Columbia West Capital News - Southwest Deal Intelligence
09.29.10 Utah Deal Intelligence - August 2010


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. 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

8/2/2010 Strong Autobahn, LLC has acquired Dave Strong's Porsche for an undisclosed amount. Dave Strong's Porsche is a Porsche dealership located in Salt Lake City, Utah. Matheson, Mortensen, Olsen & Jeppson, PC served as legal advisor to Dave Strong's Porsche. Durham, Jones & Pinegar PC served as legal advisor to Strong Autobahn.


8/6/2010 Ancestry.com Inc. (NasdaqGS: ACOM) acquired ProGenealogists, Inc. for an undisclosed amount. Based in Salt Lake City, Utah, ProGenealogists is a genealogical research company providing services to professional, government, media, and individual clients throughout the world. Ancestry.com operates as an online resource for family history for subscribers worldwide and is based in Provo, Utah.


8/16/2010 Glentel Inc. (TSX: GLN) signed a binding purchase agreement to acquire 81.5% stake in Diamond Wireless, LLC for $50.5 million. Based in Sandy, Utah, Diamond Wireless sells wireless phones in the western United States.


8/16/2010 USANA Health Sciences Inc. (NasdaqGS: USNA) acquired BabyCare Ltd. for $62.2 million in cash and stock. Based in Salt Lake City, Utah, USANA Health Science engages in the development, manufacture, and sale of nutritional and personal care products in North America and the Asia Pacific. Schwabe Williamson & Wyatt served as legal advisor to BabyCare. Hogan Lovells International LLP served as legal advisor to USANA.


8/16/2010 Summit Materials, LLC acquired Harper-Kilgore, LLC for an undisclosed amount. Harper-Kilgore provides asphalt paving and maintenance services for commercial, industrial, and residential projects and is based in Salt Lake City, Utah.


8/18/2010 Evonik Degussa GmbH acquired the remaining 50% stake in Evonik Headwaters Korea Co., Ltd. from Headwaters Inc. (NYSE: HW) for an undisclosed amount. Based in South Jordan, Utah, Headwaters provides products, technologies, and services in the building products, construction material, and energy industries in the United States and Canada.


8/20/2010 Progressive Reporting Acquisition Agency, LLC has acquired Progressive Reporting Agency, LLC for an undisclosed amount. Based in Midvale, Utah, Progressive Reporting Agency provides reporting and compliance solutions for commercial trucking companies. Durham, Jones & Pinegar PC served as legal advisor to Progressive Reporting Agency. Kruse Landa Maycock & Ricks, LLC served as legal advisor to Progressive Reporting Acquisition Agency.


8/23/2010 Thoma Bravo, LLC entered into a definitive agreement to acquire LANDesk Software, Inc. from Avocent Corporation for an undisclosed amount. LANDesk Software develops and delivers solutions for enterprise IT management and is based in South Jordan, Utah.


8/26/2010 HealthSpring Inc. (NYSE: HS) entered into a definitive agreement to acquire Bravo Health, Inc. for $550.0 million in cash from a group of investors including Cross Creek Capital. Cross Creek Capital is a venture capital firm located in Salt Lake City, Utah specializing in late stage investments. Cooley Godward Kronish, LLP is serving as legal advisor to Bravo Health. Bass, Berry & Sims, PLC is serving as legal advisor to HealthSpring.


8/31/2010 BServ, Inc. signed a definitive agreement to acquire all assets of NetDeposit, LLC from Zions Bancorp. (NasdaqGS: ZION) for an undisclosed amount. Based in Salt Lake City, Utah, NetDeposit provides check payments technology solutions for financial institutions, healthcare, merchants, business, municipalities, and non-profits organizations. Zion Bancorp is a multi bank holding company based in Salt Lake City, Utah.


8/31/2010 VMware, Inc. (NYSE: VMW) entered into a definitive agreement to acquire TriCipher, Inc. from an investor group including EPIC Ventures for an undisclosed amount. Based in Salt Lake City, Utah, EPIC Ventures is a private equity and venture capital firm specializing in start-ups, early stage, mid stage, buyout, and bridge financing.


Private Placements

8/1/2010 Microbial-Vac Systems Inc. completed a private placement for an undisclosed amount of equity. Based in Bluffdale, Utah, Microbail-Vac Systems manufactures and supplies surface pathogen and DNA collection solutions for food safety, forensic science, clean room, and bio-threat industries. Durham, Jones & Pinegar PC served as legal advisor to Microbail-Vac Systems.


8/2/2010 Novatek LLC announced a private placement of convertible debt for gross proceeds of $20.0 million. Novatek manufactures diamonds for asphalt, mining, and construction markets and is based in Provo, Utah.


8/16/2010 C7 Data Centers, Inc. announced that it has raised $9.0 million in a round of funding led by Canopy Group. C7 Data Centers provides data center solutions for small, mid, and enterprise level businesses and is based in Lindon, Utah. Canopy Group is a venture capital firm specializing in early stage investments and is also based in Lindon, Utah. Durham, Jones & Pinegar PC served as legal advisor to Canopy Group. Ballard Spahr LLP served as legal advisor to C7 Data Centers.


8/20/2010 ActiveCare, Inc. (OTCBB: ACAR) announced a private placement of gross proceeds up to $7.5 million. Located in Salt Lake City, Utah, ActiveCare engages in the manufacture and sale of medical diagnostic equipment, laboratory stains and solutions in the United States.


8/20/2010 Adaptive Computing Enterprises Inc. announced that it will raise $14.0 million in its equity round of funding. Based in Provo, Utah, Adaptive Computing Enterprises provides intelligent automation software for data center, cloud, and high-performance computing environments.


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