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M&A Update – 11/28/2016

LKQ Corporation to acquire equity interest in Mekonomen Group

LKQ Corporation (NASDAQ: LKQ), a leading provider of substitute and specialty parts to repair and accessorize automobiles announced it will acquire 26.5% equity interest in Mekonomen AB (STO: MEKO) from Axel Johnson AB (“AXJ”) – a Swedish investment company. Mekonomen Group is a leading car parts and service chain in the Nordic region with over 342 stores and 2,126 affiliated workshops under the Group brands. LKQ intends to nominate two representatives to Mekonomen AB’s board of directors in place of AXJ’s representatives, once the transaction is completed. The transaction is projected to close early December 2016, with the terms of the deal not being disclosed at this time.
Read the full press release at http://www.lkqcorp.com/en-us/


Below are highlights of additonal Merger and Acquisition activity from the last week:

Electrical Components & Equipment M&A News: Generac to Acquire Motortech.
Read more at http://www.generac.com/

Application Software M&A News: BidEnergy Acquires RealWinWin.
Read more at http://bidenergy.com/

Biotechnology M&A News: KalVista Pharmaceuticals Announces Closing of Merger with Carbylan Therapeutics.
Read more at http://www.kalvista.com/

Packaged Foods & Meats M&A News: Smithfield Foods to Acquire Farmer John.
Read more at http://www.smithfieldfoods.com/

M&A Update – 11/21/2016

Symantec Corporation to Acquire LifeLock, Inc.

Symantec Corporation (NASDAQ: SYMC), the world’s leading cyber security company announced it plans on expanding their cyber defensive services to protect against identity and fraud theft in the future. Today, Symantec announced they have entered into a definitive agreement with LifeLock, Inc. (NYSE: LOCK) – a leading provider of proactive identity theft protection services for consumers. In a statement by Symantec’s CEO Greg Clark, “…With the combination of Norton and LifeLock, we will be able to deliver comprehensive cyber defense for consumers”. Symantec acquisition of LifeLock will create the largest consumer security company in the world – valued over $2.3 billion in enterprise value. The financing of the transaction is expected to come from a combination of cash on Symantec’s balance sheet and $750 million of new debt. The transaction is expected to close in the first quarter of 2017.
Read the full press release at https://www.symantec.com


Below are highlights of additonal Merger and Acquisition activity from the last week:

Application Software M&A News: Sky-Mobi Announces Completion of Merger.
Read more at http://en.sky-mobi.com

Industrial Machinery M&A News: SMA and Blount Enter into Definitive Agreement to Acquire TISCO.
Read more at http://www.blount.com/default.asp

Systems Software M&A News: Sidetrade Acquires Artificial Intelligence Start-up BrightTarget
Read more at http://uk.sidetrade.com/

M&A Update – 11/14/2016

Samsung Electronics To Buy Harman For $8.0 Billion

Samsung Electronics (“Samsung”), a global leader in high-tech electronics, manufacturing, and digital media announced they are making a major push into automotive electronics industry. Today, Samsung announced they have entered into a definitive agreement with Harman International Industries, Inc. (“Harman”) – a leader in connected car solutions with leading brands including, AKG, Infinity, JBL, among others. In a statement by Samsung, it will acquire 100% ownership of Harman for $112.00 per share in cash, which equates to a total equity value of approximately $8.0 billion. Samsung expects to realize significant synergies with Harman’s complementary technologies, and is expected to exceed $100 billion in the connected car market by 2025. As of 3:00pm CST, Harman’s shares (NYSE: “HAR”) were up 25%.
Read the full press release at http://www.harman.com/


Below are highlights of additonal Merger and Acquisition activity from the last week:

Internet Software and Services M&A News: Google enters into a definitive agreement with Apigee Corporation.
Read more at https://apigee.com/

Air Freight and Logistics M&A News: United Parcel Service, Inc. to acquire Marken, a leader in Global Clinical Supply Chain Solutions.
Read more at https://www.ups.com/

Systems Software M&A News:Oracle Completes Tender Offer for Acquisition of Netsuite.
Read more at https://www.oracle.com/

