Merger activity keeps pace, with emphasis on strategy: few large transactions lowered total value of L.A. deals.Dominated by strategic deals, local merger and acquisition activity kept up a steady pace in April, though with few large transactions total value slipped from prior months. The 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. area saw 63 deals--roughly the same number on average since December--but with a disclosed value of only $4.7 billion. By comparison, deals totaled $7.1 billion in February and $9.3 billion in March, 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 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, a Minneapolis-based investment bank. The dealmaking was dominated by transactions that were strategic fits to the acquiring entity. An example was MGA Entertainment MGA Entertainment is a manufacturer of children's toys and entertainment products founded in 1997. Its products include the Bratz fashion doll line. External links
Toymaker (real name Cosmo Krank) is a brand new, original villain in The Batman. He first appeared in Cash for Toys. He is voiced by Patton Oswalt. in France. Far fewer were investment deals, such as the purchase of AVP AVP arginine vasopressin. Inc., the operator of the AVP Pro Beach Volleyball For the ball used in this sport, see . Beach volleyball is an Olympic team sport played on sand. Two teams, positioned on either side of a net which divides a rectangular court, hit a volleyball, usually using the hands or arms. Tour, by Shamrock Holdings Shamrock Holdings is the firm founded as the Roy E. Disney family investment firm and the Disney family remains a key investor. Roy is its chairman, and Stanley Gold its President/CEO. Shamrock owns a number of assets including hotels and radio and television stations. Inc., the investment vehicle of former Walt Disney Noun 1. Walt Disney - United States film maker who pioneered animated cartoons and created such characters as Mickey Mouse and Donald Duck; founded Disneyland (1901-1966) Disney, Walter Elias Disney Co. director Roy Disney Roy Disney can refer to two different people:
Ed Villeneuve, Los Angeles-based managing director of Goldsmith Agio, said the tilt toward strategic deals may simply be a reflection of the tendency of some private equity firms to not report their acquisitions or sales. "The preponderance of the buyers are the private equity guys looking to buy--and private equity groups looking to divest," said Villeneuve, noting his recent personal experience. Real estate activity Indeed, while there has been a pullback by some large private equity firms from the frenzied pace of dealmaking over the past year, other firms are continuing to pursue deals. Most recently, Cerberus Capital Management LP, a large 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 private equity film, raised eyebrows by taking a $7.4 billion majority stake in Chrysler Group. Closer to home, Villeneuve said he expects local M&A activity to continue at its current pace of 60 to 65 deals per month., with commercial real estate among the leading sectors. For example, in April, Beverly Hills-based Hilton Hotels
 To comply with Wikipedia's , the introduction of this article needs a complete rewrite. Real Estate for $770
million. Meanwhile, Los Angeles-based Colony Capital  This article may contain improper references to .Please help [ improve this article] by removing . LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control sold a 62 percent stake in its French real estate investments to a Canadian firm for $262 million. "Everybody's been focused on residential but real estate values in the hotel and commercial area have been continuing to do well," Villeneuve said. "People who have invested in that area can continue to sell for very nice valuations." April's biggest deal, however, was in the tech industry. El Segundo-based Computer Sciences Corp. acquired Covansys Corp., a Michigan-based information technology