Columbia West Capital News - Southwest Deal Intelligence
11.07.08 Arizona Deal Intelligence - October 2008


M&A - Strategic

10/10/2008 Avnet Inc. (NYSE:AVT) announced its intention to acquire Abacus Group plc (LSE:ABU) for $177.65 million. Avnet, together with its subsidiaries, distributes electronic components, enterprise computer and storage products, and embedded subsystems worldwide. Avnet is headquartered in Phoenix, Arizona. Legal counsel to Avnet for the transaction is Allen & Overy LLP.



Private Placements
10/6/08 OrthoScan, Inc. announced it closed a $7.5 million capital raise. OrthoScan develops mini C-arm X-ray imaging systems used by orthopaedic surgeons and provides mini C-arm drapes, footswitch covers, keyboard covers, and thermal printer papers. OrthoScan is based in Scottsdale, Arizona.




10/16/08 NutraCea (OTCBB:NTRZ) announced a $5.0 million capital raise. NutraCea, a health-science company headquartered in Phoenix, Arizona, develops and distributes stabilized rice bran and proprietary rice bran formulations. Legal counsel to NutraCea for the transaction is Weintraub Genshlea Chediak Sproul.




10/28/08 Exeter Life Sciences, Inc. and other existing investors announced the closing of their $15.0 million investment in Arcadia Biosciences, Inc. Phoenix, Arizona-based Exeter Life Sciences provides health and life sciences products and services, including animal genomics and livestock cloning, and also offers solutions in the areas of human and plant health.




10/29/08 First Solar, Inc. (NasdaqGS:FSLR) announced its $25.0 million capital investment as part of a total $30.0 million raise for SolarCity Corporation. First Solar designs, manufactures, and sells solar electric power modules using a proprietary thin film semiconductor technology. First Solar is headquartered in Tempe, Arizona.