This makes our incentives much more aligned with all the shareholders, including sellers who maintain a stake in their company. Partnership model Merit seeks to be a true partner and is comfortable allowing the sponsor to lead both the transaction and management interaction. Bassett Creek will forever be grateful to Frisch Capital. Fit matters in a partnership, especially as an independent sponsor. To discuss a potential transactionor to start building a relationship, please contact: For all other general inquiries, please email: info@accesscappartners.com. CAPITAL RAISING FOR INDEPENDENT SPONSORS GET IN TOUCH Greg Tobben m 314.458.8186 gtobben@accesscappartners.com Tel: 314.783.9550 www.accesscappartners.com www.independentsponsorfinancing.com www.independentsponsormodel.com Access Capital Partners 7733 Forsyth Blvd. Due to our success, we now have our own fund. ACP prides itself on a being a trusted partner and resource in the independent sponsor community. The tide seems to be shifting as larger middle market funds are jumping into the mix. What type of funding source would be the best fit for me and my deals? Top 200 H1B Job Titles. Frisch has been a critical partner in helping us raise capital for multiple deals as an independent sponsor. An ability to provide dry powder for add-on acquisitions. Our financing process always aims to exceed market-based Independent Sponsor economics (ie. And youre ready to own equity. 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. 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. Our systems and proprietary process, along with our deep relationships in the marketplace, allow us to be extremely efficient. ACP has developed a tailored approach to help independent sponsors efficiently secure the right debt and equity capital partners, on the best economics terms. 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. Back then especially, independent financial advisors in the RIA channel lacked a product-neutral source for . I am happy to discuss at any time. He now dedicates his career to helping individuals buy companies, find greater success and live life on their own terms. Macroeconomic factors and other variables are playing into a frothy market, including low interest rates, plenty of capital, and valuations that seem to have a life of their own. 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. When you hire Frisch Capital you dont just get decades of finance/deal experience, but also get exceptional performance coaching. Learn more. 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. Testimonials may not be representative of the experience of other customers and is no guarantee of future performance or success. your closing fees, management fees, carried . We understand the complex processes and . While the industry has changed, the concepts have not. 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. Due to their infrastructure and resource constraints, independent sponsors essentially served as an extension of their sourcing efforts. Elizabeth operates at the cross-section of finance and psychology. Employer Name. As your confidant and guide we will get you through the process and coach you every step of the way. We are a constant source of feedback for many new and experienced independent sponsors. FCP has always believed that the Independent Sponsor client is as important as the deal itself. Frisch Capital was a wonderful partner to Bassett Creek Capital. They have gotten financing structures that no one else could even approach thus increasing our rates of return. Colbeck partners with companies during periods of transition, providing creative capital solutions and risk mitigation strategies. 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. Private equity value creation: Accelerate growth with strategic, smooth M&A. 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. We've changed the way the. We work directly with companies, through intermediaries, in conjunction with fellow private equity and independent sponsors, and alongside operators. Our role is to support management with strategic guidance and our ability to identify, evaluate, and execute add-on acquisition opportunities. They prefer an equal partner someone who complements skills they may be lacking. Why is anything less than that reasonable or acceptable? "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. While our fund structure has changed our focus hasnt. Request Funding. Independent Sponsors Experience - Merit has completed a significant number of independent sponsor-led transactions, including several transactions with repeat sponsors. We pride ourselves on being there for our clients from the beginning (Pre-LOI) to the end (the wiring of money). For more information on Broker Dealers and Registered Representatives visithttps://brokercheck.finra.org/. We are constantly seeking to expand our network of independent sponsor partners and would greatly appreciate the opportunity to consult with any independent sponsor on their next transaction. 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. 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. 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. We look forward to working with Bob and Drew on future opportunities. At Capital Partners Insurance we strive to provide our customers with exceptional Insurance protection. 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. 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. We will not spam, rent or sell your email. What economics have they provided sponsors in the past? If you'd like to explore a career with Access Capital Partners, please contact us. They have worked on over 15 transactions for me raising capital in excess of hundreds of millions of dollars. securecapital and strive to be aninnovator in the space. Every single one of our deals is 100% individually tailored and 100% hands-on. 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. Many independent sponsors came with deep operating expertise, complementing the strength of their existing deal teams. 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. Accordingly, a major component of our investment program has always been catering to the unique requirements of independent sponsors. 313.237.5100 | One Towne Square, Suite 1400, Southfield, MI 48076, 2023 Peninsula Capital Partners | Terms & Conditions. 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. 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. 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. 