services provider, in a $1.3 billion cash transaction. The $34-per-share buyout offer is expected to close in the second quarter of 2008. Computer Sciences executives said the strategic acquisition will strengthen the company's capabilities in the emerging India market, where Covansys has a strong presence. The deal also highlighted a strong month for business services, which saw 16 deals--the most of any sector--with a combined value of more than $2 billion. Industrial deals also led the way in April, including a pair of acquisitions by Los Angeles-based Dalton Investments LLC. The firm bought a pair of Japanese companies: Fujitec Co. Ltd., a manufacturer of elevator and related equipment, for $711 million, and Nippon Fine Chemical Co. Ltd., a chemical and detergent maker, for $197 million. Those transactions highlighted the increasing number of international deals involving Los Angeles companies as markets, even for mid-sized companies, become increasingly global. In addition to Japan, some of the businesses involved in April's deals are based in Australia, Ireland, China and Denmark. Jean-Christophe Breuil, chairman of French toymaker Smoby Majorette, said his company was pleased to be acquired by American toymaker MGA (1) (Monochrome Graphics Adapter) A display adapter that employs Hercules Graphics, combining graphics and text on a monochrome monitor. (2) (Matrox Graphics Accelerator) A trade name used by Matrox Graphics Inc. , which last year acquired a minority stake in Zapf Creation AG, a German toymaker. "MGA is a very dynamic global player in the toy sector. Its international success and its capacity to innovate are in line with the values developed by Smoby Majorette ever since the group's inception," Breuil said in a statement. Other deals for the month included relatively low-profile transactions in the consumer and technology sectors. Material Technologies Inc., a Los Angeles company that makes sensors to test metal fatigue in bridges and railroads, acquired two companies through stock transactions. It bought a stake in Orlando-based Rocket City Automotive Group Inc., which develops software for automotive dealerships, for $15 million and Tampa-based Utek Corp., which acquires university technology licenses, for $11 million. Robert Bernstein, chief executive of Material Technologies, said the company does not often acquire companies, but did so in April because it will increase their technological research and development capabilities. "This adds to our armory of nondestructive testing of new technologies that will enable us to expand what we're interested in," he said. "It was more than a financial thing." Also in April, O&S Holdings LLC, a Santa Monica-based developer started by Kinko's Copies founder Paul Orfalea, submitted a leading, $41 million bid to acquire the 66-year lease of the Queen Mary and its surrounding 40 acres of mixed-use waterfront property in Long Beach. M&A Report--April 2007 BUSINESS SERVICES Seller: Allied Capital Corp. (Mercury Air Centers) (Los Angeles) Business: Offers aircraft fueling, catering, hangar storage, aircraft maintenance, flight instruction, aircraft charter, and aircraft sales services Buyer: Macquarie Infrastructure Co. Trust (New York, NY) Deal Value: $456 million Seller: Auto Panels Plus LLC (Tulsa, OK) Business: Distributes automotive parts Buyer: Keystone Automotive Industries Inc. (Pomona) Deal Value: ND Seller: Covansys Corp. (Farmington Hills, MI) Business: Provides industry-specific solutions, strategic outsourcing, and integration services Buyer: Computer Sciences Corp. (El Segundo) Deal Value: $1.3 billion Seller: Desert Community Bank (Victorville) Business: National commercial bank Buyer: East West Bancorp Inc. (Pasadena) Deal Value: $143 million Seller: EML EML - Extended ML. A language for formally specifying SML programs. ["Formal Program Development in Extended ML for the Working Programmer", D. Sannella, Proc 3rd BCS/FACS Workshop on Refinement", Springer 