Deal Pipeline
Friday 22 January 2016
The following is a list of deals covered in detail by M and A Navigator this week:

-STYLESEAT ACQUIRES NYC SPA BOOKING PLATFORM BEAUTYBOOKED
US-based StyleSeat, a mobile and online destination for booking beauty and wellness appointments, will acquire NYC-based BeautyBooked, a discovery and booking platform for high end salons and spas, the company said.
The acquisition of BeautyBooked, which has more than 1,000 marquee salons on its platform, enables StyleSeat to expand into the USD 21bn salon and spa segment.
Status: Closed

-SUNEDISON CLOSES ON SECOND PHASE OF DOMINION TRANSACTION
US-based renewable energy developer SunEdison, Inc. (NYSE: SUNE) has completed the second phase of its transaction to acquire a 33% ownership interest in a 567mw DC solar portfolio from Dominion (NYSE: D), the company said.
SunEdison acquired a 33% interest in the remaining 231mw portion of Dominion's 567mw portfolio of solar power plants for USD 117m.
Status: Closed

-TAUTACHROME CLOSES ACQUISITION OF PHOTO PRINTING SERVICE PHOTOSWEEP
US-based digital imagery technology company Tautachrome, Inc. (OTC: TTCM) has closed its acquisition of 100% of the member interest in US-based mobile photo management and printing service Photosweep, LLC from Jeremy Snyder and other stakeholders, the company said.
Photosweep is a service that allows users to capture and queue photos on their devices, then prints them out and delivers a physical copy.
Status: Closed

-PREMIERE FINANCIAL CLOSES USD 26.5M ACQUISITION OF WEST VIRGINIA'S FIRST NATIONAL BANKSHARES
US-based community bank holding company Premier Financial Bancorp Inc. (NASDAQ: PFBI) has closed its acquisition of US-based bank holding company First National Bankshares Corp. for a combination of cash and stock currently valued at approximately USD 26.5m, the company said.
In conjunction with the acquisition by Premier, First National Bank, First National's wholly owned subsidiary bank, will be merged into Premier Bank, Inc., a wholly owned subsidiary of Premier also headquartered in Huntington, West Virginia.
Status: Closed

-CRIME SCENE CLEAN UP PARENT ACQUIRES 3 BIOHAZARD FIRMS
US-based Prestige Worldwide Group, the parent company of CrimeSceneCleanup.com, has acquired KRI Crime Scene Cleanup of Texas, Crime Scene Inc. of Maryland and Crime Scene Clean LLC of Texas, three of the largest biohazard firms in the US, the company said.
According to the company, the deal marks one of the largest of its kind in the crime scene cleanup industry and now makes CrimeSceneCleanup.com the leading firm in the business.
Status: Closed

-ELIZABETH ARDEN RED DOOR SPA ACQUIRES NEW YORK CITY NAIL CARE FIRM CITYMANI
US-based spa and beauty industry company Elizabeth Arden Red Door Spa has acquired CityMani, an on-demand nail care service for private and small group parties in New York City, the company said.
This move quickly follows Red Door Spa's recent acquisition of Manicube, the corporate wellness benefits service, offering nail care, massage therapy, and men's barbering to working professionals in corporate offices in New York, Boston, Chicago, and San Francisco.
Status: Closed

-DEQ SYSTEMS BOARD ENGAGES UNION GAMING SECURITIES; WILL EXPLORE STRATEGIC ALTERNATIVES
Canadian table games producer DEQ Systems Corp.'s (TSX Venture: DEQ) board of directors has engaged Union Gaming Securities to explore a variety of strategic alternatives intended to maximise shareholder value, the company said.
Such strategic alternatives may include, but are not limited to an acquisition, merger or other form of business combination, a recapitalisation of the company, or other similar transactions.
Status: Talks

-AMARANTUS TO SELL DIAGNOSTICS BUSINESS UNIT TO AVANT DIAGNOSTICS
US-based biotechnology company Amarantus Bioscience Holdings, Inc. (OTCQX: AMBS) and medical diagnostic technology company Avant Diagnostics (OTCQB: AVDX) have entered into a letter of intent to merge an Amarantus wholly-owned subsidiary, Amarantus Diagnostics, into Avant Diagnostics, the companies said..
Under the terms of the LOI, upon execution of definitive merger agreements, Avant shall issue to Amarantus 80m shares of common stock of Avant Diagnostics, representing approximately 45% of Avant's post-merger common stock, and 10m additional shares of common stock upon achievement of certain sales milestones. The stock is worth around USD 28m.
Status: Agreed

