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34 BUYOUTS February 5, 2018www.buyoutsnews.comMARKET INTELLIGENCEThe following charts reflect transactions involving U.S.-based financial sponsors. The categories include seeking buyers, announceddeals, closed transactions. The source for the data is Thomson One, a product of Thomson Reuters Markets. Please contact PaulCentopani at pcentopani@buyoutsinsider.com with questions or comments.DEAL FLOWSeeking Buyers–U.S. Targets (January 4, 2018 - January 22, 2018)CONSUMER STAPLESDateAnnouncedTarget NameTarget CityTarget StateTarget Full Business DescriptionTarget AdvisorsSynopsis01/09/18National BeefPacking Co LLCKansasMissouriNational Beef Packing Co LLC, locatedin Kansas, Missouri, produces andwholesales fresh beef, case-readybeef, beef by-products under theNational Beef name, and other brandedbeef products under the Naturewell,NatureSource, Vintage, Imperial Valley,Certified Premium Beef, Black Canyon,Certified Hereford Beef, and CertifiedAngus Beef names. The company haslocations in Liberal and Dodge, Kansas;Brawley, California; Hummels Wharf,Pennsylvania; Moultrie, Georgia; andKansas City, Kansas. The company wasfounded in 1968.-US - In January 2018, Leucadia NationalCorp announced that it was seeking abuyer for an undisclosed majority interestin National Beef Packing Co LLC, a Kansasbased provider of animal slaughteringservices, a unit of US Premium Beef LLC.01/18/18SmuttynoseBrewing CoHamptonNewHampshireSmuttynose Brewing Co, located inHampton, New Hampshire, is a breweryspecializing in craft beers. The Companywas founded in 1994.-US - In January 2018, Smuttynose BrewingCo, a Hampton-based brewery, announcedthat it was seeking a buyer for the company,via auction.RECENT DEALSAnnounced, Pending LBOs By U.S. Sponsors (January 4, 2018 - January 22, 2018)CONSUMER PRODUCTS AND SERVICESRank DateTarget NameTarget ShortBusinessDescriptionAcquiror Full NameAcquirorUltimateParentRanking Valueinc. Net Debt ofTarget ( Mil)Synopsis01/11/18UndisclosedCannabis CanadaDrugs andDruggists'SundriesMerchantWholesalersNorth AmericanCannabis HoldingsIncAmerCannabisInnovations-CANADA - North American Cannabis Holdings Inc (NACHI) of the US,a unit of American Cannabis Innovations Conglomerated, planned toacquire Undisclosed Cannabis Canada, drugs merchant wholesaler.Concurrently, NACHI planned to acquire Undisclosed Cannabis,California.01/11/18UndisclosedCannabis Co,CaliforniaDrugs andDruggists'SundriesMerchantWholesalersNorth AmericanCannabis HoldingsIncAmerCannabisInnovations-US - North American Cannabis Holdings Inc(NACHI), a unit ofAmerican Cannabis Innovations Conglomerated, planned to acquireUndisclosed Cannabis Co, drugs merchant wholesaler. Concurrently,NACHI, planned to acquire Undisclosed Cannabis Co, Canada.01/05/18de Poel LtdExecutiveSearchServicesGeometric ResultsIncBain CapitalLP-UK - Geometric Results Inc of the US, a unit of MSX InternationalInc, agreed to acquire de Poel Ltd, a Knutsford-based provider ofexecutive search services.01/16/18CDMEnvironmental& TechnicalServices LLCProvidesemissionstestingservicesUSA CompressionPartners LPCarlyle/RiverstoneGlobal-US - USA Compression Partners LP (USAC), a unit of USA CompressionHoldings LLC, definitively agreed to acquire the entire share capital ofCDM Environmental & Technical Services LLC, a Houston-based testinglaboratory, from Energy Transfer Partners LP, ultimately owned bySunoco Logistics Partners LP. Concurrently, USAC definitively agreedto acquire the entire share capital of CDM Resource Management LLC.The two transactions were to have a combined value of USD 1.7 bil. -
