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M&A Navigator: Deal pipeline - 7 November.

MANews-(C)2009-2014

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

- HOWCO GROUP TAKES OVER CTL ENGINEERING

Scotland-based Howco Group plc, a supplier of alloys for the oil and gas sector, said in had wrapped up the purchase of English computer numerical control (CNC) machining procurement and assembly specialist CTL Engineering Ltd.

Status: Closed

- ESTEE LAUDER TO TAKE OVER EDITIONS DE PARFUMS FREDERIC MALLE

US beauty products maker Estee Lauder Companies Inc (NYSE:EL) said it had inked an agreement to buy fragrance brand Editions de Parfums Frederic Malle.

Status: Agreed

- HIGHSPOT FETCHES USD9.6M IN SERIES A ROUND

US cloud-based sales engagement platform Highspot said it had collected USD9.6m (EUR7.7m) in Series A round with Madrona Venture Group LLC in the lead.

Status: Closed

- COMMUNITY HEALTH SYSTEMS TO SHED RIVERVIEW REGIONAL MEDICAL CENTER

Acting via subsidiaries, US hospitals operator Community Health Systems Inc (NYSE:CYH) said it had agreed to sell Riverview Regional Medical Center and related outpatient operations to local hospital management company Prime Healthcare Services Inc.

Status: Agreed

- SANOMA OFFLOADS ADRIA ZAGREB STAKE TO ADRIA MEDIA

Finnish media group Sanoma Oyj (HEL:SAA1V) announced it had reached an agreement with Serbian sector player Adria Media Group Ltd for the sale of its stake in Croatia's Adria Media Zagreb DOO.

Status: Agreed

- OEP GIVES CONSTANTIA FLEXIBLE SALE ANOTHER TRY - REPORT

US private equity group One Equity Partners LLC (OEP) has again put up for sale Austrian packaging solutions provider Constantia Flexibles GmbH after a failed 2013 attempt to float the company.

Status: Auction, Speculation

- PUMA CEO SEES NO INDICATIONS OF POTENTIAL SALE

Bjorn Gulden, chief executive of German sportswear group Puma AG (ETR:PUM), commented on press reports regarding a potential exit of majority shareholder Kering (EPA:KER), saying he had not heard of any plans for a change in ownership.

Status: Speculation

- BINCKBANK, BLACKFIN CAPITAL SCRAP DEAL FOR ABLE

Netherlands-based independent investors bank BinckBank NV (AMS:BINCK) and private equity firm BlackFin Capital Partners jointly announced that they had terminated the sale of business process outsourcing (BPO) and software and licensing company Able BV.

Status: Terminated

- AVG SPARKS TAKEOVER INTEREST - REPORT

Netherlands-based security software developer AVG Technologies NV (NYSE:AVG) has been approached by parties interested in taking over the company.

Status: Speculation

- J&J ACQUIRES INDIAN ENERGY DRINK BRAND ORSL

US holding company Johnson & Johnson Inc (NYSE:JNJ) announced that it had acquired the ORSL health energy drink brand from India-based pharmaceutical product manufacturer Jagdale Industries Ltd.

Status: Closed

- NATIONAL GRID, THE BERKELEY GROUP HOLDINGS UNVEIL JV

UK electricity and gas company National Grid plc (LON:NG) and domestic housebuilder The Berkeley Group Holdings plc (LON:BKG) disclosed the establishment of a 50:50 joint venture for the development of major residential and mixed-use development projects across London and the South East.

Status: Agreed

- GLOBAL INSTITUTIONAL INVESTORS TO BUY STAKE IN INDIAN LENDER EQUITAS HOLDINGS - REPORT

A group of international financial institutions and a private equity firm are planning to invest in India's micro finance lender Equitas Holdings Ltd, purchasing approximately 40% of its share capital in a deal worth roughly USD53m (EUR42.7m).

Status: Speculation

- ENEL TO SELL SE HYDROPOWER, SF ENERGY STAKES TO SEL FOR EUR400M

Italian electricity supplier Enel SpA (BIT:ENEL) is offloading its stakes in SE Hydropower Srl and SF Energy Srl for a combined EUR400m (USD495m) in a deal with domestic sector player Societa Elettrica Altoatesina SpA (SEL), the parties announced in a joint statement.

