Columbia West Capital News - Southwest Deal Intelligence
07.17.12 Utah Deal Intelligence - June 2012

 

This report is prepared as a courtesy to the Utah 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


6/4/2012 WellPoint Inc. (NYSE:WLP) acquired 1-800 Contacts, Inc.  The terms of the transaction were not disclosed.  1-800 Contacts offers lenses as well as daily disposables, accessories, and sunglasses and is based in Draper, Utah.  Ropes & Gray LLP served as legal advisor to 1-800 Contacts and Linklaters LLP served as legal advisor to WellPoint.           


6/4/2012 Seven Peaks Water Park Management, LLC acquired Bluff Falls Water Park & Family Fun Center.  The terms of the transaction were not disclosed.  Seven Peaks Water Park Management operates water parks and is based in Provo, Utah.          


6/5/2012 Deluxe Corp. (NYSE:DLX) acquired OrangeSoda, Inc. for $27.7 million in cash.  OrangeSoda provides Internet marketing services for small and mid-size businesses and is based in American Fork, Utah.            


6/6/2012 FLSmidth & Co. A/S (CPSE:FLS) signed an agreement to acquire Process Engineering Resources, Inc.  The terms of the transaction were not disclosed. Process Engineering Resources offers technology for metallurgical and mineral processing applications and is based in Salt Lake City, Utah.         


6/7/2012 Black Diamond, Inc. (NasdaqGS:BDE) signed a definitive agreement to acquire POC Sweden AB for $56.7 million.  Black Diamond engages in designing, manufacturing, and marketing outdoor performance products in the US and internationally and is based in Salt Lake City, Utah.            


6/19/2012 Doctors First, Inc. and Hub International Limited acquired MGIS Property & Casualty Insurance Services, Inc.  The terms of the transaction were not disclosed.  MGIS provides medical-professional liability insurance retail brokerage services and is based in Salt Lake City, Utah.             


6/20/2012 LANDesk Software, Inc. acquired Wavelink Corporation from WestView Capital Partners and other shareholders for $82.0 million.  Wavelink Corporation provides multi-vendor mobile device management and is based in South Jordan, Utah.  LANDesk Software offers IT service management solutions internationally and is based in South Jordan, Utah.  Latham & Watkins LLP served as legal advisor to Wavelink and LANDesk Software.           


6/22/2012 Living Whole Foods, Inc. acquired Stack & Grow Planters, Inc.  The terms of the transaction were not disclosed.  Stack & Grow retails flower pot and herb garden planters and is based in Springville, Utah.  Living Whole Foods retails food products including wheatgrass growing kits and sprouting supplies and is based in Springville, Utah.                          


6/25/2012 Medallion Bank acquired the Taxi Medallion loan portfolio from First National Bank. The terms of the transaction were not disclosed. Medallion Bank, a non-recourse lender, provides non-prime recreation, healthcare, asset based, and unsecured consumer loans in the US and is based in Salt Lake City, Utah.


M&A - Financial         


6/12/2012 Norwest Equity Partners acquired Pentec Health, Inc. from DW Healthcare Partners.  Norwest invested $37.0 million in subordinated debt and equity in the transaction.  Pentec Health operates as a healthcare technology company in the US.  DW Healthcare Partners is based in Park City, Utah.


Private Placements    


6/20/2012 Bitcasa, Inc. announced that it has raised $7.0 million in its series A round of funding co-led by returning investor, Pelion Venture Partners, and new investor, Horizons Ventures Limited.  Pelion Venture Partners is a venture capital firm specializing in investments in seed, early venture, mid venture, and emerging companies and is based in Salt Lake City, Utah.      


6/25/2012 Cenx, Inc. announced that it has received $9.5 million in funding led by Verizon Investments and Mesirow Financial Private Equity with participation from Wasatch Advisors Inc.  Wasatch Advisors is an employee owned investment manager and is based in Salt Lake City, Utah.        


6/28/2012 Rocket Fuel Inc. announced that it has raised $50.0 million in a round of funding led by returning investor Northgate Capital Group, L.L.C. with participation from Cross Creek Capital.  Cross Creek Capital is a venture capital firm specializing in fund of funds and direct investments and is based in Salt Lake City, Utah.         


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