Testimonials may not be representative of the experience of other customers and is no guarantee of future performance or success. Supporting growth. Drew, Bob and Elizabeth delivered exactly as promised. While there is no longer a scarcity of capital, first-time sponsors do not yet have strong relationships. We work directly with companies, through intermediaries, in conjunction with fellow private equity and independent sponsors, and alongside operators. We strive to deliver competitive, flexible capital solutions with the right capital partners to support both . We dont automate or leave it to chance. Perhaps the biggest takeaway in the still growing and maturing independent sponsor sector is that finding capital, both debt and equity, is no longer a top concern. Why is anything less than that reasonable or acceptable? 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. We havepartnered with independent sponsors in three investments in our current fund: Arch Global Precision, Acme Cosmetic Componentsand EnviroScience. Day and night, week-in and week-out. Our comprehensive and flexible equity capital and junior debt solutions help our partners achieve successful outcomes. Partners-Cap.com. This network knows the high standards we have when selecting our clients and the Independent Sponsor deals we work on. This is something smaller funds cant do. Just being able to close the initial platform is not sufficient. Partners Capital Investment Group, LLC is an outsourced investment office (OCIO) that serves endowments, foundations, pensions, investment professionals, and high-net-worth families in Europe, North America and Asia. When working with Tregaron, you can expect prompt and honest feedback, respect for your time and when we aren't the right fit, we'll help with introductions. 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. Colbeck sponsors its portfolio companies through consistent engagement with management teams in areas such as finance, capital markets and growth strategies, distinguishing itself from traditional lenders. Read our top tips for developing a healthy acquisition pipeline, facilitating smooth integrations, and more. And frankly, being an owner just makes good sense. 2. An ability to provide dry powder for add-on acquisitions. 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. He serves on the board of Birmingham Girls Softball, helping to provide athletic and personal development to more than 300 players each year. A PROVEN RESOURCE TO INDEPENDENT SPONSORS 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. Drew is a serial entrepreneur having started 5 businesses, sold a few and still owns some. In each case, our capital structure allows for creative financing solutions that work for everyone involved, and . The Oregon Watershed Enhancement Board has awarded seven grants totaling more than $4.1 million for conservation easements to protect working farms and ranches. Get Better Economics. Find the Right Capital Partner. Frisch has been a critical partner in helping us raise capital for multiple deals as an independent sponsor. T: 301.364.9020 F: 301.364.9022 : home l team l portfolio l news l careers l contact l brochure He understands the nuances of financial transactions which has served his clients exceedingly well over the years. We often find our clients asking us: Which capital sources make the best partners for independent sponsors? Weve raised over $1 BILLION for our Independent Sponsor clients since 1996. We would be proud to work with them anytime." Gregory Young Managing Partner, Isleworth Capital Partners Ask us what our success rate is. Access Capital Partners is not affiliated with StillPoint Capital, LLC. With an intensive focus on the independent sponsor model, we understand the unique challenges that independent sponsors face in todays evolving market. Contact. 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. What should independent sponsors look for in a capital partner? 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. Whether this is your first deal or your 5th, you need to talk to us. FCP has always believed that the Independent Sponsor client is as important as the deal itself. Weve coached hundreds of Independent Sponsors through the business-buying process in the last 26+ years. 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. Independent-sponsor-led buy-and-build platforms are emerging in fragmented industries such as healthcare, industrial, and residential services, and are being scooped up by these larger funds. The changing influence of capital providers. In my opinion, Crux Capital as an independent sponsor is a much better partner for sellers of businesses than a private equity fund. Successful investment candidates typically have the following characteristics: Minimum EBITDA of $3.0 million, a history of profitable operations and margins that meet or exceed industry averages; Independent Sponsors Experience - Merit has completed a significant number of independent sponsor-led transactions, including several transactions with repeat sponsors. While the industry has changed, the concepts have not. e first step is downloading our White Paper. 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 . Frisch Capital deeply believes in the importance of gathering competitive bids on each deal to ensure the client has multiple options for structuring his/her deal. 