Deal Pipeline
Monday 12 February 2018
The following is a list of deals covered in detail by M and A Navigator this week:

-PETSKY PRUNIER ADVISES ADVERTISING TECHNOLOGY COMPANY KATCH ON ASSET SALE

US-based investment bank Petsky Prunier advised advertising technology company Katch on its sale of its auto insurance, home insurance, mortgage, and technology assets to QuinStreet, Inc. (NASDAQ: QNST), the bank said.
Katch enables brands to target and bid on vertically-focused, in-market website visitors as they shop online. QuinStreet is one of the largest internet performance marketing and media companies in the world, and is committed to providing consumers and businesses with information on select products, services, and brands that meet their needs.
Status: Closed



-A T AND T CLOSES USD 207M ACQUISITION OF FIBERTOWER

US-based telecommunications company AT and T has closed its acquisition of FiberTower Corp., the company said. FiberTower Corporation provides facilities-based backhaul services to wireless carriers in the United States.
Backhaul is the transport of voice, video, and data traffic from a wireless carrier's mobile base station, or cell site, to its mobile switching center or other exchange point where the traffic is then switched onto a wire line telecommunications network. The deal gives AT and T millimeter wave spectrum that will be put to work later this year to begin the rollout of mobile 5G services.
Status: Closed



-GENERATIONAL EQUITY ADVISES CUSTOMS BROKER IRWIN BROWN IN SALE TO CH POWELL

US-based mergers and acquisitions advisor Generational Equity's client, The Irwin Brown Company, by CH Powell Company, the firm said. The Irwin Brown Company, based in New Orleans, Louisiana, is a fully licensed customs broker and international freight forwarder operating in the Gulf South Region.
It offers clients end-to-end logistics by providing all related services ranging from strategic planning and completion of proper documentation, to shipment tracking and inland transportation setup. IBC also maintains a satellite office in Gulfport, Mississippi.
Status: Closed

-ARRIS TO SELL TAIWAN MANUFACTURING FACILITY TO PEGATRON
US-based entertainment and communications technology company Arris International plc (NASDAQ: ARRS) has inked an agreement with long-time partner Pegatron Corp. for the sale of Arriss' manufacturing facility in New Taipei City, Taiwan, the company said.
Production of Arris customer premises equipment will transition to Pegatron's Suzhou site in China by the end of 2018. Arris will continue to maintain technology development and business operations in Taiwan, including its newly acquired Ruckus operations.
Status: Agreed

-PSEG ACQUIRES NORTH CAROLINA SOLAR FARM FOR USD 10M
New Jersey, US-based power generation company PSEG Solar Source has acquired a Halifax, North Carolina, US-based solar energy facility from BayWa r.e., representing an investment of about USD 10m, the company said.
The PSEG Halifax Solar Energy Center has a 15-year power purchase agreement with Virginia Electric and Power Co. The facility occupies 28 acres that are under a 25-year lease with the Halifax-Northampton regional airport.
Status: Closed

-806 WEST ADAMS PROPERTY ACQUIRES CALIFORNIA-BASED JOHN TRACY CLINIC
US-based real estate company 806 West Adams Property LLC has acquired California, US-based John Tracy Clinic property, a nonprofit education centre for infants and preschool children with hearing loss, including 40,000 square feet of buildings and 2.5 acres of land, the company said.
The property has initially been acquired as a leased investment. A substantial portion of the purchase price is contingent on Champion and its affiliate executing on their vision to bring residential uses to the urban-infill site.
Status: Closed

-SHOPIN ACQUIRES ONLINE PERSONAL STYLIST STYLIT'S DATABASE
New York, US-based blockchain and AI-technology enabled shopping experience provider Shopin has acquired the database of New York-based online personal stylist Stylit to strengthen Shopin's AI engine, enabling more accurate and personal product recommendations, the company said.
The acquisition gives Shopin access to over 5.4m data points of shopping preferences from style personality and clothing sizes to budget. Shopin said it will use this first-party data to teach its A.I. engine to select the best products for shoppers, helping grow and disrupt the future of retail by creating a more sustainable economy.
Status: Closed

-ATRIUM HEALTH, NAVICENT HEALTH COMBINE TO EXPAND SERVICES TO GEORGIA COMMUNITIES
North Carolina, US-based healthcare organisation Atrium Health has agreed to combine with Georgia, US-based hospice care Navicent Health to enhance access, affordability and equity of care for individuals and families in central and south Georgia, US, the company said.
Navicent Health will become a part of Atrium Health. This combination will allow Navicent Health to become a regional hub for Atrium Health outside the Carolinas and will enhance Macon-Bibb County's position as one of Georgia's centres for healthcare, keeping the physician community strong, and enabling patients to access complex medical services locally.
Status: Agreed

