Columbia West Capital News - Southwest Deal Intelligence
04.15.09 Arizona Deal Intelligence - March 2009


M&A - Strategic

3/2/2009 First Solar, Inc. (NasdaqGS:FSLR) announced it closed the acquisition of OptiSolar, Inc. for $400.75 million. First Solar engages in the design, manufacture, and sale of solar electric power modules using a proprietary thin film semiconductor technology. First Solar is headquartered in Tempe, Arizona.



3/4/2009 AFS Technologies, Inc. announced it closed the acquisition of Interactive Management Systems, Inc. for an undisclosed amount. AFS Technologies, doing business as Advanced FoodSystems, provides food and beverage enterprise software solutions in North America and the Caribbean. AFS is headquartered in Phoenix, Arizona.



3/9/2009 Microchip Technology Inc. (NasdaqGS:MCHP) announced it closed the acquisition of HI-TECH Software Pty. Ltd. for an undisclosed amount. Microchip Technology, together with its subsidiaries, engages in the development, manufacture, and sale of specialized semiconductor products for various embedded control applications. Microchip is based in Chandler, Arizona. Legal advisor to Microchip was Wilson, Sonsini, Goodrich & Rosati.



3/10/2009 U.S. Rental Housing REIT, Inc. announced its intention to acquire InPlay Technologies Inc. (NasdaqCM:NPLA) for an undisclosed amount. InPlay, together with its subsidiaries, develops human interface devices for computing and communication products. InPlay is headquartered in Scottsdale, Arizona.



3/12/2009 BAE Systems, Inc. announced its intention to acquire Advanced Ceramics Research, Inc. for $14.7 million. Tucson, Arizona based Advanced Ceramics Research engages in developing, manufacturing, and supplying preformed ceramic components.



3/25/2009 SuperShuttle International, Inc. announced it closed the acquisition of XPRESS Shuttle LLC for an undisclosed amount. Phoenix, Arizona-based SuperShuttle provides shared-ride door-to-door ground transportation services to airports and passengers. SuperShuttle was represented by DLA Piper LLP.



3/31/2009 Microchip Technology Inc. (NasdaqGS:MCHP) announced it closed the acquisition of R&E International Inc. for an undisclosed amount. Microchip Technology, together with its subsidiaries, engages in the development, manufacture, and sale of specialized semiconductor products for various embedded control applications. Microchip is based in Chandler, Arizona.



Private Placements

3/11/2009 SynCardia Systems, Inc. announced that it will raise $6-9 million in its series D round of funding. Tucson, Arizona based SynCardia designs and manufactures biomechanical cardiac replacement and assist devices.