The weekly wrap: Blackstone, MGM, Polaris

Target Acquirer Value ($millions) Synopsis Meridian Health Plan Of Michigan Inc Wellcare Health Plans Inc 2,500.0 Wellcare Health Plans Inc definitively agreed to acquire Meridian Health Plan of Michigan Inc, a Detroit-based direct health and medical insurance carrier, for $2.5 billion in cash. The transaction will include Meridian Health Plan of Illinois Inc and MeridianRx. NGL Propane LLC Superior Plus Corp 900.0 Superior Plus Corp of Canada definitively agreed to acquire NGL Propane LLC, a Tulsa-based natural gas distributor, from NGL Energy Partners LP for $900 million. Empire City Casino MGM Resorts International 850.0 MGM Resorts International definitively agreed to acquire the Empire City Casino in New York City, for around $850 million. Boat Holdings LLC Polaris Industries Inc 825.0 Polaris Industries Inc definitively agreed to acquire the entire share capital of Boat Holdings LLC, an Elkhart-based provider of boat building services, from Balmoral Advisors LLC’s unit Balmoral Funds LLC for about $825 million in cash. TMC Bonds LLC Intercontinental Exchange Inc 685.0 Intercontinental Exchange Inc agreed to acquire TMC Bonds LLC, a New York-based securities brokerage, for $685 million in cash. Dunbar Armored Inc Brink’s Co 519.8 Brink’s Co agreed to acquire the entire share capital of Dunbar Armored Inc, a Hunt Valley-based provider of armed car services, for about $519.75 million in cash. Franklin American Mortgage Co Inc Citizens Bank National Association 511.0 Citizens Bank National Association, a unit of Citizens Financial Group Inc, definitively agreed to acquire Franklin American Mortgage Co Inc, a Franklin-based loan broker, for $511 million in cash. Dorian LPG Ltd BW LPG Ltd 433.2 BW LPG Ltd of Singapore plans to acquire the entire share capital of Dorian LPG Ltd, a Stamford-based provider of deep sea freight transportation services, for $433.236 million via a stock swap transaction and an unsolicited offer. BW LPG offered 2.05 BW ordinary share per 1 Dorian common share. Based on BW’s closing stock price of $3.835 on 28 May 2018, the last full trading day prior the announcement, each Dorian share was valued at $7.862. Haymaker Resources LP-Mineral & Royalty Interests Kimbell Royalty Partners LP 404.0 Kimbell Royalty Partners LP agreed to pay $404 million to acquire the mineral & royalty assets of Haymaker Resources LP, a Dallas-based mineral and royalty acquisition company ultimately owned by Haymaker Minerals & Royalties LLC. The consideration will consist of $210 million in cash and 10 million common shares valued at $194 million. The shares were valued based on Kimbell’s closing stock price of $19. 4 on 25 May 2018, the last full trading day prior to the announcement. Conitex Sonoco USA Inc Sonoco Products Co 133.0 Sonoco Products Co definitively agreed to acquire the remaining 70% interest, which it did not already own, in Conitex Sonoco USA Inc, a Gastonia- based manufacturer of food containers, from its joint venture partner Texpack Inc, for a total $133 million in cash. Schmidt’s Commons Post Brothers Inc 130.0

Post Brothers Inc plans to acquire an undisclosed majority interest in Schmidt’s Commons, an apartment complex in Philadelphia, for $130 million from Oaktree Capital Group LLC and Kushner Companies, the property group owned by President Donald Trump’s son-in-law and senior advisor, Jared Kushner.

