Columbia West Capital News - Southwest Deal Intelligence
07.28.10 Arizona Deal Intelligence - June 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

6/7/2010 EPCOR Utilities, Inc. entered into an agreement to acquire Chaparral City Water Company from American States Water Company (NYSE: AWR) for $36.4 million. Chaparral City Water Company, a utility company, supplies water in Arizona and is based in Fountain Hills, Arizona.


6/9/2010 ON Semiconductor Corporation (Nasdaq: ONNN) acquired Sound Design Technologies, Ltd. from Global Equity Capital, LLC for $32.0 million in cash. Phoenix, Arizona-based ON Semiconductor offers power, analog, digital signal processing, mixed signal, advanced logic, data management semiconductors, memory and standard semiconductor components, and integrated circuits.


6/11/2010 University Medical Center Corporation agreed to acquire University Physicians Healthcare for an undisclosed amount. University Medical Center provides healthcare services and is based in Tucson, Arizona.


6/15/2010 Adenyo Inc. completed the acquisition of assets of KinetX Analytic Search Technologies, LLC from KinetX, Inc. for an undisclosed amount. Tempe, Arizona-based KinetX operates as an aerospace engineering and consulting company for defense, scientific, and commercial sectors. Snell & Wilmer L.L.P. served as legal advisor to KinetX.


6/21/2010 Hearst Corporation acquired iCrossing, Inc. for approximately $425.0 million. iCrossing operates as a digital marketing company and is headquartered in Scottsdale, Arizona. Osborn Maledon served as legal advisor to iCrossing.


6/22/2010 Manhattan Banking Corporation agreed to acquire an additional 48.0% stake in Sonoran Bank, N.A. On completion, Manhattan Banking Corporation will own a 53.9% stake in Sonoran Bank. Sonoran Bank operates as a relationship bank and is based in Phoenix, Arizona. Stinson Morrison Hecker LLP served as legal advisor to Manhattan Banking Corporation.


6/28/2010 Sparkplug, Inc. completed the acquisition of certain business assets in Phoenix from MetroBridge Networks International Inc. (TSXV: MEB) for an undisclosed amount. Scottsdale, Arizona-based Sparkplug provides business broadband, metro Ethernet, and hosted exchange services and offers data, voice over IP, and managed services for businesses, government, hospitals, universities, schools, and carriers. Snell & Wilmer L.L.P. served as legal advisor to Sparkplug.


6/30/2010 Pike Electric Corporation (NYSE: PIKE) acquired Klondyke Construction LLC for an undisclosed amount. Klondyke operates as an infrastructure and civil contractor in the Western United States. Klondyke was founded in 1984 and is based in Phoenix, Arizona.


6/30/2010 A group of private investors acquired ZooLoo.com from Zog Media, Inc. The financial terms of the deal were not disclosed. Scottsdale, Arizona-based Zog Media operates as a search marketing company. ZooLoo.com provides tools for individuals and organizations to blog, manage, and share content online on their own domain and social networks.


6/30/2010 JBS Five Rivers Cattle Feeding, LLC entered into an agreement to acquire McElhaney Cattle Company from Gary Oden for $24.0 million. McElhaney Cattle Co. owns and operates yards and feed mill for 130,000 head of cattle. The company was founded in 1940 and is based in Wellton, Arizona.


Private Placements

6/4/2010 DriveTime Automotive Group, Inc. announced it will raise gross proceeds of $40.3 million in a round of funding. DriveTime owns and operates a chain of buy-here pay-here car dealerships primarily targeting the sub-prime segment and is based in Phoenix, Arizona.


6/4/2010 Lifelock, Inc. announced that it will raise $15.0 million in a round of equity funding. As of June 16, 2010, the company has raised $14.1 million from eight investors. LifeLock offers identity theft protection services and is headquartered in Phoenix, Arizona.


6/10/2010 Bulbstorm, Inc. announced that it will raise up to $7.0 million in a round of funding. Phoenix, Arizona-based Bulbstorm operates an online social network for inventors and innovators.


6/17/2010 TPI Composites Inc. announced that it will raise $12.0 million in a round of equity funding. As of June 29, 2010, the company has raised $9.0 million from six investors. TPI engages in designing, engineering, and manufacturing composite structures for the wind energy, transportation, and military vehicle markets. TPI is headquartered in Scottsdale, Arizona.


6/18/2010 Cayenne Medical Inc. announced that it will raise $9.5 million in a round of equity funding. As of June 29, 2010, the company has raised $5.9 million from two investors. Cayenne Medical, a sports medicine company, provides arthroscopic surgery products and is based in Scottsdale, Arizona.


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