Deal Flow: Investment banking roundup for 4.8.11

Welcome to DealFlow, a new monthly BizSense data section tracking all the recent deals (IPOs, M&A or capital raises) that local firms — investment banks, private equity, venture capital, etc. — had a hand in. DealFlow also highlights local businesses that have raised capital on their own or been party to a merger or acquisition.

To make sure your deal is included in the monthly round-up, email [email protected].

Harris Williams & Co.

Harris Williams & Co. acted as exclusive advisor to Encore Discovery Solutions in its sale to Kansas City-based Epiq Systems Inc. Encore is a portfolio company of the Chicago-based Frontenac Company. Glenn Gurtcheff from Harris Williams’ Minneapolis office, and John Arendale, Brian Lucas and Lanre Osinusi from the firm’s Richmond office worked the deal.

Transaction value: $100 million

Transaction announced: April 6

 

BB&T Capital Markets

BB&T Capital Markets served as the exclusive financial advisor to ATK Vege  in the sale of the company to LKQ Corp. Texas-based ATK is an engine remanufacturer. LKQ is a provider of automotive aftermarket and recycled collision replacement parts. Rex Green and Jonathan Carey from BB&T’s Automotive Aftermarket Investment Banking Group worked the deal.

Transaction value: not disclosed

Transaction announced: March 22

 

BB&T Capital Markets represented Rikko International, doing business as Dr. Comfort in its sale to DJO Global. Dr. Comfort is a Wisconsin-based therapeutic footwear maker.

Transaction value: $254.6 million cash

Transaction announced:  March 15

 

Wunderlich Securities

Wunderlich’s local office served as co-manager in five public offerings over the last month including:

Imperial Finance & Trading – a $179 million IPO

Nuveen Energy MLP Total Return Fund – a $487 million IPO

Cushing MLP Total Return Fund – a $60 million follow-on offering

Linn Energy, LLC – a $620 million follow-on offering

EV Energy Partners – a $133 million follow-on offering

Clayton Jones and Michael Mendelson, managing directors in Wunderlich’s Richmond-based investment banking group, worked the deals.

 

ClearPoint

ClearPoint Credit Counseling Solutions entered into a merger agreement with Consumer Credit Counseling Service of Central New York. The deal must received regulatory approval. CCCS will assume the name ClearPoint Credit Counseling Solutions and will have a presence in 12 states.

Transaction announced: April 6

Financial terms: Not disclosed

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

 

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