Tag: MERGERS AND ACQUISITIONS

29
Oct

PierCap Partners Sage Panel Discussions – How to Survive Selling Your Company

Ashish Jariwala to discuss M&A survival strategies for business owners. On October 18, 2018, Sage Executive Group hosted a panel discussion focused on one question: “How to survive selling your company?” The Panel was moderated by Tom Deverell, Facilitator Chair and Executive Coach at Sage Executive Group. Panelists included: Ashish Jariwala, founding partner of PierCap Partners: An investment banker’s perspective on

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15
Sep

International Vapor Group acquired for combination of upfront cash, promissory note, stocks and earnout

It was announced on September 6, 2018 that the leading U.S. other tobacco products provider, Turning Point Brands, Inc. (NYSE:TPB), acquired 100% of Florida-based International Vapor Group, Inc. in a deal worth $29 million. Under the terms of the deal, Turning Point paid $15 million in cash upfront, $4 million in the form of an 18-month unsecured promissory note, 0.15

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2
Jul

Edgewater Networks – acquired for 26.83x EBITDA multiple

On June 25, 2018, it was announced that Ribbon Communications Inc. (NasdaqGS:RBBN), a developer of real-time, secure and intelligent cloud communication tools for both legacy networks and next-generation mobile and cloud environments, signed an agreement to acquire Edgewater Networks Inc. for $110 million. The deal consists of $50 million in upfront cash consideration, $30 million in deferred cash payments over

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1
Apr

Oboz Footwear gets a big kick with 16.3x EBITDA acquisition multiple

On March 20, 2018, it was announced that New Zealand-based Kathmandu Holdings Limited (NZSE:KMD), a public company focused on designing and selling footwear for outdoor adventure use, entered into an unconditional binding agreement to acquire 100% of the stock of Bozeman, Montana-based Oboz Footwear, in a deal worth $75 million. The deal consists of $60 million to be paid in

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16
Jan

Well orchestrated exit for niche manufacturer of test and measurement equipment

PierCap Partners, a premier mergers and acquisition (M&A) investment banking firm, has announced the sale of Vitrek Corp. of Poway to New York-based private equity firm. Founded by Kevin and Cindy Clark in 1990, Vitrek is a leading manufacturer of highly sophisticated electrical safety test and measurement equipment, with a primary focus on high-voltage applications. The firm has been at

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20
Nov

Keywords Studios on acquisition spree with its 10th acquisition of the year, VMC Consulting for $66 million

In October 2017 Keywords Studios Plc (LSE: KWS), an international technical service provider to the global games industry, made its 10th acquisition this year and its largest deal to-date with the stock purchase of VMC group, including VMC Consulting and Volt Canada Inc., in an all cash deal worth $66.4 million. Besides adjustment for working capital at closing, the deal

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12
Oct

SinfoniaRx, a startup spun out in 2013 – acquired for $131 Million or 4.85x revenue

On September 6, 2017 it was announced that New Jersey-based Tabula Rasa Healthcare, Inc. (NasdaqGM:TRHC), a public healthcare company that provides individualized, data-driven technology solutions, acquired 100% stock of Tuscon-based SinfoníaRx, Inc. in a deal worth $131.0 million. The deal consist of $35.0 million in cash, $11.6 million in form of Tabula Rasa’s shares (520,833 shares), and an additional $85.0

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29
Aug

PierCap Partners joins ACG’s panel to discuss Exit Options for business owners

Zaheer Dhruv to discuss exit options available for business owners and entrepreneurs. Zaheer Dhruv, and experts from the San Diego area are scheduled to have a panel discussion at Association for Corporate Growth’s (ACG) September event. The event, “What’s Your Exit Strategy”, will be held on September 19, 2017 from 7-9 AM at Lomas Santa Fe Country Club in Solana Beach, CA.

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21
Aug

PierCap Partners joins CFO Leadership Council panel to discuss M&A

Ashish Jariwala to discuss M&A survival strategies for business owners, entrepreneurs and CFOs. Ashish Jariwala, and experts from the San Diego area are scheduled to have a panel discussion at The CFO Leadership Council’s September event. The event, “Surviving a Merger or Acquisition – Strategies For All Sides”, will be held on September 13, 2017 from 7-9:30 AM at KPMG’s offices in San

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20
Jul

Interstate Distribution – sold again after 6 years for $113 Million

In July 2017 Heartland Express (NASDAQ: HTLD), a transportation and logistics company, made another acquisition with the purchase of 100% stock of Interstate Distribution Co. (IDC) from SaltChuk Resources, Inc. in an all cash deal worth $113 million. The deal will include cash payment of $94 million and assumption of IDC’s $23 million debt and $4 million cash on balance

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15
May

Atkins Nutritional – Goes public in merger with a blank check company

Atkins Nutritionals Holdings, a packaged food company owned by Roark Capital Group, was acquired in a deal worth $730 million by Conyers Park Acquisition Corp (NasdaqCM: CPAA) on April 10, 2017. The Selling shareholders will receive $730.1 million in total consideration through a combination of $653 million in cash ($402.5 million of cash held in Buyer’s trust account, $150 new

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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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15
Mar

PierCap Partners Relocates to Prime UTC Business Area

San Diego M&A Investment banking firm is relocating and expanding, while maintaining singular commitment to M&A and senior-level involvement. PierCap Partners is starting 2017 at their new office space in The Plaza, 4320 La Jolla Village Drive, Suite 300. The team is relocating from their previous office in Del Mar. The Plaza at La Jolla came as a natural choice for

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13
Feb

Auxilio Acquired CynergisTek for $34M 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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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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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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