residential Investment Corp
Fortress Investment Group LLC
- FLASH: US - New Residential InvestmentCorp, a unit of Newcastle Investment Corp, planned to acquire Walter Capital Opportunity LP, a Saint Paul-based provider of financial investment services, from Walter Investment Management Corp. The deal had reported value of USD 283 mil.
08/11/16 Private Equity Investor PLC
Invest co KHP Strategic 2 LP Kline Hill Partners LLC
25.958 UK - KHP Strategic 2 LP of Cayman Islands, a unit of Kline Hill Partners LLC intended to launch a tender offer for the entire share capital or 11.945 mil ordinary share for GBP 1.67 (USD 2.173) cash per ordinary share of Private Equity Investor PLC, a London-based intermediator, for a total GBP 19.949 mil (USD 25.958 mil) in cash, in a leveraged buyout transaction.
HEALTHCARE
Rank Date Target Name Target Short Business Description
Acquiror Full Name Acquiror Ultimate Parent
Ranking Value inc. Net Debt of Target ($Mil)
Synopsis
08/10/16 National Seating & Mobility Inc
Provide medical/health svcs
Court Square Capital Partners LP
Court Square Capital Partners
- US - Court Square Capital Partners LP definitively agreed to acquire National Seating & Mobility Inc, a Franklin-based provider of medical and health services, from Wellspring Capital Management LLC, in a leveraged buyout transaction. Terms were not disclosed.
08/10/16 ER Centers of America Inc
Freestanding Ambulatory Surgical and Emergency Centers
Investor Group Investor Group
- FLASH: US - An investor group, comprised of Family ER + Urgent Care LLC and Dos Rios Partners LP planned to acquire ER Centers of America Inc, a Plano-based freestanding ambulatory surgical and emergency center operator.
08/10/16 Pinnacle Treatment Centers Inc
Provide healthcare services
Linden LLC Linden LLC - FLASH: US - Linden LLC planned to acquire Pinnacle Treatment Centers Inc, a Pittsburg-based outpatient mental health and substance abuse center operator, in a leveraged buyout transaction.
08/01/16 WellDyneRx Inc Pharmacy benefit mgmt co
The Carlyle Group LP The Carlyle Group LP
- US - The Carlyle Group LP definitively agreed to acquire to acquire WellDyneRx Inc, a Lakeland-based national pharmacy benefit management company, from WellDyne Inc. Terms of the transaction were not disclosed.
HIGH TECHNOLOGY
Rank Date Target Name Target Short Business Description
Acquiror Full Name Acquiror Ultimate Parent
Ranking Value inc. Net Debt of Target ($Mil)
Synopsis
08/08/16 Rackspace Hosting Inc
Provide web hosting services
Liquid Web Inc Madison Dearborn Partners LLC
- FLASH: US - Liquid Web Inc, a unit of Madison Dearborn Partners LLC, planned to acquire the entire share capital of Rackspace Hosting Inc, a San Antonio-based provider of custom computer programming services. Terms of the transaction are not disclosed.
07/27/16 Epiq Systems Inc Pvd software programming svcs
Epic Systems Inc SPV OMERS 1004.182 US - Epiq Systems Inc SPV of Canada, a special purpose acquisition vehicle formed by OMERS Private Equity Inc and Harvest Parnets LP, definitively agreed to acquire the remaining stake, which it did not already own, in Epiq Systems Inc, a Kansas City-based developer and proprietor of software products, for USD 16.50 cash per share, or a total value of USD 625.698 mil in cash, in a leveraged buyout transaction. Originally, in February 2016, Epiq Systems Inc was seeking a buyer for the Company.
08/02/16 Emerson Network Power Inc
Mnfr commun,network prod
Platinum Equity LLC Platinum Equity LLC
4000.000 US - Platinum Equity LLC definitively agreed to acquire Emerson Network Power Inc, a Columbus-based manufacturer of communications and network products, from Emerson Electric Co, for a total USD 4 bil in cash, in a leveraged buyout transaction.
www.buyoutsnews.com34 | BUYOUTS | August 29, 2016
MARKET INTELLIGENCE
HIGH TECHNOLOGY
Rank Date Target Name Target Short Business Description
Acquiror Full Name Acquiror Ultimate Parent
Ranking Value inc. Net Debt of Target ($Mil)
Synopsis
08/15/16 NetMotion Wireless Inc
Dvlp wireless commun software
The Carlyle Group LLC
The Carlyle Group LP
- FLASH: US - The Carlyle Group LLC, a unit of The Carlyle Group LP, planned to acquire NetMotion Wireless Inc, a Seattle-based software publisher, from Clearlake Capital Group LP, ultimately owned by Reservoir Capital Group LLC, in a leveraged buyout transaction.
08/01/16 ExperiMetal Inc Wired Telecommunications Carriers
The Watermill Group The Watermill Group
- FLASH: US - The Watermill Group planned to acquire ExperiMetal Inc, wired telecommunications carrier.
08/02/16 Transporeon GmbH
Internet Publishing and Broadcasting and Web Search Portals
TPG Capital LP TPG Capital LP
- GERMANY - TPG Capital LP of the US planned to acquire an undisclosed majority interest in Transporeon GmbH, an Ulm-based internet portal operator, from Riverside Europe Fund IV, ultimately owned by Riverside Co, and other shareholders, in a secondary buyout transaction.
INDUSTRIALS
Rank Date Target Name Target Short Business Description
Acquiror Full Name Acquiror Ultimate Parent
Ranking Value inc. Net Debt of Target ($Mil)
Synopsis
08/10/16 Lookers Plc-Parts Division
Wholesale Trade Agents and Brokers
Alliance Automotive UK Ltd
Blackstone Group LP
155.976 UK - Alliance Automotive UK Ltd (Alliance Automotive), a unit of Alliance Automotive Group SAS, agreed to acquire parts division of Lookers Plc, a Manchester-based new car dealer, for a total GBP 120 mil (USD 155.976 mil) in cash.
08/11/16 Callenberg Technology AB
Air-Conditioning and Warm Air Heating Equipment and Refrigeration Equipment Manufacturing
Trident Maritime Systems LLC
JF Lehman & Co
64 SWEDEN - Trident Maritime Systems LLC of the US, a unit of JF Lehman & Co, planned to acquire Callenberg Technology AB, a Gothenburg-based manufacturer of air-conditioning equipment, from Wilhelmsen Maritime Services AS, owned by Wilh Wilhelmsen Holding ASA, for a total SEK 541.048 mil (USD 64 mil).
