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Deal Pipeline
Wednesday 08 June 2016
The following is a list of deals covered in detail by M and A Navigator this week:
-US INSURANCE BROKER BOLTON ACQUIRES PORTION OF INASSIST'S EMPLOYEE BENEFITS BUSINESS
US-based insurance broker Bolton and Company has acquired a portion of the corporate employee benefits business of Torrance, California-based healthcare technology provider inAssist Health Management Solutions, the company said.
As part of the acquisition, Bolton will expand its operations into Torrance, and members of inAssist's employee benefits team will join the firm.
Status: Closed
-US DISASTER RECOVERY SPECIALIST BELFOR BUYS DENMARK'S ROSVA
US-based disaster recovery provider Belfor has acquired 100% of Denmark-based restoration service provider Røsva Skadeservice Company, the company said. This initial move into Europe's northernmost area is the first in a region where Belfor is targeting expansion and further investment in the near future.
With more than 7.000 employees in over 300 locations in now 27 countries, Belfor's geographic coverage exceeds more than 90% of global insured markets.
Status: Closed
-COMMAND CENTER ACQUIRES TEMPORARY STAFFING SPECIALIST HANCOCK
US-based staffing center Command Center, Inc. (OTCQB: CCNI) has acquired substantially all of the assets of US-based temporary staffing company Hancock Staffing, the company said. Command Center said it paid for the acquisition with cash on hand.
Included in the assets obtained by Command Center were the accounts receivable of Hancock Staffing as of the time of closing.
Status: Closed
-TELERENT LEASING ACQUIRES CALIFORNIA AV INTEGRATOR DIGITAL NETWORKS GROUP
Raleigh, North Carolina-based visual communications solutions provider Telerent Leasing Corp. has agreed to acquire California-based custom AV integrator Digital Networks Group, Inc., the company said.
Telerent provides hospital television, display and signage system integration services in the healthcare market with a customer base that covers more than 40% of US hospitals. Investment in DNG will enhance Telerent's audio visual related integration capabilities which are currently provided by Avidex, a division that was acquired in 2012.
Status: Closed
-SOLITARIO BUYS NSR ROYALTY ON PROSPECTIVE PROPERTIES IN MONTANA, USA
US-based exploration and royalty company Solitario Exploration and Royalty Corp. (NYSE MKT: XPL) (TSX: SLR) has purchased a 1.5% Net Smelter Return (NSR) royalty on 15,831 acres of prospective mineral properties in Montana, the company said.
The royalties were purchased from Atna Resources Inc. as part of its Chapter 11 bankruptcy auction process. In 2012, Atna evaluated the mineral potential on approximately 830,000 acres of mineral rights that it held in western Montana to create a portfolio of NSR royalty properties.
Status: Closed
-ASPENTECH ACQUIRES ASSET RELIABILITY SOFTWARE SPECIALIST FIDELIS GROUP
US-based software and services provider Aspen Technology, Inc. (NASDAQ: AZPN) has acquired Lake Jackson, Texas-based asset reliability software provider Fidelis Group, LLC, the company said. Companies use Fidelis software to predict and optimise asset performance and to mitigate risk and achieve significant capital expense savings and increased availability.
The acquisition supports AspenTech's increased focus on asset optimisation, by enabling customers to optimize the design, operation and maintenance of their assets throughout the asset lifecycle.
Status: Closed
-MIDIGATOR ACQUIRES CHARGEBACK PREVENTER B4 ENTERPRISES
US-based chargeback mitigation technology developer Midigator LLC has acquired US-based chargeback prevention technology reseller B4 Enterprises Inc., the company said. The acquisition of B4 Enterprises offers Midigator access to more useful data that supplements its world-class prevention technology, with features such as interactive and real-time analytics.
It also enables B4's clients to utilise Midigator's renowned chargeback representment technology, which has the industry leading success rate in recovering revenue.
Status: Closed
-REVLON ACQUIRES BEAUTY PRODUCTS FIRM COTY'S AUSTRALIA, UK CUTEX BUSINESS
US-based beauty and personal care maker Revlon, Inc. (NYSE: REV) has acquired US-based beauty products maker Coty Inc.'s (NYSE: COTY) international Cutex businesses, which primarily operates in Australia and the UK, the company said.
