Read our top tips for developing a healthy acquisition pipeline, facilitating smooth integrations, and more. The changing influence of capital providers. The tide seems to be shifting as larger middle market funds are jumping into the mix. Our model supports an unwavering belief in our investment philosophy, the growth potential of our companies, and most importantly, the operators we back. I have worked with Frisch capital partners for over 20 years, they have always come through for me and my companies. I am happy to discuss at any time. Leveraging the Independent Sponsor Model: Achieving Long - SlideShare WASHINGTON - SBA Administrator Isabella Casillas Guzman, the voice in President Biden's Cabinet for America's over 33 million small businesses, has named Abdirahman Kahin of Afro Deli & Grill in Minnesota as the National Small Business Person of the Year for 2023 at the National Small Business Week (NSBW) awards ceremony in Washington, D.C. . To do so, we look for opportunities to pair our capital, industry expertise, and resources with strong management teams looking to take their businesses a step further. Employer Name. As a strategic coach and consultant to some of the largest Fortune 500 Companies and non-profits, Elizabeth has seen first hand the impact a persons outlook has on both the success of their deal and the bottom line. Here are 3 traits shared by great independent sponsor funding sources: The proposedindependent sponsor economics(transaction fee / promote, carried interest or ownership / ongoing management fee) are designed to reward the sponsor for the value delivered and to incentivize them to grow the business being acquired. Acting like a funded private equity firm with discretionary capital is a fruitless exercise. Angel Investors - Ask For Funding - Post a Funding Request Today My family and partners are eternally grateful to Bob for his assistance. Access Capital Partners is a middle market investment bank focused exclusively on raising debt and equity capital for independent sponsors, executives and family offices. To discuss an opportunity or learn more about how Access Capital Partners helps independent sponsors, please contact Greg Tobben or visit Access Capital Partners. They prefer an equal partner someone who complements skills they may be lacking. While the industry has changed, the concepts have not. Lets face it, not every SBIC, family office or private equity fund really wants to invest with independent sponsors, but as the independent sponsor market has grown, it has become harder for private equity firms to ignore as a viable source of deal flow. Our goal is simple: build value through building the business. Securities offered through GT Securities, Inc., member FINRA, SIPC. Youre getting the best with decades of experience in raising capital, mergers and acquisitions, private placements, operations and executive coaching. The future for the independent sponsor ecosystem appears bright. We were somewhat profitable but unable to raise capital to grow. Center Stage with CohnReznick: Prodos Capital LLC. Independent Sponsor Spotlight: Rob Bauer of Bassett Creek Capital This prestigious award recognizes . Hestia Capital Highlights Recent Support from Two Leading Independent info@accesscappartners.com| Tel: 314.783.9550 Max. Whereas some independent sponsors are keenly interested in being involved in the companys operations, others are more strategic minded, preferring more passive board roles. We dont automate or leave it to chance. The average size of an angel investor investment on our site is $250,000. You will not go wrong having Bob on your team. We look forward to working with Bob and Drew on future opportunities. Rest assured Bob has seen it all. Due to our success, we now have our own fund. Partnership model Merit seeks to be a true partner and is comfortable allowing the sponsor to lead both the transaction and management interaction. He knows what its like to be in your shoes. They are my go to shop for financing for my portfolio companies. State awards grants to preserve Oregon farms, ranches We are still looking to invest in great deals, including those sourced by independent sponsors. CohnReznick LLP is a member firm of the Nexia International network. ISS and Glass Lewis Endorsed Hestia's Case for Meaningful Boardroom Change at Pitney Bowes and . I cannot say it any more strongly than this - Bob saved my company. While there is no longer a scarcity of capital, first-time sponsors do not yet have strong relationships. Get Better Economics. Find the Right Capital Partner. Nexia International Limited and each of its member firms are separate legal entities and not part of a worldwide partnership. 