08/07/16 MAHLE Industriefiltration GmbH
Mnfr motor vehicle parts
Filtration Group Corp Madison Capital Partners
- GERMANY - Filtration Group Corp of the US, a unit of Madison Industries Inc, agreed to acquire MAHLE Industriefiltration GmbH (Industriefiltration), an Oehringen-based manufacturer of motor vehicle transmissions and power train parts, from MAHLE GmbH (MAHLE), ultimately owned by Mahle-Stiftung GmbH. Originally, in October 2015, MAHLE GmbH announced that it was seeking a buyer for its Industriefiltration unit.
MATERIALS
Rank Date Target Name Target Short Business Description
Acquiror Full Name Acquiror Ultimate Parent
Ranking Value inc. Net Debt of Target ($Mil)
Synopsis
08/03/16 Aurora Plastics Inc
Plastics Material and Resin Manufacturing
Investor Group Investor Group
- FLASH: US - An investor group, comprised of Ontario Teachers' Pension Plan and Wind Point Partners planned to acquire Aurora Plastics Inc, a Streetsboro-based manufacturer of plastics materials.
07/28/16 MCC PTA India Corp Pvt Ltd
Mnfr power, distribution
The Chatterjee Group
The Chatterjee Group
47.817 INDIA - The Chatterjee Group of the US agreed to acquire a 90% interest in MCC PTA India Corp Pvt Ltd, a Kolkata-based manufacturer & sale of purified terephthalic acid, from Mitsubishi Chemical Corp (Mitsubishi Chemical), ultimately owned by Mitsubishi Chemical Holdings Corp, for an estimated total INR 3.204 bil (USD 47.817 mil), in a leveraged buyout transaction. Originally, in March 2016, Mitsubishi Chemical was rumored for seeking a buyer for its India Petchem venture unit.
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MARKET INTELLIGENCE
Closed LBOs By U.S. Sponsors (July 27, 2016 - August 14, 2016)CONSUMER PRODUCTS AND SERVICES
Date Effective/Unconditional
Target Name Target Short Business Description
Acquiror Full Name
Acquiror Ultimate Parent
Ranking Value inc. Net Debt of Target ($Mil)
Synopsis
08/03/16 Satrom Travel & Tour Inc
Travel agency Direct Travel Inc ABRY Partners LLC
- FLASH: US - Direct Travel Inc, a unit of ABRY Partners LLC, acquired Satrom Travel & Tour Inc, a Bismarck-based travel agency operator.
08/08/16 Delta Ultraviolet Corp
All Other Personal Services
Neptune-Benson Inc
AEA Investors LP
- FLASH: US - Neptune-Benson Inc, a unit of Evoqua Water Technologies LLC, acquired Delta Ultraviolet Corp, a Gardena-based provider of personal services.
MEDIA AND ENTERTAINMENT
Rank Date Target Name Target Short Business Description
Acquiror Full Name Acquiror Ultimate Parent
Ranking Value inc. Net Debt of Target ($Mil)
Synopsis
08/11/16 Fort Dearborn Co Provide printing services
Advent International Corp
Advent International Corp
- US - Advent International Corp planned to acquire an undisclosed majority interest in Fort Dearborn Co, an Elk Grove-based provider of commercial lithographic printing services, from KRG Capital Partners LLC, in a leveraged buyout transaction.
08/01/16 inVentiv Health Inc
Pvd sales,marketing services
Advent International Corp
Advent International Corp
- US - Advent International Corp (Advent) agreed to acquire a 50% interest in inVentiv Health Inc (inVentive), a Burlington-based provider outsourced sales and marketing services, from Thomas H Lee Partners LP, ultimately owned by Thomas H Lee Co, in a leveraged buyout transaction. Originally, Advent planned to acquire a 50% interest in inVentive.
08/10/16 Eniwa Kaihatsu-Hakodate Kokusai Hotel
Hotels (Except Casino Hotels) and Motels
Fortress Investment Group LLC
Fortress Investment Group LLC
- JAPAN - Fortress Investment Group LLC of the US planned to acquire hakodate kokusai hotel of Eniwa Kaihatsu, a Sapporo-Shi, Hokkaido-based golf course and country club operator, in a leveraged buyout transaction.
08/15/16 RCN Corp Pvd cable TV svcs
TPG Capital LP TPG Capital LP
1600 US - TPG Capital LP (TPG) definitively agreed to acquire RCN Corp (RCN), a Princeton-based provider of cable television, bundled telephone and high speed Internet services, from ABRY Partners LLC (ARBY), for USD 1.6 bil, in a secondary buyout transaction. Concurrently, TPG definitively agreed to acquire Grande Communications Networks LLC. Previously, ARBY acquired RCN. Originally, in August 2016, TPG as rumored to be planning to acquire RCN.
08/03/16 Sizmek Inc Display Advertising
Vector Capital Corp Vector Capital Corp
75.295 US - Vector Capital Corp (Vector) definitively agreed to acquire the entire share capital of Sizmek Inc, an Austin-based provider of online advertising services, for USD 3.90 in cash per share, or a USD 113.646 mil in cash, in a leveraged buyout transaction, via a tender offer.
TELECOMMUNICATIONS
Rank Date Target Name Target Short Business Description
Acquiror Full Name Acquiror Ultimate Parent
Ranking Value inc. Net Debt of Target ($Mil)
Synopsis
08/08/16 Sovernet Inc Pvd wireless telecom svcs
Oak Hill Capital Partners LP
Oak Hill Capital Partners LP
- US - Oak Hill Capital Partners LP definitively agreed to acquire Sovernet Inc, a Bellows Falls-based provider of wireless telecommunication services, from Atlantic Tele-Network Inc, in a leveraged buyout transaction. Terms were not disclosed.
08/15/16 Grande Communications Networks LLC
Wired Telecommunications Carriers
TPG Capital LP TPG Capital LP
650 US - TPG Capital LP (TPG) definitively agreed to acquire Grande Communications Networks LLC (Grande), a San Marcos-based wired telecommunications carrier, from ABRY Partners LLC (ABRY), for USD 650 mil, in a secondary buyout transaction. Concurrently, TPG definitively agreed RCN Corp. Previously, TPG as rumored to be planning to acquire Grande. Originally, ABRY acquired Grande.
www.buyoutsnews.com36 | BUYOUTS | August 29, 2016
MARKET INTELLIGENCE
CONSUMER PRODUCTS AND SERVICES
Date Effective/Unconditional
Target Name Target Short Business Description
Acquiror Full Name
Acquiror Ultimate Parent
Ranking Value inc. Net Debt of Target ($Mil)
Synopsis
07/29/16 AmQuip Crane Rental LLC
Pvd crane rental svcs
Apollo Global Management LLC
Apollo Global Management LLC
- US - Apollo Global Management LLC (Apollo) acquired AmQuip Crane Rental LLC, a Trevose-based provider of machinery and equipment rental and leasing services, from Amquip Holdings LLC, owned by Clearlake Capital Group LP, in a leveraged buyout transaction. Terms were not disclosed. Concurrently, Apollo definitively agreed to acquire Maxim Crane Works Holdings Inc.
