Columbia West Capital News - Southwest Deal Intelligence
11.23.15 Utah Deal Intelligence - October 2015


This report is prepared as a courtesy to the Utah 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

10/6/2015 Carmike Cinemas Inc. (NasdaqGS:CKEC) acquired Sundance Cinemas LLC from Sundance Group, LLC and Oaktree Capital Management, L.P. for $36.0 million in cash. The Sundance Group is a Provo, Utah-based collective of non-profit and for-profit entities involved with the Sundance Institute, resort, film festival, cinemas, catalog, and other endeavors.    

10/8/2015 Geneva Rock Products, Inc. acquired the assets of Wilkinson Construction Company, Inc. The terms of the transaction were not disclosed. Geneva Rock Products manufactures construction materials and is based in Murray, Utah. Wilkinson Construction Company offers road construction and pavement maintenance services and is based in Morgan, Utah.    

10/8/2015 Dainese S.p.A. and Dainese U.S.A., Inc. acquired POC Sweden AB and POC USA, LLC from Ember Scandinavia AB and Black Diamond, Inc. (NasdaqGS:BDE) for $65.0 million in cash. Black Diamond designs, manufactures, and markets outdoor performance equipment and apparel for climbing, mountaineering, backpacking, skiing, cycling, and other outdoor recreation activities and is based in Salt Lake City, Utah.    

10/13/2015 ORLEN Upstream Sp. z o.o. agreed to acquire FX Energy Inc. (NasdaqGS:FXEN) for $83.1 million in cash. FX Energy is a Salt Lake City, Utah-based independent oil and gas exploration and production company. Bracewell & Giuliani LLP and Kruse, Landa, Maycock & Ricks, LLC are serving as legal advisors to FX Energy.    

10/18/2015 The Reynolds and Reynolds Company acquired International Document Services, Inc. The terms of the transaction were not disclosed. International Document Services offers mortgage closing document preparation software and services and is based in Draper, Utah.    

10/18/2015 WEX Inc. (NYSE:WEX) agreed to acquire Electronic Funds Source LLC for $1.5 billion in cash and stock. Electronic Funds Source provides payment solutions in the areas of fleet, corporate payments, emerging markets, and alliances and is based in Ogden, Utah.

10/23/2015 HealthEquity, Inc. (NasdaqGS:HQY) acquired a majority stake in Health Savings Account Portfolio from The Bancorp Bank for $34.4 million. HealthEquity provides various solutions for managing health care accounts, health reimbursement arrangements, and flexible spending accounts for health plans, insurance companies, and third-party administrators and is based in Draper, Utah. Willkie Farr & Gallagher LLP served as legal advisor to HealthEquity.    

10/26/2015 Galil Medical Inc. agreed to acquire Perseon Corporation (NasdaqCM:PRSN) from shareholders for $9.8 million in cash. Perseon is a Salt Lake City, Utah-based life sciences company that develops, manufactures, markets, and services medical systems to treat cancer and benign diseases using heat therapy. Dorsey & Whitney LLP is serving as legal advisor to Perseon.    

10/28/2015 CAID Industries, Inc. acquired Black Box Engineering, Inc. The terms of the transaction were not disclosed. Black Box Engineering provides mechanical engineering services to projects throughout the United States and is based in North Logan, Utah.  

10/31/2015 Pandora Media, Inc. (NYSE:P) acquired Ticketfly, Inc. from Cross Creek Advisors and other investors for approximately $480.0 million in cash and stock. Cross Creek Advisors is a venture capital firm based in Salt Lake City, Utah.  

M&A - Financial

10/20/2015 Ridgemont Equity Partners acquired Unishippers Global Logistics, LLC. The terms of the transaction were not disclosed. Unishippers provides shipping services for small and medium-sized businesses in the United States and is based in Salt Lake City, Utah.  

Private Placements  

10/6/2015 Fieldstone Communities, LLC announced that it will receive $10.0 million in a round of funding. As of October 20, 2015, the company has received $.48 million from four investors in its first tranche. Fieldstone Communities is a home builder based in Draper, Utah.    

10/7/2015 VidAngel Parental Controls Inc. announced that it has received $2.5 million from Kickstart Seed Fund and other investors. Kickstart is a venture capital firm based in Salt Lake City, Utah.    

10/15/2015 Extra Space Storage LP announced that it has received $25.3 million in funding from 26 investors. Extra Space Storage manages, develops, sells, and rents self-storage facilities and is based in Salt Lake City, Utah.    

10/16/2015 Sack Lunch Productions, Inc. (OTCPK:SAKL) announced that it has entered into a senior secured credit facility agreement of convertible promissory note for gross proceeds of up to $5.0 million. Based in Salt Lake City, Utah, Sack Lunch Productions operates lifestyle salons and is involved in assisting with the development and production of film products; and the acquisition, leasing, and sale of commercial and residential properties. The Law Offices of Michael Golightly served as legal advisor to Sack Lunch Productions.    

10/16/2015 Weave Communications, Inc. announced that it will receive $22.4 million in a round of funding from Peak Ventures, Pelion Venture Partners and other investors. Based in Pleasant Grove, Utah, Weave Communications offers long distance and local calling services; two-way text messaging services; and services that allow users to automatically send birthday and appointment reminders with the ability for their patients to text them back. Peak Ventures is a venture capital firm based in Provo, Utah. Pelion Venture Partners is a venture capital firm based in Salt Lake City, Utah.    

10/20/2015 NewVistas LLC announced that it will receive $25.0 million in funding. NewVistas operates in the technology industry and is based in Provo, Utah.    

10/28/2015 WAVE, Inc. announced that it has received $1.4 million in funding from two investors. WAVE develops and manufactures a wireless power transfer technology for electric buses and is based in Salt Lake City, Utah.  

10/29/2015 Blue Raven Solar, LLC announced that it has received $6.0 in a round of funding including participation from Peterson Partners LP. Blue Raven Solar is a solar energy equipment supplier based in American Fork, Utah. Peterson Partners is a private equity firm based in Salt Lake City, Utah.