M and A Navigator: Deal pipeline -1 May.

M2 EQUITYBITES-May 1, 2017-M and A Navigator: Deal pipeline -1 May

(C)2017 M2 COMMUNICATIONS http://www.m2.com

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

-T-BIRD RESTAURANT CLOSES ACQUISITION OF 45 OUTBACK STEAKHOUSE RESTURANTS

US-based private equity investment firm H.I.G. Capital's Cerca Trova Restaurant Concepts (formerly known as T-Bird Restaurant Group) portfolio company, has acquired 45 corporate-owned Outback Steakhouse restaurants from its franchisor, Bloomin' Brands, the firm said.

The acquisition includes all stores in Arizona, Colorado, Nevada and New Mexico. Headquartered in San Diego, California, Cerca Trova is now the exclusive franchisee of Outback Steakhouse in Arizona, California, Colorado, Nevada and New Mexico, and remains the largest domestic franchisee of Bloomin' Brands, operating over 100 Outback locations across the western region (approximately 15% of all the Outback locations in the United States).

Status: Closed

-ENTERPRISE CLOSES USD 189M ACQUISITION OF AZURE NATURAL GAS GATHERING SYSTEM

An affiliate of US-based midstream energy services company Enterprise Products Partners L.P. (NYSE: EPD) has closed the acquisition of the midstream business and assets of Azure Midstream Partners, L.P. and its operating subsidiaries in East Texas and North Louisiana, the company said.

This agreement was the result of Azure's bankruptcy auction proceedings, which Enterprise won with a bid price of USD 189m. The United States Bankruptcy Court for the Southern District of Texas entered an order approving the sale by Azure to Enterprise's affiliate on 15 March 2017.

Status: Closed

-SUNOCO LOGISTICS CLOSES ACQUISITION OF TEXAS MIDSTREAM NG FIRM ENERGY TRANSFER PARTNERS

Pennsylvania, US-based oil transporter Sunoco Logistics Partners L.P. (NYSE: SXL) has closed the acquisition of master limited partnership Texas, US-based natural gas midstream Energy Transfer Partners, L.P. (NYSE: ETP), the company said.

Last November, Sunoco Logistics Partners announced a deal to acquire Energy Transfer Partners via merger in a unit-for-unit transaction. Under the terms of the transaction, ETP unitholders received 1.5 common units of SXL for each common unit of ETP they own.

Status: Closed

-EMERSON CLOSES USD 3.15BN OF UK MANUFACTURER PENTAINR'S VALVES AND CONTROLS BUSINESS

US-based electrical equipment manufacturer Emerson (NYSE: EMR) has closed the acquisition of the Valves and Controls business of UK-based industrial manufacturer Pentair (NYSE: PNR) for USD 3.15bn, the company.

This deal was announced last August. The complementary acquisition establishes Emerson's global presence in control, isolation, pressure relief valves and actuation as part of a larger strategy to build a broader automation portfolio. This transaction follows Emerson's recently announced divestitures of Network Power, Leroy-Somer and Control Techniques for a total of USD 5.2bn as part of the company's overall strategic portfolio repositioning that was initiated in June 2015.

Status: Closed

-US HEALTH INSURER ANTHEM "DISAPPOINTED" WITH US COURT OF APPEALS DECISION ON USD 54.2BN ACQUISITION OF CIGNA

US-based health insurer Anthem, Inc. (NYSE: ANTM) is disappointed by a US appeals court decision upholding a ruling that would block its USD 54.2bn acquisition of US-based health insurer Cigna Corp. (NYSE: CI), the company said.

In February, Anthem announced it would appeal a decision by the US District Court for the District of Columbia issued an order enjoining its proposed acquisition of Cigna. US-based health insurer Anthem, Inc. (NYSE: ANTM) will appeal a decision by the US District Court for the District of Columbia issued an order enjoining its proposed acquisition of US-based health insurer Cigna Corp. (NYSE: CI), the company said.

Status: Agreed

-NEAT CAPITAL LAUNCHES DIGITAL MORTGAGE PLATFORM, ACQUIRES WHOLE LOAN SOLUTION

US-based mortgage lender Neat Capital has launched its mortgage lending platform and completed the acquisition of a mortgage trading advisory firm Whole Loan Solutions, the company said.

Whole Loan Solutions delivers advisory services to the secondary residential mortgage market. Whole Loan Solutions has advised buyers and sellers on more than USD 1bn of transactions and is working to build the next generation in mortgage marketplace technology.

Status: Closed

-NEXT GROUP TO SELL BACK PARTS OF ACQUIRED ACCENT INTERMEDIA TO DEAN KEATIN

US-based mobile banking, mobility, and telecommunications solutions provider Next Group Holdings, Inc. (OTCQB: NXGH) has signed a purchase and sale agreement with Dean Keatin Marketing, LLC and related parties, to sell back portions of the previous acquisition of a controlling interest in card programme management firm Accent Intermedia (AIM) and to work together on certain projects, the company said.

NXGH originally acquired AIM from DKM when it signed the previous "purchase and sale agreement" on 22 July 2016. NXGH shall sell, transfer and deliver to DKM 100% of the capital stock of Transaction Processing Products, Inc. and all AIM venture debt, for USD 1.

Status: Agreed

-US CASINO OPERATORS ELDORADO RESORTS, ISLE OF CAPRI CASINOS RELEASE PRELIMINARY RESULTS OF ISLE STOCKHOLDER ELECTIONS

US-based resort and casino operators Eldorado Resorts, Inc. (NASDAQ: ERI) and Isle of Capri Casinos, Inc. (NASDAQ: ISLE) have received preliminary results of the cash/stock elections made by Isle stockholders with respect to the consideration to be received in their pending merger, the companies said.

Last September, Eldorado Resorts and Isle of Capri...

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