With this acquisition, Revlon completed the global consolidation of the Cutex brand's worldwide operations under Revlon management.
Status: Closed
-GUILD MORTGAGE ACQUIRES TEXAS-BASED AMERIPRO HOME LOANS
San Diego, California-based financing company Guild Mortgage Co. has reached an agreement to acquire Austin, Texas-based mortgage provider AmeriPro Home Loans, the company said. AmeriPro has 29 branches and posted USD 750m in loan volume in 2015.
The transaction is expected to close July 1. The acquisition will add new Guild branches in Oklahoma, Florida, Colorado, California and Utah. AmeriPro was founded in 2003. Since 2008, it has been a subsidiary of Tenura Holdings, Inc., an Austin-based investor in realty, title and insurance companies.
Status: Closed
-VONAGE HOLDINGS CLOSES USD 230M ACQUISITION OF CPAAS FIRM NEXMO
US-based communications company Vonage Holdings Corp. (NYSE: VG) has closed the acquisition of privately-held Communications Platform as a Service (CPaas) cloud communications firm Nexmo, Inc. for USD 230m in cash and stock, the company said.
Nexmo is the world's second largest CPaaS company as measured by revenues.
Status: Closed
-SEACOAST BANKING CLOSES ACQUISITION OF ORLANDO, FLORIDA BANKING OPERATIONS OF BMO HARRIS
Florida, US-based bank holding company Seacoast Banking Corp. of Florida (NASDAQ: SBCF) has closed the acquisition of the Orlando banking operations of BMO Harris Bank N.A. including BMO's 14 Orlando branches, the company said.
The acquisition includes all of BMO's retail branches and the associated consumer and small business deposit accounts as well as BMO's business banking deposit and loan accounts in the Orlando MSA, and adds approximately USD 314m in deposits and approximately USD 64m in loans.
Status: Closed
-TUNNEL HILL PARTNERS BUYS CERTAIN CONNECTICUT, NY OPERATIONS FROM CITY CARTING
US-based waste-by-rail service provider Tunnel Hill Partners has closed its acquisition the Connecticut and Somers, New York operations of City Carting Holding Co., the company said.
The assets joining Tunnel Hill Partners consist of collection and hauling operations of municipal solid waste, construction and demolition debris, and recyclables for commercial, industrial, residential and municipal customers; four transfer stations and one material recovery facility; and management contracts for five municipal transfer stations.
Status: Closed
-HELIOS AND MATHESON ANALYTICS TO MERGE WITH CRIME, NAV APP DEVELOPER ZONE TECHNOLOGIES
US-based advanced analytics and data visualisation solutions company Helios and Matheson Analytics Inc. (NASDAQ: HMNY) and US-based real-time crime and navigation map application developer Zone Technologies, Inc. plan to merge, the companies said.
With the new partnership, Helios and Matheson plans to leverage its artificial intelligence capabilities and deep learning and analytics expertise to enable RedZone Maps to further expand its crime mapping capabilities globally.
Status: Agreed
-CONTRACT RESEARCH ORGANISATION BIODURO RELAUNCHES FOLLOWING MERGER
US-based contract research organisation BioDuro, LLC has launched the BioDuro organisation, having merged with Formex, the company said.
BioDuro said that the merger makes it an end-to-end solution provider for integrated drug discovery and development, API synthesis and optimisation, formulation and cGMP manufacture of drug products. The company has laboratories in San Diego, Beijing and Shanghai.
Status: Closed
-NOWNEWS DIGITAL MEDIA TO BUY STAKE IN LAO CONSTRUCTION BANK
US-based contract research organisation BioDuro, LLC has launched the BioDuro organisation, having merged with Formex, the company said.
BioDuro said that the merger makes it an end-to-end solution provider for integrated drug discovery and development, API synthesis and optimisation, formulation and cGMP manufacture of drug products. The company has laboratories in San Diego, Beijing and Shanghai.
Status: Agreed
-SCRIPPS ACQUIRES STITCHER PODCAST PLATFORM FOR USD 4.5M IN CASH
US-based media company The E.W. Scripps Co (NYSE: SSP) has acquired French podcast listening service Stitcher, the company said.
