Read More A Network of Independent Sponsors. 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. 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. Capital Partners Definition | Law Insider Partner With Us Ocean Avenue Capital Partners We often find our clients asking us: Which capital sources make the best partners for independent sponsors? 2020 | FCP Partners, dba Frisch Capital Partners | PRIVACY POLICY. Frisch Capital was a wonderful partner to Bassett Creek Capital. 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. He knows what its like to be in your shoes. We provide an extensive list of Insurance products to suit whatever your needs may be. Independent Sponsors. Well find you partners that match up not only financially, but personally and address the specific dynamics of your deal as well. The larger middle market funds like this strategy and business thesis but dont have the time or resources to source and secure sub-$5 million EBITDA businesses. The military's statement raised the likelihood of a renewed surge in the nearly weeklong violence that . Independent Sponsor Financing | Placement Agents - ACP - Access Capital 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. Monroe Capital Announces Strategic Minority Investment by Bonaccord EY Announces Shirl Penney of Dynasty Financial Partners as an During the honeymoon period of the transaction, its easy for things to go well. 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; 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. From refining your thesis, marketing your deal, negotiating great Independent Sponsor . 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 . Our founders were focused on finding great deals and helping those businesses grow with our support. 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. Client data, emails, calls, agreements, regulatory requirements, etc. We dont automate or leave it to chance. Experience Merit has completed a significant number of independent sponsor-led transactions, including several transactions with repeat sponsors. Don't get frustrated dealing with an 800 number or national chain insurance providers. 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. e first step is downloading our White Paper. Colbeck Capital Sponsors Children's Tumor Foundation in 2023 TD Five Many independent sponsors came with deep operating expertise, complementing the strength of their existing deal teams. Weve coached hundreds of Independent Sponsors through the business-buying process in the last 26+ years. Community Giving - Corporate Social Responsibility - Wells Fargo No other investment bank has specialized in helping Independent Sponsors raise capital as long as we have. The need for the capital provider to control the deal is in many times a deal killer for independent sponsors. Caroline is here to put her decades of experience in details to work for you. 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. Quadec Private Capital | Independent Sponsor | United States ACP has developed a tailoredapproach to helpindependent sponsors efficiently secure the right debt and equity capital partners, on the best economics terms. This is something smaller funds cant do. I was delighted with their expertise, responsiveness, engagement and overall process management in a large and very successful engagement. Independent Sponsors | Kirtland Capital Partners | Private Equity Firm They have gotten financing structures that no one else could even approach thus increasing our rates of return. Request Funding. 3 Traits of Great Independent Sponsor Capital Partners We were somewhat profitable but unable to raise capital to grow. These platforms result in multiple acquisitions requiring easily north of $100-$200 million of equity over a three- to five-year time horizon. Valuation arbitrage exists especially between smaller and larger businesses. 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. We are a constant source of feedback for many new and experienced independent sponsors. Weve raised over $1 BILLION for our Independent Sponsor clients since 1996. Based on their responses, you can decide if they really want to work with you. Since 2013, Dave has taught an MBA course at Ross titled Entrepreneurship through Acquisition. We invest a significant amount of capital out of our general partnership into every deal. 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. Partners Capital - Wikipedia With an intensive focus on the independent sponsor model, we understand the unique challenges that independent sponsors face in todays evolving market. Ask us what our success rate is. I cannot say it any more strongly than this - Bob saved my company. He now dedicates his career to helping individuals buy companies, find greater success and live life on their own terms. Bob and Drew were trusted business advisors on every aspect of the process. | Suite 1151 | St. Louis, MO 63105 At CohnReznick, we forge deep and trustworthy relationships with independent sponsors, facilitating and contributing to their success. Bob has been in finance for over 40 years. We are still looking to invest in great deals, including those sourced by independent sponsors. 2. How do they see your role after the transaction closes? 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. Independent Sponsors | New State Capital Partners Farragut Capital Partners Accordingly, a major component of our investment program has always been catering to the unique requirements of independent sponsors. Well be the answer to your questions, the sounding board when youre frustrated, and the first to toast you at the closing. If you'd like to explore a career with Access Capital Partners, please. 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. 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. We strive to deliver competitive, flexible capital solutions with the right capital partners to support both . The future for the independent sponsor ecosystem appears bright. Orix Private Equity Solutions - the Leading Equity Capital Partner for We understand the complex processes and . While the 2021 outlook is for a healthy M&A market, many potential participants are wondering if there could be a black swan event. Access Capital Partners (ACP) is a middle market investment bank focused exclusively on raising debt and equitycapital for independent sponsors, executives and family offices. Access Capital Partners is not affiliated with StillPoint Capital, LLC. If there is glue on a team, then Caroline is the Frisch glue. He sees the Independent Sponsor model as the method executives and industry experts can take to own and run already established businesses. 