1990]. Inc. (Canada) Business: Provides consulting services Buyer: OSI (1) (Open System Interconnection) An ISO standard for worldwide communications that defines a framework for implementing protocols in seven layers. Control is passed from one layer to the next, starting at the application layer in one station, proceeding to the Consulting Inc. (Woodland Hills) Deal Value: ND Seller: Employers Direct Insurance Co. (Employers Direct Corp.) (Westlake Village) Business: Provides worker's compensation claims adjusting and loss prevention services Buyer: Alleghany Corp. (New York) Deal Value: $195 million Seller: Finity Resources (Irvine) Business: Provides staffing and consulting services Buyer: Singer Lewak Greenbaum & Goldstein LLP LLP - Lower Layer Protocol (Los Angeles) Deal Value: ND Seller: Imaging Technologies Services Inc. (Reprographics Duplicating printed materials using various kinds of printing presses and high-speed copiers. Division) (Atlanta, GA) Business: Provides reprographics service Buyer: American Reprographics Co. (Glendale) Deal Value: ND Seller: Kinetech Inc. (Northbrook, IL) Business: Provides data management services Buyer: Brilliant Digital Entertainment Inc. (Altnet, Inc.) (Woodland Hills) Deal Value: ND Seller: Neenah Paper Inc. (Rising Art Papers) (Appleton, WI) Business: Provides writing papers for letter head and communication systems, advertising flyers, reports, etc. Buyer: Legion Paper Inc. (Los Angeles) Deal Value: ND Seller: Orange Avenue Mortgage Investments Inc. (Small Business Administration) (Mission Viejo) Business: Small business loans and related assets Buyer: Hana Financial Inc. (Los Angeles) Deal Value: ND Seller: Rocket City Automotive Group Inc. (Orlando, FL) Business: Operates as an eBay Motors preferred solution provider and offers proprietary software and design solutions to automotive dealerships Buyer: Material Technologies Inc. (Los Angeles) Deal Value: $15 million Seller: Shenzhen Speedy Dragon Enterprise Ltd. (China) Business: Provides commercial, point-to-point parcel and container transportation services Buyer: Universal Travel Group (Los Angeles) Deal Value: $4 million Seller: STS (Synchronous Transport Signal) The electrical equivalent of the SONET optical signal. In SDH, the European counterpart of SONET, STS is known as STM (Synchronous Transport Module). Consultants Ltd. (Vernon Hills, IL) Business: Engineering consulting company Buyer: AECOM AECOM Albert Einstein College of Medicine of Yeshiva University (Bronx, NY) AECOM Architectural and Engineering Company Technology Corp. (Los Angeles) Deal Value: ND Seller: Utek Corp. (Damage Assessment Technologies, Inc.) (Tampa, FL) Business: Designs and develops structural damage assessment system Bayer: Material Technologies Inc. (Los Angeles) Deal Value: $11 million Seller: Wolcott Architecture (Culver City) Business: Provides architectural and interior design services Buyer: IA Interior Architects (San Francisco) Deal Value: ND CONSUMER Seller: Beverly Hills Teddy Bear Co. (Stuff A Friend) (Valencia) Business: Offers unstuffed toy animals and related accessories Buyer: Noah's Ark Animal Workshop Inc. (Crestwood, IL) Deal Value: ND Seller: Fat Cat Inc. (Williston, VT) Business: Manufactures and markets pet food and toys Buyer: Munchkin munchkin - /muhnch'kin/ [Squeaky-voiced little people in L. Frank Baum's "The Wizard of Oz"] A teenage-or-younger micro enthusiast hacking BASIC or something else equally constricted. Inc. (Bamboo) (North Hills) Deal Value: ND Seller: Funrise Toy Corp. (Van Nuys) Business: Manufactures and distributes children's toys Buyer: Matrix Holdings Ltd. (Hong Kong) Deal Value: $23 million Seller: MMAMix.com (Los Angeles) Business: Social networking site A Web site that provides a virtual community for people interested in a particular subject or just to "hang out" together. Members create their own online "profile" with biographical data, pictures, likes, dislikes and any other