Stitcher facilitates discovery and streaming for more than 65,000 podcasts to 8 m registered users. It is one of the more established and popular streaming audio listening brands. Stitcher is accessible via free iPhone and Android apps, on the dashboard of more than 50 car models and online. Stitcher will operate as part of Midroll Media, a podcast firm that was acquired by Scripps in July 2015.
Status: Closed
-CENTAURI HEALTH SOLUTIONS ACQUIRES CLOUD PRODUCTS SPECIALIST IMI HEALTH
US-based healthcare solutions company Centauri Health Solutions, Inc. has acquired Nashville-based cloud-based products provider IMI Health, the company said.
Centauri said that the addition of IMI will grow the offerings Centauri brings the healthcare industry. The acquisition also continues Centauri's growth in Nashville. Founded in 2014, Centauri offers services, private cloud-based software solutions and data management to help health plans and at-risk providers close risk adjustment and quality care gaps.
Status: Closed
-CHINA'S QINGDAO HAIER CLOSES USD 5.4BN ACQUISITION OF GE APPLIANCES BUSINESS
Chinese home appliance provider Haier Group's 41% owned Qingdao Haier Co., Ltd. subsidiary has acquired US-based industrial company General Electric's (NYSE: GE) GE Appliances business as part of a larger agreement between Haier and GE to cooperate globally, the companies said.
Qingdao Haier acquired all overseas operations of Haier Group in June 2015, as part of the expansion of Haier's global business. As part of the acquisition, GE will receive a cash consideration from Qingdao Haier of USD 5.4bn.
Status: Closed
-RTI INTERNATIONAL ACQUIRES CANADIAN "ORCHESTRATION FIRM" SYNTEGRITY GROUP
US-based nonprofit research institute RTI International has acquired Canadian "orchestration firm" Syntegrity Group, RTI said.
Syntegrity uses a non-consulting, proprietary large group method that orchestrates large groups of carefully chosen people face-to-face over two to three days. Leaders across Fortune 20 and 500 companies, governments and large nongovernmental organisations leverage Syntegrity's methods.
Status: Closed
-WALKER AND DUNLOP TO ACQUIRE USD 3.8BN HUD SERVICING PORTFOLIO FOR USD 45M
US-based commercial real estate finance company Walker and Dunlop, Inc. (NYSE: WD) has agreed to purchase the commercial mortgage servicing rights associated with a USD 3.8bn servicing portfolio from Oppenheimer Holdings Inc.'s (NYSE: OPY) Oppenheimer Multifamily Housing and Healthcare Finance, Inc. subsidiary, the company said.
The portfolio is comprised of over 480 multifamily and healthcare loans insured by the US Department of Housing and Urban Development. This acquisition is expected to close on 20 June 2016 making Walker and Dunlop the largest HUD Multifamily/Healthcare servicer in the US.
Status: Agreed
-WASSERSTEIN ACQUIRES SPECIALTY PUBLISHING FIRM NORTHSTAR TRAVEL GROUP
US-based investment firm Wasserstein Partners has acquired New Jersey-based business-to-business information provider Northstar Travel Group from the New York City-based private equity firm Wicks Group of Companies, the company said.
Northstar is the owner of Travel Weekly, TravelAge West, Business Travel News, Successful Meetings, Meetings and Conventions, Travel Weekly China, Incentive, M/C China and Web in Travel. The Northstar Travel Group provides business-to-business news, information, data, software, and custom content solutions for the travel, meetings and hospitality industries.
Status: Closed
-PREMIER TO ACQUIRE SPECIALTY PHARMACY BUSINESS FROM LINCARE HOLDINGS FOR USD 75M
US-based healthcare improvement company Premier Inc. (NASDAQ: PINC) has agreed to acquire the national specialty pharmacy business of Clearwater, Florida-based oxygen and respiratory provider Lincare Holdings Inc., for USD 75m, the company said.
The acquisition includes US-based therapy management provider Acro Pharmaceutical Services LLC and US-based pharmaceutical preparations company Community Pharmacy Services, LLC, which will be integrated into Premier's existing specialty pharmacy business as part of Premier's supply chain services segment.
Status: Agreed
-COM HEM ACQUIRES PAY TV OPERATOR BOXER SWEDEN
Sweden-based broadband provider Com Hem Holding AB has entered into an agreement to acquire Sweden-based digital terrestrial television (DTT) network's pay TV operator Boxer TV-Access AB (Boxer) for an enterprise value of USD 191.3m (SEK 1.55bn), the company said.
