Columbia West Capital News - Southwest Deal Intelligence
10.08.09 Utah Deal Intelligence - September 2009


This report is prepared as a courtesy to the Utah business community by Columbia West Capital, LLC based on our research and information collected by our firm. This is the first edition of this report, and we anticipate monthly preparation and distribution. 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 assure 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

9/02/2009 ActiveCare, Inc. acquired HG Partners, Inc. for an undisclosed amount from financial sponsors Gemini Investment Strategies and Harborview Advisors. Salt Lake City based ActiveCare, Inc. manufactures and sells medical diagnostic stains and equipment to laboratories. Durham Jones & Pinegar served as legal advisor for ActiveCare. Haynes and Boone, LLP served as legal advisor for Harborview and HG partners. Peter J. Weisman, P.C. acted as the legal advisor for Gemini Strategies and HG Partners.



9/4/2009 Bard Access Systems, Inc. entered into an asset purchase agreement to acquire substantially all of the assets of the hemodialysis catheter business of Spire Biomedical Inc. for $14.9 million in cash. Salt Lake City-based Bard develops, manufactures, and distributes vascular access devices.



9/15/2009 Adobe Systems Incorporated (Nasdaq: ADBE) signed a definitive agreement to acquire Omniture, Inc. (Nasdaq: OMTR) for $21.50 per share or $1.8 billion. Orem-based Omniture provides online business optimization products and services. Wilson, Sonsini, Goodrich & Rosati served as legal advisor for Omniture and Latham & Watkins LLP served as legal advisor for Adobe Systems.



9/21/2009 Tejas Completion Solutions acquired seven field service operations from Team Downhole Services West LLC, and other affiliated companies, in a transaction sponsored by private equity group Intervale Capital. Team Downhole Services West is based in Vernal, Utah and offers oil and gas field services.



9/30/2009 Yonder Media, Inc. signed a letter of intent to acquire BayHill Capital Corp. (OTCBB:BYHL) in a reverse merger transaction. South Jordan-based BayHill, operates as an online marketing and distribution platform company.




Private Placements

9/14/2009 Econova Inc. announced that it has raised $3.6 million in a round of equity financing with an additional $3.8 million to potentially be raised. Salt Lake City-based Econova designs, manufactures, and markets water treatment solutions.



9/17/2009 Headwaters Inc. (NYSE: HW) announced a registered direct offering of 9.6 million common shares at $3.90 per share for gross proceeds of $37.4 million. Headwaters is based in South Jordan and provides products, technologies, and services to the building products, coal combustion products, and energy industries throughout the United States and Canada.



9/28/2009 HireVue, Inc. announced that it has received its series A round of funding from financial sponsor Peterson Partners LP. Sandy-based HireVue provides web-based video interviewing solutions.



9/29/2009 Alexza Pharmaceuticals Inc. (NasdaqGM: ALXA) announced a private placement of 8.1 million common shares at $2.43 per share for gross proceeds of $19.1 million. Alexza Pharmaceuticals is based in South Jordan and focuses on the research, development, and commercialization of products for the acute treatment of central nervous system conditions. Cooley Godward Kronish LLP served as legal advisor to Alexza Pharmaceuticals.



For deal submissions, please contact Jordan Nelson at jnelson@columbiawestcap.com.