February 5, 2018 BUYOUTS 35www.buyoutsnews.comMARKET INTELLIGENCECONSUMER PRODUCTS AND SERVICESRank DateTarget NameTarget ShortBusinessDescriptionAcquiror Full NameAcquirorUltimateParentRanking Valueinc. Net Debt ofTarget ( Mil)Synopsis01/09/18Brambles LtdNorth AmericanRecycledWhitewoodPallet BusinessAll OtherBusinessSupportServicesGrey MountainPartners LLCGreyMountainPartners LLC115.000US - Grey Mountain Partners LLC agreed to acquire North Americanrecycled whitewood pallet business (the business) of Brambles Ltd(Brambles) a Sydney,New South Wales-based provider of businesssupport services, for a total USD 115 mil, in a leveraged buyout transaction.Originally, in August 2017, Brambles was seeking a buyer for its business.01/04/18VatterottEducationalCenters IncCertain Education Corp ofAmericaProspectPartners LLC-US - Education Corp of America, a unit of Prospect Partners LLC,planned to acquire certain assets of Vatterott Educational Centers Inc,a Berkeley-based college operator.01/17/18JanusInternationalGroup LLCManufacturesroll up doorsand buildingcomponentsClearlake CapitalGroup LPReservoirCapitalGroup LLC-US - Clearlake Capital Group LP, a unit of Reservoir Capital Group LLC,agreed to acquire Janus International Group LLC (Janus), a Templebased manufacturer of metal windows and doors, from Saw MillCapital Partners LP, ultimately owned by Saw Mill Capital LLC, in asecondary buyout transaction. Originally, Sawmill Capital Partners LPacquired Janus. Terms were not disclosed.01/09/18One Sixty OverNinety IncAll OtherPersonalServicesEndeavorSilver LakeManagementLLC-US - Endeavor, a unit of WME IMG Holdings Inc, agreed to acquireOne Sixty Over Ninety Inc, a Philadelphia-based provider of personalservices, from Searchlight Capital Partners LP. The terms of thetransaction were not disclosed, but according to sources close to thetransaction, the value was estimated at USD 200 mil.01/09/18SeaborneAirlinesAll Other TravelArrangementandReservationServicesSilver Airways CorpVersa CapitalManagementLLC-PUERTO RICO - Silver Airways Corp of the US, a unit of Versa CapitalManagement LLC, planned to acquire Seaborne Airlines, a San Juanbased provider of travel arrangement and reservation services, fromVersa Capital Management LLC, in an internal reorganization.ENERGY AND POWERRank DateTarget NameTarget ShortBusinessDescriptionAcquiror Full NameAcquirorUltimateParentRanking Valueinc. Net Debt ofTarget ( Mil)Synopsis01/09/18SM EnergyCo-Powder RiverBasin AssetCrudePetroleum andNatural GasExtractionNorthwoods EnergyLLCApolloGlobalManagementLLC500.000US - Northwoods Energy LLC, a unit of Apollo Global ManagementLLC, definitively agreed to acquire Powder River Basin asset of SMEnergy Co, a Denver-based producer of crude petroleum and naturalgas, for an estimated USD 500 mil.01/16/18CDM ResourceManagement LtdPvd gascompressionsvcsUSA CompressionPartners LPCarlyle/RiverstoneGlobal1700.000US - USA Compression Partners LP (USAC), a unit of USA CompressionHoldings LLC, definitively agreed to acquire the entire share capitalof CDM Resource Management Ltd, a Houston- based provider ofpipeline transportation services of refined petroleum products, fromRegency Energy Partners LP, owned by Energy Transfer Partners LP, foran estimated USD 1.7 bil. The consideration was to consist of USD 1.225bil in cash, issuance of 19.191 mil common shares valued at USD 334.889mil, and the issuance of 6. 397 mil class b common shares valued atUSD 140.111. The shares were valued based on USAC's closing stock priceof UDS 17.45 on 15 January 2018, the last full trading day prior to theannouncement. Concurrently, USAC definitively agreed to acquire theentire share capital of CDM Environmental & Technical Services LLC.01/04/18UnitedEnvirotech Water(Changyi) Co LtdPvd wastewatertreatment svcsCITIC Envirotech LtdKKR & Co LP4.995CHINA - CITIC Envirotech Ltd of Singapore, a unit of CKM (Cayman) Co Ltd,planned to acquire the remaining 15% stake, which it did not already own,in United Envirotech Water (Changyi) Co Ltd, a Weifang-based governmentadministration establishment for air and water resource and solid wastemanagement, for a total CNY 32.474 mil (USD 4.995 mil) .01/08/18Lucid EnergyGroup II LLCSupportActivities ForOil and GasOperationsLucid Energy GroupII LLC SPVRiverstoneHoldings LLC1600.000US - Lucid Energy Group II LLC SPV, a special purpose acquisition vehiclejointly owned by Riverstone Holdings LLC and Goldman Sachs Group Inc,definitively agreed to acquire Lucid Energy Group II LLC, a Dallas-basedprovider of support services for oil and gas operations, from EnCapFlatrock Midstream, ultimately owned by EnCap Investments LP, for anestimated USD 1.6 bil in cash, in a leveraged buyout transaction.
