EY Announces Shirl Penney of Dynasty Financial Partners as an We work directly with companies, through intermediaries, in conjunction with fellow private equity and independent sponsors, and alongside operators. In conversations Ive had with capital providers, they believe that differentiation relative to independent sponsors can be achieved in the following areas: 1. We would be proud to work with them anytime." Gregory Young Managing Partner, Isleworth Capital Partners Throughout the transaction, your wisdom, steady hand and goodwill were vital to the successful commercial outcome achieved on behalf of all parties. Independent Sponsors: A Critical and Evolving Deal Flow Channel Having originated as an independent sponsor prior to our first fund, the model is in our DNA. Frisch Capital was a wonderful partner to Bassett Creek Capital. Kirtland can support independent sponsor led transactions as the control-equity investor. Frisch is our go-to partner in capital raising. 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. They have gotten financing structures that no one else could even approach thus increasing our rates of return. Our comprehensive and flexible equity capital and junior debt solutions help our partners achieve successful outcomes. I recently participated in the 10th Independent Sponsors Summit presented by iGlobal Forum. Get Better Economics. Find the Right Capital Partner. 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 started Dynasty with my partners more than 12 years ago to address a glaring problem. PDF Independent Sponsors: How to Leverage This Valuable Channel for We will not spam, rent or sell your email. In addition to supporting management by serving on the boards of more than ten private companies, Dave has developed expertise in sourcing transaction opportunities, evaluating businesses and industries, conducting and facilitating due diligence, raising capital, and negotiating transaction documents. We 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. Be careful not to fall into the trap of accepting below market economics if you can avoid it. 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. Bob and Drew were trusted business advisors on every aspect of the process. Quadec Private Capital | Independent Sponsor | United States I have worked with Frisch capital partners for over 20 years, they have always come through for me and my companies. Weve coached hundreds of Independent Sponsors through the business-buying process in the last 26+ years. 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. Frisch has been a critical partner in helping us raise capital for multiple deals as an independent sponsor. 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. These platforms result in multiple acquisitions requiring easily north of $100-$200 million of equity over a three- to five-year time horizon. We know the ins and outs of deals, raising capital and finding the right investors to partner with you. 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. Phone: (424) 238-0730 Fax: (424) 238-0728 Email. They Embrace the Independent Sponsor Model. The most successfulfundless sponsorsfocus on institutional quality deal sourcing, transaction execution, portfolio company monitoring and often invest personal funds along-side other investors. A successful and referenceable track record of working with independent sponsors. 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 . Creating value. Tregaron Capital. The need for the capital provider to control the deal is in many times a "deal killer" for 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. Access Capital Partners (ACP) is a middle market investment bank focused exclusively on raising debt and equity capital for independent sponsors, executives and family offices. They are my go to shop for financing for my portfolio companies. The COVID-19 pandemic has impacted nearly every business, positively or negatively, and some more than others. Just being able to close the initial platform is not sufficient. Nonprofit organizations that are interested in being considered for an invitation to apply . ACP has developed a tailoredapproach to helpindependent sponsors efficiently secure the right debt and equity capital partners, on the best economics terms. Testimonials may not be representative of the experience of other customers and is no guarantee of future performance or success. We strive to deliver competitive, flexible capital solutions with the right capital partners to support both . 2. Sudan army demands rivals' surrender as cease-fire runs out 4. Weve seen it all through the years. 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. Dave invests his personal capital in every transaction and is supported by a broad network of debt and equity co-investors and transaction advisors. Since 2013, Dave has taught an MBA course at Ross titled Entrepreneurship through Acquisition. Both are crucial to getting good Independent Sponsor economics and maintaining a great relationship between all parties. To discuss an opportunity or learn more about how Access Capital Partners helps independent sponsors, please contact Greg Tobben or visit Access Capital Partners. We have partnered with independent sponsors in three investments in our current fund: Arch Global Precision, Acme Cosmetic Components and EnviroScience. They have gotten financing structures that no one else could even approach thus increasing our rates of return. 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. This may include including origination, carry, and annual management fees. 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. securecapital and strive to be aninnovator in the space. Youre getting the best with decades of experience in raising capital, mergers and acquisitions, private placements, operations and executive coaching. Grade. Employer Name. Situations where your mezzanine lender has a limited appetite for equity capital inyour transaction. You want him on your team. Acting like a funded private equity firm with discretionary capital is a fruitless exercise. They are my go to shop for financing for my portfolio companies. 2. Many independent sponsors came with deep operating expertise, complementing the strength of their existing deal teams. Private equity and independent sponsors will become more collaborative, thereby leading to a win-win scenario for all stakeholders. We'll gladly provide guidance on transaction viability, structures and capital alternatives to help you refine which opportunities to pursue. The Oregon Watershed Enhancement Board has awarded seven grants totaling more than $4.1 million for conservation easements to protect working farms and ranches. 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. I am happy to discuss at any time. And frankly, being an owner just makes good sense. 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. This makes our incentives much more aligned with all the shareholders, including sellers who maintain a stake in their company. Leveraging the Independent Sponsor Model: Achieving Long - SlideShare 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. 