I've been waiting 2 years for this merger: excellent
Saturday, June 11, 2011 8:06:59 AM
Re: None Post # of 4252
what I like about vigs:
Todd Waltz and Cagan Mcafee also managed AEBF, it appears, as one example. i think any company that has mcafee on it anywhere is enough.
Eric A. McAfee -
Mr. McAfee is an entrepreneur, venture capitalist and merchant banker, founding eleven companies in renewable energy, oil & gas, networking and software. Mr. McAfee is a managing director at merchant bank Cagan McAfee Capital Partners in Cupertino, California, and during the past nine years has invested in more than twenty companies through Berg McAfee Companies, a holding company.
Mr. McAfee is the founding shareholder of six companies that were taken public, and also took five of his portfolio companies public via merger. The aggregate value of public companies Mr. McAfee has founded or participated in building is in excess of $4 billion measured by combined high market capitalizations.
Mr. McAfee is the founder, Executive Chairman and former CEO of American Ethanol (Nasdaq OTC MWII.OB: $1.5 billion market value), an ethanol and biodiesel company focused on the development of two billion gallons of ethanol production in Nebraska and Illinois, and eight hundred million gallons of biodiesel production in the U.S. and India. American Ethanol was founded by Mr. McAfee in 2005 and taken public in mid-2006. Co-founding corporate shareholders of American Ethanol include $1.3 billion revenues TIC, a construction company with 8500 employees in 16 offices, and Delta-T, a leading ethanol facility engineering firm.
Co-founded by McAfee in 2003 and taken public in March 2005, Pacific Ethanol (Nasdaq PEIX: $1 billion market value) is a $125 million revenue ethanol supplier that raised $21 million in an institutional private placement in March 2005 and $145 million in April 2006. Pacific Ethanol also raised an $84 million investment at a $260 million valuation by Bill Gates through his $50 billion investment firm, Cascade Investments. Pacific Ethanol was co-founded by Mr. McAfee with Bill Jones, the former Secretary of State of California and 2004 U.S. Senate candidate.
Particle Drilling Technologies (symbol PDRT: $200 million market value) developed a patented drilling service for oil & gas that penetrates hard rock 250% faster than current technologies. In January 2005, Particle Drilling merged with a public company and then raised $18 million of institutional funding. Taken public in August 2004, World Waste Technologies is a patented recycling technology that converts municipal solid waste to cellulose for applications including cardboard and ethanol production (symbol WDWT: $120 million market value). World Waste has raised $52 million in equity.
In 2003, Mr. McAfee co-founded Evolution Petroleum (formerly Natural Gas Systems), an acquirer and developer of natural gas fields, including the 13,000 acre Delhi field in Louisiana that has produced 190 million barrels of oil. Evolution was taken public via merger in June 2004 (symbol EPM: $80 million market value). In May 2005, Evolution received $50 million as the first payment from Denbury Resources as a part of a $220 million investment by Denbury in a CO2 flood project on the Delhi field. This CO2 flood project is expected to produce an additional 40 million barrels of production from the Delhi field, valued at more than $3 billion, of which Evolution has retained a 30% interest.
In mid-2002, Mr. McAfee and management acquired Procera Networks from Digi International, then took Procera Networks public via merger in mid-2003 (symbol PRNW: $70 million market value). In late 2000, Berg McAfee acquired majority control of Blast Energy Services (formerly Verdisys, Inc.), subsequently taking the company public in mid-2003. Blast provides proprietary milling and lateral drilling services to the oil and gas industry.
In mid-2000, Mr. McAfee co-founded CISystems and in 2001 merged the company with IQ Biometrix (symbol IQBX), a security software company. In early 2002, Mr. McAfee took IQ Biometrix public via merger and served as Chairman of the company. In 2004, Mr. McAfee arranged the acquisition of Wherify, Inc. by IQ Biometrix, resulting in the combined market value of IQ Biometrix increasing to more than $250 million.
In 1999, Mr. McAfee co-founded and served as co-chairman of MindArrow Systems, a software and services company that he took public via merger in early 1999. MindArrow Systems grew to a market value of $700 million by early 2000. MindArrow had more than 120 enterprise customers, including Intel, Hewlett Packard, Toyota, eGM, Nissan, Sony, BMG, Warner, as well as Britney Spears and President George W. Bush.
