 |
| COMPANY |
DEAL TYPE |
STATUS |
|
 |
Growth capital |
Unrealized |
Elemetric LLC is developing the commercial applications
of the clinical-reaction control and manipulation methods
proposed in the Quantum Physics Model and as expanded
in a recent patent. GCAP funded the company’s late-stage
R&D and is actively assisting the company to commercialize
its proprietary technologies. |
|
 |
Growth capital |
Unrealized |
GCAP has assisted the company to raise Series A funding
and actively advises the company to execute its growth plan.
Helios Coatings, Inc. is the only producer of a proprietary,
environmentally-safe, coating process for use as an alternative
to the toxic and carcinogenic metallic and chrome coating in
the automotive industry and other commercial applications.
The patented process is low-cost and provides long-life resistance
against corrosion without affecting the structural integrity of the
underlying wheel and other parts.
|
|
 |
Growth capital |
Unrealized |
GCAP is the lead investor of Series A funding and advisor
to the company. Agricultural Waste Solutions, Inc.
manufactures proprietary waste-to-energy systems
solving the waste problem of the animal-producing
industry. The system creates high volumes of pipeline
quality gas for onsite use or sale while removing 98%
of the solids from animal manure and combusts it with
the lowest NOX and SOX measurements in the industry.
GCAP is actively engaged in helping the company to
execute its growth strategy.
|
|
 |
Growth capital |
Acquired |
Beamhit produces laser-based marksmanship training systems ("LMTS"). The company's patented LMTS consists of lasers, electro-optic sensors and Windows compatible software. An eye-safe laser fitted to the barrel of a firearm generates a milli-second pulse whenever the trigger is pulled. LMTS users receive immediate feedback from a laser-based target. The LMTS provides marksmanship training on real weapons that is profitable safe and pollution free. G.C. Andersen Partners’ investment provided working capital to finance a dramatic increase in orders from the U.S. Army Reserve and National Guard. In May 2004 the Company was sold to L-3 Communications.
|
|
 |
Management buyout |
Unrealized |
City Brewing is a leading producer and packager of quality beverages under contract for leading independent beverage marketers including Diageo, Mike’s Hard Lemonade and Arizona Iced tea, among others. G.C. Andersen Partners assisted management in buying the assets of City Brewing from a trustee in a bankruptcy like context. G.C. Andersen Partners, through its close working relationship with management, helped devise and implement a business plan that grew revenues and operating cash flow from essentially zero to approximately $60 million in sales and $6.3 million in EBITDA in four years. With sales projections of almost $65 million and EBITDA of $9 million for fiscal 2006, City Brewery has quickly become one of the largest contract brewers and bottlers of beverages in the United States. |
|
|
Growth capital |
Recapitalization |
(Formally known as Compost America) Compost
America had a proprietary technology for handling source
separated waste material, particularly municipal waste,
via composting. The Company's goal was to build a nationwide
network of facilities. Andersen Partners arranged a $30
million private placement and at the time of its investment.
Compost Partners LLC was formed to invest in the Company.
The financing proceeds were used to make a large waste-handling
acquisition. Ultimately management's vision exceeded
its ability to execute. Andersen Partners retained a
work-out specialist who eventually became CEO. A restructuring
was accomplished involving the sale of part of the business.
In the restructuring, Andersen Partners investors received
$1.4 million and retained their preferred stock and common
stock. New management has renamed the company Phoenix
Waste Services (PXWS), improved the balance sheet, and
made two acquisitions in the waste-hauling business. |
|
|
Growth capital |
IPO completed in August 2000 |
(MCEL-NASDAQ) Millennium Cell is engaged in the business of developing innovative fuel systems for the safe storage, transportation and generation of hydrogen for use as an energy source. Prior to G.C. Andersen Partners’ investment, the Company was not focused on a commercially viable “end game.” Andersen Partners helped management redirect its strategy and develop a business plan based on achieving specific development milestones. G.C. Andersen Partners assembled a blue chip Board of Directors, created a scientific board of advisors, assisted in forming strategic joint ventures, raised additional capital through a private placement and arranged and negotiated with underwriters to get the company public through an IPO. G.C. Andersen Partners has continued to remain involved with the Company since the IPO. Chris Andersen is presently serving as Chairman of the Board and Jim Rawlings is serving as a Director and Chairman of the Compensation Committee. |
|
| Norbank |
Leveraged acquisition |
Sold in management-led buyout |
Andersen Partners and investors,
including Latin American bankers from Barings, purchased
control of Banco Regionale del Norte, a Peruvian
commercial bank. The strategy was to create a Latin
American merchant bank and to combine US capital markets
expertise with local contacts. After the acquisition,
Andersen Partners wanted to pursue debt reduction
because the holding company had 85 percent leverage.