-SYNOPSIS ACQUIRES PHOENIX SOFTWARE TO BROADEN PHOTONICS DESIGN AUTOMATION
California, US-based software company Synopsys, Inc. (NASDAQ: SNPS) has finalised the acquisition of Netherlands-based photonic chip design solutions provider PhoeniX B.V. to expand photonics design automation solutions, the company said.
The terms of the deal, which is not material to Synopsys financials, are not being disclosed. With the acquisition, Synopsys is the provider of photonic integrated circuit design automation solutions for a wide range of application requirements ranging from data communications to sensors and biomedical devices.
Status: Closed

-BC PARTNERS FUNDS TO ACQUIRE ZEST DENTAL SOLUTIONS
Funds advised by UK-based international investment firm BC Partners have agreed to acquire California, US-based dental solutions provider Zest Dental Solutions from New York, US-based private equity firm Avista Capital Partners, the company said.
BC Partners said Zest is in an attractive segment of the healthcare industry, and is well positioned to continue delivering innovation to the dental community globally. BC Partners is an international investment firm with over EUR 17bn (USD 21bn) of assets under management in private equity and private credit.
Status: Agreed

-STARWOOD CAPITAL ACQUIRES FORESTAR REAL ESTATE PORTFOLIO FOR USD 232M
An affiliate of Connecticut, US-based private investment firm Starwood Capital Group and an affiliate of US-based real estate investment firm Land Strategies Management (d/b/a/ Starwood Land Advisors) has formed a joint venture to acquire a residential and commercial portfolio of assets from Forestar Group (NYSE: FOR), the company said.
The joint venture acquired equity interests in the portfolio for USD 232m. The acquired portfolio is primarily comprised of nearly 4,800 fully entitled residential lots spread across 20 projects in a majority of the top homebuilding markets in Dallas, Austin, San Antonio, Houston, Charlotte, Nashville, Raleigh and Denver, US.
Status: Closed

-COPASAT ACQUIRES ECLIPSE COMPOSITES ENGINEERING TO STRENGTHEN SATELLITE COMMUNICATIONS
Florida, US-based Communication technology provider CopaSAT LLC has acquired Utah, US-based military grade STACOM antenna components manufacturer Eclipse Composite Engineering, to strengthen satellite communications solutions, the company said.
Eclipse will maintain its name and 17,000 square-foot manufacturing facilities located in Utah. CopaSAT said Eclipse's unique light-weight antenna technology products complement the company's business and extends its portfolio of solutions available to the government and military sectors.
Status: Closed

-CONFIE ACQUIRES DAY/READ, BLUE RIDGE INSURANCE GROUPS TO BUILD PRESENCE IN NEW YORK, WASHINGTON
California, US-based personal lines insurance brokerage Confie has acquired New York, US-based insurance agency Day and Read, Inc. and Washington, US-based personal lines insurance agency Blue Ridge Insurance, to expand in Washington and New York, the company said.
Day and Read Inc. has five locations throughout the Mohawk Valley, New York region. Blue Ridge Insurance is preferred personal lines focussed insurance agency. Confie said it plans to retain the employees of both companies.
Status: Closed

-URANIUM ENERGY ACQUIRES THE CANADIAN DATABASE PROJECT FROM NUINSCO
Texas, US-based uranium mining and exploration company Uranium Energy Corp (NYSE American: UEC), has agreed to acquire 100% of Canada-based Diabase project, located in the Athabasca Basin uranium district, from Nuinsco Resources Ltd., to accelerate uranium development, the company said.
UEC has acquired the Diabase project from Nuinsco for USD 500,000 in aggregate consideration consisting of approximately USD 240,000 in cash paid to Nuinsco and the issuance of 139,418 common shares to Nuinsco and 25,349 common shares to the original project property owner.
Status: Agreed

-OATEY STRENGTHENS CAPABILITIES IN CANADA WITH ACQUISITION OF GF THOMPSON
Ohio, US-based plumbing products supplier Oatey Co. has acquired Canada-based plumbing and HVAC product manufacturer G.F. Thompson Co Ltd. to strengthen presence in Canada, the company said.
Oatey said the addition of G.F. Thompson and its Masters brand strengthens the company's ability to serve the Canadian market. Oatey Co. provides a manufacturing and distribution network to supply more than 6,000 products for professional builders, contractors, engineers and do-it-yourself consumers around the world. Oatey has locations in the US, Canada, Mexico and China.
Status: Closed

-RESIDENTIAL DESIGN SERVICES ACQUIRES GREENCRAFT INTERIORS TO EXPAND SERVICE FOOTPRINT
California, US-based Residential Design Services (RDS) has acquired Arizona, US-based interior design centre Greencraft Interiors to expand geographic diversification, the company said.
Residential Design Services (RDS) is a subsidiary of Select Interior Concepts, Inc. (SIC), a holding company focussed on consolidating and managing companies in the interior building products and services industry.
Select Interior Concepts said this acquisition provides RDS product and geographic diversification, as well as increased cross-selling opportunities.
Status: Closed