36 BUYOUTS February 5, 2018www.buyoutsnews.comMARKET INTELLIGENCEFINANCIALSRank DateTarget NameTarget ShortBusinessDescriptionAcquiror Full NameAcquirorUltimateParentRanking Valueinc. Net Debt ofTarget ( Mil)Synopsis01/11/18HealthfirstFinancial sOne MedCardIncFrontierCapital LLC-US - AccessOne MedCard Inc, a unit of Frontier Capital LLC, agreedto acquire Healthfirst Financial LLC, a Vancouver- based providerof financial investment services. Terms of the transaction were notdisclosed.01/09/18AmTrustFinancialServices IncDirect Propertyand CasualtyInsuranceCarriersAmTrust FinancialServices Inc SPVLeahKarfunkel1184.704US - AmTrust Financial Services Inc SPV, jointly owned by Stone PointCapital LLC, George Karfunkel, Barry Zyskind and Leah Karfunkel,planned to acquire the remaining 49.335% stake, or 96.71 milcommon shares, which it did not already own, in AmTrust FinancialServices Inc, a New York City-based direct property and casualtyinsurance carrier, for USD 12. 25 in cash per share, or a total USD 1.185bil in cash, in a leveraged buyout transaction via an unsolicited offer.01/04/18Simply Money IPHoldings LLCInvestmentmanagementservicesHanson McClain IncParthenonCapitalPartners-US - Hanson McClain Inc, a unit of Parthenon Capital Partners LLC,agreed to acquire the entire share capital of Simply Money IP HoldingsLLC, a Cincinnati- based provider of financial planning, investmentmanagement, and retirement services, in a leveraged buyout transaction.01/04/18FinancialNetwork GroupLtdInvestmentAdviceHanson McClain IncParthenonCapitalPartners-US - Hanson McClain Inc, a unit of Parthenon Capital Partners LLC,planned to acquire the entire share capital of Financial NetworkGroup Ltd, a Cincinnati-based investment advisor.01/16/18BlackhawkNetworkHoldings IncFinancialTransactionsProcessing,Reserve, andClearinghouseActivitiesBlackhawk NetworkHoldings Inc SPVSilver LakeManagementLLC2706.053US - Blackhawk Network Holdings Inc SPV, a special purposeacquisition vehicle formed by Silver Lake Management LLC and P2Capital Partners LLC, definitively agreed to acquire the remaining94.626% or 52.824 mil common shares in Blackhawk NetworkHoldings Inc, a Pleasanton-based provider prepaid gift cards andpayment services, for USD 45.25 in cash per share, or a total value ofUSD 2.448 bil, in a leveraged buyout transaction.01/09/18CourtlandPartners LtdProvidesadvisoryservicesStepStone GroupReal Estate LPStepStoneGroup LP-US - StepStone Group Real Estate LP (Step), a unit of StepStoneGroup LP, planned to acquire Courtland Partners Ltd (Courtland),a Cleveland- based investment advisor. Originally, in June 2017,Courtland was rumored to be seeking a buyer for the Company. Stepwas named as a potential desfinancialservicesSitus Group LLCStone PointCapital LLC-US - Situs Group LLC, a unit of Stone Point Capital LLC, definitivelyagreed to acquire MountainView Financial Solutions, a Denver- basedprovider of financial investment services.HEALTHCARERank DateTarget NameTarget ShortBusinessDescriptionAcquiror Full NameAcquirorUltimateParentRanking Valueinc. Net Debt ofTarget ( Mil)Synopsis01/09/18Southwest OhioGastroenterologyIncOffices OfPhysicians(ExceptMental HealthSpecialists)CMH RegionalHealth SystemApolloGlobalManagementLLC-US - CMH Regional Health System, a unit of RegionalCare HospitalPartnersInc, planned to acquire Southwest Ohio Gastroenterology Inc,a Cincinnati-based physician's office operator.01/16/18HealthFair USAIncPvd mobilehealthscreeningCCHN GroupHoldings IncFrazierHealthcarePartners-US - CCHN Group Holdings Inc, a unit of Frazier