M&A Update – 11/07/2016

Smith & Wesson Will Acquire Ultimate Survival Technologies

Smith & Wesson, a leading manufacturer of firearms and provider of quality firearm safety/security products and accessories, has recently announced it will acquire Ultimate Survival Technologies, Inc. (“UST Brands”). UST Brands is a survival gear manufacturer of equipment and tools for outdoor and sporting goods that has seen an impressive compound annual revenue growth of 49% from 2012 through 2015. Smith & Wesson has entered into an agreement with UST Brands to an asset acquisition for $32.3 million in cash with an additional $2.0 million over a period of two years – contingent upon the financial performance of UST Brands post-closing. The acquisition is expected to close sometime in November 2016.
Read the full press release at http://www.smith-wesson.com/


Below are highlights of additonal Merger and Acquisition activity from the last week:

IT Services M&A News: Zensar Technologies Acquires Foolproof Ltd.
Read more at http://www.zensar.com/

Real Estate M&A News: Toll Brothers Announces Entry Into Boise, Idaho Market With Acquisition of Coleman Homes.
Read more at https://www.tollbrothers.com/

Packaging Industry M&A News: Sonoco Acquires Plastic Packaging, Inc.
Read more at http://www.sonoco.com/

Innovance, Inc. has Acquired Midland Technologies, Inc.

FOR IMMEDIATE RELEASE

Acquisition Announcement: Innovance, Inc. has Acquired Midland Technologies, Inc.

MINNEAPOLIS, MN– Quazar Capital Corporation (www.quazarcapital.com), a private investment banking firm specializing in merger and acquisition (M&A) services, is pleased to announce that their client, Innovance, Inc. (“Innovance”), has made its second acquisition of 2016, by acquiring all of the assets of Midland Technologies, Inc. (“Midland”). This transaction highlights Quazar’s continued focus on ESOP (Employee Stock Ownership Plan) companies, its strong manufacturing industry experience, and its continued commitment to Midwest-based businesses. The terms of the transaction were not disclosed.

Midland Technologies is a Rogers, Minnesota-based leading manufacturer of valve-less vacuum blocks, valve-less super chill blocks, ultimate vent blocks, vacuum systems, and other products designed as components used in the die-casting and plastic-mold industries. Midland brings new dimensions to Innovance’s current product and service offerings, with the addition of products in the die-casting and plastic-mold industries. Innovance is continuing Midland’s operations out of Rogers, MN.

“Midland Technologies is a successful, well-run business that further adds to Innovance’s capabilities and product lines. We are excited about the new opportunities that this acquisition will provide in the die-casting and plastic mold industries. Midland has unique products in a niche market, with many opportunities to expand their customer base and offerings. Overall, the success of Midland’s manufacturing capabilities, its talented workforce, and its high-quality products makes it a great fit for Innovance going forward.” said Mike Larson, CEO, Innovance.

Rick Dubay, [Former] President and Owner, Midland Technologies, commented, “I am extremely excited for the future of Midland Technologies. Innovance will bring more resources to the table that will help Midland reach new levels of performance. After years of dedication and hard work, it is nice to see the employees in good hands with a leading manufacturer in the Midwest.”

Innovance, Inc. is a 100% employee – owned company (ESOP) and the holding company for subsidiaries Lou-Rich, Inc. (www.lou-rich.com), Almco, Inc. (www.almco.com), and Mass Finishing, Inc. (www.massfin.com). Lou-Rich provides contract engineering and manufacturing services. Almco is a state-of-the-art manufacturer of industrial deburring, parts washing, and vibratory metal finishing equipment. Mass Finishing is the leading supplier of high energy centrifugal barrel finishing machines, supplies, and services. For more information on Innovance, Inc., please visit www.innovance.com

Quazar Capital Corporation is a Minnesota investment banking firm ,with over 25 years’ in experience confidentially helping privately held companies with Mergers and Acquisitions, Recapitalizations, and Financial Advisory Services. Quazar specializes in transitioning companies with Revenues of $10 – $100 million and EBITDA of $2 – $10 million. For more information on Quazar Capital Corporation, please visit www.quazarcapital.com

No further details are available.

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