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DealFlow: Investment banking roundup for 7.15.11

Michael Schwartz July 15, 2011 0

Wunderlich Securities
Wunderlich’s Richmond office provided investment banking services to Globus Maritime Ltd. in its follow-on public offering of 2.75 million shares at $8 per share. Mike Mendelson and Clayton Jones from Wunderlich’s Richmond office worked the deal.
Transaction value: approximately $22 million
Transaction announced: June 30

Stone & Youngberg
Stone & Youngberg closed a bond issue for the Mosaic District Community Development Authority in Fairfax County, Va. The bonds will finance the infrastructure for a $500 million, two million-square-foot mixed-use project. Stone & Youngberg’s John Markowitz and Ken Powell worked the deal.
Transaction value: $66 million
Transaction announced: June 13

Cary Street Partners
Cary Street Partners served as exclusive placement agent to locally-based Recast Energ in its private placement of equity securities. The offering was managed by Tom Tullidge and Dylan Erdle from the firm’s Richmond office.
Transaction value: $12 million
Transaction announced: June 1

BB&T Capital Markets
BB&T Capital Markets served as financial advisor to Clearview Capital on its acquisition of Pyramid Healthcare. Michael Weber, Nick Konstantinou, James Gilmore and Daniel Bacon from BBTCM’s’ Healthcare Investment Banking Group in Richmond worked the deal.
Transaction value: not disclosed
Transaction announced: July 14

BBTCM served as joint book-running manager of Fidus Investment Corporation’s IPO of 4.67 million shares at $15 per share. G. Jacob Savage III, Daniel Pake, David Wojdyla, Alexander Spotts and Seth Berman from BBTCM’s Financial Services Group in Richmond worked the deal.
Transaction value: $70.05 million
Transaction announced: July 6

Gladstone Commercial Corporation’s follow-on offering of 1.2 million shares at $17.55 per share was handled by G. Jacob Savage III, Daniel L. Pake, David M. Wojdyla, Alexander D. Spotts, and Daniel Bacon from BBTCM’s Richmond office.
Transaction value: $20.06 million
Transaction announced: June 27

BBTCM was the exclusive financial advisor to Fru-Con Construction, a division of Bilfinger Berger SE, in its sale to Balfour Beatty. Ryan Mitchell and Nicole Guarella worked the deal for BBTCM’s Commercial & Industrial Investment Banking Group in Richmond.
Transaction value: not disclosed
Transaction announced: June 23

BBTCM was the exclusive financial advisor to Midasco in its sale to ImesAPI of Spain. Ryan Mitchell, Jonathan Brabrand and Jeffrey Kidd from the firm’s Commercial & Industrial Group worked the deal from Richmond.
Transaction value: not disclosed
Transaction announced: June 22

Harris Williams & Co.
Harris Williams & Co. Harris Williams & Co. acted as the exclusive advisor to Webmedx in its sale Nuance Communications. The transaction was executed by Cheairs Porter, Geoff Smith, and Dusty Lieb from Harris Williams’ Healthcare & Life Sciences Group, with assistance from Sam Hendler from the firm’s Technology, Telecom & Digital Media Group.
Transaction value: not disclosed
Transaction announced: July 14

Harris Williams acted as the exclusive financial advisor to FFR Holding Corp. as it was acquired by Olympus Partners. John Neuner, Chris Williams, Brent Spiller and Chip Duggins worked the deal from the firm’s Richmond office.
Transaction value: not disclosed
Transaction announced: July 12

Harris Williams & Co. advised Philadelphia Gear Corp. in its sale to Timken Gears & Services. The transaction was led by Jon Nemo from Harris Williams’ Aerospace, Defense & Government Services Group, as well as Tiff Armstrong, Matt White and Matt McLain from the firm’s Energy & Power Group.
Transaction value: $200 million
Transaction announced: July 6

Harris Williams advised Alco Manufacturing in its sale to Blue Point Capital Partners. Glenn Gurtcheff, Tim Alexander, Jeff Cleveland and Brant Cash from the firm’s Minneapolis office handled the deal.
Transaction value: not disclosed
Transaction announced: June 29

Harris Williams advised Manatron in its pending sale to Thomson Reuters. Garin Arevian and Rahul Swani are working the deal from Harris Williams’ Boston office.
Transaction value: not disclosed
Transaction announced: June 16

ClearPoint Credit Counseling Solutions
Richmond-based non-profit ClearPoint has completed its merger with Consumer Credit Counseling Service of Central New York. ClearPoint is the surviving entity. As a result of the merger, ClearPoint has expanded its branch presence to 12 states.
Transaction value: not disclosed
Transaction closed: July 1

Markel Ventures
The investment arm of the local insurer acquired Richmond-based PartnerMD, an executive health company.
Transaction value: not disclosed
Transaction announced: July 14

To make sure your deal is included in the monthly section, please email michael@richmondbizsense.com.

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