Accordingly, a major component of our investment program has always been catering to the unique requirements of independent sponsors. 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. What type of funding source would be the best fit for me and my deals? Bob has been in finance for over 40 years. 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. 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 your confidant and guide we will get you through the process and coach you every step of the way. The future for the independent sponsor ecosystem appears bright. Kirtland can support independent sponsor led transactions as the control-equity investor. Provide introductions to service providers and senior lenders. Get Better Economics. Find the Right Capital Partner. 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. Top 200 H1B Job Titles. He serves on the board of Birmingham Girls Softball, helping to provide athletic and personal development to more than 300 players each year. The Oregon Watershed Enhancement Board has awarded seven grants totaling more than $4.1 million for conservation easements to protect working farms and ranches. 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. 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. your closing fees, management fees, carried interest/promote). Our great success with independent sponsors owes to the fact that we are uniquely qualified to evaluate, structure and close such deals. Our founders were focused on finding great deals and helping those businesses grow with our support. Consequently, they must find creative new ways to differentiate themselves. Read More A Network of Independent Sponsors. For all other general inquiries, please email: LEVERAGE OUR RELATIONSHIPS AND EXPERTISE. As a segment of private equity growing in size and relevance, independent sponsors face a variety of unique challenges, including sourcing transactions, raising capital, and managing resources. Our financing process always aims to exceed market-based Independent Sponsor economics (ie. Sudan army demands rivals' surrender as cease-fire runs out 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 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. 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. Access Capital Partners (ACP) is a middle market investment bank focused exclusively on raising debt and equitycapital for independent sponsors, executives and family offices. Outside of work, Dave enjoys a wide variety of outdoor activities, traveling, and coaching or cheering on his children. Quadecs Founder and Principal, Dave Hiemstra, has over 22 years of experience with middle market companies. Independent Sponsors | New State Capital Partners CohnReznick LLP is a member firm of the Nexia International network. Weve coached hundreds of Independent Sponsors through the business-buying process in the last 26+ years. 7733 Forsyth Blvd. Back then especially, independent financial advisors in the RIA channel lacked a product-neutral source for . Invaluable is a word that gets tossed around indiscriminately these days - Bob's guidance was truly invaluable in our case. "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. I would recommend FCP for any capital raising, transaction or sale oriented services. Independent Sponsors | Financing Solutions - Access Capital Salary (2023) H1B Approvals (2023) New on H1BGrader? Private debt funds have flexibility in their capital structures, with many able to pick up a sizable piece of the equity needs. Frisch has been a critical partner in helping us raise capital for multiple deals as an independent sponsor. I recently participated in the 10th Independent Sponsors Summit presented by iGlobal Forum. Contact. 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. 3. Situations where your mezzanine lender has a limited appetite for equity capital inyour transaction. Making the Most Out of the Independent Sponsor Model - Access Capital We havepartnered with independent sponsors in three investments in our current fund: Arch Global Precision, Acme Cosmetic Componentsand EnviroScience. They are my go to shop for financing for my portfolio companies. If you'd like to explore a career with Access Capital Partners, please. Managed Services and Outsourced Accounting. 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. You need to ask the right questions how many independent sponsor deals have they done? 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. Family offices, while still a viable provider of capital, are losing out to traditional private equity, which has stepped up in providing competitive economics. Access Capital Partners is an investment bank focused on raising capital for independent or fundless sponsor acquisitions and recapitalizations. When we're hired, we pride ourselves on delivering results. Since our formation in 2012, we have closed more than 35 investments with independent sponsors. The Peninsula Funds seek to invest in superior middle-market companies requiring capital for an acquisition, expansion or recapitalization. We have partnered with independent sponsors in three investments in our current fund: Arch Global Precision, Acme Cosmetic Components and EnviroScience. When we call with a deal, they pick up the phone. 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. GREAT WORDS FROM CLIENTS Read Testimonials Now! We pride ourselves on being there for our clients from the beginning (Pre-LOI) to the end (the wiring of money). Partnership model - Merit seeks to be a true partner and is comfortable allowing the sponsor to lead both the transaction and management interaction. 2022 McGuireWoods Independent Sponsor Conference - Bizzabo We've spent years building relationships with alternatives debt funds, family offices, private equity firms and traditional institutional LPs that invest with independent sponsors. Historically, we saw traditional lower middle market private equity firms leading the way with independent sponsors. 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. | Suite 1151 | St. Louis, MO 63105 Team What We Do 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. Drew, Bob and Elizabeth delivered exactly as promised. This may include including origination, carry, and annual management fees. I am happy to discuss at any time. Quadec seeks to align companies and management teams with the appropriate capital structure to create enduring value. We'll gladly provide guidance on transaction viability, structures and capital alternatives to help you refine which opportunities to pursue. What we offer to independent sponsors. Nonprofit organizations that are interested in being considered for an invitation to apply . 