DealFlow: Investment banking round-up for 12.13.11

Stone & Youngberg
Stone & Youngberg, a local division of Stifel Nicolaus, closed a bond issue for the Washington, D.C. City Market at O Street Project. The project is planned for 80,000 square of retail, 400 apartments, 182-room Cambria Suite hotel, 84-unit senior housing building, 145-unit condominium building and an underground parking garage. Ken Powell, Nate Betnun and John Markowitz worked the deal for Stone & Youngberg.
Transaction value: $38.65 million
Transaction date: Nov. 17

Harris Williams & Co.
Harris Williams was exclusive advisor to Crisis Prevention Institute, Inc. in its sale to Brockway Moran & Partners. Ned Valentine, Derek Lewis, John Arendale and Karl Kirkeby led the deal for Harris Williams.
Transaction value: not disclosed
Transaction date: Nov. 18

HW&C acted as lead advisor to Unifrax in its sale to American Securities. The transaction was led by Chris Williams, John Neuner, John Arendale, Brent Spiller and Matt McLain from the firm’s Richmond office.
Transaction value: not disclosed
Transaction date: Nov. 28

HW&C acted as the exclusive advisor to Niagara LaSalle Corp. as it was acquired by Optima Specialty Steel. Mike Hogan, Ned Valentine, John Arendale, Dave Kennedy and Doug Kinard worked the deal from Richmond.
Transaction value: not disclosed
Transaction date: Dec. 5

Scott & Stringfellow
Scott & Stringfellow served as the exclusive financial advisor to Virginia Savings Bancorp on its sale to City Holding Company. G. Jacob Savage III, David M. Wojdyla, Alexander D. Spotts, and Seth A. Berman worked the deal.
Transaction value: $13.5 million
Transaction announced: Nov. 14

Boxwood Partners
Boxwood advised locally based Dorsey Wright & Associates as it was acquired by Falfurrias Capital Partners.
Transaction value: not disclosed
Transaction date: Nov. 15

BB&T Capital Markets
BB&T Capital Markets served as financial advisor to Senior Care Centers of America on its acquisition of Active Day, Inc. Michael J. Weber, Nick S. Konstantinou, Phillip R. Knotts, and Baiyin Zhou worked the deal.
Transaction value: not disclosed
Transaction date: Nov. 2

BBTCM was exclusive financial advisor to Sagus International on its sale to HNI Corp. Matthew B. Gilman, Jonathan A. Brabrand, Sean M. Kelley, and Seth A. Berman worked the deal.
Transaction value: not disclosed
Transaction date: Nov. 14

BBTCM was co-manager of Gladstone Capital Corp.’s 7.125 percent Series 2016 Term Preferred Stock Offering. It offered 1.53 million shares at $25 each. G. Jacob Savage III, Daniel L. Pake, Alexander D. Spotts, and Bernardo D. Villar worked the deal.
Transaction value: $38.5 million
Transaction date: Nov. 30

BB&T Capital Markets | Windsor Group was the exclusive advisor to XL Associates in its strategic equity partnership with The Halifax Group. John Hagan, Lee Priest, Greg Woodford, Jon Clark, Norm Bishop, Sam Maness, and Greg Nossaman worked the deal.
Transaction value: not disclosed
Transaction date: Nov. 21

MeadWestvaco
The Richmond paper and packaging giant announced a deal to spin off its office supply business and merge it with Illinois competitor Acco Brands. The deal is expected to close in the first half of 2012. Barclays Capital is financial adviser to ACCO on the deal.
Transaction value: $860 million
Transaction announced: Nov. 17

Markel Corp.
The Richmond-based insurer announced a deal to acquire THOMCO, a privately held Georgia-based insurance broker.
Transaction value: not disclosed
Transaction announced: Dec. 7

Michael Schwartz is a BizSense reporter and covers M&A in Richmond. Please send news tips and deal info to [email protected]

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