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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 & Co.

Target: Biomet Inc., Warsaw Reconstructive surgery 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*--$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 and psoriasis inflammatory diseases

4 Windrose Medical Properties--$383 million

Acquirer: Health Care 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 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 Inc., Hammond Commercial bank

8 First National Bank & Trust--$290 million

Acquirer: Bank of Montreal, 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 (formerly SJL 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 Television stations and newspapers

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

12 Banjo Corp.--$183 million

Acquirer: IDEX 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 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, 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 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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