CommScope Gears Up for 5G and Symantec Expands Cybersecurity Portfolio

​Last week, a total of $43.6 billion was invested in M&A markets through 79 deals. That’s over two times as many deals as last week, but for $8.8 billion less capital. Of those 79 deals, 10 were in the manufacturing sector and another 10 were for SaaS firms, with $2.25 billion and $1.8 billion invested, respectively. However, the technology, media, and telecommunications sector was the busiest again, with $35.8 billion invested across 31 deals, equaling roughly $1.15 billion per deal. The week also brought antitrust approval for Broadcom’s $19 billion acquisition of CA Technologies.

• Bojangles International (NAS: BOJA), a Southern-style fast food chain, has agreed to a $594 million buyout offer from Durational Capital Management and The Jordan Co. The public-to-private deal was offered to help the chicken- and biscuits-maker stem the recent string of profit losses from its 325 company-operated units and 441 franchised restaurants.

• CommScope (NAS: COMM), a North Carolina-based telecommunications equipment manufacturer, made its largest-ever acquisition in a $7.4 billion deal for Arris International. The target, Arris, is a manufacturer of TV set-top boxes. The all-cash deal will help CommScope bulk up its businesses before the global 5G roll-out.

• Symantec Corp (NAS: SYMC) announced its acquisition of Javelin Networks, an AI-based cybersecurity firm that protects enterprises from Active Directory attacks. The acquisition comes as attacks focused on Microsoft’s Active Directory services become increasingly popular. Symantec is a Fortune 500 anti-virus and software security company.

• Stitch, a developer-focused platform for the movement of enterprise data, has agreed to a $60 million acquisition offer from Talend (NAS: TLND). Philadelphia-based Stitch’s platform allows users to aggregate their data from across various cloud-based sources, including social media platforms, advertising services, CRM databases and email marketers. The acquisition will help Talend, who currently offers cloud integration services, to expand their cloud offerings.
  

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• Kansas City manufacturer Midland Metal Mfg. will be acquired by Anderson Metals through its financial sponsor Wynnchurch Capital. Midland is a producer of fittings, valves, clamps and accessories for industrial hose, plumbing, and piping markets. Wynnchurch, which invests in a variety of industrial, manufacturing, and fabrication companies, will merge the two companies together through a leveraged buyout.