M and A Navigator: Deal pipeline -4 February.

MANews-(C)2009-2015

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

-GREAT PLAINS TO ACQUIRE 51% OF BONJOE GOURMET CHIPS

US-based holding company Great Plains Holdings, Inc. (OTCQB: GTPH) has agreed to acquire 51% of Bonjoe Gourmet Chips LLC for stock and a working capital loan, the company said. The stake is up from 30%, as previously reported. The deal includes an option to acquire another 20% interest in Bonjoe, subject to the results of an in-store blitz marketing campaign featuring Bonjoe's gourmet chips.

Status: Agreed

-AVEW HOLDINGS CLOSES METROPLEX COMMERCIAL POOLS ACQUISITION

US-based holding company Avew Holdings (OTC: AVEW) has completed the acquisition of US-based residential and commercial pool designer and builder MetroPlex Commercial Pools, the company said. Terms of the deal were not disclosed. MetroPlex Pools operates in the Dallas, Texas market. The company has been in business since 1980.

Status: Closed

-DATASTAX ACQUIRES AURELIUS

US-based IT company DataStax has acquired open source graph database developer Aurelius LLC, the company said. Terms of the deal were not disclosed. Aurelius is the company behind the Titan database. DataStax said that the Aurelius team will join the company to build DataStax Enterprise Graph, adding graph database capabilities into DSE alongside Apache Cassandra, DSE Search and Analytics.

Status: Closed

-MAXLINEAR TO ACQUIRE ENTROPIC

US-based chipmakers MaxLinear, Inc. (NYSE: MXL) and Entropic Communications, Inc. (NASDAQ: ENTR) have signed a definitive agreement for MaxLinear to acquire Entropic, the companies said. Under the deal, Entropic shareholders will receive USD 1.20 per share in cash and 0.2200 shares of MaxLinear common stock for each Entropic common share outstanding. The implied total transaction value is approximately USD 287m and the implied enterprise value is USD 181m.

Status: Agreed

-US BANK REGULATORS APPROVE MID PENN BANCORP, PHOENIX BANCORP MERGER

US-based bank holding companies Mid Penn Bancorp, Inc. (NASDAQ: MPB) and Phoenix Bancorp, Inc. (OTC: PXBP) have received all required approvals from the Federal Deposit Insurance Corp., the board of Governors of Federal Reserve System and the Pennsylvania Department of Banking and Securities to complete their proposed merger, the companies said. Mid Penn said it intends to close the transaction on 1 March 2015. The transaction will add four branches to Mid Penn's network and will expand the bank's footprint to include Schuylkill and Luzerne Counties.

Status: Agreed

-HYDRO ACQUIRES SETTLED SOLIDS MANAGEMENT

UK-based water management solutions company Hydro International (AIM: HYD) has purchased the operating assets and brand of US-based Settled Solids Management, the company said on Wednesday. SSM is an established specialist provider of services to remove sand and grit from wastewater treatment plants.

Status: Closed

-EMPIRIC STUDENT PROPERTY ACQUIRES SOUTH LONDON FREEHOLD

UK-based student housing specialist Empiric Student Property plc has completed the acquisition of the freehold on an operational, direct-let, premium student accommodation property in Camberwell, South London for a consideration of GBP 13.25m (USD 20.14m), the company said on Wednesday. Liberty Fields is a conversion of a building that was part built in the 1930s and the 1970s and is part new-build.

Status: Closed

-HAWK INVESTMENT OFFER FOR ARMOUR GROUP ACCEPTED

UK-based investment company Hawk Investment Holdings Ltd.'s mandatory cash offer for the entire issued and to be issued share capital of UK-based consumer electronics group Armour Group plc (AIM: AMR) not already owned has been accepted, and is now wholly unconditional, the company said on Wednesday. Hawk made the 4.75 pence/share cash offer on 16 January 2015. Hawk said that the acceptance condition has been satisfied and, since the acceptance condition was the only condition to the offer, the offer is now wholly unconditional.

Status: Agreed

-ANGLO PACIFIC GROUP TO ACQUIRE ROYALTY INTEREST IN AUSTRALIA COAL PROJECT

UK-based natural resources royalty business Anglo Pacific Group Plc (LSE: APF) (TSX: APY) has entered into a conditional agreement with a private party to acquire their royalty interest in the Australian Narrabri coal project for total consideration of USD 65m (GBP 42.8m), the company said on Wednesday. The Narrabri coal project is a thermal coal and Pulverised Coal Injection coal mine located in New South Wales, Australia operated by Whitehaven Coal Ltd. (WHC: ASX).

Status: Closed

-CONVIVIALITY RETAIL ACQUIRES GT NEWS FOR GBP 6M

UK-based convenience store franchiser Conviviality Retail Plc (AIM: CVR) has entered into an agreement to acquire the entire issued share capital of UK-based convenience store chain GT News Ltd. for a net cash consideration of GBP 6m with a working capital adjustment estimated at approximately GBP 0.3m, the company said on Wednesday. GTN is an independent convenience retailer with 37 stores largely in the East Midlands and Yorkshire.

Status: Closed

-TPG SELLS HALF OF AMERICAN TIRE STAKE TO ARES FUND

A fund managed by the private equity group of Ares Management, L.P. (NYSE: ARES) has entered into an agreement to acquire a significant stake in US-based American Tire Distributors, Inc., resulting in equal ownership between Ares and...

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT