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Indiana's largest mergers and acquisitions of 2006.

1 Biomet*--$10.8 billion

Acquirer: Biomet Inc. private consortium, Warsaw Private group led by Kohlberg Kravis Roberts Kohlberg Kravis Roberts & Co (commonly referred to as KKR) is a New York City-based private equity firm that focuses primarily on late-stage leveraged buyouts. It was founded in 1976 by Jerome Kohlberg, Jr., and cousins Henry Kravis and George R.  & Co.

Target: Biomet Inc., Warsaw Reconstructive surgery reconstructive surgery
Plastic surgery.

reconstructive surgery,
n surgery to rebuild a structure for functional or esthetic reasons.
 equipment, trauma devices, electrical bone growth stimulators

2 ADESA*--$2.5 billion

Acquirer: ADESA Inc. private consortium, Private group led by Kelso & Co. GS Capital Partners, ValueAct Capital and Parthenon Capital

Target: ADESA Inc., Carmel Operates automobile auctions

3 Eli Lilly Eli Lilly can refer to:
  • Eli Lilly and Company, a global pharmaceutical company
  • Colonel Eli Lilly (1839-1898), founder of Eli Lilly and Company
  • Eli Lilly (industrialist) (1885-1977), former president of Eli Lilly and Company
*--$2.2 billion

Acquirer: Eli Lilly & Co., Indianapolis Health care and pharmaceutical products

Target: ICOS Corp., Bothell, Wash. Proprietary pharmaceuticals for treatment of erectile dysfunction Erectile Dysfunction Definition

Erectile dysfunction (ED), formerly known as impotence, is the inability to achieve or maintain an erection long enough to engage in sexual intercourse.
 and psoriasis inflammatory diseases

4 Windrose Medical Properties--$383 million

Acquirer: Health Care REIT REIT

See: Real Estate Investment Trust


See real estate investment trust (REIT).
 Inc., Toledo, Ohio Real estate investment trust

Target: Windrose Medical Properties Trust, Indianapolis Real estate investment trust

5 Steel Dynamics--$370 million

Acquirer: Steel Dynamics Inc., Fort Wayne Steel products

Target: Roanoke Electric Steel Corp., Roanoke, Va. Steel products

6 Waterfield Group--$330 million

Acquirer: Sky Financial Group Inc., Bowling Green, Ohio Bowling Green is the county seat of Wood CountyGR6 in the U.S. state of Ohio. At the time of the 2000 census, the population of Bowling Green was 29,636. It is part of the Toledo, Ohio Metropolitan Statistical Area.  Commercial bank

Target: Waterfield Group of Companies, Fort Wayne Financial services

7 Bank Calumet--$307 million

Acquirer: First Midwest Bancorp Inc., Itasca, Ill. Commercial bank

Target: Bank Calumet Calumet, region, United States
Calumet (kăl`ymĕt'), industrialized region of NW Ind. and NE Ill., along the south shore of Lake Michigan.
 Inc., Hammond Commercial bank

8 First National Bank & Trust--$290 million

Acquirer: Bank of Montreal “BMO” redirects here. For the mathematics competition, see British Mathematical Olympiad.
Bank of Montreal/Banque de MontrĂ©al (TSX: BMO, NYSE: BMO) is Canada's fourth largest bank[1], and is classified as a Domestic Chartered Bank (Schedule I).
, Montreal, Quebec Commercial bank

Target: First National Bank & Trust (Indiana), Kokomo Commercial bank

9 Irwin Mortgage--$275 million

Acquirer: FirstPlus Financial Group Inc., Dallas, Texas Banking and mortgage lending services

Target: Irwin Mortgage subs. Irwin Financial Corp., Fishers Mortgage lending services

10 Emmis television stations--$259 million

Acquirer: Blackstone Group and Montecito Broadcast Group Montecito Broadcast Group, LLC is an American holding company that operates television stations with most of its operations centered largely west of the Mississippi River. The company was founded in 1984 as SJL Broadcast Management, renaming itself in 1996 as  (formerly SJL SJL Suomen Journalistiitto (Finland Journalist Association)  Broadcast Group), Montecito, Calif. Television broadcasting

Target: Three television stations owned by Emmis Communications Corp., Indianapolis Broadcast and print communications

11 Emmis television stations--$218 million

Acquirer: Hearst-Argyle Television Inc., New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 Television stations and newspapers

Target: Television station owned by Emmis Communications Corp., Indianapolis Broadcast and print communications