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. We are a constant source of feedback for many new and experienced independent sponsors. Caroline is here to put her decades of experience in details to work for you. Dave invests his personal capital in every transaction and is supported by a broad network of debt and equity co-investors and transaction advisors. Independent Sponsor Spotlight: Rob Bauer of Bassett Creek Capital May 26, 2021 The interview below is part of a series from McGuireWoods that features interviews with impressive independent sponsors as part of our ongoing commitment to the independent sponsor community. We look forward to working with Bob and Drew on future opportunities. Sharing the deal economics. Through years of raising capital in all types of situations and environments, ACP has developed a nuanced approach to consistentlyand efficiently secure the capital to support independentsponsors' acquisitions and recapitalizations. our whole focus is to not only raise the capital for your deal, but give you peace of mind that you are getting the best economics the market has to offer. 2. Top 200 H1B Sponsors. 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. Provide introductions to service providers and senior lenders. They have worked on over 15 transactions for me raising capital in excess of hundreds of millions of dollars. We were somewhat profitable but unable to raise capital to grow. The military's statement raised the likelihood of a renewed surge in the nearly weeklong violence that . For more information on Broker Dealers and Registered Representatives visithttps://brokercheck.finra.org/. Grade. In the end, results are what matter - and they were professionally delivered. . In the end, results are what matter - and they were professionally delivered. We should expect to see more independent sponsors emerge, existing sponsors investing in multiple transactions, and the broader private equity market continuing to embrace independent sponsors. Invaluable is a word that gets tossed around indiscriminately these days - Bob's guidance was truly invaluable in our case. When we're hired, we pride ourselves on delivering results. But thats why as an Independent Sponsor, you need someone on your side that can help walk you through the deal from start to finish- from putting the deal structure together to finding potential capital partners and investors to helping you understand the nuances of the process to negotiating on your behalf so you get the best possible outcome. 2020 | FCP Partners, dba Frisch Capital Partners | PRIVACY POLICY. We've alsodeveloped a tailored approach that creates optionality, uncovers the right capital partners and improves success rates. Despite the economic challenges of the coronavirus pandemic, key takeaways from the summit were that independent sponsors have generally thrived during the pandemic, they continue to grow stronger as an alternative to traditional private equity firms, and the outlook for them in 2021 remains positive. Due to their infrastructure and resource constraints, independent sponsors essentially served as an extension of their sourcing efforts. Nexia International Limited and each of its member firms are separate legal entities and not part of a worldwide partnership. GREAT WORDS FROM CLIENTS Read Testimonials Now! Sudan's military has ruled out negotiations with a rival paramilitary force, saying it would only accept its surrender. The future for the independent sponsor ecosystem appears bright. Our financing process always aims to exceed market-based Independent Sponsor economics (ie. Creating value. Ocean Avenue Capital Partners 401 Wilshire Boulevard, Suite 1020 Santa Monica, CA 90401. Bassett Creek will forever be grateful to Frisch Capital. Family offices, while still a viable provider of capital, are losing out to traditional private equity, which has stepped up in providing competitive economics. Many independent sponsors, because of their SBIC partners or because they were not caught up by the affiliation rules, could tap into Paycheck Protection Program (PPP) loans, which helped a lot. Client data, emails, calls, agreements, regulatory requirements, etc. While our fund structure has changed our focus hasnt. Our extensive experience with independent sponsor transactions has allowed us to develop a deep understanding of the issues that are most important to them, and how to productively collaborate to identify and execute the most efficient and effective approach to close a deal. 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. Securities offered through GT Securities, Inc., member FINRA, SIPC. They have gotten financing structures that no one else could even approach thus increasing our rates of return. As an investment bank focused exclusively on raising debt and equity capital for independent sponsors, weve spent years building relationships with capital providers and know which funding sources will be the most complementary for different types of deals and sponsors. I am happy to discuss at any time. They Embrace the Independent Sponsor Model. Our role is to support management with strategic guidance and our ability to identify, evaluate, and execute add-on acquisition opportunities. We're growing andlooking for talented and driven individuals to join our team. 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. From our experience, receiving numerous offers (term sheets/proposals) always results in favorable economics and terms for our clients. If there is glue on a team, then Caroline is the Frisch glue. Bob helped us formulate and implement a new strategy that allowed us to attract significant funds and build again. Fit matters in a partnership, especially as an independent sponsor. Ideal investment candidates will exhibit some combination of the following characteristics: Recurring revenue or repeat customer relationships, Management or owners interested in rolling over a meaningful equity stake to benefit from a second bite at the apple, Fragmented markets with opportunities for growth via acquisition, 2021 by Quadec Private Capital LLC - All Rights Reserved. Don't get frustrated dealing with an 800 number or national chain insurance providers. Private equity value creation: Accelerate growth with strategic, smooth M&A. At CohnReznick, we forge deep and trustworthy relationships with independent sponsors, facilitating and contributing to their success. Rest assured Bob has seen it all. 