Deal Pipeline
Monday 23 January 2017
The following is a list of deals covered in detail by M and A Navigator this week:

-CHINA OCEANWIDE, IDG CAPITAL TO BUY US TECH PUBLISHER INTERNATIONAL DATA GROUP
Beijing-based real estate developer China Oceanwide Holdings and Boston-based investment firm IDG Capital plan to acquire agreed to Boston-based tech publisher International Data Group Inc. (IDG), the companies said.
The acquisition of IDG includes its subsidiaries International Data Corp., IDG Communications, and IDG Ventures. Terms of the deal, cleared by the US Committee on Foreign Investment, were not disclosed. The transaction is expected to close in 1Q17. Proceeds from the transaction are expected to go to a foundation to support neuroscience and IT.
Status: Agreed

-EVERBRIDGE ACQUIRES SWEDISH CRISIS MANAGEMENT SYSTEM PROVIDER SVENSK KRISLEDNING
Burlington, Mass.-based software company Everbridge, Inc. (NASDAQ: EVBG) has acquired Sweden-based crisis management system provider Svensk Krisledning AB, the company said.
The deal Svensk's mobile collaboration solution and crisis management product to Everbridge's suite of software safety applications. The company said the transaction is not expected to have a material impact on 2017 revenue or profitability. Svensk Krisledning is now a wholly owned subsidiary of Everbridge, and company employees will remain based in Stockholm.
Status: Closed

-PSIGEN ACQUIRES BUSINESS PROCESS SOFTWARE FIRM CABINET DOCUMENT MANAGEMENT
Irvine, California-based software company Psigen Software, Inc. has acquired Alabama-based business process solution provider Cabinet Document Management Solutions to increase product offerings, the company said.
Psigen said it plans to continue to develop and support Cabinet's flagship product, SAFE, offering the product as on-premise and cloud offerings. The company said employees of both companies would now be employed by Psigen, with most maintaining the same or similar roles.
Status: Closed

-NEJ ACQUIRES MEN'S SPORTSWEAR FIRM BILLS KHAKIS
US-based inventory solutions provider NEJ Inc. has acquired Conn.-based men's sportswear company Bills Khakis from Atlanta-based private equity firm Source Capital, LLC, the company said.
NEJ partnered with Source Capital on the original acquisition of Bills Khakis in December of 2015 and will now fully own and operate the business in Beacon Falls, CT under NEJ's private brands division.
Status: Closed

-HARLEY ELLIS DEVEREAUX ACQUIRES ARCHITECTURE, ENGINEERING FIRM DEEMS LEWIS MCKINLEY
Chicago-based architectural firm Harley Ellis Devereaux (HED) has merged with San Francisco-based architecture and engineering firm Deems Lewis McKinley (DLM) to enhance HED's educational design business, the company said.
The merger, whose terms were not disclosed, is expected to strengthen HED's presence in the K-12 and community education markets, where 95% of DLM's clients are educational institutions. DLM said its staff in San Francisco would relocate to HED's San Francisco office in February. DLM's Sacramento staff will remain in their current office space.
Status: Closed

-FIFTH THIRD BANK ACQUIRES INVESTMENT ADVISOR RETIREMENT CORP OF AMERICA
Cincinnati-based financial services firm Fifth Third Bank (NASDAQ: FITB) has entered into an agreement to acquire Cincinnati-based registered investment adviser (RIA) Retirement Corp. of America, the company said.
Terms of the deal were not disclosed. The transaction is subject to regulatory approval and is expected to close in April. RCA provides retirement education and planning as well as investment management solutions geared toward the needs of retirees.
Status: Closed

-ACCENTURE ACQUIRES AVIATION-FOCUSED CORPORATE ADVISORY SEABURY GROUP
New York-based professional services company Accenture (NYSE: ACN) has signed an agreement to acquire the New York-based corporate advisory firm Seabury Group, the company said.
Seabury's corporate advisory and aviation consulting business will become part of Accenture's global aviation practice. Approximately 120 employees will be joining Accenture.
Status: Closed

-SECHE ENVIRONMENTAL ACQUIRES 3 FRENCH WASTE MANAGEMENT COMPANIES
France-based waste management services company Séché Environnement SA (EN: CCHE) has entered into an agreement to acquire three Western France-based waste management companies belonging to family owned Charier Group's environment division, consolidating its position in Brittany and Pays de Loire regions of France, the company said.
Status: Closed

