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M&A

By
Dan Primack
Dan Primack
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By
Dan Primack
Dan Primack
Down Arrow Button Icon
October 10, 2011, 1:16 PM ET

Microsoft has completed its $8.5 billion acquisition of Skype, from an investor group that included Silver Lake Partners, Andreessen Horowitz, and Canada Pension Plan Investment Board. www.skype.com

 

Hulu announced that it is no longer on the auction block, after having received interest from Google, Dish Networks and Yahoo. The company had been seeking more than $2 billion, but bids reportedly fell short. Hulu owners include Providence Equity Partners, Comcast, Disney and News Corp. www.hulu.com

HSBC has received several first-round bids for its non-life insurance business, according to Reuters. The deal could be worth around $1 billion, with suitors including AXA SA, Assicurazioni Generali SpA , Tokio Marine and MS&AD Insurance Group. www.hsbc.com

Unilever has agreed to acquire an 82% stake in Concern Kalina, a Russian cosmetics company, for $537 million. www.unilever.com

Bertram Capital has completed its previously-announced sale of Power Holdings Inc., a maker of specialist power distribution, conditioning and monitoring systems, to Smiths Interconnect, a unit of Smiths Group PLC. The deal was valued at $235 million in cash. www.bertramcapital.com

THURSDAY, OCTOBER 14

Darden Restaurants (NYSE: DRI) has agreed to acquire the Eddie V’s Prime Seafood and Wildfish Seafood Grille restaurant chains from Eddie V’s Restaurants for $69 million in cash. www.eddiev.com

Compass Petroleum (TSX: CPO) said that it will explore strategic alternatives that could include a sale of the company. The Alberta-based oil and gas company currently has a market cap of around $C70 million.

Liz Claiborne Inc. (NYSE: LIZ) has agreed to sell its Monet line to J.C. Penney for $288 million in cash. It also has agreed to sell its Kensie brands to Bluestar Alliance and completed its previously-announced sale of Dana Bucman to Kohl’s for a total of $40 million in cash. www.lizclaiborne.com

Citrix Systems has acquired ShareFile, a Raleigh, N.C.-based provider of cloud-based data storage, sharing and collaboration. No financial terms were disclosed. www.sharefile.com

Infosys Ltd. of India said that it is not in discussions to acquire the healthcare business of Thomson Reuters (NYSE: TRI).

Peabody Energy and ArcelorMittal have received Chinese regulatory approval for their A$4.9 billion acquisition of Australia’s Macarthur Coal.

EnCap Investments is looking to sell Cordillera Energy Partners for more than $3 billion, according to Reuters. This is the third Cordillera platform backed by EnCap, and operates more than 400 wells in the Texas Panhandle and western Oklahoma.

Tokio Marine Capital has hired Citigroup to manage a sale process for Japanese drugmaker Showa Yakuhin Kako Co., according to Reuters. The deal could be worth around $900 million, with minority shareholders Polaris Capital Group and Pine Bridge Investments also expected to sell their positions.

WEDNESDAY, OCTOBER 12

PTT Chemical of Thailand has agreed to acquire a 50% stake in NatureWorks LLC, a Minnetonka, Minn.-based polylactic acid manufacturer that is wholly-owned by Cargill Inc. The deal is valued at $150 million, and is subject to regulatory approval. www.natureworksllc.com

Neustar Inc. (NYSE: NSR) has agreed to acquire TargusInfo, a Vienna, Va.-based provider of on-demand information services to businesses. The deal is valued at around $650 million in cash. TA Associates acquired a minority stake in TargusInfo six years ago for $60 million. www.targusinfo.com

BroadSoft (Nasdaq: BSFT) has agreed to acquire Movial Applications, a Finland-based developer of IP communications services, for an undisclosed amount of cash. Movial has raised private equity funding from CapMan. www.broadsoft.com

Koontz-Wagner, a portfolio company of High Street Capital, has sold subsidiary South Bend Controls to Curtiss-Wright Corp. (NYSE: CW). No financial terms were disclosed. South Bend controls makes solenoid-based components for the aerospace, defense, industrial and medical markets. www.sbcontrols.com