Boxer TV-Access AB is a wholly owned subsidiary of Sweden-based broadcasting network services provider Teracom Boxer Group AB. The acquisition will be financed by a new three-year SEK 800m credit facility with Swedbank AB and existing unutilised credit facilities.
Status: Closed
-MONTERRO INVESTS IN SWEDISH SOFTWARE FIRM HYPERGENE
Sweden-based software company investor Monterro, through its Monterro 2 fund, has acquired 60% of the Swedish software company Hypergene, the company said.
Hypergene develops and delivers a web-based planning, monitoring and analysis product. It includes solutions for three distinctive segments, Performance Management, Budget/Forecast and Analytics and Reporting. The company's customers are public organizations and private companies mainly in Sweden.
Status: Closed
-ARCUS HUNTING ACQUIRES HUNTING ARROW ACCESSORIES FIRM TROPHY TAKER
New York-based equity fund Bregal Partners Co's US-based Arcus Hunting, LLC acquisition company has completed its acquisition of hunting arrow accessory provider Trophy Taker, Inc., the company said.
Trophy Taker marks Arcus Hunting's fifth investment in the archery space since November 2014. Trophy Taker is a designer, sourcer, and marketer of arrow rests and broadheads as well as related accessories. The company was founded in 1997 and released the very first Trophy Taker arrow rest utilizing a fall-away design.
Status: Closed
-STAFFING FIRM AMN HEALTHCARE ACQUIRES PEAK HEALTH SOLUTIONS
US-based workforce solutions and staffing services company AMN Healthcare has acquired Tennessee-based health information management services company Peak Health Solutions, the company said.
Peak Health Solutions is currently generating annualised revenue of approximately USD 33m and an adjusted EBITDA margin of greater than 15%. The acquisition is expected to be immediately accretive to AMN's earnings per share. The acquisition was funded out of cash on hand and borrowings under the company's existing revolving credit facility.
Status: Closed
-SPECIALTY RENTAL FIRM CAHILL SERVICES ACQUIRES DRIVE RENTAL
Houston, Texas-based specialty rental services business Cahill Services, LLC has acquired Canada-based flameless heating rental business Drive Rental Corp., the company said.
Headquartered in Alberta, Canada, Drive Rental will rebrand and operate as Cahill Heating. It currently serves more than 100 customers from its locations in Leduc, Alberta and Anzac, Alberta in Canada and Prudhoe Bay, in Alaska.
Status: Closed
-CUSHMAN AND WAKEFIELD ACQUIRES ATLANTA APARTMENT BROKER MULTI HOUSING
US-based real estate services provider Cushman and Wakefield has acquired Atlanta-based apartment brokerage service provider Multi Housing Advisors, the company said. With the addition of MHA, Cushman and Wakefield now commands 23.8% of multifamily investment sales in the Southeast, year-to-date.
The combined firms, with nearly USD 3bn in transactions, captured 20% of 2015 Southeast multifamily sales. MHA cofounders Josh Goldfarb and Marc Robinson will serve as Cushman and Wakefield's US multifamily leaders and will be based in Atlanta and Charlotte.
Status: Closed
-MOORGATE CAPITAL PARTNERS ACQUIRES US BROADBAND PROVIDER ITC SERVICE GROUP
An affiliate of US-based technology-focused middle market merchant bank Moorgate Capital Partners, LLC has partnered with management to acquire the assets of US-based broadband services provider ITC Service Group, Inc. from its founding shareholders, the company said.
Tim Sauer, ITC's founder, will remain an owner and president of ITC. Debt financing for the transaction was provided by Credit Suisse Park View BDC, Inc., QS Capital Strategies L.P. (Quilvest), and California Bank and Trust.
Status: Closed
-ARTHUR J GALLAGHER ACQUIRES ASHMORE AND ASSOCIATES INSURANCE AGENCY
US-based insurance brokerage Arthur J. Gallagher and Co. (NYSE: AJG) has acquired Lubbock, Texas-based retail insurance broker Ashmore and Associates Insurance Agency, Inc., the company said.
Founded in 1984, Ashmore provides property/casualty, employee benefits consulting, and risk management insurance services for its commercial and personal lines clients in the central United States.
