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M and A Navigator: Deal pipeline -16 February.

MANews-(C)2009-2018

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

-ATTOM DATA SOLUTIONS ACQUIRES NATIONWIDE NEIGHBOURHOOD DATA PROVIDER ONBOARD INFORMATICS

US-based property database curator Attom Data Solutions has acquired US-based real estate neighbourhood data and data-enabled turnkey products provider Onboard Informatics, the company said.

Onboard's neighbourhood data is being integrated into the Attom Data Warehouse, which blends property tax, deed, mortgage, foreclosure, environmental risk, natural hazard, and neighbourhood data for more than 155m US residential and commercial properties.

Status: Closed

-XPERTDOC ACQUIRES BELGIAN DOCUMENT, CUSTOMER COMMUNICATION SOLUTION FIRM XPERIDO

Canadian document automation and customer communications management solutions specialist Xpertdoc Technologies Inc. has acquired the assets of Belgium-based XperiDo from Invenso bvba through a 100% share purchase agreement, the company said.

The acquisition includes Invenso's XperiDo Document Generation software that automates the creation and delivery of documents for organizations using Microsoft Dynamics 365, Sugar CRM, SalesForce.com and other ERP solutions.

Status: Closed

-VISTRA ACQUIRES IRISH ACCOUNTING FIRM SQUIRES GILBRIDE

Global corporate service providers Vistra has acquired Irish accountancy Squires Gilbride Chartered Accountants and Advisors, the firm said.

Vistra offers international incorporations, trust, fiduciary, private office, and fund administration services. Providing accounting, tax, company secretarial, payroll, auditing and advisory services, Squires Gilbride has a young team of professionals serving local companies as well as international firms looking to locate an office in Ireland.

Status: Closed

-BECTON, DICKINSON CLOSES MEDICAL TECHNOLOGY ASSET DIVESTITURES TO MERIT MEDICAL

US-based medical technology company BD (Becton, Dickinson and Company) (NYSE: BDX) has closed the divestitures of its soft tissue core needle biopsy product line and Aspira product line to US-based disposable medical device maker Merit Medical Systems, Inc. following receipt of all required regulatory approvals for such divestitures, the company said.

Merit Medical paid USD 100m for the assets. The completion of the divestitures satisfies the remaining contingencies within the previously received regulatory approvals in the US, Europe and China for BD's acquisition of C. R. Bard, Inc., which was completed on Dec. 29, 2017.

Status: Closed

-QUEST GLOBAL ACQUIRES INDIAN TECHNOLOGY FIRM MOBILIYA

Indian engineering solutions company QuEST Global Services has acquired Indian technology firm Mobiliya Technologies, the company said.

The acquisition will strengthen QuEST Global's capability in Industrial and Hi-Tech verticals and add new service offerings including artificial intelligence and augmented reality. This is the third acquisition made by QuEST Global in this financial year after the acquisition of DETECH Fahrzeugentwicklung GmbH and IT Six Global based out of Germany and Romania respectively.

Status: Closed

-LYONDELLBASELL TO ACQUIRE PLASTICS MAKER A SCHULMAN FOR USD 2.25BN

US-based plastics, chemicals and refining company LyondellBasell (NYSE: LYB) and US-based plastic compounds supplier A. Schulman, Inc. (NASDAQ: SHLM) have entered into a definitive agreement under which LyondellBasell will acquire A. Schulman for a total consideration of USD 2.25bn, the companies said.

The acquisition builds upon LyondellBasell's existing platform in this space to create an advanced polymer aolutions business with broad geographic reach, leading technologies and a diverse product portfolio.

Status: Agreed

-ORACLE TO ACQUIRE CLOUD SECURITY SPECIALIST ZENEDGE

US-based software company Oracle (NYSE: ORCL) has signed an agreement to acquire cloud-based network and infrastructure security specialist Zenedge, the company said. Zenedge helps secure critical IT systems deployed via cloud, on-premise or hybrid hosting environments.

Customers leverage Zenedge's Web Application Firewall and Distributed Denial of Service mitigation products to secure their applications, networks, databases and APIs from malicious Internet traffic. Powered by artificial intelligence, Zenedge's products and 24/7 virtual Security Operations Center defend over 800,000 web properties and networks globally.

