Columbia West Capital News - Southwest Deal Intelligence
04.22.16 Utah Deal Intelligence - March 2016


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

3/2/2016 TechnaGlass, Inc. acquired Precision Auto Glass LLC. The terms of the transaction were not disclosed. TechnaGlass provides auto glass repair and replacement services and is based in Sandy.

3/2/2016 Inergex, Inc. acquired Crossfuze, LLC. The terms of the transaction were not disclosed. Crossfuze provides software implementation, integration, and consulting services to clients worldwide and is based in Elwood.

3/6/2016 Sykes Enterprises, Incorporated (NasdaqGS:SYKE) agreed to acquire Clear Link Technologies, LLC for $207.0 million. Clear Link Technologies provides marketing, sales, and technology services for various brands and is based in Salt Lake City. Alston & Bird LLP is serving as legal advisor to Clear Link Technologies.

3/8/2016 Amer Sports Corp. (HLSE:AMEAS) acquired ENVE Composites, LLC for $50.0 million in cash. ENVE Composites designs, engineers, and manufactures wheels and components for the bicycle industry and is based in Ogden. Parsons Behle & Latimer served as legal advisor to ENVE Composites.

3/9/2016 TrueNorthLogic, LLC acquired Performance Matters LLC. The terms of the transaction were not disclosed. TrueNorthLogic develops and implements Web-based K-12 education human capital management solutions and is based in Sandy.

3/14/2016 LANDESK Software, Inc. agreed to acquire AppSense, Inc. The terms of the transaction were not disclosed. LANDESK Software provides IT management software solutions worldwide and is based in South Jordan.

3/17/2016 Headwaters Resources, Inc. acquired Synthetic Materials LLC for $45.0 million. Headwaters Resources provides fly ash and coal combustion products for utility clients and end-use customers and is based in South Jordan. Latham and Watkins LLP served as legal advisor to Synthetic Materials.

M&A - Financial

3/31/2016 GIC Pte. Ltd. and Silver Lake agreed to acquire an equity stake in Ancestry.com LLC. The terms of the transaction were not disclosed. Ancestry.com provides online family history and personal DNA testing services for subscribers worldwide and is based in Provo.

Private Placements

3/2/2016 RentMoola Payment Solutions Inc. announced that it has received $5.0 million in its equity round of funding led by new investor Conservice, LLC and Wyse Meter Solutions Inc. Conservice provides utility management and billing services for property owners and is based in Logan.

3/11/2016 SpeakWorks, Inc. announced that it will receive $5.0 million in equity funding from Five Elms Capital. SpeakWorks provides a cloud-based video training platform for skill development and is based in Orem.

3/15/2016 ObservePoint LLC announced that it will receive $6.5 million in equity funding from Pelion Ventures, Peak Ventures and other investors. ObservePoint provides a data quality assurance platform for enterprises and is based in Provo. Pelion Ventures is a venture capital firm based in Salt Lake City. Peak Ventures is a venture capital firm based in Provo.

3/22/2016 Sorenson Media, Inc. announced that it has received funding from Sorenson Capital. The terms of the transaction were not disclosed. Sorenson Media provides cloud- and server-based video encoding solutions and desktop applications to companies and is based in Draper. Sorenson Capital is a private equity and venture capital firm based in Lehi.

For submissions, please email David Lawless at dlawless@columbiawestcap.com.