September 2019 Six Month M&A Transaction Report

Wire

We’ve compiled six months of data on the top recent M&A transactions in the Southeast and in the US.

Table of Contents

  1. Southeast Transactions
  2. Major US Transactions
  3. Major Canceled Transactions
  4. About Watermark Advisors


Southeast Transactions

M&A Closed Date Buyers/Investors Primary Industry [Buyers/Investors] Geographic Locations [Buyers/Investors] Target/Issuer Short Business Description [Target/Issuer] Total Transaction Value ($USDmm, Historical rate) Implied Enterprise Value/Revenues (x) Implied Enterprise Value/EBITDA (x)
8/26/2019 Heartland Express, Inc. (NasdaqGS:HTLD) Trucking Tennessee Millis Transfer, Inc. Millis Transfer, Inc. provides dry-van truckload carrier services in the United States. $150.00 0.99x
8/9/2019 Sonoco Products Company (NYSE:SON) Paper Packaging South Carolina Corenso Holdings America, Inc. Corenso Holdings America, Inc. manufactures uncoated recycled paperboard (URB) for paper, packaging films, tape, and specialty industries. $110.00 1.47x
8/1/2019 Wirepath Home Systems, LLC Consumer Electronics North Carolina Control4 Corporation Control4 Corporation provides smart home and business solutions in the United States, Australia, Canada, China, Germany, the United Kingdom, and internationally. $693.66 2.28x 22.54x
8/1/2019 Sealed Air Corporation (NYSE:SEE) Paper Packaging North Carolina Automated Packaging Systems, Inc. Automated Packaging Systems, Inc. designs and manufactures packaging machinery and bagging materials. $510.00 1.76x
8/1/2019 FUJIFILM Diosynth Biotechnologies Inc. Life Sciences Tools and Services North Carolina Biogen (Denmark) Manufacturing ApS Biogen (Denmark) Manufacturing ApS offers biopharmaceutical contract development and manufacturing services. $890.00
7/31/2019 Fidelity National Information Services, Inc. (NYSE:FIS) Data Processing and Outsourced Services Georgia Worldpay, Inc. Worldpay, Inc., through its subsidiary, Worldpay Holding, LLC, provides electronic payment processing services in the United States, Europe, Asia, and Australasia. $43,590.64 11.05x 28.03x
7/24/2019 JPMorgan Chase Bank, National Association Diversified Banks Georgia InstaMed Communications, LLC InstaMed Communications, LLC, a healthcare payments network, connects providers, payers, and consumers on a cloud platform for healthcare payment transactions. $500.00 8.00x
7/11/2019 Repay Holdings Corporation (NasdaqCM:RPAY) Data Processing and Outsourced Services Georgia Hawk Parent Holdings, LLC As of July 11, 2019, Hawk Parent Holdings LLC was acquired by Thunder Bridge Acquisition, Ltd. Hawk Parent Holdings LLC provides integrated payment processing solutions to industry-oriented markets in which merchants have transaction processing needs. $642.63
7/9/2019 International Business Machines Corporation (NYSE:IBM) IT Consulting and Other Services North Carolina; Tennessee Red Hat, Inc. Red Hat, Inc. provides open source software solutions to develop and offer operating system, virtualization, management, middleware, cloud, and storage technologies to various enterprises worldwide. $35,690.94 10.75x 56.40x
7/1/2019 E&C FinFan, Inc. Industrial Machinery Georgia Industrial Air-X-Changers Business Of Harsco Corporation As of July 1, 2019, Industrial Air-X-Changers Business Of Harsco Corporation was acquired by E&C FinFan, Inc. Industrial Air-X-Changers Business Of Harsco Corporation comprises the manufacturing business of air-cooled heat exchanger systems. $592.00 11.20x
7/1/2019 Ameris Bancorp (NasdaqGS:ABCB) Regional Banks Georgia Fidelity Southern Corporation Fidelity Southern Corporation operates as the bank holding company for Fidelity Bank that provides financial products and services primarily to individuals and small to medium-sized businesses in the United States. $748.74
6/17/2019 Varian Medical Systems, Inc. (NYSE:VAR) Health Care Equipment Georgia Cancer Treatment Services International, Inc. Cancer Treatment Services International, Inc. owns and operates cancer treatment facilities. $283.00 6.51x
6/12/2019 Intercontinental Exchange, Inc. (NYSE:ICE) Financial Exchanges and Data Georgia Simplifile, LC Simplifile, LC offers web-based public document electronic recording services for customers in the United States. $335.00