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. Kirtland is an equity-focused investor and can be a helpful resource in a variety of transactions, including: Please contact Jim Foley at jfoley@kirtlandcapital.com to discuss opportunities to work together. For an independent sponsor, time is your most precious resource. This may include including origination, carry, and annual management fees. 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. additional capital. A PROVEN RESOURCE TO INDEPENDENT SPONSORS The medium- to longer-term implications of policies implemented by the new administration are also a consideration, but that doesnt seem to be slowing things down. Our extensive experience with such deals has provided us the opportunity to develop a variety of partnership approaches to address the unique objectives, capabilities and competencies of independent sponsors, and the requirements of the transaction. We will not spam, rent or sell your email. Nonprofit organizations that are interested in being considered for an invitation to apply . New State fully delivered on all aspects of the combined relationship between co-investors and the Sellers. Quadecs Founder and Principal, Dave Hiemstra, has over 22 years of experience with middle market companies. He knows what its like to be in your shoes. From refining your thesis, marketing your deal, negotiating great Independent Sponsor . The need for the capital provider to control the deal is in many times a "deal killer" for independent sponsors. In conversations Ive had with capital providers, they believe that differentiation relative to independent sponsors can be achieved in the following areas: 1. Private debt funds have flexibility in their capital structures, with many able to pick up a sizable piece of the equity needs. 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. 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! These platforms result in multiple acquisitions requiring easily north of $100-$200 million of equity over a three- to five-year time horizon. Employer Name. I would recommend FCP for any capital raising, transaction or sale oriented services. Thanks to them we got great economics, did a number of add-ons with a great partner. Our goal is simple: build value through building the business. Weve seen it all through the years. Bob has been in finance for over 40 years. 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. Due to our success, we now have our own fund. INDEPENDENT SPONSOR FINANCING SOLUTIONS. 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. How do they see your role after the transaction closes? We have partnered with independent sponsors in three investments in our current fund: Arch Global Precision, Acme Cosmetic Components and EnviroScience. It's a partnership we understand, appreciate, and are always open to exploring. We understand the complex processes and . We rely on our network of independent sponsor partners to source investment opportunities. The average size of an angel investor investment on our site is $250,000. We're growing andlooking for talented and driven individuals to join our team. Testimonials may not be representative of the experience of other customers and is no guarantee of future performance or success. 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. I was delighted with their expertise, responsiveness, engagement and overall process management in a large and very successful engagement. "I started Dynasty with my partners more than 12 years ago to address a glaring problem. Save Time. Center Stage with CohnReznick: Prodos Capital LLC. Bob and Drew were trusted business advisors on every aspect of the process. Funding comes from the state . 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 superior fundless sponsor economics. Thanks to them we got great economics, did a number of add-ons with a great partner. your closing fees, management fees, carried . Dave has spent his entire career working with middle market private companies, starting his career with PricewaterhouseCoopers middle market advisory and transaction services practices for 7 years before transitioning into private equity. 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. Greg Porto | email Greg Tobben | email, Access Capital Partners Access Capital Partners is an investment bank focused on raising capital for independent or fundless sponsor acquisitions and recapitalizations. Having closed so many deals with independent sponsors over such an extended period of time provides us a rare perspective. In some industries, weve seen record EBITDA multiples, while in others, EBITDA is at an all-time low. Accelerate Success Under the Independent Sponsor Model, INDEPENDENT SPONSOR CAPITAL RELATIONSHIPS, We've Spent Years Building Relationships You Can Leverage, Traditional and Non-TraditionalProviders of Private Capital, Small Business Investment Companies (SBICs), THE INDEPENDENT SPONSORS' INVESTMENT BANK, Associates of Access Capital Partners are registered representatives of, and securities transactions are conducted through, StillPoint Capital, LLC, Member. The tide seems to be shifting as larger middle market funds are jumping into the mix. Create a funding request to ask for funding from over 5,400+ investors. 4. Negotiating can be a difficult task. 