information they choose to post. for mixed martial arts For the fighting styles that combine different arts, see . Mixed martial arts (MMA) is a combat sport in which a wide variety of fighting techniques are used, including striking and grappling. ("MMA (Microcomputer Managers Association, Inc.) A membership organization with chapters throughout the U.S. that was devoted to educating personnel responsible for personal computers. It disbanded in 1996. Mma - A fast Mathematica-like system, in Allegro CL by R. Fateman, 1991. ") fighters and fans Buyer: Pro Elite Inc. (Los Angeles) Deal Value: ND Seller: Queen's Seaport Development Inc. (Long Beach) Business: Operates the Queen Mary cruise liner Buyer: O&S Holdings LLC (Santa Monica) Deal Value: $41 million Seller: Shanghai Lanbao Travel Service Co. Ltd. (China) Business: Owns and manages the award winning China Booking Association Web site Buyer: Universal Travel Group (Los Angeles) Deal Value: ND Seller: Smoby Majorette SA (France) Business: Manufactures toys Buyer: MGA Entertainment Inc. (Van Nuys) Deal Value: ND Seller: TRUNK Ltd. (Los Angeles) Business: Provides authentic luxury apparel and vintage clothing Buyer: Live Nation Inc. (Beverly Hills) Deal Value: ND ENERGY Seller: Alcatel Ventures (Valere Power Inc.) (Los Angeles) Business: Provides AC/DC AC/DC adj. Slang Having a bisexual orientation. [From the likening of a bisexual person to an appliance that works on either alternating or direct current. power systems for telecommunications service providers and enterprises Buyer: Eltek Energy AB (Sweden) Deal Value: $83 million Seller: Terax Energy Inc. (Dallas, TX) Business: Operates as an independent gas exploration, development, and production company in the US Buyer: Westar Oil Inc. (Beverly Hills) Deal Value: ND Seller: The Delaney Group (Gloversville, NY) Business: Provides planning and development services for wind energy Buyer: Tetra Tech Inc. (Pasadena) Deal Value: ND FOOD Seller: Chris' & Pitt's Food Products Inc. (Downey) Business: Distributes barbeque sauces and frozen entrees Buyer: Creo Capital Partners LLC (Pacific Palisades Palisades, cliffs along the west bank of the Hudson River, NE N.J. and SE N.Y., extending from N of Jersey City, N.J., to the vicinity of Piermont, N.Y., with a general altitude of from 350 ft to 550 ft (107–168 m). ) Deal Value: ND Seller: Coffee Bean coffee bean see sesbania. Holding Co. Inc. (Coffee Bean International, Inc.) (Portland, OR) Business: Produces and sells coffee Buyer: Farmer Brothers Co. (Torrance) Deal Value: $22 million HEALTH CARE Seller: Clinicares Co. Ltd. (Beverly Hills) Business: Provides clinical and surgical equipment Buyer: Vision Digital Multimedia Corp. (Augusta, GA) Deal Value: ND Seller: HealthSouth Corp. (Diagnostic Division) (Birmingham, AL) Business: Operates diagnostic imaging centers Buyer: Gores Group LLC (Los Angeles) Deal Value: $48 million Seller: Magna Care Hospital Specialists (Macon, GA) Business: Provides healthcare services Buyer: IPC--The Hospitalist hos·pi·tal·ist n. A physician, usually an internist, who specializes in the care of hospitalized patients. hospitalist Co. (North Hollywood) Deal Value: ND Seller: National Veterinary Associates Inc. (Westlake Village) Business: Owns and operates network companion of animal veterinary hospitals Buyer: Summit Partners LP (Boston, MA) Deal Value: $128 million INDUSTRIAL Seller: Admiralty Partners Inc. (SEACON Phoenix Inc.) (Los Angeles) Business: Underwater cable and connector solutions for military and commercial applications Buyer: Ametek Inc. (Paoli, PA) Deal Value: $38 million Seller: China Began Group Co. Ltd. (Beoan International Investment Co. Ltd.) (Covina) Business: Engages in importing, exporting, logistics, and financing activities--focusing on steel products Buyer: Tree Island Wire Income Fund (Canada) Deal Value: ND Seller: Elgin National Industries Inc. (Downers Grove, IL) Business: Manufactures industrial equipment and fasteners