M&A News

  • 02/20/19: InterVision Expands Digital Transformation Practice
    SANTA CLARA, Calif. & ST. LOUIS--(BUSINESS WIRE)--InterVision today announced new services, personnel and tools to enhance its Digital Transformation (DX) practice. Backed by an expert team of innovation consultants, technical architects, and business analysts, InterVision’s DX practice provides business leaders with a holistic roadmap incorporating business vision, IT infrastructure, change management and ongoing architectural guidance to help enable and sustain a competitive advantage. “Digit - Source: Business Wire Merger/Acquisition News
  • 02/20/19: Bristol-Myers Squibb Provides Update on Pending Transaction with Celgene
    NEW YORK--(BUSINESS WIRE)--Bristol-Myers Squibb Company (NYSE:BMY) today provided an update on its proposed acquisition of Celgene Corporation (NASDAQ:CELG). Bristol-Myers Squibb announced that it has filed an amended registration statement on Form S-4 with the Securities and Exchange Commission (“SEC”) in connection with Bristol-Myers Squibb’s proposed acquisition of Celgene. The special meetings of stockholders of both Bristol-Myers Squibb and Celgene are currently scheduled for April 12, 201 - Source: Business Wire Merger/Acquisition News
  • 02/20/19: Blackstone invests in Lionpoint Group
    Blackstone has completed an investment in Lionpoint Group. Financial terms weren’t announced. Lionpoint, of New York, is a consult-tech firm for alternative investment managers. - Source: PE Deals – PE Hub
  • 02/20/19: Godiva Chocolatier to sell Asia-Pacific assets to MBK Partners
    Godiva Chocolatier, backed by Yildiz Holding, said Feb. 20 they agreed to sell select Godiva assets to MBK Partners. These include Godiva’s retail and distribution operations Japan, South Korea, Australia as well as the future rights to develop New Zealand. This includes consumer packaged goods, digital-commerce, travel retail (for Japan and South Korea) and more than 300 retail stores. The transaction also covers Godiva’s production facility in Brussels that supplies product to these markets. Financial terms weren’t announced. Godiva Chocolatier provides artisanal chocolate. MBK Partners, of Beijing, is a North Asia private equity firm. Morgan Stanley provided financial advice while Baker McKenzie acted as legal counsel to Yildiz Holding and Godiva. - Source: M&A – PE Hub
  • 02/20/19: Clearlake-backed Symplr to buy API Healthcare
    Symplr, a portfolio company of Clearlake Capital Group LP, said Feb. 20 that it agreed to buy API Healthcare. Financial terms weren’t announced. Veritas Capital is the seller. API, of Hartford, Wisconsin, provides healthcare human capital management software solutions. - Source: M&A – PE Hub
  • 02/20/19: How PE firms can best distinguish themselves: buy-and-build and strong deal sourcing
    By Nadim Malik and Brenden Gobell, Sutton Place Strategies As private equity and M&A activity gains momentum in 2019, the question on everyone’s mind is, “How long can the current economic expansion continue?” With purchase multiples at or near all-time highs and PE fundraising and dry powder at record levels, one can’t help but wonder […] - Source: PE Deals – PE Hub
  • 02/20/19: Lipari Foods Completes Acquisition of Troyer Cheese
    SAN FRANCISCO--(BUSINESS WIRE)--lt;a href="https://twitter.com/hashtag/DairyGoods?src=hash" target="_blank"gt;#DairyGoodslt;/agt;--H.I.G. Capital's portfolio company, Lipari Foods, acquired Troyer Cheese, Inc.,Troyer Bros. Trucking, Ltd.,and Amish Wedding Foods Inc. - Source: Business Wire Merger/Acquisition News
  • 02/19/19: Jefferies Financial Group Inc. Announces Proposal to Acquire Balance of HomeFed
    NEW YORK--(BUSINESS WIRE)--Jefferies Financial Group Inc. (NYSE: JEF or Jefferies), which currently owns 70.1% of HomeFed Corporation (OTCMKTS: HOFD or HomeFed), a developer and owner of residential and mixed-use real estate properties primarily in California and New York, announced today that it is proposing to acquire the remaining common stock of HomeFed not already owned by Jefferies (the “Proposed Transaction”). The Proposed Transaction would entail Jefferies issuing two shares of Jefferie - Source: Business Wire Merger/Acquisition News