2023 CohnReznick LLP, All Rights Reserved. We understand the complex processes and . 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. Independent Sponsor Spotlight: Rob Bauer of Bassett Creek Capital Create a funding request to ask for funding from over 5,400+ investors. Bassett Creek will forever be grateful to Frisch Capital. We pride ourselves on being a trusted partner and resource in the. Partners-Cap.com. Sure, if you are a first-time sponsor, you have hurdles to overcome in getting that initial deal financed. Youre getting the best with decades of experience in raising capital, mergers and acquisitions, private placements, operations and executive coaching. Our model supports an unwavering belief in our investment philosophy, the growth potential of our companies, and most importantly, the operators we back. 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. 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. Save Time. Access Capital Partners is a middle market investment bank focused exclusively on raising debt and equity capital for independent sponsors, executives and family offices. As independent sponsors, it is critical for us to find a capital partner who thinks collaboratively like an actual partner. Community Giving - Corporate Social Responsibility - Wells Fargo In the end, results are what matter - and they were professionally delivered. Fit matters in a partnership, especially as an independent sponsor. 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. SCALE OR START YOUR BUSINESS WITH CAPITAL Raise $25,000 To $1,000,000. My experience with Frisch Capital was outstanding. 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. 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. We've changed the way the. 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. Dave invests his personal capital in every transaction and is supported by a broad network of debt and equity co-investors and transaction advisors. Working closely with affiliated fund managers, we develop custom-tailored solutions that satisfy administrative, financial and regulatory requirements. This network knows the high standards we have when selecting our clients and the Independent Sponsor deals we work on. Hestia Capital Highlights Recent Support from Two Leading Independent Our financing process always aims to exceed market-based Independent Sponsor economics (ie. 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. Monroe Capital Announces Strategic Minority Investment by Bonaccord Capital Partners / Aberdeen Standard Investments March 03, 2021 06:00 AM Eastern Standard Time H1B Sponsoring Companies List 2023 - by Alphabet, Salaries They prefer an equal partner someone who complements skills they may be lacking. 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. Government contractor valuation tracker: H2 2022. 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. Independent Sponsors: A Critical and Evolving Deal Flow Channel Unlike many other private capital firms, we are not wedded to a certain investment formula or ownership structure. After substantial vetting and comparative shopping FCP was selected as my critical partner. 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. He now dedicates his career to helping individuals buy companies, find greater success and live life on their own terms. The military's statement raised the likelihood of a renewed surge in the nearly weeklong violence that . Having originated as an independent sponsor prior to our first fund, the model is in our DNA. Phone: (424) 238-0730 Fax: (424) 238-0728 Email. Acting like a funded private equity firm with discretionary capital is a fruitless exercise. What should independent sponsors look for in a capital partner? 4. 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. An ability to provide dry powder for add-on acquisitions. We provide an extensive list of Insurance products to suit whatever your needs may be. 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. Independent Sponsors. Want Better Independent Sponsor Economics or More Complimentary Partners? Get to know Douglas Song, Alberto Garofalo, and Matthew Cohen as they share insights as members of the independent sponsor community. 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. From refining your thesis, marketing your deal, negotiating great Independent Sponsor . Access Capital Partners is not affiliated with StillPoint Capital, LLC. 2020 | FCP Partners, dba Frisch Capital Partners | PRIVACY POLICY. We know the ins and outs of deals, raising capital and finding the right investors to partner with you. accesscappartners.com, independentsponsorfinancing.com | independentsponsormodel.com| fundlesssponsorcapital.com At Capital Partners Insurance we strive to provide our customers with exceptional Insurance protection. Rest assured Bob has seen it all. The changing influence of capital providers. Capital providers are no longer in the drivers seat. 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. Assisting with both new acquisitions, as well as recapitalizations, ACP has become a trusted partner in the independent sponsor community. You have direct access to our team of experienced professionals, from senior investment bankers all the way down to analysts. 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. Investment Criteria | Peninsula Capital Partners L.L.C. Access Capital Partners is a middle market investment bank focused exclusively on raising debt and equity capital for independent sponsors, executives and family offices. 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. We dont automate or leave it to chance. He is also an avid golfer, sailor, and a big family man. For more information on Broker Dealers and Registered Representatives visithttps://brokercheck.finra.org/. Orix Private Equity Solutions - the Leading Equity Capital Partner for For over 25 years, Frisch Capital has acted as the financing arm for Independent Sponsors buying companies, raising both debt and equity. Well do whatever it takes to get the deal done. No other investment bank has specialized in helping Independent Sponsors raise capital as long as we have. Our systems and proprietary process, along with our deep relationships in the marketplace, allow us to be extremely efficient. 