6/11/2019 Jacobs Engineering Group Inc. (NYSE:JEC) Construction and Engineering Georgia; Tennessee The KeyW Holding Corporation The KeyW Holding Corporation, together with its subsidiaries, provides national security solutions to the intelligence, cyber, and counterterrorism communities in the United States. $946.29 1.86x 23.79x
6/10/2019 Varian Medical Systems, Inc. (NYSE:VAR) Health Care Equipment Georgia Endocare, Inc./Scion Medical Limited Endocare, Inc./Scion Medical Limited represents the combined operations of Endocare, Inc. and Scion Medical Limited. $185.00 6.17x
6/7/2019 Biogen Inc. (NasdaqGS:BIIB) Biotechnology North Carolina Nightstar Therapeutics Limited Nightstar Therapeutics plc, a clinical-stage gene therapy company, focuses on developing and commercializing novel one-time treatments for patients suffering from rare inherited retinal diseases in the United Kingdom. $877.39
6/1/2019 Arthur J. Gallagher & Co. (NYSE:AJG) Insurance Brokers Georgia Global Aerospace Operations of Jardine Lloyd Thompson Group plc As of June 1, 2019, Global Aerospace Operations of Jardine Lloyd Thompson Group plc was acquired by Arthur J. Gallagher & Co.. $250.37
5/31/2019 i3-SDCR, Inc. Data Processing and Outsourced Services Tennessee Pace Payment Systems, Inc. Pace Payment Systems, Inc. provides payment and transaction solutions for businesses in the United States. $134.69 4.63x 159.59x
5/31/2019 DTE Energy Company (NYSE:DTE) Multi-Utilities South Carolina Stonewall Gas Gathering LLC Stonewall Gas Gathering LLC constructs and operates natural gas gathering pipelines. $280.00
5/24/2019 Invesco Ltd. (NYSE:IVZ) Asset Management and Custody Banks Georgia OppenheimerFunds, Inc. As of May 24, 2019, OppenheimerFunds, Inc. was acquired by Invesco Ltd. OppenheimerFunds, Inc. is a privately owned investment manager. $5,714.13
5/23/2019 The Hartford Financial Services Group, Inc. (NYSE:HIG) Multi-line Insurance Georgia The Navigators Group, Inc. The Navigators Group, Inc., together with its subsidiaries, underwrites marine, property and casualty, and professional liability insurance products and services in the United States and internationally. $2,165.27
5/22/2019 2U, Inc. (NasdaqGS:TWOU) Application Software North Carolina Trilogy Education Services, Inc. Trilogy Education Services, Inc. develops, creates, and manages a platform, which combines market-driven curriculum, career services, national community of universities, instructors, and employers to prepare students for careers in the digital economy. $750.00 7.73x
5/15/2019 Ingersoll-Rand Plc (NYSE:IR) Industrial Machinery North Carolina Precision Flow Systems Management Business of Accudyne Industries LLC As of May 15, 2019, Precision Flow Systems Management Business of Accudyne Industries LLC was acquired by Ingersoll-Rand Plc. $1,450.00 3.63x
5/6/2019 Qorvo, Inc. (NasdaqGS:QRVO) Semiconductors North Carolina Active-Semi International, Inc. Active-Semi International, Inc. offers integrated circuit (IC) solutions for motor control and power control applications. $325.00
5/1/2019 Morgan Stanley (NYSE:MS) Investment Banking and Brokerage Georgia Solium Capital Inc. (nka:Shareworks by Morgan Stanley (TSX:SUM)) Shareworks by Morgan Stanley develops equity plan management software for startup, private, and public companies. $863.78 7.08x 86.80x
4/30/2019 PulteGroup, Inc. (NYSE:PHM) Homebuilding Georgia Homebuilding Operations of American West Homes, Inc. As of April, 2019, Homebuilding Operations of American West Homes, Inc. was acquired by PulteGroup, Inc. $163.70
4/30/2019 Thermo Fisher Scientific Inc. (NYSE:TMO) Life Sciences Tools and Services North Carolina Brammer Bio, LLC Brammer Bio, LLC develops and manufactures cell and gene therapies for pharmaceutical and biotechnology industries. $1,700.00
4/30/2019 Rollins, Inc. (NYSE:ROL) Environmental and Facilities Services Georgia Clark Pest Control Of Stockton, Inc. “As of April 30, 2019, Clark Pest Control Of Stockton, Inc. operates as a subsidiary of Rollins, Inc. $376.00 2.70x
