Acquirers Pigged Out on U.S. Deals this Week

Pigs are supposedly the fastest growing farm animal and gain two to three pounds a day.

A spate of large transactions this week helped boost deal values by 250% over the same period a year ago.

There were 84 announced U.S. mergers from April 14 to 19 valued at $57.5 billion, according to preliminary data from Thomson Reuters (publisher of peHUB). This compares to 126 deals valued at $16.4 billion during the same period last year.

The week’s biggest transaction was Dish Network’s $25.5 billion bid for Sprint Nextel. In second place was Thermo Fisher Scientific’s deal to buy Life Technologies for about $13.6 billion.

On the private equity side, there were 13 PE-backed transactions valued at $1.3 billion this week. That is down from 37 PE-backed deals valued at $4.3 billion in the same period a year ago, according to Thomson Reuters.

Following are this week’s top five PE deals:

  • No. 5. Coming in fifth place is High Point Infrastructure Partners’ acquisition of 90% of American Midstream GP for an undisclosed price. The transaction included 100% of the subordinated units of American Midstream. High Point is backed by ArcLight Capital Partners.
  • No. 4. Placing fourth is the Hilb Group, which is backed by BHMS Investments. Hilb bought Engle, Paxson & Hawthorne Insurance Services for an undisclosed price. Terms of the deal also were undisclosed. Leesburg, Va.-based Engle, Paxson provides insurance and risk management services.
  • No. 3. Coming in third is Harvest Partners’ purchase of AxelaCare Holdings from Excellere Partners for an undisclosed amount. Financial terms weren’t announced. Lenexa, Kan.-based AxelaCare is a full-service home infusion therapy provider.
  • No. 2. Placing second is Vintage Capital Group’s $300 million offer for Anaren Inc. Vintage Capital is offering $23 per share for Anaren. Syracuse, N.Y.-based Anaren is a telecommunication components maker.
  • No. 1. Madison Dearborn Partner’s $1.3 billion bid for wealth management company National Financial Partners is the week’s top PE deal.

Photo courtesy of Shutterstock


1 Comment

  • Seems odd to me that the Dish bid for Sprint is the main factor in this report. Since Sprint has an existing deal with Softbank, this dark-horse offer looks awfully speculative. But, if that’s the way Thomson Reuters counts it …

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