DealFlow: Investment Banking roundup for 2.11.11

Welcome to DealFlow, a new monthly BizSense data section tracking all the recent deals that local firms — investment banks, private equity, venture capital, etc. — had a hand in.

Whether it was brokering a capital raise, advising on an IPO or helping close an M&A deal, DealFlow will highlight all the action that Richmond firms are involved in each month.

To make sure your deal is included in the monthly round-up, email [email protected] We’re not sold on the name of this section, so feel free to weigh in. We’re also considering Deal Talk, The Deal Train, The Closers, Deal Stream, Full Disclosure and Deal Book.

Harris Williams & Co.

Harris Williams served as adviser to Peacock Engineering Company in its sale to Charlesbank Capital Partners. Peacock, a food packaging company, was previously a portfolio company of New York-based Behrman Capital. The transaction was led by Hiter Harris, Bob Baltimore, David Kennedy and Chris Burnham from Harris Williams’s Richmond office.
Terms were not disclosed.
Deal announced Jan. 5

Harris Williams & Co. was involved in an M&A deal between Touchstone Wireless Repair and Logistics LP in sale to Brightpoint Inc. Harris Williams was the financial adviser to Pennsylvania-based Touchstone, which was previously a portfolio company of Striker Partners, a privately held investment firm. The transaction was led by Harris Williams’s Jeff Bistrong, Derek Swaim, Sam Hendler, and Priyanka Naithani from the  from the firm’s Technology, Telecom & Digital Media Group in Boston. Publicly traded Brigthpoint is based in Indiana.
Deal announced: Jan. 6

In an investment deal between TriTech Software Systems and Friedman, Fleischer & Lowe, Harris Williams served as exclusive financial adviser to TriTech. In the deal, FFL, a $2.5 billion San Francisco-based private equity firm, acquired shares of TriTech from several of its shareholders. From its Boston and San Francisco offices, Harris Williams’s Jeff Bistrong, Jim Reinhart, Eric Reimers and Eric Kim led the deal.
Deal announced: Jan. 6

Harris Williams helped broker the sale of the St. John Companies to buyer Precision Dynamics Corp. Todd Morris and Andy Dixon worked the deal from Harris Williams’s San Francisco office as adviser to St. John. The combined firms are in the patient safety identification and health-care labeling business and are expected to bring in almost $200 million in revenue. Precision Dynamics is a portfolio company of Water Street Healthcare Partners, a Chicago-based private equity firm.
Financial terms not disclosed.
Deal announced:  Jan. 5

Wunderlich Securities

Wunderlich’s local office helped US Net Lease Holdings LLC secure financing for the construction of 85 Family Dollar retail stores. Michael Mendelson and Clayton Jones worked the deal for Wunderlich. Local firms John B. Levy & Company and Rogers Realty Advisors also advised on the deal. US Net, a Charlotte-based real estate developer, received the funding from a large publicly traded retail real estate investment trust.
Financial terms not disclosed.
Deal announced: Jan. 26

Wunderlich acted as a placement agent for the pre-IPO capital raise conducted by Ironstone Resources Ltd., a Canadian mining company. Jones and Mendelson from the Wunderlich Richmond office worked the deal.
Terms not disclosed
Deal announced: early January

BB&T Capital Markets

BB&T Capital Markets served as co-manager on the $123.3 million IPO of Medley Capital Corp. New York-based Medley sold 10.3 million shares at $12 per share in its IPO. BB&TCM’s Financial Services Group worked the deal.

BB&T Capital Markets served as a lead manager for a $250 million bond offering by SCANA Corp.’s subsidiary, South Carolina Electric & Power Company.
Deal announced: Jan. 20

The firm was co-manager for a $500 million issuance of notes by Raleigh-based Progress Energy.
Deal announced: Jan. 18

BB&T Capital Markets served as a co-manager for a $150 million issuance of notes by Columbus McKinnon Corp. in New York.
Deal announced: Jan. 11

BB&T Capital Markets served as a co-manager on a $500 million note offering by Missouri-based O’Reilly Automotive Inc.
Deal announced: Jan. 11

BB&T Capital Markets served as a co-manager for a $187.5 million debt offering by Florida-based Dycom Investments.
Deal announced: Jan. 11

Michael Schwartz is a BizSense editor. Please send news tips to [email protected]

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