Mergers & Acquisitions Report for April

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Despite a small number of transactions, the Los Angeles mergers and acquisitions market in April benefited from a pair of billion-dollar-plus deals that pushed the total value to its second highest level in eight months. Forty deals were announced, which tied March for the lowest number since the Business Journal began tracking M & A; activity in July 2005. The total value of the transactions, however, was $3.59 billion nearly three times that of March. More than half of the total came with the $1.9 billion acquisition by Farmers Group Inc., a Los Angeles subsidiary of a Swiss insurance conglomerate, of the personal auto insurance division of American International Group Inc. Also topping the $1 billion mark was the $1.36 billion merger agreement between natural gas producer Atlas Energy Resources and Atlas America Inc. Atlas Energy is a portfolio company of several investors including Kayne Anderson Capital Advisors of Los Angeles. The following is a list of deals in which the acquirer, seller or targeted business is based in Los Angeles.



BUSINESS SERVICES

Target: AIG – personal auto insurance business (New York, NY)

Business: Provides automotive insurance

services

Acquirer: Farmers Group (Los Angeles)

Deal Value: $1.9 billion

Target: Bliss & Glennon (Redondo Beach)

Business: Provides insurance products and

services

Acquirer: Fortegra Financial Corp.

(Jacksonville, FL)

Deal Value: ND

Target: En Pointe Technologies India, a

subsidiary of En Pointe Technologies

(Gardena)

Business: Provides SAP consulting

and support services

Acquirer: Allied Digital Services Ltd.

(Mumbai, India)

Deal Value: ND

Target: GKM Advisers (Los Angeles)

Business: Provides investment management services

Acquirer: First Western Investment

Management (Denver, CO)

Deal Value: ND

Target: PharmEcology Associates

(Wauwatosa, WI)

Business: Provides consulting services for

treatment of pharmaceutical hazardous waste

Acquirer: WM Healthcare Solutions (Vernon)

Deal Value: ND



CONSUMER

Target: 7 Studios (Los Angeles)

Business: Operates as a game development studio

Acquirer: Activision Blizzard (Santa Monica)

Deal Value: ND

Target: ByDesign Financial Solutions

(Los Angeles)

Business: Provides personal finance solutions

Acquirer: ClearPoint Credit Counseling

Solutions (Jonesboro, AR)

Deal Value: ND

Target: Filene’s Basement Corp.

(Burlington, MA)

Business: Owns and operates department stores

Acquirer: FB II Acquisition Corp., a subsidiary of Buxbaum Group (Agoura Hills)

Deal Value: ND

Target: Stila Corp. (Glendale)

Business: Manufactures makeup products

Acquirer: Patriarch Partners

(New York, NY)

Deal Value: ND

Target: Sundari (Los Angeles)

Business: Offers skin and body care products

Acquirer: Wellness Systems (Lafayette)

Deal Value: ND

Target: TNR Entertainment Corp., a portfolio company of several investors including Celerity Partners (Los Angeles)

Business: Owns and operates self-service DVD kiosks in supermarkets and grocery stores

Acquirer: NCR Corp. (Dayton, OH)

Deal Value: ND


ENERGY

Target: Access Energy (Tarzana)

Business: Design, develops, and produces energy from wind, sun, and the ocean

Acquirer: Undisclosed

Deal Value: ND

Target: Atlas Energy Resources, a portfolio

company of several investors including Kayne Anderson Capital Advisors (Los Angeles)

Business: Develops and produces natural gas

and oil

Acquirer: Atlas America

(Moon Township, PA)

Deal Value: $1.36 billion

Target: Bioenergy Applied Technologies

(Undisclosed, DE)

Business: Provides technologies in the areas of waste destruction, energetic materials, chemical recycling processes, and coal gasification

Acquirer: Tree Top Industries (Beverly Hills)

Deal Value: ND

Target: Placer Gold Corp. – certain assets

(Beverly Hills)

Business: Four oil and gas reserves

Acquirer: Pavilion Energy Resources

(Beverly Hills)

Deal Value: $8.25 million


FOOD

Target: Heartland Farms

(City of Industry)

Business: Manufactures and distributes fruit drinks, fluid milk, and diary products

Acquirer: Dean Foods Co. (Dallas, TX)

Deal Value: ND


HEALTH CARE

Target: BioHygiene Laboratories

(Torrance)

