Mergers & acquisitions report: March 2008.With lenders demanding more equity on leveraged buyouts, mergers and acquisitions activity slowed considerably in March. Dealmakers in 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. engineered transactions of $2.56 billion, a decline of 46 percent from February and 72 percent from the same time last year. The largest deal that closed during the month of March was a $610 million portfolio of office properties acquired by Douglas Emmett Inc. from Los Angeles-based Arden Realty Inc. In another notable transaction, an Israeli provider of products and services for satellite-based communication networks entered into a definitive merger agreement for about $475 million with a consortium of companies, including Los Angeles-based private equity firm The Gores Group LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . The number of transactions in March totaled 57, lower than the previous month's total of 67 and last year's tally of 66 during the some month. What follows is a list of transaction in which either the buyer, seller or targeted business unit was based in Los Angeles County. BUSINESS SERVICES Target: AssetPoint (Greenville, SC) Business: Provides enterprise software development services Acquirer. Triton Pacific Capital Partner (Los Angeles) Deal Value: ND Target: Chelford Group plc (Basingstoke, UK) Business: Develops enterprise resource planning See ERP. (application, business) Enterprise Resource Planning - (ERP) Any software system designed to support and automate the business processes of medium and large businesses. system solutions Acquirer: Solarsoft Acquisition Ltd. a portfolio company of Madin Equity Partners, LLC (El Segundo El Segundo (ĕl sēgŭn`dō), industrial city (1990 pop. 15,223), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1917. Its products include navigation and computer systems, aircraft parts, office machines, telephone apparatus, and ) Deal Value: ND Target: Chip Estimate Corp., a portfolio company of ITU Ventures 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. (Los Angeles) Business: Develops electronic design automation software Acquirer. Cadence Design Systems (company) Cadence Design Systems - A company that sells electronic design automation software and services. http://cadence.com/. See also Verilog. , Inc. (San Jose San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. ) Deal Value: ND Target: Compete Inc., a portfolio company of several companies including Idealab (Pasadena) Business: Provides business intelligence and market research services Acquirer: Taylor Nelson Sofres Taylor Nelson Sofres (TNS) is a global market research group, active in over 70 countries and employing 14,000 people. TNS conducts custom research business in key industry sectors, including Healthcare, Automotive, Technology, Finance, Consumer as well as Polling and Social. plc (London, UK) Deal Value: $150 million Target: CRI CRI constant-rate infusion. , Inc. (Torrance) Business: Provides recruitment process outsourcing Recruitment Process Outsourcing (RPO) is a form of business process outsourcing (BPO) where an employer outsources or transfers all or part of its recruitment activities to an external service provider. services Acquirer: Manpower Inc. (Milwaukee, WI) Deal Value: ND Target: Fantasma Productions, Inc. (Florida) Business: Provides live event management services Acquirer: Live Nation Inc. (Beverly Hills Beverly Hills, city (1990 pop. 31,971), Los Angeles co., S Calif., completely surrounded by the city of Los Angeles; inc. 1914. The largely residential city is home to many motion-picture and television personalities. ) Deal Value: ND Target: Mellon 1st Business Bank (Los Angeles) Business: Offers personal and business banking services Acquirer: U.S. Bank National Association (Cincinnati, OH) Deal Value: ND Target: MGR Mgr 1. manager 2. monseigneur 3. monsignor Mgr abbr (= Monseigneur, Monsignor) → Mons Mgr abbr (= Monseigneur, Monsignor Entertainment Inc. (Los Angeles) Business: Provides entertainment merchandising services Acquirer: Premier Exhibitions Inc. (Atlanta, CA) Deal Value: ND Target: National Maintenance Group Inc. (Scottsdale) Business: Provides building maintenance services Acquirer: Internet Song of the Year Inc. (Beverly Hills) Deal Value: $13.2 million Target: Paragon Dynamics Inc. (Aurora, CO) Business: Provides system design services to government Acquirer: KOR Electronics Inc. (Cypress) Deal Value: $8.9 million Target: Redux Refers to being brought back, revived or restored. From the Latin "reducere." Holdings, Inc. (Los Angeles) Business: Investment holding company Acquirer: Naturade Inc. (Irvine) Deal Value: ND Target: Wyle Electronics (El Segundo)--Santa Clara Test Operations Business: Offers testing services for integrated circuits Integrated circuits Miniature electronic circuits produced within and upon a single semiconductor crystal, usually silicon. Integrated circuits range in complexity from simple logic circuits and amplifiers, about 1/20 in. (1. Acquirer: Silicon Turnkey Solutions Inc. (Milpitas) Deal Value: ND CONSUMER Target: Animal Paradise LLC (Stratford, MO) Business: Operates an animal theme park Acquirer. Great American Family American Family is a photographic artwork exhibition by Renée Cox. See also