4/29/2019 MUFG Bank, Ltd. Diversified Banks Georgia PT Bank Danamon Indonesia Tbk (IDX:BDMN) PT Bank Danamon Indonesia Tbk, together with its subsidiaries, provides banking and financial products and services for consumers, small medium enterprises, micro businesses, and commercial and corporate customers in Indonesia. $6,100.10
4/26/2019 WorleyParsons Limited (ASX:WOR) Oil and Gas Equipment and Services Tennessee Energy, Chemicals and Resources Business of Jacobs Engineering Group Inc. As of April 26, 2019, Energy, Chemicals and Resources Business of Jacobs Engineering Group Inc. was acquired by WorleyParsons Limited. $3,339.76 11.72x
4/9/2019 Arthur J. Gallagher & Co. (NYSE:AJG) Insurance Brokers Georgia Stackhouse Poland Limited Stackhouse Poland Limited operates as an insurance broker. $350.00
4/4/2019 CommScope Holding Company, Inc. (NasdaqGS:COMM) Communications Equipment North Carolina ARRIS International Limited ARRIS International plc, together with its subsidiaries, provides entertainment, communications, and networking technology and solutions worldwide. $7,983.25 1.11x 9.56x
4/3/2019 GSO Capital Partners LP; Blackstone Tactical Opportunities Advisors L.L.C. Asset Management and Custody Banks Georgia Targa Badlands Saddle Butte Fort Berthold Gathering, LLC owns and operates oil and gas gathering systems. $1,600.00
4/2/2019 First-Citizens Bank & Trust Company Regional Banks North Carolina; South Carolina Biscayne Bancshares, Inc. As of April 2, 2019, Biscayne Bancshares, Inc. was acquired by First-Citizens Bank & Trust Company. $119.00
4/1/2019 FleetCor Technologies, Inc. (NYSE:FLT) Data Processing and Outsourced Services Georgia Nvoicepay, Inc. Nvoicepay, Inc. develops and provides cloud-based accounts payable software solutions. $222.60
4/1/2019 Marsh & McLennan Companies, Inc. (NYSE:MMC) Insurance Brokers Georgia; North Carolina; South Carolina Jardine Lloyd Thompson Group plc Jardine Lloyd Thompson Group plc provides insurance, reinsurance, employee benefits related advice, brokerage, and associated service worldwide. $5,615.18
4/1/2019 Fortive Corporation (NYSE:FTV) Industrial Machinery North Carolina Advanced Sterilization Products Services Inc. Advanced Sterilization Products Services Inc. provides infection prevention solutions and educational programs for healthcare facilities worldwide. $2,700.00 3.48x
3/29/2019 Cogentrix Energy Power Management, LLC Independent Power Producers and Energy Traders North Carolina Emera Energy Generation II, LLC As of March 29, 2019, Emera Energy Generation II, LLC operates as a subsidiary of Cogentrix Energy Power Management, LLC. $590.00
3/13/2019 Inmar, Inc. Application Software North Carolina YOU Technology, LLC YOU Technology, LLC, a digital-coupon marketing company, operates a cloud based digital coupon platform in the United States. $565.00
3/8/2019 Medtronic plc (NYSE:MDT) Health Care Equipment Tennessee EPIX Therapeutics, Inc. EPIX Therapeutics, Inc., a medical device company, develops temperature-sensing irrigated radiofrequency (RF) ablation catheters for the treatment of atrial fibrillation and other cardiac arrhythmias. $319.00
3/8/2019 Tivity Health, Inc. (NasdaqGS:TVTY) Health Care Services Tennessee Nutrisystem, Inc. Nutrisystem, Inc., together with its subsidiaries, provides weight management products and services for women and men in the United States. $1,433.23 1.94x 15.17x
3/8/2019 RTI Surgical Holdings, Inc. (NasdaqGS:RTIX) Health Care Supplies Georgia Paradigm Spine, LLC Paradigm Spine, LLC designs, develops, and markets solutions for the treatment of spinal diseases. $299.14 7.48x
3/5/2019 PharMerica Corporation Health Care Distributors Tennessee BrightSpring Health Services BrightSpring Health Services provides home and community-based health services. $1,320.00 0.66x
3/4/2019 FLIR Detection, Inc. Electronic Equipment and Instruments Tennessee Endeavor Robotics Endeavor Robotics develops, produces, and delivers mobile robots for defense and military, public safety, and energy and industrial markets worldwide. $382.00
3/4/2019 Cerberus Capital Management, L.P. Asset Management and Custody Banks Georgia Sparton Corporation Sparton Corporation, together with its subsidiaries, provides design, development, and manufacturing services for electromechanical devices; and engineered products in electromechanical value stream worldwide. $256.42 0.67x 9.11x