Status: Agreed

- VERSATILE SELLS US UNIT TO BIGR.IO

Canadian technology company Versatile Systems Inc (CVE:VV) has sold its US unit to local customer software solutions developer BigR.io LLC, the vendor said without revealing the size of the deal.

Status: Closed

- COPYRIGHT CLEARANCE CENTER TAKES OVER INFOTRIEVE

US rights licensing technology and content solutions provider Copyright Clearance Center Inc (CCC) said it had acquired domestic enterprise SaaS software and business services company Infotrieve Inc.

Status: Closed

- SKANSKA TO SELL LATIN AMERICAN O&M OPERATIONS IN 2015

Sweden's construction and project development company Skanska AB (STO:SKA-B) announced that it was planning to divest its Latin American operation and management (O&M) business, in a bid to simplify operations.

Status: Auction

- ACCELPATH TO BUY VILLAGE TEA COMPANY DISTRIBUTION

US holding company AccelPath Inc (OTCMKTS:ACLP) said it had agreed to buy a 70% stake in domestic tea and tea accessories supplier Village Tea Company Distribution Inc without elaborating on price.

Status: Agreed

- EMMIT IN TALKS TO BUY REST OF XIMAX ENVIRONMENTAL SOLUTIONS, XIMAX OIL & GAS SOLUTIONS

UK security blinds and emergency lighting systems producer Emmit Plc (LON:EMT) said it was in talks to take full control of local water treatment companies Ximax Environmental Solutions PLC (XES) and Ximax Oil & Gas Solutions (XOG).

Status: Talks

- MILAMBER SELLS 49% FLUX STAKE TO ENGAGE

UK investment vehicle Milamber Ventures Plc (MLVP) announced it had completed the divestment of its 49% interest in local IT and business support services provider Flux Impact Limited to the company's other shareholder, Engage Production Limited.

Status: Closed

- INTERSTATE UNVEILS TAKEOVER OF STATEWIDE DISASTER RESTORATION

US emergency restoration and reconstruction company Interstate Restoration LLC announced the purchase of domestic peer Statewide Disaster Restoration.

Status: Closed

- WATTS WATER TO PAY USD256M FOR AERCO

US water safety and quality control products supplier Watts Water Technologies Inc (NYSE:WTS) said that it had agreed to pay USD256m (EUR213.8m) in cash on a debt/cash free basis for heating products maker AERCO International Inc to its owner, private equity firm Riverside Company.

Status: Agreed

- PFG CUTS USD335M DEAL FOR AXA'S HONG KONG PENSION BUSINESS

US investment manager The Principal Financial Group Inc (NYSE:PFG) announced it would purchase the Hong Kong pension operations of French insurance giant AXA Group (EPA:CS) for around USD335m (EUR270m).

Status: Agreed

- GEI UNVEILS ACQUISITION OF H2A ENVIRONMENTAL

US ecological science and engineering firm GEI Consultants Inc said that it had acquired environmental consulting and re-mediation firm H2A Environmental Ltd.

Status: Closed

- EUROFINS SCIENTIFIC AGREES TO TAKE OVER SF ANALYTICAL LABORATORIES

France-based bioanalytical services provider Eurofins Scientific SE (EPA:ERF) has entered into an agreement to acquire US commercial testing laboratory SF Analytical Laboratories for an unspecified sum.

Status: Agreed

- HUDSON TECHNOLOGIES TAKES OVER REFRIGERATION RECLAIMER POLAR TECHNOLOGIES

US refrigerant services company Hudson Technologies Inc (NASDAQ:HDSN) has acquired reclamation business and assets of domestic refrigeration reclaimer Polar Technologies, the buyer has announced in a statement.

Status: Closed

- CBIZ UNVEILS PURCHASE OF WEEKES & CALLAWAY

US financial and employee business services firm CBIZ Inc (NYSE:CBZ) said that it had acquired domestic insurance brokerage company Weekes & Callaway Inc.

Status: Closed

- EZCHIP BUYS TILERA CORP

Israel-based semiconductor company EZchip Semiconductor Ltd (NASDAQ:EZCH) said it had wrapped up the acquisition of US-based sector player Tilera Corporation in a deal worth up to USD130m (EUR104.9m).

Status: Closed

- CHANNELADVISOR BUYS E-TALE HOLDINGS

US e-commerce software provider ChannelAdvisor Corp (NYSE:ECOM) has taken over UK-based sector player E-Tale Holdings Ltd, the buyer said without disclosing the size of the deal.

