M&A Monday

Here are some potential M&A ideas, rumored or official, to jumpstart your deal pipeline. Our sources are various news reports and the Buyouts “Seeking Buyers” list. For prior lists, see below.

The CEO of Jumptap Inc., a mobile advertising company which competes with the recently acquired Quattro Wireless, said it “has been approached by potential buyers and is open to being acquired if the price is right.” The company is not actively seeking a buyer.

Sierra Geothermal Power Corp. continues to explore strategic alternatives that include a sale of the company and equity financings amid a proxy war with a “concerned shareholder.” Sierra is a renewable energy company focused on the exploration and development of clean, sustainable geothermal power based in Vancouver, British Columbia and listed on the TSX Venture Exchange.

Phoenix Technologies, a software company based in California, hired GrowthPoint Technology Partners to “explore strategic alternatives” for its FailSafe, HyperSpace and eSupport businesses.

ATW Gold Corp. has, through its advisor Haywood securities, entered into confidentiality agreements with several parties and expects that others will be added in due course. ATW and its advisers expect to complete the first phase of the process by the end of January. The company is based in Vancouver and listed on the TSX stock exchange.

GMAC, after posting a $5 billion loss, will continue to look at strategic alternatives for “various other businesses” and its mortgage assets.

Good Times Restaurants, a Nasdaq-traded company based in Colorado, hired Mastodon Ventures, Inc. to provide strategic advisory services and explore other strategic alternatives for the company.
LiveDeal, Inc., a Nasdawq-listed, a provider of web-based customer acquisition services for small businesses and Internet Yellow Pages directory services, appointed Kevin A. Hall as its interim Chief Operating Officer while it explores strategic alternatives.

Prism Medical, an Ontario-based medical device company, last year appointed Raymond James & Associates Inc. as financial advisor. It has now engaged its special committee to review and assist the board concerning strategic alternatives for increasing shareholder liquidity and value.

Citigroup has denied reports that it is in talks to sell indebted music publisher EMI Group PLC, owned by Terra Firma Capital Partners.

Nigerian Eagle Airlines, is planning to raise at least $185 million through a private placement. The fundraise follows the restructuring of the company’s ownership after Virgin Airlines decided it will sell its 49% stake.

Bankrupt California-based furniture maker Oakwood Interiors will liquidate its assets. (Read more)
iCrossing, a digital-marketing firm, hired Bank of America to explore strategic options after Hearst Corp. placed an unsolicited bid for the company.

Scripps Networks Interactive is seeking a buyer for London-based energy-focused price comparison site uSwitch.com.

UK Women’s clothing retailer New Look, owned by Apax and Permira, is seeking buyers in a dual track process for taking it public.

Benchmark Energy Corp. based in Calgary has settle an outstanding lawsuit and is in the midst of seeking strategic alternatives.

UK asset-based lender Davenham is seeking buyers for parts of its business.

Canadian Canwest Global Communications Corp. is seeking buyers for its newspaper publishing unit.

Bankrupt Glencraft, a UK bedding manufacturing company, is seeking buyers.

Grocery story operator Supervalu is seeking buyers for its four remaining Albertsons stores in Tooele, Kearns and West Jordan.

Bankrupt Ski Market, an athletic gear retailer based in Boston, seeks buyers.

See All Prior Lists Here