Mergers & acquisitions

Dec 31, 2012

Clean Harbors Inc. (NYSE: CLH) has completed its previously-announced acquisition of Safety-Kleen Inc., a Plano, Texas-based provider of oil collection, re-refining and recycling in North America, for $1.25 billion in cash. Sellers included Highland Capital Management (39.3% stake), Contrarian Capital Management (18.3%), JPMorgan Partners (14.7%) and GSC Group (9.2%). In related news, Safety-Kleen has withdrawn registration for a $400 million IPO.

Evercore Wealth Management has completed its previously-announced acquisition of Mt. Eden Investment Advisors, a San Francisco-based wealth management firm. No financial terms were disclosed.

GE Aviation Systems has agreed to sell the assets of its Duarte, Calif.-based hydraulic thrust reverser actuation systems business to Woodward Inc. (NYSE: WWD). The deal is valued at $200 million in cash.

News Corp. (Nasdaq: NWSA) has acquired SportsTime Ohio, a Cleveland-based regional sports network whose programming includes Cleveland Indians baseball games. No financial terms were disclosed, although Reuters reports the price-tag was approximately $200 million.

Water Street Healthcare Partners has sold Precision Dynamics Corp., a Valencia, Calif.-based maker of patient wristbands and other identification products for the healthcare market, to Brady Corp. (NYSE: BRC). The deal was valued at $300 million in cash.

Synchronoss Technologies Inc. (Nasdaq: SNCR) has acquired NewBay, a provider of cloud services for mobile operators and service providers, from Research In Motion (TSX: RIM). The deal was valued at US$55.5 million in cash. RIM bought NewBay for around $100 million in October

Marlin Equity Partners has sold Liquent Inc., a Horsham, Penn.–based provider of regulatory information management software for the life sciences and pharma markets, to Parexel International Corp. (Nasdaq: PRXL). The deal was valued at approximately $72 million.

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