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. Independent Sponsors. We know the ins and outs of deals, raising capital and finding the right investors to partner with you. Weve built an incredible network of capital providers that love working with Independent Sponsors. We'll gladly provide guidance on transaction viability, structures and capital alternatives to help you refine which opportunities to pursue. Max. 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. Whereas some independent sponsors are keenly interested in being involved in the companys operations, others are more strategic minded, preferring more passive board roles. If you'd like to explore a career with Access Capital Partners, please. In each case, our capital structure allows for creative financing solutions that work for everyone involved, and oftentimes the ability to get deals done others can't. During the honeymoon period of the transaction, its easy for things to go well. That means we get to know you, your deal, and your exact specific needs. Since our formation in 2012, we have closed more than 35 investments with independent sponsors. Advising on both debt and equity placements, we are a turn-key financing solution for experienced operating and private equity professionals. Monroe Capital Announces Strategic Minority Investment by Bonaccord Capital Partners / Aberdeen Standard Investments March 03, 2021 06:00 AM Eastern Standard Time "Independent sponsor" is an expansive and evolving category that may be understood to cover any transaction in which a sponsor first sources, diligences, and negotiates the recapitalization or buyout of an acquisition target and then subsequently seeks financing partners to close the transaction. Well do whatever it takes to get the deal done. Embracing the independent sponsor model, we raise debt and equity for acquisitions on a deal-by-deal basis while aiming to accelerate the financing process and protect sponsor economics and fees. Want Better Independent Sponsor Economics or More Complimentary Partners? Dave lives in Birmingham, MI with his wife and two daughters. But what happens when situations arise and portfolio companies underperform, or the macroeconomic environment changes? The proposed independent 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. Dave was born and raised in the Midwest and earned his Bachelor of Business Administration degree from the Ross School of Business at the University of Michigan, where he also earned his Masters of Business Administration degree with high distinction. Our financing process always aims to exceed market-based Independent Sponsor economics (ie. 3. 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. As your confidant and guide we will get you through the process and coach you every step of the way. Claudine M. Cohen, Managing Principal, Transactions & Turnaround Advisory. This may include including origination, carry, and annual management fees. Having originated as an independent sponsor prior to our first fund, the model is in our DNA. You know you have the experience and expertise to take a company to the next level. At Capital Partners Insurance we strive to provide our customers with exceptional Insurance protection. We work directly with companies, through intermediaries, in conjunction with fellow private equity and independent sponsors, and alongside operators. You need to ask the right questions how many independent sponsor deals have they done? 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. They have gotten financing structures that no one else could even approach thus increasing our rates of return. Nexia International Limited does not deliver services in its own name or otherwise. Well be the answer to your questions, the sounding board when youre frustrated, and the first to toast you at the closing. CohnReznick LLP is a member firm of the Nexia International network. 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. Quadec seeks to align companies and management teams with the appropriate capital structure to create enduring value. Most commonly, independent sponsorshave finance and strategy backgrounds stemming from experiencein private equity, investment banking or consulting or have backgrounds as operating executives who have built and grown companies from the inside. Elizabeth operates at the cross-section of finance and psychology. Nexia International Limited does not accept any responsibility for the commission of any act, or omission to act by, or the liabilities of, any of its members. But youve got a problem: youre not sure where youre going to find the capital. We were somewhat profitable but unable to raise capital to grow. 2023 CohnReznick LLP, All Rights Reserved. Salary (2023) H1B Approvals (2023) New on H1BGrader? While the 2021 outlook is for a healthy M&A market, many potential participants are wondering if there could be a black swan event. We are particularly focused on situations where management or current business owners are seeking a liquidity event, but also have a desire to retain a meaningful ownership stake and pursue organic and acquisitive growth. Frisch Capital Partners is the premier investment bank to help Independent Sponsors raise capital for their transactions. Partnership model - Merit seeks to be a true partner and is comfortable allowing the sponsor to lead both the transaction and management interaction. Tregaron Capital. Independence Capital Partners was founded in 1997 to provide back office and infrastructure support to private equity and real estate fund managers. For intermediaries working on the buy side or those who refer a company to us, we pay customary success fees.
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