-STONE POINT CAPITAL TO ACQUIRE GENEX SERVICES TO EXPAND MANAGED CARE PORTFOLIO
Funds managed by Connecticut, US-based private equity firm Stone Point Capital LLC have agreed to acquire a majority interest in Pennsylvania, US-based managed care services provider Genex Services, serving the workers' compensation, disability and auto industries, from funds advised by UK-based private equity firm Apax Partners, the company said.
Genex said this transaction renews a successful partnership between Genex and Stone Point. Stone Point had previously acquired the company in 2007 before selling to the Apax Funds in 2014.
Status: Agreed

-GOAT MERGES WITH FLIGHT CLUB TO EXPAND IN SNEAKER ONLINE/RETAIL MARKETPLACE
California, US-based digital sneaker marketplace GOAT has merged with New York, US-based sneaker consignment pioneer Flight Club to enhance mobile, web and retail shopping experiences, the companies said.
Following the merger, GOAT and Flight Club will continue to operate as independent brands. GOAT will continue to focus on mobile and web listings, and utilise its technology platform across the combined companies, while Flight Club will continue its focus on global retail and e-commerce consignment.
Status: Closed

-CAPTRUST, KNOX CAPITAL MERGE TO GAIN PRESENCE IN UTAH
North Carolina, US-based wealth management and institutional advisor firm CAPTRUST Financial Advisors has acquired Utah, US-based wealth management firm Knox Capital Group in a merger that brings Captrust more than USD 300m in client assets in the Utah market, the company said.
CAPTRUST said Knox Capital Group round out CAPTRUST's wealth management offering. CAPTRUST offers advisory teams looking for a long-term partner numerous resources that have been proven over time to accelerate growth and add substantial value for clients.
Status: Closed

-RUBENSTEIN PARTNERS ACQUIRES MAJORITY STAKE IN WASHINGTON, DC OFFICE PROPERTY
An affiliate of Philadelphia, US-based real estate investment manager Rubenstein Partners, L.P. is acquiring a majority interest in Washington, DC-based class A office property 111 K Street, NE, the company said.
111 K Street is organised as a condominium regime and Rubenstein will be purchasing or controlling through the condominium regime approximately 80% of the property square footage. The almost 90,000-square-foot boutique building features a diversified tenant roster of full-floor occupants representing non-profits, associations and other business service sectors.
Status: Agreed

-TWO LABS EXPANDS PHARMA CONSULTING SERVICES WITH ACQUISITION OF MKO GLOBAL PARTNERS
Ohio, US-based pharma and life science services company Two Labs has acquired US-based life sciences consulting firm MKO Global Partners integrating new capabilities in pricing and market access strategy, the company said.
Two Labs' mission is to improve patients' quality of life by delivering innovative trade and commercialisation services to pharmaceutical manufacturers.
Status: Closed

-ALTEGRIS, ACTIVEST TO MERGE TO CREATE ALTERNATIVE INVESTMENT SOLUTION
California, US-based alternative investment research and management firm Altegris has agreed to merge with New York, US-based alternative investment technology firm Artivest under the name Artivest to accelerate the work of both companies to provide individuals and institutions with efficient access to alternative investments, the company said.
The joint 100-person team will service over USD 3bn in client capital to expand alternative investment technology and solutions firm for wealth managers, fund managers and independent advisors. The combination will accelerate the work of both companies to provide individuals and institutions of all sizes efficient access to alternative investments. This integration will create a solutions-driven marketplace.
Status: Agreed

-MAGNOLIA CAPITAL ACQUIRES CHICAGO MULTI-FAMILY PROPERTY TO EXPAND PORTFOLIO OF ASSETS
Israel-based real estate investment firm Magnolia Capital has acquired the 270-unit Chicago, US-based apartment high-rise, Vantage Oak Park, adding Magnolia's first portfolio property in the Chicago market, the company said.
This is the sixth acquisition for the growing real estate investment firm. California, US-based commercial real estate services and investment firm CBRE's local Chicago office acted as the sales broker for the transaction. CBRE arranged the 10-year floating rate loan on behalf of Magnolia Capital through Freddie Mac at a starting rate of 3.28%.
Status: Closed

-TRADITIONS HEALTHCARE EXPANDS IN CALIFORNIA WITH ACQUISITION OF PROCARE HOSPICE
Texas, US-based home health and hospice services provider Traditions Healthcare Holding Company, LLC has acquired California, US-based hospice services provider ProCare Hospice Corp., to expand footprint in California, the company said.
Traditions said the addition of ProCare Hospice expands its brand to Southern California. Traditions Health Care Holding Company, LLC is a portfolio company of Dorilton Capital Advisors, and has 11 locations serving over sixty counties in Texas. Traditions Health Care offers skilled nursing, therapy services and both physical and spiritual end-of-life care. 
Status: Closed