M&A report--November 2007.Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. County merger and acqusition activity slowed appreciably in November as the dollar amount of deals with announced values hit only $1.77 billion--with not one topping $1 billion. By contrast, a year ago in November Digital Insight Inc. was sold to Intuit Corp. for $1.26 billion and E Entertainment Television Inc. was sold to Comcast Corp. for $1.23 billion. The largest deal this past November was the sale of Agensys Inc., a Santa Monica-based biotech, to Astellas Pharma Astellas Pharma Inc. (アステラス製薬株式会社 US for $540 million. Los Angeles clean energy firm Rentech Inc. was acquired by Sherwood Investments Overseas Ltd. for $440 million in the second-largest deal. One bright spot: There were 71 announced deals, many of them smaller. That exceeded the 53 reported in November 2006. In October 2007, there were 80 deals with an announced value of $3.49 billion. M&A activity has slowed nationwide and around the world due to the credit crunch Credit Crunch An economic condition whereby investment capital is difficult to obtain. Banks and investors become weary of lending funds to corporations thereby driving up the price of debt products for borrowers. . BUSINESS SERVICES Target: All Media Guide LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a portfolio company of Yucaipa Cos. (Los Angeles) Business: Provides content management technology Acquiror: Macrovision Corp. (Santa Clara Santa Clara, city, Cuba Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. ) Deal Value: $74.8 millions Target: Computrition Inc. (Chatsworth) Business: Provides nutrition management software systems Acquiror: Constellation Software Inc. (Ontarionada) Deal Value: ND Target: FLF FLF Future Loop Foundation (band) FLF Front Line Force (online game) FLF Federation Luxembourgeoise de Football (French: Luxembourg Soccer Club) Inc. (Emeryville) Business: Offers insurance broker services Acquiror: Hub International Hub International Limited is an insurance brokerage based in Chicago, Illinois. The company has 200+ offices across the United States and Canada. The company offers three types of commercial products and services: property and casualty products, employee benefits and risk of California Inc. (Los Angeles) Deal Value: ND Target: Homestead Technologies This article or section needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. Inc. a portfolio company of Global Retail Partners (Los Angeles) Business: Provides an online platform that aids website development Acquiror: Intuit Inc. (Mountain View) Deal Value: $170 millions Target: PeopleSupport Inc (Los Angeles) Business: Provides offshore business process outsourcing Business process outsourcing (BPO) is the contracting of a specific business task, such as payroll, to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain its position in services Acquiror: IPVG Corp., AO Capital Partners Inc. (Philippines) Deal Value: ND Target: Quigo Technologies Inc. a portfolio company of Steamboat steamboat: see steamship. steamboat or steamship Watercraft propelled by steam; more narrowly, a shallow-draft paddle-wheel steamboat widely used on rivers in the 19th century, particularly the Mississippi River and its tributaries. Ventures LLC (Burbank) Business: Provides marketing solutions for advertisers Acquiror: AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. LLC (Dulles, VA) Deal Value: ND Target: Sprint Safety LLC (Baytown, TX) Business: Provides industrial equipment rentals Acquiror: Oaktree Capital Management Oaktree Capital Management LLC is a US investment management corporation which operates a number of investment entities commonly known as hedge funds of approximately $40 Billion. LLC (Los Angeles) Deal Value: ND Target: Steefel, Levitt & Weiss (San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden ) Business: Provides legal advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal Acquiror: Manatt Phelps & Phillips LLP LLP - Lower Layer Protocol (Los Angeles) Deal Value: ND Target: USBX Inc. (Santa Monica Santa Monica (săn`tə mŏn`ĭkə), city (1990 pop. 86,905), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1886. Tourism and retailing are important, and the city has motion-picture, biotechnology, and software industries. ) Business: Provides investment banking services Acquiror: Impedal Capital LLC (Los Angeles) Deal Value: ND CONSUMER Target: American