Optivest Foundation on OCBJ’s Private Foundations List

(As reported in the Orange County Business Journal, September 7, 2015): “…Dana Point-based Optivest Foundation is the only newcomer to the list. It made $604,058 in total contributions last year, with $302,497 of that given to Orange County charities. Optivest is ranked No. 25. It was founded in 2007 and is funded by 10% of the gross revenue of Optivest Inc., Optivest Properties LLC, and Coil Partners, according to the foundation’s website. It has invested more than $2.3 million in local and international areas since 2007.

Trish Van Mourick, who founded the Optivest Foundation with her husband, Mark, said the rise in contributions can be attributed to the Optivest companies’ increased profitability in recent years. The foundation donates mostly internationally, with some local giving, and to Christian-based causes.

‘We have multiyear projects in Rwanda, Zambia, and India, and focus on projects that will be sustainable in the future,’ Van Mourick said. ‘We are passionate about international projects because we really see our investment dollars go so much further.’ One of the current projects listed on the foundation’s website is the Freedom Climb, an annual event when women from around the world climb Mount Kilimanjaro to ‘raise global awareness, prayers, and funds for women and children who are oppressed, enslaved, exploited, and trafficked throughout the world.’ ” CLICK HERE TO READ FULL ARTICLE

Coil Partners Announces Growth Equity Financing for CVE Technology Group, Inc.

Coil Partners is pleased to announce the successful completion of a growth equity financing for its client, CVE Technology Group, Inc. ("CVE"). Acting as the Company's exclusive financial advisor, Coil was responsible for structuring, negotiating and closing the transaction.

Headquartered in Allen, Texas, CVE is an industry leading high volume provider of carriergrade repair and refurbishment solutions for smartphones and mobile devices for industry leading OEMs, wireless carriers, major retailers and resellers. CVE specializes in the repair and refurbishment of both Android and Apple smartphones for in and out of warranty repair and exchange programs, customer insurance and extended warranty claims.

Leveraging its proprietary manufacturing capabilities along with favorable industry trends, CVE has rapidly expanded its customer base, unit volumes and earnings growth and in turn, its need for growth capital.

Advising both senior management and the Company's founder and owner, Coil was successful in sourcing CVE's first institutional capital raise with Bison Capital, an industry leading private equity firm focused on minority investments in middle-market companies. The completion of this financing along with capital from its commercial lender represents a significant milestone for the Company and its senior management team and positions CVE to further pursue its expansion and sales growth objectives.

Coil Partners Announces Corporate Sale of FEX DMS to DealerSocket

Coil Partners is pleased to announce the sale of its client, Finance Express, LLC, (aka FEX DMS) to DealerSocket, an industry leading provider of business and CRM software solutions for automotive dealerships world-wide. Acting as FEX DMS' exclusive strategic and financial advisor, Coil was responsible for structuring, negotiating and closing the transaction.

Established in 2001, FEX DMS is the first and only fully integrated web-based automotive dealer management system (DMS) that includes an integrated loan-servicing platform designed exclusively for the independent car dealer market. Positioned to become the de facto industry standard business portal, FEX DMS' SaaS delivered DMS is a best-in-class end-to-end technology solution that seamlessly supports all critical dealer functions related to inventory management, loan servicing and portfolio management for "buy here pay here" dealer models, and customer-to-lender approval and electronic payment processes.

Advising both the Company's owners and senior management, Coil successfully negotiated a transaction through a parallel marketing process that included select institutional investors and strategic buyers. The completion of this transaction represents a significant milestone for both the Company and its senior management team. "We are pleased with the opportunities to more aggressively promote and distribute our best-of-industry dealer management software as part of DealerSocket," said David Huber, President and CEO of Finance Express. "Coil played a valuable role in negotiating and structuring the transaction while advising me and our team through the process." For more information about our client, visit www.fexdms.com.

Coil Partners Announces TS Restaurants Valuation Analysis and Financial Advisory Services

We are pleased to announce the successful completion of our valuation analysis and financial advisory services for the largest minority shareholder group of TS Restaurants.

