Dealwatch- March 2011

| Print |  Email
Articles - March 2011
Wednesday, March 02, 2011

  1. Cascade Bancorp has closed a deal to bring in $177 million in new capital. Cascade Bancorp is the parent of Bank of the Cascades, which operates 20 branches in Oregon. Investors included David Bolger, Leonard Green & Partners, Lightyear Capital and WL Ross & Co. Regulators had ordered Cascade Bancorp to raise new capital after the collapse of the central Oregon housing market resulted in losses.
  2. Seattle-based Todd Shipyards has announced a five-year deal with the U.S. Navy worth up to $80 million to provide dry-docking of ships visiting the Puget Sound area or home-ported at the Everett Naval Station. On Feb. 15, Portland shipbuilder Vigor Industrial completed its acquisition of Todd Shipyards in a $130 million cash deal. The combined company is the largest marine services company in the Pacific Northwest.
  3. Comcast agreed to pay up to $23 million to settle a class-action lawsuit that alleged the company improperly violated Oregon laws governing disclosure requirements and the frequency of late-fee charges. The company denied wrongdoing. As many as 500,000 Oregon subscribers who paid a late fee between July 15, 2003 and Nov. 22, 2010, stand to benefit at a rate of $16 per $6 charge.
  4. Beaverton-based Digimarc said it bought back more than 7% of its outstanding shares for about $15 million. With the purchase, made with cash on hand, the watermarking technology developer reduced outstanding shares to under 7 million.
  5. The Port of Portland has transferred management of its Terminal 6 to a Philippines-based company that intends to double Portland’s shipping container volume within five years. A 25-year lease began on Feb. 12 with International Container Terminal Services, which operates at 21 marine terminals in 15 countries. ICTSI agreed last May to an initial $8 million payment and will pay an annual rent of $4.5 million to the Port.
COREY PAUL
 

More Articles

The Health Guru

May 2015
Monday, April 27, 2015
BY LINDA BAKER

Mohan Nair channels a visionary.


Read more...

It's a Man's Man's Man's World

May 2015
Friday, April 24, 2015
BY AMY MILSHTEIN

Male tech workers speak out on the industry's gender troubles.


Read more...

Downtime with the director of Barley's Angels

May 2015
Monday, April 27, 2015
BY JACOB PALMER

Live, Work, Play with Christine Jump.


Read more...

Footloose

April 2015
Friday, March 27, 2015
BY LINDA BAKER

Founded 12 years ago, Keen Inc. likes to push the envelope, starting with the debut of the “Newport” closed toe sandal in 2003. Since then, the company has opened a factory on Swan Island and a sleek new headquarters in the Pearl District. The brand’s newest offering, UNEEK, is a sandal made from two woven cords and not much more.


Read more...

Energy Stream

May 2015
Monday, April 27, 2015
BY LINDA BAKER

Oregon already ranks as the nation’s second largest generator of hydroelectric power. (Washington is No. 1). Now an elegant new installation in Portland is putting an unconventional, sharing economy twist on this age-old water-energy pairing. The new system, launched this winter, uses the flow of water inside city water pipes to spin four turbines that produce electricity for Portland General Electric customers. 


Read more...

5 highlights from the Angel Oregon Showcase

The Latest
Thursday, April 23, 2015
IMG 5069BY JACOB PALMER | DIGITAL NEWS EDITOR

The entrepreneurial spirit was alive and well at the Oregon Angel showcase, an annual event for angel investors and early stage entrepreneurs.


Read more...

Beyond Bodegas

April 2015
Friday, March 27, 2015
BY JACOB PALMER

Five years in the making, the Portland Mercado — the city’s first Latino public market — will celebrate its grand opening April 11. A $3.5 million public-private partnership spearheaded by Hacienda CDC, the market will house 15 to 20 businesses in the food, retail and service sectors. It has some big-name funders, including the Paul G. Allen Family Foundation and JPMorgan Chase. The project goals are equally ambitious: to improve cross-cultural understanding, alleviate poverty and spur community economic development. 


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