Connections California LLC (California) Business: Distributes wireless products and services Acquiror: Platinum Wireless Inc. (Los Angeles) Deal Value: ND Target: Calwax Corp. (Irwindale) Business: Manufactures and sells specialty waxes Acquiror: Remet Corp. (Utica, NY) Deal Value: ND Target: Chick's Sporting Goods (Covina) Business: Sporting goods Acquiror: Dick's Sporting Goods Dick's Sporting Goods (NYSE: DKS) is the largest full-line sporting goods retailer in the world. It is headquartered in Pittsburgh, Pennsylvania, USA and has locations in thirty-four states with 314 stores. Inc. (Pittsburgh, PA) Deal Value: $76 millions Target: Economics Research Associates (Los Angeles) Business: Provides consulting services Acquiror: Aecom Technology Corp. (Los Angeles) Deal Value: ND Target: EV Rental Cars LLC (Los Angeles) Business: Provides car rental services Acquiror: TC X Calibur Inc. (Salt Lake City, UT) Deal Value: $13.3 millions Target: LaserGrade Computer Testing (Vancouver, WA) Business: Provides computerized testing services Acquiror: PSI Services LLC (Burbank) Deal Value: ND Target: Latitudes International Fragrance Inc. (Rancho Dominguez) Business: Designs and develops fragrance products Acquiror: Parfum D'Image 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 , NY) Deal Value: ND Target: Park Staffing Services (California) Business: Provides temporary staffing services Acquiror: Great American Family Parks Inc. (Santa Monica) Deal Value: ND Target: Quintile quin·tile n. 1. The astrological aspect of planets distant from each other by 72° or one fifth of the zodiac. 2. Statistics The portion of a frequency distribution containing one fifth of the total sample. Wealth Management LLC (Los Angeles) Business: Provides wealth management services Acquiror: Kochis Fitz (San Francisco) Deal Value: ND Target: Richardson Hotel, a portfolio company of Lowe Enterprises Investment Management Inc. (Los Angeles) Business: Operates hotels Acquiror: Noble Private Equity Funds (United States) Deal Value: ND Target: Stravina Operating Company operating company A business that engages in transactions with outsiders. LLC (Chatsworth) Business: Distributes personalized consumer products Acquiror: Madin Equity Partners LLC (El Segundo) Deal Value: ND Target: Universal Guardian Holdings (Newport Beach) Business: Provides sec services Acquiror: Isonics Corp. (Golden, CO) Deal Value: $10.3 millions Target: Zoe's Kitchen USA LLC (Birmingham, AL) Business: Operates a restaurant Acquiror: Brentwood Associates (Los Angeles) Deal Value: ND ENERGY Target: Community Power Corp. (Littleton, CO) Business: Manufactures bioenergy prod Acquiror: Allegro Biodiesel Corp. (Los Angeles) Deal Value: $500,000 Target: Modern Energy Corporation (Los Angeles) Business: Oil and gas reserves in Oklahoma Acquiror: Grand Pacaraima Gold Corp. (Philippines) Deal Value: ND Target: Rentech Inc. (Los Angeles) Business: Develops ultra-clean synthetic fuels Acquiror: Sherwood Investments Overseas Ltd. Deal Value: $441 millions Target: Superior Oil & Gas Co. (Oklahoma) Business: Oil and gas exploration and production property Acquiror: Weiss Family Trust (Inglewood) Deal Value: $3 millions HEALTH CARE Target: Agensys Inc. (Santa Monica) Business: Biotech company Acquiror: Astellas Pharma US Inc. (Deerfield, IL) Deal Value: $537 millions Target: AltaMed Health Services health services Managed care The benefits covered under a health contract Corp. (Los Angeles) Business: Provides medical services Acquiror: Community Care Health Centers (Huntington Beach) Deal Value: ND Target: Caldera caldera: see crater. caldera Large, bowl-shaped volcanic depression that forms when the top of a volcanic cone collapses into the space left after magma is ejected during a violent volcanic eruption. The term is Spanish for “caldron. Medical--Levera (Agoura Hills) Business: Levera male incontinence therapy Acquiror: Coloplast A/S (Denmark) Deal Value: ND Target: CareView Communications Inc. (Piano, IX) Business: Provides information technology to the healthcare industry Acquiror: Ecogate Inc. (North Hollywood) Deal Value: ND Target: Chad Threapeutics Inc.