Status: Agreed

-RIOT BLOCKCHAIN TO ACQUIRE 3,800 BITCOIN MINERS

US-based blockchain technology company Riot Blockchain, Inc. (NASDAQ: RIOT) has entered into a definitive agreement to acquire additional cryptocurrency mining equipment consisting of 3,800 Antminer S9 Bitcoin miners manufactured by Bitmain, the company said.

The Antminer S9 is considered the world's most efficient ASIC cryptocurrency mining machine. Riot Blockchain expects its total hashing power to be over 60 Petahash of SHA 256 Bitcoin mining computing power and 252 Gigahash of Scrypt for Litecoin mining following the acquisition and the full deployment of all equipment.

Status: Agreed

-CONVERGEONE TO ACQUIRE ARROW ELECTRONICS' SYSTEMS INTEGRATION BUSINESS

US-based collaboration and technology solutions provider ConvergeOne has signed an agreement to acquire electronic products, services company Arrow Electronics' Systems Integration business, the company said.

The business specialises in unified communications, contact centre, and voice and data technologies. Completion of the transaction is expected to occur within 30 days. This acquisition further solidifies ConvergeOne's position as a provider of collaboration and IT-enabled solutions.

Status: Agreed

-AIR PRODUCTS TO ACQUIRE EUROPEAN CO2 BUSINESS ACP

US-based industrial gas company Air Products (NYSE: APD) has inked a definitive agreement to purchase European carbon dioxide business ACP Europe SA, the company said. ACP is the largest independent carbon dioxide business in Continental Europe.

The transaction will complement Air Products' European CO2 capabilities in core geographies where the company already provides industrial gases. Currently, Air Products supplies a broad portfolio of industrial gases across 13 European countries including liquid CO2 from its operations in Spain and Poland.

Status: Agreed

-AFFINITY BEVERAGE GROUP ACQUIRES FROZEN DESSERT MAKER JAWEA

US-based holding company Affinity Beverage Group, Inc (OTC: ABVG) has executed a stock purchase agreement to acquire 100% interest in New York, US-based Artisanal Edge, LLC, the owner of Jawea dairy-free frozen desserts, the company said.

Jawea (pronounced, Jah-Way-ah) launched by founder Michael Rosenthal in late 2015, is a line of delicious, all natural, vegan, gluten free, soy free coconut based "ice cream" which is currently available in 5 flavors that were inspired by adventure across the globe.

Status: Agreed

-BAKEMARK TO ACQUIRE MULTIFOODS TO EXPAND MANUFACTURING FOOTPRINT

US-based bakery ingredients, products and supplies maker BakeMark has reached an agreement to acquire the Multifoods brand and two manufacturing facilities from CSM Bakery Solutions, the company said.

The acquisition includes the Multifoods brand, product portfolio as well as CSM's two manufacturing facilities located in Elyria, Ohio and Spartanburg, South Carolina. These acquisitions come within six months of BakeMark's most recent acquisition.

Status: Agreed

-GRANICUS TO ACQUIRE GOVERNMENT WEBSITE SOLUTIONS PROVIDER VISION INTERNET

US-based cloud-based software solutions to government Granicus will acquire US-based website solutions for US and Canadian government organisations Vision Technology Solutions LLC, the company said.

With the acquisition of Vision, Granicus said it is accelerating its mission to power seamless digital citizen experiences by bringing the first end-to-end digital government platform to market. The combined company aims to address the digital customer experience gap that exists between the private and public sector.

Status: Agreed

-MVPINDEX, UMBEL MERGE TO CREATE SOLUTION FOR SOCIAL AUDIENCE MEASUREMENT

US-based sports and entertainment social media index and valuation platform MVPindex and US-based sports and entertainment market data collection specialist Umbel are merging, the two companies said.

The company said the merger enhances the way the entire sports and entertainment ecosystem from brands and agencies to properties and talent measures the value and impact of their digital marketing spend, including sponsorships and social media campaigns.

Status: Agreed

-BOUNCE ACQUIRES REPURPOSE RIGHTS TO 'THE WENDY WILLIAMS SHOW' FROM LIONSGATE'S DEBMAR-MERCURY

US-based African-American television network Bounce has acquired the day and date repurpose rights to "The Wendy Williams Show" from US-based entertainment Lionsgate's Debmar-Mercury in a new agreement, the company said.

The deal represents the first-ever repurposed programming arrangement done by a new-generation broadcast network, also known as a multicast network. Referred to as a "breakthrough in daytime" by The New York Times, "The Wendy Williams Show" is a daily one-hour entertainment talk show which features mother, wife and best-selling author Wendy Williams.

