Culligan will acquire AquaVenture for $27.10 per share in an all-cash transaction valued at approximately $1.1 billion, including AquaVenture’s net debt.
PetIQ has completed the acquisition of Perrigo Animal Health, a manufacturer of vet quality products for pet parents, from Perrigo Company for $185 million in cash.
OnDeck closed a $175 million asset-based revolving credit facility consisting of funds provided by Liberty Mutual Insurance and its affiliates and funds managed by affiliates of Ares Management.
Bloomberg reported that as the credit crisis worsened in 2008, Merrill Lynch sold $2.4 billion of debt backing takeovers of companies to Ares Management at a discount. The bet has reaped annualized gains of 19.25%.