Columbia West Capital News - Southwest Deal Intelligence
04.25.16 Arizona Deal Intelligence - March 2016


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

3/2/2016 Smyth Companies, LLC acquired Pure Pack Technologies LLC. The terms of the transaction were not disclosed. Pure Pack Technologies designs and manufactures custom and stock bags for the movie theater industry and is based in Phoenix.

3/8/2016 Leaseweb USA, Inc. acquired Nobis Technology Group, LLC. The terms of the transaction were not disclosed. Phoenix-based Nobis Technology Group, through its subsidiaries, provides data centers, virtual private servers, web hosting and online gaming services.

3/10/2016 Dentsu Aegis Network Ltd. agreed to acquire Cardinal Path, LLC. The terms of the transaction were not disclosed. Cardinal Path is a digital data and analytics company providing digital data consulting and intelligence services and is based in Tempe.

3/22/2016 Syncordia Technologies and Healthcare Solutions Corp. (TSXV:SYN) agreed to acquire an 80% equity stake in Billing Solutions, LLC for $8.0 million. Billing Solutions provides medical billing services and is based in Prescott.

3/22/2016 Sun Communities Inc. (NYSE:SUI) agreed to acquire Carefree Communities Inc. from Centerbridge Partners, L.P. for $1.7 billion. Scottsdale-based Carefree Communities owns and operates destination RV parks and manufactured home communities in the U.S. and Canada. Simpson Thacher & Bartlett LLP served as legal advisor to Carefree Communities.

3/23/2016 First Service Networks, Inc. acquired FM Facility Maintenance, LLC. The terms of the transaction were not disclosed. First Service Networks provides multi-site facilities maintenance and repair services and is based in Scottsdale.

3/30/2016 SheKnows, LLC agreed to acquire Float, Inc. The terms of the transaction were not disclosed. SheKnows operates a women's lifestyle digital media platform and is based in Scottsdale.  

Equality Health LLC acquired Health Business Intelligence Inc. The terms of the transaction were not disclosed. Equality Health is a Phoenix-based population health risk management company focused on improving care delivery for underserved populations through culturally-sensitive programs that improve access, quality, and patient trust. Health Business Intelligence is a Scottsdale-based developer of SaaS enterprise applications for the payor-provider Integrated Care and Population Health Management markets.

M&A - Financial

3/1/2016 Duke Street LLP and a syndicate of other private equity groups agreed to acquire Medi-Globe GmbH from Medi-Globe Corporation. The terms of the transaction were not disclosed. Medi-Globe Corporation develops, manufactures, and distributes instruments, catheters, devices, and other equipment for endoscopy, urology, cardiology, and wound care applications and is based in Tempe. McDermott Will & Emery LLP is serving as legal advisor to Medi-Globe Corporation.

Private Placements

3/10/2016 Coverys acquired a minority stake in Strategic Risk Solutions Inc. The terms of the transaction were not disclosed. Based in Scottsdale, Strategic Risk Solutions is an onshore and offshore captive manager and provides management and consulting services to the captive insurance industry.

3/14/2016 Emailage Corp. received a round of equity funding from Wipro Ventures Ltd. The terms of the transaction were not disclosed. Emailage develops and delivers a fraud risk assessment and scoring network assessing digital entity risks and is based in Chandler.

3/15/2016 NthDegree Technologies Worldwide Inc. announced that it will raise $6.0 million in a round of equity funding. As of March 24th, the company has received $2.2 million from four investors. NthDegree Technologies Worldwide engages in the research and manufacturing of printed semiconductors and is based in Tempe.

3/16/2016 VisionGate, Inc. received $20.0 million in equity funding led by Trinnovate Ventures. VisionGate provides in-vitro automated 3D cell structure and analysis solutions to the medical industry and is based in Phoenix. Trinnovate Ventures, a subsidiary of Blue Cross Blue Shield of Arizona, Inc., makes investments in healthcare innovations and is based in Phoenix.

3/17/2016 DICOM Grid, Inc. announced that it has received $6.0 million in a round of equity funding from 10 investors. DICOM Grid is a healthcare SaaS company that develops a cloud-based digital medical image management software suite and is based in Phoenix.

3/17/2016 E-Line Media, LLC announced that it will receive $6.0 million in equity funding. As of March 30th, the company has received $5.0 million from a single investor. E-Line Media develops and publishes game-infused blended learning and educational products and is based in Tempe.

3/21/2016 Atlas44, LLC announced that it will receive $10.0 million in a round of funding. As of March 28th, the company has received $5.0 million from a single investor. Atlas44 provides services in the technology construction industry and is based in Scottsdale.

3/29/2016 Coplex, LLC received $1.5 million in equity funding from Phoenix-area investors including HealthiestYou executives Jim Prendergast and Scott Sanford, Opus Bank, and another investor. The capital was used to buy out previous company partners and provide funding for growth. Coplex designs, develops, markets, and maintains internet websites and is based in Tempe. Polsinelli served as legal advisor to Coplex.

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