  • 02/19/19: Blue Water Advisors LP Announces Agreements with Grupo Energía Bogotá with Respect to the Electro Dunas Group, Blue Water’s Electricity Distribution, Generation, and Services Platform in Peru
    NEW YORK--(BUSINESS WIRE)--Blue Water Worldwide LLC and its subsidiary Electro Dunas Cayman Holdings Ltd. have reached an agreement with Grupo Energía Bogotá S.A. E.S.P. - Source: Business Wire Merger/Acquisition News
  • 02/19/19: BlackRock, KKR plan $4 billion-$5 billion investment in ADNOC pipeline unit: FT
    U.S. investment firms BlackRock Inc and KKR & Co Inc are in advanced talks to take a $4 billion to $5 billion stake in Abu Dhabi National Oil Co’s (ADNOC) pipeline network, the Financial Times reported on Tuesday. - Source: PE Deals – PE Hub
  • 02/19/19: Atlas Merchant Capital-led group to buy 25 pct of Ascensus
    An investor group led by Atlas Merchant Capital LLC is buying just under 25 percent of Ascensus. Financial terms weren’t announced. GIC, Singapore's sovereign wealth fund, is part of the group. Ascensus, of Dresher, Pennsylvania, provides retirement-plan services. Barclays and J.P. Morgan provided financial to Ascensus, while Willkie Farr & Gallagher LLP acted as legal counsel to the company. Debevoise & Plimpton LLP acted as legal counsel to Atlas Merchant Capital and Sidley Austin LLP acted as legal counsel to GIC. - Source: PE Deals – PE Hub
  • 02/19/19: Bonfire Announces Initial Public Offering with GTY Technology Holdings Inc. to Digitize Government with Strategic Sourcing and Procurement Software
    KITCHENER, Ontario--(BUSINESS WIRE)--lt;a href="https://twitter.com/hashtag/RewriteTomorrow?src=hash" target="_blank"gt;#RewriteTomorrowlt;/agt;--Bonfire announces IPO with GTY Tech to digitize government with strategic sourcing and procurement software - Source: Business Wire Merger/Acquisition News
  • 02/19/19: GN Audio acquires Altia Systems for $125 mln
    GN Audio has acquired Cupertino, California-based Altia Systems, a provider of video communications solutions, for $125 million. Altia was backed by Naya Ventures. - Source: M&A – PE Hub
  • 02/19/19: PE-backed Aveanna to buy Maxim’s home healthcare unit
    Aveanna Healthcare, which is backed by Bain Capital and J.H. Whitney Capital Partners, has agreed to acquire Maxim Healthcare Services' home healthcare division. No financial terms were disclosed. The deal is expected to close in the second quarter of 2019. Edge Healthcare Partners, Barclays, BMO Capital Markets, Jefferies and Deutsche Bank provided financial advice to Aveanna on the transaction. - Source: M&A – PE Hub
  • 02/19/19: PRA Acquires Koncept Events
    CHICAGO--(BUSINESS WIRE)--lt;a href="https://twitter.com/hashtag/ExperienceAnywhere?src=hash" target="_blank"gt;#ExperienceAnywherelt;/agt;--PRA has acquired Koncept Events, a sector leader in South Florida, Mexico and the Caribbean, expanding PRA's reach into this important marketplace. - Source: Business Wire Merger/Acquisition News
  • 02/19/19: Kibo to Acquire Certona, Combining Pioneering Personalization with a Robust Cloud Commerce Suite for Retailers and Brands
    DALLAS--(BUSINESS WIRE)--Kibo, a leader in cloud commerce, and Certona, the leading real-time omnichannel personalization solution and pioneer of AI-driven experience individualization, today announced they are joining forces. The combination brings together Kibo’s robust cloud commerce platform, comprised of both eCommerce and order management solutions, and Certona’s best-in-class personalization platform. As the market becomes more dynamic and competitive, retailers need individualized ways - Source: Business Wire Merger/Acquisition News
  • 02/19/19: PE-backed Village Fertility Pharmacy buys Integrity
    Village Fertility Pharmacy, a portfolio company of BelHealth Investment Partners, has acquired Integrity Rx Specialty Pharmacy, a fertility-focused pharmacy. No financial terms were disclosed. - Source: M&A – PE Hub
  • 02/19/19: Logistics Property Co. Acquires Accretive Parcel in Kenosha, Wis.