Source: S&P Capital IQ

(Return to Table of Contents)


Major US Transactions

M&A Closed Date Buyers/Investors Primary Industry [Buyers/Investors] Geographic Locations [Buyers/Investors] Target/Issuer Short Business Description [Target/Issuer] Total Transaction Value ($USDmm, Historical rate) Implied Enterprise Value/Revenues (x) Implied Enterprise Value/EBITDA (x)
8/23/2019 Sinclair Broadcast Group, Inc. (NasdaqGS:SBGI) Broadcasting Hunt Valley, MD Fox Sports Net LLC Fox Sports Net LLC offers national sports programming services. $10,600.00 2.79x
8/21/2019 UGI Corporation (NYSE:UGI) Gas Utilities King of Prussia, PA AmeriGas Partners, L.P. AmeriGas Partners, L.P. through its subsidiary, AmeriGas Propane, L.P., distributes propane and related equipment and supplies in the United States. $5,308.23 2.21x 10.54x
8/8/2019 Occidental Petroleum Corporation (NYSE:OXY) Integrated Oil and Gas Houston, TX Anadarko Petroleum Corporation Anadarko Petroleum Corporation engages in the exploration, development, production, and marketing of oil and gas properties. $59,856.21 4.44x 7.55x
7/31/2019 salesforce.com, inc. (NYSE:CRM) Application Software San Francisco, CA Tableau Software, Inc. Tableau Software, Inc., together with its subsidiaries, provides business analytics software products. $17,377.59 13.70x
7/31/2019 Fidelity National Information Services, Inc. (NYSE:FIS) Data Processing and Outsourced Services Jacksonville, FL Worldpay, Inc. Worldpay, Inc., through its subsidiary, Worldpay Holding, LLC, provides electronic payment processing services in the United States, Europe, Asia, and Australasia. $43,590.64 11.05x 28.03x
7/29/2019 Pfizer Inc. (NYSE:PFE) Pharmaceuticals New York, NY Array BioPharma Inc. Array BioPharma Inc., a biopharmaceutical company, focuses on the discovery, development, and commercialization of small molecule drugs to treat patients with cancer and other diseases in North America, Europe, and the Asia Pacific. $11,499.34 57.10x
7/29/2019 Fiserv, Inc. (NasdaqGS:FISV) Data Processing and Outsourced Services Brookfield, WI First Data Corporation First Data Corporation provides commerce enabled technology and solutions for merchants, financial institutions, and card issuers in the United States, Canada, Europe, the Middle East, Africa, Latin America, and the Asia Pacific. $41,770.58 4.75x 12.49x
7/26/2019 Expedia Group, Inc. (NasdaqGS:EXPE) Internet and Direct Marketing Retail Bellevue, WA Liberty Expedia Holdings, Inc. Liberty Expedia Holdings, Inc. operates as an online travel company in the United States and internationally. $22,435.99 1.57x 10.59x
7/1/2019 Berry Global Group, Inc. (NYSE:BERY) Metal and Glass Containers Evansville, IN RPC Group Plc RPC Group Plc owns and operates a plastic product design and engineering company worldwide. $6,244.54 1.15x 7.62x