Fracta Inc Kurita Water Industries Ltd 37.0 Kurita Water Industries Ltd of Japan agreed to acquire a 50.1% interest in Fracta Inc, a Redwood City-based software publisher, for about $37 mil. Virginian-Pilot Media Cos LLC Tronc Inc 34.0 Tronc Inc acquired the entire share capital of Virginian-Pilot Media Cos LLC, a Norfolk-based newspaper publisher, from Landmark Media Enterprises LLC for $34 mil. Community First Bancorp Inc,Reynoldsville,Pennsylvania Emclaire Financial Corp 17.7 Emclaire Financial Corp definitively agreed to merge with Community First Bancorp Inc, a Reynoldsville-based commercial bank, for $17.651 million via a stock swap transaction. Emclaire offered $6.95 in cash per share or a total of $2.552 and 1.2 common shares per CFB stock valued at $15.099. The shares were valued based on Emclaire’s closing stock price of $34.25 on 24 May 2018, the last full trading day prior to the announcement of the transaction. NC-47 Solar Project New Energy Solar Ltd 11.6 New Energy Solar Ltd (New Energy) of Australia agreed to acquire the remaining 10% stake it does not already own in the NC-47 Solar power generation facility from VivoPower Development LLC, a unit of VivoPower International PLC. Concurrently, New Energy agreed to acquire the remaining 14.45% stake it does not already own in the Nc-31 Solar Project. Both transactions have a combined value of $11.6 mil. Hyperfish Inc LiveTiles Ltd 6.7 LiveTiles Ltd of Australia agreed to acquire the entire share capital of Hyperfish Inc, a Kirkland-based software firm, for $6.713 million. The consideration will consist of the issuance of 8.74 million common shares valued at $2.747 million and up to $3.966 million in profit-related payments. Blackpoint Technology LLP Investor Group 6.0 An investor group, comprising Adelphi Capital LLP, Maryland Venture Capital Trust and Telcom Ventures LLC acquired the remaining stake it does not already own in Blackpoint Technology LLP, a Rumson-based provider of data processing and hosting services, for $6 million via a privately negotiated transaction. Siloam Biosciences Inc MiCo BioMed Co Ltd 4.3 MiCo BioMed Co Ltd (MB) of South Korea plans to acquire the entire share capital of Siloam Biosciences Inc, a Cincinnati-based manufacturer of surgical appliance and supplies, for $65.757 in cash and 0.610 million newly issued ordinary shares valued at $4.347 million. The shares were valued based on MB’s closing stock price of KRW 7,700 (USD 7.123) on 24 May 2018, the last full trading date prior to the announcement. XENOHolographic Inc Imagination Park Entertainment Inc 2.5 Imagination Park Entertainment Inc of Canada definitively agreed to acquire the remaining 50% stake it does not already own in XENOHolographic Inc, a provider of custom computer programming services, from its joint venture partner Interknowlogy LLC, for $2.45 million. The consideration will consist of $0.2 million in cash, $1. 8 million convertible notes and the issuance of 1.829 million common shares valued at $0.45 million. The shares were valued based on IPE’s closing stock price of $0.246 on 25 May 2018, the las full trading day prior to the announcement of the transaction. Tru Investments LLC Pvr Holdings LLC 0.7 PVR Holdings LLC definitively agreed to acquire Tru Investments LLC, a provider of real estate services, from Trius Investments Inc for $0.725 mil. FFCM LLC AGF Management Ltd AGF Management Ltd of Canada acquired FFCM LLC, a Boston-based investment advisor. Ultra Scientific Inc Agilent Technologies Inc Agilent Technologies Inc definitively agreed to acquire Ultra Scientific Inc, a North Kingstown-based provider of technical consulting services. Borate & Lithium Exploration Projects(2) American Pacific Borate & Lithium Ltd American Pacific Borate and Lithium plans to spend $3 million to acquire a 100% stake in the Salt Wells North and Salt Wells South borate and lithium exploration projects in Nevada, US. Aspirion Health Resources LLC Aquiline Capital Partners LLC Aquiline Capital Partners LLC acquired Aspirion Health Resources LLC, a Columbus-based provider of claims adjusting services, from BIP Capital and other investors via a leveraged buyout