Columbia West Capital News - Southwest Deal Intelligence
10.20.16 Arizona Deal Intelligence - September 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

9/1/2016 PPC Industries, Inc. acquired Xeridiem Medical Devices, Inc. from Fenner PLC (LSE:FENR) for $10.5 million. Xeridiem designs, develops, manufactures, and markets single-use medical devices focused in gastroenterology, cardiology, and urology for healthcare companies and venture-backed entrepreneurs worldwide and is based in Tucson.    

9/6/2016 GoDaddy Inc. (NYSE:GDDY) acquired ManageWP, LLC. The terms of the transaction were not disclosed. GoDaddy designs and develops cloud-based technology products for small businesses, Web design professionals, and individuals in the United States and internationally and is based in Scottsdale. Goodwin Procter LLP and Karanovic & Nikolic served as legal advisors to GoDaddy.    

9/9/2016 Farmer Brothers Co. (NasdaqGS:FARM) agreed to acquire substantially all the assets of China Mist Tea Company for $11.3 million. China Mist  produces, processes, and distributes iced tea for hotels and restaurants, foodservice purveyors, grocers, and coffee service operators worldwide and is based in Scottsdale. Osborn Maledon is serving as legal advisor to China Mist.    

9/12/2016 Applied Merchant Systems West Coast, Inc. acquired BlueSquare Resolutions, LLC. The terms of the transaction were not disclosed. BlueSquare provides payment processing solutions for merchants in the United States and is based in Scottsdale.    

9/15/2016 Accruent, LLC acquired Business Integration Group, Inc. from Cushman & Wakefield, Inc. The terms of the transaction were not disclosed. Business Integration Group  provides an integrated workplace management solution that delivers strategic insights to enable informed real estate decisions for owners, occupiers, and investors and is based in Tempe.    

9/19/2016 Tech Data Corp. (NasdaqGS:TECD) entered into an interest purchase agreement to acquire the assets and liabilities related to the Technology Solutions operating group of Avnet, Inc. (NYSE:AVT) for $2.6 billion. Avnet, together with its subsidiaries, distributes electronic components, enterprise computer, networking and storage products and software, IT solutions and services, and embedded subsystems and is based in Phoenix. Avnet's Technology Solutions operating group is a global IT solutions distributor. Gibson, Dunn & Crutcher LLP is serving as legal advisor to Avnet.    

9/26/2016 Explore Information Services, LLC acquired Transportation Performance, Inc. The terms of the transaction were not disclosed. Transportation Performance develops performance management software for trucking companies and is based in Buckeye.    

9/29/2016 Tractor Supply Company (NasdaqGS:TSCO) acquired Petsense, Inc. for $116.0 million. Petsense owns and operates a chain of small format pet supply stores in the United States and is based in Scottsdale. Jenner & Block LLP served as legal advisor to Petsense.  

9/30/2016 Origami Owl, LLC acquired willagirl LLC. The terms of the transaction were not disclosed. Origami Owl designs and manufactures custom jewelry products and is based in Chandler.  

M&A - Financial

9/13/2016 Nautic Partners, LLC, along with management of Vantage Mobility International, LLC (VMI), agreed to acquire VMI from Evergreen Pacific Partners and others. Financing for the transaction was provided by Triangle Capital (NYSE:TCAP) as well as other investors. VMI received $31.1 million in debt and equity funding from Triangle Capital. VMI manufactures wheelchair van conversions and mobility products for wheelchair users and caregivers and is based in Phoenix.  

Private Placements

9/1/2016 Deca Technologies Inc. announced that it has received $51.5 million in a round of funding from a leading electronics company. Deca is an electrical interconnect solutions provider offering wafer level chip scale packaging services to the semiconductor industry is based in Tempe.    

9/6/2016 Morgan Stanley Private Equity acquired a stake in Cadence Education, Inc. from Audax Group, Inc. The terms of the transaction were not disclosed. Cadence Education provides childhood and private elementary education services and is based in Scottsdale. Goulston & Storrs served as legal advisor to Cadence and Audax.    

9/8/2016 Tempronics, Inc. announced that it has received $9.5 million in funding led by new investor Lear Corp. (NYSE:LEA) and including participation from 23 investors. Tempronics develops distributed thermoelectric panels that allow heating and cooling functionalities to be integrated into vehicle seating, bedding, office and home seating, and apparel and is based in Tucson.    

9/13/2016 Ripple Labs Inc. announced that it has received $55.0 million in its Series B round of funding from Venture51 Capital Fund LLP and other investors. Venture51 is a venture capital firm based in Phoenix.    

9/14/2016 VINCI Highways SAS acquired an unknown stake in TollPlus LLC. The terms of the transaction were not disclosed. TollPlus is a software company that develops toll road management solutions for the tolling sector and is based in Chandler.    

9/14/2016 Lucid Software Inc. has received $36.0 million in its Series B round of funding led by new investor Spectrum Equity Management, L.P. and including participation from existing investors Grayhawk Capital, LLC and Kickstart Seed Fund. Grayhawk is a venture capital firm based in Phoenix.  

9/21/2016 DEPCOM Power, Inc. announced that it will receive $18.0 million in a round of funding. As of September 28, 2016, DEPCOM has received $15.0 million from a single investor in its first tranche. DEPCOM provides engineering, procurement, and construction services for solar power plants and is based in Scottsdale.     

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