We pride ourselves on being a trusted partner and resource in the. A PROVEN RESOURCE TO INDEPENDENT SPONSORS Our goal is simple: build value through building the business. 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. The average size of an angel investor investment on our site is $250,000. 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. What are their criteria for independent sponsor deals? 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. You want him on your team. Prospective capital partners are just getting to know them, and the independent sponsor doesnt yet have an established track record or credibility. They have gotten financing structures that no one else could even approach thus increasing our rates of return. After substantial vetting and comparative shopping FCP was selected as my critical 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. Tregaron Capital. But what happens when situations arise and portfolio companies underperform, or the macroeconomic environment changes? You will not go wrong having Bob on your team. | Suite 1151 | St. Louis, MO 63105 . 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. This is something smaller funds cant do. 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 often find our clients asking us: Which capital sources make the best partners for independent sponsors? WASHINGTON - SBA Administrator Isabella Casillas Guzman, the voice in President Biden's Cabinet for America's over 33 million small businesses, has named Abdirahman Kahin of Afro Deli & Grill in Minnesota as the National Small Business Person of the Year for 2023 at the National Small Business Week (NSBW) awards ceremony in Washington, D.C. . Opportunities that warrant a more conservative capital structure without a significant amount of debt; Growth oriented investments that plan to use debt capacity in the future to fund add-on acquisitions;or. ACP prides itself on a being a trusted partner and resource in the independent sponsor community. When you hire Frisch Capital you dont just get decades of finance/deal experience, but also get exceptional performance coaching. We have partnered with independent sponsors in three investments in our current fund: Arch Global Precision, Acme Cosmetic Components and EnviroScience. 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. Similarly, having a third party negotiate on your behalf protects your relationship with your new capital partners. The tide seems to be shifting as larger middle market funds are jumping into the mix. Read our top tips for developing a healthy acquisition pipeline, facilitating smooth integrations, and more. Quadec seeks to align companies and management teams with the appropriate capital structure to create enduring value. My experience with Frisch Capital was outstanding. Testimonials may not be representative of the experience of other customers and is no guarantee of future performance or success. But youve got a problem: youre not sure where youre going to find the capital. You will not go wrong having Bob on your team. And frankly, being an owner just makes good sense. At CohnReznick, we forge deep and trustworthy relationships with independent sponsors, facilitating and contributing to their success. Don't get frustrated dealing with an 800 number or national chain insurance providers. We work directly with companies, through intermediaries, in conjunction with fellow private equity and independent sponsors, and alongside operators. Acting like a funded private equity firm with discretionary capital is a fruitless exercise. FCP has always believed that the Independent Sponsor client is as important as the deal itself. For an independent sponsor, time is your most precious resource. 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. Independent sponsor fees and economics shouldn't bethe only objective of a sponsor, but they are important. The most successfulfundless sponsorsfocus on institutional quality deal sourcing, transaction execution, portfolio company monitoring and often invest personal funds along-side other investors. I have worked with Frisch capital partners for over 20 years, they have always come through for me and my companies. Dave lives in Birmingham, MI with his wife and two daughters. 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. Thanks to them we got great economics, did a number of add-ons with a great partner. You know that you can make a real difference on the bottom line. Our financing process always aims to exceed market-based Independent Sponsor economics (ie. 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. 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. The two sides continued to battle in central Khartoum and other parts of the country. 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. info@accesscappartners.com| Tel: 314.783.9550 We strive to deliver competitive, flexible capital solutions with the right capital partners to support both . At the same time, there is an increasing number of debt and equity capital partners that predominately or solely focus on independent sponsor transactions. Bob helped us formulate and implement a new strategy that allowed us to attract significant funds and build again. Before Peninsula, Dave spent 10 years at Strength Capital Partners, a committed capital and independent private equity firm in Birmingham, MI. 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. 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. Capital providers are no longer in the drivers seat. This network knows the high standards we have when selecting our clients and the Independent Sponsor deals we work on. He is also an avid golfer, sailor, and a big family man. They are my go to shop for financing for my portfolio companies. "I started Dynasty with my partners more than 12 years ago to address a glaring problem. 2. For more information on Broker Dealers and Registered Representatives visithttps://brokercheck.finra.org/. 