transaction. Aspirion Health Resources LLC Aquiline Capital Partners LLC Aquiline Capital Partners LLC acquired Aspirion Health Resources LLC, a Columbus-based provider of claims adjusting services, from BIP Capital via a leveraged buyout transaction. Thomas Costello Insurance Agency Inc Arthur J Gallagher & Co Arthur J Gallagher & Co acquired Thomas Costello Insurance Agency Inc, a Simi Valley-based insurance agency. Prepworks LLC Asteria Education Inc Asteria Education Inc acquired Prepworks LLC, a Miami-based provider of educational support services. Wilke Global Inc Astute Solutions Astute Solutions acquired Wilke Global Inc, a Dublin-based provider of custom computer programming services. Wild Calling Pet Foods LLC Barkstrong LLC Barkstrong LLC acquired Wild Calling Pet Foods LLC, a Los Angeles-based manufacturer of dog and cat foods. Great Life Petfood LLC Barkstrong LLC Barkstrong LLC acquired Great Life Petfood LLC, a Woodland Hills-based manufacturer of dog foods. Modera At Observatory Park Apartments Bascom Group LLC Bascom Group LLC acquired Modera Observatory Park, an apartment building in Denver, Colorado via a leveraged buyout transaction for about $92.5 mil. Westwood Metes & Bounds Realty Ltd Berkshire Hathaway HomeServices Hudson Valley Properties Berkshire Hathaway HomeServices Hudson Valley Properties acquired Westwood Metes & Bounds Realty Ltd, a Kingston-based real estate agency. La Quinta Resort & Club Blackstone Group LP Blackstone Group LP acquired La Quinta Resort & Club from the Singapore state-owned GIC Pte Ltd via a leveraged buyout transaction. Concurrently, Blackstone Group LP acquired the PGA WEST golf course and country club in La Quinta. PGA West Blackstone Group LP Blackstone Group LP acquired the PGA West golf course and country club in La Quinta from the Singapore state-owned GIC Pte Ltd via a leveraged buyout transaction. Concurrently, Blackstone Group LP acquired the La Quinta Resort & Club. Packet Design LLC Ciena Corp Ciena Corp definitively agreed to acquire Packet Design LLC, an Austin-based software publisher, from Lone Rock Technology Group LLC. Esmi Co Clean Earth Inc Clean Earth Inc, a unit of Compass Diversified Holdings, acquired Esmi Co, a Fort Edward-based provider of remediation services. Williams Equipment & Supply Co Inc Construction Supply Holdings LLC Construction Supply Holdings LLC, a unit of The Sterling Group LP, acquired Williams Equipment & Supply Co Inc, a Memphis-based lessor of machinery and equipment. Jackson Hewitt Tax Service Inc Corsair Capital LLC Corsair Capital LLC acquired Jackson Hewitt Tax Service Inc, a Parsippany-based provider of tax preparation services, via a leveraged buyout transaction from Bayside Capital Inc, ultimately owned by HIG Capital LLC. Bubbl Inc Cricket Media Group Ltd Cricket Media Group Ltd, a unit of Cricket Acquisition Group Inc, acquired Bubbl Inc, a New York City-based software publisher. Respiratory Therapeutics Group Cutting Edge Inc Cutting Edge Inc acquired Respiratory Therapeutics Group, a manufacturer of navigational, measuring, electromedical and control Instruments. Department of Veterans Affairs {VA}(United States of America) Easterly Government Properties Inc Easterly Government Properties, Inc. has acquired a 56,753 sq ft Acquisitions and Logistics Center in Golden, Colorado Built in 1996 and fully renovated in 2011, the facility is leased to the Department of Veterans Affairs for an initial 15-year tenure that expires in September 2026. Epatientfinder Elligo Health Research Elligo Health Research acquired Epatientfinder, a provider of ambulatory health care services. Hudson Fiber Network Inc ExteNet Systems Inc ExteNet Systems Inc definitively agreed to acquire the entire share capital of Hudson Fiber Network Inc, a Paramus-based wired telecommunications carrier, from Tiger Infrastructure Partners LP. Lumeta Corp FireMon LLC FireMon LLC, a unit of Insight Venture Partners LLC, agreed to acquire Lumeta Corp, a Somerset-based manufacturer of communications equipment. Fulcrum Financial Data LLC Fitch Inc Fitch Inc, a unit of Hearst Corp, agreed to acquire Fulcrum Financial Data LLC, a New York City- based provider of