2023 CohnReznick LLP, All Rights Reserved. Testimonials may not be representative of the experience of other customers and is no guarantee of future performance or success. Sharing the deal economics. Provide introductions to service providers and senior lenders. What economics have they provided sponsors in the past? As theindependent sponsor modelevolves and institutional capital partners become more selective, it is increasingly important for the sponsor to "addvalue" either by taking on an operational role in the acquired companyor through an active board member/advisory role. We pride ourselves on being a trusted partner and resource in the. Want Better Independent Sponsor Economics or More Complimentary Partners? Based in the United States, with a preference for the Midwest and Central regions, EBITDA between $2 million and $20 million, Manufacturing, Distribution, Business Services, Industrial & Infrastructure Services. While our fund structure has changed our focus hasnt. You want him on your team. Unfortunately, we often hear horror stories from independent sponsors about capital partners that re-trade deals, back out at the last minute or become less than ideal partners after a transaction closes. Access to Capital No Longer a Constraint for Independent Sponsors In addition to supporting management by serving on the boards of more than ten private companies, Dave has developed expertise in sourcing transaction opportunities, evaluating businesses and industries, conducting and facilitating due diligence, raising capital, and negotiating transaction documents. We work directly with companies, through intermediaries, in conjunction with fellow private equity and independent sponsors, and alongside operators. Frisch Capital Partners is the premier investment bank to help Independent Sponsors raise capital for their transactions. Private equity and independent sponsors will become more collaborative, thereby leading to a win-win scenario for all stakeholders. At CohnReznick, we forge deep and trustworthy relationships with independent sponsors, facilitating and contributing to their success. He understands the nuances of financial transactions which has served his clients exceedingly well over the years. No other investment bank has specialized in helping Independent Sponsors raise capital as long as we have. 2. Ocean Avenue Capital Partners 401 Wilshire Boulevard, Suite 1020 Santa Monica, CA 90401. As a segment of private equity growing in size and relevance, independent sponsors face a variety of unique challenges, including sourcing transactions, raising capital, and managing resources. Some might argue this is not a healthy environment for the independent sponsor community, and time will tell if this dynamic will cause certain capital providers to step back from the independent sponsor model. We're growing andlooking for talented and driven individuals to join our team. My experience with Frisch Capital was outstanding. A PROVEN RESOURCE TO INDEPENDENT SPONSORS Let us take the burden of raising capitaloff your shoulders, so you can focus on deal sourcing, building relationships with business ownersand growing existing portfolio companies. Whether this is your first deal or your 5th, you need to talk to us. Access Capital Partners is a middle market investment bank focused exclusively on raising debt and equity capital for independent sponsors, executives and family offices. Post transaction, we seek to be an active partner, providing board level support and if necessary, additional capital for further growth. You know you have the experience and expertise to take a company to the next level. Bassett Creek will forever be grateful to Frisch Capital. 313.237.5100 | One Towne Square, Suite 1400, Southfield, MI 48076, 2023 Peninsula Capital Partners | Terms & Conditions. Both are crucial to getting good Independent Sponsor economics and maintaining a great relationship between all parties. He sees the Independent Sponsor model as the method executives and industry experts can take to own and run already established businesses. As a firm principally dedicated to investing in non-traditional buyouts and other leveraged transactions, we have the institutional expertise and flexibility to understand and structure a customized capital solution for independent sponsor deals. We have partnered with independent sponsors in three investments in our current fund: Arch Global Precision, Acme Cosmetic Components and EnviroScience. We'll gladly provide guidance on transaction viability, structures and capital alternatives to help you refine which opportunities to pursue. Our capital is used to facilitate growth, acquisitions, recapitalizations, management buy-outs, generational transfers, and other ownership . We're growing andlooking for talented and driven individuals to join our team. Contact. Frisch Capital focuses on raising capital and structuring your transaction, so you can focus on the deal itself, the seller and his/her expectations, due