    CHICAGO--(BUSINESS WIRE)--lt;a href="https://twitter.com/hashtag/commercial?src=hash" target="_blank"gt;#commerciallt;/agt;--Logistics Property Co. Acquires Accretive Parcel in Kenosha, Wis. — 94 Logistics Park Phase II offers a solution for users seeking 1 million sf. - Source: Business Wire Merger/Acquisition News
  • 02/19/19: Pipeline firm Targa to sell 45 percent stake in Bakken assets for $1.6 billion: Reuters
    U.S. oil pipeline operator Targa Resources will sell a 45 percent stake in some of its assets in the Bakken region for $1.6 billion as it looks to reduce debt, the company said on Tuesday. - Source: PE Deals – PE Hub
  • 02/19/19: Pearson sells K12 U.S. textbook unit for $250 mln: Reuters
    British education company Pearson said on Monday it had agreed to sell its U.S. K12 courseware business to Nexus Capital Management LP for $250 million as it shifts its focus from textbooks to digital. - Source: PE Deals – PE Hub
  • 02/19/19: Jinko Power, Ardian and White Summit to construct and run Spanish solar PV plant
    Jinko Power, Ardian Infrastructure and White Summit Capital have agreed to construct and operate La Isla, a solar photovoltaic plant near Seville, Spain. The plant is currently in development and construction is expected to be completed during the second half of 2019. - Source: PE Deals – PE Hub
  • 02/19/19: GPP-backed Spine & Sport acquires Complete Care
    Spine & Sport Physical Therapy, a portfolio company of Great Point Partners, has acquired Palm Springs, California-based Complete Care Physical Care Therapy, a physical therapy provider. No financial terms were disclosed. - Source: M&A – PE Hub
  • 02/19/19: PE-backed Probo Medical buys Trisonics
    Probo Medical, a portfolio company of Varsity Healthcare Partners, has acquired Harrisburg, Pennsylvania-based Trisonics Inc, a provider of ultrasound equipment. No financial terms were disclosed. - Source: M&A – PE Hub
  • 02/19/19: MCVS buys three infratech companies
    Macquarie Capital Venture Studio, a platform launched by Macquarie Capital and R/GA Ventures, has acquired three infrastructure tech companies: AirMap Inc, Envoy Technologies and Teralytic Inc. No financial terms were disclosed. - Source: M&A – PE Hub
  • 02/19/19: Genstar-backed Mercer Global buys Arbor Asset Management
    Mercer Global Advisors Inc, a Genstar Capital portfolio company, said Feb. 19 that it acquired Arbor Asset Management LLC. Financial terms weren’t announced. Arbor, of Ann Arbor, Michigan, is a wealth manger that serves households throughout the mid-west with assets under management (AUM) of approximately $350 Million. - Source: M&A – PE Hub
  • 02/19/19: GA in talks to sell Mu Sigma stake: Livemint
    General Atlantic is in talks to sell its 20 percent stake in Mu Sigma to Carlyle and KKR in separate transactions, according to Livemint. GA’s stake is expected to be valued at at least $200 million, the story said. - Source: PE Deals – PE Hub
  • 02/19/19: Navient rejects $3.2 bln offer from Canyon Capital, Platinum Equity: Wall Street Journal
    Navient Corp has rejected a $3.2 billion offer from Canyon Capital and Platinum Equity Advisors LLC because it’s too low, the Wall Street Journal reported. Navient, of Wilmington, Delaware, is a student loan servicer. UPDATE: On Navient's response to the bid, a company spokesperson made the following statement: “Navient’s Board has been clear that it would consider any bona fide, fully-financed proposal that appropriately reflects the fair value of the Company and has a viable path to completion. The price Canyon indicated substantially undervalues the Company, and Canyon has not provided any substantive information on financing. Prior to today, Canyon has not indicated any willingness to increase its price, and nothing in Canyon’s February 15 letter indicated any willingness to increase its price above $12.50. Of course, we are willing to meet with Canyon. We are always prepared to meet with our significant shareholders.” - Source: PE Deals – PE Hub
  • 02/19/19: PE-backed National Express Wash buys El Car Wash