12 Banjo Corp.--$183 million

Acquirer: IDEX IDEX International Development Exchange
IDEX Imagery Data Exploitation System
IDEX Imagery Digital Exploitation (system)
IDEX Identifier of Explorer
 Corp., Northbrook, Ill. Industrial pumps and other engineering equipment

Target: Banjo Corp., Crawfordsville Injection molding of glass reinforced polypropylene and liquid handling products

13 Rea MagnetWire--$125 million

Acquirer: Rea MagnetWire Co. Inc., Fort Wayne Magnet and nonferrous wire products

Target: Phelps Dodge Corp., Phoenix, Ariz. Magnet and nonferrous wire products

14 Franklin Electric--$121 million

Acquirer: Franklin Electric Co. Inc., Bluffton Submersible submersible, small, mobile undersea research vessel capable of functioning in the ocean depths. Development of a great variety of submersibles during the later 1950s and 1960s came about as a result of improved technology and in response to a demonstrated need for  electric motors, specialty motors and controls

Target: Little Giant Pump Co., unit of Tecumseh Products Co., Tecumseh, Mich. Commercial and consumer pumps

15 Integra Bank Corp.*--$117 million

Acquirer: Integra Bank Corp., Evansville Commercial bank

Target: Prairie Financial Corp., Bridgeview, Ill. Commercial bank

16 Postle Aluminum*--$103 million

Acquirer: Strength Capital Partners LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
, Birmingham, Mich. Venture capital

Target: Postle Aluminum Co. LLC, Elkhart Aluminum components

17 Marsh Supermarkets--$88 million

Acquirer: Sun Capital Partners Inc., Boca Raton, Fla. Private equity firm

Target: Marsh Supermarkets Inc., Indianapolis Supermarkets

18 Brightpoint*--$88 million

Acquirer: Brightpoint Inc., Indianapolis Wireless communications equipment

Target: CellStar Corp. U.S. and Latin American business, Coppell, Texas Logistic and distribution services

19 Michiana Telecasting--$85 million

Acquirer: GrayTelevision Inc., Atlanta, Ga. Television broadcasting, wireless messaging, paging services, newspaper publishing

Target: Michiana Telecasting Corp., unit of University of Notre Dame, Notre Dame Television NDtv, or Notre Dame Television is a student television station funded by the University of Notre Dame that airs on Notre Dame campus cable channel 53. It broadcasts 24 hours and is entirely student-run.  broadcasting station

20 All America Cables & Radio*--$80 million

Acquirer: Trilogy International Partners LLC, Bellevue, Wash. Wireless fixed and mobile telephony services

Target: All America Cables & Radio, unit of Centennial Communications Corp., Fort Wayne Wireless and broadband services

21 Performance Assessment Network--$75 million

Acquirer: TALX Corp., St. Louis Software for human resources, employee benefits, employee payroll services

Target: Performance Assessment Network Inc., Carmel Electronic-based psychometric testing and assessments

22 Schurz Communications--$75 million

Acquirer: Schurz Communications Inc., South Bend Media services

Target: Television stations owned by Media General Inc., Richmond, Va. Television stations

23 Noble Composites--$72 million

Acquirer: Crane Co., Stamford, Conn. Engineered industrial products

Target: Noble Composites Inc., Goshen Sidewalls for recreational vehicles

24 St. Joseph Capital-Old National*--$71 million

Acquirer: Old National Bancorp, Evansville Commercial bank

Target: St. Joseph Capital Corp., Mishawaka Commercial bank

25 Wabash National--$71 million

Acquirer: Wabash National Corp., Lafayette Truck trailers

Target: Transcraft Corp., Anna, Ill. Flatbed and drop deck trailers

Source: FactSet Mergerstat LLC, a global provider of mergers and acquisitions information.

* Indicates deal that had not closed by year-end.
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Title Annotation:MERGERS & ACQUISITIONS; Steel Dynamics Inc. acquires Roanoke Electric Steel Corp.; Sky Financial Group Inc. acquires Waterfield Group Inc.; First Midwest Bancorporation Inc. acquires Bank Calumet
Publication:Indiana Business Magazine
Date:Feb 1, 2007
Previous Article:Deal or no deal? Private equity funds and strategic buyers keep Indiana's M&A market hot.
Next Article:Creating loyalty: it's easier to generate new business from existing customers than to find new ones.

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Indiana's largest mergers and acquisitions of 2007.

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