Private debt funds have flexibility in their capital structures, with many able to pick up a sizable piece of the equity needs. Many independent sponsors came with deep operating expertise, complementing the strength of their existing deal teams. 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. As advisors to this expanding group of investors, we interact regularly with both new and long-time sponsors, as well as independent sponsor capital providers. 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. 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. I cannot say it any more strongly than this - Bob saved my company. I recently participated in the 10th Independent Sponsors Summit presented by iGlobal Forum. Creating value. Whether this is your first deal or your 5th, you need to talk to us. 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. A PROVEN RESOURCE TO INDEPENDENT SPONSORS You will not go wrong having Bob on your team. This may include including origination, carry, and annual management fees. Farragut Capital Partners is a privately held investment firm offering subordinated debt and private equity capital to entrepreneurs, business owners, private equity firms, and independent sponsors. We pride ourselves on being there for our clients from the beginning (Pre-LOI) to the end (the wiring of money). If you'd like to explore a career with Access Capital Partners, please. Both are crucial to getting good Independent Sponsor economics and maintaining a great relationship between all parties. 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. 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. Examples of Capital Partners in a sentence. Invaluable is a word that gets tossed around indiscriminately these days - Bob's guidance was truly invaluable in our case. We havepartnered with independent sponsors in three investments in our current fund: Arch Global Precision, Acme Cosmetic Componentsand EnviroScience. Colbeck partners with companies during periods of transition, providing creative capital solutions and risk mitigation strategies. Save Time. ACP prides itself on a being a trusted partner and resource in the independent sponsor community. 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. Whether this is your first deal or your 5th, you need to talk to us. The runway a capital provider may give to the independent sponsor in terms of running the day-to-day and ongoing strategy of the portfolio company. 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. 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. The typical fundless or independent sponsorcombines the rigor, sophistication and approach of a traditional private equity firm, but maintains the flexibility and autonomy of operating without the mandates to deploy committed LP capital. Greg Porto | email Greg Tobben | email, Access Capital Partners e first step is downloading our White Paper. Our model supports an unwavering belief in our investment philosophy, the growth potential of our companies, and most importantly, the operators we back. SAVE TIME. The Peninsula Funds seek to invest in superior middle-market companies requiring capital for an acquisition, expansion or recapitalization. Drew, Bob and Elizabeth delivered exactly as promised. We've spent years building relationships with alternatives debt funds, family offices, private equity firms and traditional institutional LPs that invest with independent sponsors. Save Time. Florida court: No homestead tax exemption on exclusively rented residence, Pre-award compensation considerations: The best things in life arent free, Sun joins CohnReznick as Principal, Cybersecurity, Real estates pivot to purpose: Plan around people first. Max. Assisting with both new acquisitions, as well as recapitalizations, ACP has become a trusted partner in the independent sponsor community. Our founders were focused on finding great deals and helping those businesses grow with our support. Our comprehensive and flexible equity capital and junior debt solutions help our partners achieve successful outcomes. Each entity is a separate legal entity and solely responsible for its own acts and/or omissions. They have gotten financing structures that no one else could even approach thus increasing our rates of return. To discuss a potential transactionor to start building a relationship, please contact: For all other general inquiries, please email: [email protected]. 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. They have worked on over 15 transactions for me raising capital in excess of hundreds of millions of dollars. Due to our success, we now have our own fund. 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. What are their criteria for independent sponsor deals? 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. In my opinion, Crux Capital as an independent sponsor is a much better partner for sellers of businesses than a private equity fund. In fact, approximately half of our over 100 platform investments have been in partnership with independent sponsors, both as a control and non-control investor, which we believe makes us one of the most active investors in such transactions in the private capital industry. Employer Name. 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. 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. Sharing the deal economics. We would be proud to work with them anytime." Gregory Young Managing Partner, Isleworth Capital Partners Having originated as an independent sponsor prior to our first fund, the model is in our DNA. Create a funding request to ask for funding from over 5,400+ investors. But what happens when situations arise and portfolio companies underperform, or the macroeconomic environment changes? 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. As independent sponsors, it is critical for us to find a capital partner who thinks collaboratively like an actual partner. The COVID-19 pandemic has impacted nearly every business, positively or negatively, and some more than others. In the end, results are what matter - and they were professionally delivered. They are now emerging from the mayhem and have demonstrated that they are good business owners. 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. 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. 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. Get Better Economics. We often find our clients asking us: Which capital sources make the best partners for independent sponsors? 7733 Forsyth Blvd. We know deals dont sleep, and that means we dont either. He now dedicates his career to helping individuals buy companies, find greater success and live life on their own terms. meet the team: Selecting the right capital partner is critical for independent sponsors. Small Business Investment Companies (SBICs), Special Purpose Acquisition Companies (SPACs) Services, Financial Modeling and Decision Analytics, Paycheck Protection Program (PPP) Loan Forgiveness Assistance, Managed and Outsourced Services to Administer and Safeguard Public Funds, Mitigate Enterprise Risk & Achieve Compliance, Gamechangers in ESG Awards 2023: Coming Soon, CohnReznick: Advisory, Assurance, Tax Firm, For independent sponsors, access to capital is no longer a constraint, Business of Baseball: Highlights From Past Seasons. 