08/01/16 Maxim Crane Works Holdings Inc
Pvd lift equip rental svcs
Apollo Global Management LLC
Apollo Global Management LLC
- US - Apollo Global Management LLC (Apollo) acquired Maxim Crane Works Holdings Inc (Maxim), a Bridgeville-based provider of lift equipment rental services, in a secondary buyout transaction. Terms were not disclosed.Concurrently, Apollo definitively agreed to acquire AmQuip Crane Rental LLC. Originally, in December 2015, Maxim was rumored to be seeking a buyer for the company. Previously, Platinum Equity LLC acquired Maxim, in a leveraged buyout transaction.
08/01/16 Greentree International Ltd
Software Publishers
MYOB Group Ltd Bain Capital LLC 20.497 NEW ZEALAND - MYOB Group Ltd of Australia, a unit of Bain Capital LLC, acquired Greentree International Ltd, an Auckland-based enterprise resource planning and business management software developer, for a total NZD 28.5 mil (USD 20.497 mil).
08/01/16 Universal Services of America
Security Guards and Patrol Services
Allied Security Holdings LLC
Blackstone Group LP
- US - Allied Security Holdings LLC, a unit of Blackstone Group LP, merged with Universal Services of America, a Santa Ana-based provider of security guard and patrol services, from Warburg Pincus LLC. On completion, the merged entity will be named AlliedUniversal.
08/09/16 Analytic Strategies LLC
Research and Development in The Social Sciences and Humanities
PlanetRisk Frontier Capital LLC
- FLASH: US - PlanetRisk, a unit of Frontier Capital LLC, acquired Analytic Strategies LLC, a Mclean-based provider of social sciences research and development services.
08/02/16 Veterinary Practice Partners
Veterinary Services
Pamlico Capital LLC
Pamlico Capital LLC
- FLASH: US - Pamlico Capital LLC acquired Veterinary Practice Partners, a King Of Prussia-based provider of management consulting services, from Deerfield Management Co LP.
08/10/16 Electro Rent Corp Pvd electn equip leasing svcs
Platinum Equity LLC
Platinum Equity LLC
375.029 "US - Platinum Equity LLC (Platinum) acquired the entire share capital of Electro Rent Corp, a Van Nuys-based provider of electronic equipment leasing services, for a sweetened USD 15.5 in cash per share or a total value of 375.029 mil, in a leveraged buyout transaction. Originally, Platinum offered USD 13.12 in cash per share or a total value of USD 317.444 mil.”
08/04/16 Higher One Holdings Inc
Provide payment services
Blackboard Inc Providence Equity Partners LLC
260.426 US - Blackboard Inc, a unit of Providence Equity Partners LLC, through an affiliate, acquired the entire share capital of Higher One Holdings Inc (HOH), a New Haven-based provider of technology and payment services, for USD 5.15 in cash per share, or a total value USD 257.967 mil, via a tender offer. The offer was conditional upon at least majority of HOH's shares being tendered.
08/03/16 Goodier Cosmetics LLC
Toilet Preparation Manufacturing
RoundTable Healthcare Partners LP
RoundTable Healthcare Partners
- US - RoundTable Healthcare Partners LP (RoundTable) acquired an undisclosed majority interest in Goodier Cosmetics LLC, a Dallas-based manufacturer of skincare products. Concurrently, RoundTable acquired an undisclosed majority interest in Revision Skincare LLC.
08/03/16 Revision Skincare LLC
Toilet Preparation Manufacturing
RoundTable Healthcare Partners LP
RoundTable Healthcare Partners
- US - RoundTable Healthcare Partners LP (RoundTable) acquired an undisclosed majority interest in Revision Skincare LLC, an Irving-based manufacturer of skincare products. Concurrently, RoundTable acquired an undisclosed majority interest in Goodier Cosmetics LLC.
08/02/16 PMX Agency Inc Business Associations
Stagwell Media LLC
Stagwell Group LLC
- FLASH: US - Stagwell Media LLC, a unit of Stagwell Group LLC, acquired an undisclosed majority interest in PMX Agency Inc, a New York-based business association. Terms of the transaction are not disclosed.
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MARKET INTELLIGENCE
CONSUMER STAPLES
Date Effective/Unconditional
Target Name Target Short Business Description
Acquiror Full Name
Acquiror Ultimate Parent
Ranking Value inc. Net Debt of Target ($Mil)
Synopsis
08/15/16 January Co Rendering and Meat Byproduct Processing
Tall Tree Foods Holdings Inc
Altamont Capital Partners LLC
- FLASH: US - Tall Tree Foods Holdings Inc, a unit of Altamont Capital Partners LLC, acquired January Co, a Kent-based meat byproduct processor.
08/03/16 Give & Go Prepared Foods Corp
Commercial Bakeries
Thomas H Lee Partners LP
Thomas H Lee Co
- CANADA - Thomas H Lee Partners LP of the US, a unit of Thomas H Lee Co, acquired Give & Go Prepared Foods Corp, a Toronto-based commercial bakery, from OMERS Private Equity Inc, ultimately owned by Ontario Municipal Employees Retirement System, in a secondary buyout transaction.
ENERGY AND POWER
Date Effective/Unconditional
Target Name Target Short Business Description
Acquiror Full Name
Acquiror Ultimate Parent
Ranking Value inc. Net Debt of Target ($Mil)
Synopsis
08/03/16 Critical Power USA
Electric Power Distribution
UNIFIED POWER Corp
Pfingsten Partners LLC
- FLASH: US - UNIFIED POWER Corp, a unit of Pfingsten Partners LLC, acquired Critical Power USA, a Frederick-based electric power distributor.
