M&A; Activity Around The Globe: Calpian, First Alliance Payment Processing, Sunlogics, Phoenix Solar Holdings, SAP, Crossgate
Tuesday, September 20, 2021 12:48 PM

As the US stocks trade higher as investors hoped Greece would make progress in discussions with debt inspectors to get its hands on more bailout money, several M&A activities took place around the world. Some notable M&A activities are discussed here.

Calpian Completes Acquisition of Additional Residuals

Calpian Inc. a Dallas-based public company engaged in the electronic payments processing industry, said today the August 1, 2021 closing of phase two of a residual acquisition from First Alliance Payment Processing, Inc. (FAPP,) the first phase of which was completed by the parties on January 7, 2011. In the second phase of this two-part acquisition, Calpian acquired additional residuals from FAPP that will generate new recurring revenues to the Company in exchange for $140,000.00 in cash and 10,000 shares of the company’s Common Stock. Details of the residual acquisitions by Calpian from FAPP are disclosed by Calpian in its Current Reports on Form 8-K filed with the SEC on January 12, 2022 and August 4, 2011.

Sunlogics Acquires EPV Solar and New Millennium Solar Equipment

Germany-based, Sunlogics PLC, a vertically integrated global solar energy systems provider specializing in solar project development and installation, said on Tuesday that it has acquired privately-held Phoenix Solar Holdings Corp and its operating subsidiaries, including EPV Solar Germany GmbH and New Millennium Solar Equipment Corp. With the completion of this transaction, Sunlogics now has the ability to manufacture solar panels, using its proprietary technology, in Europe, Asia and North America. The company's senior management team has extensive global experience in manufacturing of solar modules and engineering and installing solar power generating facilities. The acquisition includes the photovoltaic manufacturing facility located in Senftenberg, Brandenburg, Germany. The transaction included investments by GLG Partners LP, Tenor Capital, Atlas Investment Fund and Catalyst Investment Management Co LLC. Exact financial terms of the transaction were not disclosed, but did include Sunlogics receiving a $6 million equity investment.

SAP to Acquire B2B Networking Provider Crossgate

SAP AG (NYSE: SAP) said today, that it intends to acquire business-to-business (B2B) integration provider Crossgate. A leading provider of hosted B2B integration services, Crossgate enables companies to fully integrate and network with trading partners, clients and suppliers, allowing electronic data exchange with any business partner regardless of their technical capability. With this acquisition, SAP will enable networking at the enterprise level, providing an easy way for trading partners to collaborate, share data and automate processes that link customers and suppliers for streamlined B2B e-commerce. SAP and Crossgate have a proven history of partnership as part of the SAP ecosystem, and in October 2008 Crossgate received an investment from SAP. The acquisition is subject to the approval of the relevant antitrust authorities. SAP will provide additional details about future plans after the acquisition of Crossgate is completed. The acquisition is expected to close by November 1, 2011. Terms and purchase price of this acquisition are not publicly disclosed. SAP was trading higher by 0.99 percent to $50.96 on Tuesday.