Industry News

18
Apr

Clinical Transformation meets Digital Transformation with huge contingent payout potential

On March 6, 2017, it was announced that Tech Mahindra (America), Inc. signed a definitive agreement to acquire CJS Solutions Group LLC, d/b/a ‘The HCI Group’ for a total price of approximately USD 220 million. The deal consists of 84.7% interest of HCI Group to be acquired for present enterprise value of USD 110 million, out of which USD 89.5

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13
Feb

Auxilio Acquired CynergisTek for $34 Million in Combination of Stock, Cash, Seller Notes and Earn-Out

In January this year Auxilio Inc. (OTCQB: AUXOD), a provider of complete document workflow solutions and IT security services, made its 3rd acquisition with the purchase of 100% stock of CynergisTek Inc., a privately held healthcare IT security firm, in a deal worth $34 million. The deal consists of $14 million in cash, 1.17 million shares of Auxilio shares, $9

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7
Dec

Deal them in: 2017 Conditions Should Coax Cos. to Bet on M&A

San Diego Business Journal Special Report: Mergers & Acquisitions By Sarah de Crescenzo December 1, 2016 at 1:27 p.m., updated December 1, 2016 at 1:27 p.m. San Diego — When the last day of 2016 rolls around, the value and number of mergers and acquisitions completed nationwide may not reach the high-water market set in 2015, but the number of major deals in

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19
Sep

There’s a new investment banking firm in town specializing in Mergers & Acquisitions

BISNOW By Patricia Kirk, Bisnow, SD Published September 8, 2016 PierCap Partners, a new investment banking firm focused on mergers and acquisitions, has been launched in San Diego by co-founders and managing directors Ashish Jariwala and Zaheer Dhruv (above). At 445 Marine View Ave in Del Mar, the firm will serve privately held and family-owned businesses, with revenues of $10M to

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12
Sep

Media.Net Acquisition by Chinese Consortium Worth $900M

Media.net, an ad tech start-up founded by Divyank Turakhia, was acquired August in an all-cash $900M worth deal by a Chinese Consortium, helmed by Mr. Zhiyong Zhang. Mr. Zhang chairs Beijing Miteno Communication Technology Co. Ltd. (SZ. 300038), a technology, media and telecom business. Media.net is a large and thriving business with $232M in IFRS revenue in 2015, ninety percent

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15
Aug

Partners Take Holistic Approach to M&A

San Diego Business Journal FINANCE: New Investment Bank Won’t Parcel Out Process By Sarah de Crescenzo Published August 15, 2016. San Diego — An investment banker and the head of marketing operations for a division of the nation’s largest energy retailer have teamed up to open a Del Mar-based investment bank focused on mergers and acquisitions. Ashish Jariwala and Zaheer Dhruv,

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5
Aug

Symmetry Surgical Acquisition: Take-Private Transaction of $140.3M

On July 5, 2016 RoundTable Healthcare Partners, a private equity firm with an exclusive focus on healthcare industry, announced the closing of the acquisition agreement with Nashville-based Symmetry Surgical Inc. (NASDAQ:SSRG) for $140.3 million. The target is a leading manufacturer and distributor of surgical instrumentation and specialty devices. Symmetry Surgical acquisition agreement, under which the target will cease to be

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3
Jul

Rugby Acquisition: Superior Positioning in the North American Market

On June 13, 2016, it was announced that Hardwoods Distribution Inc. (TSX: HWD) had entered into a definitive agreement to purchase substantially all of the assets of Rugby IPD Corp. d/b/a Rugby Architectural Building Products for a price of USD 107 million and additional USD 13 million as an earn-out consideration payable over a 2-year period.  It is estimated that

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20
May

TNH Acquisition: Integration Into a Statewide Network

California-based Valley Campus Pharmacy, Inc. d/b/a TNH Advanced Specialty Pharmacy, entered into a definitive $75 million-worth acquisition agreement this April with Diplomat Pharmacy, Inc. (NYSE:DPLO), the nation’s largest independent specialty pharmacy. The payment consideration consisted of $65 million in cash and $10 million in Diplomat common stock. The cash component is planned to be funded with a combination of available

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17
Apr

Broadsmart Acquisition – $40 Million by magicJack VocalTec

In March this year magicJack VocalTec Ltd. (NASDAQ: CALL), a leader in providing voice-over-Internet cloud-based communication solutions, acquired North American Telecommunications Corp. d/b/a Broadsmart in a deal worth $40 million. Broadsmart acquisiton consists of $38 million in cash, $2 million in ordinary shares of magicJack and a $2-million earnout if Broadsmart reaches $15.6 million in 2016 revenue. The deal also includes

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4
Apr

Akron Brass Acquired by IDEX for $224.2 Million

In February this year IDEX Corporation (NYSE:IEX) acquired Akron Brass Holding Corporation, a wholly-owned subsidiary of Premier Farnell plc which produces safety equipment and emergency response equipment, in a cash-free debt-free deal worth $224.2 million. The all-cash deal was conditioned upon the approval of Premier Farnell’s shareholders and subject to post-closing working capital adjustments. Ohio-based Akron Brass is a world-class

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28
Mar

Piercap Introduces M&A Snapshots

PIERCAP PARTNERS INTRODUCES MONTHLY “M&A SNAPSHOTS” At PierCap Partners, we understand the value of M&A as a strategic growth tool. We also know that timing is just as essential as the actual execution. That is why we have launched a new series of monthly newsletters, M&A Snapshots, in order to share the very latest market data with business owners and

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21
Mar

PierCap Partners Launches M&A Investment Banking Firm in San Diego

Firm provides unique mix of Wall Street and Main Street experience, with focus on serving local privately held, family-owned businesses. SAN DIEGO (February, 2016) – PierCap Partners, a mergers and acquisition (M&A) investment banking firm, has launched in San Diego with a new office in Del Mar. Dedicated to serving privately held and family-owned businesses with revenues ranging from $10

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