Deal Value: ND Target: Dayton Boots Enterprises Inc. (Vancouver, Canada) Business: Manufactures footwear, apparel, and accessories Acquirer: Dussault Apparel Inc. (Los Angeles) Deal Value: $1.9 million Target: Disney Store North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. Business: Operates Disney products stores Acquirer: 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. (Burbank) Deal Value: ND Target: Employers Management Services LLC (Escondido) Business: Provides employee leasing services Acquirer: Tradeshow Products Inc. (Covina) Deal Value: ND Target: Flowlab LLC (Long Beach) Business: Manufactures skateboards Acquirer: Mammoth Energy Group Inc. (Winston-Salem, NC) Deal Value: ND Target: Freedom Grill Inc. (Poway) Business: Manufactures household cooling appliances Acquirer: Ault Glazer & Co. Inc. (Los Angeles) Deal Value: ND Target: Sheraton Grand Sacramento Hotel (Sacramento) Business: Operates a hotel Acquirer: CIM (1) (Computer-Integrated Manufacturing) Integrating office/accounting functions with automated factory systems. Point of sale, billing, machine tool scheduling and supply ordering are part of CIM. Group Inc. (Hollywood) Deal Value: $130 million Target: Smoby SA a subsidiary of 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
Business: Manufactures toys Acquirer: Simba Toys Gmbh & Co. KG (Furth, Germany) Deal Value: ND Target: System Parking Inc. (Chicago, IL) Business: Provides parking services Acquirer: L&R Group of Companies (Los Angeles) Deal Value: ND FOOD Target: Daqing Qingkelong Chain Commerce & Trade Co. Ltd. (Undisclosed, China) Business: Operates supermarkets Acquirer: Forme forme (form) pl. formes [Fr.] form. forme fruste (froost) pl. formes frustes an atypical, especially a mild or incomplete, form, as of a disease. Capital Inc. (Westlake Village) Deal Value: ND Target: IHOP IHOP International House Of Pancakes (restaurant chain) iHOP Information Hyperlinked Over Proteins IHOP International House of Prayer IHOP International H2O Project IHOP International House of Pain Corp. (Glendale)--41 Applebee's Locations Business: Operates restaurants Acquirer. Apple American Group LLC (San Francisco) Deal Value: ND HEALTH CARE Target: HCP HCP, n healthcare provider, a professional who specializes in treating and managing a person's general or specific health needs. Inc. (Long Beach) Business: Divestiture of healthcare facilities Acquirer: Medical Properties Trust Inc. (Birmingham, AL) Deal Value: $371 million Target: Medical Emergency Treatment (Windsor, NJ) Business: Operates health care centers Acquirer: US Healthworks Inc. (Valencia) Deal Value: ND INDUSTRIAL Target: Assured Power & Communications Corp. (Los Angeles) Business: Manufactures solar power technology Acquirer: Clear Skies Group Inc. (Undisclosed, NY) Deal Value: ND Target: Five Star Gas & Gear (Los Nietos) Business: Wholesales industrial gases Acquirer: Matheson Tri-Gas Inc. (Newark) Deal Value: ND Target: Hannibal Industries Inc. (Los Angeles) Business: Manufactures steel tubes Acquirer. Hannibal Industries Inc. ESOP ESOP See: Employee Stock Ownership Plan ESOP See Employee Stock Ownership Plan (ESOP). (Los Angeles) Deal Value: ND Target: Northrop Grumman Corp., Electro-Optical Systems (Los Angeles) Business: Manufacturers night vision components Acquirer: L-3 Communications Holdings 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: $175 million Target: Terminus Energy Corp. (Torrance) Business: Provides energy distribution systems Acquirer: Image Apparel Inc. (Undisclosed, USA) Deal Value: ND Target: Turbomotive Inc. (Undisclosed, CT) Business: Manufactures aircraft engine test cells Acquirer: CPI (1) (Characters Per Inch) The measurement of the density of characters per inch on tape or paper. A printer's CPI button switches character pitch. (2) (Counts Per I Holdings LLC, a subsidiary of Cash Technologies Inc. (Los Angeles) Deal Value: $1.8 million Targel: Zamel & Turbag Consulting Engineers (Al-Khobar, Saudi Arabia) Business: Provides engineering services Acquirer: 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 