Columbia West Capital News - Southwest Deal Intelligence
06.11.09 Arizona Deal Intelligence - May 2009


M&A - Strategic

5/7/2009 Yamatake Corp. (TSE:6845) announced it closed the acquisition of BioVigilant Systems, Inc. for an undisclosed amount. BioVigilant Systems, Inc. engages in developing, manufacturing, and marketing microbial detection and environmental monitoring instruments. BioVigilant Systems is headquartered in Tucson, Arizona.



5/11/2009 Emerson Radio Corp. (AMEX:MSN) announced it closed the acquisition of Syntax-Brillian Corporation, Olevia Brand for an undisclosed amount. Syntax-Brillian Corporation, Olevia Brand produces LCD televisions and comprises trademarks, licensing rights, and intellectual property related to the brand Olevia. Syntax-Brillian Corporation is based in Tempe, Arizona.



5/21/2009 Limelight Networks, Inc. (NasdaqGM:LLNW) announced it closed the acquisition of Kiptronic, Inc. for an undisclosed amount. Tempe, Arizona-based Limelight Networks provides content delivery network services in the United States, Europe, and the Asia Pacific.



M&A - Financial

5/18/2009 Kona Grill Inc. (NasdaqGM:KONA) announced that Mill Road Capital intends to acquire the remaining 90% of Kona it doesn't own for a total enterprise value of $34.6 million. Scottsdale, Arizona-based Kona Grill owns and operates upscale casual dining restaurants in the United States.



Private Placements

5/4/2009 SDCmaterials, Inc. announced it raised $14 million in its series B round of funding. The round was led by new investor Invus Financial Advisors, LLC and included participation by existing investors. Headquartered in Tempe, Arizona, SDCmaterials, Inc. designs, develops, and integrates nanomaterials.



5/13/2009 Arizona investor Najafi Companies announced its intention to invest an undisclosed amount in a private placement for good2gether, Inc., a social media Web service that connects nonprofits, media, and corporations.



5/27/2009 Telesphere Networks, Inc. announced the closing of a $15 million round of funding. The round included participation from existing investors Hawkeye Capital Management, LLC, Rally Capital, LLC, and The Greenspun Corporation, Investment Arm. Scottsdale, Arizona-based Telesphere Networks provides voice and data solutions for small and medium businesses. Snell and Wilmer L.L.P. served as legal advisor to the company in connection with the transaction.



5/30/2009 Medtrust Online, LLC announced it raised its second round of funding. MedTrust provides an Internet portal for oncologists to research, access, and share information. MedTrust is based in Scottsdale, Arizona.