Business: Provides microbial testing services

Acquirer: EMSL Analytical

(Westmont, NJ)

Deal Value: ND

Target: Brotman Medical Center

(Culver City)

Business: Operates as a hospital

Acquirer: Prospect Hospital Advisory Services (Los Angeles)

Deal Value: $2.5 million

Target: Medical Resources – certain assets

(Yonkers, NY)

Business: Ten diagnostic imaging centers

Acquirer: RadNet (Los Angeles)

Deal Value: ND

Target: Memorial Maritime Clinic

(Long Beach)

Business: Operates medical centers

Acquirer: U.S. Healthworks (Valencia)

Deal Value: ND


INDUSTRIAL

Target: Alcoa – certain assets

(Pittsburgh, PA)

Business: Wire harness and electrical

distribution business

Acquirer: Platinum Equity (Beverly Hills)

Deal Value: ND

Target: Gala Properties (Los Angeles)

Business: Interest in marine transportation vessel

Acquirer: Diana Shipping (Athens, Greece)

Deal Value: ND

Target: Safe Security (San Ramon)

Business: Manufactures security alarm

equipment

Acquirer: Rustic Canyon/Fontis Partners

(Pasadena)

Deal Value: ND

Target: Southwest Water Co.

(Los Angeles) – water testing business

Business: Provides water, waste water and

public works services

Acquirer: Accutest Laboratories

(Dayton, NJ)

Deal Value: ND

Target: Viaspace – certain assets (Pasadena)

Business: Humidity sensor products business line

Acquirer: Landtec North America (Colton)

Deal Value: ND


MEDIA

Target: 310 Holdings Inc.

(Beverly Hills)

Business: A holding company for film and music distribution firms, as well as clothing line

companies

Acquirer: Management Buyout

Deal Value: ND

Target: Advertise.com

(Sherman Oaks)

Business: Operates as an online platform for search and display marketing

Acquirer: ABCSearch

(Sherman Oaks)

Deal Value: ND

Target: Endeavor Agency

(Beverly Hills)

Business: Provides talent agency services

Acquirer: William Morris Agency

(New York, NY)

Deal Value: ND

Target: Moving Images NY LLC

(New York, NY)

Business: Operates as a motion picture

processing facility

Acquirer: Point.360

(Burbank)

Deal Value: $800,000

Target: SearchMedia International Ltd.

(China)

Business: Provides advertising services

Acquirer: Ideation Acquisition Corp.

(Los Angeles)

Deal Value: $177 million

Target: Tagline Communications

(Los Angeles)

Business: Provides visual marketing services

Acquirer: Undisclosed

Deal Value: $275,000

Target: Third Coast Artists Agency

(Nashville, TN)

Business: Provides music artist registration

services

Acquirer: Paradigm Talent Agency

(Beverly Hills)

Deal Value: ND

Target: Westlake Entertainment – certain assets (Chatsworth)

Business: A film library with over 400 films

Acquirer: Osiris Entertainment

(Woodland Hills)

Deal Value: ND


TECHNOLOGY

Target: Canvas Systems

(Norcross, GA)

Business: Supplies refurbished and used

information technology equipment and systems

Acquirer: Platinum Equity

(Beverly Hills)

Deal Value: ND

Target: Common CENTS Solutions

(Ridgeland, MS)

Business: Develops nutrition management

software

Acquirer: Computrition

(Chatsworth)

Deal Value: ND

Target: DataPath, a portfolio company of

several investors including The Capital Group

(Los Angeles) and First Pacific Advisors

(Los Angeles)

Business: Designs customized satellite

communication networks

Acquirer: Rockwell Collins

(Cedar Rapids, IA)

Deal Value: $130 million

Target: Hybrid Shop Ltd.

(Hong Kong)

Business: Provides technology and software

solutions for B2B and B2C transactions

Acquirer: American Pacific Rim Commerce Group (Century City)

Deal Value: ND

Target: iSports (Venice)

Business: Provides mobile social

gaming solutions for iPhone and iPod Touch devices

Acquirer: NTN Buzztime

(Carlsbad)

Deal Value: ND

Target: Kaboose

(Toronto, Canada)

Business: Provides online marketing services

Acquirer: Disney Online

(Burbank)

Deal Value: $18.4 million

Target: Talk Motion

(Tujunga)

Business: Operates as an internet phone

service provider

Acquirer: Individual Investor

Deal Value: ND

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