-US ENGINEERING FIRM HARDESTY AND HANOVER ACQUIRES THE HEIMBURG GROUP
US-based engineering firm Hardesty and Hanover, LLC has acquired transportation specialists The Heimburg Group, Inc. of Tampa, Florida. THG is a 20-person transportation firm incorporated in 2007 by Lisa and Stephan Heimburg. The firm's experience is centered on highway and civil design, and planning in the State of Florida.
Status: Closed

-MCGLINCHEY STAFFORD REPRESENTS LEEVAC SHIPYARDS IN USD 20M ASSET SALE TO GULF ISLAND
US-based law firm McGlinchey Stafford PLLC represented Leevac Shipyards, LLC, and its related affiliates in the sale of substantially all of Leevac's assets to Gulf Island Shipyards, LLC, a subsidiary of Gulf Island Fabrication, Inc., the firm said.
Earlier this month, Gulf Island Fabrication closed the deal, paying USD 20m for the assets.
Status: Closed

-PENSKE MEDIA ACQUIRES US FILM AND TV WEBSITE INDIEWIRE
US-based digital media, publishing, and information services company Penske Media Corp. has acquired Indiewire.com, a website for independent film and television, from SnagFilms, Inc., the company said.
The purchase furthers Penske Media's ascendancy in the entertainment content and news businesses, joining PMC's entertainment brands that include Variety Inc., Deadline Hollywood, TVLine.com, Hollywood Life, Gold Derby, Variety Insight, Bollywood Life, LA411, NY411, and Variety Latino (a joint venture with Univision).
Status: Closed

-US POWER QUALITY SPECIALIST MTE, TEAL ELECTRONICS TO MERGE
US-based power quality solutions provider MTE Corp. is merging with TEAL Electronics Corp., a company engaged in the design and manufacturing of transformer based power quality solutions for medical, semiconductor, military and aerospace applications, the companies said.
MTE and TEAL previously were separate companies within the SL Industries (NYSE MKT: SLI) portfolio of companies, and will now operate as one company under MTE.
Status: Agreed

-VAIL RESORTS EXPANDS TO CHICAGO AREA WITH WILMOT MOUNTAIN ACQUISITION
US-based ski resort operator Vail Resorts, Inc. (NYSE: MTN) has acquired Wilmot Mountain in Wisconsin near the Illinois state line, expanding its collection of urban ski areas in the Midwest, the company said. Wilmot Mountain is located approximately 65 miles north of Chicago. Vail Resorts plans to enhance both the on-mountain and base area experience at Wilmot Mountain.
Status: Closed

-IMEDX ACQUIRES MEDICAL DOCUMENTATION AND CODING SERVICES FIRM
US-based health information and medical documentation solutions company iMedX, Inc. has completed the acquisition of US-based medical documentation and coding services firm Amphion Medical Solutions, the company said.
Founded in 2002, iMedX is an integrated medical document management and health information solutions company based in Atlanta, Georgia. 
Status: Closed

-MAROON GROUP ACQUIRES SPECIALTY CHEMICALS DISTRIBUTOR CNX DISTRIBUTION
US-based specialty chemical distributor Maroon Group LLC has acquired CNX Distribution, a Southwestern United States distributor of specialty chemicals based in Hurst, Texas, the company said.
CNX's management team will remain in place and continue to actively manage the business. Maroon Group is owned by Maroon Group management and CI Capital Partners, a New York-based private equity firm.
Status: Closed

-VER ACQUIRES THE BUSINESS OF MEDIA PRODUCTION SERVICES FIRM DPS
US-based production equipment and engineering support provider VER has acquired the business of DPS Inc., a production services company, VER said.
In a sale ordered by the bankruptcy court, VER acquired more than half of the company's lighting and film equipment, nearly all of its audio, video, and rigging equipment, its 70,000-square-foot facility near Burbank, CA and retained nearly half of the company's employees.
Status: Closed

-MERGER BETWEEN VALUE RECOVERY HOLDING AND SCULLY CAPITAL SERVICES PRODUCES ARCHETYPE
US-based government consulting, asset management and recovery company Value Recovery Holding's recent merger with Scully Capital Services, Inc. has prompted the company to launch itself as a new organisation, Archetype, the company said.
VRH is a financial services and management consulting firm focused on energy, strategy, financial management and optimizing the value of underperforming assets. Scully Capital Services is a financial advisory firm with strong expertise in energy, water, and infrastructure project finance.
Status: Closed

