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

Proceed with caution

June 2014
Thursday, May 29, 2014
0614leadersBY COURTNEY SHERWOOD

Business and civic leaders weigh the risks and rewards of going green.


Read more...

EPA Standards: A breath of fresh air for the region

News
Thursday, June 12, 2014
EPABY ANDREA DURBIN | OB GUEST BLOGGER

Last week, the Obama administration took an important and welcomed step in the effort to protect the health and well-being of all Oregonians by limiting carbon pollution from existing power plants.


Read more...

Who said we should sell in May?

Contributed Blogs
Friday, July 18, 2014
BullMarketBY JASON NORRIS | OB GUEST CONTRIBUTOR

Back in May, we shared a common Wall Street quote about investing, “Sell in May and go away.” Fast forward to July and the most common question we have been getting from clients is, “When is the market pullback going to occur?”


Read more...

What I'm Reading

June 2014
Thursday, May 29, 2014

The CEO of Axiom EPM, Peri Pierone, and the co-founder of McMenamins, Mike McMenamin, share their recent reads.


Read more...

Oregon Business wins awards

News
Monday, June 30, 2014

ASBPEOregon Business magazine won two silver awards for excellence in writing in the National American Society of Business Publication Editors Western region competition.


Read more...

OB Video: Oregon MESA

News
Thursday, June 26, 2014

ThumbOregon Business hosts an informal roundtable discussion about the Oregon MESA (Mathematics, Engineering, Science Achievement) program.


Read more...

Powerlist: Credit Unions

June 2014
Thursday, May 29, 2014
BY KIM MOORE

A conversation about credit unions with the CEOs of Advantis Credit Union and OSU Federal Credit Union, followed by June's Powerlist.


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