diligence, strategic planning and value creation etc. That means we get to know you, your deal, and your exact specific needs. Private Equity Independent Sponsors | Capital Raising I Sourcing Independent Sponsors | Merit Capital Put simply, they did what they said they were going to do, which is to run a competitive capital raising process and to advocate on our behalf to find multiple attractive capital partners for us to choose from on each deal. We know deals dont sleep, and that means we dont either. Learn more in this free training of how this works. WHO SHOULD ATTEND: Independent sponsors, family offices, private equity funds, other alternative investors, senior, unitranche and mezzanine lenders, and pensions and endowments General Schedule Speakers C P Carr Preston Managing Director Akoya Capital, LLC C C Christian Cantalupo Partner ASGARD Partners & Co. N C Nathan Chandrasekaran Partner Opportunities that warrant a more conservative capital structure without a significant amount of debt; Growth oriented investments that plan to use debt capacity in the future to fund add-on acquisitions;or. They are now emerging from the mayhem and have demonstrated that they are good business owners. Weve built an incredible network of capital providers that love working with Independent Sponsors. 2. PDF Independent Sponsors: How to Leverage This Valuable Channel for We partner closely with fellow private equity firms both as an equity co-investor or debt provider in support of a private equity sponsored buy-out. Prospective capital partners are just getting to know them, and the independent sponsor doesnt yet have an established track record or credibility. I was delighted with their expertise, responsiveness, engagement and overall process management in a large and very successful engagement. Well do whatever it takes to get the deal done. Team What We Do Dave lives in Birmingham, MI with his wife and two daughters. Government contractor valuation tracker: H2 2022. They Embrace the Independent Sponsor Model. They have gotten financing structures that no one else could even approach thus increasing our rates of return. My experience with Frisch Capital was outstanding. Aside from first hand experience, we are able to: We work extensively with investment bankers, M&A advisors, business brokers, accountants, lawyers, lenders, and other business intermediaries. Testimonials may not be representative of the experience of other customers and is no guarantee of future performance or success. Independent Sponsor Spotlight: Wayne Moore of Crux Capital While there will always be a competitive element and some tension between private equity and independent sponsors, many different factors are pointing to an environment where both parties can work together to create value and thrive. Frisch Capital was a wonderful partner to Bassett Creek Capital. Bassett Creek will forever be grateful to Frisch Capital. For any inquiries, please call or email us: Quadec Private Capital is an independent private capital firm pursuing investments in outstanding companies in the United States with EBITDA between $2 million and $20 million. Our systems and proprietary process, along with our deep relationships in the marketplace, allow us to be extremely efficient. Find the Right Partner. For more information on Broker Dealers and Registered Representatives visithttps://brokercheck.finra.org/. We invest a significant amount of capital out of our general partnership into every deal. For intermediaries working on the buy side or those who refer a company to us, we pay customary success fees. How has the capital provider behaved? We believe the best partnerships are a result of aligned interests that's why the partners at Tregaron are the largest investors in the fund. Each entity is a separate legal entity and solely responsible for its own acts and/or omissions. At the same time, there is an increasing number of debt and equity capital partners that predominately or solely focus on independent sponsor transactions. Ask us what our success rate is. ACP has developed a tailored approach to help independent sponsors efficiently secure the right debt and equity capital partners, on the best economics terms. What are their criteria for independent sponsor deals? Access Capital Partners (ACP) is a middle market investment bank focused exclusively on raising debt and equity capital for independent sponsors, executives and family offices. The need for the capital provider to control the deal is in many times a "deal killer" for independent sponsors. Having closed so many deals with independent sponsors over such an extended period of time provides us a rare perspective. Strategic investors take center stage in todays uncertain M&A environment. Experience and success with the independent sponsor economic model, Flexible capital with an