Status: Closed

- ENCODING.COM CLOSES SERIES B INVESTMENT ROUND

US cloud-based video encoding company Encoding.com said that it had received an undisclosed amount of investment in a Series B funding round led by Harmonic Inc.

Status: Closed

- ADAVENT, AVISTA TO PAY USD1.53BN FOR UCB'S KREMERS URBAN

Belgian biopharmaceutical company UCB SA (EBR:UCB) is selling Kremers Urban Pharmaceuticals Inc to private equity houses Advent International Corporation and Avista Capital Partners for USD1.53bn (EUR1.24bn) in cash, the parties announced in a joint statement.

Status: Agreed

- SONGBIRD TURNS DOWN BID BY QIA, BROOKFIELD PROPERTY PARTNERS

British property investor Songbird Estates Plc (LON:SBD) said its board had turned down a GBP2.95 (USD4.67/EUR3.772) per share takeover bid by sovereign wealth fund Qatar Investment Authority (QIA) and Bermuda-based commercial real estate company Brookfield Property Partners LP (NYSE:BPY) as undervaluing.

Status: Bidding

- ZEROCHAOS ACUQIRES INCEPTURE STAFFING UNIT

US workforce management company ZeroChaos LLC announced that it had purchased the staffing operations of domestic staffing and print services provider Incepture Inc, an affiliate of GuideWell Mutual Holding Corporation.

Status: Closed

- FRENKEL BENEFITS TAKES OVER THE MOYER GROUP

US employee benefit brokerage and consulting firm Frenkel Benefits LLC said it had acquired local sector company The Moyer Group Inc without elaborating on the amount paid.

Status: Closed

- ZEN99 GETS USD2.5M IN SEED FUNDING

US tax and insurance tools provider Zen99 Inc said that it had secured almost USD2.5m (EUR2m) as part of a seed funding round.

Status: Closed

- WATCHUP SCORES USD2.75M IN TRIBUNE MEDIA-LED ROUND

US TV news start-up Watchup Inc said it had secured USD2.75m (EUR2.2m) in a funding round led by domestic television and digital group Tribune Media Company (OTCMKTS:TRBAA).

Status: Closed

- SHIPPABLE RAKES IN USD8M TO BOOST PLATFORM ADOPTION

US containerised continuous delivery platform Shippable Inc said it had closed a Series A round, fetching USD8m (EUR6.4m) that the company will invest in expanding its operations and supporting adoption of its enterprise platform.

Status: Closed

- SYSCO UNVEILS ALLIANCE WITH MEXICO'S PACIFIC STAR

US foodservice distributor Sysco Corporation (NYSE:SYY) said it had struck an agreement to acquire 50% of Mexican sector player Pacific Star Foodservice SA de CV, paying an undisclosed amount to majority shareholder Arancia SA de CV.

Status: Agreed

- CITADEL PLASTICS CLOSES TCG BUY

US thermoplastic and engineered composite compounds provider Citadel Plastics Holdings Inc has finalised the purchase of local sector firm The Composites Group (TCG), the parties said.

Status: Closed

- CINTAS CORP SELLS DOCUMENT STORAGE, IMAGING UNITS IN USD180M DEAL

US business services provider Cintas Corporation (NASDAQ:CTAS) has announced the sale of its document storage and imaging businesses to three separate companies in three different transactions.

Status: Closed

- ORBCOMM TO TAKE OVER SKYWAVE FOR USD130M

US machine-to-machine (M2M) solutions provider Orbcomm Inc (NASDAQ:ORBC) announced its entry into a definitive agreement to buy Canadian satellite and satellite-cellular terminals provider SkyWave Mobile Communications Inc for USD130m (EUR105m) on a cash- and debt-free basis.

Status: Agreed

- GEMR GRABS USD4.93M IN SERIES A ROUND

US collectors' platform Gemr said it had secured USD4.93m (EUR3.98m) as part of a Series A round featuring private and institutional investors.

Status: Closed

- ARTHUR J GALLAGHER TAKES OVER DBS

US insurance broker and risk management services provider Arthur J Gallagher & Co (NYSE:AJG) unveiled the purchase of California-based employee benefits consultancy Discovery Benefit Solutions Inc (DBS) without volunteering financial details.