08/04/16 Azure Midstream Partners LP-Panola I Processing Plant & Murvaul Pipeline
Natural Gas Distribution
Align Midstream Partners LP
Tailwater Capital LLC
44.9 US - Align Midstream Partners LP, a unit of Tailwater Capital LLC, acquired PanolaI Processing Plant & Murvaul Pipeline of Azure Midstream Partners LP, a Dallas-based owner and operator of midstream energy infrastructure, ultimately owned by Azure Midstream Holdings LLC, for an estimated USD 44.9 mil in cash.
FINANCIALS
Date Effective/Unconditional
Target Name Target Short Business Description
Acquiror Full Name
Acquiror Ultimate Parent
Ranking Value inc. Net Debt of Target ($Mil)
Synopsis
08/04/16 Nexxus Solutions Group
Insurance Agencies and Brokerages
Worley Claims Services LLC
Aquiline Capital Partners LLC
- US - Worley Claims Services LLC, a unit of Aquiline Capital Partners LLC, acquired Nexxus Solutions Group, an Orlando-based insurance agency.
07/29/16 RS Investment Management Co LLC
Pvd investment mgmt svcs
Victory Capital Management Inc
Crestview Partners LP
- US - Victory Capital Management Inc, a unit of Crestview Partners LP, acquired RS Investment Management Co LLC (RS Investment), a San Francisco-based provider of investment management services, from Guardian Life Insurance Co of America (Guardian Life). Originally, in June 2015, Guardian Life was rumored to be seeking a buyer for its RS Investment unit.
08/03/16 Pyramid Life Insurance Co
Insurance company
Nassau Reinsurance Group Holdings LP
Golden Gate Capital
- US - Nassau Reinsurance Group Holdings LP (Nassau), a unit of Golden Gate Capital, acquired the entire share capital of Pyramid Life Insurance Co, a Lake Mary-based provider of health and life insurance services, from Universal American Corp, owned by Caremark Ulysses Holding Corp. Concurrently, Nassau definitively agreed to acquire Constitution Life Insurance Co. The two transactions were to have a combined value of USD 43 mil. The transaction was to include a portion of the Traditional Insurance business at American Progressive.
08/02/16 ANZ Communications LLC
Pvd telecommunications svcs
Onvoy Inc GTCR LLC - US - Onvoy Inc, a unit of GTCR LLC, acquired ANZ Communications LLC, a Springfield-based telecommunications reseller, from ZONE Telecom LLC and ANPI LLCInc.
08/03/16 Canadian Resources Insurance Solutions Inc
Insurance Agencies and Brokerages
Totten Insurance Group Inc
Hellman & Friedman LLC
- FLASH : CANADA - Totten Insurance Group Inc, a unit of Hub International Ltd, acquired the entire share capital of Canadian Resources Insurance Solutions Inc, a Sudbury-based insurance agency.
07/27/16 Carlson Systems Holdings Inc
Miscellaneous Financial Investment Activities
Kelso & Co Kelso & Co - US - Kelso & Co acquired Carlson Systems Holdings Inc, an Omaha-based distributor of power-driven fasteners and packaging supplies, from Tenex Capital Management LLC, in a leveraged buyout transaction.
07/27/16 National Truck Protection Inc
Insurance Agencies and Brokerages
Kinderhook Industries LLC
Kinderhook Industries LLC
- US - Kinderhook Industries LLC acquired National Truck Protection Inc, a Cranford-based insurance agency, in a leveraged buyout transaction.
www.buyoutsnews.com38 | BUYOUTS | August 29, 2016
MARKET INTELLIGENCE
HEALTHCARE
Date Effective/Unconditional
Target Name Target Short Business Description
Acquiror Full Name
Acquiror Ultimate Parent
Ranking Value inc. Net Debt of Target ($Mil)
Synopsis
08/10/16 FasPsych LLC All Other Outpatient Care Centers
Investor Group Investor Group - US - Pharos Capital Group LLC, a private equity investor, has led the buy-out with the management of FasPsych LLC, a Scottsdale-based provider of mental health and staffing services, in a leveraged buyout transaction.
07/27/16 ExamWorks Group Inc
Pvd medical examination svcs
Leonard Green & Partners LP
Leonard Green & Partners LP
1998.741 US - Leonard Green & Partners LP, through an undisclosed affiliate, acquired the entire share capital of ExamWorks Group Inc, an Atlanta-based provider of independent medical examinations, peer, and bill reviews, and other related services, for USD 35.05 in cash per share, or a total value of USD 1.439 bil, in a leveraged buyout transaction.
08/02/16 Health Enterprises Inc
Pharmaceutical Preparation Manufacturing
Apothecary Products LLC
Norwest Equity Partners
- US - Apothecary Products LLC, a unit of Norwest Equity Partners, acquired Health Enterprises Inc, a North Attleborough-based manufacturer of consumer health products.
08/11/16 RMS Healthcare Management LLC
Provide medical,health svcs
Sverica International LLC
Sverica International LLC
- FLASH: US - Sverica International LLC acquired an undisclosed majority interest in RMS Healthcare Management LLC, a Jacksonville-based provider of ambulatory health care services, in a leveraged buyout transaction.
08/09/16 RMS Healthcare Management LLC
Provide medical,health svcs
Synoptek Inc Sverica International LLC
- FLASH: US - Synoptek Inc, a unit of Sverica International LLC, acquired an undisclosed majority interest in RMS Healthcare Management LLC, a Jacksonville-based provider of ambulatory health care services.
08/03/16 IndiPharm Inc Provide home health care svcs
Velocity Fund Partners LP
Velocity Fund Partners LP
- FLASH: US - Velocity Fund Partners LP acquired IndiPharm Inc, a Wayne-based provider of home health care services.
08/04/16 Spring View Home Health Care
Home Health Care Services
Epic Health Services Inc
Webster Capital Management LLC
- US - Epic Health Services Inc, a unit of Webster Capital Management LLC, acquired Spring View Home Health Care, a Las Vegas-based provider of home health care services.
08/01/16 Pediatric Special Care Inc
Nursing Care Facilities
Epic Health Services Inc
Webster Capital Management LLC
- US - Epic Health Services Inc, a unit of Webster Capital Management LLC, acquired Pediatric Special Care Inc, a Southfield-based pediatric nursing and home care facility operator.
HIGH TECHNOLOGY
Date Effective/Unconditional
Target Name Target Short Business Description
Acquiror Full Name
Acquiror Ultimate Parent
Ranking Value inc. Net Debt of Target ($Mil)
Synopsis
07/28/16 SciQuest Inc Pvd e-procurement services
Accel-KKR LLC Accel Partners 353.187 US - Accel-KKR LLC, jointly owned by Kohlberg Kravis Roberts & CoLP and Accel Partners, acquired the remaining 95.134% interest, which it did not already own, in SciQuest Inc, a Morrisville-based software publisher, from Trinity Ventures, for USD 489.508 mil in cash, in a leveraged buyout transaction.
