IN Pipeline 20181022 M&A


DEALS WE LIKE:  Blackstone Group has agreed a deal to acquire Ulterra Drilling Technologies, a manufacturer of drill bits and downhole tools for the oil and gas industry, for around $700 million, two sources familiar with the matter said.

Blackstone

** European Union antitrust regulators will rule by Nov. 27 whether to clear U.S. battery maker Energizer Holdings’ $2-billion bid for Spectrum Brands’ battery and portable lighting business.

** American Railcar Industries Inc, majority-owned by billionaire investor Carl Icahn, is selling itself to ITE Rail Fund in a $1.75 billion deal including debt, the company said.

** The head of Telefonica Deutschland called for EU regulators to block Vodafone’s planned acquisition of Liberty Global, saying it would lead to a “quasi-monopolisation” of the German cable TV market.

Continue reading “IN Pipeline 20181022 M&A”

M&A IN Pipeline 20181008


KKR

** KKR & Co has launched a A$1.75 billion ($1.24 billion) takeover offer for MYOB Group after buying almost a fifth of the Australian accounting software provider, as the U.S. private equity firm grows its portfolio of tech businesses.

** Czech lender Moneta Money Bank announced plans on Monday to acquire domestic peer Air Bank and other assets in one of the largest deals in the Czech banking sector in recent years.

** Orsted, the world’s largest offshore wind developer, said it would buy U.S.-based Deepwater Wind LLC for $510 million as part of its strategy to expand in a major growth market.

** Britain’s largest listed insurer Prudential Plc is eager to make acquisitions in Asia and is eyeing distribution partnerships with banks in countries including Indonesia and Vietnam to boost growth, its Asia chief executive said.

** Australian Unity Office Fund said that funds managed by Starwood Capital Asia Ltd raised their buyout offer for the real estate investment trust for a third time, making the deal potentially worth A$480.4 million ($338.9 million).

** Asset manager Schroders Plc and Lloyds Banking Group said on Sunday they were in discussions over a wealth management alliance.

** Britain has sought additional reassurances from cable company Comcast over the editorial independence of the Sky News television channel following the U.S. group’s takeover of broadcaster Sky.

** France would block any moves by a foreign power to gain control of ADP, the airports company whose possible privatization has been approved by the government, Finance Minster Bruno Le Maire said. (Compiled by Aakash Jagadeesh Babu in Bengaluru)

** The European Commission approved without any conditions the acquisition of Swedish Com Hem telecoms services provider by rival Tele2.

** AlixPartners, the interim manager of Abraaj’s $1 billion healthcare fund, has decided to redistribute the troubled private equity firm’s stake in the fund to its other investors, sources familiar with the matter said.

** Apollo Global Management LLC said that it agreed to buy about $1 billion portfolio of equity investments in energy assets from General Electric’s finance arm GE Capital.

** EU antitrust regulators are set to approve Microsoft’s $7.5 billion bid for coding website GitHub without demanding concessions, two people familiar with the matter

** Jose Seripieri Filho, a shareholder and founder of Brazilian healthcare insurer Qualicorp SA, has pledged to acquire at least 150 million reais ($39.1 million) worth of the company’s shares, the firm said.

** Deep-sea oil driller Ensco Plc said it would buy smaller rival Rowan Cos Plc in an all-stock deal valued at $2.38 billion, as it looks to increase its rig count and benefit from Rowan’s joint venture with Saudi Aramco.

** BNP Paribas, France’s largest listed bank, said that it plans to sell part of its 22 percent stake in Indian insurer SBI Life over the coming quarters as local regulation requires a larger free-float for SBI Life.

** China’s Evergrande Health Industry Group Ltd shares slumped, on news it was being sued by electric vehicle (EV) start-up Faraday Future for failing to make a payment and that Faraday was looking to scrap a deal to sell a stake.

** French hospital operator Ramsay Generale de Sante raised its cash bid for Sweden’s Capio by almost 20 percent, valuing the company at around 8.19 billion crowns ($903 million).

** A wealth management tie-up between Schroders and Lloyds would give the asset manager access to the distribution network of Britain’s biggest bank, which would gain investment skills and greater diversification, analysts said.

** Baker Hughes, the world’s second-largest oil services company, will take a 5 percent stake in Abu Dhabi National Oil Company’s (ADNOC) drilling unit for $550 million under a tie-up.