Status: Closed
-US INSURANCE BROKER BOLTON ACQUIRES PORTION OF INASSIST'S EMPLOYEE BENEFITS BUSINESS
US-based insurance broker Bolton and Company has acquired a portion of the corporate employee benefits business of Torrance, California-based healthcare technology provider inAssist Health Management Solutions, the company said.
As part of the acquisition, Bolton will expand its operations into Torrance, and members of inAssist's employee benefits team will join the firm.
Status: Closed
-US DISASTER RECOVERY SPECIALIST BELFOR BUYS DENMARK'S ROSVA
US-based disaster recovery provider Belfor has acquired 100% of Denmark-based restoration service provider Røsva Skadeservice Company, the company said. This initial move into Europe's northernmost area is the first in a region where Belfor is targeting expansion and further investment in the near future.
With more than 7.000 employees in over 300 locations in now 27 countries, Belfor's geographic coverage exceeds more than 90% of global insured markets.
Status: Closed
-COMMAND CENTER ACQUIRES TEMPORARY STAFFING SPECIALIST HANCOCK
US-based staffing center Command Center, Inc. (OTCQB: CCNI) has acquired substantially all of the assets of US-based temporary staffing company Hancock Staffing, the company said. Command Center said it paid for the acquisition with cash on hand.
Included in the assets obtained by Command Center were the accounts receivable of Hancock Staffing as of the time of closing.
Status: Closed
-TELERENT LEASING ACQUIRES CALIFORNIA AV INTEGRATOR DIGITAL NETWORKS GROUP
Raleigh, North Carolina-based visual communications solutions provider Telerent Leasing Corp. has agreed to acquire California-based custom AV integrator Digital Networks Group, Inc., the company said.
Telerent provides hospital television, display and signage system integration services in the healthcare market with a customer base that covers more than 40% of US hospitals. Investment in DNG will enhance Telerent's audio visual related integration capabilities which are currently provided by Avidex, a division that was acquired in 2012.
Status: Closed
-SOLITARIO BUYS NSR ROYALTY ON PROSPECTIVE PROPERTIES IN MONTANA, USA
US-based exploration and royalty company Solitario Exploration and Royalty Corp. (NYSE MKT: XPL) (TSX: SLR) has purchased a 1.5% Net Smelter Return (NSR) royalty on 15,831 acres of prospective mineral properties in Montana, the company said.
The royalties were purchased from Atna Resources Inc. as part of its Chapter 11 bankruptcy auction process. In 2012, Atna evaluated the mineral potential on approximately 830,000 acres of mineral rights that it held in western Montana to create a portfolio of NSR royalty properties.
Status: Closed
-ASPENTECH ACQUIRES ASSET RELIABILITY SOFTWARE SPECIALIST FIDELIS GROUP
US-based software and services provider Aspen Technology, Inc. (NASDAQ: AZPN) has acquired Lake Jackson, Texas-based asset reliability software provider Fidelis Group, LLC, the company said. Companies use Fidelis software to predict and optimise asset performance and to mitigate risk and achieve significant capital expense savings and increased availability.
The acquisition supports AspenTech's increased focus on asset optimisation, by enabling customers to optimize the design, operation and maintenance of their assets throughout the asset lifecycle.
Status: Closed
-MIDIGATOR ACQUIRES CHARGEBACK PREVENTER B4 ENTERPRISES
US-based chargeback mitigation technology developer Midigator LLC has acquired US-based chargeback prevention technology reseller B4 Enterprises Inc., the company said. The acquisition of B4 Enterprises offers Midigator access to more useful data that supplements its world-class prevention technology, with features such as interactive and real-time analytics.
It also enables B4's clients to utilise Midigator's renowned chargeback representment technology, which has the industry leading success rate in recovering revenue.
Status: Closed
-REVLON ACQUIRES BEAUTY PRODUCTS FIRM COTY'S AUSTRALIA, UK CUTEX BUSINESS
US-based beauty and personal care maker Revlon, Inc. (NYSE: REV) has acquired US-based beauty products maker Coty Inc.'s (NYSE: COTY) international Cutex businesses, which primarily operates in Australia and the UK, the company said.
With this acquisition, Revlon completed the global consolidation of the Cutex brand's worldwide operations under Revlon management.