07/27/16 Intercom Consulting & Federal Systems Corp
Provide information tech svcs
Belcan LLC AE Industrial Partners LLC
- US - Belcan LLC, a unit of AE Industrial Partners LLC, acquired Intercom Consulting & Federal Systems Corp, a Lansdowne-based provider of information technology services. Terms were not disclosed.
08/09/16 DemandCaster Develop prepackaged software
Plex Systems Inc Francisco Partners LP
- FLASH: US - Plex Systems Inc, a unit of Francisco Partners LP, acquired DemandCaster, a Meadows-based software publisher.
07/27/16 L-com Inc Manufacture fiber optic cables
Infinite RF Holdings Inc
Genstar Capital LLC
- US - Infinite RF Holdings G60Inc, a unit of Genstar Capital LLC, acquired L-com Inc, a North Andover-based manufacturer of fiber optic cables, from Odyssey Investment Partners LLC.
08/01/16 Innotas Inc Software Publishers
Planview Inc Insight Venture Partners LLC
- FLASH : US - Planview Inc, a unit of Insight Venture Partners LLC, acquired Innotas Inc, a San Francisco-based software publisher.
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MARKET INTELLIGENCE
HIGH TECHNOLOGY
Date Effective/Unconditional
Target Name Target Short Business Description
Acquiror Full Name
Acquiror Ultimate Parent
Ranking Value inc. Net Debt of Target ($Mil)
Synopsis
08/05/16 Verrex LLC Software Publishers
Investor Group Investor Group - US - An investor group, lead by Five Crowns Capital LLC which also includes AAVIN Venture Capital, Diamond State Ventures, Mid-States Capital LLC{MSC} and Enterprise Bank NJ, acquired Verrex LLC, a Mountainside-based publisher of global conferencing and communication solutions software.
08/01/16 Hitec Laboratories Ltd
Develop prepackaged software
Mitratech Holdings Inc
TA Associates Management LP
- UK - Mitratech Holdings Inc of the US, a unit of TA Associates Management LP, acquired Hitec Laboratories Ltd, a Berkshire-based software publisher. Terms were not disclosed.
08/01/16 MIR3 Inc Dvlp software Emergency Communications Network Inc
Veritas Capital Partners LP
- FLASH: US - Emergency CommunicationsNetwork Inc, a unit of Veritas Capital Partners LP, acquired MIR3 Inc, a San Diego-based software publisher.
08/08/16 Mobile Technologies Inc
Develop mobile applications software
Vestar Capital Partners Inc
Vestar Capital Partners Inc
- FLASH: US - Vestar Capital Partners Inc acquired Mobile Technologies Inc, a Hillsboro-based reproducer of software, in a leveraged buyout transaction.
08/02/16 UnboundID Corp Software Publishers
Ping Identity Corp
Vista Equity Partners LLC
- US - Ping Identity Corp, a unit of Vista Equity Partners LLC, acquired UnboundID Corp, an Austin-based software publisher. Terms were not disclosed.
08/04/16 Enservio Inc Pvd content valuation svcs
Solera Holdings Inc
Vista Equity Partners LLC
- US - Solera Holdings Inc, a unit of Summertime Holding Corp, acquired the entire share capital of Enservio Inc, a Needham-based provider of software services.
INDUSTRIALS
Date Effective/Unconditional
Target Name Target Short Business Description
Acquiror Full Name
Acquiror Ultimate Parent
Ranking Value inc. Net Debt of Target ($Mil)
Synopsis
08/03/16 Zarpac Inc Packaging Machinery Manufacturing
Pro Mach Inc AEA Investors LP
- FLASH: CANADA - Pro Mach Inc of the US, a unit of AEA Investors LP, acquired Zarpac Inc, an Oakville-based manufacturer of packaging machinery.
07/27/16 BRPR 51 Empreendimentos Imobiliarios e Participacoes SA
General Warehousing and Storage
BRE Ponte Participacoes SA
Blackstone Group LP
19.986 BRAZIL - BRE Ponte Participacoes SA, a unit of Blackstone Group LP, acquired BRPR 51 Empreendimentos Imobiliarios e Participacoes SA, a Sao Paulo-based provider of warehousing and storage services, from BR Properties SA, owned by GP Real Properties II C LLC, for a total BRL 68.366 mil (USD 19.986 mil). Concurrently, BRE acquired BRPR XIV Empreendimentos e Participacoes Ltda, BRPR 64 Empreendimentos e Participacoes Ltda and a portfolio of 5 assets of BR Properties. Initially, BRE agreed to acquire a portfolio of 10 assets of BR Properties.
08/01/16 Royal Flush Plumbing
Plumbing, Heating, and Air-Conditioning Contractors
Greenstar Home Services Inc
Charlesbank Capital Partners
- FLASH: US - Greenstar Home Services Inc, a unit of American Residential Services LLC, acquired Royal Flush Plumbing, a Fresno-based plumbing, heating and air-conditioning contractor.
07/29/16 CASE Forensics Corp
Engineering Services
JENSEN HUGHES Inc
Gryphon Investors Inc
- US - JENSEN HUGHES Inc, a unit of Gryphon Investors Inc, acquired CASE Forensics Corp, a Mountlake Terrace-based provider of forensic consulting and engineering services. Terms were not disclosed.
08/03/16 ZTM INC Aircraft Engine and Engine Parts Manufacturing
Liberty Hall Capital Partners LP
Liberty Hall Capital Partners
- FLASH: US - Liberty Hall Capital Partners LP acquired ZTM INC, a Wichita-based manufacturer of aircraft engines and engine parts.
07/28/16 CTS Engines LLC Pvd aircraft repair services
Platte River Ventures LLC
Platte River Ventures LLC
- FLASH: US - Platte River Ventures LLC acquired CTS Engines LLC, a Fort Lauderdale-based provider of air transportation support services, from Palm Beach Capital Corp, in a leveraged buyout transaction.
