Columbia West Capital News - Southwest Deal Intelligence
07.14.09 Arizona Deal Intelligence - June 2009


M&A - Strategic

6/16/2009 Mini-Skool Early Learning Centers, Inc. announced it closed the acquisition of Kenner Children's University, Inc. for an undisclosed amount. Scottsdale, Arizona-based Mini-Skool operates full and part-time early child care centers in North America.



6/25/2009 Tolmar, Inc. announced its intention to acquire Zila, Inc. (NasdaqCM:ZILA) for $14.37 million. Scottsdale, Arizona-based Zila is a diagnostic company that engages in the prevention, detection, and treatment of oral cancer and periodontal disease. Snell & Wilmer L.L.P. is serving as legal advisor to Zila in connection with the transaction. Columbia West Capital provided the fairness opinion in connection with the proposed merger.



6/25/2009 Honeywell Process Solutions announced its intention to acquire RMG Group for $400.0 million. Honeywell Process Solutions offers automation control solutions to customers internationally and is headquartered in Phoenix, Arizona.



6/29/2009 Tessenderlo Kerley, Inc. announced it closed the acquisition of DuPont Crop Protection, Linuron Herbicide Assets for an undisclosed amount. Tessenderlo produces and markets specialty chemical solutions and is based in Phoenix, Arizona.



6/30/2009 Cavco Industries Inc. (NasdaqGS:CVCO) announced its intention to acquire the Manufactured Housing Business of Fleetwood Enterprises Inc. (OTCBB:FLTW.Q) for $28.9 million. Phoenix, Arizona-based Cavco engages in the design, production, wholesale, and retail marketing of manufactured homes. Snell & Wilmer L.L.P. is serving as legal advisor to Cavco in connection with the transaction.



Private Placements

6/24/2009 SynCardia Systems, Inc. announced that it has raised $10.3 million in its series D round of funding led by Highway 12 Ventures. SynCardia manufactures cardiac replacement with a total artificial heart as a bridge to transplantation. SynCardia is based in Tucson, Arizona.



Other Transactions

5/05/2009 Kona Grill Inc. (NasdaqGM:KONA) closed on the sale of common stock pursuant to the issuance of non-transferable subscription rights. The company is a developer and operator of upscale casual dining restaurants. Kona Grill is headquartered in Scottsdale, Arizona. Greenberg Traurig, LLP served as legal advisor to Kona Grill in connection with the transaction.