Merger activity in L.A. remained sluggish in September.Local mergers and acquisitions activity remained sluggish in September September: see month. , with 70 deals worth an estimated $3.1 billion, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. data compiled for the Business Journal by Minneapolis-based investment firm Goldsmith Agio AGIO, aggio. This term is used to denote the difference of price between the value of bank notes and nominal money, and the coin of the country. Encyc. Helms. The number of deals is only slightly up from 67 deals in August, though the value of the August deals was worth an estimated $4.4 billion. These figures are way down from the blistering blis·ter·ing n. See vesiculation. mid-year pace of deals that peaked with 88 deals worth $11.8 billion in May. But local dealmakers say these numbers are a lagging indicator Lagging Indicator A measurable economic factor that changes after the economy has already begun to follow a particular pattern or trend. Notes: Lagging indicators confirm long-term trends, but do not predict them. of a lull in dealmaking activity earlier this year as interest rates were still rising and high gas prices were threatening to put a damper damp·er n. 1. One that deadens, restrains, or depresses: Rain put a damper on our picnic plans. 2. An adjustable plate, as in the flue of a furnace or stove, for controlling the draft. on the economy. "The pace of announced deals tends to trail the actual activity by about seven to nine months," said Gary Gary, city (1990 pop. 116,646), Lake co., NW Ind., a port of entry on Lake Michigan; inc. 1909. Gary was founded by the U.S. Steel Corporation, which purchased the land in 1905 and landscaped it for a city. Rabishaw, senior vice president with L.A.-based investment banking firm Barrington Barrington, town (1990 pop. 15,849), Bristol co., E R.I., on the Barrington River; settled c.1670, included in Massachusetts until 1746, inc. 1770. It is a residential and resort area. Barrington College is there. Associates. "Right now, there's an abundance Abundance See also Fertility. Amalthea’s horn horn of Zeus’s nurse-goat which became a cornucopia. [Gk. Myth.: Walsh Classical, 19] cornucopia conical receptacle which symbolizes abundance. [Rom. Myth. of capital chasing deals and the activity has really picked up coming out of summer." The activity has been bolstered bol·ster n. A long narrow pillow or cushion. tr.v. bol·stered, bol·ster·ing, bol·sters 1. To support or prop up with or as if with a long narrow pillow or cushion. 2. by the recent run-up run-up or run·up n. An often sudden increase: a run-up in interest rates; a run-up in food prices; a run-up in house values. Noun 1. on Wall Street, which has increased market valuations for companies both public and private, said Chris Lewis Chris Lewis may refer to:
The purchase of a company or a controlling interest of a corporation's shares. Notes: A leveraged buyout is accomplished with borrowed money or by issuing more stock. offers now. What's more, Lewis said, there's tons (Transparent Optical Networking Services) A marketing term for providing dark fiber to a customer. The customer is responsible for generating the transmission signal and interpreting it at the other end. See dark fiber. of buyout money available, from both lending institutions Noun 1. lending institution - a financial institution that makes loans financial institution, financial organisation, financial organization - an institution (public or private) that collects funds (from the public or other institutions) and invests them in and private equity firms. But the bull market has also strengthened the market for initial public offerings in recent weeks. As a result, some larger companies have opted against going the buyout route. "That's one reason why we're we're Contraction of we are. we're we are not seeing too many very large deals right now," said Joshua Joshua, book of the Bible Joshua (jŏsh`  ə), book of the Bible. Fox, senior vice president
of Houlihan Lokey Howard Howard, English noble family. Landowners in Norfolk from the 13th cent., the Howards obtained the duchy of Norfolk through the marriage of Sir Robert Howard to Margaret Mowbray, daughter of Thomas Mowbray, 1st duke of Norfolk. & Zukin, a Century City-based investment
