Dave lives in Birmingham, MI with his wife and two daughters. How has the capital provider behaved? Access Capital Partners (ACP) is a middle market investment bank focused exclusively on raising debt and equitycapital for independent sponsors, executives and family offices. We pride ourselves on being there for our clients from the beginning (Pre-LOI) to the end (the wiring of money). Just being able to close the initial platform is not sufficient. For more information on Broker Dealers and Registered Representatives visithttps://brokercheck.finra.org/. 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. 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. Managed Services and Outsourced Accounting. How do they see your role after the transaction closes? Bassett Creek will forever be grateful to Frisch Capital. Private Equity Independent Sponsors | Capital Raising I Sourcing 2023 CohnReznick LLP, All Rights Reserved. Find the Right Partner. My experience with Frisch Capital was outstanding. He now dedicates his career to helping individuals buy companies, find greater success and live life on their own terms. Fit matters in a partnership, especially as an independent sponsor. Well do whatever it takes to get the deal done. Frisch Capital was a wonderful partner to Bassett Creek Capital. Partner With Us Ocean Avenue Capital Partners Independent Sponsors | Peninsula Capital Partners L.L.C. 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. 2. What economics have they provided sponsors in the past? 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. 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. We know the ins and outs of deals, raising capital and finding the right investors to partner with you. This may include including origination, carry, and annual management fees. We look forward to working with Bob and Drew on future opportunities. We know deals dont sleep, and that means we dont either. Accordingly, a major component of our investment program has always been catering to the unique requirements of independent sponsors. You want him on your team. We will not spam, rent or sell your email. He knows what its like to be in your shoes. When we're hired, we pride ourselves on delivering results. We dont automate or leave it to chance. Many independent sponsors came with deep operating expertise, complementing the strength of their existing deal teams. 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. 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. Quadec seeks to align companies and management teams with the appropriate capital structure to create enduring value. Supporting growth. additional capital. Our systems and proprietary process, along with our deep relationships in the marketplace, allow us to be extremely efficient. They prefer an equal partner someone who complements skills they may be lacking. Prospective capital partners are just getting to know them, and the independent sponsor doesnt yet have an established track record or credibility. We would be proud to work with them anytime." Gregory Young Managing Partner, Isleworth Capital Partners 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. 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. In this case, we use our extensive deal flow to identify opportunities well suited for the operator's background and expertise. Thanks to them we got great economics, did a number of add-ons with a great partner. Nexia International Limited and each of its member firms are separate legal entities and not part of a worldwide partnership. Negotiating can be a difficult task. accesscappartners.com, independentsponsorfinancing.com | independentsponsormodel.com| fundlesssponsorcapital.com 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. I was delighted with their expertise, responsiveness, engagement and overall process management in a large and very successful engagement. The military's statement raised the likelihood of a renewed surge in the nearly weeklong violence that . You know that you can make a real difference on the bottom line. Experience and success with the independent sponsor economic model, Flexible capital with an equity focus and the ability, without the requirement, to invest in subordinated debt, Long-term, patient capital with no defined investment horizons, Capacity for significant follow-on investment, Partnership approach to investing in and managing portfolio companies, History of executing transactions quickly and efficiently, Longstanding and broad relationships with financing sources and service providers. Outside of work, Dave enjoys a wide variety of outdoor activities, traveling, and coaching or cheering on his children. 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. 2020 | FCP Partners, dba Frisch Capital Partners | PRIVACY POLICY. . No other investment bank has specialized in helping Independent Sponsors raise capital as long as we have. This online training will show you more about our Independent Sponsor model and how to prepare yourself to finally own a business of your own. Rest assured Bob has seen it all. We're growing andlooking for talented and driven individuals to join our team. We understand the complex processes and . They are my go to shop for financing for my portfolio companies. When we call with a deal, they pick up the phone. Suite 1151 St. Louis, Missouri 63105 As independent sponsors, it is critical for us to find a capital partner who thinks collaboratively like an actual partner. . Home - Capital Partners Insurance In an M&A market that is unpredictable and uncertain, its strategic investors time to shine. Our comprehensive and flexible equity capital and junior debt solutions help our partners achieve successful outcomes. GREAT WORDS FROM CLIENTS Read Testimonials Now! Due to our success, we now have our own fund. Partners Capital - Wikipedia We will not spam, rent or sell your email. Situations where your mezzanine lender has a limited appetite for equity capital inyour transaction. 