Status: Closed

-HASHCHAIN TECHNOLOGY CLOSES ACQUISITION OF NODE40 TO EXTEND BLOCKCHAIN TECHNOLOGY SERVICES

Canada-based blockchain technology company HashChain Technology Inc. (TSX Venture: KASH) (OTCQB: HSSHF) has closed the acquisition of New York, US-based blockchain service provider NODE40 LLC to diversify cryptocurrency mining with blockchain-based solutions, the company said.

Under the asset purchase agreement, HashChain acquired the Node40 Business (APA) for a purchase price comprised of USD 8m in cash, payable as to USD 4m at closing and USD 2m on each of 180 days and one year following the closing date, and a total of 3,144,134 common shares in the capital of HashChain.

Status: Closed

-PINECREST ADVISES MOBIUS MEDICAL SYSTEMS ON SALE TO VARIAN

US-based investment banking firm Pinecrest Capital Partners advised US-based radiation oncology Quality Assurance (QA) software provider Mobius Medical Systems Mobius Medical Systems, LP on its sale to California, US-based cancer care solutions provider Varian Medical Systems, Inc. (NYSE: VAR), the bank said.

Pinecrest served as the exclusive financial advisor to Mobius in this transaction. This acquisition increases Varian's portfolio of patient treatment plan QA and machine QA technologies, and enables the company to impact more patients around the globe with software solutions designed to assure the quality of treatments.

Status: Closed

-TOWNSQUARE TO ACQUIRE UPSTATE NEW YORK CLASSIC ROCK RADIO STATION WOUR-FM

US-based radio, digital media, entertainment and digital marketing solutions company Townsquare Media, Inc. (NYSE: TSQ) has entered into an agreement to acquire classic rock station WOUR-FM 96.9 in Utica, New York from Galaxy Communications, LLC, the company said.

In addition, pursuant to a joint sales agreement, Townsquare will take over all sales efforts for the Station effective immediately. WOUR-FM will join Townsquare's existing Utica, NY stations: WFRG-FM 104.3, WLZW-FM 98.7, WODZ-FM 96.1 and WIBX-AM 950.

Status: Agreed

-VENUS CONCEPT CLOSES ACQUISITION OF NEOGRAFT SOLUTIONS' HAIR RESTORATION BUSINESS

Canadian aesthetic technology company Venus Concept Ltd. has closed the acquisition of NeoGraft Solutions' hair restoration business, the company said.

NeoGraft is in the area of hair restoration technologies and topical products. The company has developed an alternative to traditional hair transplantation surgery. Venus Concept said its industry first and only subscription-based business model, combined with its global reach in over 60 countries and 27 direct global offices, will create a significant opportunity to expand the overall combined businesses of both NeoGraft and Venus Concept.

Status: Closed

-ASSOCIATED BANC-CORP TO ACQUIRE WISCONSIN, US BROKER DIVERSIFIED INSURANCE SOLUTIONS

Wisconsin, US-based bank holding company Associated Banc-Corp's (NYSE: ASB) Associated Benefits and Risk Consulting business has entered into an agreement to acquire Wisconsin insurance broker Diversified Insurance Solutions, the company said.

The transaction is expected to close next month. ABRC is a multi-line insurance and Midwest-based consulting firm with 400 employees. It is the 47th largest broker of US business, providing employee benefits, retirement plans, compliance, business insurance, risk management, and individual insurance solutions.

Status: Agreed

-HYLAND TO ACQUIRE ONECONTENT BUSINESS FROM ALLSCRIPTS

US-based image management and content services software company Hyland has signed a definitive agreement to acquire the OneContent business from US-based healthcare information technology solutions firm Allscripts, the company said.

The deal is expected to close in 2Q18, once customary closing conditions are satisfied. Upon transaction close, the OneContent client base and associates will transition to Hyland. Recently acquired by Allscripts from McKesson, more than 300 customers rely on OneContent for their healthcare content management needs.

Status: Agreed

-AQUAVENTURE TO ACQUIRE MAJORITY INTEREST IN DESALINATION PLANT IN GHANA

US-based Water-as-a-Service solutions company AquaVenture Holdings Ltd. (NYSE: WAAS) has entered into a binding agreement with Abengoa Water, S.L.U. to purchase a majority interest in a desalination plant in Accra, Ghana, the company said.