--Oxygen Conserver Business (Chatsworth) Business: Manufactures respiratory care devices Acquiror: Inovo Inc. (Naples, FL) Deal Value: $5.3 millions Target: Natrol Inc. (Chatsworth) Business: Manufactures dietary supplements Acquiror: Plethico Pharmaceuticals Ltd. (India) Deal Value: $80.8 millions Target: Papastavros Associates Medical Imaging LLC (Wilmington, DE) Business: Provides diagnostic imaging services Acquiror: Radnet Inc. (Los Angeles) Deal Value: $21.6 millions Target: Rural Hospital Acquisition LLC (Oklahoma City, OK) Business: Operates hospitals Acquiror: Tri-Isthmus Group Inc. (Los Angeles) Deal Value: ND INDUSTRIAL Target: ADB (Apple Desktop Bus) A low-speed serial bus for connecting keyboards, mice and other input devices on Apple IIgs and Macintosh computers. Starting with the iMac in 1998, the ADB was superseded by USB. Industries (Burbank) Business: Manufactures stamping, brazing brazing, method of joining metal parts using nonferrous filler metals with high melting points such as copper, silver, and aluminum alloys. Brazing differs from soldering (see solder) by using a higher temperature; and unlike welding, the parts are not melted. prod Acquiror: TSI TSI Total Solar Irradiance (sum solar light in energy per unit of time) TSI Trading Standards Institute (UK) TSI Transportation Safety Institute (US DOT) Group Inc. (North Hampton, NH) Deal Value: ND Target: Aircraft Fasteners Inc. (Los Angeles) Business: Distributes hardware for the electronics and defense industries Acquiror: Housatonic Partners, Tucker Partners (Boston, MA) Deal Value: $13.8 millions Target: Automated Controlled Environments Inc. (Valencia) Business: Manufactures avionics and robotics equipment Acquiror: Andrews Space Inc. (Seattle, WA) Deal Value: ND Target: Carter & Burgess Inc. (Fort Worth, TX) Business: Provides engineering services Acquiror: Jacobs Engineering Group Jacobs Engineering Group Inc. (NYSE: JEC), a publicly traded company with annual revenues approaching $7 billion, provides professional technical services. Headquartered in Pasadena, CA, Jacobs offers support to industrial, commercial, and government clients across multiple Inc. (Pasadena) Deal Value: ND Target: Citymark Architects & Engineers (China) Business: Provides architectural services Acquiror: Aecom Technology Corp. (Los Angeles) Deal Value: ND Target: Elliott Energy Systems Inc. (Stuart, FL) Business: Manufactures microturbines Acquiror: Calnetix Inc (Cerritos) Deal Value: ND Target: Fredrick Ramond inc. (Cerritos) Business: Manufactures,whl decorative lamps Acquiror: Hinkley Lighting Inc (Cleveland, OH) Deal Value: ND Target: Leo Leo, in astronomy Leo [Lat.,=the lion], northern constellation lying S of Ursa Major and on the ecliptic (apparent path of the sun through the heavens) between Cancer and Virgo; it is one of the constellations of the zodiac. Motors Inc. (South Korea) Business: Manufactures scooters Auquiror: Simco America Inc. (Los Angeles) Deal Value: ND Target: Neptune Shipping Line (Australia) Business: Shipping company Acquiror: FIJI Water LLC (Los Angeles) Deal Value: ND Target: Performance Transportation Services inc., a portfolio company of Yucaipa Cos. (Los Angeles) Business: Provides auto transp services Auquiror: Allied Systems Holdings Inc. (Decatur, GA) Deal Value: $67 millions Target: Thompson Industries Inc. (Hawthorne) Business: Manufactures brazing, stamping prod Acquiror: TSI Group Inc. (North Hampton, NH) Deal Value: ND Target: Ultracor Inc. (Livermore) Business: Manufactures,whl honeycomb honeycomb a mosaic of closely packed units with depressed centers giving a honeycomb appearance. honeycomb ringworm see favus. honeycomb stomach reticulum. cores Acquiror: Reinhold Industries Inc. (Santa Fe Springs Santa Fe Springs, city (1990 pop. 15,520), Los Angeles co., SW Calif., inc. 1957. The city lies in an oil and natural gas region and has diversified manufacturing. ) Deal Value: ND Target: United Road Services, Inc (Romulus, MI) Business: Provides vehicle transportation services Auquiror: Gores Group LLC (Los Angeles) Deal Value: ND MEDIA Target: Broadway In Chicago Broadway In Chicago is a joint venture of Live Nation and the Nederlander Organization, two of commercial theater’s most prominent producers and operators, which brings Broadway shows to Chicago’s Theater District. LLC (Chicago, IL) Business: Operates theatres Acquiror: Nederlander Producing Company of America Inc. (Los Angeles) Deal Value: $60 millions Target: Control Room (Beverly Hills) Business: Provides music events prodn services Acquiror: Intermedia Intermedia - A hypertext system developed by a research group at IRIS (Brown University). Capital Partners IV (San Francisco) Deal Value: ND Target: Fun Little