The weekly wrap: Audax, Autodesk, Blackberry

Target Acquirer Value ($millions) Synopsis Grifols Diagnostic Solutions Inc Shanghai RAAS Blood Products Co Ltd 5,000.0 Shanghai RAAS Blood Products Co Ltd (RAAS) of China signed a letter of intent to acquire the entire share capital of Grifols Diagnostic Solutions Inc, an Emeryville-based manufacturer and wholesaler of medical instruments and supplies, from Grifols SA in exchange for $5 billion. in new RAAS ordinary shares. The transaction would include Grifols subsidiaries. DJO Global Inc Colfax Corp 3,150.0 Colfax Corp definitively agreed to acquire DJO Global Inc, a Vista-based manufacturer and wholesaler of orthopedic products, for $3.15 billion. in cash from DJO Inc, owned by Blackstone Capital Partners V LP. Originally, in August 2018, Blackstone was rumored to be seeking a buyer for DJO. Cylance Inc Blackberry Ltd 1,400.0 BlackBerry Ltd of Canada definitively agreed to acquire the entire share capital of Cylance Inc, an Irvine-based cybersecurity software developer, for $1.4 billion. in cash. Originally, in November 2018, BlackBerry is rumored to be planning to acquire Cylance. Trans Bay Cable LLC Nextera Energy Transmission LLC 1,000.0 NextEra Energy Inc’s unit Nextera Energy Transmission LLC agreed to acquire Trans Bay Cable LLC, a San Francisco-based electric power distributor, for about $1 billion. and the assumption of amount in liabilities from SteelRiver Infrastructure Fund North America LP, owned by John Hancock Life Insurance Co. PlanGrid Inc Autodesk Inc 875.0 Autodesk Inc definitively agreed to acquire PlanGrid Inc, a San Francisco-based software publisher, for $875 million. Resolute Energy Corp Cimarex Energy Co 832.0 Cimarex Energy Co definitively agreed to acquire the entire share capital of Resolute Energy Corp, a Denver-based oil and gas exploration and production company, for $832.005 million. Cimarex offered a choice of $35 in cash, 0.3943 Cimarex common shares per Resolute share, or a combination of $14 in cash and 0.2366 Cimarex common shares per Resolute share, subject to proration whereby 60% of the total consideration will be paid in cash and the remaining 40% in Cimarex common shares. Based on Cimarex’ closing stock price of $88.76 on 16 November 2018, the last full trading day prior to the announcement, each Resolute share was valued at $34.998. Upon completion of the deal, Cimarex and Resolute will respectively own 94.4% and 5.6% of the merged entity. Blommer Chocolate Co Fuji Oil Holdings Inc 750.0 Fuji Oil Holdings Inc of Japan agreed to acquire the entire share capital of Blommer Chocolate Co, a Chicago-based manufacturer of chocolate and confectionery, for $750 mil. Gamestop Corp-Spring Mobile Business Prime Communications LP 700.0 PRG Group Ltd’s unit Prime Communications LP definitively agreed to acquire the Spring mobile business of Gamestop Corp, a Grapevine-based computer and software retailer, for about $700 million. Pellepharm Inc LEO Pharma A/S 690.0 Leo Fondet’s unit LEO Pharma A/S of Denmark agreed to acquire the remaining stake it does not already own in Pellepharm Inc, a San Francisco-based provider of social sciences research and development services, from BridgeBio Pharma LLC for $690 million. EMC Insurance Group Inc Employers Mutual Casualty Co 291.8 Employers Mutual Casualty Co plans to acquire the remaining 45% stake or 9.725 million in common shares it does not already own in EMC Insurance Group Inc, a Des Moines-based provider of property and casualty insurance products and services, for $30 in cash per share or a total of $291.754 million via an unsolicited offer, Avista Pharma Solutions Inc Cambrex Corp 252.0 Cambrex Corp definitively agreed to acquire Avista Pharma Solutions Inc, a Durham-based pharmaceutical preparations manufacturer, for $252 million in