Frisch has been a critical partner in helping us raise capital for multiple deals as an independent sponsor. Since our formation in 2012, we have closed more than 35 investments with independent sponsors. 2023 CohnReznick LLP, All Rights Reserved. 7733 Forsyth Blvd. Request Funding. CohnReznick refers to CohnReznick LLP or any of its subsidiaries or affiliates. Monroe Capital Announces Strategic Minority Investment by Bonaccord Capital Partners / Aberdeen Standard Investments March 03, 2021 06:00 AM Eastern Standard Time What we offer to independent sponsors. 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. But youve got a problem: youre not sure where youre going to find the capital. He understands the nuances of financial transactions which has served his clients exceedingly well over the years. Caroline is here to put her decades of experience in details to work for you. We look forward to working with Bob and Drew on future opportunities. A PROVEN RESOURCE TO INDEPENDENT SPONSORS When we're hired, we pride ourselves on delivering results. During the honeymoon period of the transaction, its easy for things to go well. Securities offered through GT Securities, Inc., member FINRA, SIPC. Thanks to them we got great economics, did a number of add-ons with a great partner. Drew, Bob and Elizabeth delivered exactly as promised. I cannot say it any more strongly than this - Bob saved my company. Read our top tips for developing a healthy acquisition pipeline, facilitating smooth integrations, and more. accesscappartners.com, independentsponsorfinancing.com | independentsponsormodel.com| fundlesssponsorcapital.com But what happens when situations arise and portfolio companies underperform, or the macroeconomic environment changes? The ideal independent sponsor funding source embraces the independent sponsor model because they want to, not because they have to. 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. Invaluable is a word that gets tossed around indiscriminately these days - Bob's guidance was truly invaluable in our case. Get Better Economics. Find the Right Capital Partner. You will not go wrong having Bob on your team. 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. Suite 1151 St. Louis, Missouri 63105 Whereas some independent sponsors are keenly interested in being involved in the companys operations, others are more strategic minded, preferring more passive board roles. I cannot say it any more strongly than this - Bob saved my company. Colbeck partners with companies during periods of transition, providing creative capital solutions and risk mitigation strategies. We know the ins and outs of deals, raising capital and finding the right investors to partner with you. Partnership model Merit seeks to be a true partner and is comfortable allowing the sponsor to lead both the transaction and management interaction. An ability to provide dry powder for add-on acquisitions. You will not go wrong having Bob on your team. They have gotten financing structures that no one else could even approach thus increasing our rates of return. We have extensive experience and competence in this very specialized area of transactional finance experience and competence we continue to share with the industry on a daily basis. Website. A great funding partner brings more to the table than the capital to close your deal. We are a constant source of feedback for many new and experienced independent sponsors. Max. Frisch is our go-to partner in capital raising. He is also an avid golfer, sailor, and a big family man. The changing influence of capital providers. If there is glue on a team, then Caroline is the Frisch glue. His expertise is unmatched. At Capital Partners Insurance we strive to provide our customers with exceptional Insurance protection. Learn how this practice has helped clients create value in the business lifecycle in this 2022 year in review. Weve coached hundreds of Independent Sponsors through the business-buying process in the last 26+ years. Wells Fargo is committed to building an inclusive, sustainable future for all through a focus on opening pathways to economic advancement, championing quality, affordable homes, empowering small businesses to thrive, and driving an equity-focused transition to a low-carbon economy.. Grant Interest Form. Grade. 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. We will not spam, rent or sell your email. This prestigious award recognizes . Family offices, while still a viable provider of capital, are losing out to traditional private equity, which has stepped up in providing competitive economics. 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. We dont automate or leave it to chance. Learn more in this free training of how this works. Many of the long-time and well-known independent sponsor capital providers often take advantage of their independent sponsor counterparts, particularly new sponsors or ones that arent running a tight capital raising process. I have worked with Frisch capital partners for over 20 years, they have always come through for me and my companies. CohnReznicks Transactions and Turnaround Practice has been rebranded to Value360. In some industries, weve seen record EBITDA multiples, while in others, EBITDA is at an all-time low. They are now emerging from the mayhem and have demonstrated that they are good business owners. Private debt funds have flexibility in their capital structures, with many able to pick up a sizable piece of the equity needs. Center Stage with CohnReznick: Prodos Capital LLC. 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. Most importantly, we were personally inspired by the gracious manner you brought to each discussion your presence elevated us in an impactful way and made us all better! We're growing andlooking for talented and driven individuals to join our team. Weve raised over $1 BILLION for our Independent Sponsor clients since 1996. 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. 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. And when its time to choose someone to help you navigate the ups and downs of buying a business you NEED someone that has helped Independent Sponsors close deals for over two decades. ACP has developed a tailoredapproach to helpindependent sponsors efficiently secure the right debt and equity capital partners, on the best economics terms. Bob is a veteran deal-doer. info@accesscappartners.com| Tel: 314.783.9550 What type of funding source would be the best fit for me and my deals? We partner with company owners and executives looking to: In addition, we partner with talented operators to define and pursue a collaborative investment thesis. 2. The independent sponsor comes to the table with intimate industry knowledge, a value creation mindset, and the ability to roll up their sleeves. Frisch Capital Partners is the premier investment bank to help Independent Sponsors raise capital for their transactions. Examples of Capital Partners in a sentence. This is notwithstanding that many independent sponsors come from large, successful private equity firms. We invite people interested in learning more about our experience with independent sponsor transactions to visit the Portfolios section on this website which summarizes dozens of successfully closed independent sponsor deals, and to visit the Transaction Case Studies section which presents a more in-depth description of two completed independent sponsor transactions as well as other types of transactions. As an independent sponsor financing firm, Access Capital Partners has put together a brief overview that outlines how independent sponsors can both maximize their independent sponsor economics, as well as achieve long term majority ownership of the businesses in which they invest. 