Investment Banking >>> Transaction Opinions CLIENT TRANSACTION SMTEK International, Inc. (NASDAQ: SMTI) Provider of electronic manufacturing services Location: California Announced an agreement to be acquired by CTS Corporation (NYSE: CTS) Good Times Entertainment (GT Brands, LLC) Developer and marketer of branded consumer, lifestyle and entertainment products Location: New York Completed a recapitalization transaction Songbird Hearing, Inc. Developer and manufacturer of hearing aids Location: New Jersey Completed the sale of newly issued class of preferred stock of Songbird Hearing, Inc. to an investor group Souper Salad, Inc. All-you-can-eat restaurant chain Location: Texas Completed a recapitalization transaction Vornado Operating Company Leases and operates real estate properties Location: New York Acquired by an affiliate of Vornado Realty Trust MILPI Holdings, Inc. Equipment leasing and real estate Location: Connecticut 100% of AFG Investment Trust C's and AFG Investment Trust D's membership interests in MILPI Holdings LLC were acquired by PLM MILPI Holdings LLC Broadwing Corporation (NASDAQ: BWNG) (name changed from Corvis Corporation (NASDAQ: CORV)) Provider of telecommunications services Location: Maryland Acquired Focal Communications Corporation Alcide Corporation (NASDAQ: ALCD) Developer and marketer of biocidal and sanitation products for the dairy, meat and poultry industries Location: Washington Completed a merger with Ecolab Incorporated (NYSE: ECL) Herbalife, Ltd. (NYSE: HLF) Marketer of weight management, nutritional supplement and personal care products Location: California Completed a recapitalization transaction SeraCare Life Sciences, Inc. (NASDAQ: SRLS) Developer of biopharmaceutical and diagnostic products Location: California Acquired substantially all of the assets of Boston Biomedica, Inc. Unified Financial Services, Inc. Provider of mutual fund servicing, trust and retirement, and investment advisory services Location: Kentucky Completed a going private transaction Bucyrus International, Inc. (NASDAQ: BUCY) Manufacturer of electric mining shovels, blasthole drills and walking draglines for the surface mining industry Location: Wisconsin Completed certain affiliate transactions prior to completing an initial public offering of stock Miami Corporation Private investment firm Location: Illinois Completed a recapitalization transaction to transition to a one-class voting structure NIBCO, Inc. Manufacturer of flow control products to customers in the residential and commercial construction, industrial and irrigation markets Location: Indiana Completed a recapitalization transaction to transition to a one-class voting structure PLM Equipment Growth Fund (I, II, and IV) Liquidating Trusts Equipment leasing funds Location: California Sold to Cypress Tankcar Leasing III, LLC The GSI Group, Inc. Manufacturer and supplier of agricultural equipment and services Location: Illinois Completed the repurchase of a minority interest of the Company from a senior executive Juno Lighting, Inc. Manufacturer of lighting and other fixtures Location: Illinois Completed a recapitalization transaction Semele Group Inc. (OTC Bulletin Board: VSLF.PK) Real estate and financial services company Location: Connecticut Completed a going private transaction Isco, Inc. (NASDAQ: ISKO) Manufacturer of advanced industrial equipment Location: Nebraska Completed a merger with Teledyne Technologies, Inc. (NYSE: TDY) Methode Electronics, Inc. (NASDAQ: METH) Manufacturer of electronic component and subsystem devices for OEMs Location: Illinois Completed a recapitalization transaction to transition to a one-class voting structure Georgeson Shareholder Communications Inc. Provider of security holder solicitation and response services Location: New York Completed a merger with Computershare Ltd. (ASX: CPU) Critical Path, Inc. (NASDAQ: CPTH) Provider of digital communications software and services for messaging and identity management Location: California Completed a recapitalization transaction American Financial Corporation (AMEX: AFI-J) Underwriter of property and casualty insurance and the sale of retirement annuities, life, and supplemental health insurance products Location: Ohio Completed a merger with American Financial Group, Inc. InfraSource, Incorporated (an indirect majority-owned subsidiary of Exelon Corporation) (NYSE: EXC) National infrastructure services provider Location: Pennsylvania Completed the sale of