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. They are my go to shop for financing for my portfolio companies. Back then especially, independent financial advisors in the RIA channel lacked a product-neutral source for . When you hire Frisch Capital you dont just get decades of finance/deal experience, but also get exceptional performance coaching. Selecting the right capital partner is critical for independent sponsors. In the end, results are what matter - and they were professionally delivered. CohnReznicks Transactions and Turnaround Practice has been rebranded to Value360. (Hint- it's really, really good.). 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. Orix Private Equity Solutions - the Leading Equity Capital Partner for 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. Private equity value creation: Accelerate growth with strategic, smooth M&A. 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. Testimonials may not be representative of the experience of other customers and is no guarantee of future performance or success. At the same time, there is an increasing number of debt and equity capital partners that predominately or solely focus on independent sponsor transactions. 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. This is something smaller funds cant do. Hestia Capital Highlights Recent Support from Two Leading Independent Proxy Advisory Firms. We often find our clients asking us: Which capital sources make the best partners for independent sponsors? 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 While our fund structure has changed our focus hasnt. We've spent years building relationships with alternatives debt funds, family offices, private equity firms and traditional institutional LPs that invest with independent sponsors. your closing fees, management fees, carried . Our capital is used to facilitate growth, acquisitions, recapitalizations, management buy-outs, generational transfers, and other ownership . The future for the independent sponsor ecosystem appears bright. Ideal investment candidates will exhibit some combination of the following characteristics: Recurring revenue or repeat customer relationships, Management or owners interested in rolling over a meaningful equity stake to benefit from a second bite at the apple, Fragmented markets with opportunities for growth via acquisition, 2021 by Quadec Private Capital LLC - All Rights Reserved. 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. Access Capital Partners is a middle market investment bank focused exclusively on raising debt and equity capital for independent sponsors, executives and family offices. 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. e first step is downloading our White Paper. The COVID-19 pandemic has impacted nearly every business, positively or negatively, and some more than others. Independent Sponsors. 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. Bob helped us formulate and implement a new strategy that allowed us to attract significant funds and build again. 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. Independent Sponsor Spotlight: Rob Bauer of Bassett Creek Capital Frisch is our go-to partner in capital raising. Learn how this practice has helped clients create value in the business lifecycle in this 2022 year in review. Center Stage with CohnReznick: Prodos Capital LLC. Services Direct Investments - Cap Expand Partners Independent Sponsor | Financing Experts | Frisch Capital Partners Nexia International Limited does not deliver services in its own name or otherwise. her responsibilities go on and on. In each case, our capital structure allows for creative financing solutions that work for everyone involved, and . FCP has always believed that the Independent Sponsor client is as important as the deal itself. 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. Navigation. A successful and referenceable track record of working with independent sponsors. Partnership model - Merit seeks to be a true partner and is comfortable allowing the sponsor to lead both the transaction and management interaction. Provide introductions to service providers and senior lenders. Save Time. 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. Valuation arbitrage exists especially between smaller and larger businesses. You need someone that is going to work just as hard as you do, that will be just as committed to your deal as you are, and that will throw all of its resources and experience toward getting your deal done and getting you great terms. Request Funding. We work directly with companies, through intermediaries, in conjunction with fellow private equity and independent sponsors, and alongside operators. ISS and Glass Lewis Endorsed Hestia's Case for Meaningful Boardroom Change at Pitney Bowes and . Having closed so many deals with independent sponsors over such an extended period of time provides us a rare perspective. Weve coached hundreds of Independent Sponsors through the business-buying process in the last 26+ years.

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