-PPG ACQUIRES CHINESE AUTOMOTIVE REFINISH COATINGS FIRM FUTIAN XINSHI
Pittsburgh-based paint company PPG (NYSE: PPG) has acquired certain assets of China-based automotive refinish coatings company Futian Xinshi (Futian), the company said.
PPG said the deal enhances its position in the expanding Chinese automotive refinish coatings market The company said privately owned Futian, with approximate sales of USD 15m in 2016, is based in the Guangdong province of China, and distributes its products in China through a network of more than 200 distributors. PPG said it will acquire Futian's trademarks, product technology and customer list.
Status: Closed

-WAVE ACQUIRES WASHINGTON STATE CONNECTIVITY SERVICES FIRM CASCADE NETWORKS
Kirkland, Wash.-based broadband services company Wave has acquired Longview, Wash-based connectivity services provider Cascade Networks, Inc., the company said. This deal adds 350 route miles of fiber to Wave's West Coast network.
The transaction is effective immediately. Financial details were not disclosed. Cascade said the acquisition attaches its network with Wave's 6,000 miles of fiber and leverages the technical and business support infrastructure of Cascade.
Status: Closed

-SYNCHRONOSS COMPLETES TENDER OFFER TO ACQUIRE CLOUD-BASED ENTERPRISE SOFTWARE FIRM INTRALINKS
US-based mobile cloud specialist Synchronoss Technologies, Inc. (NASDAQ: SNCR) has successfully completed its tender offer to acquire all outstanding shares of US-based enterprise collaborative technology specialist Intralinks Holdings, Inc. (NYSE: IL) at a price of USD 13.00 per share in cash, without interest and subject to any required withholding taxes, the company said.
This deal is worth USD 821m. Intralinks has been used by more than 3m professionals at 99% of Fortune 1000 companies, who use the company's platform in enabling transactions and business collaborations around the globe. To date, USD 31.3tn worth of financial transactions have been executed on Intralinks' secure, cloud-based platform, making Intralinks the preferred provider of enterprise collaborative technology.
Status: Agreed

-CA TECHNOLOGIES CLOSES EUR 600M ACQUISITION OF IT AUTOMATION SPECIALIST AUTOMIC
US-based software company CA Technologies (NASDAQ: CA) has completed the acquisition of Austrian business process and IT automation software firm Automic Holding GmbH, the company said.
CA paid EUR 600m (USD 639.81m) for Automic. The company said that the acquisition broadens its solution set to better enable customers to drive digital transformation across their organisations. Adding Automic adds new cloud-enabled automation and orchestration capabilities across CA's portfolio and increases its global reach. Automic's European presence, coupled with CA's portfolio, offers customers a solution that complements existing technology investments and addresses the challenges of automation across the enterprise.
Status: Closed

-INTRICON EXERCISES OPTION TO ACQUIRE REMAINING STAKE IN HEARING HELP EXPRESS
Minnesota-based micro-miniature body-worn device maker IntriCon Corp. (NASDAQ: IIN) has exercised its option to acquire the remaining 80% stake in US-based direct-to-consumer mail order hearing aid provider Hearing Help Express, the company said.
Terms of the transaction include USD 650,000 in cash, guaranty of HHE's USD 2m note and an earn-out. The deal is expected to close in the first half of 2017, subject to customary closing conditions. Last October, IntriCon acquired a 20% stake in Hearing Help Express for USD 1.3m.
Status: Agreed

-HFF CLOSES ACQUISITION OF UK REAL ESTATE ADVISORY LEON PARTNERS
Pennsylvania-based commercial real estate services provider HFF, Inc. (NYSE: HF) (HFF) has closed the acquisition of London, England-based real estate advisory firm Leon Partners Ltd., the company said.
HFF's London office is expected to offer a range of commercial real estate capital markets transaction services in the UK, including investment banking/corporate finance, investment transactions and debt and equity placement. Leon Partners is an independent real estate advisory firm which advises clients on complex real estate and corporate M/A transactions, provides introductions to private capital investors and prepares companies to access the public capital markets primarily in the UK and Ireland.
Status: Closed