equity focus and the ability, without the requirement, to invest in subordinated debt, Long-term, patient capital with no defined investment horizons, Capacity for significant follow-on investment, Partnership approach to investing in and managing portfolio companies, History of executing transactions quickly and efficiently, Longstanding and broad relationships with financing sources and service providers. Capital providers are no longer in the drivers seat. Historically, we saw traditional lower middle market private equity firms leading the way with independent sponsors. Sure, if you are a first-time sponsor, you have hurdles to overcome in getting that initial deal financed. We do not necessarily require a control position as is common among private equity investors; rather, only a fair return and reasonable legal rights commensurate with the role we are being asked to fill in the transaction. Drew, Bob and Elizabeth delivered exactly as promised. Meet Our Team - Frisch Capital Partners Headquarteredin the United States or Canada, Senior Term Loans|Revolving Lines of Credit, Mezzanine Loans|Unitrache (one-stop) Loans|Convertible Debt, Preferred Equity|Minority Equity|Majority Equity, National, Regional and Local Banks|Specialty Finance Companies|Insurance Companies |Business Development Corporations (BDCs)|Small Business Investment Companies (SBICs) | Credit Opportunity Funds|Mezzanine Funds|Family Offices|Asset Managers, Associates of Access Capital Partners are registered representatives of, and securities transactions are conducted through, StillPoint Capital, LLC, MemberFINRAandSIPC, Tampa, FL. What should independent sponsors look for in a capital partner? I am happy to discuss at any time. 7733 Forsyth Blvd. Sharing the deal economics. Independent Sponsors. Sudan's military has ruled out negotiations with a rival paramilitary force, saying it would only accept its surrender. Bob and Drew were trusted business advisors on every aspect of the process. INDEPENDENT SPONSOR FINANCING SOLUTIONS. The time consuming, emotional and thankless process of raising capital is taken off your shoulders. FCP has always believed that the Independent Sponsor client is as important as the deal itself. ACP has developed a tailoredapproach to helpindependent sponsors efficiently secure the right debt and equity capital partners, on the best economics terms. Access Capital Partners (ACP) is a middle market investment bank focused exclusively on raising debt and equitycapital for independent sponsors, executives and family offices. Weve seen it all through the years. Investment Criteria | Peninsula Capital Partners L.L.C. Independent Sponsors Work With Us | Frisch Capital Partners Valuation arbitrage exists especially between smaller and larger businesses. They are my go to shop for financing for my portfolio companies. In each case, our capital structure allows for creative financing solutions that work for everyone involved, and . Securities offered through GT Securities, Inc., member FINRA, SIPC. We dont mess around: we can get your deal into the market in a week instead of the 30+ day lead time other firms require. At Capital Partners Insurance we strive to provide our customers with exceptional Insurance protection. Partnership model - Merit seeks to be a true partner and is comfortable allowing the sponsor to lead both the transaction and management interaction. CAPITAL RAISING FOR INDEPENDENT SPONSORS GET IN TOUCH Greg Tobben m 314.458.8186 gtobben@accesscappartners.com Tel: 314.783.9550 www.accesscappartners.com www.independentsponsorfinancing.com www.independentsponsormodel.com Access Capital Partners 7733 Forsyth Blvd. We would be proud to work with them anytime." Gregory Young Managing Partner, Isleworth Capital Partners Prior to founding Quadec Private Capital, Dave was a partner at Peninsula Capital Partners, a private equity and mezzanine capital provider in Detroit, MI focused on lower middle market transactions with independent sponsors. Unlike many other private capital firms, we are not wedded to a certain investment formula or ownership structure. Be careful not to fall into the trap of accepting below market economics if you can avoid it. Put simply, they did what they said they were going to do, which is to run a competitive capital raising process and to advocate on our behalf to find multiple attractive capital partners for us to choose from on each deal. Farragut Capital Partners The Escrow Agent will continue to hold such funds until Cornell Capital Partners, LP on behalf of the Investor(s) and Company execute a Joint Written Direction directing the Escrow Agent to disburse the Escrow Funds pursuant to Joint Written Direction signed by the Company and the Investor(s).. Potomac Capital Management LLC is the General Partner of .
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