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. ACP has developed a tailoredapproach to helpindependent sponsors efficiently secure the right debt and equity capital partners, on the best economics terms. Access Capital Partners is a middle market investment bank focused exclusively on raising debt and equity capital for independent sponsors, executives and family offices. Bob and Drew were trusted business advisors on every aspect of the process. Sharing the deal economics. Unlike many other private capital firms, we are not wedded to a certain investment formula or ownership structure. We partner with company owners and executives looking to: In addition, we partner with talented operators to define and pursue a collaborative investment thesis. Even if you find the capital, how do you know youve got the best economics? In some industries, weve seen record EBITDA multiples, while in others, EBITDA is at an all-time low. A tenuous 24-hour cease-fire ran out Thursday evening with no word of an extension. Independent sponsors are using placement agents more frequently, running competitive processes, and syndicating the transaction. They have worked on over 15 transactions for me raising capital in excess of hundreds of millions of dollars. Colbeck partners with companies during periods of transition, providing creative capital solutions and risk mitigation strategies. While there is no longer a scarcity of capital, first-time sponsors do not yet have strong relationships. Our comprehensive and flexible equity capital and junior debt solutions help our partners achieve successful outcomes. Weve coached hundreds of Independent Sponsors through the business-buying process in the last 26+ years. 3 Traits of Great Independent Sponsor Capital Partners, The ideal independent sponsor funding source embraces the, The best funding sources are strategic they will enable growth by funding add-on acquisitions; they have helpful industry connections; they have insight on best practices to grow a business. Testimonials may not be representative of the experience of other customers and is no guarantee of future performance or 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. 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 . They are my go to shop for financing for my portfolio companies. We are a constant source of feedback for many new and experienced independent sponsors. 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. We're growing andlooking for talented and driven individuals to join our team. Each entity is a separate legal entity and solely responsible for its own acts and/or omissions. A great funding partner brings more to the table than the capital to close your 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. Government contractor valuation tracker: H2 2022. 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. New State fully delivered on all aspects of the combined relationship between co-investors and the Sellers. 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. Save Time. Frisch Capital was a wonderful partner to Bassett Creek Capital. Learn more. A successful and referenceable track record of working with independent sponsors. GREAT WORDS FROM CLIENTS Read Testimonials Now! They have worked on over 15 transactions for me raising capital in excess of hundreds of millions of dollars. Frisch Capital Partners is the premier investment bank to help Independent Sponsors raise capital for their transactions. Assisting with both new acquisitions, as well as recapitalizations, ACP has become a trusted partner in the independent sponsor community. 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. ISS and Glass Lewis Endorsed Hestia's Case for Meaningful Boardroom Change at Pitney Bowes and . . Throughout the transaction, your wisdom, steady hand and goodwill were vital to the successful commercial outcome achieved on behalf of all parties. Sharing the deal economics. Find the Right Partner. He understands the nuances of financial transactions which has served his clients exceedingly well over the years. 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. 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. Advising on both debt and equity placements, we are a turn-key financing solution for experienced operating and private equity professionals. FOCUS ON VALUE CREATING ACTIVITIES. What should independent sponsors look for in a capital partner? Negotiating can be a difficult task. We provide an extensive list of Insurance products to suit whatever your needs may be. We would be proud to work with them anytime." Gregory Young Managing Partner, Isleworth Capital Partners e first step is downloading our White Paper. I was delighted with their expertise, responsiveness, engagement and overall process management in a large and very successful engagement. Weve been in your shoes. Selecting the right capital partner is critical for independent sponsors. We rely on our network of independent sponsor partners to source investment opportunities. Invaluable is a word that gets tossed around indiscriminately these days - Bob's guidance was truly invaluable in our case. We were somewhat profitable but unable to raise capital to grow. Provide introductions to service providers and senior lenders. 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. Private equity value creation: Accelerate growth with strategic, smooth M&A. SCALE OR START YOUR BUSINESS WITH CAPITAL Raise $25,000 To $1,000,000. How has the capital provider behaved? 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. Due to our success, we now have our own fund. Access Capital Partners is a middle market investment bank focused exclusively on raising debt and equity capital for independent sponsors, executives and family offices. 2023 CohnReznick LLP, All Rights Reserved. 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. After substantial vetting and comparative shopping FCP was selected as my critical partner. 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. 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! 3. With an intensive focus on the independent sponsor model, we understand the unique challenges that independent sponsors face in today's evolving market. Accordingly, a major component of our investment program has always been catering to the unique requirements of independent sponsors. T: 301.364.9020 F: 301.364.9022 : home l team l portfolio l news l careers l contact l brochure What economics have they provided sponsors in the past? 