-JP ENERGY PARTNERS SCHEDULES 7 MARCH UNITHOLDER VOTE ON USD 2BN AMERICAN MIDSTREAM BUYOUT
Unitholders of midstream energy company JP Energy Partners LP (NYSE: JPEP) will vote on 7 March on whether to approve the company's agreed deal to be acquired by US-based midstream energy MLP American Midstream Partners, LP (NYSE: AMID), the company said.
The companies announced their agreement to merge last October. In conjunction with the transaction, ArcLight Capital Partners, LLC, the sponsor of both American Midstream and JP Energy, will combine the general partners of the two companies. The combined partnership will have an estimated enterprise value of USD 2bn.
Status: Agreed

-MARKET TRACK ACQUIRES NIELSEN CANADA'S AD INTELLIGENCE SERVICE
US-based advertising, e-commerce, brand protection and promotional intelligence solutions company Market Track, LLC has acquired assets of Nielsen Canada's Ad Intelligence Service, the company said.
This asset acquisition further positions Market Track to offer a comprehensive view of the media landscape to Canadian clients, allowing customers to optimise their advertising strategy and increase their return on advertising investment. As an addition to Market Track's portfolio of services, AIS will provide clients with data to compare activity across media categories, allowing clients to tap into historical data by company, category, brand, media and many other categories.
Status: Closed

-BERRY PLASTICS GROUP CLOSES USD 765M ACQUISITION OF US PACKAGING FIRM AEP INDUSTRIES
Indiana-based plastic packaging maker Berry Plastics Group, Inc. (NYSE: BERY) has closed the acquisition of all outstanding shares of New Jersey-based flexible plastic packaging films maker AEP Industries Inc. (NASDAQ: AEPI) in a cash and stock merger transaction, the company said.
Aggregate consideration was USD 765m, including AEP's net debt. Each AEP shareholder elected to receive either USD 110 in cash or 2.5011 shares of Berry common stock per AEP share in the transaction. With the closing, AEP shareholders own approximately 5% of Berry on a fully diluted basis. AEP makes flexible plastic packaging films in North America. Headquartered in Montvale, New Jersey, it operates 14 manufacturing facilities in the United States and Canada and has 2,600 employees.
Status: Closed

-YTECH ACQUIRES BANKUNITED OFFICE BUILDING IN MIAMI
US-based real estate investment and development company Ytech International's 1428 Brickell, LLC investment affiliate has acquired the BankUnited Office Building located at 1428 Brickell Avenue in Miami, the company said. Ytech said that this is one of most desirable development properties remaining in Miami's financial district.
The purchase, which includes USD 26.5m for the real estate, plus "tens of millions of dollars more" to settle claims and non-real estate matters, is the final step in a series of transactions that brings an end to years of high-profile litigation and threats of foreclosure, according to Yamal Yidios, the 34-year-old founder and sole owner of Ytech.
Status: Closed

-US WHOLESALER STIEONE LANDSCAPE SUPPLY ACQUIRES ASPEN VALLEY LANDSCAPE SUPPLY
US-based landscape supplies distributor SiteOne Landscape Supply, Inc. (NYSE: SITE) has acquired US-based Aspen Valley Landscape Supply, Inc., the company said.
Started in 1987, Aspen Valley has three locations in the Chicago metropolitan area and is in the distribution of hardscapes and landscape supplies to the professional market. SiteOne Landscape Supply is the largest and only national wholesale distributor of landscape supplies in the United States and has a presence in Canada.
Status: Closed

-FRANCISCO PARTNERS CLOSES SALE OF SOURCE PHOTONICS TO REDVIEW CAPITAL, ASIA-IO
US-based private equity firm Francisco Partners has closed the sale of optical components and modules provider Source Photonics to a private equity consortium led by Redview Capital and Asia-IO, the firm said.
The consortium also had participation from investors including TR Capital, Axiom Asia and Aberdeen Asset Management. Source Photonics is a global provider of communications and data connectivity components and modules in next-generation datacenters, mobile and fixed-line networks. The company was originally acquired by Francisco Partners in October 2010 as a carve-out from MRV Communications.
Status: Closed