the company's electric construction and services, underground, and telecom businesses to GFI Energy Ventures, LLC and Oaktree Capital Management, LLC Rubicon Medical, Inc. (OTC Bulletin Board: RMDC) Developer and manufacturer of medical devices Location: Utah Received a $15 million investment from Boston Scientific Corporation (NYSE: BSX) Corvis Corporation (NASDAQ: CORV) Manufacturer of high performance all-optical and electrical/optical communications systems Location: Maryland Acquired substantially all of the assets of Broadwing Communications, Inc. Simmons Company Manufacturer and distributor of premium branded bedding products Location: Georgia Acquired Sleep Country USA, a portfolio company of Fenway Partners, Inc. Furst-McNess Company Agricultural nutrition company serving dairy, beef, and swine producers Location: Illinois Completed a tender offer to repurchase a certain number of shares of the Company's outstanding common stock Illuminations.com, Inc. Candle and home decorating retailer Location: California Completed a recapitalization transaction GenStar Therapeutics Corporation (AMEX: GNT) Biopharmaceutical company which provides gene therapy products Location: California Completed a merger with privately held Vascular Genetics Inc. TCSI Corporation (NASDAQ: TCSI) Provider of communications network management software Location: California Sold to Rocket Software, Inc. Pak Mail Centers of America, Inc. (OTC Bulletin Board: PMCX) Franchises retail service centers that specialize in shipping and packaging Location: Colorado Completed a going private transaction Successories, Inc. (OTC Bulletin Board: SCES) Manufacturer of motivational and recognition products Location: Illinois Completed a going private transaction Moai Technologies, Inc. Provider of E-sourcing solutions Location: California Completed a merger with Medebiz, Inc. National Home Centers, Inc. (NASDAQ: NHCI) Distributor of building materials Location: Arkansas Completed a going private transaction PetSmart.com, Inc. Online and catalog operator of pet related products Location: California Sold to PetSmart, Inc. TeraGlobal Communications Corporation (NASDAQ: TGCM) Provider of communications networking software Location: California Completed a going private transaction RockShox, Inc. (OTC: RSHX) Developer of high performance mountain bike suspension products Location: Colorado Sold to SRAM Corporation PhyAmerica Physician Services, Inc. (OTC: ERDR) Physician staffing and management services to hospitals Location: North Carolina Completed a going private transaction Luminent, Inc. (NASDAQ: LMNE) Single-mode fiber optic hardware manufacturer Location: California Completed a merger with MRV Communications, Inc. (NASDAQ: MRVC) Eagle Point Software Corporation (NASDAQ: EGPT) Software Location: Iowa Completed a going private transaction Public Storage (NYSE: PSA) REIT Location: California Acquired PS Insurance Company Chart House Enterprises, Inc. (OTC: CHTD) Full service restaurants Location: Illinois Convertible preferred stock rights offering Worldweb.net Software Location: Washington, DC Sold to Starbase Corporation (NASDAQ: SBAS) Corrections Corporation of America Owns and manages private prisons Location: Tennessee Completed a corporate restructuring transaction IZ.com E-mail marketing Location: Texas Completed a management buyout of IZ.com, a subsidiary of PopMail.com (OTC: POPM) PRT Group Inc. (now enherent Corporation - OTC: ENHT) Information technology services Location: New Jersey PRT issued $8 million in convertible preferred stock Diodes, Inc. (NASDAQ: DIOD) Discrete semiconductor manufacturer Location: California Acquired Fabtech Glenborough Realty Trust (NYSE: GLB) REIT Location: California Acquired an operating subsidiary New Energy Corporation Ethanol production Location: Indiana Buyout of related minority interest shareholder Peregrine Real Estate Trust (d.b.a. WinShip Properties) (OTC: PGRNS) Real estate holding company Location: California Completed a going private transaction Vermont Pure Springs (AMEX: VPS) Bottled water distributor Location: Vermont Acquired Crystal Rock, Inc. West Capital Financial Services Corp. Collection of defaulted credit card receivables Location: California Sold to MCM Capital Group Unimed Pharmaceuticals, Inc. (NASDAQ: UMED) Therapeutic pharmaceutical company in the areas of endocrinology, urology, HIV and other infectious diseases. Location: Illinois Sold to Solvay Pharmceuticals (OTC: SVYSY ADR)