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Mergers & acquisitions report: April 2008.

By Deacon, Mitch
Publication: Los Angeles Business Journal
Date: Monday, May 26 2008

Leveraged buyouts in Los Angeles remained steady in April despite the ongoing credit crunch. Compared to April of last year, the number of mergers and acquisitions rose from 63 to 68, while the total value of deals fell 6 percent to $4.39 billion from $4.68 billion. One notable transaction accounted

for nearly one third of all M&A activity in April. That was the $1.4 billion merger of Chicago-based CCC Information Services with Mitchell International Inc., a San Diego-based company that is partly owned by L.A. private equity firm Aurora Capital Group. Known as CCC-Mitchell Inc., the combined enterprise will be a leading provider of workflow management systems and integrated software to insurance companies and collision repair facilities. In another notable transaction, Perini Corp., a general contractor in Framingham, Mass., signed a definite merger agreement to acquire privately-held civil construction company Tutor-Saliba Corp. in Sylmar. The all-stock deal was valued at $862 million.

BUSINESS SERVICES

Target: Airship Surveillance Inc. (Las Vegas, NV)

Business: Operates unmanned airships

Acquirer: WENR Corp. (Los Angeles)

Deal Value: ND

Target: Aloha Airlines Inc.-Contract Services (Honolulu, HI)

Business: Provides baggage handling, aircraft cleaning, and ticketing services

Acquirer: Pacific Air Cargo (Los Angeles)

Deal Value: $2.05 million

Target: Analytic Consulting Group (Atlanta, GA)

Business: Provides consulting services

Acquirer: MarketShare Partners Inc. (Los Angeles)

Deal Value: ND

Target: California investment Annuity Sales Inc. (Marina Del Rey)

Business: Issues securities for qualified retirement plans

Acquirer: National Investment Managers Inc. (Dublin, Ohio)

Deal Value: $2.38 million

Target: CBE Technologies Inc. (Boston, MA)

Business: Provides information technology and telecom services

Acquirer: Gores Technology Group LLC (Los Angeles)

Deal Value: ND

Target: DTS Digital Images Inc. (Burbank)

Business: Provides digital image restoration services

Acquirer: Reliance Big Entertainment Ltd. (Mumbai, India)

Deal Value: $7.5 million

Target: Hi-Tech Rubber, a portfolio company of Century Park Capital Partners Inc. (Los Angeles)

Business: Provides outsourcing solutions to medical and technology OEMs

Acquirer: Parker Hannifin Corp. (Cleveland, OH)

Deal Value: ND

Target: IAG Research Inc., a portfolio company of several private equity groups including Mapleton Investments (Los Angeles)

Business: Operates a television ratings company

Acquirer: The Nielsen Company B.V. (Netherlands)

Deal Value: $225 million

Target: Looney Bins Inc. (Pacomia)

Business: Provides roll-off containers

Acquirer: Waste Management Inc. (Houston, TX)

Deal Value: ND

Target: Melanie Paykos Design Inc. (Los Angeles)

Business: Operates an advertising agency

Acquirer: Two West Inc. (Kansas City, MO)

Deal Value: ND

Target: Mercer Advisors Inc. (Scottsdale, AZ)

Business: Provides financial advisory services

Acquirer: Lowell Minnick Partners LLC (El Segundo)

Deal Value: ND

Target: Mitchell International Inc., a portfolio company of Aurora Capital Group (Los Angeles)

Business: Provides performance management solutions

Acquirer: CCC Information Services Inc. (Chicago, IL)

Deal Value: $1.4 billion

Target: Nouveau Model and Talent (La Jolla)

Business: Operates as a full service talent agency

Acquirer: Feris International Inc. (West Hollywood)

Deal Value: ND

Target: PRC LLC-Call Center (Undisclosed, WV)

Business: Operates a call center

Acquirer: DirecTV Group Inc. (El Segundo)

Deal Value: ND

Target: Regency Club Pte Ltd. (Singapore)

Business: Promotes of hotels and resorts

Acquirer: Regency Property Group Inc. (Torrance)

Deal Value: ND

Target: Totten Sims Hubicki Associates (Whitby, Canada)

Business: Provides infrastructure and environmental management engineering services

Acquirer: Aecom Technology Corp. (Los Angeles)

Deal Value: ND

Target: Umbria Inc. (Boulder, CO)

Business: Provides marketing services

Acquirer: JD Power & Associates Inc. (Westlake Village)

Deal Value: ND

Target: Wire One Communications Inc., a portfolio company of Gores Group LLC (Los Angeles)

Business: Provides videoconferencing services

Acquirer: BT Conferencing Inc. (London, UK)

Deal Value: ND

Target: WTC Wicht Technologie (Munich, Germany)

Business: Provides market research services

Acquirer: iSuppli Corp. (El Segundo)