2020 | FCP Partners, dba Frisch Capital Partners | PRIVACY POLICY. 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. We dont automate or leave it to chance. And youre ready to own equity. 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 Bassett Creek will forever be grateful to Frisch Capital. Due to our success, we now have our own fund. Similarly, having a third party negotiate on your behalf protects your relationship with your new capital partners. You need to ask the right questions how many independent sponsor deals have they done? I was delighted with their expertise, responsiveness, engagement and overall process management in a large and very successful engagement. Monroe Capital Announces Strategic Minority Investment by Bonaccord Capital Partners / Aberdeen Standard Investments March 03, 2021 06:00 AM Eastern Standard Time Website. 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. What should independent sponsors look for in a capital partner? 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. Salary (2023) H1B Approvals (2023) New on H1BGrader? For an independent sponsor, time is your most precious resource. Contact. We work directly with companies, through intermediaries, in conjunction with fellow private equity and independent sponsors, and alongside operators. Accordingly, a major component of our investment program has always been catering to the unique requirements of independent sponsors. They have worked on over 15 transactions for me raising capital in excess of hundreds of millions of dollars. Our comprehensive and flexible equity capital and junior debt solutions help our partners achieve successful outcomes. Running a deal and putting it into the market has more moving pieces than you would ever realize. In conversations Ive had with capital providers, they believe that differentiation relative to independent sponsors can be achieved in the following areas: 1. Earlsfort Capital Partners Limited, a non-bank property lender, has launched a new lending vehicle, Earlsfort Development Finance DAC, dedicated to providing construction finance for residential . Independence Capital Partners was founded in 1997 to provide back office and infrastructure support to private equity and real estate fund managers. Every single one of our deals is 100% individually tailored and 100% hands-on. Get to know Douglas Song, Alberto Garofalo, and Matthew Cohen as they share insights as members of the independent sponsor community. The military's statement raised the likelihood of a renewed surge in the nearly weeklong violence that . 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. Bob and Drew were trusted business advisors on every aspect of the process. Whereas some independent sponsors are keenly interested in being involved in the companys operations, others are more strategic minded, preferring more passive board roles. Weve coached hundreds of Independent Sponsors through the business-buying process in the last 26+ years. We were somewhat profitable but unable to raise capital to grow. Outside of work, Dave enjoys a wide variety of outdoor activities, traveling, and coaching or cheering on his children. Bob is a veteran deal-doer. Our team has the relevant experience to help businesses grow and navigate through varying economic cycles, Our commitment to building strong partnerships is at the core of our investment philosophy, Our flexible approach allows us to creatively structure solutions for a variety of investment opportunities, 2023 Kirtland Capital Partners | 200 Park Avenue | Suite 225 | Orange Village, Ohio 44122 Phone: 216-593-0100 | Fax: 216-593-0240. Advising on both debt and equity placements, we are a turn-key financing solution for experienced operating and private equity professionals. No other investment bank has specialized in helping Independent Sponsors raise capital as long as we have. 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. A tenuous 24-hour cease-fire ran out Thursday evening with no word of an extension. 313.237.5100 | One Towne Square, Suite 1400, Southfield, MI 48076, 2023 Peninsula Capital Partners | Terms & Conditions. It's a partnership we understand, appreciate, and are always open to exploring. Why is anything less than that reasonable or acceptable? Read More A Network of Independent Sponsors. Top 200 H1B Sponsors. Drew, Bob and Elizabeth delivered exactly as promised. 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. We are a constant source of feedback for many new and experienced independent sponsors. If there is glue on a team, then Caroline is the Frisch glue. 2020 | FCP Partners, dba Frisch Capital Partners | PRIVACY POLICY. 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 . Bob and Drew were trusted business advisors on every aspect of the process. Phone: (424) 238-0730 Fax: (424) 238-0728 Email. I have worked with Frisch capital partners for over 20 years, they have always come through for me and my companies. Invaluable is a word that gets tossed around indiscriminately these days - Bob's guidance was truly invaluable in our case. They are my go to shop for financing for my portfolio companies. We have partnered with independent sponsors in three investments in our current fund: Arch Global Precision, Acme Cosmetic Components and EnviroScience. Kirtland is an equity-focused investor and can be a helpful resource in a variety of transactions, including: Please contact Jim Foley at [email protected] to discuss opportunities to work together. We work directly with companies, through intermediaries, in conjunction with fellow private equity and independent sponsors, and alongside operators. 3. Our great success with independent sponsors owes to the fact that we are uniquely qualified to evaluate, structure and close such deals. Thanks to them we got great economics, did a number of add-ons with a great partner. 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. Partnership model - Merit seeks to be a true partner and is comfortable allowing the sponsor to lead both the transaction and management interaction. Weve raised over $1 BILLION for our Independent Sponsor clients since 1996. Dave invests his personal capital in every transaction and is supported by a broad network of debt and equity co-investors and transaction advisors. We have become very familiar with both the economic and business objectives of independent sponsors, and have gained an appreciation for the variety of approaches independent sponsors have with respect to their role in a target company post-closing. 