In conversations Ive had with capital providers, they believe that differentiation relative to independent sponsors can be achieved in the following areas: 1. For all other general inquiries, please email: LEVERAGE OUR RELATIONSHIPS AND EXPERTISE. Weve coached hundreds of Independent Sponsors through the business-buying process in the last 26+ years. 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. 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. Read our top tips for developing a healthy acquisition pipeline, facilitating smooth integrations, and more. During the honeymoon period of the transaction, its easy for things to go well. Center Stage with CohnReznick: Prodos Capital LLC. Securities offered through GT Securities, Inc., member FINRA, SIPC. Be careful not to fall into the trap of accepting below market economics if you can avoid it. We often find our clients asking us: Which capital sources make the best partners for independent sponsors? The changing influence of capital providers. The most successfulfundless sponsorsfocus on institutional quality deal sourcing, transaction execution, portfolio company monitoring and often invest personal funds along-side other investors. 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. 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 . To discuss a potential transactionor to start building a relationship, please contact: For all other general inquiries, please email: info@accesscappartners.com. From refining your thesis, marketing your deal, negotiating great Independent Sponsor . 3. Request Funding. The Oregon Watershed Enhancement Board has awarded seven grants totaling more than $4.1 million for conservation easements to protect working farms and ranches. Top 200 H1B Job Titles. 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. Post transaction, we seek to be an active partner, providing board level support and if necessary, additional capital for further growth. In each case, our capital structure allows for creative financing solutions that work for everyone involved, and . Subscribe to Merit Capital communications. Our systems and proprietary process, along with our deep relationships in the marketplace, allow us to be extremely efficient. 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. Thanks to them we got great economics, did a number of add-ons with a great partner. 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. For intermediaries working on the buy side or those who refer a company to us, we pay customary success fees. Phone: (424) 238-0730 Fax: (424) 238-0728 Email. Headquarteredin the United States or Canada, Senior Term Loans|Revolving Lines of Credit, Mezzanine Loans|Unitrache (one-stop) Loans|Convertible Debt, Preferred Equity|Minority Equity|Majority Equity, National, Regional and Local Banks|Specialty Finance Companies|Insurance Companies |Business Development Corporations (BDCs)|Small Business Investment Companies (SBICs) | Credit Opportunity Funds|Mezzanine Funds|Family Offices|Asset Managers, Associates of Access Capital Partners are registered representatives of, and securities transactions are conducted through, StillPoint Capital, LLC, MemberFINRAandSIPC, Tampa, FL. Private equity value creation: Accelerate growth with strategic, smooth M&A. You have direct access to our team of experienced professionals, from senior investment bankers all the way down to analysts. Suite 1151 St. Louis, Missouri 63105 And frankly, being an owner just makes good sense. 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. Get Better Economics. Find the Right Capital Partner. We've spent years building relationships with alternatives debt funds, family offices, private equity firms and traditional institutional LPs that invest with independent sponsors. Frisch has been a critical partner in helping us raise capital for multiple deals as an independent sponsor. He sees the Independent Sponsor model as the method executives and industry experts can take to own and run already established businesses. Whereas some independent sponsors are keenly interested in being involved in the companys operations, others are more strategic minded, preferring more passive board roles. We will not spam, rent or sell your email. 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. Partners-Cap.com. Fit matters in a partnership, especially as an independent sponsor. Partnership model Merit seeks to be a true partner and is comfortable allowing the sponsor to lead both the transaction and management interaction. We've alsodeveloped a tailored approach that creates optionality, uncovers the right capital partners and improves success rates. meet the team: Access Capital Partners is not affiliated with StillPoint Capital, LLC. 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. ACP has developed a tailored approach to help independent sponsors efficiently secure the right debt and equity capital partners, on the best economics terms. 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. Rest assured Bob has seen it all. If there is glue on a team, then Caroline is the Frisch glue. Bassett Creek will forever be grateful to Frisch Capital. 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. I was delighted with their expertise, responsiveness, engagement and overall process management in a large and very successful engagement. Unlike many other private capital firms, we are not wedded to a certain investment formula or ownership structure. They have worked on over 15 transactions for me raising capital in excess of hundreds of millions of dollars. We have partnered with independent sponsors in three investments in our current fund: Arch Global Precision, Acme Cosmetic Components and EnviroScience. We've changed the way the. 