Status: Closed

- GE CAPITAL SELLS NORDIC CONSUMER FINANCE BUSINESS TO SANTANDER

GE Capital, the financial services arm of US conglomerate General Electric Co (NYSE:GE), said it had closed the sale of its consumer finance business in Sweden, Denmark and Norway to a subsidiary of Spanish banking major Banco Santander SA (BME:SAN).

Status: Closed

- IOP UNVEILS ACQUISITION OF VITA NONWOVENS

US private equity group Industrial Opportunity Partners (IOP) announced the acquisition of local durable nonwoven products supplier Vita Nonwovens LLC without providing information on price.

Status: Closed

- FOUR JAPANESE BANKS TO ENTER SECOND ROUND OF CITIGROUP UNIT AUCTION - REPORT

Japan's Sumitomo Mitsui Banking Corp (SMBC), Sumitomo Mitsui Trust Bank Ltd (SMTB), Shinsei Bank Ltd (TYO:8303) and Resona Bank Ltd are among the participants in the second bidding round for the Japanese consumer banking unit of US financial services giant Citigroup Inc (NYSE:C).

Status: Bidding, Speculation

- KUKA PLANS SHARE SALE TO RAISE FUNDS FOR SWISSLOG DEAL

German industrial robots and factory automation solutions provider Kuka AG (FRA:KU2) said that its board had approved the issuance of up to 1.79m new shares as a way of raising funds to partially cover the purchase price for Swiss logistics solutions company Swisslog Holding Ltd (SWX:SLOG).

Status: Bidding

- GERMANY'S NORMA SCOUTS FOR MORE STRATEGIC ACQUISITIONS, CEO SAYS

German automotive components manufacturer Norma Group SE (FRA:NOEJ) is seeking to engage in more strategic acquisitions.

Status: Bidding

- ENEL TO PROCEED WITH NEGOTIATIONS FOR ROMANIAN UNITS DIVESTMENT - CEO

Italian electricity supplier Enel SpA (BIT:ENEL) will move ahead with discussions regarding the sale of its Romanian assets, CEO Francesco Starace said.

Status: Talks

- RELIANCE, PIONEER NATURAL RESOURCES MULL SALE OF EFS MIDSTREAM

Indian energy group Reliance Industries Ltd (BOM:500325) unveiled that it had agreed to consider the sale of its 49.9% stake in US-based EFS Midstream LLC, formed as a joint venture between Reliance and US oil and gas producer Pioneer Natural Resources Company (NYSE:PXD).

Status: Auction

- ENI TEAMS UP ITH CREDIT SUISSE TO SELL SAPIEM STAKE - REPORT

Italy's state-owned oil and gas major Eni SpA (BIT:ENI) has teamed up with Swiss investment bank Credit Suisse Group AG (VTX:CSGN) on the planned sale of its stake in oil service company Saipem SpA (BIT:SPM).

Status: Speculation

- SINGAPORE'S GIC EYES INDCOR PROPERTIES IN USD8BN DEAL - REPORT

Singaporean sovereign wealth fund GIC Pte Ltd is in talks to purchase US industrial real estate company IndCor Properties Inc from The Blackstone Group LP (NYSE:BX).

Status: Speculation

- BRISTOL-MYERS SQUIBB SECURES OPTION TO BUY GALECTO BIOTECH

US pharma major Bristol-Myers Squibb Company (NYSE:BMY) has inked an agreement giving it an exclusive option to buy Denmark-based drug developer Galecto Biotech AB in a deal whose total value could reach USD444m (EUR354.7m), the parties said in a joint statement.

Status: Exclusivity

- ALTICE BIDS FOR PORTUGAL TELECOM'S PORTUGUESE OPERATIONS

Luxembourg-based cable and telecommunications company Altice SA (AMS:ATC) said it had made a binding, fully financed offer to buy the Portuguese operations of Portugal Telecom SGPS SA (ELI:PTC) from Brazil's Oi SA (BVMF:OIBR4) in a deal that values the assets at EUR7.03bn (USD8.8bn) in enterprise terms, free of cash and debt.

Status: Bidding
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Publication:M & A Navigator
Geographic Code:4EUUK
Date:Nov 7, 2014
Words:2284
Previous Article:Howco Group takes over CTL Engineering.
Next Article:AT&T agrees USD2.5bn deal for Mexico's Iusacell.
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