    National Express Wash has acquired El Car Wash. Financial terms weren’t announced. El Car Wash owns and develops car wash locations in Miami and the broader South Florida market. National Express is backed by Wafra Inc, Audrose Partners and Fireside Investments. - Source: M&A – PE Hub
  • 02/19/19: The most important – and difficult – action that new portfolio company CEOs must take
    By JP Flaum, Green Peak, and Jeff Warren, Russell Reynolds New CEOs often come into portfolio companies with guns blazing, ready to change the world. But here’s one thing they typically don’t do fast enough: fire people. We recently interviewed 25 leaders at premier private equity firms in the U.S. and Europe, including Bain Capital, […] - Source: PE Deals – PE Hub
  • 02/19/19: Payless ShoeSource seeks bankruptcy protection again: Reuters
    U.S. discount retailer Payless ShoeSource Inc on Monday filed for voluntary Chapter 11 bankruptcy protection for the second time, along with its North American subsidiaries, and said it would wind down all North American stores by the end of May, Reuters reported. - Source: PE Deals – PE Hub
  • 02/18/19: Kordsa to buy PE-backed Axiom Materials
    Kordsa has agreed to acquire Santa Ana, California-based Axiom Materials Inc, a maker of progressive composite materials. No financial terms were disclosed. Axiom is backed by Sorenson Capital. - Source: M&A – PE Hub
  • 02/18/19: European rum brand E&A Scheer picks up funding from Riverside
    The Riverside Company has made an investment in E&A Scheer, a European rum brand. No financial terms were disclosed. Allen & Overy and Advocatenkantoor Parmentier provided legal counsel to Riverside on the transaction for Riverside. - Source: PE Deals – PE Hub
  • 02/18/19: Israel’s Leumi to complete sale of credit card unit February 26: Reuters
    Israel’s Bank Leumi said on Sunday it would complete the sale of its credit card unit to U.S. private equity firm Warburg Pincus on Feb. 26. - Source: M&A – PE Hub
  • 02/18/19: Bottler Coca-Cola HBC buys Serbian confectionary firm Bambi: Reuters
    Soft drink bottler Coca-Cola HBC said on Monday it would buy Serbian biscuit and confectionary maker Bambi for an enterprise value of 260 million euros ($294 million) from private equity investor Mid Europa Partners. - Source: M&A – PE Hub
  • 02/18/19: PE-backed API sells EMS business to Kitron
    API Technologies Corp, a portfolio company of J.F. Lehman & Company, has sold Windber, Pennsylvania-based API Defense USA Inc, its electronics manufacturing services business, to Kitron. No financial terms were disclosed. Canaccord Genuity served as financial adviser to API on the deal while Jones Day and Miller & Chevalier provided legal counsel. - Source: M&A – PE Hub
  • 02/15/19: Apollo to buy Cox TV stations in broadcast push: Reuters
    Buyout firm Apollo Global Management LLC has agreed to acquire a majority stake in 14 television stations from privately held Cox Media Group, the company said on Friday, a move that sets up Apollo to become a player in broadcasting, an industry it has sought deals in for some time. - Source: PE Deals – PE Hub
  • 02/15/19: BPOC invests in Health-E Commerce
    Beecken Petty O'Keefe & Company has made a majority investment in Health-E Commerce, a parent company of pre-tax health and wellness shopping sites. No financial terms were disclosed. Financo provided financial advice to Health-E Commerce while O’Melveney & Myers LLP acted as legal adviser. And, Paul Hastings LLP served as legal adviser to Beecken Petty O’Keefe & Company. - Source: PE Deals – PE Hub
  • 02/15/19: PE-backed Industrial Flow Solutions buys Stancor and BJM Pumps
    Industrial Flow Solutions, a portfolio company of May River Capital, has acquired Monroe, Connecticut-based Stancor LP, a provider of solutions based on integrated pump and control systems and Old Saybrook, Connecticut-based BJM Pumps, a maker of pumps used in industrial and municipal dewatering and wastewater applications. The sellers include Longview Asset Management and Knox Capital. No financial terms were disclosed. - Source: M&A – PE Hub
  • 02/15/19: PE-backed Avetta and Browz merge