LinkedIn (Nasdaq: LNKD) has acquired IndexTank, a provider of hosted search solutions. No financial terms were disclosed. IndexTank had raised VC funding from Freestyle Capital and Patagonia Ventures. www.linkedin.comArris Group Inc. (Nasdaq: ARRS) has agreed to acquire BigBand Networks (Nasdaq: BBND), a Redwood City, Calif.-based provider of innovative digital video networking solutions to help manage, move and monetize video. The deal is valued at approximately $172 million in cash, or $2.24 per share (76% premium to yesterday’s closing price). BigBand went public in 2007 after having raised over $100 million in VC funding, with some firms like Redpoint Ventures still holding shares. www.bigbandnet.com

TUESDAY, OCTOBER 11

Jones Group Inc. (NYSE: JNY) is in talks to sell off its jeans-wear unit to Israel’s Delta Galil Industries for between $350 million and $400 million. www.thejonesgroupinc.com

Dollar Thrifty Automotive Group Inc. (NYSE: DTG) said that it is no longer pursuing a sale, after more than a year of back-and-forth interest from both Hertz Global Holdings and Avis Budget Group.

Metropolitan Health Networks Inc.
 (NYSE AMEX: MDF) has acquired Miami-based Continucare Corp., to create Florida’s largest primary care provider network serving Medicare and Medicaid patients. The deal was valued at $416 million, and resulted in Continucare delisting from the NYSE. Morgan Joseph TriArtisan advised MHN on the transaction. www.metcare.com

EQT Partners
 has agreed to sell VTI Technologies, a Finland-based maker of motion sensors, to Japan’s Murata Manufacturing Co. for approximately $261 million. www.vti.fi

Keynote Systems
 (Nasdaq: KEYN) has agreed to acquire Mobile Complete Inc. (a.k.a. DeviceAnywhere), a San Mateo, Calif.-based provider of an enterprise-class cloud computing platform for testing and monitoring mobile websites and apps. The deal is valued at an initial $60 million in cash, plus a possible earn-out. DeviceAnywhere has raised VC funding from Motorola Ventures and Innovacom. www.keynotesystems.com

Rimage Corp. (Nasdaq: RIMG) has agreed to acquire Qumu Inc., a provider of enterprise video communications solutions. The deal is valued at $52 million, including $39 million in cash. Qumu has raised over $25 million in VC funding from firms like Advanced Technology Ventures, SAP Ventures, Storm Ventures, Garage Technology Ventures, Halo Opportunities Fund and the Angels Forum.www.qumu.com

MONDAY, OCTOBER 10

Superior Energy Services Inc. (NYSE: SPN) has agreed to acquire Complete Production Services Inc. (NYSE: CPX) in a cash and stock deal worth approximately $2.7 billion.

Sinopec of China has agreed to acquire Daylight Energy (TSX: DAY), a Canadian oil and gas exploration company, for C$2.2 billion. www.daylightenergy.com

Arcos Dorados Holdings (NYSE: ARCO), the world’s largest McDonald’s franchisor with a focus on Latin America and the Caribbean, has filed to raise around $50 million via a secondary public offering. The company raised $1.25 billion via an IPO earlier this year, and lists shareholders that include Capital International Private Equity Fund and DLJ South American Partners. The new offering will include shares held by company chairman and CEO Wood Staton.

LivingSocial, a Washington, D.C.-based daily deals site, issued $142.9 million in stock as part of its previously-announced acquisition of TicketMonster, a South Korea-based social commerce site, according to a regulatory filing. www.livingsocial.com

KAR Auction Services Inc. (NYSE: KAR) has completed its previously-announced acquisition of OpenLane Inc., a Redwood City, Calif.-based provider of online B2B automotive remarketing services. The deal was valued at $210 million in cash, plus an increase for excess cash on OpenLane’s balance sheet at closing. OpenLane has raised private equity funding from August Capital, Meritech Capital Partners and RPM Ventures.www.openlane.com

Sonoco Products Co. (NYSE: SON) has agreed to acquire Arlington Heights, Ill.-based protective-packaging company Tegrant Corp. for $550 million in cash from Metalmark Capital. www.tegrant.com

Go here for last week’s M&A

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