The plant has the capacity to deliver approximately 18.5 m gallons (60,000 m3) per day of potable water to Ghana Water Company Ltd. under a long-term, US dollar denominated water purchase agreement. Political risk insurance is provided to the project lenders and project equity sponsors by Multilateral Investment Guarantee Agency, a division of the World Bank.

Status: Agreed

-COMPASS DIVERSIFIED HOLDINGS CLOSES USD 247.5M ACQUISITION OF US MANUFACTURER FOAM FABRICATORS

US-based middle market business owner Compass Diversified Holdings (NYSE: CODI) has closed the acquisition of US-based protective foam solutions manufacturer Foam Fabricators, Inc. from its owner Warren "Budd" Florkiewicz for a purchase price of USD 247.5m, the company said.

Wells Fargo Securities served as exclusive financial advisor to Foam Fabricators. Headquartered in Scottsdale, Arizona, Foam Fabricators is a designer and manufacturer of custom molded protective foam solutions and OEM components made from expanded polymers such as expanded polystyrene and expanded polypropylene.

Status: Closed

-KIRBY CLOSES USD 419M ACQUISITION OF HIGMAN MARINE

Texas, US-based tank barge operator Kirby Corp. (NYSE: KEX) has closed the acquisition of marine transportation company Higman Marine, Inc. and its affiliates in a deal valued at approximately USD 419m, the company said.

The purchase will be financed through additional borrowings. Kirby said the acquisition of Higman and its fleet of inland tank barges and towboats will allow the company to avoid significant future capital outlays for new towboats. The company said it expects this acquisition will be earnings neutral in 2018 as it will take time to align Higman's tank barge utilisation rates with Kirby's.

Status: Closed

-KEMPER TO ACQUIRE US INSURER INFINITY PROPERTY AND CASUALTY IN DEAL VALUED AT USD 1.4BN

Chicago, US-based insurance provider Kemper Corp. (NYSE: KMPR) has agreed to acquire Alabama, US-based insurance provider Infinity Property and Casualty Corp. (NASDAQ: IPCC) in a cash and stock transaction valued at USD 1.4bn, the company said.

Under the terms of the definitive merger agreement, Infinity shareholders will receive USD 51.60 in cash and 1.2019 Kemper common shares for each share of Infinity common stock. The transaction was valued at USD 129.00 per Infinity share.

Status: Agreed

-STANTEC TO ACQUIRE TDG TO BOOST TRANSPORTATION ENGINEERING CAPABILITIES IN NEW ZEALAND

Canada-based global design firm Stantec (TSX: STN) (NYSE: STN) has agreed to acquire New Zealand-based consulting transportation engineering firm Traffic Design Group (TDG) to strengthen its capabilities in Australia and New Zealand, the company said.

Stantec said the addition of TDG creates a large transportation practice available to support local communities in New Zealand and Australia. The acquisition of TDG provides additional local leadership that remain empowered to drive and grow the business locally, while leveraging Stantec's worldwide strengths.

Status: Agreed

-PRETIUM PARTNERS ACQUIRES NEWMARK CLOS TO STRENGTHEN CREDIT MANAGEMENT BUSINESS

New York, US-based alternative asset management firm Pretium Credit Management LLC, an affiliate of Pretium Partners, LLC, has acquired two CLOs holding approximately USD 750m in assets: NewMark Capital Funding 2013-1 CLO Ltd and NewMark Capital Funding 2014-2 CLO Ltd, managed by NewMark Capital LLC, the company said.

Pretium said the acquired assets would expand its corporate credit business. Pretium Credit Management also announced the pricing of Crown Point CLO 4 in a transaction led by Morgan Stanley. Based on investor demand the transaction, was upsized from USD 400m to USD 458m.

Status: Closed

-CELEBRATE BRANDS ACQUIRES SNACK MANUFACTURER GREEN PLATE KITCHEN

Texas, US-based food manufacturer Celebrate Brands, LLC has acquired Texas-based healthy snacks provider Green Plate Kitchen, Inc. (d/b/a/ Green Plate Foods) to strengthen position in healthy snacks market, the company said.

As part of the acquisition, Green Plate founder Lisa Pounds will serve as chief executive officer, overseeing the growth of all the company's healthy snacking brands. Celebrate Brands already manages a portfolio of healthy snack brands and the addition of Green Plate Foods offers a value-add.

