Columbia West Capital News - Southwest Deal Intelligence
03.25.10 Arizona Deal Intelligence - February 2010

 

This report is prepared as a courtesy to the Arizona business community by Columbia West Capital, LLC 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 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

2/2/2010 Microchip Technology Inc. (NasdaqGS: MCHP) signed a definitive agreement to acquire Silicon Storage Technology Inc. (NasdaqGM: SSTI) for approximately $270 million in cash. Chandler, Arizona-based Microchip Technology develops and manufactures semiconductor products for various embedded control applications. Shearman & Sterling LLP served as legal advisor to Silicon Storage Technology. Wilson, Sonsini, Goodrich & Rosati served as legal advisor to Microchip Technology.



2/10/2010 Kerry, Inc. signed an asset purchase agreement to acquire the cereal ingredients business from NutraCea (OTCPK: NTRZ). The transaction consideration consists of $3.9 million plus the actual cost of NutraCea's cereal ingredients inventory. The transaction is subject to approval of the U.S. Bankruptcy Court. Nutracea manufactures and markets Health and Wellness products and is based in Scottsdale.



M&A - Financial

2/16/2010 KCB Management, Inc. has acquired Integrated Systems Improvement Services (ISIS) for an undisclosed amount. ISIS, based in Sierra Vista, Arizona, is a provider of support services to the Department of Defense and prime contractors for command, control, communications, computer, intelligence surveillance and reconnaissance.



2/26/2010 Hammond, Kennedy, Whitney & Company has purchased NaturMed, Inc. for an undisclosed amount. NaturMed, based in Camp Verde, Arizona, markets and distributes nutritional supplements under the brand name Institute for Vibrant Living. Snell and Wilmer served as legal advisor to NaturMed. Columbia West Capital served as financial advisor to NaturMed.



Other Transactions

2/26/10 Sunland, Inc. announced the sale of 30% of its outstanding stock to a recently-established employee stock ownership plan. Tempe, Arizona-based Sunland operates as a paving company with experience ranging from roads and parking lots to tennis courts and running tracks. Bryan Cave LLP served as legal advisor to the company.



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