Month: June 2018

Sentinel Capital Partners Acquires GSM Outdoors Adds Leading Branded Hunting and Sport Shooting Business to Consumer Portfolio PR Newswire NEW YORK, June 7, 2018 NEW YORK , June 7, 2018 /PRNewswire/ — Sentinel Capital Partners, a private equity firm that invests in promising companies at the lower end of the midmarket, today announced its acquisition of GSM Outdoors, a leading provider of technologically-advanced, branded accessories for the hunting, sport shooting, and outdoor enthusiast markets. Terms of the deal were not disclosed. Headquartered in Grand Prairie, Texas , GSM has a broad portfolio of innovative hunting and sport shooting products sold under highly recognized brand names […]

Taylor Morrison Announces Agreement to Acquire AV Homes at $21.50 Per Share PR Newswire SCOTTSDALE, Ariz., June 7, 2018 SCOTTSDALE, Ariz. , June 7, 2018 /PRNewswire/ — Highlights: Acquisition price of approximately $490 million yields an attractive purchase multiple of 1.1x book Expect $30 million in annualized synergies from acquisition Growing the affordable active adult product offerings in Orlando , Phoenix and Raleigh to complement existing Taylor Morrison communities Expansion into the more affordable, first-time buyer segment Significantly increases scale and market share in five major housing markets Taylor Morrison Home Corporation (NYSE: TMHC), a leading national homebuilder and developer, and AV Homes, Inc. (NASDAQ: AVHI), a developer and builder of residential communities in Florida , the Carolinas, Arizona and Texas , today announced that they have entered into a definitive agreement pursuant to which Taylor Morrison will acquire all of the outstanding shares of AV Homes common stock at $21.50 per share in a cash and stock transaction valued (including outstanding AV Homes debt) at approximately $963 million […]

Broadridge Acquires MackayWilliams to Offer 360 Degree View of Fund Distribution Latest acquisition enables Broadridge to combine global institutional and retail data analytics with qualitative insights into the global funds industry PR Newswire LAKE SUCCESS, N.Y., June 7, 2018 LAKE SUCCESS, N.Y. , June 7, 2018 /PRNewswire/ — Broadridge Financial Solutions, Inc . (NYSE: BR), a global fintech leader, has further expanded its global market intelligence business with the acquisition of MackayWilliams, a specialist European fund market and research firm. […]

Pareteum and Artilium Announce Agreement for Pareteum to Acquire Artilium in $104.7 Million Transaction PR Newswire NEW YORK and LONDON, June 7, 2018 Pro-Forma 2018 Revenue Outlook of $49 Million Expected to be Accretive to 2019 Earnings Conference Call Scheduled for Friday, June 8 at 11am ET NEW YORK and LONDON , June 7, 2018 /PRNewswire/ — Pareteum Corp. (NYSE American: TEUM) and Artilium plc (AIM: ARTA) today announced that they have reached agreement for Pareteum to acquire Artilium. […]

Carnival Corporation & plc Acquires Port, Railroad and Retail Operations in Alaska Holland America Princess Alaska Tours, a subsidiary of the world’s largest leisure travel company, agrees to purchase TWC Enterprises Limited’s White Pass & Yukon Route division in Skagway, Alaska Separately, Carnival Corporation & plc is forming joint venture with Survey Point Holdings, Inc., subject to review and approval, enabling the Alaska-based company to become managing partner of newly acquired tourism operations in legendary Klondike Gold Rush region PR Newswire MIAMI, June 6, 2018 MIAMI , June 6, 2018 /PRNewswire/ — Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK), the world’s largest leisure travel company, through its subsidiary, Holland America Princess Alaska Tours, announced today it has entered into a purchase and sale agreement to acquire TWC Enterprises Limited’s White Pass & Yukon Route (WP&YR) division, which includes White Pass’ port, railroad and retail operations in Skagway, Alaska . The transaction is scheduled to close on July 31, 2018 subject to customary closing conditions. In addition to the acquisition, Holland America Princess Alaska Tours also executed a memorandum of understanding (MOU), subject to review and approval, with Survey Point Holdings, Inc., an Alaskan company based in Ketchikan , and several of its affiliated companies. […]

Jourdan Resources update on private placements and further disclosure on acquisition of the Rome Lithium property Canada NewsWire MISSISSAUGA, ON, June 6, 2018 MISSISSAUGA, ON , June 6, 2018 /CNW/ – JOURDAN RESOURCES INC. (the “Corporation”) (TSX-V NEX: JOR.H) is pleased to announce that, further to its March 1, 2018 press release, a first tranche of the Offering will be closed on June 11, 2018 . In preparation of the upcoming shareholders meeting, schedule for June 11, 2018 , the Corporation is also pleased to provide additional information on the previously announced non-arm’s length assignment agreement (the ” Agreement “) made effective August 9, 2017 , with Fairmont Resources Inc. […]

Seroquel Stepping Stone: How Luye Will Use Seroquel to Expand in Emerging Markets PR Newswire SHANGHAI, June 6, 2018 SHANGHAI , June 6, 2018 /PRNewswire/ — The $538 million acquisition by Luye Pharma Group Ltd. (HKSE:2186) of Seroquel quetiapine fumarate from AstraZeneca plc (LSE:AZN; NYSE:AZN) will lay the commercial groundwork in new emerging markets for the Chinese pharma’s internal CNS pipeline. On May 7 , Luye licensed exclusive rights to market the dibenzothiazepine atypical antipsychotic and its extended-release formulation, Seroquel XL, in 51 countries spanning developed and emerging markets […]

Taking MoneyTrac Public: Global Payout and MoneyTrac Technology Sign Reverse Triangular Merger Agreement MoneyTrac Technology Moves Into the Spotlight Through Reverse Merger with Global Payout PR Newswire SAN DIEGO, June 6, 2018 SAN DIEGO , June 6, 2018 /PRNewswire-PRWeb/ — MoneyTrac Technology, Inc. (“MTRAC”, the “Company”) is very pleased to announce that they have structured a reverse triangular merger agreement (the “Agreement”) with Global Payout, Inc. (“Global”) whereby MTRAC will be the post-merger operating entity. […]

Lynx FBO Network Acquiring Napa Jet Center, Hires Carrie Campbell PR Newswire HOUSTON, June 6, 2018 HOUSTON , June 6, 2018 /PRNewswire/ — Lynx FBO Network (Lynx), a portfolio company of The Sterling Group, announced today that it is acquiring Napa Jet Center, the premier general aviation service provider in the Napa Valley . The acquisition of Napa Jet Center will mark Lynx’s seventh acquisition since inception and second this year, and represents another opportunity for Lynx to invest significant resources towards developing a best-in-class fixed base operator (FBO) facility with industry-leading service ratings. Lynx plans to execute significant investments in the Napa facility, including the design and development of a world-class FBO campus reflective of the FBO’s role as the gateway to the Napa Valley . […]