and provides engineering and construction services Buyer: GFI GFI Ground Fault Interrupter GFI Go For It GFI Government-Furnished Information GFI Growing Families International GFI Goodness of Fit Indices GFI Government Financial Institutions (Philippines) GFI Gross Farm Income Energy Ventures LLC (Los Angeles) Deal Value: ND Seller: Fujitec Co. Ltd. (Japan) Business: Manufactures and markets elevators, escalators, automated parking systems, and related machinery Buyer: Dalton Investments LLC/Fujitec Co. Ltd. (Los Angeles) Deal Value: $711 million Seller: LabService Analytica SRL 1. SRL - Bharat Jayaraman. ["Towards a Broader Basis for Logic Programming", B. Jayaraman, TR CS Dept, SUNY Buffalo, 1990]. 2. SRL - Schema Representation language. 3. SRL - Structured Robot Language. C. Blume & W. Jacob, U Karlsruhe. (Chemtek Analytica SRL) (Italy) Business: Produces chromatography products Buyer: Phenomenex Inc. (Torrance) Deal Value: ND Seller: Nippon Fine Chemical Co. Ltd. (Japan) Business: Produces chemicals including fatty acid fatty acid, any of the organic carboxylic acids present in fats and oils as esters of glycerol. Molecular weights of fatty acids vary over a wide range. The carbon skeleton of any fatty acid is unbranched. Some fatty acids are saturated, i.e. amides and leather chemicals and manufactures and sells household detergents Buyer: Dalton Investments LLC/ Nippon Fine Chemical Co. (Los Angeles) Deal Value: $197 million Seller: Shandong Quanxin Stainless Steel stainless steel: see steel. stainless steel Any of a family of alloy steels usually containing 10–30% chromium. The presence of chromium, together with low carbon content, gives remarkable resistance to corrosion and heat. Co. (China) Business: Manufactures steel and related products ND = Not disclosed Buyer: Terra Nostra Resources Corp. (Pasadena) Deal Value: ND Seller: Shandong Terra-Nostra Jinpeng Metallurgical Co. (China) Business: Produces copper and related products Buyer: Terra Nostra Resources Corp. (Pasadena) Deal Value: ND Seller: SupWare ApS (Denmark) Business: Supplies chromatography products Buyer: Phenomenex Inc. (Torrance) Deal Value: ND MEDIA Seller: Advanced Results Marketing Inc. (Marlboro, MA) Business: Provides advertising services such as TV spot-creation, media planning, and buying Buyer: Mercury Media Holding Corp. (Santa Monica) Deal Value: ND Seller: AdverTickets (Dallas, TX) Business: Provides full-color advertising services on valet and machine-issued parking and transit tickets Buyer: Brite Media Group LLC (Los Angeles) Deal Value: ND Seller: AVP Inc. (Los Angeles) Business: Owns and operates the AVP Pro Beach Volleyball Tour Buyer: Shamrock Holdings Inc. (AVP Acquisition Corp.) (Burbank) Deal Value: $24 million Seller: Coffey Sound LLC (Los Angeles) Business: Sells rents and repairs audio equipment for film and television industries Buyer: Telecorps Holdings Inc. (Indianapolis, IN) Deal Value: ND Seller: Creative Screenwriting Magazine (Los Angeles) Business: Magazine publication which covers the business and craft of writing for feature films and television Buyer: Inside Information Group Ltd. (Oxnard) Deal Value: ND Seller: Fandango fandango (făndăng`gō), ancient Spanish dance, probably of Moorish origin, that came into Europe in the 17th cent. It is in triple time and is danced by a single couple to the accompaniment of castanets, guitar, and songs sung by the Inc. (Los Angeles) Business: Provides advance movie tickets and show time information over the Internet Buyer: Comcast Corp. (Philadelphia, PA) Deal Value: ND Seller: Point.360 (Advertising Distribution Operations) (Hollywood) Business: Provides broadcast duplication and distribution services Buyer: DG FastChannel Inc. (Irving, TX) Deal Value: $32 million Seller: TG Publishing LLC (Culver City) Business: Operates as an online media publishing company Buyer: BestofMedia Group (France) Deal Value: ND REAL ESTATE Seller: Colony Capital LLC (Lucia SA) (Los