Done Deals, week of Aug. 4, 2008

Clear Channel Communications Inc. (NYSE: CCU)

Acquirer:

CC Media Holdings Inc. (corporation created by Thomas H. Lee Partners and Bain Capital Partners)

Rank Value: $25.9B

Target Description: Owns and operates about 900 radio stations and 1 million billboards.

Notes: Deal was almost two years in the making. In November 2006, in the midst of the buyout boom, THL and Bain agreed to buy Clear Channel for $39.20 per share. After six banks balked at funding the deal, THL and Bain filed suit to force them to fund it. The buyout firms, Clear Channel and the lenders struck a deal in May to settle the litigation and lower the deal price to $36 per share. Clear Channel was scheduled to cease trading on the NYSE at market close on July 30.

Gemcom Software International Inc.

Acquirer:

Gemcom Software International Inc. SPV (corporation formed by Carlyle Group LLC, JMI Equity and Pala Investments Holdings Ltd.)

Rank Value: $150.4M

Target Description: Develops technical mining software.

Notes: Deal was originally announced in May, with Carlyle and JMI agreeing to pay 2.90 Canadian dollars per share. Pala, Gemcom’s largest shareholder, balked at that price, so Carlyle and JMI upped the price to 3.05 Canadian dollars per share, and Pala agreed to participate in the take-private transaction.

Stolle Machinery Co. LLC

Acquirer:

GSO Capital Partners LP (a unit of Blackstone Group)

Rank Value: n/a

Target Description: Provider of equipment, aftermarket parts and services used in the production of beverage and food cans.

Notes: Stolle was previously owned by mid-market buyout shop Littlejohn & Co.

Loyalty Ventures Inc.

Acquirer:

General Atlantic LLC’s Webloyalty.com Inc. unit.

Rank Value: n/a

Target Description: Develops direct marketing software for e-commerce merchants.

Milwaukee Gear Co.

Acquirer: High Road Capital Partners

Rank Value: n/a

Target Description: Makes precision gears and drives, as well as spur and helical gears and pinions.

Traffic Solutions Inc.

Acquirer:

Marwit Capital Corp.

Rank Value: n/a

Target Description: Provides traffic control and safety services.

Redcats USA LP-Missy Group

Acquirer:

Monomoy Capital Partners LLC

Rank Value: n/a

Target Description: Provides e-commerce retail services.

HealthDrive Corp.

Acquirer:

Riverside Partners LLC and HealthDrive’s management.

Rank Value: n/a

Target Description: Provides on-site health care services to residents of extended care facilities.

Oisiw Ltd.

Acquirer:

SigmaBleyzer’s Volia Cable unit.

Rank Value: n/a

Target Description: A special purpose investment vehicle that makes capital expenditures to improve telecommunications and media infrastructure in Ukraine.

Source: Compiled by Eamon Beltran and Lawrence Aragon from Thomson Reuters data and PE Week reporting. Deals are disclosed transactions from July 23 to July 30, 2008.