5/24/2019 Invesco Ltd. (NYSE:IVZ) Asset Management and Custody Banks Atlanta, GA OppenheimerFunds, Inc. As of May 24, 2019, OppenheimerFunds, Inc. was acquired by Invesco Ltd. OppenheimerFunds, Inc. is a privately owned investment manager. $5,714.13
5/3/2019 Hellman & Friedman LLC; JMI Management, Inc.; The Blackstone Group Inc. (NYSE:BX); GIC Pte. Ltd.; Canada Pension Plan Investment Board; Qatar Investment Authority Canada Pension Plan Investment Board (Asset Management and Custody Banks); GIC Pte. Ltd. (Asset Management and Custody Banks); Hellman & Friedman LLC (Asset Management and Custody Banks); JMI Management, Inc. (Asset Management and Custody Banks); Qatar Investment Authority (Asset Management and Custody Banks); The Blackstone Group Inc. (NYSE:BX) (Asset Management and Custody Banks) San Francisco, CA; Baltimore, MD; New York, NY The Ultimate Software Group, Inc. The Ultimate Software Group, Inc. provides cloud-based human capital management solutions to enterprise companies, mid-market companies, and companies in the strategic market in the United States, Canada, Europe, the Asia Pacific, and internationally. $10,984.39 9.49x 88.01x
4/24/2019 Citigroup Inc. (NYSE:C) Diversified Banks New York, NY Portfolio of Mortgages and Unsecured Loans of NRAM Limited As of April 24, 2019, Portfolio of Mortgages and Unsecured Loans of NRAM Limited were acquired by Citigroup Inc. 5 billion Euros portfolio of loans from UK Asset Resolution consists of a portfolio of residential mortgages and unsecured personal loans. $6,384.70
4/18/2019 Newmont Goldcorp Corporation (NYSE:NEM) Gold Greenwood Village, CO Goldcorp Inc. Goldcorp Inc. acquires, explores for, develops, and operates precious metal properties in Canada, the United States, Mexico, and Central and South America. $13,084.51 4.26x 40.10x
4/4/2019 CommScope Holding Company, Inc. (NasdaqGS:COMM) Communications Equipment Hickory, NC ARRIS International Limited ARRIS International plc, together with its subsidiaries, provides entertainment, communications, and networking technology and solutions worldwide. $7,983.25 1.11x 9.56x
4/1/2019 Ethicon US, LLC Health Care Equipment Cincinnati, OH Auris Health, Inc. Auris Surgical Robotics, Inc. develops robotics platform for diagnostic and therapeutic bronchoscopic procedures. $5,750.00
3/20/2019 The Walt Disney Company (NYSE:DIS) Movies and Entertainment Burbank, CA TFCF Corporation TFCF Corporation operates as a diversified media and entertainment company primarily in the United States and Canada, Europe, and internationally. $90,575.21 2.85x 12.89x

Source: S&P Capital IQ

(Return to Table of Contents)