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. 7733 Forsyth Blvd. No other investment bank has specialized in helping Independent Sponsors raise capital as long as we have. "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. Home - Capital Partners Insurance Weve seen it all through the years. In the end, results are what matter - and they were professionally delivered. In this case, we use our extensive deal flow to identify opportunities well suited for the operator's background and expertise. Whether this is your first deal or your 5th, you need to talk to us. Tregaron Capital. We work directly with companies, through intermediaries, in conjunction with fellow private equity and independent sponsors, and alongside operators. Bob is a veteran deal-doer. Access Capital Partners is a middle market investment bank focused exclusively on raising debt and equity capital for independent sponsors, executives and family offices. 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. Angel Investors - Ask For Funding - Post a Funding Request Today 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. My family and partners are eternally grateful to Bob for his assistance. Be careful not to fall into the trap of accepting below market economics if you can avoid it. Hestia Capital Highlights Recent Support from Two Leading Independent Proxy Advisory Firms. For over 25 years, Frisch Capital has acted as the financing arm for Independent Sponsors buying companies, raising both debt and equity. Youre getting the best with decades of experience in raising capital, mergers and acquisitions, private placements, operations and executive coaching. For intermediaries working on the buy side or those who refer a company to us, we pay customary success fees. For more information on Broker Dealers and Registered Representatives visithttps://brokercheck.finra.org/. Our financing process always aims to exceed market-based Independent Sponsor economics (ie. Prospective capital partners are just getting to know them, and the independent sponsor doesnt yet have an established track record or credibility. FOCUS ON VALUE CREATING ACTIVITIES. In the end, results are what matter - and they were professionally delivered. SAVE TIME. In each case, our capital structure allows for creative financing solutions that work for everyone involved, and . He serves on the board of Birmingham Girls Softball, helping to provide athletic and personal development to more than 300 players each year. 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. 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. Our goal is simple: build value through building the business. accesscappartners.com, independentsponsorfinancing.com | independentsponsormodel.com| fundlesssponsorcapital.com Farragut Capital Partners is a privately held investment firm offering subordinated debt and private equity capital to entrepreneurs, business owners, private equity firms, and independent sponsors. her responsibilities go on and on. We will not spam, rent or sell your email. The average size of an angel investor investment on our site is $250,000. Independent Sponsors | Financing Solutions - Access Capital Government contractor valuation tracker: H2 2022. We have partnered with independent sponsors in three investments in our current fund: Arch Global Precision, Acme Cosmetic Components and EnviroScience. 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. additional capital. 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. Provide introductions to service providers and senior lenders. Grade. Subscribe to Merit Capital communications. Unlike many other private capital firms, we are not wedded to a certain investment formula or ownership structure. Back then especially, independent financial advisors in the RIA channel lacked a product-neutral source for . Website. 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. Meet Our Team - Frisch Capital Partners Learn more. 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. 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. They have gotten financing structures that no one else could even approach thus increasing our rates of return. Post transaction, we seek to be an active partner, providing board level support and if necessary, additional capital for further growth. Claudine M. Cohen, Managing Principal, Transactions & Turnaround Advisory. Weve built an incredible network of capital providers that love working with Independent Sponsors. Making the Most Out of the Independent Sponsor Model - Access Capital The time consuming, emotional and thankless process of raising capital is taken off your shoulders. 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. CohnReznicks Transactions and Turnaround Practice has been rebranded to Value360. 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. 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. T: 301.364.9020 F: 301.364.9022 : home l team l portfolio l news l careers l contact l brochure Navigation. The most successfulfundless sponsorsfocus on institutional quality deal sourcing, transaction execution, portfolio company monitoring and often invest personal funds along-side other investors. Our systems and proprietary process, along with our deep relationships in the marketplace, allow us to be extremely efficient. Frisch is our go-to partner in capital raising. Frisch Capital was a wonderful partner to Bassett Creek Capital. 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. 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. 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. Independence Capital Partners was founded in 1997 to provide back office and infrastructure support to private equity and real estate fund managers. your closing fees, management fees, carried . 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. At the same time, there is an increasing number of debt and equity capital partners that predominately or solely focus on independent sponsor transactions. When we call with a deal, they pick up the phone. 