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. Access Capital Partners is an investment bank focused on raising capital for independent or fundless sponsor acquisitions and recapitalizations. At the same time, there is an increasing number of debt and equity capital partners that predominately or solely focus on independent sponsor transactions. In my opinion, Crux Capital as an independent sponsor is a much better partner for sellers of businesses than a private equity fund. Having closed so many deals with independent sponsors over such an extended period of time provides us a rare perspective. At Capital Partners Insurance we strive to provide our customers with exceptional Insurance protection. 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! Frisch has been a critical partner in helping us raise capital for multiple deals as an independent sponsor. Bob helped us formulate and implement a new strategy that allowed us to attract significant funds and build again. Greg Porto | email Greg Tobben | email, Access Capital Partners 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 model supports an unwavering belief in our investment philosophy, the growth potential of our companies, and most importantly, the operators we back. T: 301.364.9020 F: 301.364.9022 : home l team l portfolio l news l careers l contact l brochure Weve raised over $1 BILLION for our Independent Sponsor clients since 1996. 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. Independent Sponsors | Merit Capital A tenuous 24-hour cease-fire ran out Thursday evening with no word of an extension. 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. Well do whatever it takes to get the deal done. For over 25 years, Frisch Capital has acted as the financing arm for Independent Sponsors buying companies, raising both debt and equity. Thanks to them we got great economics, did a number of add-ons with a great partner. Quadecs Founder and Principal, Dave Hiemstra, has over 22 years of experience with middle market companies. Hestia Capital Highlights Recent Support from Two Leading Independent 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. Frisch Capital Partners offer operational and industry expertise that many investors, whether established private equity firms or otherwise, find ultimately contribute to the success of the investment. Community Giving - Corporate Social Responsibility - Wells Fargo 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; Suite 1151 St. Louis, Missouri 63105 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. As you know, when an Independent Sponsor has a deal under exclusivity EVERY DAY MATTERS! her responsibilities go on and on. "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. 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. As independent sponsors, it is critical for us to find a capital partner who thinks collaboratively like an actual partner. What type of funding source would be the best fit for me and my deals? No other investment bank has specialized in helping Independent Sponsors raise capital as long as we have. 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. 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 have direct access to our team of experienced professionals, from senior investment bankers all the way down to analysts. Farragut Capital Partners While the 2021 outlook is for a healthy M&A market, many potential participants are wondering if there could be a black swan event. How has the capital provider behaved? Website. Our founders were focused on finding great deals and helping those businesses grow with our support. 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. Historically, we saw traditional lower middle market private equity firms leading the way with independent sponsors. Family offices, while still a viable provider of capital, are losing out to traditional private equity, which has stepped up in providing competitive economics. Investment Criteria | Peninsula Capital Partners L.L.C. Independent Sponsors | Financing Solutions - Access Capital Don't get frustrated dealing with an 800 number or national chain insurance providers. Independent Sponsors Work With Us | Frisch Capital Partners We were somewhat profitable but unable to raise capital to grow. Fit matters in a partnership, especially as an independent sponsor. But youve got a problem: youre not sure where youre going to find the capital. A great funding partner brings more to the table than the capital to close your deal. Top 200 H1B Sponsors. Angel Investors - Ask For Funding - Post a Funding Request Today Center Stage with CohnReznick: Prodos Capital LLC. My experience with Frisch Capital was outstanding. We know deals dont sleep, and that means we dont either. Before Peninsula, Dave spent 10 years at Strength Capital Partners, a committed capital and independent private equity firm in Birmingham, MI. Due to our success, we now have our own fund. 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. They are now emerging from the mayhem and have demonstrated that they are good business owners. (Hint- it's really, really good.). Sharing the deal economics. meet the team: Why is anything less than that reasonable or acceptable? Advising on both debt and equity placements, we are a turn-key financing solution for experienced operating and private equity professionals. Weve been in your shoes. The time consuming, emotional and thankless process of raising capital is taken off your shoulders. At CohnReznick, we forge deep and trustworthy relationships with independent sponsors, facilitating and contributing to their success. Throughout the transaction, your wisdom, steady hand and goodwill were vital to the successful commercial outcome achieved on behalf of all parties. I was delighted with their expertise, responsiveness, engagement and overall process management in a large and very successful engagement. My experience with Frisch Capital was outstanding. The independent sponsor comes to the table with intimate industry knowledge, a value creation mindset, and the ability to roll up their sleeves. Get Better Economics. In each case, our capital structure allows for creative financing solutions that work for everyone involved, and . We've changed the way the. 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. In some industries, weve seen record EBITDA multiples, while in others, EBITDA is at an all-time low. Assisting with both new acquisitions, as well as recapitalizations, ACP has become a trusted partner in the independent sponsor community. Fundless and Independent Sponsor Financing | Debt & Equity Capial You will not go wrong having Bob on your team. CohnReznick LLP is a member firm of the Nexia International network. Back then especially, independent financial advisors in the RIA channel lacked a product-neutral source for . This prestigious award recognizes . 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. Meet Our Team - Frisch Capital Partners
capital partners for independent sponsors