Status: Closed
-GUILD MORTGAGE ACQUIRES TEXAS-BASED AMERIPRO HOME LOANS
San Diego, California-based financing company Guild Mortgage Co. has reached an agreement to acquire Austin, Texas-based mortgage provider AmeriPro Home Loans, the company said. AmeriPro has 29 branches and posted USD 750m in loan volume in 2015.
The transaction is expected to close July 1. The acquisition will add new Guild branches in Oklahoma, Florida, Colorado, California and Utah. AmeriPro was founded in 2003. Since 2008, it has been a subsidiary of Tenura Holdings, Inc., an Austin-based investor in realty, title and insurance companies.
Status: Closed
-VONAGE HOLDINGS CLOSES USD 230M ACQUISITION OF CPAAS FIRM NEXMO
US-based communications company Vonage Holdings Corp. (NYSE: VG) has closed the acquisition of privately-held Communications Platform as a Service (CPaas) cloud communications firm Nexmo, Inc. for USD 230m in cash and stock, the company said.
Nexmo is the world's second largest CPaaS company as measured by revenues.
Status: Closed
-SEACOAST BANKING CLOSES ACQUISITION OF ORLANDO, FLORIDA BANKING OPERATIONS OF BMO HARRIS
Florida, US-based bank holding company Seacoast Banking Corp. of Florida (NASDAQ: SBCF) has closed the acquisition of the Orlando banking operations of BMO Harris Bank N.A. including BMO's 14 Orlando branches, the company said.
The acquisition includes all of BMO's retail branches and the associated consumer and small business deposit accounts as well as BMO's business banking deposit and loan accounts in the Orlando MSA, and adds approximately USD 314m in deposits and approximately USD 64m in loans.
Status: Closed
-TUNNEL HILL PARTNERS BUYS CERTAIN CONNECTICUT, NY OPERATIONS FROM CITY CARTING
US-based waste-by-rail service provider Tunnel Hill Partners has closed its acquisition the Connecticut and Somers, New York operations of City Carting Holding Co., the company said.
The assets joining Tunnel Hill Partners consist of collection and hauling operations of municipal solid waste, construction and demolition debris, and recyclables for commercial, industrial, residential and municipal customers; four transfer stations and one material recovery facility; and management contracts for five municipal transfer stations.
Status: Closed
-HELIOS AND MATHESON ANALYTICS TO MERGE WITH CRIME, NAV APP DEVELOPER ZONE TECHNOLOGIES
US-based advanced analytics and data visualisation solutions company Helios and Matheson Analytics Inc. (NASDAQ: HMNY) and US-based real-time crime and navigation map application developer Zone Technologies, Inc. plan to merge, the companies said.
With the new partnership, Helios and Matheson plans to leverage its artificial intelligence capabilities and deep learning and analytics expertise to enable RedZone Maps to further expand its crime mapping capabilities globally.
Status: Agreed
-CONTRACT RESEARCH ORGANISATION BIODURO RELAUNCHES FOLLOWING MERGER
US-based contract research organisation BioDuro, LLC has launched the BioDuro organisation, having merged with Formex, the company said.
BioDuro said that the merger makes it an end-to-end solution provider for integrated drug discovery and development, API synthesis and optimisation, formulation and cGMP manufacture of drug products. The company has laboratories in San Diego, Beijing and Shanghai.
Status: Closed
-NOWNEWS DIGITAL MEDIA TO BUY STAKE IN LAO CONSTRUCTION BANK
US-based contract research organisation BioDuro, LLC has launched the BioDuro organisation, having merged with Formex, the company said.
BioDuro said that the merger makes it an end-to-end solution provider for integrated drug discovery and development, API synthesis and optimisation, formulation and cGMP manufacture of drug products. The company has laboratories in San Diego, Beijing and Shanghai.
Status: Agreed
-SCRIPPS ACQUIRES STITCHER PODCAST PLATFORM FOR USD 4.5M IN CASH
US-based media company The E.W. Scripps Co (NYSE: SSP) has acquired French podcast listening service Stitcher, the company said.
Stitcher facilitates discovery and streaming for more than 65,000 podcasts to 8 m registered users. It is one of the more established and popular streaming audio listening brands. Stitcher is accessible via free iPhone and Android apps, on the dashboard of more than 50 car models and online. Stitcher will operate as part of Midroll Media, a podcast firm that was acquired by Scripps in July 2015.