Healthcare Partners,agreed to acquire HealthFair USA Inc, a Winter Springs-basedprovider of mobile health screenings.01/08/18Practice FusionIncPvd elecmedicalservicesAllscripts HealthcareSolutions IncVista EquityPartners LLC100.000US - Allscripts Healthcare Solutions Inc, a unit of Misys PLC, agreedto acquire Practice Fusion Inc, a San Francisco-based provider ofambulatory health care services, for an estimated USD 100 mil.HIGH TECHNOLOGYRank DateTarget NameTarget ShortBusinessDescriptionAcquiror Full NameAcquirorUltimateParentRanking Valueinc. Net Debt ofTarget ( Mil)Synopsis01/04/18Connecture IncDvlp webbased salessoftwareFrancisco PartnersLPFranciscoPartners LP103.145US - Francisco Partners LP definitively agreed to merge with Connecture Inc,a Brookfield-based provider of web-based consumer shopping, enrollmentand retention platform services for health insurance distribution, for USD 0.35per share, or a total USD 8.126 mil, in a leveraged buyout transaction.
February 5, 2018 BUYOUTS 37www.buyoutsnews.comMARKET INTELLIGENCEHIGH TECHNOLOGYRank DateTarget NameTarget ShortBusinessDescriptionAcquiror Full NameAcquirorUltimateParentRanking Valueinc. Net Debt ofTarget ( Mil)Synopsis01/05/18Robertshaw USHolding CorpAutomaticEnvironmentalControlManufacturingFor Residential,Commercial,and ApplianceUseOne Rock CapitalPartners LLCOne RockCapitalPartners LLC-US - One Rock Capital Partners LLC definitively agreed to acquireRobertshaw US Holding Corp, an Itasca- based manufacturer ofautomatic environmental controls, from Sun European Partners LLP,ultimately owned by Sun Capital Partners Inc, in a leveraged buyouttransaction. Terms were not disclosed.01/11/18ProVationMedical IncSoftwareReproducingClearlake CapitalGroup LPReservoirCapitalGroup LLC180.000US - Clearlake Capital Group LP, a unit of Reservoir Capital Group LLC, agreed toacquire ProVation Medical Inc, a Minneapolis-based reproducer of software, fromWolters Kluwer NV, for a total USD 180 mil in cash, in a leveraged buyout transaction.01/04/18Weld NorthHoldings LLCSoftwarePublishersSilver LakeManagement LLCSilver LakeManagementLLC-US - Silver Lake Partners, a unit of Silver Lake Management LLC, plannedto acquire an undisclosed majority interest in Weld North Holdings LLC,a Greenwich-based provider of platform of digital and SaaS educationalsolution businesses services, from KKR & Co LP, in a leveraged buyouttransaction. Terms of the transaction were not disclosed.INDUSTRIALSRank DateTarget NameTarget ShortBusinessDescriptionAcquiror Full NameAcquirorUltimateParentRanking Valueinc. Net Debt ofTarget ( Mil)Synopsis01/08/18Centa AntriebeKirschey GmbhMotor VehicleTransmissionand PowerTrain PartsManufacturingRexnord CorpApolloGlobalManagementLLC-GERMANY - Rexnord Corp of the US, a unit of Apollo ManagementLP, planned to acquire Centa Antriebe Kirschey GmbH, a Haan-basedmanufacturer of motor vehicle transmissions and power train parts.01/09/18Safe FleetHoldings LLCMnfr,whlmotor vehiclepartsOak Hill CapitalPartners LPOak HillCapitalPartners LP-US - Oak Hill Capital Partners LP definitively agreed to acquire SafeFleet Holdings LLC, a Belton-based manufacturer of motor vehiclebodies, from The Sterling Group LP, in a leveraged buyout transaction.01/05/18BOSALAutomotiveCarrier &ProtectionSystems GmbHAll OtherMotorVehicle PartsManufacturingTowerBrook CapitalPartners LPTowerBrookCapitalPartners LP-GERMANY - TowerBrook Capital Partners LP of the US planned toacquire BOSAL Automotive Carrier & Protection Systems GmbH, aSankt Egidien-based manufacturer of motor vehicle parts, from