In 1998, Mr. McAfee co-founded NetStream and the company built one of the first MPLS-based phone networks in the world, using digital soft-switch technology rather than analog switches. NetStream received $24 million of financing from Cisco Systems and $31 million of funding from UBS Capital.
In 1996, Mr. McAfee co-founded Global Digital Technologies, a software company that provides newspapers with middleware to interface between legacy systems and websites, including the Knight-Ridder, Gannett and Tribune newspaper chains. In 1992, Mr. McAfee co-founded PC-card manufacturer New Media Corporation, which grew to $48 million revenues and 150 employees within three years, and received $15 million of financing from AMP, Inc., a Fortune 50 company.
Mr. McAfee is a founder with his brothers of McAfee Farms, an organic apple and organic almond producer located in the California Central Valley. In 1999, Mr. McAfee personally funded and co-founded Organic Pastures Dairy Company, the largest raw dairy in the Western United States. Organic Pastures is located on 400 acres near Fresno, California; milks about 500 cows daily; and operates bottling, creamery and distribution operations. Customers include more than 300 stores supplied each week, including Wild Oats and Whole Foods Markets.
Mr. McAfee serves or has served on the Boards of Directors of American Ethanol (founder/Chairman/former CEO – Nasdaq OTC WMII: alternative fuels); Pacific Ethanol (co-founder/director - Nasdaq PEIX: alternative fuels); Natural Gas Systems (founder/director – AMEX EPM: oil & gas production); Blast Energy Services (former Vice Chairman and CEO – Nasdaq OTC BESV: oil & gas production enhancement technologies); Procera Networks (co-founder/former director – Nasdaq OTC PRNW: wire-speed Layer 7 devices); IQ Biometrix/Wherify Wireless (co-founder/former Chairman: Nasdaq OTC WFYW - security software and devices); Netstream (co-founder: MPLS network CLEC); CustomerLink Systems (emarketing solutions); MindArrow Systems (co-founder/Co-Chairman: rich media CRM software); ExpressLink (auto dealer POS system); mvion (wireless software); Global Digital (co-founder: Internet software for newspapers); iCommerce (ecommerce software); Quikview (employment systems); DataZone (mobile network storage); Intraop Medical (mobile device for cancer treatment); and DAC Intl (precision lathes for optical lenses). Acquired or founded portfolio companies include World Waste Technologies (Nasdaq OTC WDWT: waste processed to cellulose); Particle Drilling Technologies (Nasdaq PDRT: high penetration rate oil drilling); Energy 2000 NGS (natural gas fields); Minrad (AMEX MRD: acute care devices); and Nayna Networks (Nasdaq OTC NAYN: network broadband devices).
In 2000, Mr. McAfee was selected to serve as a member of the George W. Bush Information Technology National Advisory Board. A 1985 Congressional Award medal recipient for his volunteer work, Mr. McAfee has served since 1993 as a member of the Board of Directors of the California Manufacturers & Technology Association, one of the oldest and most influential business organizations in California with more than 700 members. The CMTA board has representatives from more than forty companies including Intel, Hewlett Packard, GM, Boeing, BP, IBM, Arco and Exxon/Mobil.
In 2004, Mr. McAfee and his wife funded a significant portion of the $10 million Dr. Lapsley McAfee Fieldhouse and meadow at Mount Hermon. The McAfee Fieldhouse is named after Mr. McAfee's great grandfather, a founding trustee of Mount Hermon in 1906 and a noted Presbyterian pastor and missionary. Mount Hermon is a 100-year-old, 400-acre Christian conference center located in the Santa Cruz Mountains of Northern California that serves 120,000 attendees per year. Completed in January 2006, the McAfee Fieldhouse is an Ahwahnee Hotel-style facility that seats 750 people and contains a full basketball court, weight facility, junior high and high school rooms, and family games facility on five acres of grass fields and redwood trees.
In 2005, Mr. McAfee and his wife funded, along with state and community support, the $8 million McAfee Performing Arts and Lecture Center in Saratoga, California. This facility is a state-of-the-art community performing arts center with 560 seats, serving the schools and community groups in Saratoga and nearby Silicon Valley cities.
In 1986, Mr. McAfee graduated as the Dean’s Medalist from the Fresno State University business school. He lectured as the 2001 Entrepreneur in Residence at FSU and earned the business school Alumni of the Year Award in 2002. Mr. McAfee is a 1993 graduate of the Stanford Graduate School of Business Executive Program, and completed the Harvard Business School Private Equity and Venture Capital Program.