DISCLAIMER: This is a beta blog.  The information is provided by AP, Bloomberg, Forbes, Fortune, preqin, Reuters, TechCrunch, VentureBeat, Wall Street Journal (WSJ), and other 3rd party sources. Please check with the company website or venture capital firm for a press release as this is a beta blog that does not update information.

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Here are a few private deals of interest:

• KKR invested $172 million in Cherwell Software, a Colorado Springs, Colo.-based  ITSM platform. In February 2017, KKR previously made a $50 million investment in the firm.

• Wind River, an Almaeda, Calif.-based software provider to the embedded systems world, was acquired by TPG from Intel.

• Blue Wolf Capital Partners acquired a majority stake in The State Group,a Toronto-based industrial service contractor. Yellow Point Equity Partners has a minority investment. Financial terms weren’t disclosed.

• Azuga, a San Jose, California-based a provider of connected vehicle and fleet technologies, gained a majority investment from Sumeru Equity Partners. Financial terms weren’t disclosed.

• AeroCisiona Chester, Conn.-based provider of aerospace engine components, was acquired by Liberty Hall Capital Partners. AeroCision will be integrated into portfolio company Bromford Industries. Financial terms weren’t disclosed.

• Owen & Co., a Toronto-based portfolio company of Novacap mattress maker, merged with sister company Kingsdown. Financial terms weren’t disclosed.

• ATA RiskStation, a Dallas-based provider of cloud-based portfolio risk analytics, gained an investment from Caruth Capital Partners. Financial terms weren’t disclosed.

• Conga, a Chicago-based portfolio company of Salesforce Ventures and Insight Venture Partners, acquired Counselytics, a New York City-based firm using AI analytics on emails, invoices, and more. Financial terms weren’t disclosed.

• Kian Capital recapitalized The Retrofit Source, an Atlanta-based automotive lighting maker. Financial terms weren’t disclosed.

• Prairie Capital recapitalized Family Allergy & Asthma, a consortium of allergists in Kentucky and Indiana. Financial terms weren’t disclosed.

 Texas Hydraulics, a portfolio company of Wynnchurch Capital, acquired The Oilgear Company, a Traverse City, Mich.-based provider of hydraulic pumps and valves. Financial terms weren’t disclosed.

• Sorenson Capital and Webster Capital recapitalized Home Brands Group Holdings, a Phoenix-based bathroom remodelling franchise. Financial terms weren’t disclosed.

• Bain Capital Private Equity acquired World Wide Packaging,  Florham Park, N.J.-based provider of cosmetic packaging components. Financial terms weren’t disclosed.

• Davey Coach Sales, a portfolio company of Progress Equity Partners, acquired Intermountain Coach, a Colorado Springs-based dealer of mid-sized buses. Financial terms weren’t disclosed.

• PPC Partners acquired C.H. Guenther & Son, a San Antonio, T.X.-based private label food maker. Financial terms weren’t disclosed.

 

DISCLAIMER: This information is provided by AP, Bloomberg, Forbes, Fortune, preqin, Reuters, TechCrunch, VentureBeat, Wall Street Journal (WSJ), and other 3rd party sources. Please check with the company website as this a beta blog and will not be updated.

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Investor Network by JD

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Pipeline & Little Fun


Remember that you are absolutely unique. Just like everyone else.

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Debt funding

Remember our Senior Executive Advisers have worked with KKR, SoftBank, Blackstone, and many more!

Here are a few deals that closed!

• KKR has completed the acquisition of PharMerica Corp, a Louisville, Ky.-based pharmacy services provider, for $29.25 per share or $1.4 billion.

• SK Capital agreed to acquire the fire safety and oil additives businesses the Israel Chemicals Ltd for about $1 billion.

•  SoftBank Vision Fund invested $450 million in Compassa New York-based real estate tech company.

• Blackstone acquired a majority stake in TITUS, an Ottawa-based provider of data classification and categorization solutions. Financial terms weren’t disclosed.

• New Mountain Capital acquired majority ownership stakes in CenseoHealth, a   Dallas-based provider of prospective health assessments for health plans; and Advance Health, a Chantilly, Va.-based provider of prospective health assessment. Financial terms weren’t disclosed.

• Mill Point Capital invested in KKSP Precision Machininga Glendale Heights, Ill.-based machined metal components producer. Financial terms weren’t disclosed.

• Greystar Real Estate Partners acquired Resa, a Spain-based student accommodation provider. Financial terms weren’t disclosed.

• Tiger Infrastructure Partners invested in Crosslake Fibre, which was formed to develop fiber optic cable projects in North America. Financial terms weren’t disclosed.