cash. VantaCore Partners LLC Sun Capital Partners Inc 205.0 Sun Capital Partners Inc plans to acquire VantaCore Partners LLC, a Philadelphia-based limestone quarry operator, from Natural Resource Partners LP for $205 million via a leveraged buyout transaction. FirstEnergy Generation Corp-West Lorain Facility Vermillion Power LLC 144.0 Starwood Energy Group Global LLC’s unit Vermillion Power LLC agreed to acquire the West Lorain Facility of the bankrupt FirstEnergy Generation Corp, an Akron-based electric power distributor ultimately owned by FirstEnergy Corp, for $144 million via an auction. Biscayne Bancshares Inc First Citizens Bank & Trust Co Inc,Raleigh,North Carolina 115.0 First Citizens Bancshares Inc’s unit First Citizens Bank & Trust Co Inc plans to acquire the entire share capital of Biscayne Bancshares Inc, a Coconut Grove-based commercial bank, for about $115 million. Columbia Vista Corp Western Forest Products Inc 30.5 Western Forest Products Inc of Canada agreed to acquire Columbia Vista Corp, a Vancouver-based sawmill operator, for $30.5 million. National Holdings Corp B Riley Financial Inc 22.9 B Riley Financial Inc agreed to acquire a 56.34% majority stake or 7.037 million common shares in National Holdings Corp, a New York-based securities brokerage, from Fortress Biotech Inc for $3.25 per share or a total of $22.872 million. Ludomade Inc Shareroot Ltd 0.5 Shareroot Ltd of Australia acquired Ludomade Inc, a San Francisco-based provider of computer systems design services, for $0.5 million. United Seating & Mobility LLC AEA Investors LP AEA Investors LP acquired United Seating & Mobility LLC, a Rocky Hill-based manufacturer of surgical appliance and supplies, via a leveraged buyout transaction from Assistive Technology Group Inc, ultimately owned by Audax Group LP. Originally, in September 2018, AEA was rumored to be planning to acquire United Seating & Mobility. QEP Resources Inc-Northwest Louisiana Natural Gas Assets Aethon Energy Management LLC Aethon Energy Management LLC definitively agreed to acquire the assets of Northwest Louisiana natural gas from QEP Resources Inc, a Denver-based producer of crude petroleum and natural gas. CPM Holdings Inc American Securities LLC American Securities LLC acquired CPM Holdings Inc, a Waterloo-based industrial machinery manufacturer, from Gilbert Global Equity Partners LP (GGEP) via a secondary buyout transaction. Originally, GGEP acquired CPM. PlayMonster LLC Audax Group LP Audax Group LP acquired PlayMonster LLC, a Beloit-based toys manufacturer, from Topspin Partners via a leveraged buyout transaction. Vesta Housing Solutions LLC Balmoral Funds LLC Balmoral Advisors LLC’s unit Balmoral Funds LLC acquired a majority interest in Vesta Housing Solutions LLC, a Birmingham-based modular building manufacturer, from Soaring Pine Capital Growth Fund I. Poten & Partners Inc BGC Partners Inc BGC Partners Inc acquired the entire share capital of Poten & Partners Inc, a New York-based provider of freight transportation arrangement services. White Construction Co Inc Congruex LLC Crestview Partners LP’s unit Congruex LLC acquired White Construction Co Inc, a Beaver Dam-based provider of telecommunication contracting services. SOBA TOTTO Create Restaurants NY Inc Create Restaurants Holdings Inc’s unit Create Restaurants NY Inc plans to acquire the entire share capital of SOBA TOTTO, a full-service restaurant operator. Concurrently, Create Restaurants NY plans to acquire the entire share capital of ABURIYA KINNOSUKE. ABURIYA KINNOSUKE Create Restaurants NY Inc Create Restaurants Holdings Inc’s unit Create Restaurants NY Inc plans to acquire the entire share capital of ABURIYA KINNOSUKE, a full-service restaurant operator. Concurrently, Create Restaurants NY plan to acquire the entire share capital of SOBA TOTTO. E