And frankly, being an owner just makes good sense. You have direct access to our team of experienced professionals, from senior investment bankers all the way down to analysts. I recently participated in the 10th Independent Sponsors Summit presented by iGlobal Forum. Team What We Do Frisch Capital Partners is the premier investment bank to help Independent Sponsors raise capital for their transactions. 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 . Angel Investors - Ask For Funding - Post a Funding Request Today Consequently, they must find creative new ways to differentiate themselves. Experience Merit has completed a significant number of independent sponsor-led transactions, including several transactions with repeat sponsors. We are a constant source of feedback for many new and experienced independent sponsors. Want Better Independent Sponsor Economics or More Complimentary Partners? The Oregon Watershed Enhancement Board has awarded seven grants totaling more than $4.1 million for conservation easements to protect working farms and ranches. Nexia International Limited does not deliver services in its own name or otherwise. We look forward to working with Bob and Drew on future opportunities. As your confidant and guide we will get you through the process and coach you every step of the way. 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. You will not go wrong having Bob on your team. Independent Sponsor Spotlight: Wayne Moore of Crux Capital Funding comes from the state . 4. "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. Independent Sponsor Spotlight: Rob Bauer of Bassett Creek Capital Learn more in this free training of how this works. We've changed the way the. Situations where your mezzanine lender has a limited appetite for equity capital inyour transaction. They are my go to shop for financing for my portfolio companies. For all other general inquiries, please email: LEVERAGE OUR RELATIONSHIPS AND EXPERTISE. Building the business. This network knows the high standards we have when selecting our clients and the Independent Sponsor deals we work on. They prefer an equal partner - someone who complements skills they may be lacking. You know you have the experience and expertise to take a company to the next level. When we're hired, we pride ourselves on delivering results. Access Capital Partners is not affiliated with StillPoint Capital, LLC. Save Time. Just being able to close the initial platform is not sufficient. At Capital Partners Insurance we strive to provide our customers with exceptional Insurance protection. 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. 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. Back then especially, independent financial advisors in the RIA channel lacked a product-neutral source for . The changing influence of capital providers. We've changed the way the independentsponsorssecurecapital and strive to be aninnovator in the space. This may include including origination, carry, and annual management fees. 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. Our role is to support management with strategic guidance and our ability to identify, evaluate, and execute add-on acquisition opportunities. I cannot say it any more strongly than this - Bob saved my company. Hestia Capital Highlights Recent Support from Two Leading Independent Having closed so many deals with independent sponsors over such an extended period of time provides us a rare perspective. Rest assured Bob has seen it all. Quadec seeks to align companies and management teams with the appropriate capital structure to create enduring value. We invest a significant amount of capital out of our general partnership into every deal. You want him on your team. 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. My family and partners are eternally grateful to Bob for his assistance. We provide an extensive list of Insurance products to suit whatever your needs may be. Bob helped us formulate and implement a new strategy that allowed us to attract significant funds and build again. His expertise is unmatched. Every single one of our deals is 100% individually tailored and 100% hands-on. With FCP on your side, you will have a strategic partner that understands your vision and will work tirelessly to sell you, your experience, your know-how, and your value-add to the transaction in a way that only a third party can. While the 2021 outlook is for a healthy M&A market, many potential participants are wondering if there could be a black swan event. He serves on the board of Birmingham Girls Softball, helping to provide athletic and personal development to more than 300 players each year. Invaluable is a word that gets tossed around indiscriminately these days - Bob's guidance was truly invaluable in our case. The two sides continued to battle in central Khartoum and other parts of the country. As independent sponsors, it is critical for us to find a capital partner who thinks collaboratively like an actual partner. Sudan army demands rivals' surrender as cease-fire runs out CohnReznick LLP is a member firm of the Nexia International network. 3. Monroe Capital Announces Strategic Minority Investment by Bonaccord 2023 CohnReznick LLP, All Rights Reserved. 2. Our comprehensive and flexible equity capital and junior debt solutions help our partners achieve successful outcomes. 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. Investment Criteria | Peninsula Capital Partners L.L.C. Each entity is a separate legal entity and solely responsible for its own acts and/or omissions. If there is glue on a team, then Caroline is the Frisch glue. This prestigious award recognizes . Weve coached hundreds of Independent Sponsors through the business-buying process in the last 26+ years. We've alsodeveloped a tailored approach that creates optionality, uncovers the right capital partners and improves success rates. 2020 | FCP Partners, dba Frisch Capital Partners | PRIVACY POLICY. When we call with a deal, they pick up the phone. Working closely with affiliated fund managers, we develop custom-tailored solutions that satisfy administrative, financial and regulatory requirements. With an intensive focus on the independent sponsor model, we understand the unique challenges that independent sponsors face in todays evolving market. Whereas some independent sponsors are keenly interested in being involved in the companys operations, others are more strategic minded, preferring more passive board roles. While there is no longer a scarcity of capital, first-time sponsors do not yet have strong relationships. meet the team: Since 2013, Dave has taught an MBA course at Ross titled Entrepreneurship through Acquisition. The military's statement raised the likelihood of a renewed surge in the nearly weeklong violence that . 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. Unlike many other private capital firms, we are not wedded to a certain investment formula or ownership structure. 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. We've spent years building relationships with alternatives debt funds, family offices, private equity firms and traditional institutional LPs that invest with independent sponsors. Weve built an incredible network of capital providers that love working with Independent Sponsors. "I started Dynasty with my partners more than 12 years ago to address a glaring problem. State awards grants to preserve Oregon farms, ranches Sharing the deal economics. your closing fees, management fees, carried interest/promote). Private Equity Independent Sponsors | Capital Raising I Sourcing How has the capital provider behaved? Negotiating can be a difficult task. Monroe Capital Announces Strategic Minority Investment by Bonaccord Capital Partners / Aberdeen Standard Investments March 03, 2021 06:00 AM Eastern Standard Time What type of funding source would be the best fit for me and my deals? 