M and A Navigator: Deal pipeline -9 January.
M2 EQUITYBITES-January 19, 2018-M and A Navigator: Deal pipeline -9 January
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The following is a list of deals covered in detail by M and A Navigator this week:
-SAWAI PHARMACEUTICAL CLOSES SALE OF 20% OF US BUSINESS TO SUMITOMO FOR USD 211M
US-based drugmaker Upsher-Smith Laboratories, LLC's parent company, Japan-based drugmaker Sawai Pharmaceutical Co., Ltd. has closed the sale of a 20% stake in its US subsidiary (Sawai America Inc) to Sumitomo Corp. of Americas, a subsidiary of Japanese general trading house Sumitomo Corp., the company said.
This deal was announced last November. Under the terms of the agreement, SCOA acquired the stake for consideration of USD 211m. Sumitomo is an organiser of multinational projects, an international investor and financier, and a force for distribution of products and global communications through a network of offices worldwide.
Status: Closed
-SITUS ACQUIRES FINTECH, RISK ANALYTICS FIRM MOUNTAINVIEW FINANCIAL SOLUTIONS
US-based real estate industry business and technology solutions provider Situs has entered into a definitive agreement to acquire financial services industry services provider MountainView Financial Solutions, the company said.
The transaction, which is subject to customary closing conditions, is expected to be completed on or before 31 January. Headquartered in Denver, Colorado, MountainView is a valuation and risk analytics business for the financial services sector.
Status: Agreed
-KUNLUN GROUP CLOSES ACQUISITION OF GAY SOCIAL NETWORK GRINDR
US-based mobile gaming company Kunlun Group Ltd. closed on its purchase of the remaining stake of US-based gay social network Grindr LLC from founder Joel Simkhai, the company said.
Kunlun, one of the largest mobile gaming companies in the world, now has full ownership of the world's largest gay social network. Joel Simkhai, the CEO and founder of Grindr, will exit the company, and Yahui Zhou, the chairman of the board of Grindr, will serve as the interim CEO.
Status: Closed
-PERFORMANCE MARKETING PLATFORM HASOFFERS TO ACQUIRE ISRAELI AUTOMATION TECHNOLOGY FIRM OPTIMOB
US-based performance marketing platform HasOffers is acquiring the intellectual property assets of Israeli ad network and publisher management automation and optimisation technology provider Optimob, the company said
Founded in 2016 by a team of performance marketers, Optimob software was created specifically to extend the value of the HasOffers API. Optimob provides performance marketers with the ability to optimise ad network traffic, automate click optimisation to lower costs, detect and block unwanted traffic and notify publishers about optimisations in real-time.
Status: Agreed
-CELGENE TO ACQUIRE CANCER DRUG DEVELOPER IMPACT BIOMEDICINES FOR USD 1.1BN PLUS MILESTONES
US-based drugmakers Celgene Corp. (NASDAQ: CELG) and Impact Biomedicines have signed a definitive agreement in which Celgene will acquire Impact Biomedicines, the companies said. Impact is developing fedratinib for myelofibrosis and polycythemia vera.
Under the terms of the agreement, Celgene will pay approximately USD 1.1bn upfront and up to USD 1.25bn in contingent payments based on regulatory approval milestones for myelofibrosis. Additional future payments for regulatory approvals in additional indications and sales-based milestones are also possible.
Status: Agreed
-ACCENTURE CLOSES ACQUISITION OF FRANCE-BASED ALTIMA TO BOOST CUSTOMER EXPERIENCE CAPABILITIES
Chicago, US-based professional services company Accenture (NYSE: ACN) has closed the acquisition of France-based digital commerce agency Altima to expand Accenture Interactive customer experience capabilities, the company said.
Accenture said the acquisition of Altima would put Accenture Interactive in France in a position to help businesses innovate the digital experiences and expand their footprint, locally and internationally. In France, the Altima team would enable Accenture Interactive to better help companies grow their customer experience offering and expand into other markets.
Status: Closed
-MOSAIC COMPLETES USD 2.5BN ACQUISITION OF VALE FERTILISER UNIT
US-based fertiliser maker The Mosaic Company (NYSE: MOS) has completed the acquisition of Vale Fertilizantes from Brazilian miner Vale S.A., the company said. The price was USD 2.5bn
Under the deal, Luciano Siani Pires has been elected to Mosaic's board of directors. Siani Pires has been Vale's chief financial officer since 2012, with additional responsibilities in Procurement and Information Technology. Prior to his current role, he held positions in strategic planning, human resources and governance at Vale S.A, and also worked at McKinsey and company and the Brazilian Development Bank.
Status: Closed
-CAESARS ENTERTAINMENT CLEARS US ANTITRUST HURDLE IN USD 1.7BN ACQUISITION OF INDIANA, US CASINO OPERATOR CENTAUR
The US Federal Trade Commission has granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act) with respect to US-based casino operator Caesars Entertainment Corp.'s (NASDAQ: CZR) acquisition of US-based casino gaming and horse racing provider Centaur Holdings, LLC, the company said.
On 16 November 2017, Caesars Entertainment announced it had entered into a definitive agreement to acquire Centaur Holdings for USD 1.7bn in cash, including USD 1.625bn at closing and USD 75m in deferred consideration. As a result of the transaction, Caesars will add Hoosier Park Racing and Casino in Anderson, Indiana, and the Indiana Grand Racing and Casino in Shelbyville, Indiana to its Total Rewards network.
Status: Agreed
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