financial analysis data and news, from Leeds Equity Partners LLC. HireRight Inc General Information Services Inc General Information Services Inc, a unit of Societe Generale SA, definitively agreed to merge with HireRight Inc, an Irvine-based provider of on-demand employment background checks, from AlphaMed Ltd, owned by SureCalm Healthcare Ltd. Pastor Behling & Wheeler LLC Golder Associates Corp Golder Associates Corp of Canada acquired Pastor Behling & Wheeler LLC, a Round Rock-based provider of engineering services. The Liaison Group Greenspoon Marder Greenspoon Marder acquired The Liaison Group, a provider of administrative management and general management consulting services. OTC National LLC Home Bay Technologies Inc Home Bay Technologies Inc acquired a 50% stake in OTC National LLC, a Pittsburgh-based settlement office. Applied Fusion Inc IMG Cos LLC IMG Cos LLC, a unit of Addison Capital Partners LLC, acquired Applied Fusion Inc, a San Leandro-based machine shop operator. Milford National Bank & Trust Co Independent Bank Corp,Rockland,MA Rockland-based Independent Bank Corp plans to acquire the remaining stake it does not already own in Milford National Bank & Trust Co, a Milford-based commercial bank, from Kevin P Meehan. BMC Software Inc KKR & Co LP Via a leveraged buyout transaction, KKR & Co LP plans to acquire BMC Software Inc, a Houston-based software publisher, from Bain Capital LLC, Singapore state-owned GIC Special Investments Pte Ltd, Golden Gate Capital Inc and Insight Venture Partners LLC. Evolution Research Group LLC Linden LLC Linden LLC acquired Evolution Research Group LLC, a Watchung-based provider of clinical research services, via a leveraged buyout transaction. LinQuest Corp LinQuest Corp SPV LinQuest Corp SPV, a special acquisition vehicle created by CoVant Inc and Madison Dearborn Partners LLC, acquired an undisclosed majority interest in LinQuest Corp, a Los Angeles-based provider of computer facilities management services, via a leveraged buyout transaction. 3 Arts Entertainment Inc Lions Gate Entertainment Corp Lions Gate Entertainment Corp acquired an undisclosed majority interest in 3 Arts Entertainment Inc, a Beverly Hills-based producer of motion pictures and videos. ScoreMore LLC Live Nation Entertainment Inc Live Nation Entertainment Inc acquired an undisclosed majority interest in ScoreMore LLC, an Austin-based event promoter. Pensacola Stevedore Co Inc Logistec Corp Logistec Corp of Canada acquired Pensacola Stevedore Co Inc, a Pensacola-based provider of support services for water transportation. Pulp Riot L’Oreal SA L’Oreal SA of France, acquired Pulp Riot, a Los Angeles-based manufacturer of hair coloring products. FrontStream Holdings LLC Marlin Equity Partners LLC Marlin Equity Partners LLC acquired FrontStream Holdings LLC, a Cambridge-based software publisher via a leveraged buyout transaction. FLUX Carbon Corp Meridian Waste Solutions Inc Meridian Waste Solutions Inc acquired an 80% stake in FLUX Carbon Corp, an Alpharetta-based intermediator. Crumb Technologies Inc Metallicus Inc Metallicus Inc acquired Crumb Technologies Inc, an Omaha-based provider of custom computer programming services. Simkar Corp Neo Lights Holdings Inc Neo Lights Holdings Inc acquired Simkar Corp, a Philadelphia-based manufacturer of lighting equipment. Nc-31 Solar Project New Energy Solar Ltd New Energy Solar Ltd of Australia agreed to acquire the remaining 14.45% stake it does not already own in the Nc-31 Solar power generation facility from VivoPower Development LLC, a unit of VivoPower International PLC. Concurrently, New Energy Solar Ltd agreed to acquire the remaining 10% stake it does not already own in the NC-47 Solar Project. Both transactions have a combined value of $11.6 mil. Majuba Hill LLC-Majuba Hill Copper Project New Point Exploration Corp New Point Exploration Corp of Canada agreed to acquire Majuba Hill Copper Project of Majuba Hill LLC, a Reno-based copper ore mining company. RKF Retail Holdings LLC Newmark Group Inc Newmark Group Inc agreed to acquire RKF Retail Holdings LLC, a New York City-based real estate firm. CodiPark Ltd ParkWhiz LLC ParkWhiz LLC acquired CodiPark