Columbia West Capital News - Southwest Deal Intelligence
06.20.12 Arizona Deal Intelligence - May 2012

 

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


5/2/2012 Microchip Technology Inc. (NasdaqGS: MCHP) entered into an agreement to acquire Standard Microsystems Corp. (NasdaqGS: SMSC) for approximately $830.0 million. Microchip Technology engages in the development, manufacture, and sale of semiconductor products for embedded control applications and is headquartered in Chandler, Arizona. Wilson, Sonsini, Goodrich & Rosati is serving as legal advisor to Microchip Technology.             


5/8/2012 General Dynamics C4 Systems, Inc. signed a definitive agreement to acquire IPWireless, Inc. from Spark Capital, North Atlantic Capital, and others. The terms of the transaction were not disclosed. General Dynamics C4 Systems engages in the design, development, and integration of secure communication, information, and technology solutions and is based in Scottsdale, Arizona. 


5/8/2012 Service King Paint & Body, LLC agreed to acquire Auto Body World Inc. The terms of the transaction were not disclosed. Auto Body World provides auto body and paint collision repair services and is based in Tolleson, Arizona.


5/9/2012 Catalyst Corporate Federal Credit Union signed a non-binding letter of intent to acquire FirstCorp Credit Union. The terms of the transaction were not disclosed. FirstCorp Credit Union provides financial products and services and is based in Chandler, Arizona.                              


5/11/2012 Matheson Tri Gas, Inc. acquired the business and assets of US Airweld, Inc. The terms of the transaction were not disclosed. US Airweld sells welding supplies and industrial gases and is based in Phoenix, Arizona.             


5/14/2012 ImpactRx, Inc. acquired a majority stake in Source Healthcare Analytics, LLC from Wolters Kluwer Health, Inc. Terms of the transaction were not disclosed. Source Healthcare Analytics provides information, analytics, and consulting services and is based in Phoenix, Arizona. Shearman & Sterling LLP served as legal advisor to ImpactRx.             


5/15/2012 First Rate Staffing Inc. entered into an agreement to acquire Moosewood Acquisition Corp. The terms of the transaction were not disclosed. First Rate Staffing provides staffing solutions for light industrial and clerical businesses and is based in Phoenix, Arizona.             


5/18/2012 Ultra Clean Holdings, Inc. (NasdaqGS: UCTT) entered into a merger agreement to acquire Advanced Integration Technologies for $99.4 million in cash and stock. Ultra Clean will pay $74.4 million in cash and will issue 4.5 million shares of its common stock. Advanced Integration Technologies develops, manufactures, and supplies critical modules and subsystems to semiconductor, solar, and flat panel display industries and is based in Chandler, Arizona. Bryan Cave, LLP is serving as legal advisor to Advanced Integration Technologies.          


5/21/2012 FleetPride, Inc. acquired the assets of Westpac Heavy Duty, Inc. The terms of the transaction were not disclosed. Westpac Heavy Duty, doing business as C.W. Carter Co., supplies truck parts and is based in Phoenix, Arizona.           


M&A - Financial       


5/1/2012 Centerbridge Capital Partners entered into an agreement to acquire P.F. Chang's China Bistro, Inc. (NasdaqGS: PFCB) for $1.1 billion in cash. P.F. Chang's China Bistro engages in the ownership and operation of restaurants and is based in Scottsdale, Arizona. DLA Piper US LLP is serving as legal advisor to BlackRock and Weil, Gotshal & Manges LLP is serving as legal advisor to Centerbridge Partners. 


Private Placements    


5/1/2012 Heliae Development, LLC announced that it has raised $15.0 million in funding from Agri Investments Pte. Ltd. Heliae Development develops a technology platform solution to produce renewable materials from algae and is based in Gilbert, Arizona. Rajah & Tann served as legal advisor to Agri Investments and Manatt, Phelps & Phillips, LLP served as legal advisor to Heliae Development.        


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