-GENERTIONAL EQUITY CLIENT SPECTRUM TECHNOLOGIES ACQUIRED BY CALIBRATION AND COMPLIANCE SERVICES FIRM TRANSCAT
US-based mergers and acquisitions advisor Generational Equity's client, US-based calibration services firm Spectrum Technologies, Inc. (Spectrum), has been acquired by Transcat, Inc., the firm said.
Founded in 1986, Spectrum is an ISO 9001:2008 Registered, NIST traceable, calibration organisation that provides commercial instrument calibration and test equipment repair services for a range of measurement and test equipment. In addition, Spectrum offers new equipment for direct sales to its customers.
Status: Closed
-COVANTA ENVIRONMENTAL SOLUTIONS ACQUIRES CHIEF INDUSTRIAL SERVICES
US-based waste and energy solutions provider Covanta's (NYSE: CVA) Covanta Environmental Solutions subsidiary has acquired Chief Industrial Services, an environmental services company located in Wisconsin, the company said.
The acquisition will expand and complement Covanta's existing capabilities in the Midwest, following the 2015 acquisition of Milwaukee-based Advanced Waste Services.
Status: Closed

-IM SQUARE INVESTS IN EQUITY MANAGER POLEN CAPITAL
UK-based investment and development platform iM Square has acquired a 20% equity stake in Polen Capital Management LLC, an independently-owned growth equity manager, the firm said.
In conjunction with this minority non-voting equity investment from iM Square, the employees of Polen Capital have increased their ownership from 51% to 60%, further deepening the alignment of interests between the firm and its clients.
Status: Closed

-BNY MELLON INVESTMENT BOUTIQUE ACQUIRES HOTEL PROPERTY ADJACENT TO CALIFORNIA DISNEYLAND
US-based financial services firm BNY Mellon's (NYSE: BK) CenterSquare Investment Management investment boutique has acquired an Anaheim-area hotel property in a joint venture by the CenterSquare Value-Added Fund III, the firm said.
CenterSquare has partnered with Foster Enterprises and leading hotel management firm Interstate Hotels Group to acquire the property.
Status: Closed

-LEGAL STAFFING FIRM SPECIAL COUNSEL ACQUIRES TRAK LEGAL
US-based legal staffing and recruiting services provider Special Counsel has acquired US-based recruiting and legal staffing solutions firm Trak Legal, the company said.
For over three decades, Trak Legal has been providing solutions to US legal departments and organisations in the Washington, DC area as a sister company to Special Counsel.
Status: Closed

-RETAIL HOLDINGS SELLS STAKE IN MONEY-LOSING SINGER PAKISTAN FOR USD 2.5M
Curacao-based consumer durable goods retailer Retail Holdings N.V. (OTC: RHDGF) has sold its entire 70.28% equity stake in its Singer Pakistan Ltd. sewing machine subsidiary, the company said.
The sale, which took place through the Karachi Stock Exchange, was to ten independent, local investors. Singer Pakistan will continue to have a license from the company to use the Singer brand. Singer Pakistan had revenue of approximately USD 17.9m in 2014, and a net loss of approximately USD 1.4 m; revenue and loss for 2015 are projected to be on par with the 2014 results.
Status: Closed

-BRENNAN INVESTMENT GROUP ACQUIRES 112 ACRES IN LAKELAND, FLORIDA FOR USD 6.2M
Chicago-based private real estate investment firm Brennan Investment Group, LLC has purchased approximately 112 acres of land in Lakeland, Florida, from New York-based Rockefeller Group for a reported USD 6.2m, the company said.
The site is bordered by Old Polk City Road on the north and State Route 33 on the south and sits one-half mile from Interstate 4. The property is located in the epicenter of the I-4 Corridor, midway between Tampa and Orlando.
Status: Closed

-XG TECHNOLOGY AGREES TO BUY INTEGRATED MICROWAVE TECHNOLOGIES FOR USD 3M
US-based critical wireless communications provider xG Technology, Inc. (NASDAQ: XGTI, XGTIW) has entered into a binding letter of agreement to acquire the assets of Mt. Olive, New Jersey-based digital microwave video systems provider Integrated Microwave Technologies, LLC from US-based private investment firm Skyview Capital, LLC for USD 3m, the company said.
The purchase price reflects a combination of cash and long-term debt. The purchase is expected to close no later than 15 February 2016. IMT, which recorded annual revenues of USD 7.2m in 2015, has 20 years of experience in the design and manufacture of state-of-the-art wireless digital and analog video products.
Status: Agreed

