M&A Deal Summary

Cordova Smart & Williams and NMS Capital Acquire H2O Plus

On June 2, 2008, private equity firms Cordova Smart & Williams and NMS Capital acquired consumer products company H2O Plus

Acquisition Highlights
  • This is Cordova Smart & Williams’ 2nd and NMS Capital’s 1st transaction in the Consumer Products sector.
  • This is Cordova Smart & Williams’ 16th and NMS Capital’s 1st transaction in the United States.
  • This is Cordova Smart & Williams’ 1st and NMS Capital’s 1st transaction in Illinois.
Investment Fate
  • H2O Plus was sold to a publicly-traded strategic buyer in 2011.

M&A Deal Summary

Date 2008-06-02
Target H2O Plus
Sector Consumer Products
Buyer(s) Cordova Smart & Williams
NMS Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

H2O Plus

Chicago, Illinois, United States
Founded in 1989, H2O Plus is a leading developer, manufacturer, and marketer of prestige, branded, water-based skincare products for the face and body. The company markets an expansive portfolio of 500 proprietary, company-owned formulations based on the principle of establishing clean, natural alternatives to the pore-clogging products pervasive in the personal care products market. Through its unique ingredient concept, H2O Plus combines “water plus” natural sea-derived nutrients and state-of–the-art technology to improve and maintain healthy and youthful-looking skin.

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Buyer(S) 2

DESCRIPTION

Cordova, Smart & Williams (CSW) is a private equity investment firm specializing in buyouts, recapitalizations, and growth capital financings of middle-market companies. CSW was formed in 2002 and is based in New York City.


DEAL STATS #
Overall 16 of 16
Sector: Consumer Products M&A 2 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 12 of 12
State: Illinois M&A 1 of 1
Country: United States M&A 16 of 16
Year: 2008 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-13 Sprint Industrial

Houston, Texas, United States

Sprint Industrial is a provider of specialized industrial rental equipment and services to blue-chip customers in the petrochemical, chemical, and downstream energy industries. Sprint’s product lines include temporary liquid and solid storage tanks for maintenance projects, as well as safety products such as gas detection and breathing air systems to protect workers and employees during maintenance jobs. Sprint Industrial was formed in 2001 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-01 Cirtec

Brooklyn Park, Minnesota, United States

Cirtec Medical is a provider of comprehensive medical product design and manufacturing solutions from concept through high-volume finished goods across all therapeutic categories. Cirtec Medical's technically-driven, 130-person team has particular expertise in minimally invasive systems, active and passive implants, and medical electronics. Cirtec Medical was founded in 1986 and is based in Brooklyn Park, Minnesota.

Sell -
Buyer

NMS Capital

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2010
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

NMS Capital is a private investment firm that specializes in strategic equity investments and leveraged buyouts. The Firm targets middle-market growth companies throughout the US. New Mainstream focuses on companies with experienced management, high operating margins, and strong cash flows. NMS Capital looks to invest $25 to $75 million in companies valued up to $150 million. The Firm will consider opportunities in a variety of sectors, however the Firm has a special interest in healthcare services, consumer products/services, and specialized business services. NMS Capital was formed in 2010 and is based in New York, New York.


DEAL STATS #
Overall 1 of 27
Sector: Consumer Products M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 5
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 26
Year: 2008 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-24 SunCrest Healthcare

Madison, Tennessee, United States

SunCrest Healthcare is a provider of multidisciplinary home health care services to the elderly. The Company operates over 90 branches across 10 states, employing more than 3,000 healthcare professionals and also provides private duty outpatient rehabilitation and hospice services in select markets.

Buy -