Transactions

aina

Aina Koa Pono

‘Āina Koa Pono – a Hawai‘i-based, locally owned biofuels company was established more  than three years ago to produce sustainable, locally grown and processed liquid fuel for power generation and transportation.

‘Āina Koa Pono is aimed at cracking dependence on fossil fuels by using a microwave process to compress to 50 minutes the millions of years it takes nature to convert biomass into crude oil. The biofuel is a “drop-in” fuel that has the same properties as fossil fuel and can produce electricity or be refined for vehicle fuel. ‘Āina Koa Pono has secured the rights for its technology for Hawaii and the Asia-Pacific Region from Sustainable Biofuel Solutions (www.biofuels-solutions.com).


Visit Aina Koa Pono’s website.

aloha-petroleum

Aloha Petroleum

Sennet Capital was instrumental in advising on the creation of a multi-million dollar sale-leaseback transaction for creation of a new retail site on Maui for Aloha Petroleum, which will operate a convenience store and retail fuel products outlet adjacent to a new Foodland supermarket there.  The resulting transaction provided the operator with a custom built-to-suit facility while providing the investor with solid returns and a low-risk transaction structure that achieves the long-term needs of the investment.


Visit Aloha Petroleum’s website.

anthology

Anthology

Anthology Marketing Group is the largest integrated marketing services firm based in Hawaii and among the leading such firms in the western U.S. Its four marketing disciplines –advertising, public relations, interactive and market research – represent capitalized billings in excess of $90 million and 130 employees in Honolulu, Seattle and the Bay Area. AMG was created through the acquisition of Starr Seigle Communications, Inc. by McNeil Wilson Communications, Inc. and its sister company Laird Christianson Advertising, Inc.

Sennet Capital acted as intermediary, structuring and brokering a deal in which the best aspects of each party were preserved, while helping to create a new entity which has far surpassed the potential of each entity operating separately. In bringing the parties together, Sennet Capital furnished not only structuring and analytical advice, but also served as a trusted facilitator, working with the parties and their respective partner groups to find mutually acceptable resolutions to concerns and issues in order to bring the transaction to a harmonious conclusion, illustrating Sennet Capital’s approach of bringing more than financial, technical and transactional expertise to its clients by providing hands-on personal involvement to address real issues real-time.

In addition to advisory services, Sennet Capital assisted the Anthology principals by providing financial analysis, financing support, and working with a tax consultant to determine optimum tax strategies. Significantly, Anthology management has stated publicly that the deal would not have been consummated had it not been for Sennet’s role.


Visit Anthology Marketing Group’s website.

broadband

Broadband iTV (BBiTV)

Broadband iTV (BBiTV) developed innovative Web-to-Cable TV applications in 2003 – 2005, including the first-in-the nation TVClassifieds system on Honolulu’s Oceanic Time Warner Cable. In July 2004, BBiTV filed the first in a series of patents encapsulating various core BBiTV video-on-demand innovations. In 2006, the company shifted focus to a strategy of intellectual property development and licensing through the expansion and strengthening of its patent portfolio.

The patent portfolio development effort has resulted in 13 patents awarded to BBiTV in seven countries: U.S. (5) Australia (2) , Canada, China, Japan, Korea, and Singapore (2). With the securing of these key IP assets, BBiTV has embarked on a plan to monetize the patent portfolio:

- The portfolio development efforts continue, in order to increase the opportunities for infringement, with an additional 14 U.S. and international patents now pending;

- An additional intellectual property law firm has been added to the prosecution team to strengthen our patent examination responses, and additional resources have been allocated to accelerate the patent examinations through increased direct contact and negotiation with the patent examiners.  These efforts have resulted in two new patents being awarded in December, 2014.;

- Research and documentation of infringement of BBiTV intellectual property in the U.S. cable and digital television industries is ongoing;

- A patent enforcement firm experienced in U.S. and international patent licensing was engaged to develop and execute an IP licensing program targeting the digital television operators;

- An experienced patent infringement litigation law firm was engaged to conduct the infringement legal action; and

- The first patent licensing and enforcement effort has been initiated against digital television operators.


Visit Broadband iTV’s website.

growers

Growers Secret

Grower’s Secret was founded in the Hawaiian Islands in 1989 while producing edible mushrooms for the fresh market.