Deal Value: ND

CONSUMER

Target: 180 Connect Inc. (Woodbury, CO)

Business: Provides home entertainment installation services

Acquirer: DirecTV Group Inc. (El Segundo)

Deal Value: $105 million

Target: All Pro Networks (Mundelein, IL)

Business: Provides computer sales and repair services

Acquirer: IMAGE Worldwide Inc. (Redondo Beach)

Deal Value: ND

Target: Apocalypse Clothing Co. (Los Angeles)

Business: Designs men's and women's apparel

Acquirer: Real American Brands Inc. (Los Angeles)

Deal Value: ND

Target: Credit Union Of Southern California (Whittier)

Business: Provides financial services

Acquirer: Visterra Credit Union (Moreno Valley)

Deal Value: ND

Target: FTD Group Inc. (Downers Grove, IL)

Business: Provides floral services

Acquirer: United Online Inc. (Woodland Hills)

Deal Value: $456 million

Target: Garden Art International, a subsidiary of ValleyCrest Companies (Calabasas)

Business: Produces decorative containers and planter boxes

Acquirer: Jardinier Corp. (Fountain Valley)

Deal Value: ND

Target: Hoop Retail Stores LLC (Secaucus, NJ)

Business: Retails apparel and accessories for children

Acquirer: Walt Disney Co. (Burbank)

Deal Value: $55 million

Target: VocalEnvision Inc. (Los Angeles)

Business: Develops travel cell phone services

Acquirer: Tourizoom Inc. (Marina del Rey)

Deal Value: ND

Target: Woodridge Labs Inc. (Panorama City)

Business: Develops personal care products

Acquirer: Nextera Enterprises Inc. (Van Nuys)

Deal Value: ND

ENERGY

Target: New Millennium Power Inc. (Laguna Niguel)

Business: Designs and installs solar energy systems

Acquirer: PermaCity Solar Inc. (Los Angeles)

Deal Value: ND

FOOD

Target: HerbThyme Farms Inc. (Compton)

Business: Produce herbs and spices

Acquirer: GreenLine Foods Inc. (Bowling Green, OH)

Deal Value: ND

Target: Winevin International Inc. (Nevada)

Business: Produces beverage products

Acquirer: Veridigm Inc. (Pacific Palisades)

Deal Value: ND

HEALTH CARE

Target: Empire Optical Inc. (North Hollywood)

Business: Manufactures ophthalmic products

Acquirer: Essilor of America Inc. (St Pertersburg, TX)

Deal Value: ND

Target: Shimoda Biotech (Pty) Ltd. (Port Elizabeth, South Africa)

Business: Develops biopharmaceutical products

Acquirer: Abraxis BioScience Inc. (Los Angeles)

Deal Value: $15 million

Target: Sirtris Pharmaceuticals Inc., a subsidiary of several investors including Alexandria Real Estate Equities Inc.

(Pasadena, CA)

Business: Develops drugs to treat diseases associated with aging

Acquirer: SmithKline Beecham Corp. (Philadelphia, PA)

Deal Value: $720 million

Target: Southern Plains Medical Center (Chickasha, OK)

Business: Operates a medical center

Acquirer: Tri-Isthmus Group Inc. (Los Angeles)

Deal Value: ND

Target: Tenet California Inc.-Hospitals (Los Angeles)

Business: Two hospitals

Acquirer: University of Southern California (Los Angeles)

Deal Value: ND

INDUSTRIAL

Target: Automotive Importing-Certain Assets (Rancho Cordova)

Business: Supplies new and remanufactured alternators and starters to the automotive industry

Acquirer: Motorcar Parts of America Inc. (Torrance)

Deal Value: ND

Target: Blue Microphones (Westlake Village)

Business: Manufactures microphones

Acquirer: Transom Capital Group (Los Angeles)

Deal Value: ND

Target: Consolidated Precision Products (Pomona)

Business: Manufactures steel and aluminum

Acquirer: Arlington Capital Partners LP (Washington, DC)

Deal Value: ND

Target: DM Label Group (Taipei-Hsien, Taiwan)

Business: Manufactures woven labels

Acquirer: Avery Dennison Corp. (Pasadena)

Deal Value: ND

Target: Dynamic Metals International LLC (Bristol, CT)

Business: Distributes steel and metal alloys

Acquirer: Reliance Steel & Aluminum Co. (Los Angeles)

Deal Value: ND

Target: Stake in Ford Motor Co. (Dearborn, MI)

Business: Manufactures automobiles

Acquirer: Tracinda Corp. (Beverly Hills)

Deal Value: $170 million

Target: Saturn Fasteners Inc. (Burbank)

Business: Manufactures fasteners for the aerospace industry

Acquirer: Acument Global Technologies LLC (Troy, MI)

