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M&A Navigator: Deal pipeline - 5 July.

MANews-(C)2009-2011

The following is a list of deals covered in detail by M&A Navigator this week:

- WALTER INVESTMENT SAYS ACQUISITION OF GREEN TREE CREDIT SOLUTIONS CLOSED

US mortgage services provider Walter Investment Management Corp (AMEX:WAC) said it had completed the takeover of domestic sector player Green Tree Credit Solutions (GTCS) Holdings LLC.

Status: Closed

- CAREFUSION STRIKES USD150M DEAL TO BUY GERMANYa[euro](tm)S ROWA

US medical technology company CareFusion Corp (NYSE:CFN) said it had signed a contract to acquire German pharmacy robotics specialist Rowa for about USD150m (EUR103.6m).

Status: Agreed

- TYLER TECHNOLOGIES WRAPS UP YOTTA MVS ACQUISITION

US provider of IT solutions and services to government agencies Tyler Technologies (NYSE:TYL) said it had concluded the acquisition of domestic sector player Yotta MVS, in a move to boost its appraisal and tax services.

Status: Closed

- WENDY'S/ARBY'S GROUP CLOSES SALE OF ARBY'S CHAIN

US fast-food restaurant operator Wendy's/Arby's Group (NYSE:WEN) said it had finalised the sale of fast food chain Arby's Restaurant Group Inc to private equity firm Roark Capital Group.

Status: Closed

- IMMUCOR ANNOUNCES USD2BN DEAL TO BE ACQUIRED BY TPG

US Immucor (NASDAQ:BLUD), a developer of automated instrument-reagent systems for the blood transfusion sector, said it had agreed to be bought by private equity firm TPG Capital in a deal valued at nearly USD2bn (EUR1.4bn).

Status: Agreed

- OM GROUP STRIKES EUR700M DEAL TO BUY GERMAN VACUUMSCHMELZE

US speciality chemicals supplier OM Group (NYSE:OMG) said it had agreed to buy German magnetic materials maker Vacuumschmelze from One Equity Partners for EUR700m (USD1bn) in a move to expand into Europe.

Status: Agreed

- CONVIO BUYS BAIGENT DIGITAL IN UK

US software firm Convio (NASDAQ:CNVO) said it had acquired Baigent Digital, a UK-based web design agency specialising in site development and fundraising for the charity sector.

Status: Closed

- WESTERN UNION TO TAKE OVER TRAVELEX GLOBAL BUSINESS PAYMENTS

US money transfer and payment services group Western Union (NYSE:WU) said it had struck a GBP606m (USD976m/EUR674.5m) cash deal to buy the Travelex Global Business Payments unit (TGBP) of British foreign currency exchange services company Travelex Holdings.

Status: Agreed

- VIRTUSA ANNOUNCES BUY OF ADVISORY FIRM ALAS CONSULTING

US business consulting and outsourcing services firm Virtusa Corp (NASDAQ:VRTU) said it had taken over ALaS Consulting LLC, a domestic provider of consulting and advisory services to financial services segment, for USD27.8m (EUR19.2m) in cash.

Status: Closed

- DOVER WRAPS UP USD855M TAKEOVER OF NXPa[euro](tm)S SOUND SOLUTIONS UNIT

US components and equipment manufacturer Dover Corp (NYSE:DOV) said it had closed its acquisition of the Vienna-based Sound Solutions business of Dutch semiconductor supplier NXP (NASDAQ:NXPI) for USD855m (EUR590.9m) in cash.

Status: Closed

- US II-VI TO BUY AEGIS LIGHTWAVE FOR AT LEAST USD52M

US crystalline compounds maker II-VI (NASDAQ:IIVI) said it was taking over tunable optical devices specialist Aegis Lightwave for an initial price of USD52m (EUR35.9m).

