20180915 M&A IN PIPELINE – SILVER LAKE


Our senior executive advisors know Silver Lake well and would be happy to help with the right deal. #seaprogram  Our record is a letter of intent (LOI) in 24 hours with one of our private equity firms.

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.

M&A IN PIPELINE 09-15-2018

** AMC Entertainment Holdings Inc said it bought back 24 million shares from its top investor Dalian Wanda Group and issued $600 million worth of convertible notes to private equity firm Silver Lake.

** Kinder Morgan Inc has hired investment bank TD Securities to facilitate a potential sale of its Canadian business, which could fetch the U.S. pipeline operator as much as C$2.4 billion ($1.8 billion), people familiar with the situation told Reuters this week.

** British oil major BP has acquired a 61 percent participating interest in the existing onshore Gobustan PSA (product sharing agreement) in Azerbaijan, BP Azerbaijan.

** German energy group Uniper has mandated investment bank Rothschild to explore a sale of its French assets, a person with direct knowledge of the matter said, under pressure from a planned exit from coal-fired power.

** U.S.-based recreational vehicle maker Thor Industries has emerged as the leading bidder for German family-owned peer Erwin Hymer Group in a deal valuing the company at more than 2 billion euros ($2.34 billion), people close to the matter said.

** German retailer Metro AG plans to sell its struggling Real hypermarkets and is confident of interest in the chain, though bankers played down talk it might attract Amazon and a price tag of up to 1 billion euros ($1.2 billion).

** Exchange operator Nasdaq said it planned to buy Swedish financial technology provider Cinnober in a deal valuing the business at around 1.7 billion crowns ($190 million).

** Australian office owner Investa Office Fund said it would postpone a shareholder meeting regarding a takeover offer from private equity firm Blackstone after receiving a rival bid. (Compiled by Bharath Manjesh and Shanti S Nair in Bengaluru).

PRESS RELEASE AMC

LEAWOOD, Kan.–(BUSINESS WIRE)– AMC Entertainment Holdings, Inc. (NYSE: AMC) (“AMC” or “the Company”), announced today that it has entered into an agreement with Silver Lake, the global leader in technology investing. Under the agreement, AMC has issued $600 million senior unsecured convertible notes due 2024, bearing interest at 2.95% and convertible into AMC Class A common shares at $20.50 per share, before giving effect to the special dividend announced today. At $20.50 per share, the pre-dividend conversion price reflects a 17.1% premium to the Reference Price. The Convertible Notes were issued September 14, 2018.

A portion of the proceeds from the Convertible Notes has been used to repurchase 24,057,143 AMC Class B Common shares from, Dalian Wanda Group Co., Ltd (“Wanda”), which represents 31.7% of the AMC Class B common shares held by Wanda, at a price of $17.50 per share. Wanda now owns 51,769,784 AMC Class B Common shares.

A portion of the proceeds from the Convertible Notes will also be used to pay a $1.55 per share special dividend on September 28, 2018 to all AMC Class A Common and Class B Common shareholders of record as of September 25, 2018. The remainder of the proceeds will be used for transaction expenses and general corporate purposes.

Read More:  http://investor.amctheatres.com/file/Index?KeyFile=395005553

AMC

IN Pipeline – 20180807


Beta Blog still here and deals are also closing!  Below are a few private equity deals that closed during summer (deals are getting done).  Our Senior Executive Advisors can help you with Alion, Silver Lake, and other amazing companies and private equity firms.

Private Equity Pipeline

• Silver Lake made an investment in GoodRx, a Santa Monica, Calif.-based provider of prescription and healthcare savings. Financial terms weren’t disclosed.

• DataOnline, which is backed by FFL Partners, acquired Independent Technologies, a provider of hardware, software and services for the telecommunications, oil and gas and power industries. Financial terms weren’t disclosed.

• ONCAP acquired Precision Global, a Greenville, S.C.-based maker of dispensing solutions. Peak Rock Capital was the seller. ONCAP said it invested about $111 million in the deal.

• Webster Capital acquired JBR Clinical Research, a Salt Lake City-based clinical research site manager conducting post-op pain studies on behalf of pharmaceutical companies. Financial terms weren’t disclosed.

• Wynnchurch Capital will acquire Logistik Unicorp Inc, a Canada-based provider of managed uniform programs to corporate and government organizations. Financial terms weren’t disclosed.

• CoolSys, a portfolio company of Audax Private Equity, acquired Energy Squared LLC, a Princeton, N.J.-based energy design consulting engineering firm. Financial terms weren’t disclosed.

• Guardian Capital made an investment in Direct Line, a Fremont, Calif.-based provider of network cabling, infrastructure and staffing services to data centers and other mission critical environments. Financial terms weren’t disclosed.

• Alion, which is backed by Veritas Capital, agreed to acquire MacB, a provider of complex engineering and mission critical technology solutions and services for national security missions. Financial terms weren’t disclosed.