2020 | FCP Partners, dba Frisch Capital Partners | PRIVACY POLICY. How do they see your role after the transaction closes? A PROVEN RESOURCE TO INDEPENDENT SPONSORS Having closed so many deals with independent sponsors over such an extended period of time provides us a rare perspective. e first step is downloading our White Paper. We are still looking to invest in great deals, including those sourced by independent sponsors. The military's statement raised the likelihood of a renewed surge in the nearly weeklong violence that . . In the end, results are what matter - and they were professionally delivered. 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. After substantial vetting and comparative shopping FCP was selected as my critical partner. He is also an avid golfer, sailor, and a big family man. Building the business. Salary (2023) H1B Approvals (2023) New on H1BGrader? 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. 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. With an intensive focus on the independent sponsor model, we understand the unique challenges that independent sponsors face in today's evolving market. Find the Right Partner. Having originated as an independent sponsor prior to our first fund, the model is in our DNA. Well do whatever it takes to get the deal done. Read our top tips for developing a healthy acquisition pipeline, facilitating smooth integrations, and more. 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. 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. 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. Our goal is simple: build value through building the business. Every single step of the way. The independent sponsor comes to the table with intimate industry knowledge, a value creation mindset, and the ability to roll up their sleeves. 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; My family and partners are eternally grateful to Bob for his assistance. The time consuming, emotional and thankless process of raising capital is taken off your shoulders. This may include including origination, carry, and annual management fees. Negotiating can be a difficult task. 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 cannot say it any more strongly than this - Bob saved my company. When we call with a deal, they pick up the phone. Access Capital Partners is an investment bank focused on raising capital for independent or fundless sponsor acquisitions and recapitalizations. Private equity and independent sponsors will become more collaborative, thereby leading to a win-win scenario for all stakeholders. For all other general inquiries, please email: LEVERAGE OUR RELATIONSHIPS AND EXPERTISE. Rest assured Bob has seen it all. Private debt funds have flexibility in their capital structures, with many able to pick up a sizable piece of the equity needs. Acting like a funded private equity firm with discretionary capital is a fruitless exercise. You know that you can make a real difference on the bottom line. We're growing andlooking for talented and driven individuals to join our team. Invaluable is a word that gets tossed around indiscriminately these days - Bob's guidance was truly invaluable in our case. SAVE TIME. Weve built an incredible network of capital providers that love working with Independent Sponsors. Dave lives in Birmingham, MI with his wife and two daughters. Nonprofit organizations that are interested in being considered for an invitation to apply . 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. They Embrace the Independent Sponsor Model. Don't get frustrated dealing with an 800 number or national chain insurance providers. 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. Partnership model - Merit seeks to be a true partner and is comfortable allowing the sponsor to lead both the transaction and management interaction. Frisch Capital was a wonderful partner to Bassett Creek Capital. Both are crucial to getting good Independent Sponsor economics and maintaining a great relationship between all parties. your closing fees, management fees, carried interest/promote). Consequently, they must find creative new ways to differentiate themselves. But what happens when situations arise and portfolio companies underperform, or the macroeconomic environment changes? 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. My family and partners are eternally grateful to Bob for his assistance. 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. . For more information on Broker Dealers and Registered Representatives visithttps://brokercheck.finra.org/. We partner with company owners and executives looking to: In addition, we partner with talented operators to define and pursue a collaborative investment thesis. 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 . While there is no longer a scarcity of capital, first-time sponsors do not yet have strong relationships. Get to know Douglas Song, Alberto Garofalo, and Matthew Cohen as they share insights as members of the independent sponsor community. They are my go to shop for financing for my portfolio companies. 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. We're growing andlooking for talented and driven individuals to join our team. , Associates of Access Capital Partners are registered representatives of, and securities transactions are conducted through, StillPoint Capital, LLC, MemberFINRAandSIPC, Tampa, FL. 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. Ask us what our success rate is. We will not spam, rent or sell your email. How has the capital provider behaved? 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. Weve seen it all through the years. Partners-Cap.com. You need to ask the right questions how many independent sponsor deals have they done? What we offer to independent sponsors. Access Capital Partners is a middle market investment bank focused exclusively on raising debt and equity capital for independent sponsors, executives and family offices. 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. Sharing the deal economics. If there is glue on a team, then Caroline is the Frisch glue. Contact. He serves on the board of Birmingham Girls Softball, helping to provide athletic and personal development to more than 300 players each year. Running a deal and putting it into the market has more moving pieces than you would ever realize. Ocean Avenue Capital Partners 401 Wilshire Boulevard, Suite 1020 Santa Monica, CA 90401. 