Here are some potential M&A ideas, rumored or official, to jumpstart your deal pipeline. Our sources are various news reports and the Buyouts “Seeking Buyers” list. For prior lists, see below.
IDC (Interactive Data Corporation), is reviewing strategic alternatives. The listed company has a market cap or almost $2.7 billion and is majority-owned by Pearson. The FT, which Pearson also owns, reported that Hellman & Friedman, Kohlberg Kravis Roberts and Carlyle Group are interested bidders.
Argon ST, a listed defense industry tech services company, has not moved forward its sale process since it hired Stone Key Partners last fall, dealReporter.com reported. However, Reuters reported that the company is being circled by a number of suitors.
Brown’s Chicken & Pasta, an Illinois-based restaurant operator, is seeking buyers for its three locations.
General Motors Corp. is seeking a buyer for its Nexteer Automotive Steering and Driveline Operations, based in Sagnaw, Michigan.
Canwest Global Communications Corp., based in Winnipeg, Canada, is seeking buyers for its bankrupt newspaper publishing unit. The National Post is not included in the restructuring process.
Platinum Group Metals, based in Vancouver and Johannesburg, is exploring strategic alternatives for its mining projects in South Africa.
Leap Wireless is speculated to be hiring bankers to explore strategic alternatives, according to a report on dealReporter.com.
Valero Energy Corp. hired UBS AG to sell its only remaining U.S. East Coast plant. (Bloomberg)
GSC Investment Corp. continues to work with Stifel Nicolaus & Company to evaluate strategic alternatives.
Presidential Life Corporation, a NASDAQ-listed insurance company, is exploring strategic alternatives.
Symphony Technology Group LLC spoke out in favor of a sale of Chordiant Software Inc., which has been the subject of a $105 million unsolicited bid by CDC Software Corp. (Deal Pipeline)
Universal Insurance Holdings, based in Fort Lauderdale, is exploring strategic alternatives including the purchase of an insurance company in Texas.
The Detroit Pistons and Palace Sports and Entertainment may be for sale in the near future, The Detroit News reported. The teams owners have consulted with the NBA Commissioner on exploring a sale.
U.K. Financial Investments, the body that manages the government’s stake in RBS, Lloyds and Northern Rock, is seeking buyers for part of Northern Rock, which is owned by British taxpayers.
NASA is selling its 1970s spaceships and has decreased its asking price from $42 million to $28.8 million each. I have no idea whether these assets would appeal to any business or are simply museum buys (Hey, we saw what happened with the Magna Carta).
Update: Protection One, a provider of electronic security services to the residential, commercial and wholesale markets, announced that it is commencing a process to explore and evaluate strategic alternatives.