TS Restaurants is comprised of 13 upscale-casual waterfront restaurants located in Hawaii and California and operate under the concept names of Duke's, Duke's Beach House, Hula Grill, Kimo's, Leilani's on the Beach, Keoki's Paradise, Jake's Del Mar, Sunnyside Restaurant and Lodge, and Sandy's Beach Grill. The TS Restaurant Companies' focus and key to their success is in their people with the spirit of Aloha.

Advising the family of the Company's late cofounder, Coil completed a valuation of TS Restaurants and related entities. The valuation and our advisory services supported the process leading to the buyout of the minority ownership interests among the family. Patty Thibaut, wife of the late co-founder Rob Thibaut, stated, "the family is really excited to move forward with the new plan. Having my children take over my shares has always been my dream. Now that they are back in the TS future, I believe everyone will benefit." The completion of this transaction represents another milestone for Coil Partners as we continue to deliver transaction based advisory services that address a range of corporate finance options including growth financings, recapitalizations, mergers & acquisitions, valuations, financial advisory and independent sponsored buyouts.

Coil Partners Announces Corporate Sale of Enerliance

Coil Partners is pleased to announce the acquisition of our client, ENERLIANCE, INC., by YARDI SYSTEMS. Acting as the Company's exclusive strategic and financial advisor, Coil was responsible for structuring, negotiating and closing the transaction.

Founded in 2005 and headquartered in Irvine, CA, ENERLIANCE is the developer of LOBOS, an intelligent HVAC optimization software solution that is revolutionizing the way comfort systems in large commercial facilities consume energy and participate in automated demand response. As the only fully integrated software solution on the market, the Company's solution improves tenant comfort as it optimizes both the air handling system and chiller plant to deliver energy efficiency (EE), automated demand response (Auto-DR) and fault detection & diagnostics (FDD).

Enerliance has earned numerous industry accolades, including being named to CIO Magazine's prestigious list of the 20 most promising utilities solutions providers for 2013. 

Advising both the Company's owners and senior management, Coil successfully negotiated a transaction that benefited from a parallel marketing process that included both institutional investors and strategic buyers. The completion of this transaction represents a significant milestone for the Company and its senior management team as they partner with Yardi Systems to scale the LOBOS platform. For more information, visit
www.enerliance.com.

Coil Partners Announces Alive Brands Acquisition of Earthbar

We are pleased to announce the acquisition of Earthbar, Inc, a specialty foods and nutritional juice bar, by our client Alive Brands, a consumer-focused private investment firm. Coil acted as the exclusive financial advisor to Alive Brands and was responsible for successfully structuring, negotiating and closing the transaction.

Earthbar was founded in 2007 by Bernie Bubman, a leading innovator in nutrition, pharmacy and health foods. Earthbar develops and delivers healthy living solutions in the form of superfood smoothies, organic cold-pressed juices, nutritional supplements, prepared food and healthy snacks. Earthbar currently operates in 13 locations throughout Los Angeles, including 10 Equinox health clubs. The Principals of Optivest and Alive Brands partnered together to structure and negotiate the acquisition of Earthbar with a plan to collaborate with Earthbar's management group to further develop the Earthbar healthy living solutions concept into a national and global brand with a large-scale retail footprint.

Alive Brands is a consumer retail-focused private equity firm founded by veteran Panda Group restaurant executive, Robert Lustig, along with Arturo Sneider, founder of Primestor Development and Ricardo Sneider, President of One World Apparel. Alive Brands seeks to leverage its domain and operating expertise by investing in and/or acquiring emerging restaurant, retail and food service brands that are not fully developed, yet represent compelling growth opportunities.

As seen in HB Magazine: February 2013

Building Wealth and Fulfilling Dreams with the help of Orange County’s “Family Office”

Huntington Beach – and Orange County as a whole – enjoys a unique mix of healthy commerce infrastructure with convenient access toa broad range of skilled labor and business services. It’s a business climate that incubates potential, and many local entrepreneurs have grown their companies into national brands. Such success eventually leads an entrepreneur to crossroads. What happens when he or she lands a huge contract for the company and needs capital to fulfill it? What happens when acquiring another company would take her business to the next level? Or when he wants to gracefully bow out of the business he has built, take his hard earned cash and move into his next major venture… or eventually, hopefully, retire?

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