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. 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. 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. . This may include including origination, carry, and annual management fees. 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. Private Equity Independent Sponsors | Capital Raising I Sourcing ACP prides itself on a being a trusted partner and resource in the independent sponsor community. Even if you find the capital, how do you know youve got the best economics? ISS and Glass Lewis Endorsed Hestia's Case for Meaningful Boardroom Change at Pitney Bowes and . I was delighted with their expertise, responsiveness, engagement and overall process management in a large and very successful engagement. No other investment bank has specialized in helping Independent Sponsors raise capital as long as we have. 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. In my opinion, Crux Capital as an independent sponsor is a much better partner for sellers of businesses than a private equity fund. Caroline is here to put her decades of experience in details to work for you. 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. Quadec seeks to align companies and management teams with the appropriate capital structure to create enduring value. My family and partners are eternally grateful to Bob for his assistance. Weve raised over $1 BILLION for our Independent Sponsor clients since 1996. 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 helped us formulate and implement a new strategy that allowed us to attract significant funds and build again. Get Better Economics. I was delighted with their expertise, responsiveness, engagement and overall process management in a large and very successful engagement. 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 . During the honeymoon period of the transaction, its easy for things to go well. Weve seen it all through the years. CohnReznicks Transactions and Turnaround Practice has been rebranded to Value360. 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 believe the best partnerships are a result of aligned interests that's why the partners at Tregaron are the largest investors in the fund. We are still looking to invest in great deals, including those sourced by independent sponsors. Monroe Capital Announces Strategic Minority Investment by Bonaccord Frisch has been a critical partner in helping us raise capital for multiple deals as an independent sponsor. 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. Frisch is our go-to partner in capital raising. We strive to deliver competitive, flexible capital solutions with the right capital partners to support both . This is notwithstanding that many independent sponsors come from large, successful private equity firms. Whether this is your first deal or your 5th, you need to talk to us. 2. 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. Post transaction, we seek to be an active partner, providing board level support and if necessary, additional capital for further growth. We know deals dont sleep, and that means we dont either. We partner with company owners and executives looking to: In addition, we partner with talented operators to define and pursue a collaborative investment thesis. Kirtland can support independent sponsor led transactions as the control-equity investor. Access to Capital No Longer a Constraint for Independent Sponsors Independent Sponsor | Financing Experts | Frisch Capital Partners Hestia Capital Highlights Recent Support from Two Leading Independent Proxy Advisory Firms. While no two transactions are alike, historically, ACP clients have achieved above market deal fees, ongoing compensation, management fees and equity participation. 313.237.5100 | One Towne Square, Suite 1400, Southfield, MI 48076, 2023 Peninsula Capital Partners | Terms & Conditions. What economics have they provided sponsors in the past? We're growing andlooking for talented and driven individuals to join our team. e first step is downloading our White Paper. We would be proud to work with them anytime." Gregory Young Managing Partner, Isleworth Capital Partners Independent Sponsors Work With Us | Frisch Capital Partners We work directly with companies, through intermediaries, in conjunction with fellow private equity and independent sponsors, and alongside operators. Since 2013, Dave has taught an MBA course at Ross titled Entrepreneurship through Acquisition. Nexia International Limited does not deliver services in its own name or otherwise. They Embrace the Independent Sponsor Model. Grade. While the 2021 outlook is for a healthy M&A market, many potential participants are wondering if there could be a black swan event. EY Announces Shirl Penney of Dynasty Financial Partners as an We are a constant source of feedback for many new and experienced independent sponsors. Our comprehensive and flexible equity capital and junior debt solutions help our partners achieve successful outcomes. And frankly, being an owner just makes good sense. Independent Sponsors Experience - Merit has completed a significant number of independent sponsor-led transactions, including several transactions with repeat sponsors. Day and night, week-in and week-out. But youve got a problem: youre not sure where youre going to find the capital. Due to our success, we now have our own fund. We work directly with companies, through intermediaries, in conjunction with fellow private equity and independent sponsors, and alongside operators. Bassett Creek will forever be grateful to Frisch Capital. 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. Learn how this practice has helped clients create value in the business lifecycle in this 2022 year in review. We invest a significant amount of capital out of our general partnership into every deal. Sudan's military has ruled out negotiations with a rival paramilitary force, saying it would only accept its surrender. 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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