Columbia West Capital News - Southwest Deal Intelligence
09.05.08 Arizona Deal Intelligence - August 2008


M&A - Strategic

8/10/08 JDA Software Group Inc. (NasdaqGM:JDAS) announced its intention to acquire I2 Technologies, Inc. (NasdaqGM:ITWO) from Q Investments, L.P., Deutsche Bank AG London, for $541.71 million. Scottsdale, Arizona-based JDA Software provides supply and demand chain requirement software solutions in the Americas, Europe, and Asia/Pacific. Legal counsel to JDA Software will be provided by DLA Piper US LLP.



8/15/08 HighPoint Solutions LLC announced it closed the acquisition of Aptiv Technology Partners from iCrossing, Inc. for an undisclosed amount. iCrossing operates as a digital marketing company and is headquartered in Scottsdale, Arizona.



8/19/08 Paradigm Precision Holdings LLC announced its intention to acquire TM Industries Inc. for an undisclosed amount. Paradigm is based in Tempe, Arizona and manufactures precision machined components for the aerospace and industrial gas turbine engine industries. Paradigm has retained O'Melveny & Myers, LLP as its legal counsel for the transaction.



8/21/08 Nortel Networks Corp. (NYSE:NT) announced it closed the acquisition of DiamondWare, Ltd. for $10.0 million. DiamondWare offers VoIP software solutions and is based in Mesa, Arizona.



8/21/08 The Suggestion Box, Inc. (OTCPK:SGTB) announced it closed the acquisition of Changing Times Vitamins, Inc. for an undisclosed amount. Scottsdale, Arizona-based Changing Times Vitamins manufactures nutrition supplements RecoveryX and Immune Plus Rx.



8/25/08 World Financial Network National Bank announced its intention to acquire Arizona Mail Order Company, Inc., Credit Card Receivables for an undisclosed amount. Arizona Mail Order Company is based in Tucson, Arizona and provides apparel and shoe products for women.



8/25/08 Norm Thompson Outfitters, Inc. announced its intention to acquire Arizona Mail Order Company, Inc. from Crosstown Traders, Inc. for $35.0 million. Crosstown Traders is based in Tucson, Arizona. Drinker Biddle & Reath LLP will provide legal counsel to Crosstown Traders for the transaction.



M&A - Financial
8/04/08 Najafi Companies and Energy Capital Investments LLC announced its intention to make a majority investment in Solverdi LLC. Solverdi is based in Phoenix, Arizona and produces renewable fuel for military and large industrial users in Arizona. Najafi's legal advisor for the transaction will be Ballard Spahr Andrews & Ingersoll, LLP.



Private Placements
8/08/08 IR Biosciences Holdings Inc. (OTCBB:IRBS) announced it closed a $5.0 million capital investment by Brencourt Advisors, LLC. IR Biosciences is a Scottsdale, Arizona-based development stage biotechnology company that engages in the research and development of potential drug candidates which are designed to be used as countermeasures for homeland security threats, including radiological, chemical, and biological agents. K&L Gates LLP was legal advisor to IR Biosciences for the transaction.



8/14/08 Novelos Therapeutics, Inc. (OTCBB:NVLT) announced it closed a $3.0 mm capital raise. Novelos is a biopharmaceutical company that commercializes oxidized glutathione-based compounds for the treatment of cancer and hepatitis in the United States.



8/26/08 Alanco Technologies Inc. (NasdaqCM:ALAN) announced it closed a $2.5 million capital raise. Alanco provides wireless tracking and asset management solutions in the United States and is based in Scottsdale, Arizona.