BosalNederland Bv, in a leveraged buyout transaction. Terms were notdisclosed.MEDIA AND ENTERTAINMENTRank DateTarget NameTarget ShortBusinessDescriptionAcquiror Full NameAcquirorUltimateParentRanking Valueinc. Net Debt ofTarget ( Mil)Synopsis01/19/18Trace PartnersSASOwn, operatepay televisionstationsTrace Partners SASSPVTPG CapitalLP-FRANCE - Trace Partners SAS SPV of the US, a special purpose acquisitionvehicle formed by TPG Growth LLC, Satya Capital LLP and Evolution MediaCapital LLP, definitely agreed to acquire and undisclosed majority interestin Trace Partners SAS, a Clichy-based television broadcaster, from ModernTimes Group MTG AB, in a leveraged buyout transaction.REAL ESTATERank DateTarget NameTarget ShortBusinessDescriptionAcquiror Full NameAcquirorUltimateParentRanking Valueinc. Net Debt ofTarget ( Mil)Synopsis01/04/18Oaks of VernonHills,ILLessors OfResidentialBuildings andDwellingsOaks of VernonHills,IL SPVAzure CapitalPartners-US - Oaks of Vernon Hills,IL SPV, jointly owned by Azure Capital Partnersand Harbor Group International LLC, agreed to acquire Oaks of VernonHills, a Vernon Hills- based lessor of residential buildings and dwellings.The terms of the transaction were not disclosed, but according to sourcesclose to the transaction, the value was estimated at USD 94 mil.
38 BUYOUTS February 5, 2018www.buyoutsnews.comMARKET INTELLIGENCETELECOMMUNICATIONSRank DateTarget NameTarget ShortBusinessDescriptionAcquiror Full NameAcquirorUltimateParentRanking Valueinc. Net Debt ofTarget ( Mil)Synopsis12/19/17MG Novelty CorpGift, Novelty,and SouvenirStoresParty City Holdco IncThomas HLee Co5.500US - Party City Holdco Inc, a unit of Thomas H Lee Partners LP,planned to acquire MG Novelty Corp, an Oklahoma City-based gift andnovelty store operator, for a total USD 5.5 mil.Closed LBOs By U.S. Sponsors (January 4, 2018 - January 22, 2018)CONSUMER PRODUCTS AND SERVICESDateEffective/UnconditionalTarget NameTarget ShortBusinessDescriptionAcquiror FullNameAcquirorUltimate ParentRanking Valueinc. Net Debt ofTarget ( Mil)Synopsis01/07/18InternationalSystems OfAmerica LLCOther Electronicand PrecisionEquipmentRepair andMaintenanceAlign CapitalPartners LLCAlign CapitalPartners LLC-US - Align Capital Partners LLC acquired an undisclosed majorityinterest in International Systems Of America LLC, a Louisvillebased provider of electronic and precision equipment repair andmaintenance services, from Gen Cap America Inc, in a leveragedbuyout transaction.01/04/18X32 eimprovementconsultingservicesTeam HealthHoldings IncBlackstoneGroup LP-US - Team Health Holdings Inc, a unit of Blackstone GroupLP, acquired X32 Healthcare LLC, a Tamarac-based provider ofmanagement consulting services.01/05/18NPM Services IncProvideselectronicand precisionequipmentrepair andmaintenanceservicesRESA Power LLCBlue Sea CapitalLLC-US - RESA Power LLC, a unit of Blue Sea Capital LLC, acquiredNPM Services Inc, a Cave City-based provider of electronic andprecision equipment repair and maintenance services.01/08/18LP InnovationsIncPvd loss consultsvcsDTT SurveillanceIncBV InvestmentPartners LLC-US - DTT Surveillance Inc, a unit of BV Investment PartnersLLC, acquired LP Innovations Inc, a Milford- based provider ofmanagement consulting services, from LP Innovations Inc SPV.01/19/18PercipientNetworks LLCSecurity SystemsServices (ExceptLocksmiths)WatchGuardTechnologies IncFranciscoPartners LP-US - WatchGuard Technologies Inc, a unit of Francisco PartnersLP, acquired Percipient Networks LLC, a Wakefield-based providerof security systems services.01/19/18MatrixOneSourceIncHumanResources