Notable Mergers and Acquisitions of the Day 10/05: THMD, BEAV, BPO/BHS

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October 5, 2010 10:31 AM EDT

Thermadyne Holdings Corp. (Nasdaq: THMD) announced that they have entered a definitive agreement to be acquired by Irving Place Capital affiliates for a consideration of $15 per share, or $422 million total.

Close of the transaction is expected in December 2010.

The transaction is subject to shareholder approval and other customary closing conditions and is targeted to close in December 2010.

Oppenheimer & Co. Inc. is acting as Thermadyne's exclusive financial advisor, and Bryan Cave LLP serves as its legal advisor.

RBC Capital Markets is acting as Irving Place Capital's exclusive financial advisor, and Weil, Gotshal & Manges LLP is acting as its legal advisor.

Jefferies & Company, Inc. or one or more of its affiliates, RBC Capital Markets and GE Antares Capital Corporation have committed to providing debt financing in support of the transaction.
B/E Aerospace (Nasdaq: BEAV) announced that they have signed a definitive acquisition agreement with TSI Group. The transaction is valued at $310 million.

The deal is expected to close in Q410.

The acquisition is expected to be neutral to B/E Aerospace 2011 net earnings, and accretive to net earnings thereafter.
Brookfield Properties Corporation (NYSE: BPO) and Brookfield Homes Corporation (NYSE: BHS) announces the creation of Brookfield Residential Properties Inc.

Brookfield Residential Properties combines Brookfield Homes and the North American residential land and housing division of Brookfield Office Properties.

The company will have $2.5 billion in assets and $1 billion in assets.

An application will be made to list the common shares of Brookfield Residential on the New York and Toronto stock exchanges.