H C Medical Offices PLLC Crossroads Holding LLC Revelstoke Capital Partners LLC’s unit Crossroads Holding LLC acquired EHC Medical Offices PLLC, a Harriman-based provider of medical services. Cretic Energy Services LLC Forbes Energy Services Ltd Forbes Energy Services Ltd acquired Cretic Energy Services LLC, a Montgomery-based coiled tubing services provider, from Catapult Energy Services Group LLC. Active Minerals International LLC Golden Gate Capital Inc Golden Gate Capital Inc acquired Active Minerals International LLC, a Sparks-based mine operator for clay, ceramic and refractory minerals, via a leveraged buyout transaction. Ultimus Fund Solutions LLC Gtcr LLC GTCR LLC definitively agreed to acquire Ultimus Fund Solutions LLC, a Cincinnati-based portfolio manager, via a leveraged buyout transaction. Silvergate Bank,San Marcos,California HomeStreet Bank,Seattle,WA Homestreet Inc’s unit HomeStreet Bank definitively agreed to acquire Silvergate Bank, a San Marcos-based commercial bank, from Silvergate Capital Corp, ultimately owned by Wescom Credit Union. Jelli Inc iHeartMedia Inc iHeartMedia Inc, jointly owned by Thomas H. Lee Partners LP and Bain Capital Partners LLC, agreed to acquire Jelli Inc, a San Mateo-based radio network. GeoStabilization International LLC KKR & Co Inc KKR & Co Inc agreed to acquire GeoStabilization International LLC, a Grand Junction-based engineering services provider, from CAI Capital Management Co via a leveraged buyout transaction. Best Market-stores(27) Lidl US LLC Lidl US LLC acquired 27 stores of Best Market, a Bethpage-based supermarket operator. Community Health Systems Inc-South Carolina Hospitals(4) Medical University Hospital Authority Medical University Hospital Authority definitively agreed to acquire 4 South Carolina hospitals of Community Health Systems Inc, a Franklin-based hospital operator. Midori Auto Leather North America Inc Midori Auto leather Co Ltd Midori Auto Leather Co Ltd of Japan acquired an 87% stake in Midori Auto Leather North America Inc, a Novi-based leather goods manufacturer. Advangelists LLC Mobiquity Technologies Inc Mobiquity Technologies Inc plans to merge with Advangelists LLC, a Seattle-based provider of graphic design services. ABA of North Texas LLC Pharos Capital Group LLC Pharos Capital Group LLC acquired ABA of North Texas LLC, a Plano-based owner and operator of behavioral services centers, via a leveraged buyout transaction. USAA Real Estate Co-Troy Block Office Buildings Pontegadea Inmobiliaria SL Pontegadea Inmobiliaria SL of Spain is rumored to be planning to acquire the Troy Block office buildings of USAA Real Estate Co, a San Antonio-based real estate agency ultimately owned by United Services Automobile Association. According to sources, the deal is expected to be valued at around $750 mil. Nuance Communications Inc-Automotive Business Shareholders Nuance Communications Inc plans to spinoff its automotive business to its shareholders. Pearson’s Candy Co Spell Capital Partners LLC Spell Capital Partners LLC acquired Pearson’s Candy Co, a St. Paul-based manufacturer of chocolate and confectionery, via a leveraged buyout transaction. General Electric Capital Corp-Healthcare Equipment Finance Business Loans Portfolio TIAA Bank TIAA Bank, a unit of EverBank Financial Corp, ultimately owned by Teachers Insurance and Annuity Association, acquired the portfolio of healthcare equipment finance business loans from General Electric Capital Corp, a Norwalk-based savings and loan holding company ultimately owned by General Electric Co. ST Products LLC Waybill USA Inc Waybill USA Inc acquired ST Products LLC, a Duncansville-based manufacturer of steel pipes and tubes, from Quilvest USA Inc, ultimately owned by Quilvest SA. US M&A Deals Announced November 16 to 22, 2018 Source: Thomson Reuters