andExecutive SearchConsultingServicesGPB CapitalHoldings LLCGPB CapitalHoldings LLC-US - GPB Capital Holdings LLC acquired an undisclosed majorityinterest in MatrixOneSource Inc, a Jacksonville-based provider ofhuman resources and executive search consulting services, in aleveraged buyout transaction.01/04/18Bark To Basics LlcDog andCat FoodManufacturingAnimal SupplyCo LLCHalifax GroupLLC-US - Animal Supply Co LLC, a unit of Halifax Group LLC, acquiredBark To Basics, an Olathe-based manufacturer of dog and catfoods.01/05/18Vita Liberata LtdToiletPreparationManufacturingCrownLaboratories IncHildred CapitalPartners LLC-UK - Crown Laboratories Inc of the US, a unit of Hildred CapitalPartners LLC, acquired Vita Liberata Ltd, a Ballyclare-basedmanufacturer and wholesaler of perfume and cosmetics. Termswere not disclosed.01/17/18MeTEOREducation LLCWholesalefurniture,equipmentInvestor GroupInvestor Group-US - An investor group, comprised of Saw Mill Capital Partners II LP, aunit of Saw Mill Capital LLC, and the management of MeTEOR EducationLLC (MeTEOR), acquired MeTEOR, a Gainesville-based wholesaler offurniture, from Hudson Ferry Capital LLC (Hudson Ferry), in a secondarybuyout transaction. Terms were not disclosed. Originally, Hudson Ferryacquired a 57.2% interest in Contrax Furnishings LLC.01/04/18Unique Elevators& InteriorsInterior DesignServicesP4g CapitalManagement LlcP4g CapitalMgmt Llc-US - P4g Capital Management Llc acquired Unique Elevators &Interiors, an Alameda-based provider of interior design services,in a leveraged buyout transaction.
February 5, 2018 BUYOUTS 39www.buyoutsnews.comMARKET INTELLIGENCECONSUMER PRODUCTS AND SERVICESDateEffective/UnconditionalTarget NameTarget ShortBusinessDescriptionAcquiror FullNameAcquirorUltimate ParentRanking Valueinc. Net Debt ofTarget ( Mil)Synopsis01/15/18ContinuingEducationAlliance LLCAll OtherMiscellaneousSchools andInstructionRenovus CapitalPartners LPRenovus CapitalPartners LP-US - Renovus Capital Partners LP acquired an undisclosedmajority interest in Continuing Education Alliance LLC, aStamford-based provider of instruction services, in a leveragedbuyout transaction. The transaction was to include PracticingClinicians Exchange.01/04/18ThreebridgeSolutions LLCOtherManagementConsultingServicesRFE InvestmentPartnersRFE InvestmentPartners-US - RFE Investment Partners acquired an undisclosed majorityinterest in Threebridge Solutions LLC, a Minneapolis-basedprovider of management consulting services, in a leveragedbuyout transaction. Terms of the transaction were not disclosed.01/04/18BH CosmeticsWholesalescosmeticsMidOceanPartners LLPRipplewoodHoldings LLC-US - MidOcean Partners LLP, a unit of Ripplewood HoldingsLLC, acquired BH Cosmetics, a Burbank-based drugs merchantwholesaler, in a leveraged buyout transaction. Terms were notdisclosed.01/18/18Watkins IncJR WatkinsPersonal Care &Household Brand& AssetsToiletPreparationManufacturingSwander PaceCapital LLCSwander PaceCapital LLC-US - Swander Pace Capital LLC acquired the JR Watkins personalcare & household brand & assets of Watkins Inc, a Winonabased manufacturer of toilet preparations, in a leveraged buyouttransaction. Terms were not disclosed.CONSUMER STAPLESDateEffective/UnconditionalTarget NameTarget ShortBusinessDescriptionAcquiror FullNameAcquirorUltimate ParentRanking Valueinc. Net Debt ofTarget ( Mil)Synopsis01/09/18PacificoAquaculture SAPIde CVOther AnimalAquacultureButterfly EquityLPButterfly Eq Lp-MEXICO - Butterfly Equity LP of the US acquired PacificoAquaculture SAPI de CV, an El