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. Similarly, having a third party negotiate on your behalf protects your relationship with your new capital partners. Managed Services and Outsourced Accounting. Our model supports an unwavering belief in our investment philosophy, the growth potential of our companies, and most importantly, the operators we back. Ocean Avenue Capital Partners 401 Wilshire Boulevard, Suite 1020 Santa Monica, CA 90401. 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. As you know, when an Independent Sponsor has a deal under exclusivity EVERY DAY MATTERS! Earlsfort Capital Partners launches lender for new - independent.ie After substantial vetting and comparative shopping FCP was selected as my critical partner. Supporting growth. We believe our investment flexibility and ability to customize our investment and equity participation to the unique features of each transaction sets us apart in the transactional finance industry. 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. Each entity is a separate legal entity and solely responsible for its own acts and/or omissions. I recently participated in the 10th Independent Sponsors Summit presented by iGlobal Forum. How has the capital provider behaved? Our team has the relevant experience to help businesses grow and navigate through varying economic cycles, Our commitment to building strong partnerships is at the core of our investment philosophy, Our flexible approach allows us to creatively structure solutions for a variety of investment opportunities, 2023 Kirtland Capital Partners | 200 Park Avenue | Suite 225 | Orange Village, Ohio 44122 Phone: 216-593-0100 | Fax: 216-593-0240. My family and partners are eternally grateful to Bob for his assistance. We've alsodeveloped a tailored approach that creates optionality, uncovers the right capital partners and improves success rates. I would recommend FCP for any capital raising, transaction or sale oriented services. For an independent sponsor, time is your most precious resource. Due to our success, we now have our own fund. 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. Every single one of our deals is 100% individually tailored and 100% hands-on. Independent Sponsors | Merit Capital Whether this is your first deal or your 5th, you need to talk to us. They are my go to shop for financing for my portfolio companies. State awards grants to preserve Oregon farms, ranches Assisting with both new acquisitions, as well as recapitalizations, ACP has become a trusted partner in the independent sponsor community. They are my go to shop for financing for my portfolio companies. Securities offered through GT Securities, Inc., member FINRA, SIPC. Independent sponsor fees and economics shouldn't bethe only objective of a sponsor, but they are important. In an M&A market that is unpredictable and uncertain, its strategic investors time to shine. Our role is to support management with strategic guidance and our ability to identify, evaluate, and execute add-on acquisition opportunities. We look forward to working with Bob and Drew on future opportunities. This network knows the high standards we have when selecting our clients and the Independent Sponsor deals we work on. Drew, Bob and Elizabeth delivered exactly as promised. ACP has developed a tailoredapproach to helpindependent sponsors efficiently secure the right debt and equity capital partners, on the best economics terms. Elizabeth operates at the cross-section of finance and psychology. Private equity and independent sponsors will become more collaborative, thereby leading to a win-win scenario for all stakeholders. Creating value. While "independent sponsors" have been around for many years, the number of independent sponsors is at an all-time high and their credibility continues to climb. Leveraging the Independent Sponsor Model: Achieving Long - SlideShare Suite 1151 St. Louis, Missouri 63105 meet the team: We dont mess around: we can get your deal into the market in a week instead of the 30+ day lead time other firms require. 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. You want him on your team. 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. Fundless and Independent Sponsor Financing | Debt & Equity Capial Dave lives in Birmingham, MI with his wife and two daughters. We've changed the way the independentsponsorssecurecapital and strive to be aninnovator in the space. 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. Access to Capital No Longer a Constraint for Independent Sponsors Frisch is our go-to partner in capital raising. The independent sponsor comes to the table with intimate industry knowledge, a value creation mindset, and the ability to roll up their sleeves. While there is no longer a scarcity of capital, first-time sponsors do not yet have strong relationships. Bob helped us formulate and implement a new strategy that allowed us to attract significant funds and build again. 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. 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. Having closed so many deals with independent sponsors over such an extended period of time provides us a rare perspective. I cannot say it any more strongly than this - Bob saved my company. We would be proud to work with them anytime." Gregory Young Managing Partner, Isleworth Capital Partners 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. If you'd like to explore a career with Access Capital Partners, please contact us. For more information on Broker Dealers and Registered Representatives visithttps://brokercheck.finra.org/. A PROVEN RESOURCE TO INDEPENDENT SPONSORS We pride ourselves on being a trusted partner and resource in the. 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. Access Capital Partners is not affiliated with StillPoint Capital, LLC. Private equity value creation: Accelerate growth with strategic, smooth M&A. Kirtland can support independent sponsor led transactions as the control-equity investor. We partner with company owners and executives looking to: In addition, we partner with talented operators to define and pursue a collaborative investment thesis. Due to their infrastructure and resource constraints, independent sponsors essentially served as an extension of their sourcing efforts. (Hint- it's really, really good.). Invaluable is a word that gets tossed around indiscriminately these days - Bob's guidance was truly invaluable in our case. 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. But what happens when situations arise and portfolio companies underperform, or the macroeconomic environment changes?