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. Greg Porto | email Greg Tobben | email, Access Capital Partners Independence Capital Partners was founded in 1997 to provide back office and infrastructure support to private equity and real estate fund managers. 2. Securities offered through GT Securities, Inc., member FINRA, SIPC. Access Capital Partners is a middle market investment bank focused exclusively on raising debt and equity capital for independent sponsors, executives and family offices. 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. 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. We've alsodeveloped a tailored approach that creates optionality, uncovers the right capital partners and improves success rates. 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. Frisch is our go-to partner in capital raising. What are their criteria for independent sponsor deals? Supporting growth. Managed Services and Outsourced Accounting. Top 200 H1B Sponsors. This is notwithstanding that many independent sponsors come from large, successful private equity firms. 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. additional capital. New State fully delivered on all aspects of the combined relationship between co-investors and the Sellers. A successful and referenceable track record of working with independent sponsors. As you know, when an Independent Sponsor has a deal under exclusivity EVERY DAY MATTERS! 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. Post transaction, we seek to be an active partner, providing board level support and if necessary, additional capital for further growth. I am happy to discuss at any time. 3. With an intensive focus on the independent sponsor model, we understand the unique challenges that independent sponsors face in todays evolving market. 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. Testimonials may not be representative of the experience of other customers and is no guarantee of future performance or success. 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. We invest a significant amount of capital out of our general partnership into every deal. Suite 1151 St. Louis, Missouri 63105 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. "I started Dynasty with my partners more than 12 years ago to address a glaring problem. Get Better Economics. her responsibilities go on and on. Learn how this practice has helped clients create value in the business lifecycle in this 2022 year in review. As advisors to this expanding group of investors, we interact regularly with both new and long-time sponsors, as well as independent sponsor capital providers. Examples of Capital Partners in a sentence. We know deals dont sleep, and that means we dont either. After substantial vetting and comparative shopping FCP was selected as my critical partner. If you'd like to explore a career with Access Capital Partners, please. We rely on our network of independent sponsor partners to source investment opportunities. Be careful not to fall into the trap of accepting below market economics if you can avoid it. You will not go wrong having Bob on your team. 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. 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. In this case, we use our extensive deal flow to identify opportunities well suited for the operator's background and expertise. 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. We provide an extensive list of Insurance products to suit whatever your needs may be. Selecting the right capital partner is critical for independent sponsors. Sharing the deal economics. GREAT WORDS FROM CLIENTS Read Testimonials Now! Whereas some independent sponsors are keenly interested in being involved in the companys operations, others are more strategic minded, preferring more passive board roles. Experience Merit has completed a significant number of independent sponsor-led transactions, including several transactions with repeat sponsors. 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. Save Time. accesscappartners.com, independentsponsorfinancing.com | independentsponsormodel.com| fundlesssponsorcapital.com Whether this is your first deal or your 5th, you need to talk to us. Our great success with independent sponsors owes to the fact that we are uniquely qualified to evaluate, structure and close such deals. He sees the Independent Sponsor model as the method executives and industry experts can take to own and run already established businesses. You want him on your team. 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. 2. The ideal independent sponsor funding source embraces the independent sponsor model because they want to, not because they have to. | Suite 1151 | St. Louis, MO 63105 This network knows the high standards we have when selecting our clients and the Independent Sponsor deals we work on. I cannot say it any more strongly than this - Bob saved my company. In some industries, weve seen record EBITDA multiples, while in others, EBITDA is at an all-time low. Claudine M. Cohen, Managing Principal, Transactions & Turnaround Advisory. Grade. Team What We Do Weve coached hundreds of Independent Sponsors through the business-buying process in the last 26+ years. I was delighted with their expertise, responsiveness, engagement and overall process management in a large and very successful engagement. Bob and Drew were trusted business advisors on every aspect of the process. Quadec seeks to align companies and management teams with the appropriate capital structure to create enduring value. As independent sponsors, it is critical for us to find a capital partner who thinks collaboratively like an actual partner. The most successfulfundless sponsorsfocus on institutional quality deal sourcing, transaction execution, portfolio company monitoring and often invest personal funds along-side other investors. Youre getting the best with decades of experience in raising capital, mergers and acquisitions, private placements, operations and executive coaching. This may include including origination, carry, and annual management fees. 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. Max. 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. 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. Throughout the transaction, your wisdom, steady hand and goodwill were vital to the successful commercial outcome achieved on behalf of all parties. They are my go to shop for financing for my portfolio companies. 2020 | FCP Partners, dba Frisch Capital Partners | PRIVACY POLICY.
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