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. Partnership model Merit seeks to be a true partner and is comfortable allowing the sponsor to lead both the transaction and management interaction. The changing influence of capital providers. They prefer an equal partner someone who complements skills they may be lacking. As your confidant and guide we will get you through the process and coach you every step of the way. CAPITAL RAISING FOR INDEPENDENT SPONSORS GET IN TOUCH Greg Tobben m 314.458.8186 [email protected] Tel: 314.783.9550 www.accesscappartners.com www.independentsponsorfinancing.com www.independentsponsormodel.com Access Capital Partners 7733 Forsyth Blvd. Here are 6 guidelines to help you get the most out of the independent sponsor model: 1. 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. Post transaction, we seek to be an active partner, providing board level support and if necessary, additional capital for further growth. Thanks to them we got great economics, did a number of add-ons with a great partner. 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. Working closely with affiliated fund managers, we develop custom-tailored solutions that satisfy administrative, financial and regulatory requirements. 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. 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. It is very easy for an Independent Sponsor to waste time when the clock is ticking and go down the wrong path when raising capital for their transactions. 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. Weve been in your shoes. Bob helped us formulate and implement a new strategy that allowed us to attract significant funds and build again. He serves on the board of Birmingham Girls Softball, helping to provide athletic and personal development to more than 300 players each year. Kirtland can support independent sponsor led transactions as the control-equity investor. This is notwithstanding that many independent sponsors come from large, successful private equity firms. The most successfulfundless sponsorsfocus on institutional quality deal sourcing, transaction execution, portfolio company monitoring and often invest personal funds along-side other investors. Kirtland was founded back in 1977 as a pledge fund and spent our early years operating under this model. Dave lives in Birmingham, MI with his wife and two daughters. 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. 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. 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. Weve built an incredible network of capital providers that love working with Independent Sponsors. ACP has developed a tailored approach to help independent sponsors efficiently secure the right debt and equity capital partners, on the best economics terms. Nonprofit organizations that are interested in being considered for an invitation to apply . This online training will show you more about our Independent Sponsor model and how to prepare yourself to finally own a business of your own. FOCUS ON VALUE CREATING ACTIVITIES. securecapital and strive to be aninnovator in the space. Quadec seeks to align companies and management teams with the appropriate capital structure to create enduring value. 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 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. Nexia International Limited does not deliver services in its own name or otherwise. Our goal is simple: build value through building the business. Don't get frustrated dealing with an 800 number or national chain insurance providers. (Hint- it's really, really good.). Throughout the transaction, your wisdom, steady hand and goodwill were vital to the successful commercial outcome achieved on behalf of all parties. At CohnReznick, we forge deep and trustworthy relationships with independent sponsors, facilitating and contributing to their success. . 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 look forward to working with Bob and Drew on future opportunities. I was delighted with their expertise, responsiveness, engagement and overall process management in a large and very successful engagement. You know you have the experience and expertise to take a company to the next level. I cannot say it any more strongly than this - Bob saved my company. 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. At CohnReznick, we've noticed that successful independent sponsors meet unique challenges with unique solutions, and we've invited members of the independent sponsor community to take Center Stage to share their achievements, contributions, and unique approaches to achieving their goals. Well find you partners that match up not only financially, but personally and address the specific dynamics of your deal as well. 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. Acting like a funded private equity firm with discretionary capital is a fruitless exercise. Independent Sponsors Experience - Merit has completed a significant number of independent sponsor-led transactions, including several transactions with repeat sponsors. Youre getting the best with decades of experience in raising capital, mergers and acquisitions, private placements, operations and executive coaching. Ask us what our success rate is. In the end, results are what matter - and they were professionally delivered. 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. 4. ACP has developed a tailoredapproach to helpindependent sponsors efficiently secure the right debt and equity capital partners, on the best economics terms. 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. Day and night, week-in and week-out. Private equity and independent sponsors will become more collaborative, thereby leading to a win-win scenario for all stakeholders. Our financing process always aims to exceed market-based Independent Sponsor economics (ie. We invest a significant amount of capital out of our general partnership into every deal. 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; Sure, if you are a first-time sponsor, you have hurdles to overcome in getting that initial deal financed. The tide seems to be shifting as larger middle market funds are jumping into the mix. Elizabeth operates at the cross-section of finance and psychology. They Embrace the Independent Sponsor Model. For over 25 years, Frisch Capital has acted as the financing arm for Independent Sponsors buying companies, raising both debt and equity. Partners-Cap.com. Historically, we saw traditional lower middle market private equity firms leading the way with independent sponsors. 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. He sees the Independent Sponsor model as the method executives and industry experts can take to own and run already established businesses. Suite 1151 St. Louis, Missouri 63105 With an intensive focus on the independent sponsor model, we understand the unique challenges that independent sponsors face in todays evolving market. For more information on Broker Dealers and Registered Representatives visithttps://brokercheck.finra.org/.