Sauzal de Rodriguez-based aquaticanimal farming establishment, in a leveraged buyout transaction.Terms of the deal were not disclosed.01/09/18AtlantaCheesecake s Inc-US - Dessert Holdings, a unit of Gryphon Investors Inc, acquiredAtlanta Cheesecake Co, a Kennesaw-based commercial bakery,from Panarama Inc. Terms were not disclosed.01/16/18Chicago CustomFoods LLCManufacturesseasoningHighlanderPartners LPHighlanderPartners LP-US - Highlander Partners LP acquired Chicago Custom Foods LLC,an Elk Grove Village- based manufacturer of spices and extracts,from VMG Partners LP, in a leveraged buyout transaction.01/10/18GanniBroadwovenFabric MillsL CattertonL Catterton40.102DENMARK - L Catterton of the US acquired an undisclosed majority interestin Ganni, an Aarhus-based broadwoven fabric mill operator, for a total DKK250.169 mil (USD 40. 102 mil), in a leveraged buyout transaction.ENERGY AND POWERDateEffective/UnconditionalTarget NameTarget ShortBusinessDescriptionAcquiror FullNameAcquirorUltimate ParentRanking Valueinc. Net Debt ofTarget ( Mil)Synopsis01/19/18Equis EnergyDevelopmentsPte LtdAlternativeEnergy SourcesInvestor GroupInvestor Group5000SINGAPORE - An investor group, comprised of Global InfrastructurePartners LLC, jointly owned by GE Infrastructure Inc and Credit SuisseGroup AG, CIC Capital Corp, a unit of the Chinese state-owned ChinaInvestment Corp and Public Sector Pension Investment Board acquiredthe entire share capital of Equis Energy Developments Pte Ltd (EquisEnergy), a Singapore-based alternative energy sources establishment,from Equis Pte Ltd (Equis), for a total SGD 6.813 bil (USD 5 bil) incash. The consideration was to consist of SGD 5.041 bil (USD 3.7 bil)in cash and the assumption of SGD 1.771 bil (USD 1.3 bil) in liabilities.Originally, in March 2017, Equis was rumored to be seeking a buyerfor its renewable-energy assets. The Adani Group, Nebras, RoyalDutch Shell, SoftBank, Orix Corp, APG, I Squared Capital, ElectricityGeneration PLC, Mitsubishi, Engie and State Power Investment Corpwere rumored to be the potential buyer for the transaction.01/16/18Energy Labs IncSteam andAir-ConditioningSupplyVertiv CoPlatinum EquityLLC-US - Vertiv Co, a unit of Platinum Equity LLC, acquired EnergyLabs Inc, a San Diego- based steam and air- conditioning supplysystem operator.
40 BUYOUTS February 5, 2018www.buyoutsnews.comMARKET arget NameTarget ShortBusinessDescriptionAcquiror FullNameAcquirorUltimate ParentRanking Valueinc. Net Debt ofTarget ( Mil)Synopsis01/04/18GovernmentPayment ServiceIncFinancialTransactionsProcessing,Reserve, andClearinghouseActivitiesSecurusTechnologies IncABRY PartnersLLC-US - Securus Technologies Inc, a unit of ABRY Partners LLC,acquired Government Payment Service Inc, an Indianapolisbased provider of financial transactions services, from AdenEnterprises Inc.01/09/18Murray &Co AssetManagement LtdInvestmentAdviceMercer AdvisorsIncGenstar CapitalLLC-US - Mercer Advisors Inc, a unit of Genstar Capital LLC, acquiredMurray & Co Asset Management Ltd, an Austin- based ment IncPortfolioManagementMercer AdvisorsIncGenstar CapitalLLC-US - Mercer Advisors Inc, a unit of Genstar Capital LLC, acquiredPinnacle Investment Management Inc, a Hartford- based portfoliomanager.01/09/18Insurance & R LLC-US - AssuredPartners Inc, a unit of GTCR LLC, acquired Insurance& Risk Management, a Fort Wayne-based insurance agency, fromOld National Bancorp.01/05/18Cosmo InsuranceService CorpProvidesinsuranceservicesHubInternational LtdHellman &Friedman LLC-US - Hub International Ltd, a unit of Hellman & Friedman