-PROVISO CAPITAL BUYS IT SERVICES FIRM KERR CONSULTING
US-based mergers and acquisitions advisor Generational Equity's client, US-based IT services firm Cache Inc. dba Kerr Consulting of The Woodlands, Texas, has been acquired by Proviso Capital of New York City, the company said.
Founded in 1987, Kerr Consulting (Kerr) is a full-service provider of IT services including accounting and enterprise resource planning solutions, along with customer relationship management (CRM) and human resources software. Kerr's client base is global, with more than 2,200 clients in all 50 states and more than 20 countries; Kerr serves its clients through ten offices across the United States.
Status: Closed

-BRADFORD EQUITIES MANAGEMENT BUYS US VALVE MANUFACTURER UNITED BRAS WORKS
US-based mergers and acquisitions advisor Generational Equity's client, US-based valve manufacturer United Brass Works, has been acquired by Bradford Equities Management, the company said.
United Brass Works is a 107-year-old manufacturer of bronze, ductile iron, and carbon steel valves used in a range of applications. The company, which started out manufacturing steam valves and components for steam equipment, has grown into a world-class manufacturer serving the general industrial, fire protection and sprinkler, contract cast and machined, and electrical transformer industries, among others.
Status: Closed

-ROMANIAN CYBER SECURITY FIRM BITDEFENDER ACQUIRES FRENCH PARTNER PROFIL TECHNOLOGY
Romanian security software solutions provider Bitdefender has acquired France-based Profil Technology, the company said.
The acquisition will be the largest in Bitdefender's 15-year history. Bitdefender said its consolidated positioning in France will help the company grow its share of the French enterprise and consumer markets, with a team of 50 sales and marketing professionals and a French-speaking support organisation.
Status: Closed

-BRANDSTAR ACQUIRES FLORIDA SOCIAL MEDIA AGENCY MEDIA CONNECT PARTNERS
US-based content marketing and customer experience agency BrandStar has acquired Florida, US-based social media agency Media Connect Partners LLC, the firm said. BrandStar said the merger will broaden both companies' scope and expertise, thus increasing their overall value to brand partners.
The social media team at Media Connect Partners has clients in four continents, serving business verticals including entertainment, publishing, non-profit, consumer brands, faith and education.
Status: Closed

-L CATTERTON LEADS ACQUISITION OF SWIMMING POOL AND SPA SUPPLIES RETAILER LESLIE'S
A group led by private equity firm L Catterton has entered into a definitive agreement to acquire swimming pool and spa supplies retailer Leslie's Holdings, Inc., the firm said. An affiliate of GIC, a global investment firm and Singapore's sovereign wealth fund, will also make a substantial investment alongside L Catterton. Terms of the transaction were not disclosed.
Founded in 1963 as a one-man pool supply operation in North Hollywood, Leslie's has grown to become the world's largest retailer of swimming pool and spa supplies, with more than 890 retail stores in 35 states and a robust omni-channel platform. L Catterton has experience investing in specialty retail brands including Restoration Hardware, Sweaty Betty, Peloton, PIRCH, Hanna Andersson, Pinarello and Baccarat.
Status: Agreed

-Q4 ACQUIRES SHAREHOLDER ID AND MARKET INTELLIGENCE SOLUTIONS FIRM CAPMARK
US-based cloud-based investor relations and capital market solutions company Q4 Inc has acquired US-based shareholder ID and market intelligence specialist CapMark Clarity, the company said. CapMark Clarity will be merged into Q4's intelligence division, and Amit Sanghvi, CEO of CapMark Clarity, will join as senior director, international advisory.
With more than a decade of experience, CapMark Clarity set a new standard for traditional investor relations services in Europe. CapMark Clarity introduced its proprietary market intelligence technology and shareholder ID solutions to the market in 2012 and established itself as an innovative shareholder ID provider in Europe and AsiaPacific.
Status: Closed

-SYCAMORE NAMED 'STALKING HORSE' BIDDER AS US RETAILER LTD STORES FILES FOR CHAPTER 11 PROTECTION
US-based retail store operator Ltd. Stores, LLC has filed a voluntary petition for relief under chapter 11 of the United States Bankruptcy Code, the company said.
Concurrently, the company announced that it has entered into an asset purchase agreement with an affiliate of private equity firm Sycamore Partners to acquire the company's intellectual property and certain related assets pursuant to Section 363 of the Bankruptcy Code, subject to the receipt of higher or better offers. The ultimate outcome of the filing and any asset sale is subject to the oversight and approval of the Bankruptcy Court.
Status: Agreed