-ATLANTIC STREET CAPITAL SELLS A WIRELESS TO LONE STAR FUNDS AFFILIATE
US-based private equity firm Atlantic Street Capital has sold US-based voice and data services reseller A Wireless to an affiliate of US-based investment firm Lone Star Funds, the company said. Headquartered in Greenville, NC, A Wireless (formerly Z Wireless) markets and sells products and services from over 600 stores in 31 states.
Atlantic Street Capital is a private equity firm that invests in middle market companies with between USD 25m and USD 150m in revenue. The firm is currently investing from Atlantic Street Capital Partners, L.P. II.
Status: Closed

-NATIONAL CREDIT CENTER ACQUIRES AUTO DEALER CUSTOMER TARGETING SPECIALIST AIMLOGIC
US-based automotive credit data provider National Credit Center has acquired Las Vegas-based technology firm AimLogic, the company said.
Developer of the predictive technology suite LogicTargeting, AimLogic provides automotive dealers with specific information enabling them to connect with potential customers in their geographic area that are most likely to purchase a vehicle within the next four to six months.
Status: Closed

-ERP SOFTWARE FIRM PROCESSPRO MERGES INTO OPEN SYSTEMS
Minnesota-based business software provider Open Systems, Inc. has been joined by St. Cloud, Minnesota-based mid-market ERP software company ProcessPro, the company said.
The merger positions ProcessPro to access new markets by expanding its geographical presence and leveraging a large development organization to extend the functionality of the software and remain at the forefront of technology.
Status: Closed

-TRUCK RENTAL SOLUTIONS FIRM UNION LEASING ACQUIRES WALSER LEASING
US-based fleet leasing and management services provider Union Leasing Inc. has acquired US-based leasing and fleet management solutions Walser Leasing (Walser Financial Services), the company said.
The move expands Union Leasing's total service offering while delivering enhanced services, technology and expertise to Walser's current customer base. Union Leasing is a subsidiary of US-based transportation asset services company Sasser Family Holdings Inc.
Status: Closed

-IVANHOE CAMBRIDGE, VERITAS INVESTMENTS PARTNERSHIP ACQUIRES 16 SAN FRANCISCO PROPERTIES FOR USD 200M
Canada-based real estate company Ivanhoé Cambridge and San Francisco-based real estate investment manager Veritas Investments (Veritas) have acquired 16 multifamily properties in San Francisco, for approximately USD 200m, the companies said.
The acquisition continues the execution of a residential property aggregation strategy in San Francisco via the firms' exclusive partnership created in 2014. The partners now jointly own a total of 45 properties, averaging 30 residential housing units per building, including many with ground-floor retail facilities.
Status: Closed

-RESEARCH TECHNOLOGY FIRM FOCUSVISION ACQUIRES KINESIS SURVEY TECHNOLOGIES
US-based market research technology provider FocusVision has acquired US-based online panel management platform Kinesis Survey Technologies, now KinesisPanel, the company said.
The addition of KinesisPanel to FocusVision's suite of quantitative and qualitative research solutions enhances the product options available to both FocusVision and KinesisPanel clients by providing a wider set of fully integrated market research tools with real-time data synchronization into a single panelist database.
Status: Closed

-BIOCLINICA ACQUIRES CLINICAL TRIAL FINANCIAL MANAGEMENT SPECIALIST CLINVERSE
US-based specialty clinical trials services and technology provider Bioclinica, Inc. has acquired US-based clinical trial financial lifecycle manager Clinverse, Inc., the company said. The acquisition expands Bioclinica's offerings into the growing market of automated financial management technology solutions for global clinical trials.
Clinverse is the latest investment that Bioclinica has completed to build the company into a provider of solutions that bring quality and efficiency to every phase of clinical trial development.
Status: Closed

-PLATINUM EQUITY SIGNS DEAL TO ACQUIRE MISSION SUPPORT PROVIDER PAE
US-based private equity firm Platinum Equity has signed a definitive agreement to acquire US-based enduring support provider PAE from US-based private equity firm Lindsay Goldberg, the company said.
Financial terms were not disclosed. The transaction is expected to close by the end of February 2016 subject to regulatory approvals. PAE, headquartered in Arlington, Va., is a provider of enduring support for the essential missions of the US government, its allied partners and international organisations.
Status: Agreed