MEDIA Target: 2waytraffic NV (Hilversum, Netherlands) Business: Develops entertainment content for multiple platforms Acquirer: Sony Pictures Entertainment Inc. (Culver City) Deal Value: $232 million Target: AVO a·vo n. pl. a·vos See Table at currency. [Portuguese, shortened from oitavo, eighth, from Latin oct Group LLC (Denver, CO) Business: Provides digital marketing services Acquirer: The 1st Movement (Pasadena) Deal Value: ND Target: Don Best Sports a subsidiary of Skill Jam Technologies Corp. (Los Angeles) Business: Provides online gambling services Acquirer: Big Stick Media Corp. (Toronto, Canada) Deal Value: $16.7 million Target: DrinksMixer.com Business: Provides online drink recipes Acquirer: Crave Online Media LLC (Los Angeles) Deal Value: ND Target: HoopsVibe.com (Undisclosed, USA) Business: Operates a basketball news site Acquirer: Crave Online Media LLC (Los Angeles) Deal Value: ND Target: Pluck Corp. (Austin, TX) Business: Provides online social media services Acquirer: Demand Media Inc. (Santa Monica) Deal Value: ND Target: Radio One Inc. (Los Angeles) Business: A radio broadcast station Acquirer: Bonneville International Corp. (Salt Lake City, UT) Deal Value: $138 million Target: Skycastle Entertainment Inc. (Burbank) Business: Provides marketing campaign services Acquirer: NBC Universal Inc. (Universal City) Deal Value: ND Target: Studio Store Direct Inc. (Ventura) Business: Engages in direct response entertainment marketing Acquirer: Red Rock Pictures Holdings Inc. (Los Angeles) Deal Value: ND Target: Ultimate Sports Entertainment Inc. (Las Vegas, NV) Business: Publishes comic books Acquirer: American Southwest Music Distribution Inc. (Hollywood) Deal Value: ND Target: Vision Sports, HoopTV.net, MaxAthlete (Raleigh) Business: Provides online content services Acquirer: MaxxAthlete Inc. (Manhattan Beach) Deal Value: ND Target: Wall Street Fighter (Undisclosed, USA) Business: Operates a business news and financial humor Web site Acquirer: Break.com (Beverly Hills) Deal Value: ND. REAL ESTATE Target: ALARA Harbour Pointe (Mukilteo, WA) Business: Operates apartment buildings Acquirer: American Realty Advisors (Glendale) Deal Value: ND Target: AmeriCold Realty Trust (Undisclosed, TX) Business: A real estate investment trust Acquirer: The Yucaipa Cos. (Los Angeles) Deal Value: $220 million Target: Country Club Apartments (Mesquite, TX) Business: Operates apartment buildings Acquirer: Wesco Properties (Torrance) Deal Value: ND Target: Hidden Ridge Apartments (Irving, TX) Business: Operates an apartment community Acquirer: Wesco Properties (Torrance) Deal Value: ND Target: Arden Realty Inc. holdings Business: Six office buildings Acquirer: Douglas Emmett Inc. (Santa Monica) Deal Value: $610 million Target: Pinehurst Place Apartments (Mesquite, TX) Business: Apartment buildings Acquirer: Wesco Properties (Torrance) Deal Value: ND Target: Redstone Real Estate Advisors Inc. (Undisclosed, USA) Business: Provides real estate services Acquirer: 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. (Los Angeles) Deal Value: ND Target: Siegel Suites Twain II (Las Vegas, NV) Business: Apartment buildings Acquirer: Siegel Group Inc. (Studio City) Deal Value: $14.5 million TECHNOLOGY Target: Deeas Resources Inc. Business: Manufactures semiconductors Acquirer: Global Trek Xploration (Los Angeles) Deal Value: ND Target: Gilat Satellite Networks Gilat Satellite Networks is a publicly-traded Israeli company (NASDAQ: GILT. TASE) Gilat designs, develops and markets satellite and hybrid networking products, services and solutions to operators in 85 countries. Ltd. (Petah Tikva, Israel) Business: Provides satellite communication products and services Acquirer. Gores Technology Group LLC (Los Angeles) Deal Value: $475 million Target: Revver.com (Hollywood) Business: Provides online video hosting services Acquirer: LiveVideo.com (Undisclosed, DE) Deal Value: ND Target: Weblistic Inc. (Fremont) Business: Develops Internet software Acquirer: Spot Runner Inc. (Los Angeles) Deal Value: ND Target: X2 Digital Wireless Systems Inc. (Sacramento) Business: Manufactures digital wireless products Acquirer: Line 6 Inc. (Calabasas) Deal Value: ND ND = Not disclosed All data is provided by Lazard Middle Market, the middle market business for Lazard, the financial advisory and asset management firm. The firm's middle market business advises on mergers and acquisitions, public offerings, restructuring and financing to middle market businesses. Lazard Middle Market secured the data from publicly available sources, which are considered reliable. The firm can be contacted at (310)551-4111. |
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