Major Canceled Transactions

M&A Cancelled Date Buyers/Investors Primary Industry [Buyers/Investors] Target/Issuer Short Description On Why Transaction Cancelled Total Transaction Value ($USDmm, Historical rate) Implied Enterprise Value/Revenues (x) Implied Enterprise Value/EBITDA (x)
8/7/2019 Elliott Management Corporation Asset Management and Custody Banks QEP Resources, Inc. (NYSE:QEP) QEP Resources rejected an offer made by Paul Singer, billionaire manager of hedge fund Elliot Management. $4,629.81 2.40x 3.63x
7/22/2019 Quad/Graphics, Inc. (NYSE:QUAD) Commercial Printing LSC Communications, Inc. (NYSE:LKSD) Table talks were abandoned at the hint of an antitrust lawsuit. $1,425.28 0.36x 4.83x
7/19/2019 Crane Co. (NYSE:CR) Industrial Machinery CIRCOR International, Inc. (NYSE:CIR) Crane ended talks with CIRCOR, rejecting a bid of $48 a share. $1,746.70 1.47x 13.16x
6/19/2019 Sycamore Partners Asset Management and Custody Banks Chico’s FAS, Inc. (NYSE:CHS) Chico’s declined Sycamore Partners’ offer of $3.50 a share, claiming the offer singificantly undervalued Chico’s, despite poor quarterly earnings reports. $1,203.87 0.51x 9.24x
6/19/2019 Wal-Mart International Hypermarkets and Super Centers Delivery Technologies SpA Walmart’s deal with Delivery Technologies fell through as Mexican anti trust regulation was threatened. $225.00
6/10/2019 Thermo Fisher Scientific Inc. (NYSE:TMO) Life Sciences Tools and Services Gatan, Inc. Thermo Fisher’s acquistion of Gatan, Inc. was stopped as UK antitrust regulation concluded the deal would hurt competition. $925.00
5/23/2019 Macquarie Infrastructure and Real Assets Asset Management and Custody Banks HS Orka hf. A European infrastructure fund managed by Macquarie Infrastructure and Real Assets cancelled the acquisition of a 53.89% stake in HS Orka hf. from Alterra Power Corp. on May 23, 2019. Jarðvarmi slhf exercised its right of first refusal.  $304.80
5/23/2019 Steel Partners Holdings L.P. (NYSE:SPLP) Industrial Conglomerates Babcock & Wilcox Enterprises, Inc. (NYSE:BW) Steel Partners Holdings L.P. (NYSE:SPLP) cancelled the acquisition of the remaining 82.2% stake in Babcock & Wilcox Enterprises, Inc. (NYSE:BW). $837.91 0.61x
5/16/2019 General Atlantic Service Company, L.P. Asset Management and Custody Banks PNB Housing Finance Limited (BSE:540173)  The transacting parties have not been awarded approval by the Reserve Bank of India for exemption from application of pricing guidelines under the Foreign Exchange Act; this led to the collapse of the transaction. $133.62
5/16/2019 Värde Partners, Inc. Asset Management and Custody Banks PNB Housing Finance Limited (BSE:540173) Värde Partners, Inc. cancelled the acquisition of a 6.5% stake in PNB Housing Finance Limited (BSE:540173) from Punjab National Bank (BSE:532461) on May 16, 2019.  $133.62
5/16/2019 MediaNews Group, Inc. Publishing Gannett Co., Inc. (NYSE:GCI) MediaNews Group, Inc. cancelled an offer to acquire the remaining 92.47% stake in Gannett Co., Inc. (NYSE:GCI) on May 16, 2019. Gannett fended off a hostile takeover attempt by MediaNews. MediaNews Group failed to win three seats on Gannett’s eight-member Board.  $1,601.43 0.55x 5.19x
5/9/2019 Chevron Corporation (NYSE:CVX) Integrated Oil and Gas Anadarko Petroleum Corporation Chevron was outbid in table talks with a competing oil and gas corporation in the acquistion for Anadarko Petroleum, a Permian international oil company. $54,005.51 3.99x 6.78x
5/9/2019 Hellman & Friedman LLC; The Blackstone Group Inc. (NYSE:BX) Hellman & Friedman LLC (Asset Management and Custody Banks); The Blackstone Group Inc. (NYSE:BX) (Asset Management and Custody Banks) Scout24 AG (XTRA:G24) The transaction has been cancelled due to minimum tender not being received. There will be no additional acceptance period. As on May 16, 2019, the European Commission has approved the transaction.  $6,431.40 10.26x 23.73x
