Columbia West Capital News - Southwest Deal Intelligence
09.26.17 Utah Deal Intelligence - August 2017


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  

8/1/2017 Commercial Credit, Inc. acquired the business operations of Transfac Capital, Inc. The terms of the transaction were not disclosed. Transfac Capital provides accounts receivable factoring and invoice financing program services and is based in Salt Lake City.    

8/2/2017 DigiCert, Inc. agreed to acquire the website security and related PKI Solutions Business of Symantec Corporation (NasdaqGS:SYMC). Under the terms of the agreement, Symantec will receive approximately $950.0 million in upfront cash proceeds and approximately a 30% stake in the common stock equity of the DigiCert business at the closing of the transaction. DigiCert, a certificate company, provides SSL certificates and SSL management tools for small and large companies in various industries and is based in Lehi. Kirkland & Ellis LLP served as legal advisor to DigiCert.    

8/8/2017 eLearning Brothers, LLC acquired Solid Stock Art LLC. The terms of the transaction were not disclosed. eLearning Brothers designs and develops templates and stock assets that enable users to create courses and is based in Saratoga Springs. Solid Stock Art offers stock photos and illustrations with a royalty free license agreement allowing unlimited use to public and corporations and is based in Sandy.    

8/14/2017 CibusDx, Inc. acquired Pronucleotein Biotechnologies, LLC. The terms of the transaction were not disclosed. CibusDx develops and manufactures portable and onsite food safety testing systems and is based in Salt Lake City.    

8/17/2017 Kellermeyer Bergensons Services, LLC acquired Varsity Contractors, Inc. The terms of the transaction were not disclosed. Varsity Contractors, doing business as Varsity Facilities Services, provides integrated facility services in the United States and Canada and is based in Salt Lake City.    

8/22/2017 SilverVue, Inc. acquired Ergo Sum Healthcare, Inc. The terms of the transaction were not disclosed. SilverVue operates as a healthcare software company and is based in Sandy.    

8/22/2017 Clarus Corporation (NasdaqGS:CLAR) acquired Sierra Bullets, L.L.C. for $79.0 million. Clarus Corporation designs, manufactures, and markets outdoor engineered equipment and apparel for climbing, mountaineering, backpacking, skiing, and various other outdoor recreation activities in the United States and internationally and is based in Salt Lake City.    

8/23/2017 Simplus acquired Basati LLC. The terms of the transaction were not disclosed. Simplus provides software as a service, products and support services that streamline and simplify global enterprise work management processes and is based in Sandy, UT.    

8/30/2017 Chime Technologies, Inc. acquired Geographic Farming LLC. The terms of the transaction were not disclosed. Chime Technologies develops lead generation and customer relationship management software for real estate professionals in the United States and is based in Salt Lake City.  

8/30/2017 Victory Hill Exhibitions Pte. Ltd. agreed to acquire JP Exhibition LLC from MagicSpace Entertainment, Inc. and others for $25.0 million. JP Exhibition develops, finances, and presents an exhibition based upon the Jurassic Park motion picture franchise featuring animatronic dinosaurs and is based in Salt Lake City. MagicSpace Entertainment produces and presents national tours, Broadway shows, and concerts and is based in Salt Lake City.  

M&A - Financial

8/24/2017 Trilantic Capital Management LLC and other buyers acquired Traeger Pellet Grills, LLC in a recapitalization transaction. The terms of the transaction were not disclosed. Traeger Pellet Grills manufactures wood pellet grills for outdoor cooking and is based in Salt Lake City. Kirkland & Ellis LLP served as legal advisor to Traeger.   Private Placements  

8/4/2017 Artemis Health Inc. announced that it has received $16.0 in its Series B round of funding from 13 investors led by new investor F-Prime Capital Partners and including participation from Kickstart Seed Fund and Maverick Capital, Ltd. Artemis operates as a health data analytics company and is based in Salt Lake City. Kickstart Seed Fund is a venture capital firm based in Cottonwood Heights.    

8/8/2017 Big Squid, Inc. announced that it has raised $6.0 million in its Series A round of funding led by new investor Signal Peak Ventures and including participation from existing investors Kickstart Seed Fund and Silverton Partners. Big Squid, a Salt Lake City-based data and digital solutions company, develops software solutions and specializes in business intelligence, data sciences, predictive analytics, and digital marketing. Signal Peak Ventures is a private equity and venture capital firm based in Salt Lake City. Kickstart Seed Fund is a venture capital firm based in Cottonwood Heights.    

8/9/2017 LSK BioPartners, Inc. announced a private placement for gross proceeds of $19.8 million with returning investor HLB Co., Ltd. (KOSDAQ:A028300). LSK BioPartners, doing business as LSK BioPharma, engages in the development of healthcare products and provision of product development services to pharmaceutical companies in the United States and internationally and is based in Salt Lake City.    

8/11/2017 Weave Communications Inc. announced that it will raise $22.0 million in a round of funding. As of August 25, 2017, the company has received $17.0 million in funding from eight investors in the first tranche. Weave Communications offers long distance and local calling services; two-way text messaging services; and services that allow users to automatically send birthday and appointment reminders with the ability for their patients to text them back and is based in Pleasant Grove.    

8/16/2017 HZO, Inc. announced that it will receive $50.0 million in funding. As of August 29, 2017, the company received $24.6 million in the first tranche from four investors. HZO manufactures liquid protection solutions to devices and electronics in technical, industrial, medical, and consumer industries worldwide and is based in Draper.    

8/28/2017 Anonyome Labs, Inc. announced that it has received $20.4 million in its Series B round of funding. Based in Salt Lake City, Anonyome Labs develops SudoApp and SudoPay apps that help users control and protect personal and private information.    

8/30/2017 Dwelo, Inc. announced that it has received $4.9 million in a round of funding led by existing investor Peterson Ventures, LLC. Dwelo develops an online platform that allows multifamily property owners, managers, and renters to automate, control, and monitor vacant units and is based in Provo. Peterson Ventures is a venture capital firm based in Salt Lake City.  

8/30/2017 ArbiterSports, LLC announced that it has received a round of funding from new investor Serent Capital. ArbiterSports provides athletic event management technology solutions and a suite of tools for business officers, assigners, state organizations, governing bodies, athletic directors, officials, and coordinators and is based in Sandy.