Columbia West Capital News - Southwest Deal Intelligence
02.24.11 Arizona Deal Intelligence - January 2011

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 

1/4/2011 nQueue, Inc. acquired a stake in Billback Limited from Reckon Ltd. (ASX: RKN).  nQueue provides software based information accountability solutions for managing and accounting digital transactions and is headquartered in Tempe, Arizona.        

1/4/2011 NPD Group, Inc. agreed to acquire Cahners In-Stat Group.  The financial terms of the transaction were not disclosed.  In-Stat provides market intelligence solutions that combine technical, market, and end-user research and database models to analyze the mobile Internet and digital entertainment ecosystems.  The company is based in Scottsdale, Arizona.        

1/4/2011 AbleNet, Inc. acquired Keys-U-See Large Print Keyboard product line from Genesis Worldwide Enterprises, Inc.  Genesis Worldwide operates as a sourcing, supply, and marketing company in North America and Europe, and is based in Cottonwood, Arizona.        

1/4/2011 Applied Computer Solutions, Inc. acquired ProSys Information Systems, Inc. from Avnet Inc. (NYSE: AVT).  The financial terms of the deal were not disclosed.  Avnet distributes electronic components, enterprise computer and storage products, and embedded subsystems worldwide and is headquartered in Phoenix, Arizona.        

1/7/2011 First Solar, Inc. (NasdaqGS: FSLR) acquired RayTracker, Inc. from Idealab and others investors.  The financial terms of the transaction were not disclosed.  First Solar designs, manufactures, and sells solar electric power modules using a proprietary thin film semiconductor technology and is headquartered in Tempe, Arizona.        

1/10/2011 Teleflex Incorporated (NYSE: TFX) acquired VasoNova, Inc. for approximately $55 million from Research Corporation Technologies and other investors.  Research Corporation is a technology investment and management company that provides early-stage funding and development for promising biomedical companies and technologies, and is located in Tuscon, Arizona.         

1/25/2011 MedAire, Inc. acquired Service Medical International from Alto Invest.  The financial terms of the transaction were not disclosed.  MedAire provides remote medical and security services for aviation, maritime, and travel markets in the United States and internationally.  The company is headquartered in Tempe, Arizona.        

1/27/2011 ON Semiconductor Corp. (NasdaqGS: ONNN) signed a definitive agreement to acquire the CMOS Image Sensor Business Unit from Cypress Semiconductor Corporation (NasdaqGS: CY) for $31.4 million in cash.  ON Semiconductor offers semiconductors and integrated circuits and is headquartered in Phoenix, Arizona.        

1/27/2011 Amtech Systems Inc. (NasdaqGS: ASYS) signed a stock purchase and sale agreement to acquire a stake in Kingstone Technology Hong Kong Limited from Silicon Jade Limited for $5.5 million in cash and stock.  Amtech engages in the design, assembly, sale, and installation of capital equipment and related consumables used in the manufacture of wafers, primarily for the solar and semiconductor industries, and is based in Tempe, Arizona.         

M&A - Financial  

1/3/2011 A Nevada-based industrial products company completed a management buyout transaction.  The Company is a leading provider of drinking fountains, emergency equipment, water dispensers and other products to a diverse set of industries and operates across a broad global platform.  Columbia West Capital served as the Company's exclusive financial advisor on the structuring and financing of the transaction.  Holland and Hart LLP served as legal advisor to the  Company.    

1/4/2011 Pegasus Research Corp. dba, Televerde has been recapitalized by Main Street Capital, providing both debt and equity capital.  Televerde is based in Phoenix, Arizona and provides teleprospecting services including lead generation and data solutions.  Columbia West Capital served as exclusive financial advisor to Televerde.  Squire, Sanders & Dempsey LLP served as legal advisor to Televerde.    

1/18/2011 LLM Capital Partners, LLC along with others acquired the assets of Hybrid Design Associates, Inc.  Hybrid Design manufactures and designs hybrid circuits and microelectronic circuits, and is based in Tempe, Arizona.  Jennings, Strouss & Salmon, PLC served as legal advisor to Hybrid Design.     

Other Transactions  

Scottsdale Healthcare entered into a joint venture with Texas-based Global Rehab to build a $17 million, 55,000 square foot rehabilitation hospital in Scottsdale to be called Global Rehab at Scottsdale Healthcare.  Scottsdale Healthcare currently operates three hospitals all in Scottsdale.  Polsinelli Shughart served as legal advisor to Scottsdale Healthcare.   

For deal submissions, please contact Jordan Nelson at