4/25/2019 Merida Natural Resources, LLC Coal and Consumable Fuels Kemmerer Coal Mine of Westmoreland Resource Partners, LP Merida Natural Resources chose not to purchase Kemmerer by means of a bankruptcy sale and therefore terminated the divestiture agreement pursuant to its terms. $215.00
4/23/2019 SmartFinancial, Inc. (NasdaqCM:SMBK) Regional Banks Entegra Financial Corp. (NasdaqGM:ENFC) Entegra terminated the transaction in order to enter into a definitive merger agreement with First Citizens BancShares, Inc. $156.52
4/22/2019 Victory Capital Holdings, Inc. (NasdaqGS:VCTR) Asset Management and Custody Banks Harvest Volatility Management, LLC The transaction was terminated due to adverse market conditions.  $600.75
4/12/2019 Entegris, Inc. (NasdaqGS:ENTG) Semiconductor Equipment Versum Materials, Inc. (NYSE:VSM) The deal was terminated as Versum Materials entered into a definitive agreement to be acquired by MERCK Kommanditgesellschaft auf Aktien, and the Board of Versum Materials approved the merger. Entegris received a $140 million termination fee from Versum Materials.  $5,121.19 3.41x 10.40x
4/12/2019 Apollo Management IX LP Asset Management and Custody Banks RPC Group Plc RPC Group agreed to an improved takeover offer from Berry Global, trumping a lower bid from Apollo Global Management. $6,165.66 1.13x 7.50x
4/9/2019 Wynn Resorts, Limited (NasdaqGS:WYNN) Casinos and Gaming Crown Resorts Limited (ASX:CWN) Wynn Resorts ended talks with Crown Resorts after a takeover offer was leaked. $7,931.93 3.08x 11.66x
4/9/2019 DW Partners, LP; Namdar Realty Group LLC; Mason Asset Management Inc.; Washington Prime Group Inc. (NYSE:WPG) DW Partners, LP (Asset Management and Custody Banks); Namdar Realty Group LLC (Asset Management and Custody Banks); Washington Prime Group Inc. (NYSE:WPG) (Retail REITs) Substantially All Assets of The Bon-Ton Stores, Inc. The Bon-Ton Stores and buyers were in the process of finalizing an asset purchase agreement in advance of an auction, wherein DW Partners was not the winning bidder. $128.00
4/2/2019 Securus Technologies, Inc. Interactive Media and Services Inmate Calling Solutions, LLC An agreement was made to stop talks over regulator worries that the deal would lead to a market where majority of inmate calls were controlled by two companies & would inflate call prices. $350.00
3/21/2019 Denbury Resources Inc. (NYSE:DNR) Oil and Gas Exploration and Production Penn Virginia Corporation (NasdaqGS:PVAC) Difficult market conditions and opposition by Penn Virginia shareholders broke up the deal. $1,706.59 4.82x 12.52x
3/20/2019 Southwest Generation Operating Company, LLC Electric Utilities Coolidge Generating Station of TransCanada The Coolidge Generating Station is underpinned by a long-term power purchase agreement, under which Salt River Project Agricultural Improvement and Power District used its right of first refusal on a sale to a third party. $465.00
3/8/2019 Mastercard Incorporated (NYSE:MA) Data Processing and Outsourced Services Earthport plc Visa counteroffered Mastercard’s deal with $300 million. $287.50 5.99x

Source: S&P Capital IQ

(Return to Table of Contents)


About Watermark Advisors

Headquartered in the rapidly growing city of Greenville, South Carolina, Watermark Advisors, est. 2002, is an investment banking firm that specializes in mergers and acquisitions (M&A) and private placement financing transactions for clients. It offers a uniquely comprehensive approach to M&A for both sellers and acquirers. For sellers, this approach is designed to ensure that companies are able to exit when the shareholders so desire, improve the exit returns on investment, and to increase the outcomes of the legacy assets (human, tangible, and intangible) once these are under new ownership. For acquirers, our comprehensive approach is designed to counter the dismal ROI gain that transaction focusing M&A deals typically produce. Watermark has facilitated sell-side M&A, acquisition financings, valuations, fairness opinions, and strategy consulting to over 90 clients.

Contact Watermark Advisors

Watermark Advisors

(Return to Table of Contents)


Related Posts

No results found

Menu