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. ACP has developed a tailoredapproach to helpindependent sponsors efficiently secure the right debt and equity capital partners, on the best economics terms. Many independent sponsors came with deep operating expertise, complementing the strength of their existing deal teams. Partners-Cap.com. 2020 | FCP Partners, dba Frisch Capital Partners | PRIVACY POLICY. Sudan's military has ruled out negotiations with a rival paramilitary force, saying it would only accept its surrender. For more information on Broker Dealers and Registered Representatives visithttps://brokercheck.finra.org/. Post transaction, we seek to be an active partner, providing board level support and if necessary, additional capital for further growth. 2. 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. 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. We were somewhat profitable but unable to raise capital to grow. As of 30 December 2022, the 294-person firm had $48 billion in assets under management. Due to our success, we now have our own fund. But youve got a problem: youre not sure where youre going to find the capital. Outside of work, Dave enjoys a wide variety of outdoor activities, traveling, and coaching or cheering on his children. 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. Services Direct Investments - Cap Expand Partners Historically, we saw traditional lower middle market private equity firms leading the way with independent sponsors. ISS and Glass Lewis Endorsed Hestia's Case for Meaningful Boardroom Change at Pitney Bowes and . 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. We pride ourselves on being a trusted partner and resource in the. Frisch is our go-to partner in capital raising. Read our top tips for developing a healthy acquisition pipeline, facilitating smooth integrations, and more. Nexia International Limited and each of its member firms are separate legal entities and not part of a worldwide partnership. Macroeconomic factors and other variables are playing into a frothy market, including low interest rates, plenty of capital, and valuations that seem to have a life of their own. Weve seen it all through the years. Our model supports an unwavering belief in our investment philosophy, the growth potential of our companies, and most importantly, the operators we back. Capitol Partners - Home In each case, our capital structure allows for creative financing solutions that work for everyone involved, and . While the industry has changed, the concepts have not. Greg Porto | email Greg Tobben | email, Access Capital Partners Why is anything less than that reasonable or acceptable? I cannot say it any more strongly than this - Bob saved my company. 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. 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. Hestia Capital Highlights Recent Support from Two Leading Independent Proxy Advisory Firms. 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. Learn more. Leveraging the Independent Sponsor Model: Achieving Long - SlideShare We would be proud to work with them anytime." Gregory Young Managing Partner, Isleworth Capital Partners We'll gladly provide guidance on transaction viability, structures and capital alternatives to help you refine which opportunities to pursue. 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. Prospective capital partners are just getting to know them, and the independent sponsor doesnt yet have an established track record or credibility. Subscribe to Merit Capital communications. 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. A tenuous 24-hour cease-fire ran out Thursday evening with no word of an extension. SAVE TIME. You need to ask the right questions how many independent sponsor deals have they done? I have worked with Frisch capital partners for over 20 years, they have always come through for me and my companies. In my opinion, Crux Capital as an independent sponsor is a much better partner for sellers of businesses than a private equity fund. The future for the independent sponsor ecosystem appears bright. 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. 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. Frisch Capital Partners is the premier investment bank to help Independent Sponsors raise capital for their transactions. 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. Independent Sponsor | Financing Experts | Frisch Capital Partners Invaluable is a word that gets tossed around indiscriminately these days - Bob's guidance was truly invaluable in our case. 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. CohnReznicks Transactions and Turnaround Practice has been rebranded to Value360. Access Capital Partners is an investment bank focused on raising capital for independent or fundless sponsor acquisitions and recapitalizations. 2. During the honeymoon period of the transaction, its easy for things to go well. 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. 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. Fit matters in a partnership, especially as an independent sponsor. Frisch Capital was a wonderful partner to Bassett Creek Capital. If you'd like to explore a career with Access Capital Partners, please. Youre getting the best with decades of experience in raising capital, mergers and acquisitions, private placements, operations and executive coaching. 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. T: 301.364.9020 F: 301.364.9022 : home l team l portfolio l news l careers l contact l brochure 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. With an intensive focus on the independent sponsor model, we understand the unique challenges that independent sponsors face in today's evolving market. Frisch has been a critical partner in helping us raise capital for multiple deals as an independent sponsor. We are still looking to invest in great deals, including those sourced by independent sponsors. 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. 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. In some industries, weve seen record EBITDA multiples, while in others, EBITDA is at an all-time low. 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. Independent Sponsors | Kirtland Capital Partners | Private Equity Firm Request Funding. 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. Be careful not to fall into the trap of accepting below market economics if you can avoid it. We understand the complex processes and . Independent Sponsors | Merit Capital He sees the Independent Sponsor model as the method executives and industry experts can take to own and run already established businesses. 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. 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. 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. 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. 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. Partnership model Merit seeks to be a true partner and is comfortable allowing the sponsor to lead both the transaction and management interaction. 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. Kirtland can support independent sponsor led transactions as the control-equity investor. In conversations Ive had with capital providers, they believe that differentiation relative to independent sponsors can be achieved in the following areas: 1. Advising on both debt and equity placements, we are a turn-key financing solution for experienced operating and private equity professionals. Frisch is our go-to partner in capital raising. No other investment bank has specialized in helping Independent Sponsors raise capital as long as we have. Colbeck Capital Sponsors Children's Tumor Foundation in 2023 TD Five At the same time, there is an increasing number of debt and equity capital partners that predominately or solely focus on independent sponsor transactions.
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