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. Elizabeth operates at the cross-section of finance and psychology. 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 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. Frisch has been a critical partner in helping us raise capital for multiple deals as an independent sponsor. CohnReznicks Transactions and Turnaround Practice has been rebranded to Value360. Examples of Capital Partners in a sentence. 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. Frisch is our go-to partner in capital raising. 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. 2020 | FCP Partners, dba Frisch Capital Partners | PRIVACY POLICY. 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. Managed Services and Outsourced Accounting. Learn how this practice has helped clients create value in the business lifecycle in this 2022 year in review. Bassett Creek will forever be grateful to Frisch Capital. 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. 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. The Peninsula Funds seek to invest in superior middle-market companies requiring capital for an acquisition, expansion or recapitalization. For more information on Broker Dealers and Registered Representatives visithttps://brokercheck.finra.org/. 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 . Well find you partners that match up not only financially, but personally and address the specific dynamics of your deal as well. 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. Claudine M. Cohen, Managing Principal, Transactions & Turnaround Advisory. Thanks to them we got great economics, did a number of add-ons with a great partner. 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. Private equity and independent sponsors will become more collaborative, thereby leading to a win-win scenario for all stakeholders. Due to their infrastructure and resource constraints, independent sponsors essentially served as an extension of their sourcing efforts. Bob helped us formulate and implement a new strategy that allowed us to attract significant funds and build again. Phone: (424) 238-0730 Fax: (424) 238-0728 Email. You need to ask the right questions how many independent sponsor deals have they done? Experience Merit has completed a significant number of independent sponsor-led transactions, including several transactions with repeat sponsors. Ocean Avenue Capital Partners 401 Wilshire Boulevard, Suite 1020 Santa Monica, CA 90401. Access Capital Partners is an investment bank focused on raising capital for independent or fundless sponsor acquisitions and recapitalizations. Certainty of close Merit provides certainty to close as a single source of junior capital (both the necessary equity and subordinated debt) for independent sponsors considering multiple financing sources. As your confidant and guide we will get you through the process and coach you every step of the way. 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. I was delighted with their expertise, responsiveness, engagement and overall process management in a large and very successful engagement. Based on their responses, you can decide if they really want to work with you. Frisch is our go-to partner in capital raising. Quadec seeks to align companies and management teams with the appropriate capital structure to create enduring value. Building the business. Running a deal and putting it into the market has more moving pieces than you would ever realize. 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! Nexia International Limited and each of its member firms are separate legal entities and not part of a worldwide partnership. Youre getting the best with decades of experience in raising capital, mergers and acquisitions, private placements, operations and executive coaching. 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. 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. For over 25 years, Frisch Capital has acted as the financing arm for Independent Sponsors buying companies, raising both debt and equity. If you'd like to explore a career with Access Capital Partners, please contact us. Access Capital Partners is not affiliated with StillPoint Capital, LLC. Quadecs Founder and Principal, Dave Hiemstra, has over 22 years of experience with middle market companies. Center Stage with CohnReznick: Prodos Capital LLC. 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. 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. 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. Consequently, they must find creative new ways to differentiate themselves. Rest assured Bob has seen it all. While the 2021 outlook is for a healthy M&A market, many potential participants are wondering if there could be a black swan event. In each case, our capital structure allows for creative financing solutions that work for everyone involved, and . To discuss an opportunity or learn more about how Access Capital Partners helps independent sponsors, please contact Greg Tobben or visit Access Capital Partners. 2. accesscappartners.com, independentsponsorfinancing.com | independentsponsormodel.com| fundlesssponsorcapital.com They prefer an equal partner - someone who complements skills they may be lacking. We're growing andlooking for talented and driven individuals to join our team. Whether this is your first deal or your 5th, you need to talk to us. Both are crucial to getting good Independent Sponsor economics and maintaining a great relationship between all parties. Whereas some independent sponsors are keenly interested in being involved in the companys operations, others are more strategic minded, preferring more passive board roles. 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. 313.237.5100 | One Towne Square, Suite 1400, Southfield, MI 48076, 2023 Peninsula Capital Partners | Terms & Conditions. The changing influence of capital providers. Outside of work, Dave enjoys a wide variety of outdoor activities, traveling, and coaching or cheering on his children. 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.