M and A Navigator: Deal pipeline -8 August.

MANews-(C)2009-2017

The following is a list of deals covered in detail by M and A Navigator this week:

-DFS FURNITURE TO ACQUIRE UK SOFA RETAILER SOFOLOGY

UK-based furniture retailer DFS Furniture plc (LSE: DFS) has exchanged contracts to acquire all the outstanding share capital of UK-based specialist sofa retailer Sofology Ltd. for an initial enterprise value of GBP 25m (USD 32.62m), the company said.

The price is subject to a potential further earn-out payment. The acquisition is subject to regulatory approval. Sofology is a specialist sofa retailer with a network of 37 stores in the UK which together with a strong web presence offers customers a technology-led omni-channel proposition. DFS Furniture said the acquisition will further broaden the group's appeal to customers, through Sofology's distinctive consumer proposition, and as part of the group's portfolio of strong furniture brands.

Status: Agreed

-NON-STANDARD FINANCE TO ACQUIRE UK GUARANTEED LOAN SPECIALIST GEORGE BANCO FOR GBP 53.5M

UK-based non-standard consumer finance company Non-Standard Finance plc (LSE: NSF) has agreed to acquire UK-based finance company George Banco, the company said.

The price is GBP 53.5m (USD 69.81m) in cash. Having launched in April 2014, George Banco has grown to become the number two player in the UK's growing guaranteed loans market, with a total net loan book of approximately GBP 30m. Together with TrustTwo, the group had a combined guaranteed loan book of around GBP 40m as at 30 June 2017, representing approximately 20% of the enlarged group total.

Status: Agreed

-VIPERA CLOSES EUR 1.3M ACQUISITION OF SPANISH SOFTWARE FIRM SOFTTELECOM

UK-based mobile financial services and digital customer engagement solutions provider Vipera plc (AIM: VIP) has closed the acquisition of Spanish software solutions firm SoftTelecom Desarrollos I Mas D S.L., the company said. The company acquired SoftTelecom for a consideration of EUR 1.3m (USD 1.54m) of which EUR 250,000 is subject to retentions to be released over two years.

Vipera has also received applications to subscribe for 40m new ordinary shares in Vipera to raise EUR 2.5m before expenses at a price of 5.5540 pence per subscription share, the company said. Founded in 2005 and based in Madrid, SoftTelecom is a software solutions house, serving clients in the banking, payment service provider including real time payments and telecommunication fields with solutions primarily focused around payment technology and point of sale developments.

Status: Closed

-SAGE GROUP CLOSES USD 850M ACQUISITION OF CLOUD FINANCIAL MANAGEMENT SOLUTIONS FIRM INTACCT

UK-based enterprise software company The Sage Group plc (LSE: SGE) has closed the acquisition of North American cloud financial management solutions provider Intacct Corp., the company said. The total consideration is USD 850m, paid in cash and rolled over Sage options.

Intacct is headquartered in San Jose, California, and serves thousands of businesses in the North American scale-up and enterprise markets4, both directly and through a network of partners. The company has a three-year revenue CAGR in excess of 33%5, with current annualised recurring revenues of USD 96m and revenues in the twelve months to June 2017 of USD 88m, over 90% of which is subscription based.

Status: Closed

-WYNDHAM WORLDWIDE TO SPLIT HOTEL, TIMESHARE BUSINESSES

US-based hospitality company Wyndham Worldwide (NYSE: WYN) plans to spin off the company's hotel business resulting in two separate, publicly traded companies, the company said.

Wyndham Hotel Group, with headquarters in Parsippany, New Jersey, will become a new, publicly traded pure-play hotel company with a portfolio of renowned brands. The timeshare business, Wyndham Vacation Ownership, with headquarters in Orlando, Florida, will be the world's largest publicly traded timeshare company and will be joined with Wyndham Destination Network, home to RCI, the world's largest timeshare exchange company.

Status: Agreed

-GOLDCORP CLOSES ACQUISITION OF REMAINING SHARES OF EXETER RESOURCE AND ITS CHILEAN MINE

Canadian gold producer Goldcorp Inc (TSX: G) (NYSE: GG) has closed an agreement with Chile-focused miner Exeter Resource Corp. (TSX: XRC) (NYSE MKT: EXB) under which Goldcorp has acquired all of the common shares of Exeter not already owned by Goldcorp or its affiliates by way of a plan of arrangement, the company said.

In April, Goldcorp formally launched an offer to acquire all of the issued and outstanding shares of Exeter. This followed an agreement in March, when companies entered into a definitive arrangement agreement pursuant to which Goldcorp has agreed to acquire, by way of a plan of arrangement all of the issued and outstanding shares of Exeter.

Status: Closed

-MANAGEMENT TEAM BACKED BY TRIVEST PARTNERS BUYS PRINT TECHNOLOGY FIRM NOVACOPY

US-based print technology company NovaCopy has been acquired by its current senior management team with equity financing provided by private investment firm Trivest Partners, LP, the company said. Founded in 1999, NovaCopy has 11 locations with revenues of USD 80m in 2016.

NovaCopy has acquired three companies in the past eight months with seven potential acquisitions, in various stages, currently underway. As part of the recapitalisation, NovaCopy provided cash bonuses to long-term employees, which was used by the current NovaCopy senior management team along with equity from Trivest to buy the business from the selling shareholders.

Status: Closed

-TRONOX TO SELL ALKALI CHEMICALS BUSINESS...

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