• LOGOS Resources II, a portfolio company of ArcLight Capital Partners, agreed to acquire WPX Energy‘s legacy gas properties and undeveloped Mancos acreage of the San Juan Basin. Financial terms weren’t disclosed.

• DexKo Global, a portfolio company of KPS Capital Partners, acquired E&P Hydraulics, a German maker of professional leveling system solutions for caravans, motor homes and light commercial vehicles. Financial terms weren’t disclosed.

• Riskonnect, a portfolio company of Thoma Bravo, acquired Aruvio, a California-based provider of cloud-based governance, risk and compliance solutions. Financial terms weren’t disclosed.

• MFG Partners invested in Mail Communications Group, a Des Moines, Iowa-based MCG provider of omnichannel communication services. Financial terms weren’t disclosed.

• Wind Point Partners acquired Pacifica Foods and Stir Foods, two California-based businesses in custom foods manufacturing. Financial terms weren’t disclosed.

• EyeSouth Partners, a portfolio company of Shore Capital Partners, completed a  strategic partnership with Georgia Ophthalmology Associates. Financial terms weren’t disclosed.

• Southfield Capital acquired American Refrigeration Company, an Andover, Mass.-based industrial refrigeration services company. Financial terms weren’t disclosed.

• Togetherwork, a portfolio company of Aquiline Capital Partners, acquiredCapturepoint, a Ridgewood, N.J.-based recreation management software maker. Financial terms weren’t disclosed.

• A group of investors led by Bernhard Capital Partners has acquired three infrastructure management companies: Moreland Altobelli Associates, PAVETEX Engineering and Engineering Testing Services to form Atlas Technical Consultants. Financial terms weren’t disclosed.

• Mill Point Capital invested in KKSP Precision Machining, a Glendale Heights, Ill.-based manufacturers of machined metal components produced on automatic screw machines. Financial terms weren’t disclosed.

• Hamilton Robinson Capital Partners with management and co-investors recapitalized  GrayMatter, a Pittsburgh, Penn.-based, software maker for the industrial space. Financial terms weren’t disclosed.

DISCLAIMER:  This information is provided by AP, Bloomberg, Forbes, Fortune,  preqin, Reuters, TechCrunch, VentureBeat, Wall Street Journal (WSJ), and other 3rd party sources.  Please check with the company website as this a beta blog and will not be updated.

Happy Networking and Investing,

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Pipeline & Unicorn Club


“Efficiency is doing things right; effectiveness is doing the right things.” – Peter Ducker

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PIPELINE ( PRIVATE EQUITY DEALS )

• Baring Private Equity Asia nears deal to acquire Prometric, a Baltimore-based test administration firm, for roughly $1 billion, including debt, sources familiar with the matter told Reuters.

Rhône Capital closed its $500 million investment in Hudson Bay Company, a Toronto-based retailer.

• Wealth Enhancement Group, a portfolio company of Lightyear Capital, acquired CPA Retirement Planning, a Jacksonville, Fla.-based financial adviser. Financial terms weren’t disclosed.

• New Harbor Capital acquired LGM Pharma, a Nashville-based API company. Financial terms weren’t disclosed.

• Auxo Investment Partners acquired MG, a New Orleans-based dry barge transportation and logistics company. Financial terms weren’t disclosed.

• Sedgwick Claims Management, a portfolio company of KKR, acquired Cunningham Lindsey, a Tampa-based global loss adjusting, claims management and risk solutions firm. Financial terms weren’t disclosed.

• Alexandria Moulding, a portfolio company of Industrial Opportunity Partners, acquired House of Fara, a  LaPorte, Ind.-based maker of hardwood mouldings. Financial terms weren’t disclosed.

• Long Point Capital closed its minority recapitalization of Woolpert, an architecture, engineering and geospatial firm. Financial terms weren’t disclosed.

• H.I.G. Growth Partners invested in Carlton Group, a Toronto-based tech firm specializing in SaaS based solutions. Financial terms weren’t disclosed.

• Sprout Socialbacked by NEA, acquired social analytics firm, Simply Measured, a Seattle-based social analytics firm.

DISCLAIMER:  This information is provided by AP, Bloomberg, Forbes, Fortune,  preqin, Reuters, TechCrunch, VentureBeat, Wall Street Journal (WSJ), and other 3rd party sources.  Please check with the company website as this a beta blog and will not be updated.

