Exhibit 99(c)(5)
Project Oak Tree
Potential Buyers Contact Summary
CONFIDENTIAL TREATMENT REQUESTED: INFORMATION FOR WHICH CONFIDENTIAL TREATMENT HAS BEEN REQUESTED IS OMITTED AND NOTED WITH “**”. AN UNREDACTED VERSION OF THIS DOCUMENT HAS BEEN SUBMITTED SEPARATELY TO THE U.S. SECURITIES AND EXCHANGE COMMISSION.
[LOGO]
Champions of Growth
January 26, 2006
Potential Buyers Contact Summary
Strategic Buyers Contact Summary – Tier I
|
| Made |
| Sent |
|
|
| NDA |
| Mgmt. |
|
|
|
Names to Contact |
| Contact |
| Teaser / NDA |
| Decline |
| Executed |
| Presentation |
| Comments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
** |
| x |
|
|
|
|
|
|
|
|
| Will hear back later this month. |
|
** |
|
|
|
|
|
|
|
|
|
|
| Hold off for now. |
|
** |
|
|
|
|
|
|
|
|
|
|
| TWP meeting on 1/24 - likely to be acquisitive |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total 3 |
| 1 |
| 0 |
| 0 |
| 0 |
| 0 |
|
|
|
Declined
|
| Made |
| Sent |
|
|
| NDA |
| Mgmt. |
|
|
|
Names to Contact |
| Contact |
| Teaser / NDA |
| Decline |
| Executed |
| Presentation |
| Comments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
** |
| x |
| x |
| x |
|
|
|
|
| Implicit decline. |
|
** |
| x |
| x |
| x |
|
|
|
|
| Familiar with Oak Tree; focused on integrating ** acquisition; “Not the right time”. |
|
** |
| x |
|
|
| x |
|
|
|
|
| Implicit decline. |
|
** |
| x |
| x |
| x |
|
|
|
|
| Getting acquired by **. |
|
** |
| x |
|
|
| x |
|
|
|
|
| Likely implicit decline - being reviewed by senior board members. |
|
** |
| x |
| x |
| x |
|
|
|
|
| Sector is generally of interest but prefer organic and other “viable” opportunities. |
|
** |
| x |
| x |
| x |
|
|
|
|
| Not interested; sector is of interest but “not the right time”. |
|
** |
| x |
|
|
| x |
|
|
|
|
| Declined; Pursuing organic initiatives. |
|
** |
| x |
| x |
| x |
|
|
|
|
| Declined. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total 9 |
| 9 |
| 6 |
| 9 |
| 0 |
| 0 |
|
|
|
** Confidential material redacted and submitted separately to the Securities and Exchange Commission.
[LOGO]
2
Potential Buyers Contact Summary
Financial Buyers Contact Summary – Tier I
|
| Made |
| Sent |
|
|
| NDA |
| Mgmt. |
|
|
|
Names to Contact |
| Contact |
| Teaser / NDA |
| Decline |
| Executed |
| Presentation |
| Comments |
|
Austin Ventures |
| x |
| x |
|
|
| x |
| x |
| Sent requested information; Will provide feedback next week |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total 1 |
| 1 |
| 1 |
| 0 |
| 1 | 0 | 1 |
|
|
|
Declined
|
| Made |
| Sent |
|
|
| NDA |
| Mgmt. |
|
|
|
Names to Contact |
| Contact |
| Teaser / NDA |
| Decline |
| Executed |
| Presentation |
| Comments |
|
** |
| x |
| x |
| x |
|
|
|
|
| Lack of scale; negative cash flow; might need additional investment. |
|
** |
| x |
| x |
| x |
|
|
|
|
| Declined; Lack of scale. |
|
** |
| x |
|
|
| x |
|
|
|
|
| Focused on early stage |
|
** |
| x |
| x |
| x |
|
|
|
|
| Declined. |
|
** |
| x |
|
|
| x |
|
|
|
|
| Declined; lack of scale. |
|
** |
| x |
| x |
| x |
|
|
|
|
| Declined; Busy integrating **. |
|
** |
| x |
| x |
| x |
|
|
|
|
| Declined. |
|
** |
| x |
| x |
| x |
|
|
|
|
| Declined; Cited lack of QoQ growth as the primary reason. |
|
** |
| x |
| x |
| x |
|
|
|
|
| Focused on early stage opportunities in the near term |
|
** |
| x |
| x |
| x |
|
|
|
|
| Subscale / negative cash flows / uncomfortable with using Oak Tree as a platform, given assumption that they’d likely need to complement with additional acquisitions. |
|
** |
| x |
| x |
| x |
| x |
| x |
| Declined; Lack of scale. |
|
** |
| x |
| x |
| x |
|
|
|
|
| Declined due to lack of scale. Take private economics are appealing only above a $40M run rate. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total 12 |
| 12 |
| 10 |
| 12 |
| 1 |
| 1 |
|
|
|
** Confidential material redacted and submitted separately to the Securities and Exchange Commission.
3
Potential Tier II Partners
Strategic Buyers
|
| Made |
| Sent |
|
|
| NDA |
| Mgmt. |
|
|
|
Names to Contact |
| Contact |
| Teaser / NDA |
| Decline |
| Executed |
| Presentation |
| Comments |
|
** |
| x |
| x |
|
|
|
|
|
|
| Sent additional product related information |
|
** |
| x |
| x |
|
|
|
|
|
|
| Initiated contact; Sent teaser. |
|
** |
|
|
|
|
|
|
|
|
|
|
| Barry Reiter to contact Chairman of Board (**). |
|
** |
| x |
|
|
|
|
|
|
|
|
| Initiated contact - on vacation till end of the month |
|
** |
| x |
|
|
|
|
|
|
|
|
| Will schedule time to discuss in greater detail. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total 5 |
| 4 |
| 2 |
| 0 |
| 0 |
| 0 |
|
|
|
Declined
|
| Made |
| Sent |
|
|
| NDA |
| Mgmt. |
|
|
|
Names to Contact |
| Contact |
| Teaser / NDA |
| Decline |
| Executed |
| Presentation |
| Comments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
|
|
|
4
** Confidential material redacted and submitted separately to the Securities and Exchange Commission.