    Avetta and Browz, two providers of SaaS-based supply chain risk management software, has merged. No financial terms were disclosed. Evercore provided financial advice to Avetta on the deal while Kirkland & Ellis LLP served as legal adviser. FT Partners was financial and strategic adviser to Browz with Katten Muchin Rosenman LLP providing legal advice. Avetta is majority owned by Welsh, Carson, Anderson & Stowe. - Source: M&A – PE Hub
  • 02/15/19: Private equity firms win over Scout24 with improved $6.4 billion bid: Reuters
    Hellman & Friedman and Blackstone have won over Scout24 after raising their offer for the online classifieds group to 5.7 billion euros ($6.4 billion) including debt, setting up the biggest takeover of a listed German company by private equity. - Source: PE Deals – PE Hub
  • 02/15/19: Apollo completes take-private Aspen Insurance buyout
    Apollo Global Management has closed its take-private acquisition of Aspen Insurance in an all-cash transaction valued at about $2.6 billion. As a result of the closing, Aspen stopped trading February 15, 2019 on the New York Stock Exchange and the Bermuda Stock Exchange. Goldman Sachs and J.P. Morgan Securities LLC provided financial advice to Aspen on the deal. - Source: PE Deals – PE Hub
  • 02/15/19: Chart National invests in Sequoia Holdings
    Chart National LP has made an investment in Reston, Virginia-based Sequoia Holdings, a provider of software and cloud engineering services for the U.S. intelligence community. No financial terms were disclosed. - Source: PE Deals – PE Hub
  • 02/15/19: OpenGate to buy SMAC from Colas Group
    OpenGate has agreed to acquire SMAC, a French manufacturer of waterproofing and building envelope solutions, from Colas Group. No financial terms were disclosed. - Source: PE Deals – PE Hub
  • 02/14/19: PE-backed Continental Batteries buys BDI
    Continental Batteries, a portfolio company of Incline Equity Partners, has acquired Atlanta-based Battery Distributors Inc, a provider of aftermarket batteries to the automotive, commercial, golf and marine markets. No financial terms were disclosed. - Source: M&A – PE Hub
  • 02/14/19: Mason Wells sells Aquion to Pentair
    Mason Wells has sold Roselle, Illinois-based Aquion Inc, a maker of water treatment equipment and water quality solutions, to Pentair plc. The value of the deal was $160 million. Robert W. Baird advised Aquion while Quarles & Brady provided legal counsel. - Source: M&A – PE Hub
  • 02/14/19: Skyview completes Conduent’s customer care assets acquisition, forms Continuum
    Skyview Capital has closed its previously announced acquisition of Conduent's select customer care assets and formed Continuum Global Solutions. No financial terms were disclosed. - Source: PE Deals – PE Hub
  • 02/14/19: Ant Financial agrees to buy UK-based currency exchange WorldFirst: Reuters
    Ant Financial has agreed to acquire UK-based currency exchange WorldFirst, a spokeswoman of the Chinese consumer finance giant said on Thursday, marking a successful western deal for the firm which saw a U.S. purchase blocked by regulators last year, Reuters reported. - Source: M&A – PE Hub
  • 02/14/19: Patisserie Valerie rescued by management with help from Causeway Capital: FT
    Scandal-hit British cafe chain owner Patisserie Holdings has been bought out of administration by its management with help from Los Angeles-based investment management firm Causeway Capital, the Financial Times reported. - Source: PE Deals – PE Hub
  • 02/14/19: CenterGate funds Mid-State
    CenterGate Capital has made an investment in Lakeland, Florida-based Mid-State Industrial Maintenance, a provider of on-site and off-site industrial maintenance and service solutions. No financial terms were disclosed. - Source: PE Deals – PE Hub
  • 02/14/19: STG-backed Winshuttle merges with EnterWorks
    Winshuttle, a portfolio company of Symphony Technology Group, has merged with EnterWorks, a provider of product information management, digital asset management and master data management solutions. No financial terms were disclosed. EnterWorks was backed by Black Dragon Partners. - Source: M&A – PE Hub

 

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