Ltd, a New York City-based software publisher. Dowco Inc Patrick Industries Inc Patrick Industries Inc acquired Dowco Inc, a Manitowoc-based manufacturer of boat covers and accessories, from CMW Holding Co. Exeter Township-Wastewater System Assets Pennsylvania American Water Co Pennsylvania American Water Co, a unit of American Water Works Co Inc, agreed to acquire wastewater system assets of Exeter Township in Reading. Bare Foods Co PepsiCo Inc PepsiCo Inc definitively agreed to acquire Bare Foods Co, a San Francisco-based wholesaler of fruits and vegetables chips. Safari Energy LLC PPL Corp PPL Corp acquired Safari Energy LLC, a New York City-based power generation facility operator. Arcadian Apartments,Silver Spring,MD Quest Holdings LLC Quest Holdings LLC acquired Arcadian Apartments, a Silver Spring-based lessor of residential buildings and dwellings. Healthcarefirst Inc ResMed Inc ResMed Inc definitively agreed to acquire Healthcarefirst Inc, a Springfield-based provider of electronic health record software, from The Riverside Co. Integra Logistics Services LLC Roar Logistics Inc Roar Logistics Inc, a unit of Rich Products Corp, acquired Integra Logistics Services LLC, a Houston-based provider of transportation and logistics services. Dashtab SaaScend LLC SaaScend LLC acquired Dashtab, a software publisher, from Bitmatica LLC. W-T Global LLC Sanghvi Brands Ltd Sanghvi Brands Ltd of India signed a letter of intent to acquire W-T Global LLC, a New York City-based intermediator. Transbotics Corp Scott Technology Ltd Scott Technology Ltd of New Zealand agreed to acquire the entire share capital of Transbotics Corp, a Charlotte-based manufacturer of automatic guided vehicles and carts. ICU Medical Inc-Medical Device Business Smiths Group PLC-Medical Device Business The UK’s Smiths Group PLC-Medical Device Business, a unit of Smiths Group PLC, is planning to merge with the medical device business of ICU Medical Inc, a San Clemente-based manufacturer of medical instruments. Last month, Smiths Group PLC and ICU Medical Inc were rumored to be planning to merge their medical device businesses. Frosty Freez Star Buffet Inc Star Buffet Inc agreed to acquire Frosty Freez, a Big Timber-based full-service restaurant operator. Risk Management America LLC Sunz Holdings LLC Sunz Holdings LLC acquired Risk Management America LLC, an Oak Park-based provider of risk consulting services. Energid Technologies Corp Teradyne Inc Teradyne Inc acquired Energid Technologies Corp, a Cambridge-based developer of motion control software for robotics. Versatex Building Products LLC The Azek Co LLC The Azek Co LLC definitively agreed to acquire Versatex Building Products LLC, an Aliquippa-based manufacturer of plastics products. Bizness Apps Inc Think3 Inc Think3 Inc of Italy, a unit of Versata Inc, acquired Bizness Apps Inc, a La Jolla-based software publisher. LogRhythm Inc Thoma Bravo LLC Thoma Bravo LLC agreed to acquire an undisclosed majority interest in LogRhythm Inc, a Boulder-based software publisher, via a leveraged buyout transaction. Derma E Topix Pharmaceuticals Inc Topix Pharmaceuticals Inc, a unit of New Mountain Capital LLC, acquired Derma E, a cosmetics retailer. Haywire Group Inc University Games Corp University Games Corp acquired Haywire Group Inc, an Indian Orchard-based manufacturer of dolls and stuffed toys. US Fitness Products Inc US Fitness Products Inc SPV US Fitness Products Inc SPV, a special purpose acquisition vehicle formed by Delos Capital LLC and HRS Management LLC, acquired an undisclosed majority interest in US Fitness Products Inc, a Raleigh-based provider of health and fitness services. Receptiv Verve Wireless Inc Verve Wireless Inc acquired Receptiv, a New York City-based advertising agency. Galaxy Wine Co LLC Wilson Daniels LLC Wilson Daniels LLC, a unit of Young’s Holdings Inc, plans to acquire Galaxy Wine Co LLC, a Portland-based wholesaler of alcoholic beverages. SaaS Transportation Inc WiseTech Global Ltd WiseTech Global Ltd of Australia acquired SaaS Transportation Inc, a Destin-based provider of data processing and hosting services. US M&A Deals Announced May 25 to May 31, 2018 Source: Thomson Reuters