Spotlight M&A Deals of October: American Realty Capital Properties, AT&T, Solvay and more

Here are the ten most noteworthy M&A deals for October 2013.


5 November 2013

Spotlight-Mergers-Acquisitions-Deals

Deal volume continues to remain high globally, according to the Intralinks Deal Flow Indicator (DFI) which tracks global M&A sell-side mandates and deals reaching the due diligence phase prior to public announcement. There was an especially high volume of megadeals announced last month, and this month is no different. Based on DFI data for Q3 2013, the rest of this year should follow the same pattern.

Here are the ten most noteworthy deals for October 2013:

  1. American Realty Capital Properties – DealBook reported that American Realty Capital Properties agreed to purchase Cole Real Estate Investments for a $7.2 billion, creating one of the largest commercial real estate investment trusts in the US.
  2. AT&T – AT&T made $4.85 billion cash from its deal with Crown Castle International,  Bloomberg reported that AT&T agreed to lease or sell 9,700 of its cellphone towers.
  3. Solvay - Belgian company Solvay announced that they bought Chemlogics for $1.3 billion, the deal enables “Solvay’s Novecare business unit to become a leader in the oil & gas market.”
  4. ArcelorMittal - The Wall Street Journal reported that steel producer ArcelorMittal  signed an agreement with Algerian-state owned company Sider to invest $763 million in their jointly owned Algerian steel plant. 
  5. DukeNet Communications – Cable company Time Warner Cable Inc  announced that they will buy fiber optic network provider DukeNet Communications LLC  for $600 million.
  6. BNP ParibasReuters reported, “France’s largest bank BNP Paribas wants to sell a piece of its stake in Shinhan Financial Group Co Ltd in a deal worth up to $218 million.”
  7. Fifth & Pacific Cos. – According to MarketWatch, Fifth & Pacific Cos. agreed to sell its Juicy Couture brand to Authentic Brands for $195 million.
  8. Plains All American Pipeline StreetInsider reported that Plains All American Pipeline  and PAA Natural Gas Storage, entered a merger agreement in which the deal is expected “to result in approximately 14.7 million additional common units being issued by PAA.”
  9. Mezzan Holding Co. – According to Reuters, Kuwait’s Mezzan Holding Co. will acquire Red Bull’s distributor in the United Arab Emirates (UAE) for an undisclosed amount.
  10. Motorola Solutions Inc. – According to Reuters, Motorola, a provider of data communications services, is looking to sell its wireless LAN business.


Matthew Porzio

Matthew Porzio

Matt Porzio joined Intralinks in 2003. As SVP Marketing & Strategic Business Development, he is responsible for managing and driving the strategic direction for Intralinks Dealspace including virtual data room and full deal lifecycle solutions for the M&A, Private Equity, Advisory, Corporate Development and Restructuring communities. Before joining Intralinks, he was a senior associate at Metzler, a German advisory firm, focused on cross-border M&A transactions.