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. The future for the independent sponsor ecosystem appears bright. Partners-Cap.com. No other investment bank has specialized in helping Independent Sponsors raise capital as long as we have. These platforms result in multiple acquisitions requiring easily north of $100-$200 million of equity over a three- to five-year time horizon. In conversations Ive had with capital providers, they believe that differentiation relative to independent sponsors can be achieved in the following areas: 1. Day and night, week-in and week-out. 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. 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. This makes our incentives much more aligned with all the shareholders, including sellers who maintain a stake in their company. In this latest Government Contractor Valuation tracker, we share key valuation indicators to help GovCon management teams and investors keep track of industry valuation benchmarks and trends. 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 believe our investment flexibility and ability to customize our investment and equity participation to the unique features of each transaction sets us apart in the transactional finance industry. In summary, Peninsula Capital Partners was one of the first firms to actively seek out independent sponsor transactions and has been one of the most active investors in such deals for years. e first step is downloading our White Paper. We are constantly seeking to expand our network of independent sponsor partners and would greatly appreciate the opportunity to consult with any independent sponsor on their next transaction. Each entity is a separate legal entity and solely responsible for its own acts and/or omissions. 2. Peninsula Capital Partners was among the first, if not the very first, junior capital investment firm founded with the strategic focus of investing in situations in which a traditional buyout firm is not leading (a.k.a., sponsoring ) the transaction. Independent sponsors want to be confident that the capital provider has backed more than one transaction with a single independent sponsor and operates with a relationship-building focus, as opposed to a transactional view. The first step is downloading our White Paper, How Independent Sponsor clients get better economics. This report will show you how you can improve your Independent Sponsor economics and what we are seeing in the marketplace. With an intensive focus on the independent sponsor model, we understand the unique challenges that independent sponsors face in today's evolving market. We look forward to working with Bob and Drew on future opportunities. 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. Dave invests his personal capital in every transaction and is supported by a broad network of debt and equity co-investors and transaction advisors. 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. Kirtland can support independent sponsor led transactions as the control-equity investor. We havepartnered with independent sponsors in three investments in our current fund: Arch Global Precision, Acme Cosmetic Componentsand EnviroScience. Save Time. The need for the capital provider to control the deal is in many times a "deal killer" for independent sponsors. Private equity value creation: Accelerate growth with strategic, smooth M&A. Just being able to close the initial platform is not sufficient. How has the capital provider behaved? You need someone that is going to work just as hard as you do, that will be just as committed to your deal as you are, and that will throw all of its resources and experience toward getting your deal done and getting you great terms. He also currently runs the Zell Entrepreneurship through Acquisition Program under the Zell-Lurie Institute at Ross, mentoring more than a dozen students each year in pursuit of careers in search funds, private equity, and mergers & acquisitions. Whether this is your first deal or your 5th, you need to talk to us. As of 30 December 2022, the 294-person firm had $48 billion in assets under management. Our financing process always aims to exceed market-based Independent Sponsor economics (ie. After substantial vetting and comparative shopping FCP was selected as my critical partner. He serves on the board of Birmingham Girls Softball, helping to provide athletic and personal development to more than 300 players each year. Prospective capital partners are just getting to know them, and the independent sponsor doesnt yet have an established track record or credibility. He knows what its like to be in your shoes. Ocean Avenue Capital Partners 401 Wilshire Boulevard, Suite 1020 Santa Monica, CA 90401. Don't get frustrated dealing with an 800 number or national chain insurance providers. As an investment bank focused exclusively on raising debt and equity, To discuss an opportunity or learn more about how Access Capital Partners helps independent sponsors, please contact, Associates of Access Capital Partners are registered representatives of, and securities transactions are conducted through, StillPoint Capital, LLC, Member. (Hint- it's really, really good.). If you bring a proprietary deal, at an attractive valuation, with a solid management team and growth plan to the table, you should be rewarded with . They have gotten financing structures that no one else could even approach thus increasing our rates of return. This network knows the high standards we have when selecting our clients and the Independent Sponsor deals we work on. The need for the capital provider to control the deal is in many times a deal killer for independent sponsors. After substantial vetting and comparative shopping FCP was selected as my critical partner. For an independent sponsor, time is your most precious resource. The larger middle market funds like this strategy and business thesis but dont have the time or resources to source and secure sub-$5 million EBITDA businesses. GREAT WORDS FROM CLIENTS Read Testimonials Now! Hestia Capital Highlights Recent Support from Two Leading Independent Proxy Advisory Firms. While our fund structure has changed our focus hasnt. Access Capital Partners is a middle market investment bank focused exclusively on raising debt and equity capital for independent sponsors, executives and family offices. Our goal is simple: build value through building the business. Strategic investors take center stage in todays uncertain M&A environment. Our founders were focused on finding great deals and helping those businesses grow with our support. Dave has participated in more than 40 private capital transactions as a principal investor, totaling over $700 million in total enterprise value and over $300 million of equity and junior capital. Securities offered through GT Securities, Inc., member FINRA, SIPC. He sees the Independent Sponsor model as the method executives and industry experts can take to own and run already established businesses. 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. If you'd like to explore a career with Access Capital Partners, please contact us. In this case, we use our extensive deal flow to identify opportunities well suited for the operator's background and expertise. Learn more. 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. Supporting growth. Our comprehensive and flexible equity capital and junior debt solutions help our partners achieve successful outcomes. From our experience, receiving numerous offers (term sheets/proposals) always results in favorable economics and terms for our clients.
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