Movies Inc. (Burbank) Business: Owns, operates mobile video distn Acquiror: ROK Entertainment Group Ltd (United Kingdom) Deal Value: ND Target: HumWare Media Corporation (Golden, CO) Business: Operates a media advertising company Acquiror: EFT BioTech Holdings Inc. (City of Industry) Deal Value: ND Target: Imperia Imperia (ēmpĕ`rēä), city (1991 pop. 40,708), capital of Imperia prov., Liguria, NW Italy, on the Ligurian Sea. Located on the Italian Riviera, it is a port and winter resort. The cathedral (1780–1832) dominates the modern city. Entertainment Inc. (Beverly Hills) Business: Provides entertainment production services Acquiror: Independent Film Development (Delaware) Deal Value: ND Target: JSBC2 (Japan) Business: Provides satelite broadcasting services Acquiror: NBC Universal Inc. (Universal City) Deal Value: ND Target: Mega Communications--WNUE-FM (Orlando, FL) Business: Operates a radio station Acquiror: Entravision Commun Corp. (Santa Monica) Deal Value: $24 millions Target: Network Productions Inc. (Delaware) Business: Wholesaler of publishing supplies Acquiror: Empire Film Group (Beverly Hills) Deal Value: ND Target: Odginat Media LLC (New York, NY) Business: Provides motion picture production services Acquiror: Endemol USA (Los Angeles) Deal Value: ND Target: Peak Broadcasting LLC--KOQO-FM (Fresno) Business: A radio broadcasting station in Fresno Acquiror: Lotus Communications Corp. (Los Angeles) Deal Value: ND Target: Post Logic Studios (Hollywood) Business: Provides digital intermediate services Acquiror. Prime Focus Ltd. (India) Deal Value: ND Target: Rainmaker Rainmaker An employee of a brokerage firm who brings a large amount of wealthy individuals or corporations to the brokerage firm's client base. Notes: Rainmakers are usually compensated very well for their efforts (or connections). Entertainment--Post Production Assets (Canada) Business: Post production assets Acquiror: Deluxe Entertainment Services (Hollywood) Deal Value: $31 millions Target: Residence Inn--Torrance Hotel (Torrance) Business: Hotel property in Torrance Acquiror: Undisclosed Deal Value: $62 millions Target: Signatures Network Inc. (San Francisco) Business: Provides merchandise,mktg services Acquiror. Live Nation Inc. (Beverly Hills) Deal Value: $79 millions Target: Thinglefin Inc., a portfolio company of California Technology Ventures LLC (Pasadena) Business: Develops internet games Acquiror: Big Fish Games Big Fish Games is a provider of Internet media delivery software and services based in Seattle, Washington. The company is best known for its strong growth and leadership in digital distribution of online casual games. Inc. (Seattle, WA) Deal Value: ND Target: Waggaworld Entertainment International Inc. (Ontarionada) Business: Develops online games Acquiror: Cinemax Pictures And Production Co. Intl. Inc. (Beverly Hills) Deal Value: ND Target: WrestleZone.com (Marina del Rey) Business: Provides professional wrestling news Acquiror: Crave Online Media LLC (Los Angeles) Deal Value: ND REAL ESTATE Target: Blackrock Retail Property Advisors Inc. (Miami, FL) Business: Provides financing services for retail properties Acquiror: CB Richard Ellis CB Richard Ellis Group, Inc. NYSE: CBG is a multinational real estate corporation currently based in Los Angeles, California, U.S.A.. On December 20, 2006, the corporation, also known as CBRE, completed acquisition of Trammell Crow Co. in a transaction valued at $2. Group Inc. (El Segundo) Deal Value: ND TECHNOLOGY Target: Advanced Practice Systems LLC (Tarzana) Business: Develops medical management software Acquiror: Patterson Companies Inc. (St. Paul, MN) Deal Value: ND Target: Image Worldwide Inc. (Chicago, IL) Business: Provides online entertainment networking services Acquiror: Stronghold Industries Inc. (Redondo Beach) Deal Value: ND Target: Ingenio Inc. (San Francisco) Business: Provides Web-to-phone technology for the Internet industry Acquiror: Yellowpages com LLC (Pasadena) Deal Value: ND Target: Insightful Solutions Pty Ltd. (Australia) Business: Provides software hosting services Acquiror: Fonality (Los Angeles) Deal Value: ND Target: Vaau Inc. (Torrance) Business: Develops identity compliance solutions Acquiror: Sun Microsystems Inc. (Santa Clara) Deal Value: ND Target: XFiix.com (Delaware) Business: Provides Internet search services Acquiror: WantedList Inc. (Van Nuys) Deal Value: ND |
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