08/08/16 Mallet & Co Inc Mnfr,whl food processing equip
Vantage Specialty Chemicals
The Jordan Co LP
- FLASH: US - Vantage Specialty Chemicals, a unit of The Jordan Co LP, acquired Mallet & Co Inc, a Carnegie-based manufacturer of commercial and service industry machinery.
www.buyoutsnews.com40 | BUYOUTS | August 29, 2016
MARKET INTELLIGENCE
MATERIALS
Date Effective/Unconditional
Target Name Target Short Business Description
Acquiror Full Name
Acquiror Ultimate Parent
Ranking Value inc. Net Debt of Target ($Mil)
Synopsis
08/09/16 Superior Plus Construction Products Distribution
Other Construction Material Merchant Wholesalers
Foundation Building Materials LLC
Lone Star Funds 328.44 CANADA - Foundation Building Materials LLC of the US, a unit of Lone Star Funds, acquired Superior Plus Construction Products Distribution, a Calgary-based wholesaler and retailer of construction products, from Superior Plus Corp, for an estimated CAD 421.98 mil (USD 328.44 mil).
08/09/16 Alloycorp Mining Inc
All Other Metal Ore Mining
1080224 BC Ltd RCF Management LLC
1.056 CANADA - 1080224 BC Ltd, jointly owned by Resource Capital Fund VI LP and Resource Capital Fund IV LP of the US, acquired the remaining 9.962% stake, or 27.277 mil common shares, which it did not already own, in Alloycorp Mining Inc, a Toronto-based molybdenum mining company, for CAD 0.05 in cash per share, or a total value of CAD 1.364 mil (USD 1.056 mil).
MEDIA AND ENTERTAINMENT
Date Effective/Unconditional
Target Name Target Short Business Description
Acquiror Full Name
Acquiror Ultimate Parent
Ranking Value inc. Net Debt of Target ($Mil)
Synopsis
08/02/16 Green Distribution
Commercial Gravure Printing
Falfurrias Capital Partners
Falfurrias Capital Partners
- US - Falfurrias Capital Partners acquired an undisclosed majority interest in Green Distribution, a Secaucus-based provider of commercial gravure printing services, in a leveraged buyout transaction.
08/01/16 Symplicity Corp Advertising Material Distribution Services
HIG Capital LLC HIG Capital LLC - US - HIG Capital LLC acquired the entire share capital of Symplicity Corp, an Arlington-based provider of advertising material distribution services, in a leveraged buyout transaction.
08/15/16 Texas Family Fitness LLC
Fitness and Recreational Sports Centers
Topspin Partners Topspin Partners
- FLASH: US - Topspin Partners acquired an undisclosed majority interest in Texas Family Fitness LLC, a Frisco-based fitness and recreational sports center operator, in a leveraged buyout transaction.
REAL ESTATE
Date Effective/Unconditional
Target Name Target Short Business Description
Acquiror Full Name
Acquiror Ultimate Parent
Ranking Value inc. Net Debt of Target ($Mil)
Synopsis
07/28/16 LaRussa Real Estate
Real estate investment firm
Coldwell Banker Real Estate LLC
Apollo Global Management LLC
- FLASH: US - Coldwell Banker Real EstateLLC, a unit of Realogy Corp, acquired LaRussa Real Estate, a Houma-based lessor of real estate property.
08/05/16 Del Flora Apartments Homes
Lessors Of Residential Buildings and Dwellings
Bascom Group LLC
Bascom Group LLC
22.15 US - Bascom Group LLC acquired Del Flora Apartments Homes, a Redlands-based lessor of residential buildings and dwellings, for a total USD 22.15 mil, in a leveraged buyout transaction.
08/04/16 Esperante Corporate Center,West Palm Beach, Florida
Own,operate office building
Investor Group Investor Group 125.8 US - An investor group, comprised of JZ Capital Partners Ltd, RedSky Capital LLC and The Clark Estates Inc acquired Esperante Corporate Center, a West Palm Beach-based owner and operator of office building, for a total USD 125.8 mil, in a leveraged buyout transaction.
08/01/16 Brompton Asset Management Ltd-Office complex,Germany
Lessors Of Nonresidential Buildings (Except Miniwarehouses)
Investor Group Investor Group - GERMANY - An investor group, comprised of LGT Capital Partners Holding USA, a unit of LGT Capital Partners AG and Global Real Assets acquired office complex in Germany, of Brompton Asset Management Ltd, a London-based provider of financial investment services.
TELECOMMUNICATIONS
Date Effective/Unconditional
Target Name Target Short Business Description
Acquiror Full Name
Acquiror Ultimate Parent
Ranking Value inc. Net Debt of Target ($Mil)
Synopsis
08/09/16 Sirti SpA Pvd info,commun tech svcs
Pillarstone Italy SpA
KKR & Co LP 368.825 ITALY - Pillarstone Italy Spa, a unit of KKR & Co LP, acquired the entire share capital of Sirti SpA, a Milan-based wired telecommunications carrier, from H I I T Holding Italiana Investimenti Tecnologici SpA (73.16%) and Intesa Sanpaolo SpA (26.84%), for a total EUR 327 mil (USD 368.825 mil), in a leveraged buyout transaction. The consideration consisted of the assumption of EUR 284 mil (USD 320.325 mil) in liabilities and EUR 43 mil (USD 48.5 mil) in cash. Originally, Pillarstone was rumored to be planning to acquire Sirti.
www.buyoutsnews.com August 29, 2016 | BUYOUTS | 41
MARKET INTELLIGENCE
RECENT TRANSACTIONSNon-Control Deals, U.S. Sponsors (July 27, 2016 - August 14, 2016)CONSUMER PRODUCTS AND SERVICES
Rank Date
Target Name Target Short Business Description
Target Advisers
Acquiror Full Name
Acquiror Ultimate Parent
Ranking Value inc. Net Debt of Target ($Mil)
Synopsis
07/28/16 INC Research Holdings Inc
Research and Development in Biotechnology
- INC Research Holdings Inc
Avista Capital Holdings LP
150 US - On 28 July 2016, the board of INC Research Holdings Inc, a Raleigh-based Contract Research Organization focused on Phase I to Phase IV clinical development services for the biopharmaceutical and medical device industries, authorized the repurchase of up to USD 150 mil of the company's entire share capital, in open market or through privately negotiated transaction.
08/04/16 Raksul Co Ltd Pvd business matching services
- Investor Group
Investor Group 20.248 JAPAN - An investor group, comprised of Development Bank of Japan Inc, a unit of the Japanese state-owned Ministry of Finance, FIL Investments (Japan) Ltd, a unit of Fidelity Japan Holdings, OPT Holding Inc, Global Brain Corp, GMO VenturePartners Inc, a unit of GMO Internet Inc, Global Catalyst Partners Japan Toshi Jigyo Yugen SekininKumiai, led by Global Catalyst Partners, acquired an undisclosed minority stake in Raksul Co Ltd, a Shinagawa-Ku, Tokyo-based provider of business support services, for a total JPY 2.05 bil (USD 20.248 mil), in a privately negotiated transaction.