LLC,acquired Cosmo Insurance Service Corp, an Encino-basedinsurance agency. Terms were not disclosed.01/09/18Neishloss &Fleming IncInsuranceagencyIntegrityMarketingGroup LLCHGGC LLC-US - Integrity Marketing Group LLC, a unit of HGGC LLC, acquiredNeishloss & Fleming Inc, a Pittsburgh-based insurance agency.Terms were not disclosed.01/22/18InsuranceServices GroupIncInsuranceagencyUSI InsuranceServices LLCKKR & Co LP-FLASH : US - USI Insurance Services LLC, jointly owned by KKR & CoLP and Caisse de depot et placement du Quebec, acquired InsuranceServices Group Inc, an Edmonds-based insurance agency.AcquirorUltimate ParentRanking Valueinc. Net Debt ofTarget ( Mil)SynopsisGOVERNMENT AND AGENCIESDateEffective/UnconditionalTarget NameTarget ShortBusinessDescriptionAcquiror FullName01/19/18Integrated FireProtectionFire ProtectionFire & Life Safety Blue PointAmerica IncCapital PartnersLP-US - Fire & Life Safety America Inc, a unit of Blue Point CapitalPartners LP, acquired Integrated Fire Protection, a Norcross-basedgovernment establishment for fire fighting.DateEffective/UnconditionalTarget NameTarget ShortBusinessDescriptionAcquiror FullNameAcquirorUltimate ParentRanking Valueinc. Net Debt ofTarget ( Mil)Synopsis01/04/18AlternativeBiomedicalSolutions LLCMedicalLaboratoriesCentre LanePartners LLCCentre LanePartners LLC-US - Centre Lane Partners LLC acquired Alternative BiomedicalSolutions LLC, a Carrollton-based medical laboratory operator, ina leveraged buyout transaction.01/04/18The SteppingStones GroupHome HealthCare ServicesFive ArrowsCapital PartnersFive ArrowsCapital Partners-US - Five Arrows Capital Partners acquired an undisclosedmajority interest in The Stepping Stones Group, a Lafayette-basedprovider of home health care services, from Shore Capital PartnersLLC, in a leveraged buyout transaction.01/17/18GrowHealthyHoldings LLCPharmaceuticalPreparationManufacturingiAnthus CapitalHoldings InciAnthus CapitalHoldings Inc48.726US - iAnthus Capital Holdings Inc (iAnthus) acquired GrowHealthyHoldings LLC (GrowHealthy), a Lake Wales- based manufacturerof pharmaceutical preparation, for a total USD 48.726 mil. Theconsideration consisted of USD 17.5 mil in cash and 12.103 mil iniAnthus common shares valued at USD 31.226 mil. The shares werevalued based on iAnthus' closing stock price of USD 2.58 on 16January 2018, the last full trading day prior to the announcement.The transaction included certain related subsidiaries ofGrowHealthy which includes GHIAA Management Inc.01/17/18Phillips EyeCenterOffices OfOptometristsOmni EyeServicesNewMainStreamCapital-US - Omni Eye Services, a unit of New MainStream Capital,acquired Phillips Eye Center, an Elmwood Park- basedoptometrist's office operator. Terms were not disclosed.HEALTHCARE
February 5, 2018 BUYOUTS 41www.buyoutsnews.comMARKET arget NameTarget ShortBusinessDescriptionAcquiror FullNameAcquirorUltimate ParentRanking Valueinc. Net Debt ofTarget ( Mil)Synopsis01/22/18Egston and ControlInstrumentsManufacturingPulseElectronics CorpOaktree CapitalGroup LLC-FLASH: AUSTRIA - Pulse Electronics Corp of the US, a unit ofOaktree Capital Management LP, acquired Egston Holdings GMBH,manufacturer of navigational, measuring, electromedical andcontrol Instrumen
Kansas City, Kansas. The company was founded in 1968.-US - In January 2018, Leucadia National . Vatterott Educational : Centers Inc-Certain Assets Colleges, Universities, and Professional . planned to acquire certain assets of Vatterott Educational Centers Inc, a Berkeley-based college operator. 01/17/18: Janus International : Group LLC .