It took 10 years to perfect Grower’s Secret’s complex production process, and an additional 4 years of rigorous applied research to a variety of crops to validate the results.

Grower’s Secret is used in organic farming and agriculture and called a plant growth enhancer. Grower’s Secret signals a plant’s internal system to operate more efficiently.

It has been shown to encourage plants to grow up to 30% larger, with more marketable fruit and reduced growing cycles.

“Everything we do we believe we can improve people’s lives and repair the earth. The way we improve people’s lives and repair the earth is by applying  one of the greatest scientific discoveries of our age.

We just happen to use our discovery to make great fertilizer”.


Visit Growers Secret’s website.

hoike

Hoike Technology / Century Computers

Sennet Capital facilitated the merger between Hoike Technology and Century Computers. Hoike Technology is an information technology services firm which is part of Island Holdings, a diversified corporation with $500 million in assets, including Island Insurance Company, Ltd., the largest minority-owned insurance company in the U.S., which has been in Hawaii for almost 70 years.

Century Computers, Inc., is also an information technology services company that provides a range of business services to companies throughout the state in areas of networking support services, data center and server management, document managment and scanning services, IT training support and other IT business solutions.

hoku

Hoku Solar

Hoku Solar, a Hoku Scientific Company, installed Photovoltaic Energy Systems at seven Hawaii Department of Transportation facilities in order to reduce electrical consumption at these sites. Over their 20-year lifetime, the solar power systems are expected to produce more than 24 million kilowatt-hours of clean solar power and off-set more than 12,000 tons of carbon dioxide emissions. Sennet Capital arranged the financing and helped structure the deal.

innovasc

Innovasc

Founded in 2010, Innovasc develops devices for minimally invasive repair of blood vessel blockages and has generated a family of products that promote natural healing after vascular procedures. In 2011, Innovasc formed Intact Vascular, to develop the Tack Endovascular Stapler™ for use in the treatment of lower extremity blockages. Intact Vascular closed major financing in August, 2012 for more than $15M.  The lead venture partners in this financing were Quaker Partners and HIG BioVentures. The Tack received CE mark approval in Europe in March, 2012, which clears the device for sale and distribution throughout Europe. Intact Vascular has completed a major clinical trial with the Tack at 15 centers in Austria, Belgium, Germany, and The Netherlands with one year follow-up. The results of the TOBA Trial (Tack Optimized Balloon Angioplasty) were presented at a major international conference in Germany in January, 2015 and demonstrated excellent results in patients undergoing the Tack procedure. Intact Vascular has also enrolled a clinical trial using a second product, a Tack device designed for the very small arteries of the lower leg (TOBA BTK) at centers in Austria and New Zealand. In May of 2014, Innovasc formed Cagent Vascular to develop the Spike serrating angioplasty balloon. This modified balloon catheter is used to open blood vessel blockages and prepare the artery for drug coated balloons. Promising studies have been performed with an advanced prototype. Cagent Vascular is currently raising a $5M A round.

pclender

PCLender.com

PCLender.com is the leading provider of enterprise mortgage lending technology solutions that ensure compliance and profitability. Its suite of SaaS applications, including the award-winning loan origination system, InHouse Mortgage, has revolutionized the ways that mortgage companies, banks and credit unions manage the complete life-cycle of the mortgage loan process.

PCLender.com is dedicated to providing mortgage lenders with the highest level of compliance and service for streamlining the mortgage business while maximizing lending efficiencies and increasing profitability. The PCLender.com platform is an end-to-end, Web-based solution that delivers the ability to apply online, originate, process, approve, close, and deliver loans to secondary market investors. PCLender.com’s cost effective solutions provide a seamless process that can be customized to fit a mortgage lenders’ specific needs and implemented within 30 days.

Sennet Capital provided instrumental strategy and structuring assistance to PC Lender which helped it grow into a national platform used by over 235 lenders and is a critical component in their processing of over a billion dollars a month in funded loans. In July 2011, Lender Processing Services (NYSE:LPS) acquired PCLender and will fold the PCLender technology and operations into its origination technology unit and LPS Empower loan origination platform. LPS said it sees the PC Lender platform as a more cost effective origination system for small mortgage companies, credit unions and community banks. According to Don Covey, Managing Director of LPS ,”the addition of PCLender.com gives LPS the opportunity to support more lenders with innovative technology to streamline efficiency, reduce costs and provide even better customer service”.