Status: Closed
-CENTAURI HEALTH SOLUTIONS ACQUIRES CLOUD PRODUCTS SPECIALIST IMI HEALTH
US-based healthcare solutions company Centauri Health Solutions, Inc. has acquired Nashville-based cloud-based products provider IMI Health, the company said.
Centauri said that the addition of IMI will grow the offerings Centauri brings the healthcare industry. The acquisition also continues Centauri's growth in Nashville. Founded in 2014, Centauri offers services, private cloud-based software solutions and data management to help health plans and at-risk providers close risk adjustment and quality care gaps.
Status: Closed
-CHINA'S QINGDAO HAIER CLOSES USD 5.4BN ACQUISITION OF GE APPLIANCES BUSINESS
Chinese home appliance provider Haier Group's 41% owned Qingdao Haier Co., Ltd. subsidiary has acquired US-based industrial company General Electric's (NYSE: GE) GE Appliances business as part of a larger agreement between Haier and GE to cooperate globally, the companies said.
Qingdao Haier acquired all overseas operations of Haier Group in June 2015, as part of the expansion of Haier's global business. As part of the acquisition, GE will receive a cash consideration from Qingdao Haier of USD 5.4bn.
Status: Closed
-RTI INTERNATIONAL ACQUIRES CANADIAN "ORCHESTRATION FIRM" SYNTEGRITY GROUP
US-based nonprofit research institute RTI International has acquired Canadian "orchestration firm" Syntegrity Group, RTI said.
Syntegrity uses a non-consulting, proprietary large group method that orchestrates large groups of carefully chosen people face-to-face over two to three days. Leaders across Fortune 20 and 500 companies, governments and large nongovernmental organisations leverage Syntegrity's methods.
Status: Closed
-WALKER AND DUNLOP TO ACQUIRE USD 3.8BN HUD SERVICING PORTFOLIO FOR USD 45M
US-based commercial real estate finance company Walker and Dunlop, Inc. (NYSE: WD) has agreed to purchase the commercial mortgage servicing rights associated with a USD 3.8bn servicing portfolio from Oppenheimer Holdings Inc.'s (NYSE: OPY) Oppenheimer Multifamily Housing and Healthcare Finance, Inc. subsidiary, the company said.
The portfolio is comprised of over 480 multifamily and healthcare loans insured by the US Department of Housing and Urban Development. This acquisition is expected to close on 20 June 2016 making Walker and Dunlop the largest HUD Multifamily/Healthcare servicer in the US.
Status: Agreed
-WASSERSTEIN ACQUIRES SPECIALTY PUBLISHING FIRM NORTHSTAR TRAVEL GROUP
US-based investment firm Wasserstein Partners has acquired New Jersey-based business-to-business information provider Northstar Travel Group from the New York City-based private equity firm Wicks Group of Companies, the company said.
Northstar is the owner of Travel Weekly, TravelAge West, Business Travel News, Successful Meetings, Meetings and Conventions, Travel Weekly China, Incentive, M/C China and Web in Travel. The Northstar Travel Group provides business-to-business news, information, data, software, and custom content solutions for the travel, meetings and hospitality industries.
Status: Closed
-PREMIER TO ACQUIRE SPECIALTY PHARMACY BUSINESS FROM LINCARE HOLDINGS FOR USD 75M
US-based healthcare improvement company Premier Inc. (NASDAQ: PINC) has agreed to acquire the national specialty pharmacy business of Clearwater, Florida-based oxygen and respiratory provider Lincare Holdings Inc., for USD 75m, the company said.
The acquisition includes US-based therapy management provider Acro Pharmaceutical Services LLC and US-based pharmaceutical preparations company Community Pharmacy Services, LLC, which will be integrated into Premier's existing specialty pharmacy business as part of Premier's supply chain services segment.
Status: Agreed
-COM HEM ACQUIRES PAY TV OPERATOR BOXER SWEDEN
Sweden-based broadband provider Com Hem Holding AB has entered into an agreement to acquire Sweden-based digital terrestrial television (DTT) network's pay TV operator Boxer TV-Access AB (Boxer) for an enterprise value of USD 191.3m (SEK 1.55bn), the company said.
Boxer TV-Access AB is a wholly owned subsidiary of Sweden-based broadcasting network services provider Teracom Boxer Group AB. The acquisition will be financed by a new three-year SEK 800m credit facility with Swedbank AB and existing unutilised credit facilities.
Status: Closed
-MONTERRO INVESTS IN SWEDISH SOFTWARE FIRM HYPERGENE
Sweden-based software company investor Monterro, through its Monterro 2 fund, has acquired 60% of the Swedish software company Hypergene, the company said.
Hypergene develops and delivers a web-based planning, monitoring and analysis product. It includes solutions for three distinctive segments, Performance Management, Budget/Forecast and Analytics and Reporting. The company's customers are public organizations and private companies mainly in Sweden.
Status: Closed
-ARCUS HUNTING ACQUIRES HUNTING ARROW ACCESSORIES FIRM TROPHY TAKER
New York-based equity fund Bregal Partners Co's US-based Arcus Hunting, LLC acquisition company has completed its acquisition of hunting arrow accessory provider Trophy Taker, Inc., the company said.
Trophy Taker marks Arcus Hunting's fifth investment in the archery space since November 2014. Trophy Taker is a designer, sourcer, and marketer of arrow rests and broadheads as well as related accessories. The company was founded in 1997 and released the very first Trophy Taker arrow rest utilizing a fall-away design.
Status: Closed
-STAFFING FIRM AMN HEALTHCARE ACQUIRES PEAK HEALTH SOLUTIONS
US-based workforce solutions and staffing services company AMN Healthcare has acquired Tennessee-based health information management services company Peak Health Solutions, the company said.
Peak Health Solutions is currently generating annualised revenue of approximately USD 33m and an adjusted EBITDA margin of greater than 15%. The acquisition is expected to be immediately accretive to AMN's earnings per share. The acquisition was funded out of cash on hand and borrowings under the company's existing revolving credit facility.
Status: Closed
-SPECIALTY RENTAL FIRM CAHILL SERVICES ACQUIRES DRIVE RENTAL
Houston, Texas-based specialty rental services business Cahill Services, LLC has acquired Canada-based flameless heating rental business Drive Rental Corp., the company said.
Headquartered in Alberta, Canada, Drive Rental will rebrand and operate as Cahill Heating. It currently serves more than 100 customers from its locations in Leduc, Alberta and Anzac, Alberta in Canada and Prudhoe Bay, in Alaska.
Status: Closed
-CUSHMAN AND WAKEFIELD ACQUIRES ATLANTA APARTMENT BROKER MULTI HOUSING
US-based real estate services provider Cushman and Wakefield has acquired Atlanta-based apartment brokerage service provider Multi Housing Advisors, the company said. With the addition of MHA, Cushman and Wakefield now commands 23.8% of multifamily investment sales in the Southeast, year-to-date.
The combined firms, with nearly USD 3bn in transactions, captured 20% of 2015 Southeast multifamily sales. MHA cofounders Josh Goldfarb and Marc Robinson will serve as Cushman and Wakefield's US multifamily leaders and will be based in Atlanta and Charlotte.
Status: Closed
-MOORGATE CAPITAL PARTNERS ACQUIRES US BROADBAND PROVIDER ITC SERVICE GROUP
An affiliate of US-based technology-focused middle market merchant bank Moorgate Capital Partners, LLC has partnered with management to acquire the assets of US-based broadband services provider ITC Service Group, Inc. from its founding shareholders, the company said.
Tim Sauer, ITC's founder, will remain an owner and president of ITC. Debt financing for the transaction was provided by Credit Suisse Park View BDC, Inc., QS Capital Strategies L.P. (Quilvest), and California Bank and Trust.
Status: Closed
-ARTHUR J GALLAGHER ACQUIRES ASHMORE AND ASSOCIATES INSURANCE AGENCY
US-based insurance brokerage Arthur J. Gallagher and Co. (NYSE: AJG) has acquired Lubbock, Texas-based retail insurance broker Ashmore and Associates Insurance Agency, Inc., the company said.
Founded in 1984, Ashmore provides property/casualty, employee benefits consulting, and risk management insurance services for its commercial and personal lines clients in the central United States.
Status: Closed
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