FINANCIALS
Rank Date
Target Name Target Short Business Description
Target Advisers
Acquiror Full Name
Acquiror Ultimate Parent
Ranking Value inc. Net Debt of Target ($Mil)
Synopsis
08/03/16 HIG Capital LLC Private equity firm - Dyal Capital Partners III
Neuberger Berman Group LLC
- FLASH: US - Dyal Capital Partners III, a unit of Dyal Capital Partners LP, planned to acquire an undisclosed minority stake in HIG Capital LLC, a Miami-based financial sponsor.
HEALTHCARE
Rank Date
Target Name Target Short Business Description
Target Advisers
Acquiror Full Name
Acquiror Ultimate Parent
Ranking Value inc. Net Debt of Target ($Mil)
Synopsis
08/02/16 Hospitality One Home Health Care Services
- Investor Group
Investor Group 0.977 JAPAN - An investor group, comprised of Global Catalyst Partners Japan Toshi Jigyo Yugen Sekinin Kumiai, led by Global Catalyst Partners and Japanese Organization for Medical Device Development Inc acquired an undisclosed minority stake in Hospitality One, a Minato-Ku, Tokyo-based provider of home health care services, for a total JPY 100 mil (USD 0.977 mil), in a privately negotiated transaction.
www.buyoutsnews.com42 | BUYOUTS | August 29, 2016
MARKET INTELLIGENCE
HIGH TECHNOLOGY
Rank Date
Target Name Target Short Business Description
Target Advisers
Acquiror Full Name
Acquiror Ultimate Parent
Ranking Value inc. Net Debt of Target ($Mil)
Synopsis
08/10/16 Bynder BV Internet Service Providers
- Insight Venture Partners LLC
Insight Venture Partners LLC
24.455 NETHERLANDS - Insight Venture Partners LLC of the US acquired an undisclosed minority stake in Bynder BV, an Amsterdam-based internet service provider, for a total EUR 22 mil (USD 24.455 mil), in a privately negotiated transaction.
08/10/16 OVH Groupe SAS Internet Service Provider{ISP}
- Investor Group
Investor Group 277.901 FRANCE - An investor group, comprised of KKR & Co LP and TowerBrook Capital Partners LP planned to acquire an undisclosed minority stake in OVH Groupe SAS, a Roubaix-based internet service provider, for EUR 250 mil (USD 277.901 mil), in a privately negotiated transaction. Originally, in October 2015, OVH Groupe was rumored to be seeking a buyer for an 20% stake in the company. Mulliez family, Goldman Sachs, KKR with Towerbrook, Warburg Pincus and Caisse de depots et placement du Quebec were rumored potential bidders.
07/28/16 Retty Inc Pvd info retrieval svcs
- Investor Group
Investor Group 10.447 JAPAN - An investor group, comprised of WiL LLC of the US, ABC Dream Ventures Inc, a unit of Asahi Broadcasting Corp and Eight Roads Ventures Japan acquired an undisclosed minority stake in Retty Inc, a Shinagawa-Ku, Tokyo-based internet portal operator, for a total JPY 1.1 bil (USD 10.447 mil), in a privately negotiated transaction.
INDUSTRIALS
Rank Date
Target Name Target Short Business Description
Target Advisers
Acquiror Full Name
Acquiror Ultimate Parent
Ranking Value inc. Net Debt of Target ($Mil)
Synopsis
08/05/16 DBi Services Inc Engineering Services
Moelis & Co Sterling Capital Ltd
Sterling Capital Ltd
- US - Sterling Capital Ltd acquired an undisclosed minority stake in DBi Services Inc, a Hazleton- based provider of infrastructure maintenance, operations and management services, in a privately negotiated transaction.
www.buyoutsnews.com August 29, 2016 | BUYOUTS | 43
MARKET INTELLIGENCE
EXITSU.S. Sponsor Sales Via M&A (July 27, 2016 - August 14, 2016)CONSUMER PRODUCTS AND SERVICES
Date Effective
Target Name Target Ultimate Parent Acquiror Full Name
Ranking Value inc. Net Debt of Target ($Mil)
Synopsis
08/04/2016 TINSA Tasaciones Inmobiliarias SA
Advent International Corp
Cinven Ltd - SPAIN - Cinven Ltd of Guernsey acquired the entire share capital of TINSA Tasaciones Inmobiliarias SA (TINSA), a Las Rozas-based provider of real estate consulting services, from Advent International Corp (Advent), in a secondary buyout transaction. Originally, Advent acquired TINSA in a leveraged buyout transaction.
08/02/2016 Veterinary Practice Partners
Deerfield Management Co LP
Pamlico Capital LLC
- FLASH: US - Pamlico Capital LLC acquired Veterinary Practice Partners, a King Of Prussia-based provider of management consulting services, from Deerfield Management Co LP.
07/28/2016 UPF Services LLC Lynwood Capital Partners Inc
Chronos Solutions
- FLASH: US - Chronos Solutions acquired UPF Services LLC, a Spokane-based credit bureau, from Lynwood Capital Partners Inc.
08/01/2016 Maxim Crane Works Holdings Inc
Platinum Equity LLC Apollo Global Management LLC
- US - Apollo Global Management LLC (Apollo) acquired Maxim Crane Works Holdings Inc (Maxim), a Bridgeville-based provider of lift equipment rental services, in a secondary buyout transaction. Terms were not disclosed. Concurrently, Apollo definitively agreed to acquire AmQuip Crane Rental LLC. Originally, in December 2015, Maxim was rumored to be seeking a buyer for the company. Previously, Platinum Equity LLC acquired Maxim, in a leveraged buyout transaction.
CONSUMER PRODUCTS AND SERVICES
Date Effective
Target Name Target Ultimate Parent Acquiror Full Name
Ranking Value inc. Net Debt of Target ($Mil)
Synopsis
08/01/2016 Universal Services of America
Warburg Pincus LLC Allied Security Holdings LLC
- US - Allied Security Holdings LLC, a unit of Blackstone Group LP, merged with Universal Services of America, a Santa Ana-based provider of security guard and patrol services, from Warburg Pincus LLC. On completion, the merged entity will be named AlliedUniversal.