Status: Agreed

- STRAUMANN BUYS INTO DENTAL WINGS

Swiss restorative dentistry specialist Straumann (SWF:STMN) said it had bought 30% in Canadian privately-owned digital dentistry firm Dental Wings, for an unrevealed amount.

Status: Closed

- YULE CATTO SAID TO BE TAKEOVER TARGET OF DOW CHEMICAL

British chemical company Yule Catto & Co (LON:YULC) is speculated to be the target of a takeover bid by US Dow Chemical (NYSE:DOW).

Status: Bidding, Speculation

- CONCUR COMPLETES BUY OF GLOBALEXPENSE IN UK

US integrated travel and expense management solutions firm Concur (NASDAQ:CNQR) said in a press release it had closed the acquisition of British web-based sector player GlobalExpense.

Status: Closed

- GRACE FINALISES BUY OF WATERPROOFING PRODUCTS DEVELOPER DE NEEF CONCHEM

US speciality chemicals maker W. R. Grace & Co (NYSE:GRA) said its operating unit Grace Construction Products had closed a deal to buy Belgium-based waterproofing products group De Neef Conchem.

Status: Closed

- ENERGY TRANSFER INCREASES OFFER FOR SOUTHERN UNION TO USD5.1BN

US natural gas investor Energy Transfer Equity (NYSE:ETE) said it had raised its takeover offer for gas storage and transportation firm Southern Union Company (NYSE:SUG) to USD5.1bn (EUR3.5bn) in cash and stock and had revised the initial agreement.

Status: Agreed

- DANISH SITECORE ACQUIRES DUTCH SOFTWARE FIRM PECTORA

Danish software company Sitecore announced in a statement it had taken control of Netherlands-based Web publishing solutions provider Pectora for a non-specified amount.

Status: Closed

- TEREX EXTENDS DEADLINE ON DEMAG BID TO 19 JULY, OWNS 72.8%

US equipment and machinery maker Terex Corp (NYSE:TEX) said in a statement it had extended to 19 July the acceptance period on its EUR45.50 (USD65.83) per share takeover offer for Demag Cranes (ETR:D9C), after having secured 72.8% in the German crane manufacturer so far.

Status: Agreed, Bidding

- UK ALLOCATE SOFTWARE TAKES OVER ROSTERON IN AUSTRALIA

UK software developer Allocate Software (LON:ALL) unveiled the acquisition of Australian workforce management software provider RosterOn for AUD3m (USD3.2m/EUR2.2m) as part of a plan to expand in the local healthcare market.

Status: Closed

- AEGIS SIGNS DEAL TO BUY JAPANESE FILEFIX

British marketing services group Aegis (LON:AGS) said it had entered into an agreement to take over Japanese full service digital agency Filefix without disclosing the purchase price.

Status: Agreed

- CHARTER INTL BUYS 60% IN BRAZILIAN CONDOR EQUIPAMENTOS

British engineering group Charter International (LON:CHTR) said it had taken 60% in Brazilian industrial gas equipment maker Condor Equipamentos Industriais Ltda for an undisclosed price.

Status: Closed

- ENBW WEIGHS SALE OF GRID STAKE

German energy group EnBW (ETR:EBK) could sell a stake in its high-voltage power grid, potentially to infrastructure funds, but no final decision has yet been made.

Status: Auction

- AEROPORTS DE PARIS, JCDECAUX UNVEIL ADVERTISING JV

French airport group Aeroports de Paris (EPA:ADP) and outdoor advertising firm JCDecaux (EPA:DEC) said they have set up a joint venture under the name of Media Aeroports de Paris.

Status: Closed

- BASF COULD RECEIVE EUR600M IN INEOS JV DEAL

German chemicals giant BASF (ETR:BAS) will get EUR600m (USD869m) from British sector player Ineos as part of their joint venture deal as it has contributed more assets to the JV than its partner.

