Dealwatch

| Print |  Email
Articles - August 2010
Wednesday, July 21, 2010
A roundup of timely transactions, mergers and big deals.
  1. Umpqua Bank has taken over Nevada Security Bank after the FDIC seized the assets of the Reno-based bank. The FDIC and Umpqua will split losses on $368.2 million of Nevada Security Bank’s loans and other assets, and Umpqua will acquire Nevada Security’s California-based Silverado Bank. Umpqua has taken over four failing banks since 2009.
  2. As of early July, corporate raider and billionaire Carl Icahn had built his ownership stake in Hillsboro-based Mentor Graphics to nearly 12%, worth roughly $86.4 million. Icahn’s rapid investments have put Mentor on the defense — the board recently adopted a “poison pill” meant to prevent any unwanted takeover. Icahn is infamous for forcing underperforming companies to restructure.
  3. New York-based private equity group Warburg Pincus has agreed to invest up to $50 million in Portland-based Home Dialysis Plus. Home Dialysis makes a portable system that gives patients a gentler alternative to traditional, lengthy dialysis treatments. The company plans to manufacture the device in Oregon.
  4. San Jose-based Solexant has secured a $41.5 million Series C round of financing, which will fund the construction of a commercial-scale factory in Gresham. Solexant is also seeking a $25 million loan from the Oregon Department of Energy. Solexant specializes in thin-film solar technology, which competes with the silicon technology used by SolarWorld, which empoys 500 in Hillsboro.
  5. Hillsboro-based ClearEdge Power has reached a three-year $40 million agreement with LS Industrial Systems to distribute 800 hydrogen-powered fuel cells throughout Korea. ClearEdge expects to double its workforce to 300 by the end of the year. Each fuel cell can generate enough electricity to power a small business or a large residence.
JESSICA HOCH
 

More Articles

College Hacker

September 2014
Wednesday, August 27, 2014
BY KLINT FINLEY

Treehouse CEO Ryan Carson builds a 21st-century trade school.


Read more...

Podcast: Interview with Pete Friedes

Contributed Blogs
Wednesday, August 27, 2014

082714-thumb friedesbookTom Cox interviews Pete Friedes, author of "The 2R Manager," about becoming a Best Boss.


Read more...

Report Card

September 2014
Tuesday, August 26, 2014

Strong public schools shore up the economy, survey respondents say. But local schools demonstrate lackluster performance.


Read more...

Podcast: Interview with Steve Balzac

Contributed Blogs
Tuesday, August 19, 2014

082014BalzacBY TOM COX | OB BLOGGER

Tom Cox interviews Steve Balzac, author of "Organizational Psychology for Managers."


Read more...

Gender Code

September 2014
Tuesday, August 26, 2014
BY COURTNEY SHERWOOD

Janice Levenhagen-Seeley reprograms tech.


Read more...

Private liberal arts education: superior outcomes, competitive price

Contributed Blogs
Tuesday, August 26, 2014
0826 thumb collegemoneyBY DEBRA RINGOLD | OP-ED CONTRIBUTOR

Why has six years become an acceptable investment in public undergraduate education that over-promises and underperforms?


Read more...

The Alchemist

September 2014
Tuesday, August 26, 2014
BY LINDA BAKER

David Howitt explains why Portland consumer brands like Stumptown and Voodoo Doughnuts are taking the world by storm.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS