Transactions

Visa International completes a $250 million medium term note offering

Preview System (Nasdaq:PRVW) completes a $100 million initial public offering

New Era of Networks (Nasdaq:NEON) acquires Convoy Software in a $50 million stock transaction

RSA Security (Nasdaq:RSAS) acquires Securant Technology Inc in a $140 million cash transaction

First American Corp (NYSE:FAF) acquires Bar None Inc in a $35 million cash and debt transaction

infoUSA (NASDAQ: IUSA) acquires Donnelly Marketing in a $200 million cash transaction

STEDIM, S.A. (Marseilles, Fr.) acquires Integrated Bio systems, Inc. (Napa, Ca.) in a $48 million cash transaction

MDU Resources (NASDAQ: MDU) acquires Morse Brothers Inc. in a $93 million cash and stock transaction

The transactions above include transactions managed by the principals prior to the formation of Ashwood Management Partners, LLC