banking firmIndeed, there was only one deal in excess of $1 billion: Vivendi's Universal Music Group's offer of $2.1 billion for Bertelsmann For the foundation, see . Bertelsmann AG is a transnational media corporation founded in 1835, based in Gütersloh, Germany. The company operates in 63 countries and employs over 100,000 workers (as of June 30, 2007). In 2006 the company reported a € 19. A.G.'s BMG BMG Bundesministerium für Gesundheit (Germand: Federal Ministry for Health) BMG Be My Girl BMG Blue Man Group BMG Bertelsmann Music Group BMG Be My Guest BMG Browning Machine Gun BMG Bulk Metallic Glass Music Publishing The contractual relationship between a songwriter or music composer and a music publisher, whereby the writer assigns part or all of his or her music copyrights to the publisher in exchange for the publisher's commercial exploitation of the music. Group. (Vivendi
VIVENDI® is a software package for care management and staff organisation published by the German software company CONNEXT and introduced in 1995. is based in Paris, but its Universal Music Group subsidiary is based in 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. .) Another major deal was the announced acquisition of New York-based watchmaker Tourneau Wikipedia is not the place for advertisement or self-advertising. Tourneau is an American watch retailer. Selling from inexpensive brands such as Citizen and Swatch all the way to top brands including Rolex and Patek Philippe & Co. Inc. by an investor group led by 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. private equity firm Leonard Leon·ard , Ray Charles Known as "Sugar Ray." Born 1956. American boxer who won the 1976 Olympic light welterweight title. He held five world titles as both a welterweight and middleweight between 1979 and 1987. Noun 1. Green & Partners for more than $300 million. Most of the other announced deals were much smaller. Among the hottest areas for these deals are technology, health care and business service firms, three sectors where there are lots of start-up companies start-up company A new business. in the L.A. area. One such start-up Start-up The earliest stage of a new business venture. that was acquired in September was Los Angeles-based Diversified diversified (di·verˑ·s Data Design Corp., a data management company snapped Snapped is a true crime television series on the Oxygen Network that debuted in 2004 in the United States. It features stories of real women who killed others, mainly husbands or boyfriends. up for an undisclosed sum by Charlotte, N.C.-based Agdata L.P. subsidiary MedData, which provides online data and administrative exchanges for physicians. Also hot in September were companies in the food services food services Hospital services A 24/7 department in a hospital that provides for the nutritional needs of inpatients–eg, those needing special diets, preparing meals and transporting them to the floor and, through the cafeteria, the hospital staff and sector. "There's a lot of consolidation going on right now in the food business sector, especially among meat products companies," said Barrington's Rabishaw. Energy-related companies have also been the targets of acquisitions, especially as oil prices rose earlier this year. Whether that continues now that gasoline gasoline or petrol, light, volatile mixture of hydrocarbons for use in the internal-combustion engine and as an organic solvent, obtained primarily by fractional distillation and "cracking" of petroleum, but also obtained from natural gas, by prices have subsided somewhat remains to be seen, Rabishaw said. M&A Report--September 2006 BUSINESS SERVICES Seller: Automotive Resources Asia Ltd. (Thailand) Business: Offers market strategy and business development services for the Asian automotive market Buyer: J.D. Power and Associates Inc. (Westlake Village) Deal Value: ND Seller: Bowne DecisionQuest Inc. (Torrance) Business: Trial consulting firm Buyer: Employees of DecisionQuest Inc. (Torrance) Deal Value: $10.0 Million Seller: Centre Pacific Holding Inc. (Los Angeles) Business: Provides investment advice Buyer: Churchill Financial Holdings LLC (New York, NY) Deal Value: ND Seller: Concept Acquisition LLC (Encino) Business: Private equity firm Buyer: Ultimate Franchise Systems Inc. (Heathrow, FL) Deal Value: ND Seller: CU Auto Sales & Leasing (Roseville) Business: Provides auto sales and leasing services to credit union members Buyer: Zag.com Inc. (Autoland Inc.) (Santa Monica) Deal Value: ND Seller: Diversified Data Design