Happy Networking and Investing,

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Pipeline & The purpose of a business is to create a customer – 2017-11-19


THINK:  Why do business fail?  “The purpose of a business is to create a customer.” – Peter Drucker  Tackling problems that are interesting to solve rather than those that serve a market need was cited as the number one reason for failure in a notable 42% of cases. – CB Insight

For a white paper use this URL:  https://goo.gl/FyY71Z

top-20-reasons-start-ups-fail

PIPELINE ( Private Equity 2017-11-19 )

• Optiv Security, which is backed by KKR, acquired Decision Lab, a big data, automation and orchestration services company. Financial terms weren’t disclosed. (riseSEA knows KKR)

• Cerberus acquired a 3% stake in Deutsche Bank (DB:DBK), according to Reuters. (One of our riseSEA members has $300 million term sheet with DB)

• Bridgepoint agreed to buy the Burger King brand in the UK, according to Reuters. Financial terms weren’t disclosed.

• Shore Points Capital acquired GenAlpha Technologies, a Brookfield, Wisc.-based provider of software and services for original equipment manufacturers. Financial terms weren’t disclosed.

• Equistone Partners Europe Limited made an investment of an undisclosed amount in BFT Mastclimbinga U.K.-based independent specialist for the specification, rental, and installation of mast climbing work platforms. Financial terms weren’t disclosed.

• Serent Capital made an investment of an undisclosed amount in CallRevu, a Baltimore-based provider of automotive dealer call management software.

• Caligor Holdco LLC, which is owned by Diversis Capital, acquired The Coghlan Group, a Bastrop, Texas-based materials management service company for clinical trials. No financial terms were disclosed.

• Spanos Barber Jesse & Co made an investment of an undisclosed amount in DENNIS, a Portland, Ore.-based provider of school uniforms. Financial terms weren’t disclosed.

• Magna5, which is backed by NewSpring Holdings, acquired NetServe365, a  Pittsburgh, Penn.-based managed services provider. Financial terms weren’t disclosed.

• The Riverside Company acquired iView Systemsa Toronto-based provider of public safety software solutions for the gaming and hospitality markets, as an add-on for its Omnigo Software platform. Financial terms weren’t disclosed.

DISCLAIMER:  This information is provided by AP, Bloomberg, Forbes, Fortune,  preqin, Reuters, TechCrunch, VentureBeat, Wall Street Journal (WSJ), and other 3rd party sources.  Please check with the company website as this a beta blog and will not be updated.solutions to hospitals nationwide.

Happy Networking and Investing,

Investor Network by JD

Pipeline – Identifying the Future 2017-11-07


“The import thing is to identify the “future that already happen.”” – Peter

BOTTOMLINE:  Identify the major trends in your market that have already appeared.  What is the likely longevity and impact on your life and organization?

Our motto is “Say Provocative statements that intelligent people argue about fast without dotting your i’s and crossing your t’s. As life is all about fun and results!” – JD Morris

Futre past present

PIPELINE

Jitterbit, an Alameda, Calif.-based API transformation company,  raised $25 million in Series C funding. KKR led the round. (IN knows KKR)

CargoX, a Brazil-based technology company that offers trucking services for corporations, raised $20 million in Series C funding. Goldman Sachs led the round, and was joined by investors including George Soros, Qualcomm Ventures, Agility Logistics, Valor Capital Group and Oscar Salazar. (IN knows Qualcomm Ventures)

Optibus, an Israel-based provider of real-time operations and planning for city-wide mass transportation, raised $12 million in Series A funding. Pitango led the round, and was joined by investors including Verizon Ventures and Sir Ronald Cohen. (IN knows Verizon Ventures)

Madison Dearborn Partners agreed to acquire a majority stake in AmTrust Financial Services’ U.S-based fee businesses. The enterprise value of the deal is $1.15 billion. At the closing, AmTrust, a multinational insurance holding company, will receive gross cash proceeds of about $950 million and retain a 49% stake in the business. (IN knows Madison Dearboard Partners)

Investor Network is partnering with riseSEA has access to who is who leaders that know private equity, venture capital, and who-is-who in the world.  Contact Victoria at INFO@RedHookCapital.co for your strategy session.

DISCLAIMER:  This information is provided by AP, Bloomberg, Forbes, Fortune,  preqin, Reuters, TechCrunch, VentureBeat, Wall Street Journal (WSJ), and other 3rd party sources.  Please check with the company website as this a beta blog and will not be updated.

Happy Investing and Networking,

The Investor Network Team

Investor Network by JD