Angeles) Business: Engages in the development and sale of properties and buildings Buyer: Caisse de Depot et Placement du Quebec (Canada) Deal Value: $262 million Seller: DGI DGI Direction Générale des Impôts (French: Department of Revenue) DGI Dirección General Impositiva (Argentina) DGI Danske Gymnastik- & Idrætsforeninger (Denmark) DGI Drummond Group Inc. Davis George Ltd. (United Kingdom) Business: Provides sales and leasing, investment, acquisition, and development advice to investors in the industrial/warehouse sector of the real estate industry Buyer: 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 Seller: Hilton Hotels Corp. (10 European Hotels) (Beverly Hills) Business: Operates hotels Buyer: Morgan Stanley Real Estate (New York, NY) Deal Value: $770 million Seller: 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 (Montauk Yacht Club Resort & Marina) (Los Angeles) Business: Operates as a resort facility Buyer: Island Global Yachting Ltd. (New York, NY) Deal Value: $34 million Seller: The Kor kor n. See homer2. [Hebrew kôr, from Akkadian kurru, from Sumerian gur, a unit of measurement.] Noun 1. Group (Campton Place Hotel) (Los Angeles) Business: Operates a four-star 110-room hotel Buyer: Indian Hotels Co. Ltd. (India) Deal Value: $58 million TECHNOLOGY Seller: CardCops Inc. (Malibu) Business: Provides products related to ID theft protection, data monitoring, and analysis technology solutions Buyer: Affinion Group Holdings Inc. (Norwalk, CT) Deal Value: ND Seller: Computer Sciences Corp. (African INSURE/90 Insurer Systems Business and Assets) (El Sagundo) Business: Offers general insurance software products and solutions Buyer: SSP (1) (Service Switching Point) The local exchange node in an SS7 telephone network. The SSP can be part of the voice switch or in a separate computer connected to it. Holdings PLC (United Kingdom) Deal Value: ND Seller: Integrated Collision Management Inc. (Redondo Beach) Business: Provides software for the collision repair shop industry Buyer: CCC CCC A very speculative grade assigned to a debt obligation by a rating agency. Such a rating indicates default or considerable doubt that interest will be paid or principal repaid. Also called Caa. Information Services See Information Systems. Group Inc. (Chicago, IL) Deal Value: ND Seller: Iris Computers Ltd. (India) Business: Distributes computer hardware and peripherals Buyer: JMG JMG Journal of Medical Genetics JMG Junior Master Gardener JMG Journal of Metamorphic Geology JMG Junior Maine Guide JMG Joint Meteorological Group JMG Jam Master Geordie Exploration Inc. (Pasadena) Deal Value: ND Seller: LogicBlaze inc. (Marina del Rey) Business: Provides software solutions Buyer: IONA Technologies Plc (Ireland) Deal Value: ND Seller: Optical Communication Products Inc. (Woodland Hills) Business: Designs and manufactures fiber optic modules Buyer: Oplink Communications Inc. (Fremont) Deal Value: $71 million Seller: Red Swoosh Inc. (Santa Monica) Business: Develops networking software for media management and distribution Buyer: Akamai Technologies Inc. (Cambridge, MA) Deal Value: $15 million Seller: SageMetrics Corp. (North Hollywood) Business: Provides business intelligence software services Buyer: BlueFreeway Ltd. (Australia) Deal Value: $1 million ND = Not disclosed 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 and distressed advisory and restructuring services to all middle-market businesses. All data is provided by Goldsmith Agio Helms from sources deemed reliable. The firm can be contacted at (310) 551-4111. BY RICHARD CLOUGH Staff Reporter M&A Update Announced mergers and acquisitions in L.A. County. Month Number of Deals Deal Value April '06 65 * $5.9 May 88 11.8 June 84 20.0 July 81 4.7 August 67 4.4 September 71 5.0 October 63 4.3 November 53 6.1 December 62 21.4 January '07 59 2.9 February 64 7.1 March 66 9.3 April 63 4.7 * in billions Source: Goldsmith Agio Helms |
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