Business Management - M&A

Well, it’s official. As reported on the business wire earlier today, RR Donnelley (RRD) has split into three separate, publicly held companies. First revealed in August 2015, the breakup of the $11.7 billion conglomerate follows the latest corporate trend of “maximizing shareholder value” by creating more focused companies; in theory, the parts are more valuable than the whole. Similar moves, partly driven by activist investors, are in process at Xerox and already occurred at HP.

Donnelley Financial Solutions has announced the pricing of its 8.250% Senior Notes due 2024, which are referred to as the senior notes, in the aggregate principal amount of $300 million. Donnelley Financial also priced its $350 million senior secured term loan B facility under its new credit agreement, under which Donnelley Financial will borrow at 4.00% over LIBOR, subject to a LIBOR floor of 1.00%. The senior notes initially will be guaranteed, jointly and severally, on an unsecured basis, by each of the Company's existing and future direct and indirect wholly-owned U.S. subsidiaries that guarantee the Company's obligations under its senior secured credit facilities. The financing transactions are expected to close on Sept. 30, 2016, in connection with the contribution to Donnelley Financial of the financial communications and data services business of RRD.

Deploying a new digital press is not as easy as installing it and lining up the jobs.

Headquartered in Danville, Calif., The RedShark Group has been acquired by Mountain Lakes, N.J.-based The Hibbert Group.

CreaseStream has announced a new exclusive distribution partnership with DataBind Corp. for North America.

Dietzgen has purchased the Magic digital imaging business from Coveris, including Magic brand families of Museo, Magiclee and Jet Set.

Deluxe Corp., Shoreview, Minn., has acquired top 50 distributor B&B Solutions, Mabelvale, Ark.

HP Inc. has announced the largest print acquisition in its history with a definitive agreement to acquire Samsung’s printer business.

It’s a love affair — private equity firms are hot for printing companies that specialize in prime labels and flexible packaging. AEA Investors, a New York City-based private equity fund, announced that it was adding to its holding in the label printing segment with the addition of three companies to be bolted-on to its portfolio platform company Inovar Packaging Group which the fund acquired earlier this year.

Firespring announced a deal with Midstates Inc. of Aberdeen, S.D., to acquire Jacob North Print & Media Solutions and A to Z Printing.