• Source Capital made an investment in Texan Allergy, an Austin, Texas-based provider of management support services to affiliated allergy practices. Financial terms weren’t disclosed.

• Strand Equity made an investment in Van Leeuwen Ice Cream, a Brooklyn-based artisan ice cream brand. Financial terms weren’t disclosed.

• Vista Equity Partners is considering selling Tibco Software Inc, a Palo Alto, Calif.-based provider of infrastructure and business intelligence software. Vista has held early stage talks with potential suitors.

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,

Investor Network By JD

Investor Network by JD

KIA Classic LPGA event & PEG Deals that closed!


Investor Network invites all you snow bird to come visit us here in Carlsbad, CA for sun and fun with special lunch for our members at the KIA Classic at last week of March!  Email JD for details: jdm.networking@gmail.com

And now for deals that closed!

PRIVATE EQUITY GROUP DEALS THAT CLOSED!

Carlyle GroupThoma Bravo

Anytime Fitness, a Hastings, Minn.-based fitness club operator, has raised an undisclosed amount of private equity funding from Roark Capital Groupwww.anytimefitness.com 
Berkshire Partners has agreed to acquire Catalina Marketing, a St. Petersburg, Fla.–based consumer marketing company, from Hellman & Friedman. No financial terms were disclosed, although prior reports suggested that bids could come in at between $2 billion and $2.5 billion. Silver Lake also submitted an offer. www.catalinamarketing.com

The Carlyle Group has agreed to acquire the South Korean security systems unit of Tyco International Inc. (NYSE: TYC) for approximately $1.93 billion in cash. It is the largest private equity deal for a Korean target since 2008. www.carlyle.com

Exponent Private Equity has acquired the assets of The Loch Lomond Distillery Co., a UK-based distiller of Scotch whiskies and vodka. No financial terms were disclosed.www.lochlomonddistillery.com

Fred’s Inc. (Nasdaq: FRED), a Memphis-based chain of retail discount stores and full service pharmacies, has reached out to such possible buyers as H.I.G. Capital, CVS Caremark, Walgreen Co. and Dollar General Corp., according to Bloomberg. The company’s current market cap is around $733 million. www.fredsinc.com

FrontStream Holdings LLC, an online corporate philanthropy platform, has acquired TRUiST, a Washington, D.C.-based provider of philanthropy solutions. FrontStream is a portfolio company ofArsenal Capital Partnerswww.frontstreampayments.com

Kohlberg Kravis Roberts & Co. has acquired a majority stake in Sedgwick Claims Management Services Inc., a Memphis, Tenn.–based provider of claims and productivity management solutions, for $2.4 billion. Sellers include Hellman & Friedman and Stone Point Capital, although Stone Point is joining KKR as a minority equity partner. www.sedgwick.com

Modern Healthcare, a Monrovia, Calif.-based provider of specialty pharma services, has acquired two specialty pharmacies: Total Life Care Rx Pharmacy LLC (New Orleans) and Legacy Rx Holdings LLC (Orlando, FL). No financial terms were disclosed. Modern Healthcare is a portfolio company of Altamont Capital Partners. www.modernhealthinc.com

Northstar Travel Media, a Secaucus, N.J.-based travel media company, has acquired Travel Weekly China, Travel Weekly Asia,and Events China from Singapore-based Contineo Media. No financial terms were disclosed. Northstar Travel is owned by Wicks Group of Companies.www.northstartravelmedia.com

Riverbed Technology Inc. (Nasdaq: RVBD) has received buyout interest at around $25 per share from such firms as Silver Lake, KKR and Thoma Bravo, according to Bloomberg. A $25 per share offer would value the San Francisco-based networking equipment company at around $4.5 billion (including debt). It recently rejected a $21 per share offer from Elliott Management Corp., which previously had offered $19 per share. www.riverbed.com

Saban Capital, Discovery CommunicationsScripps Networks and Viacom all have submitted bids for UK television broadcaster Channel 5, according to the FT. Seller Richard Desmond is seeking around £700 million. www.channel5.com

Transpacific Industries Group (ASX: TPI) has agreed to sell its New Zealand waste management business to state-owned Beijing Capital Group for NZ$950 million (US$798m). Rival bidders included The Carlyle Group and a consortium that included two Maori tribes. www.transpacific.com.au

TriArtisan Capital Partners and Sentinel Capital Partners are in “advanced talks” to buy casual restaurant chain TGI Fridays from a subsidiary of Carlson Cos., according to Reuters. The deal could be valued at between $800 million and $900 million, with Morgan Joseph managing the process.www.tgifridays.com

Information provide by Associated Press, CB Insight, Crunchbase, Forbes, Market Watch, Reuters, and other sources.  Please check company website for best information.

Happy Networking & Investing,

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JD Morris

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