Columbia West Capital News - Southwest Deal Intelligence
07.09.08 Arizona Deal Intelligence - June 2008


M&A - Strategic

6/2/08      Fender Musical Instruments Corp. announced it closed the acquisition of Groove Tubes, LLC for an undisclosed amount. Fender manufactures guitars, basses, amplifiers, and related equipment and is based in Scottsdale, Arizona.



6/3/08     Syntellect Inc. announced it closed the acquisition of Fluency Voice Technology, Ltd. for an undisclosed amount. Syntellect is headquartered in Phoenix, Arizona and provides enterprise contact center solutions for the high-technology, financial services, help desk, utilities, government, and consumer products industries.



6/4/08     Waste Management, Inc. (NYSE:WMI) announced it closed the acquisition of Desert Waste & Recycling Management Co. for an undisclosed amount. Desert Waste operates as a waste and recycling hauling company and is based in Phoenix, Arizona.



6/5/08     Axway Inc. announced its intention to acquire Tumbleweed Communications Corp. (NasdaqGM:TMWD) for $146.45 million. Axway provides collaborative business solutions and is based in Scottsdale, Arizona.



6/6/08     Airgas Inc. (NYSE:ARG) announced its intention to acquire Energy Safety Services, Inc. for an undisclosed amount. Energy Safety Services, doing business as Oilind Safety, Inc., provides safety solutions and services and is based in Phoenix, Arizona.



6/9/08     BE Aerospace Inc. (NasdaqGS:BEAV) announced its intention to acquire Honeywell Consumables Solutions from Honeywell International Inc. (NYSE:HON) for $1,050.1 million. Honeywell Consumables Solutions offers consumable aerospace parts. It is based in Tempe, Arizona and operates as a subsidiary of Honeywell International, Inc. Honeywell has retained Bingham McCutchen LLP as legal counsel for the transaction.



6/16/08     Medicis Pharmaceutical Corp. (NYSE:MRX) announced its intention to acquire LipoSonix, Inc. for $300.0 million. Medicis develops and markets products for the treatment of dermatological, aesthetic, and podiatric conditions. Medicis is headquartered in Scottsdale, Arizona.



6/19/08     Restaurant Acquisition Partners Inc. (OTCBB:RAQP) announced its intention to acquire Oregano's Pizza Bistro, Inc. for $25.49 million. Oregano's operates as an Italian bistro restaurant chain and is based in Tempe, Arizona.



6/22/08     Republic Services Inc. (NYSE:RSG) announced its intention to acquire Allied Waste Industries Inc. (NYSE:AW) for $12,799.47 million. Headquartered in Phoenix, Allied Waste operates as a nonhazardous solid waste management company in the United States and Puerto Rico. Allied Waste has retained Mayer Brown LLP as legal counsel for the transaction.



6/23/08     The GMarie Group announced it closed the acquisition of Flypaper Studio, Inc., e-Learning Services Business from Flypaper Studio, Inc. for an undisclosed amount. E-learning Services Business of Flypaper Studio, Inc. develops and markets software for creating e-learning courses. Flypaper Studio, Inc. is based in Phoenix, Arizona.



6/30/08     Avnet Inc. (NYSE:AVT) announced it closed its acquisition of Source Electronics Corporation for an undisclosed amount. Avnet and its subsidiaries distribute electronic components, enterprise computer and software products, and embedded subsystems. Avnet is headquartered in Phoenix, Arizona.




Private Placements

6/9/08      EverSpin Technologies, Inc. announced the closing of a $20 million capital raise from Draper Fisher Jurvetson, Sigma Partners, EPIC Ventures, New Venture Partners LLC, and Lux Capital Management. EverSpin, based in Chandler, Arizona, develops and manufactures magnetoresistive random access memory and related magnetic-based products. Legal advisor to EverSpin was Cooley Godward Kronish LLP.



6/16/08     Telesphere Networks, Inc. announced the closing of a $10 million capital raise from The Greenspun Corporation, Hawkeye Capital Management, LLC, and Rally Capital, LLC . Headquartered in Scottsdale, Arizona, Telesphere provides voice and data solutions for small and medium businesses.