Corp. (Culver City) Business: Provides specialty data processing using capitated reimbursement methodologies Buyer: AGDATA Management LLC (MedData) (Charlotte, NC) Deal Value: ND Seller: DNA Studio (Los Angeles) Business: Provides marketing services Buyer: Whittmanihart Inc. (Chicago, IL) Deal Value: ND Seller: Great Hill Partners, LLC (Action Media Operating LLC) (Irvine) Business: Provides event production services Buyer: Action Pursuit Group LLC (Carson) Deal Value: ND Seller: Live Nation Inc. (SFX Baseball Group) (Beverly Hills) Business: Represents major league baseball players in negotiating contracts Buyer: NBK Baseball Group LLC (Northbrook, IL) Deal Value: ND Seller: Mobitrac Inc. (Chicago, IL) Business: Supplies transportation execution systems Buyer: Fluensee Inc. (El Segundo) Deal Value: ND Seller: Ovex Technologies Pvt Ltd. (Pakistan) Business: Provides business process outsourcing services Buyer: En Pointe Technologies Inc. (El Segundo) Deal Value: ND Seller: Ovex Pakistan Pvt Ltd. (Pakistan) Business: Provides business process outsourcing services Buyer: En Pointe Technologies Inc. (El Segundo) Deal Value: ND Seller: Platinum Equity LLC (Excell Services LLC) (Beverly Hills) Business: Provides directory assistance services Buyer: Infonxx Inc. (Bethlehem, PA) Deal Value: ND Seller: SpeedNews Inc. (Los Angeles) Business: Publishes news and information for executives in the aviation industry Buyer: Prism Business Media Inc. (Overland Park, KS) Deal Value: ND Seller: Taishun Yucai Senior School (China) Business: Operates high schools and vocation training schools Buyer: The Hartcourt Companies Inc. (Pasadena) Deal Value: $2 million Seller: Warning Management Services Inc. (All Staffing Inc.) (Beverly Hills) Business: Provides payroll and business services Buyer: Dalrada Financial Corp. (San Diego) Deal Value: $3.5 million Seller: Whitmont Legal Technologies Inc. (Los Angeles) Business: Provides litigation support and consulting services Buyer: Tech Enterprises Inc. (Falls Church, VA) Deal Value: ND CONSUMER Seller: Aspen Education Group Inc. (Cerritos) Business: Provides educational programs that promote academic and personal growth for youth Buyer: CRC Health Holdings Inc. (CRC Health Group Inc.) (Cupertino) Deal Value: ND Seller: Bodies In Motion Inc. (North Hills) Business: Provides instructional fitness programs Buyer: Meridian Sports Clubs LLC (Los Angeles) Deal Value: $9.5 million Seller: Cheeky Brand (Los Angeles) Business: Manufactures and markets t-shirts Buyer: Vencor International Inc. (Beverly Hills) Deal Value: ND Seller: CRL Group LLC (Los Angeles) Business: Manufactures women's sportwear Buyer: Kellwood Co. (St. Louis, MO) Deal Value: ND Seller: Educational Insights Inc. (Compton) Business: Provides solutions for teaching children the fundamentals of geography, math, reading, science and other subjects Buyer: Learning Resources Inc. (Vernon Hills, IL) Deal Value: $22.1 million Seller: Great West Van (Canada) Business: Manufactures and sells recreational vehicles Buyer: Rhino Outdoor International Inc. (Torrance) Deal Value: ND Seller: Life and Death (Los Angeles) Business: Manufactures and markets apparel and accessories Buyer: Blue Holdings Inc. (Commerce) Deal Value: ND Seller: Newell Rubbermaid Inc. (The Little Tikes Co.) (Atlanta, CA) Business: Manufactures & markets childrens products Buyer: MGA Entertainment Inc. (Van Nuys) Deal Value: ND Seller: Phillar Beheer BV (Netherlands) Business: Holding company with interest in manufacturing home and mobile entertainment Buyer: Commodore International Corp. (Century City) Deal Value: ND Seller: Reo Starr LLC (Los Angeles) Business: Manufactures youth-oriented apparel Buyer: Sub-Urban Brands Inc. (Los Angeles) Deal Value: ND Seller: Tourneau Inc. (New York, NY) Business: Provides retail products and services Buyer: LGP Management Inc. (Green Equity Investors IV LP) (Los Angeles) Deal Value: $300 million ENERGY Seller: Pecos Inc. (Rancho Dominguez) Business: Distributes petroleum products Buyer: SPI Petroleum LLC (Oklahoma City, OK) Deal Value: $72.5 million Seller: Sunray Operating Company LLC (Sandy Point Prospect) (Sugar Land, TX) Business: Provides oil and natural gas exploration and production services Buyer: Matrixx Resource Holdings Inc. (Los Angeles) Deal Value: ND Seller: Vanguard SynFuels LLC (Pollock, LA) Business: Produces biofuels Buyer: Diametrics Medical Inc. (Playa Vista) Deal