Status: Agreed

- UK ARGYLL UNVEILS SALE OF KAIZO BUSINESS

British communications consultancy group Argyll Consultancies (LON:ARGC) said it will sell its public relations consultancy business Kaizo to BHMM, which is controlled by a number of Argyll directors, for a total of GBP75,000 (USD120,000/EUR132,000).

Status: Agreed

- VOLKSBANKEN INTL'S SALE SEEN BY END-JUL

Volksbanken International (VBI), the eastern European unit of Oesterreichische Volksbanken (WBAG:VBPS), or OeVAG, may be sold to Russian Sberbank (MCX:SBER03) by the end of July.

Status: Talks

- SANTANDER FILES FOR WAIVER TO LAUNCH TAKEOVER OFFER FOR METROVACESA

Spanish lender Banco Santander (MCE:SAN) has asked the securities market regulator CNMV to exempt it from the obligation to launch a takeover offer for Metrovacesa (MCE:MVC) if it exceeds shareholding limit following the planned capital hike at the property group.

Status: Bidding

- ABN AMRO WEIGHS POSSIBLE SALE OF SWISS PRIVATE BANKING UNIT

Dutch state-owned lender ABN Amro Bank is considering selling its Swiss private banking operations.

Status: Speculation, Auction

- DHL DIVESTS DOMESTIC DELIVERY BUSINESS IN CHINA

DHL, the logistics and express delivery unit of Deutsche Post (ETR:DPW), has divested its Chinese domestic express delivery business to China's Unitop Industry.

Status: Closed

- SWEDENa[euro](tm)S PEAB AGREES TO TAKE 65% OF NORWEGIAN TERJE HANSEN

Swedish building group Peab (STO:PEAB B) said it had sealed a deal to acquire a 65% stake in Norwegian asphalt producer Terje Hansen for an undisclosed purchase price.

Status: Agreed

- NIPPON LIFE REPORTEDLY TO BUY INTO ALLIANZ

Japanese Nippon Life Insurance is said to be ready to pay EUR500m (USD724m) for a shareholding of between 1% and 2% in German sector player Allianz (ETR:ALV).

Status: Speculation

- KBC'S KBL UNIT SALE SAID TO ATTRACT BIG INTEREST

Belgian finance group KBC (EBR:KBC) expects the auction of its Luxembourg-based KBL European Private Bankers unit to draw the interest of about 10 potential buyers during the first bidding round.

Status: Auction

- AVNET COMPLETES ACQUISITION OF AMOSDEC IN FRANCE

US electronic components distributor Avnet (NYSE:AVT) said it has finalised the purchase of French IT distributor Amosdec, aimed at boosting its presence in the country.

Status: Closed

- VIENNA INSURANCE STILL INTERESTED IN POLISH WARTA

Vienna Insurance Group (WBAG:VIG) is still interested in the takeover of Polish sector player Warta, part of Belgian KBC Groep (EBR:KBC).

Status: Talks

- HANA SAYS TO EXTEND KEB DEAL TO DEC

South Korean Hana Financial (SEO:086790) said it will extend by six months to December 2011 the completion of its planned USD4.3bn (EUR2.9bn) acquisition of US private equity firm Lone Stara[euro](tm)s 51% in Korea Exchange Bank (SEO:004940), or KEB.

Status: Agreed, Delayed

- RWE NOT IN HURRY TO SELL BRITISH NPOWER

German utility RWE (ETR:RWE) is understood to be in no rush to dispose of British electricity supplier Npower.

Status: Auction, Speculation

- CAPGEMINI UNVEILS TAKEOVER OF ITALIAN AIVE

French consulting and IT services provider Capgemini (EPA:CAP) said it has agreed to take over Italian IT service company AIVE Group in a deal with an enterprise value of EUR42.9m (USD62.1m).

Status: Agreed

- PPR TO GET MAJORITY IN SWISS WATCHMAKER SOWIND GROUP

French luxury goods group PPR (EPA:PP) said it would increase its stake in Swiss watchmaker Sowind Group to 50.1% from 23% after fully subscribing to a capital increase directed at it.

