M and A Navigator: Deal pipeline -16 July.
MANews-(C)2009-2015
The following is a list of deals covered in detail by M and A Navigator this week:
-MCGRAW-HILL EDUCATION ACQUIRES STAKE IN MOBILE LANGUAGE LEARNING PLATFORM BUSUU
US-based learning science company McGraw-Hill Education has taken a EUR 6m (approximately USD 6.5m) minority equity stake in busuu, a social network for language learning with more than 55m users, the company said. The transaction includes an agreement that will give McGraw-Hill Education exclusive global rights to distribute busuu to B2B customers, including schools, private language institutions and corporations. Additionally, the two companies will explore adding McGraw-Hill Education's industry-leading adaptive learning technology to busuu products.
Status: Closed
-COUNTERTACK ACQUIRES MANTECH'S COMMERCIAL SOFTWARE DIVISION
US-based Big Data endpoint detection and response specialist CounterTack has acquired ManTech International Corp.'s (NASDAQ: MANT) ManTech Cyber Solutions International commercial software division, the company said. The acquisition enhances CounterTack's position in the EDR market, and will enable CounterTack to combine real-time operating system-level behavioural threat detection with in-memory threat analysis that maps to the entire cyber kill chain and scales enterprise-wide.
Status: Closed
-ENERGY EFFICIENCY FINANCING PROVIDERS KILOWATT FINANCIAL, CLEAN POWER FINANCE TO MERGE
US-based residential solar and energy-efficient home improvement finance companies Kilowatt Financial and Clean Power Finance are planning to merge to create Elevate Power, the companies said. Elevate Power will provide a suite of financing products for the solar and energy efficiency markets. The company's power purchase agreements, leases and loans will help consumers and businesses from Boston to Honolulu manage their energy bills. More than 50,000 existing customers will save money using renewable energy technologies and home improvement financial services provided by Elevate Power.
Status: Agreed
-HUSQVARNA ACQUIRES SWISS SMART FIRM KOUBACHI
Swedish outdoor power products maker Husqvarna AB (STO: HUSQB) has acquired Swiss smart gardening specialist Koubachi AG, the company said. Husqvarna said that the acquisition brings experience and competence from Internet of Things and home automation technology within gardening and plant care, strengthening the Husqvarna Gardena Division. Koubachi's competence team including its founder Dr Philipp Bolliger will join Gardena Division. The office in Zurich will be continued as an innovation and development site for Gardena.
Status: Closed
-COWEN TO ACQUIRE BROKERAGE FIRM CONCEPT CAPITAL MARKETS
US-based financial services firm Cowen Group, Inc. (NASDAQ: COWN) and brokerage and related services provider Concept Capital Markets, LLC have signed a definitive agreement under which Cowen will acquire Concept Capital, the companies said. While financial terms of the deal were not disclosed, Cowen Group expects the acquisition to be accretive to earnings in 2015. The transaction was approved by the board of directors of both companies.The transaction is expected to close in 3Q15 and is subject to customary closing conditions and regulatory approval.
Status: Agreed
-US COMMUNITY BANKS AMERICAN RIVIERA, THE BANK OF SANTA BARBARA TO MERGE IN USD 15.4M DEAL
US-based community banks American Riviera Bank (OTC: ARBV) and The Bank of Santa Barbara have signed a definitive agreement to merge the two institutions, the companies said. Once complete, the new bank will be the second largest community bank based in the city of Santa Barbara with assets of over USD 400m. The merger combines two of the leading community banks in the South Coast region and will result in an expanded footprint with branches in Santa Barbara, Montecito, and Goleta, as well as full-service Mortgage and Small Business Administration lending departments.
Status: Agreed
-APICS CLOSES ACQUISITION OF AMERICAN SOCIETY OF TRANSPORTATION AND LOGISTICS
US-based professional association for supply chain and operations management APICS has completed its merger with American Society of Transportation and Logistics (AST/L), extending its scope in transportation and logistics, the company said. The merger between APICS and AST/L will provide support to the end-to-end supply chain body of knowledge that fuels APICS's global supply chain research, education and certification programmes. APICS will integrate AST/L with its existing operations, resulting in unmatched content and subject matter expertise that will enable individuals and organisations to meet supply chain and logistics challenges.
Status: Closed
-SAILPOINT TO ACQUIRE DATA ACCESS SPECIALIST WHITEBOX SECURITY
US-based identity and access management technology specialist SailPoint has reached an agreement to acquire US-based data access governance solutions Whitebox Security, the company said. Whitebox solutions are used to identify and protect sensitive data against internal and external threats. The Whitebox Security suite of solutions will continue to be available from SailPoint and will be rebranded as SecurityIQ.
Status: Agreed
-BRAVIA STRUCTURES AND FINANCES BOHAI LEASING INVESTMENT IN AVOLON
Hong Kong based investment and advisory firm Bravia Capital has arranged, structured and financed for Chinese leasing and financial services company Bohai Leasing Co. (Bohai) a 20% strategic investment in Irish aircraft lessor Avolon Holdings Ltd., the company said. Avolon is an international aircraft leasing company, headquartered in Ireland, with a portfolio of commercial aircraft on lease globally. Under the terms of the transaction Bohai will acquire 20% of the common shares of Avolon (NYSE: AVOL), making Bohai the largest single shareholder. The strategic...
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