The following is a list of deals covered in detail by M and A Navigator this week:
-MUHLHAUSER ACQUIRES OBERMANN SYSTEMS
German tunnelling and mining logistics equipment specialist Karl-H. MA1/4hlhauser GmbH and Co. KG has acquired Obermann Systems, the company said on Monday. Obermann Systems offers injection and grouting technology for tunnels and special foundation construction. According to MA1/4hlhauser, Obermann's product range fits well with MA1/4hlhauserA's logistics offering. Under the deal, MA1/4hlhauser is taking over 100% of the Obermann share capital, as well as all employees and will be transferring business operations to Michelstadt, Germany over the course of 2015.
-ARES FUND ACQUIRES IVG INSTITUTIONAL EUROPEAN RE PORTFOLIO
A fund in US-based alternative asset manager Ares Management, L.P.'s (NYSE: ARES) real estate group has acquired a 45,000-square-meter office and retail portfolio consisting of eight properties located across five European countries from IVG Institutional Funds, the company said on Monday. According to Ares, the properties are located the UK, Germany, Sweden, Poland and the Netherlands. The portfolio was valued at more than EUR 100m, and this transaction represents one of the first multi-jurisdictional portfolio sales since the financial crisis more than six years ago.
-DDM TREASURY SWEDEN ACQUIRES HUNGARIAN FINANCIAL SERVICES FIRM ZRT
Swedish investor and distressed asset manager DDM Holding AG has acquired 100% of the shares in Summit Zrt a regulated Hungarian financial services company through its DDM Group AG subsidiary from Japan's Sumitomo Corp, the company said on Monday. Terms of the deal were not disclosed. Summit Zrt owns a portfolio of consumer debts relating to loans originated on the Hungarian market.
-ARM ACQUIRES INTERNET OF THINGS SECURITY SPECIALIST
UK-based mobile device chipmaker ARM has acquired Dutch Internet of Things security software company Offspark, the company said on Monday. Offspark specialises in IoT communications security and its PolarSSL technology is deployed in a range of devices including sensor modules, communication modules and smartphones.
-FRONTIER SERVICES ACQUIRES CONGO TRANSPORTATION COMPANY
Hong Kong-based investment holding company Frontier Services Group, Ltd. has entered into an agreement to acquire a privately-held transportation company headquartered in the Democratic Republic of the Congo, the company said. According to Frontier, the target company is an established and licensed transportation business in the DRC with trucks, trailers, forklifts and related logistics, servicing, and maintenance equipment.
-TALMER BANCORP CLOSES USD 13.4M FIRST OF HURON ACQUISITION
US-based bank holding company Talmer Bancorp, Inc (NASDAQ: TLMR) has completed its acquisition of First of Huron Corp., Talmer said. The deal includes First of Huron's Signature Bank subsidiary. Talmer paid approximately USD 13.4m in cash for all of the outstanding shares of common stock of First of Huron Corp. in the transaction.
-JZ CAPITAL PARTNERS ACQUIRES US NUKE PLANT INSPECTOR
UK-based private equity fund JZ Capital Partners, Ltd. and investment partner The Edgewater Funds have acquired nuclear inspection specialist US-based National Inspection and Consultants, LLC, the companies said on Monday. The final purchase price is still to be finalised but is expected to be between USD 9-10m. JZCP owns 37.4% of the combined entity on a fully-diluted basis.
-CORAC CLOSES SHAW SHEET METAL ACQUISITION
UK-based specialist engineering company Corac Group plc has acquired the business and assets of UK-based Shaw Sheet Metal Co. Ltd., the company said on Monday. According to Corac, the purchase was completed for a cash consideration of GBP 0.8m (USD 1.22m), funded using the group's existing cash (GBP 9.6m at 31 December 2014) with an expected payback of less than three years.
-CAPE, PREZIOSO LINJEBYGG FROM UK JV
Singapore-based industrial services company Cape plc and energy and French natural resources support services provider Prezioso Linjebygg SAS have agreed to create a joint venture company in order to support the upcoming new-build nuclear programme in the UK, the company said on Monday.
-RICHLAND WINS TANZANIAN GOVERNMENT NOD FOR MINING SALE
Bermuda-based gemstone producer and developer Richland Resources Ltd. (AIM: RLD) has received approvals from The Minister of Energy and Minerals of the Republic of Tanzania for the sale of its tanzanite mining and beneficiation business and tsavorite license interests in Tanzania to Sky Associates Group Ltd., the company said on Monday. Under the deal, which was announced on 26 November 2014, Richland would receive 5.1m for the sale, which includes its Tanzanian mining, exploration and cutting operations.
-ACTIVE NETWORK ACQUIRES SPORTS TIMING COMPANY
US-based transaction processor Active Network has acquired race timing technology company Ipico Sports, the company said on Monday. Active said it plans to integrate Ipico's solutions into its existing event lifecycle management portfolio. Active is engaged in processing transactions and facilitating payments for events and activities through its SaaS technology. Active processed...