Status: Agreed

- PUBLICIS CLOSES ROSETTA BUY

French advertising group Publicis (EPA:PUB) said it had completed the acquisition of US digital agency Rosetta Marketing for USD575m (EUR397.1m) in cash.

Status: Closed

- BXR GROUP CUTS NWR STAKE

Dutch-based international investment group BXR has reduced its interest in Czech coal miner New World Resources (LON:NWR) to 63.81% from 64.3%.

Status: Closed

- BRITISH AMERICAN TOBACCO LOOKS AT BULGARTABAK

British American Tobacco (LON:BATS) is planning a takeover bid, along with other two parties, for Bulgaria's 79.8% stake in cigarette maker Bulgartabak (BUL:57B).

Status: Auction

- EBAY GETS REGULATORY NOD TO MERGE S KOREAN UNITS

South Korean Fair Trade Commission said it had unconditionally cleared the plans of US online auctioneer eBay (NASDAQ:EBAY) to combine its local e-commerce businesses eBay Auction Co Ltd and Gmarket.

Status: Agreed

- PUBLICIS BUYS OUT SWISS AD AGENCY SPILLMANN/FELSER/LEO BURNETT

French advertising group Publicis (EPA:PUB) said it had acquired the remaining 60% it did not already own in Swiss advertising agency Spillmann/Felser/Leo Burnett for an undisclosed sum.

Status: Closed

- ENTREPOSE CONTRACTING BUYS GEOMETRIC DRILLING IN SCOTLAND

French engineering company Entrepose Contracting (EPA:ENTC) said it had acquired via its Cofor Ltd unit the entire business and assets of onshore drilling contractor Geometric Drilling in Stirling, Scotland.

Status: Closed

- DEAL SNAPSHOT: ORKLA BUYS MORE OF BWG HOMES

Norwegian diversified group Orkla (OSL:ORK) said it had increased its stake in domestic homebuilding group BWG Homes ASA (OSL:BWG) to 7.22%, or 7.1m shares, after buying a further 700,000 of its shares.

Status: Closed

- CARREFOUR'S BOARD OKAYS MERGER IN BRAZIL

The board of directors of retailer Carrefour (EPA:CA) approved the merger of the company's Brazil business with that of sector player Grupo Pao de Acucar (CBD), the French company said.

Status: Talks

- PRIVATE EQUITY FIRMS LINE UP FOR 20% OF SPANISH BMN

Buyout firms Carlyle, Apax Partners, Cerberus and TPG have placed bids to acquire a 20% interest in Spanish savings bank Banco Mare Nostrum (BMN).

Status: Bidding

- NESTLE CONFIRMS PRELIMINARY TALKS WITH HSU FU CHI

Swiss nutrition group Nestle (VTX:NESN) confirmed in a statement it was in preliminary, confidential negotiations with Chinese confectionery maker Hsu Fu Chi (SIN:AS5), without giving further details.

Status: Talks

- GOLDMAN SACHS HELPS RWE EXAMINE OPTIONS FOR NPOWER UNIT

Germanya[euro](tm)s RWE (ETR:RWE) has appointed Goldman Sachs (NYSE:GS) to assist the power and gas utility in evaluating the options for its UK energy unit Npower, including a possible sale.

Status: Auction

- NORWAYa[euro](tm)S DNO, RAK PETROLEUM SIGN UNITS COMBINATION DEAL

Norwegian operator DNO International (OSL:DNO) has entered into a heads of agreement with RAK Petroleum which calls for the UAE-based oil and gas group to merge its Middle East and North African units into a subsidiary of DNO.

Status: Exclusivity
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Publication:M & A Navigator
Geographic Code:4EUUK
Date:Jul 5, 2011
Words:2063
Previous Article:Walter Investment says acquisition of Green Tree Credit Solutions closed.
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