Management wanted to pursue an expansion strategy
instead. The resolution of the different strategies was
the purchase of Andersen Partners’ position by a
management led investor group in December 1998 and
January 1999. |
|
 |
Growth capital |
Unrealized |
(PKCY-OTC BB) Park City Group, Inc. (formerly Fields Technologies) is a provider of software and services to the retail industry. Its patented software automates managerial and administrative tasks. Andersen Partners invested $1.75 million to help Park City launch new and upgraded products, including Fresh Market Manager, which supports the preparation and merchandising of perishable products. Andersen Partners bought a note which was subsequently exchanged for shares and warrants. |
|
 |
Interim growth capital |
Company repurchased notes |
Q-zar,
a Canadian public company, owned and operated game centers
in the US, UK and Canada. Q-zar was growing rapidly and
had high capital requirements. Andersen Partners, together
with a large bank, provided interim growth capital which
was to be refunded upon any subsequent financing. The
financing was structured to be relatively short term
and secure with upside participation. With this endorsement,
a larger private placement was shortly completed and
Andersen Partners notes were retired as planned. |
|
 |
Growth capital |
Unrealized |
Andersen Partners initiated the transaction and sponsored
Risk Solutions International’s (“RSI”)
formation. RSI provides consulting services and
solutions that help organizations prepare for and
manage their operational risks. Through a full range
of business continuity, emergency response, compliance,
incident and crisis management, investigative services
and security and supply chain management services, RSI
provides clients with world class solutions and thought
leadership for assessing, mitigating and managing the
impact of their operational risk. Prior to founding RSI,
most of the Company’s founders held senior management
positions in the risk consulting practice of Marsh Inc.
Steve Maloney, an entrepreneur with public company CEO
experience, partnered with these professionals and was
the catalyst to the formation of the Company. Andersen
Partners initiated the transaction and formation of RSI
by developing a flexible transaction structure that was
attractive to all of the constituents to the transaction.
Since becoming partners, Andersen Partners has been active
in providing strategic and operational direction at the
management and Board level and in introducing RSI to
potential joint venture partners and clients.
|
|
 |
Growth capital |
Unrealized |
SkyFuel
designs, develops, owns and operates utility scale solar
thermal power plants using concentrating solar power
(CSP). SkyFuel
uses both the market standard parabolic trough arrays
and its proprietary Linear Power Tower™ systems
to produce steam for electricity generation and other
applications such as desalination and waste water treatment.
Andersen Partners is actively engaged in helping the
Company to execute its growth strategy. Andersen
Partners funded the Series A Preferred
round and is currently
raising additional capital. |
|
 |
Growth capital |
Restructured providing partial liquidity |
Andersen Partners arranged and
invested in a $48.8 million private placement in
Sorrento. Other major investors included United
Pan-Europe Communications and Telecom Ventures. Sorrento
supplies intelligent optical networking products for
metropolitan and regional applications worldwide. The
private placement was a precursor to a planned IPO. The
IPO was not completed and the Company is suffering from
the overall decline in the market for telecom equipment.
Sorrento was recently sold creating liquidity for the
investors. |
|
Telecom Partners I
Telecom Partners II |
Growth capital
Growth capital |
Acquired in June 2000 |
Andersen Partners teamed up with a
strong U.S. management team and local investors to form
a Latin American CLEC. Telamco's strategy was to obtain
licenses and pursue a unique fiber laying strategy to
serve data transfer markets, principally in Buenos Aires
and Monterey, Mexico. This was a low cost way to enter
deregulating telecom markets. A second financing,
Telecom Partners II, was subsequently completed.
Eventually, a strategic partner was brought in as both
an investor and the company’s largest customer. As a
result of Telamco's early success, the strategic partner
bought Andersen Partners position. |
|
 |
Growth capital |
Acquired in June 2000 |
Zip is the first and only
independent payphone company in India. Its goal is to
build a telecommunications/
advertising/computing/internet business centered on a
smart LCD equipped payphone. It is applying technology
to deregulating telecom markets in a low cost strategy.
Subsequent to Andersen Partners investment, the Company
has raised $20.5 million in additional
capital. |
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