Status: Closed

-TRACTMANAGER ACQUIRES EMTS TO STRENGTHEN PROCESS EFFICIENCIES

Tennessee, US-based sourcing and contract lifecycle management solutions supplier TractManager, Inc. has acquired Colorado, US-based capital equipment and service contract negotiations manager Equipment Management and Technology Solutions (EMTS) to increase process efficiencies, the company said.

TractManager said in addition to EMTS' expertise in capital negotiations, EMTS provides hospital supply chains with onsite operational and strategic support, as well as staff augmentation services during peak load times associated with new construction, renovation, mergers, and acquisitions.

Status: Closed

-BRENNAN PARTNERS ARCH STREET TO ACQUIRE INDUSTRIAL PORTFOLIO FROM BLUELINX

In a joint venture with Connecticut, US-based real estate investment firm Arch Street Capital Advisors, LLC, Chicago, US-based real estate investment firm Brennan Investment Group, LLC has acquired and leased back a four-building, 2,306,835 square-foot portfolio to Georgia, US-based building and industrial products distributor BlueLinx Corp (NYSE: BXC), the company said.

The portfolio, located in four states is geographically dispersed throughout several top markets in the United States including Boston, Raleigh-Durham, Atlanta and Washington, DC, US. Brennan Investment said it acquired four strategically important facilities of BlueLinx. This acquisition is consistent with the company's investment objective of producing stable, long-term cash flow for investors.

Status: Closed

-GENERAL DYNAMICS TO ACQUIRE VIRGINIA IT SOLUTIONS PROVIDER CSRA FOR USD 9.6BN

Virginia, US-based aerospace and defense company General Dynamics (NYSE: GD) (GDIT) has agreed to acquire all outstanding shares of Virginia-based IT technology solutions provider CSRA (NYSE: CSRA) in a transaction valued at USD 9.6bn, the company said.

General Dynamics will acquire shares of CSRA for USD 40.75 per share in cash. The aggregate deal includes the assumption of USD 2.8bn in CSRA debt. The company said it anticipates financing the transaction through a combination of available cash and new debt financing. Upon completion of the transaction, General Dynamics anticipates retaining strong credit ratings with net debt of approximately USD 10.5bn.

Status: Agreed

-AUSTRIA-BASED ANTON PAAR ACQUIRES QUANTACHROME TO BOLSTER ANALYTICAL SOLUTIONS PORTFOLIO

Austria-based measuring instrument provider Anton Paar has completed the acquisition of Florida, US-based analytical instrumentation provider Quantachrome to expand portfolio of analytical solutions, the company said.

The companies agreed not to disclose the purchase price. Quantachrome will continue operations in Florida under the umbrella of the Anton Paar Group. Anton Paar Group said Quantachrome's products are a perfect addition to Paar's product portfolio in particle characterisation.

Status: Closed

-MAD ENGINE FINALISES ACQUISITION OF MIGHTY FINE TO COMPETE IN JUNIOR APPAREL MARKET

California, US-based apparel company Mad Engine LLC has finalised its acquisition of California, US-based apparel wholesaler Mighty Fine Inc. to compete in the junior and kids' apparel market, the company said.

Mad Engine said this acquisition comes at a time when the retail landscape is constantly changing, and customers are expecting impeccable design and execution capabilities from suppliers. This was the fourth acquisition for the Mad Engine last year. The company acquired Xtreme Worldwide Inc (its Canadian affiliate), Lifted Research Group and NEFF Headwear.

Status: Closed

-POYNTER ACQUIRES POLITIFACT TO EXPAND FACT-CHECKING RESOURCES

Florida, US-based journalism education company The Poynter Institute has acquired US-based fact-checking website PolitiFact.com from the Tampa Bay Times, to expand fact-checking training, the company said.

Poynter owns the Tampa Bay Times newspaper, which created the PolitiFact initiative in 2007. The formal acquisition and relocation allows Poynter to be engaged in the real time journalism that it teaches. PolitiFact said the move to Poynter allows it to function as a not-for-profit national news organisation, much like Pro-Publica and the Center for Public Integrity. Being at Poynter gives PolitiFact a greater national profile and a structure to pursue donations, membership and foundation funding.

Status: Closed
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Publication:M & A Navigator
Date:Feb 16, 2018
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Previous Article:Kemper to Acquire US Insurer Infinity Property and Casualty in Deal Valued at USD 1.4bn.
Next Article:Deal snapshot: GENERAL DYNAMICS TO ACQUIRE VIRGINIA IT SOLUTIONS PROVIDER CSRA FOR USD 9.6BN.
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