CONSUMER STAPLES
Date Effective
Target Name Target Ultimate Parent Acquiror Full Name
Ranking Value inc. Net Debt of Target ($Mil)
Synopsis
08/02/2016 Eden Springs International SA
Rhone Group LLC Cott Corp 533.666 SWITZERLAND - Cott Corp of Canada acquired Eden Springs International SA, a Preverenges-based manufacturer of bottled water, from Rhone Capital LLC, ultimately owned by Rhone Group LLC, for an estimated CHF 517.656 mil (USD 533.666 mil).
ENERGY AND POWER
Date Effective
Target Name Target Ultimate Parent Acquiror Full Name
Ranking Value inc. Net Debt of Target ($Mil)
Synopsis
08/01/2016 Payrock Energy LLC EnCap Investments LP Marathon Oil Corp
888.000 US - Marathon Oil Corp acquired Payrock Energy LLC, n Oklahoma-based producer of crude petroleum and natural gas, from EnCap Investments LP, for USD 888 mil.
08/08/2016 First Reserve Energy Infrastructure Fund I LP-Sunreserve Solar PV Plants(9)
First Reserve Corp Tages Helios Fund
- ITALY - Tages Helios Fund (THF), a unit of Tages Capital SGR SpA, acquired 9 Sunreservesolar PV plants of First Reserve Energy Infrastructure Fund I LP, a financial vehicle, ultimately owned by First Reserve Corp. Concurrently, THF acquired 9Ren solar PV plants of First Reserve Fund XI LP.
08/08/2016 First Reserve Fund XI LP-9Ren Solar PV Plants
First Reserve Corp Tages Helios Fund
- ITALY - Tages Helios Fund (THF), a unit of Tages Capital SGR SpA, acquired 9Ren solar PV plants of First Reserve Fund XI LP, a Houston-based infrastructure fund, ultimately owned by First Reserve Corp, in a leveraged buyout transaction. Concurrently, THF acquired 9 Sunreserve solar PV plants of First Reserve Energy Infrastructure Fund I LP.
www.buyoutsnews.com44 | BUYOUTS | August 29, 2016
MARKET INTELLIGENCE
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FINANCIALS
Date Effective
Target Name Target Ultimate Parent Acquiror Full Name
Ranking Value inc. Net Debt of Target ($Mil)
Synopsis
07/27/2016 Carlson Systems Holdings Inc
Tenex Capital Management LLC
Kelso & Co - US - Kelso & Co acquired Carlson Systems Holdings Inc, an Omaha-based distributor of power-driven fasteners and packaging supplies, from Tenex Capital Management LLC, in a leveraged buyout transaction.
HIGH TECHNOLOGY
Date Effective
Target Name Target Ultimate Parent Acquiror Full Name
Ranking Value inc. Net Debt of Target ($Mil)
Synopsis
07/27/2016 Emerging Markets Communications LLC
ABRY Partners LLC Global Eagle Entertainment Inc
550.000 US - Global Eagle Entertainment Inc (GEE) acquired Emerging Markets Communications LLC, a Miramar-based provider of Internet services, from ABRY Partners LLC, for USD 550 mil. The consideration consisted of USD 497.266 mil, and the issuance of 6.6 mil GEE common shares valued at USD 52.734 mil. The shares were valued based on GEE's closing stock price of USD 7.99 on 06 May 2016, the last full trading day prior to the announcement.
08/01/2016 Blue Coat Systems Inc
Bain Capital LLC Symantec Corp
4650.000 US - Symantec Corp acquired Blue Coat Systems Inc, a Sunnyvale-based provider of enterprise security and cloud-based solutions, from Bain Capital LLC, for an estimated USD 4.65 bil in cash.
07/29/2016 CardConnect LLC FTV Management Co LP
FinTech Acquisition Corp
350.000 US - FinTech Acquisition Corp (FAC) acquired the entire share capital of CardConnect LLC (CCL), a King Of Prussia-based provider of payment processing and technology solutions, from TS Holding Corp, a unit of FTV Management Co LP, for an estimated USD 350 mil. The consideration was to consist of an stimated USD 180 mil in cash and the issuance of USD 170 mil in FAC shares. Upon completion, CCL was to be renamed CardConnect Corp.
08/01/2016 CompassLearning Inc
Marlin Equity Partners LLC
Edgenuity Inc - US - Edgenuity Inc, a unit of Teachscape Inc, acquired CompassLearning Inc, an Austin-based software publisher, from Marlin Equity Partners LLC.
07/27/2016 L-com Inc Odyssey Invest Partners LLC
Infinite RF Holdings Inc
- US - Infinite RF Holdings Inc, a unit of Genstar Capital LLC, acquired L-com Inc, a North Andover-based manufacturer of fiber optic cables, from Odyssey Investment PartnersLLC.
07/28/2016 SciQuest Inc Trinity Ventures Accel-KKR LLC 353.187 US - Accel-KKR LLC, jointly owned by Kohlberg Kravis Roberts & CoLP and Accel Partners, acquired the remaining 95.134% interest, which it did not already own, in SciQuest Inc, a Morrisville-based software publisher, from Trinity Ventures, for USD 489.508 mil in cash, in a leveraged buyout transaction.
INDUSTRIALS
Date Effective
Target Name Target Ultimate Parent Acquiror Full Name
Ranking Value inc. Net Debt of Target ($Mil)
Synopsis
07/28/2016 CTS Engines LLC Palm Beach Capital Corp
Platte River Ventures LLC
- FLASH: US - Platte River Ventures LLC acquired CTS Engines LLC, a Fort Lauderdale-based provider of air transportation support services, from Palm Beach Capital Corp, in a leveraged buyout transaction.
MATERIALS
Date Effective
Target Name Target Ultimate Parent Acquiror Full Name
Ranking Value inc. Net Debt of Target ($Mil)
Synopsis
08/02/2016 MACtac Europe SPRL
Platinum Equity LLC Avery Dennison Corp
226.040 BELGIUM - Avery Dennison Corp of the US acquired MACtac Europe SPRL, a Soignies-based manufacturer of adhesives, from Platinum Equity LLC, for a total EUR 200 mil (USD 226.04 mil), including the assumption in liabilities.
RETAIL
Date Effective
Target Name Target Ultimate Parent Acquiror Full Name
Ranking Value inc. Net Debt of Target ($Mil)
Synopsis
08/10/2016 Balducci's LLC Irving Place Capital Inc
KB Holdings Inc
- US - KB Holding Inc acquired Balducci's LLC, Maryland-based supermarket operator, from Sutton Place Gourmet Inc, owned by Bear Stearns Merchant Banking. Concurrently KB Holding Inc acquired Kings Super Markets.