Value: $17.7 million HEALTHCARE Seller: Anatomic Concepts Inc. (Corona) Business: Manufactures medical support surfaces, mattresses, and bedsprings Buyer: Anodyne Medical Device Inc. (Los Angeles) Deal Value: ND Seller: Four imaging centers (San Francisco, Corona, Fresno, and Irvine) (Irvine) Business: Operates outpatient diagnostic imaging facilities Buyer: Primedex Health Systems Inc. (Los Angeles) Deal Value: ND Seller: Hollister Inc. (Healthcare and Patron Management Wristband ID Product Lines) (Libertyville, IL) Business: Manufactures healthcare consumables and personal identification products for patients Buyer: Precision Dynamics Corporation (San Fernando) Deal Value: ND Seller: UBI Healthcare Solutions LLC (Nashville, TN) Business: Develops software management solutions for the healthcare industry Buyer: AssistMed Inc. (Los Angeles) Deal Value: ND Seller: ViaLogy Corp. (Altadena) Business: Researches DNA and protein arrays which are used to develop microchips Buyer: Original Investments Plc (United Kingdom) Deal Value: $8.3 million INDUSTRIAL Seller: All Power Manufacturing Co. (Santa Fe Springs) Business: Manufactures aircraft assemblies, subassemblies, and parts Buyer: RUG Bearings Inc. (Oxford, CT) Deal Value: $9.3 million Seller: CMP Display Systems Inc. (Newbury Park) Business: Supplies products for a wide range of military and commercial aircraft Buyer: Ducommun Inc. (Ducommun Technologies Inc.) (Long Beach) Deal Value: ND Seller: Oaktree Capital Management LLC (Reeves Brothers Inc.) (Los Angeles) Business: Manufactures coated fabric material Buyer: Trelleborg Engineered Systems Group Ab (Sweden) Deal Value: $178 million Seller: Pemco Aviation Group Inc. (Pemco Engineers Inc.) (Chatsworth) Business: Designs and manufactures cargo loading systems Buyer: Management of Pemco Engineers Inc. (Chatsworth) Deal Value: $2 million Seller: RWA Holdings Pry Ltd. (Australia) Business: Provides hire, sales, and modifications of new, refurbished, and modified portable storage containers Buyer: General Finance Corp. (Pasadena) Deal Value: $89 million Seller: Sierracin Corp. (Sylmar) Business: Designs and manufactures transparencies for military and commercial aircraft Buyer: PPG Industries Inc. (Pittsburgh, PA) Deal Value: ND Seller: Summa Industries Inc. (Torrance) Business: Makes prismatic lenses and refractors Buyer: Habasit Holding AG (Switzerland) Deal Value: $58.1 million Seller: Superior Industries International Inc. (SuSpension Components Business) (Van Nuys) Business: Designs and manufactures aluminum road wheels for sale to original equipment manufacturers Buyer: Saint Jean Industries (France) Deal Value: $17 million MEDIA Seller: 3Ball Productions Inc. (Manhattan Beach) Business: Operates as television producers in the US Buyer: Eyeworks Holding (Netherlands) Deal Value: ND Seller: Inferno Distribution LLC (Beverly Hills) Business: Produces, finances, and sells motion pictures and television programs Buyer: Hollywood Studios International (Beverly Hills) Deal Value: ND Seller: Lee Enterprises Inc. (19 publications & three Web sites) (Davenport, IO) Business: Publishes magazines and newspapers and operates online websites Buyer: Target Media Partners (Los Angeles) Deal Value: ND Seller: Red Rock Pictures Inc. (Los Angeles) Business: Produces motion picture entertainment Buyer: Maneki Mining Inc. (Canada) Deal Value: ND Seller: Salisbury Broadcasting Corp (KWWV-FM, KXTY-FM) (Avon, CO) Business: Operates a radio station Buyer: Mapleton Communications (Los Angeles) Deal Value: $3 million Seller: Sony BMG Music Entertainment (BMG Music Publishing Ltd.) (New York, NY) Business: Publishes music Buyer: Universal Music Group Inc. (Santa Monica) Deal Value: $2.1 billion Seller: Sun Studio A/S (Denmark) Business: Provides services in sound design, audio, dubbing, and music recording areas Buyer: SDI Media Group Inc. (Culver City) Deal Value: ND Seller: Triangle Images (Los Angeles) Business: Produces motion imagery for production companies Buyer: Thought Equity Management Inc. (Denver, CO) Deal Value: ND Seller: Yoga Journal LLC (San Francisco) Business: Publishes yoga journal magazine Buyer: Active Interest Media Inc. (El Segundo) Deal Value: ND REAL ESTATE Seller: Eisenbahn-Siedlungs-Gesellschaft Berlin MBH (Germany) Business: Provides real estate development and management services Buyer: GEHAG GmbH, Oaktree Capital Management LLC (Los Angeles) Deal