Deal Value: ND

Target: Silver State Materials LLC (Las Vegas, NV)

Business: Produces ready-mix concrete

Acquirer: California Portland Cement Co. (Glendora)

Deal Value: ND

Target: Tarrant Apparel Group (Los Angeles)

Business: Manufactures clothing

Acquirer: Executive Group

Deal Value: $25.635 million

Target: Tutor-Saliba Corp. (Sylmar)

Business: Building contractor

Acquirer: Perini Corp. (Framingham, MA)

Deal Value: $862 million

Target: Vishay Electronic Motion Systems Ltd. (Undisclosed, UK)

Business: Manufactures compressor power modules

Acquirer: Gores Technology Group LLC (Los Angeles)

Deal Value: ND

MEDIA

Target: 51 Minds Entertainment LLC (Los Angeles)

Business: Produces reality FV programs

Acquirer: Endemol USA Inc. (Los Angeles)

Deal Value: ND

Target: DF Concerts Ltd. (Glasgow, UK)

Business: Provides live event management services

Acquirer: Gaiety Holdings Ltd., a subsidiary of Live Nation Inc. (Beverly Hills)

Deal Value: ND

Target: Elephant Entertainment LLC (Minneapolis, MN)

Business: Publishes game and entertainment content

Acquirer: THQ Inc. (Agoura Hills)

Deal Value: ND

Target: FitDay.com, HighDefForums.com, HighDefDigest.com, AVRev.com and Vetlnfo.com (Various)

Business: Online content and leisure Web sites

Acquirer: Internet Brands Inc. (El Segundo)

Deal Value: ND

Target: Idolator (New York, NY)

Business: Operates an online music blog

Acquirer: Buzznet Inc. (Hollywood)

Deal Value: ND

Target: iPorn.com (Beverly Hills)

Business: Operates an adult entertainment Web site

Acquirer: AdultVest Inc. (Beverly Hills)

Deal Value: ND

Target: Koders Inc. (Santa Monica)

Business: Provides search engine source code services

Acquirer: Black Duck Software Inc. (Waltham, MA)

Deal Value: ND

Target: Nevada New Media Advertising Inc., a portfolio company of EFT BioTech Holdings Inc. (Los Angeles)

Business: Operates an online game and advertising network

Acquirer: OnSite Network Inc. (Chicago, IL)

Deal Value: ND

Target: PlanetOut Inc.-Publishing Unit (CA)

Business: Provides Web-based media services

Acquirer: Regent Releasing LLC (Los Angeles)

Deal Value: $6 million

Target: Skee TV (Los Angeles)

Business: Provides online entertainment services

Acquirer: Fortune Market Media Inc. (Woodland Hills)

Deal Value: ND

Target: Stereogum (Undisclosed, NY)

Business: Provides information retrieval services

Acquirer: Buzznet inc. (Hollywood)

Deal Value: ND

Target: TheFashionSpot LLC (Los Angeles)

Business: Operates a fashion community Web site

Acquirer: AtomicOnline LLC (Los Angeles)

Deal Value: ND

TECHNOLOGY

Target: 5DTV Greenarrow-Occasional Use (Ottawa, Canada)

Business: Provides satellite bandwidth services

Acquirer: SPAGECONNECTION Inc. (Burbank)

Deal Value: ND

Target: Asia-Pacific Insure/90 Insurer Systems Business (El Segundo)

Business: Develops legacy processing software for the insurance industry

Acquirer: SSP Holdings plc (Halifax, UK)

Deal Value: ND

Target: Gamestar Ltd. (Shanghai, China)

Business: Develops video games software

Acquirer: Disney Interactive Studios Inc. (Glendale)

Deal Value: ND

Target: Incuity Software Inc., a portfolio company of Palomar Ventures (Santa Monica)

Business: Supplies business intelligence software for manufacturers

Acquirer: Rockwell Automation Inc. (Milwaukee, Wl)

Deal Value: ND

Target: NetManage Inc., a portfolio company of Riley Investment Management LLC (Los Angeles)

Business: Develops connectivity software

Acquirer: Micro Focus (US) Inc. (Rockville, MD)

Deal Value: $73.3 million

Target: Packeteer Inc., a portfolio company of Chapman Capital LLC (Manhattan Beach)

Business: Provides wide-area network application delivery systems

Acquirer: Blue Coat Systems Inc. (Sunnyvale)

Deal Value: $268 million

Target: Primarion Inc. (Torrance)

Business: Manufactures digital power integrated circuits

Acquirer: Infineon Technologies AG (Neubiberg, Germany)

Deal Value: ND

Target: Relevantis Inc. (Kirkland, WA)

Business: Develops internet advertising software

Acquirer: Adstar Inc. (Marina del Rey)

Deal Value: ND