Columbia West Capital News - Southwest Deal Intelligence
04.15.14 Arizona Deal Intelligence - March 2014


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

3/4/2014 Mitel Networks Corporation (NasdaqGS:MITL) acquired Computer Technology Solutions, Inc. The terms of the transaction were not disclosed. Computer Technology Solutions develops call recording and contact center management solutions and is based in Tempe, Arizona.

3/5/2014 Penford Products Co. acquired Gum Technology Corporation for $10.2 million. Gum Technology provides gum and hydrocolloid blends and is based in Tucson, Arizona.

3/5/2014 Everbrite, LLC acquired Fluoresco Services, LLC. The terms of the transaction were not disclosed. Fluoresco is engaged in the making of lighting systems and electrical signs and is based in Tucson, Arizona.

3/10/2014 VeroLube, Inc. agreed to acquire Thermo Fluids, Inc. from Nuverra Environmental Solutions, Inc. (NYSE:NES) for $175.0 million. Nuverra provides comprehensive and full-cycle environmental solutions and is based in Scottsdale, Arizona. Squire Sanders (US) LLP is serving as legal advisor to Nuverra.

3/10/2014 Pivotal Payments, Inc. acquired Capital Processing Network LLC. The terms of the transaction were not disclosed. Capital Processing provides payment processing and merchant accounting solutions to businesses and is based in Phoenix, Arizona.

3/11/2014 MountainView Capital Holdings, LLC acquired McGuire Performance Solutions, Inc. The terms of the transaction were not disclosed. McGuire provides asset-liability management solutions for financial institutions and is based in Scottsdale, Arizona.

3/21/2014 Ulthera Inc. acquired Cabochon Aesthetics, Inc. The terms of the transactions were not disclosed. Ulthera operates as an ultrasound-based medical technology company and is based in Mesa, Arizona. Latham & Watkins LLP served as legal advisor to Ulthera.

3/25/2014 Merchant Warehouse Inc. acquired Opticard Payment Services Incorporated. The terms of the transaction were not disclosed. Opticard engages in implementing and managing card programs and is based in Scottsdale, Arizona.

3/25/2014 Simpleview, Inc. acquired Software Management Inc. The terms of the transaction were not disclosed. Simpleview provides destination marketing solutions for large and small destination marketing organizations and is headquartered in Tucson, Arizona.

3/31/2014 Bogalusa Newsmedia LLC acquired The Daily News from Wick Communications Co. The terms of the transaction were not disclosed. Wick Communications is a family-owned community news company with 28 newspapers and 18 specialty publications in 11 states and is based in Sierra Vista, Arizona. Fennemore Craig, P.C. served as legal advisor to Wick Communications.

M&A - Financial

3/26/2014 Tallwave Capital and ethology Inc. agreed to acquire the assets of 29th Drive, LLC. The terms of the transaction are not disclosed. Tallwave Capital is a venture capital firm specializing in investments in seed and early stage companies and is based in Scottsdale, Arizona. ethology provides digital marketing services and is based in Phoenix, Arizona. 29th Drive designs software solutions and is based in Scottsdale, Arizona. Weiss Brown is serving as legal advisor to Tallwave Capital.

3/27/2014 Beneco was recapitalized by Alpine Investors LP. Beneco provides benefit solutions for contractors who perform projects that are subject to municipal, city, and state prevailing wage laws. Beneco is based in Scottsdale, Arizona. Weiss Brown served as legal advisor to Beneco.

Private Placements

3/4/2014 Health Outcomes Sciences LLC announced that it will receive $12.75 million in funding from a group of investors, including Grayhawk Capital LLC. Grayhawk Capital is a private equity and venture capital firm based in Phoenix, Arizona.

3/17/2014 QuadMed, LLC agreed to acquire a minority stake in Stat Health Services, Inc. The terms of the transaction were not disclosed. Stat Health provides the Stat Doctors™ eHealth solution which provides 24/7 telemedicine access for patients with minor acute healthcare needs.  Stat Health is based in Scottsdale, Arizona. Weiss Brown is serving as legal advisor to Stat Health.

3/18/2014 Ubiquity Hosting Solutions LLP announced that it will receive an undisclosed amount of funding from Seaport Capital. Ubiquity Hosting Solutions specializes in providing Internet and Web hosting services and is based in Phoenix, Arizona.

3/20/2014 RiceBran Technologies (NasdaqCM:RIBT) received $4.9 million in a round of funding from various investors. RiceBran Technologies is a human food ingredient and animal nutrition company based in Scottsdale, Arizona.

3/27/2014 IsoRay Inc. (NYSE MKT:ISR) received $14.7 million in a round of founding from two institutional investors. IsoRay provides innovative solutions for the treatment and diagnosis of disease using medical isotopes that represent significant advancements over existing technology. IsoRay is based in Phoenix, Arizona. Keller Rohrback L.L.P. served as legal advisor to IsoRay.

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