Columbia West Capital News - Southwest Deal Intelligence
06.11.13 Arizona Deal Intelligence - May 2013


This report is prepared as a courtesy to the Arizona business community by Columbia West Capital based on our research and information collected by our firm. Despite our dedicated efforts, occasionally a deal might be missed or appropriate credit not given to legal or financial advisors. Please feel free to contact us if you have information on a transaction that you want to ensure is included and credit attributed to appropriate advisors. Also, feel free to forward to others who may have interest; they can be added to the regular distribution by contacting our office. Our contact information is below.  

M&A - Strategic

5/1/2013 Banner Health acquired Arizona Regional Medical Center. The terms of the transaction were not disclosed. Banner Health manages 23 acute-care hospitals throughout the U.S. Arizona Regional provides healthcare at two acute care hospitals located in Arizona. Lewis and Roca LLP served as legal advisor to Banner Health.   

5/10/2013 Western State Bank acquired Central Arizona Bank. The terms of the transaction were not disclosed. Central Arizona Bank provides various personal and business banking products and services and is based in Scottsdale, Arizona.   

5/13/2013 Twitter, Inc. acquired Lucky Sort Inc. from a group of investors including Social Leverage, LLC. The terms of the transaction were not disclosed. Social Leverage provides capital and offers strategic guidance to emerging web businesses and is based in Phoenix, Arizona.   

5/17/2013 SkyMall, Inc. merged into a subsidiary of Xhibit Corp. (OTCBB:XBTC) in a stock transaction valued at $177.8 million. Najafi Companies, owners of SkyMall prior to the merger, will remain a significant shareholder of Xhibit. Xhibit operates as an online marketing and digital advertising company and is based in Tempe, Arizona. SkyMall sells products online and through its printed airline catalog and is based in Phoenix, Arizona. Najafi Companies is a private equity firm based in Scottsdale, Arizona. Keller Rohrback L.L.P. served as legal advisor to Xhibit, and Ballard Spahr LLP served as legal advisor to SkyMall. Columbia West Capital, LLC has served as financial advisor to Xhibit.   

5/17/2013 IMS Health Incorporated acquired 360 Vantage, LLC. The terms of the transaction were not disclosed. 360 Vantage provides cloud-based multi-channel CRM and closed loop marketing technologies and is based in Chandler, Arizona. Osborn Maledon, P.A. served as legal advisor to 360 Vantage.   

5/28/2013 Inventure Foods, Inc. (NasdaqGM:SNAK) acquired the berry processing business of Willamette Valley Fruit Company, LLC for $12.5 million in cash. Inventure Foods markets and manufactures specialty food and is based in Phoenix, Arizona. Osborn Maledon, P.A. served as legal advisor to Inventure Foods.

M&A - Financial

5/14/2013 Najafi Companies acquired MeeGenius, Inc. The terms of the transaction were not disclosed. Najafi Companies is a private equity firm based in Scottsdale, Arizona.  

For submissions, please contact Jordan Nelson at jnelson@columbiawestcap.com.