-XG TECHNOLOGY PAYS OFF DEBT FROM USD 3M ACQUISITION OF INTEGRATED MICROWAVE TECHNOLOGIES
US-based critical wireless communications provider xG Technology, Inc. (NASDAQ: XGTI) has paid off debt incurred from the acquisition of US-based digital microwave video systems provider Integrated Microwave Technologies and earlier than required in the original acquisition agreement, the company said.
Last January, xG Technology acquired the assets of Integrated Microwave Technologies from US-based private investment firm Skyview Capital for USD 3m. The purchase price reflected a combination of cash and long-term debt. xG subsequently recorded a bargain purchase gain on the acquisition of approximately USD 2.7m after receiving an independent valuation of the assets acquired.
Status: Closed

-INTANDEM CAPITAL PARTNERS ACQUIRES, CONSOLIDATES TWO PRIMARY CARE CLINIC COMPANIES
US-based healthcare services focused private equity firm InTandem Capital Partners, LLC has acquired US-based healthcare centre operators Cano Health and Comfort Health, the firm said. The combined companies, both located in South Florida, will operate under the Cano Health brand.
InTandem Capital said its goal is to create a regional consolidator in primary care committed to clinical excellence and efficient operation that caters to all demographics. Cano Health is an operator of "Primary Care Plus" healthcare centres.
Status: Closed

-ELECTRICAL COMPONENTS INTERNATIONAL TO ACQUIRE WIRE HARNESS SUPPLIER FARGO ASSEMBLY
US-based private equity firm KPS Capital Partners, LP's portfolio company, US-based wire harness manufacturer Electrical Components International, Inc. has entered into a definitive agreement to acquire US-based wire harness supplier Fargo Assembly Co and certain of its affiliates, the firm said.
ECI is the world's largest manufacturer of wire harnesses and value-added assembly services for consumer appliance and specialty-industrial applications. The company makes products for a range of electronic and electro-mechanical applications for customers worldwide in a range of end-markets, including home appliances, agriculture and construction, heating, ventilation and air conditioning, specialty transportation, automotive, commercial appliance, and commercial electronics.
Status: Agreed

-COEUR TO SELL ARGENTINA'S JOAQUIN PROJECT TO PAN AMERICAN SILVER IN USD 25M DEAL
US-based precious metals mining company Coeur Mining, Inc. (NYSE: CDE) and Canadian silver miner Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAA) have inked a definitive agreement under which Pan American will acquire 100% of Coeur's Joaquin project, located in the Santa Cruz province of southern Argentina, the companies said.
Under the terms of the agreement, consideration payable to Coeur will include USD 15m in cash and USD 10m in Pan American stock. Coeur will also retain a 2.0% net smelter returns royalty on the Joaquin project. The transaction is expected to close in 1Q17, subject to customary closing conditions.
Status: Agreed

-SUSSMAN EDUCATION'S LIGHTSWITCH LEARNING DIVISION ACQUIRES SCOBRE PRESS
US-based K-12 publisher and sales organisation Lightswitch Learning has acquired educational publisher Scobre Press, the company said.
A publisher of fiction and nonfiction devoted to serving striving readers, Scobre Press has a catalog of more than 100 fiction and nonfiction titles that students from grades four and up have enjoyed for over 15 years. Lightswitch Learning plans to continue the Scobre tradition of producing high-quality books that young people want to read, and that are accessible to students reading below level, by releasing eight new titles from Scobre in the Fall of 2017.
Status: Closed

-HENRY SCHEIN CLOSES ACQUISITION OF MAJORITY STAKE IN BRAZIL'S DENTAL CREMER
US-based health care products and services provider Henry Schein, Inc. (NASDAQ: HSIC) has closed the acquisition of a majority ownership interest in Dental Cremer S.A., a distributor of dental supplies and equipment in Brazil, the company said.
This deal was announced last February. Headquartered in Blumenau, Brazil, Dental Cremer is the dental distribution business of Cremer S.A. With 2015 sales of approximately USD 70m, Dental Cremer serves approximately 60,000 dental practitioners across Brazil and has approximately 530 team members.
Status: Closed