CPE Funds Management Consortium Proposes to Acquire Hollysys Automation Technologies for $17.10 Per Share

HF Sinclair Acquires Holly Energy Partners

December 1, 2023

Energy

HF Sinclair Corporation completed the merger to acquire all outstanding common units of Holly Energy Partners, L.P., paying 0.3150 shares of HF Sinclair common stock and $4.00 in cash per HEP common unit. The transaction removed HEP from public trading and gives HF Sinclair full ownership of HEP's midstream terminals, pipelines and storage assets to better integrate and optimize its logistics and midstream capabilities.

Thomas H. Lee Partners' THL Automation Fund Leads $23.5M Growth Investment in Phytech

September 22, 2020

Agriculture

Phytech Ltd., an Israeli digital farming and IoT provider, raised $23.5 million in growth funding from funds managed by Thomas H. Lee Partners (including THL Automation Fund L.P.) and existing anchor investors. The capital will be used to accelerate development of irrigation automation capabilities and support Phytech's global market expansion; THL Managing Director Josh Bresler joined Phytech's board as part of the transaction.

Emerson Acquires Remaining Shares of AspenTech for $7.2 Billion

February 2, 2025

Software

Emerson will acquire all remaining outstanding shares of AspenTech that it does not already own via an all-cash tender offer at $265.00 per share, followed by a merger to obtain the rest of the shares. The minority stake being acquired is valued at $7.2 billion and the deal is expected to close in the first half of 2025, subject to customary conditions.

ACE Convergence Acquisition Corp. to Merge with Tempo Automation (Tempo Automation Holdings, Inc.)

March 17, 2022

IT Services

ACE Convergence Acquisition Corp. (ACE) entered into an agreement and plan of merger with Tempo Automation to complete a business combination, after which the combined entity is expected to be renamed Tempo Automation Holdings, Inc. ACE and Tempo expect the transaction to close subject to conditions in the merger agreement and shareholder approvals. Separately, Cantor Fitzgerald’s affiliate committed to purchase up to $100 million of post-merger Tempo common stock from time to time to provide Tempo additional opportunistic capital.

SES Holdings Acquires Public Listing via Business Combination with Ivanhoe Capital Acquisition Corp

February 3, 2022

Manufacturing

SES Holdings Pte. Ltd. (SES) combined with SPAC Ivanhoe Capital Acquisition Corp. in a deal that was approved by Ivanhoe shareholders on February 1, 2022 and closed on February 3, 2022. The combined company began trading on the New York Stock Exchange on February 4, 2022 under the ticker symbol “SES,” following an upsized $275 million common stock PIPE supported by multiple global automakers and strategic investors.

Mitsubishi HC Capital Acquires CAI International

June 17, 2021

Transportation

CAI International agreed to be acquired by Mitsubishi HC Capital Inc. (MHC) in an all-cash transaction valued at $1.1 billion equity value ($2.9 billion enterprise value), paying $56.00 per share to CAI shareholders. CAI stockholders approved the merger, and the deal is expected to close in late Q3 or early Q4 2021, after customary closing conditions including a required “migration” of certain subsidiaries to the United States.