M&A Deal Summary

Smith & Nephew Acquires Anabi Oil

On April 25, 2012, Smith & Nephew acquired energy services and equipment company Anabi Oil from CVF Capital Partners and HCAP Partners

Acquisition Highlights
  • This is Smith & Nephew’s 1st transaction in the Energy Services and Equipment sector.
  • This is Smith & Nephew’s 9th transaction in the United States.
  • This is Smith & Nephew’s 4th transaction in California.

M&A Deal Summary
Date 2012-04-25
Target Anabi Oil
Sector Energy Services and Equipment
Buyer(s) Smith & Nephew
Sellers(s) CVF Capital Partners
HCAP Partners
Deal Type Add-on Acquisition

Target

Anabi Oil

Upland, California, United States
Anabi Oil Corporation and its affiliates operate as a diversified distributor, retailer, and owner of motor gasoline products and properties throughout California. Beginning in 1991 with a single property in Baldwin Park, CA, the Company now carries various interests in one hundred twenty (120) properties throughout California.

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Buyer(S) 1

Buyer

Smith & Nephew

Watford, United Kingdom
Category Company
Founded 1856
Sector Medical Products
Employees18,452
Revenue 5.5B USD (2023)
DESCRIPTION

Smith & Nephew is a British-based multinational medical equipment manufacturing company. Smith & Nephew was founded in 1856 and is based in Watford, United Kingdom.

DEAL STATS #
Overall 14 of 34
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 12 of 25
State (California) 4 of 6
Country (United States) 9 of 21
Year (2012) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-25 LifeModeler

San Clemente, California, United States

LifeModeler, Inc “LMI” is a provider of state of the art software solutions for predictive human motion to commercial, research institutions, and universities around the world.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-08 Kalypto Medical

Mendota Heights, Minnesota, United States

Kalypto Medical, Inc. is a manufacturer of the NPD 1000, a portable, ambulatory Negative Pressure Wound Therapy (NPWT) system.

Buy -

Seller(S) 2

SELLER

CVF Capital Partners

Davis, California, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2005
Size Small
Type Sector Agnostic
DESCRIPTION

CVF Capital Partners is a private investment firm created to provide growth capital for small to mid-sized businesses located in the California Central Valley. CVF looks to commit $3 to $15 million of capital in the form of mezzanine debt to companies with revenues of 5 million, and at least $1 million of cash-flow. CVF funds are generally used to support business expansions, acquisitions, or to refinance. CVF was formed by the principals of Gael Partners. CVF Capital Partners was founded in 2005 and is based in Davis, California.

DEAL STATS #
Overall 5 of 17
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 2 of 10
State (California) 4 of 12
Country (United States) 5 of 17
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-01 EndoCenter Partners

Los Altos, California, United States

Founded in 1997, EndoCenter Partners partners with physicians to design, develop, and manage state-of-the-art ambulatory surgical centers located principally in California's Central Valley, Central Coast, and San Francisco Bay area. These centers primarily focus on the Endoscopy and Ophthalmology specialties. The company's goal is to combine the benefits of physician ownership with the advantages of shared management services, thereby enhancing the delivery of patient care while also providing for operating efficiencies.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-19 Fulfillment Of America

Beaverton, Oregon, United States

Fulfillment Corp. Of America provides fulfillment, logistics, and digital deployment services with regional and national consumer products, financial services, and healthcare businesses. Fulfillment Corp. Of America was founded in 1979 and is based in Beaverton, Oregon.

Buy -
SELLER

HCAP Partners

La Jolla, California, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2000
PE ASSETS 320M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Huntington Capital is a mezzanine finance firm that provides both debt and equity financing to established, lower middle-market companies throughout California and the Southwest US. The Firm targets growth companies with positive cash flow, diversified customers, defensible market positions, and experienced management. The Firm looks to invest $2 to $15 million in companies generating revenues of $10 to $100 million. Areas of interest include manufacturing, services, healthcare, software, homeland security, retail, and information technology. Prospective transaction situations include buyouts, acquisitions, recapitalizations, and growth capital financings. Huntington Capital was formed in 2000 and is based in San Diego, California.

DEAL STATS #
Overall 10 of 32
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 6 of 17
State (California) 9 of 21
Country (United States) 10 of 32
Year (2012) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-25 LifeModeler

San Clemente, California, United States

LifeModeler, Inc “LMI” is a provider of state of the art software solutions for predictive human motion to commercial, research institutions, and universities around the world.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-25 CognitiveTPG

Chicago, Illinois, United States

CognitiveTPG is a provider of high-performance point-of-sale transaction and barcode printers to the retail, banking, self-service kiosk, healthcare, hospitality, automotive service, and manufacturing/ logistics sectors. CognitiveTPG is based in Chicago, Illinois.

Buy -
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