M and A Navigator: Deal pipeline -5 January.
M2 EQUITYBITES-January 19, 2018-M and A Navigator: Deal pipeline -5 January
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The following is a list of deals covered in detail by M and A Navigator this week:
-STALLION ADDS BASIN WASTEWATER SOLUTIONS TO SUITE OF PRODUCT OFFERINGS
Texas, US-based private equity firm Stallion Oilfield Services Ltd. has completed its acquisition of substantially all of the assets of New Mexico, US-based water recycling services provider Basin Wastewater Solutions, LLC to rebrand as Stallion Remote Treatment or StaRT, the company said.
The Basin acquisition allows Stallion to enhance its services to existing customers, and provide Stallion with a technically differentiated product line. Stallion said effluent and treated waste streams can now be recycled into the drilling and completions fluid life cycle.
Status: Closed
-PCM UK ACQUIRES PROVISTA UK TO EXPAND VENDOR ACCREDITATIONS
Scotland-based technology solutions provider PCM Technology Solutions UK, Ltd. has acquired Provista Technology Services Ltd. and its subsidiary, Provista UK Ltd. to enhance its expertise and vendor accreditations in the UK as a Cisco Gold partner, the company said.
PCM Technology Solutions UK, Ltd. is a subsidiary of California, US-based PCM, Inc. Terms of the transaction were not disclosed. PCM currently expects this strategic acquisition to be mildly accretive to the PCM UK segment, which it expects will be accretive as a whole for 2018.
Status: Closed
-JW CHILDS ASSOCIATES ACQUIRES MAJORITY STAKE IN HONORS HOLDINGS TO SUPPORT GROWTH OF ORANGETHEORY
Boston, US-based private equity firm J.W. Childs Associates, L.P. has acquired a majority interest in Florida, US-based fitness Franchiser Orangetheory Fitness franchisee Honors Holdings, LLC to support the development of Orangetheory Studios, the company said.
JW Childs said it believes its specialty retail expertise and experience will further accelerate the already strong growth trajectory of the business. Four executives from JW Childs will join the Honors Holdings board of directors.
Status: Closed
-FIVE ARROWS CAPITAL ACQUIRES STEPPING STONES GROUP FROM SHORE CAPITAL
New York, US-based investment firm Five Arrows Capital Partners (FACP) has acquired Colorado, US-based therapy and education solutions provider to children with special needs and autism The Stepping Stones Group (SSG) from Chicago, US-based private equity firm Shore Capital Partners, with Shore Capital to retain a minority stake, the company said.
Five Arrows Capital Partners is the North American corporate private equity business of Rothschild Merchant Banking (RMB), the investment arm of Rothschild and Co. With offices in London, Paris, Luxembourg, New York and Los Angeles, RMB has USD 9.0bn of assets under management.
Status: Closed
-APOLLO GLOBAL MANAGEMENT, VARDE PARTNERS TO ACQUIRE EQUITY STAKE IN ONEMAIN HOLDINGS
An investor group led by funds managed by affiliates of New York, US-based investment manager Apollo Global Management, LLC (NYSE: APO) and Minnesota, US-based investment firm Värde Partners, Inc. have entered into a definitive agreement to acquire all remaining equity interest in consumer finance companies OneMain Holdings, Inc. (NYSE: OMF) from a funds managed by an affiliate of New York-based investment management firm Fortress Investment Group LLC, the company said.
The investment group will acquire remaining equity interest in OneMain Holdings, Inc. for USD 26 per share. The investment in OneMain by the Apollo-managed funds is being made from Apollo Investment Fund VIII, L.P. and its parallel funds (collectively, Apollo Fund VIII). Including its commitment to OneMain, Apollo Fund VIII has committed approximately 88% of its available capital.
Status: Agreed
-PLYMOUTH INDUSTRIAL REIT ACQUIRES CHICAGO AREA LIGHT MANUFACTURING PROPERTY FOR USD 4.1M
Boston, US-based real estate investment company Plymouth Industrial REIT, Inc. (NYSE: PLYM) has acquired an Illinois, US-based light manufacturing building for USD 4.1m in cash, the company said.
The acquisition is projected to provide an initial yield of 9.7%. The 75,000-square-foot light manufacturing building is leased to Burndy Engineering, a manufacturer of equipment for the natural gas industry and a subsidiary of NYSE-listed Hubbell Corp. With this acquisition, Plymouth now owns a total of 22 industrial buildings in the Chicago area totaling approximately 3.7 m square feet. Plymouth Industrial REIT said the acquisition fits its strategic expansion in Chicago.
Status: Closed
-MAVENIR ACQUIRES AQUTO TO INCREASE MOBILE ENGAGEMENT
Texas, US-based mobile messaging and RCS company Mavenir has acquired Boston, US-based mobile-sponsored data and data rewards provider Aquto to accelerate data monetisation and customer loyalty, the company said.
Aquto's cloud-based sponsored data platform brings new capability to Mavenir's portfolio of carrier revenue-generation products by building a bridge to the mobile marketing and advertising ecosystems. Aquto uses data as a form of currency to improve engagement with marketers to fund sponsorship of mobile data.
Status: Closed
-NORDSON EXPANDS CAPABILITIES IN ELECTRONICS MARKET WITH ACQUISITION OF SONOSCAN
Ohio, US-based coatings dispensary manufacturer Nordson Corp. (NASDAQ: NDSN) has acquired Illinois, US-based acoustic microscopy technology...
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