Value: ND Seller: G REIT Inc. (Santa Ana) Business: Acquires and manages real estate properties Buyer: Everest Properties II LLC (Pasadena) Deal Value: $17.6 million Seller: Hilton Hotels Corp. (Hilton Toronto, Hilton Toronto Airport, Hilton Montreal Airport) (Beverly Hills) Business: Hotel properties Buyer: Northstar Hospitality LP (Canada) Deal Value: $162.8 million Seller: NGP Realty Sub LP (2 Ahwatukee golf courses) (Santa Monica) Business: Operates private golf courses Buyer: Bixby Village Golf Course Inc. (Long Beach) Deal Value: $5.6 million Seller: Predibisa (Portugal) Business: Provides real-estate management services Buyer: CB Richard Ellis Group Inc. (Los Angeles) Deal Value: ND Seller: United Services Automobile Association (Four Seasons Resort & Club at Las Colinas) (San Antonio, TX) Business: Operates a 397-room hotel Buyer: BentleyForbes (BentleyForbes Hospitality LLC) (Century City) Deal Value: ND Seller: Younan Properties Inc. (Holiday Inn Select North Dallas) (Woodland Hills) Business: Operates a 378-room hotel Buyer: TOG Hotels Inc. (Santa Ana) Deal Value: $13 million TECHNOLOGY Seller: Climax Group (United Kingdom) Business: Produces software video games Buyer: The Walt Disney Co. (Buena Vista Games Inc.) (Burbank) Deal Value: ND Seller: DrunkDuck.com (Woodland Hills) Business: Provides free hosting services for webcomic creators Buyer: Platinum Studios LLC (Beverly Hills) Deal Value: ND Seller: Global Connect Inc. (Traverse City, MI) Business: Provides broadband Internet and telecommunications services Buyer: 5G Wireless Communications Inc. (Marina Del Rey) Deal Value: ND Seller: Government Micro Resources Inc. (Product Business) (Manassas, VA) Business: Sells personal computers and other software accessories Buyer: PC Mall Inc. (PC Mall Gov. Inc.) (Torrance) Deal Value: $3.3 million Seller: Izecom BV (Netherlands) Business: Specializes in email encryption and securing software solutions Buyer: FutureVest Inc. (Izecom Inc.) (Santa Monica) Deal Value: ND Seller: Jambo (JamboTECH, LLC) (Agoura Hills) Business: Provides solutions to accommodate business exposure on the Internet Buyer: Copper Conferencing (Superior, CO) Deal Value: ND Seller: Rand'M Video (Los Angeles) Business: Operates satellite and cable systems Buyer: Multiband Corp. (New Hope, MN) Deal Value: ND Seller: Spatializer Audio Laboratories Inc. (San Jose) Business: Develops, licenses and markets audio technologies Buyer: DTS Inc. (Agoura Hills) Deal Value: $1 million Seller: Vagabond International Communications Group (New York, NY) Business: Provides integrated telecommunications services Buyer: Broadspot Worldwide Wireless Inc. (Los Angeles) Deal Value: ND Seller: Xero Mobile Inc. (Assets) (Los Angeles) Business: Operates as a mobile virtual network operator and a media sales organization Buyer: Advanced Mobile Communications Inc. (Los Angeles) Deal Value: ND Information provided by Goldsmith Agio Helms Goldsmith Agio Helms is a national investment banking firm specializing in providing merger and acquisition, private placement of debt and equity, valuation and fairness opinions Fairness Opinion A report put together by qualified analysts or advisors providing to key decision makers an evaluation of and facts about a merger or acquisition. Notes: A fairness opinion serves as a document used for guidance in a merger, takeover, or acquisition. and distressed advisory and restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). services to all middle-market The term middle-market may refer to either a type of newspaper or a type of company. A middle-market newspaper is one that attempts to cater to readers who want some entertainment value from their newspaper as well as adequate serious coverage of significant news businesses. All data is provided by Goldsmith Agio Helms from sources deemed reliable. The firm can be contacted at (310) 551-4111. ND = Not disclosed dis·close tr.v. dis·closed, dis·clos·ing, dis·clos·es 1. To expose to view, as by removing a cover; uncover. 2. To make known (something heretofore kept secret). BY HOWARD FINE Howard Fine (November 28, 1958) is an American acting teacher, the founder of the Howard Fine Acting Studio in Hollywood, CA, and also a theatre director. Early Life Howard Fine was born on November 28, 1958 in Providence, Rhode Island. He is the youngest of 5 children. Staff Reporter |
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