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. 7733 Forsyth Blvd. 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. Since our formation in 2012, we have closed more than 35 investments with independent sponsors. They are my go to shop for financing for my portfolio companies. . But youve got a problem: youre not sure where youre going to find the capital. 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. Sure, if you are a first-time sponsor, you have hurdles to overcome in getting that initial deal financed. Based on their responses, you can decide if they really want to work with you. To discuss an opportunity or learn more about how Access Capital Partners helps independent sponsors, please contact Greg Tobben or visit Access Capital Partners. We've changed the way the independentsponsorssecurecapital and strive to be aninnovator in the space. They have worked on over 15 transactions for me raising capital in excess of hundreds of millions of dollars. This network knows the high standards we have when selecting our clients and the Independent Sponsor deals we work on. Advising on both debt and equity placements, we are a turn-key financing solution for experienced operating and private equity professionals. Having closed so many deals with independent sponsors over such an extended period of time provides us a rare perspective. Every single step of the way. A great funding partner brings more to the table than the capital to close your deal. 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. 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. 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. I am happy to discuss at any time. No other investment bank has specialized in helping Independent Sponsors raise capital as long as we have. What should independent sponsors look for in a capital partner? Day and night, week-in and week-out. Our role is to support management with strategic guidance and our ability to identify, evaluate, and execute add-on acquisition opportunities. Situations where your mezzanine lender has a limited appetite for equity capital inyour transaction. 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. Assisting with both new acquisitions, as well as recapitalizations, ACP has become a trusted partner in the independent sponsor community. How has the capital provider behaved? Testimonials may not be representative of the experience of other customers and is no guarantee of future performance or success. Elizabeth operates at the cross-section of finance and psychology. 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. ACP has developed a tailoredapproach to helpindependent sponsors efficiently secure the right debt and equity capital partners, on the best economics terms. 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. Accordingly, a major component of our investment program has always been catering to the unique requirements of independent sponsors. In summary, Peninsula Capital Partners was one of the first firms to actively seek out independent sponsor transactions and has been one of the most active investors in such deals for years. Frisch Capital Partners is the premier investment bank to help Independent Sponsors raise capital for their transactions. Access Capital Partners is not affiliated with StillPoint Capital, LLC. 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. Whether this is your first deal or your 5th, you need to talk to us. Our model supports an unwavering belief in our investment philosophy, the growth potential of our companies, and most importantly, the operators we back. 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. He knows what its like to be in your shoes. Consequently, they must find creative new ways to differentiate themselves. Sharing the deal economics. Monroe Capital Announces Strategic Minority Investment by Bonaccord Capital Partners / Aberdeen Standard Investments March 03, 2021 06:00 AM Eastern Standard Time GREAT WORDS FROM CLIENTS Read Testimonials Now! This may include including origination, carry, and annual management fees. Weve built an incredible network of capital providers that love working with Independent Sponsors. The runway a capital provider may give to the independent sponsor in terms of running the day-to-day and ongoing strategy of the portfolio company. Partnership model - Merit seeks to be a true partner and is comfortable allowing the sponsor to lead both the transaction and management interaction. My experience with Frisch Capital was outstanding. Throughout the transaction, your wisdom, steady hand and goodwill were vital to the successful commercial outcome achieved on behalf of all parties. We know the ins and outs of deals, raising capital and finding the right investors to partner with you. An ability to provide dry powder for add-on acquisitions. I was delighted with their expertise, responsiveness, engagement and overall process management in a large and very successful engagement. Wells Fargo is committed to building an inclusive, sustainable future for all through a focus on opening pathways to economic advancement, championing quality, affordable homes, empowering small businesses to thrive, and driving an equity-focused transition to a low-carbon economy.. Grant Interest Form. Quadec seeks to align companies and management teams with the appropriate capital structure to create enduring value. Securities offered through GT Securities, Inc., member FINRA, SIPC. Thanks to them we got great economics, did a number of add-ons with a great partner. Every single one of our deals is 100% individually tailored and 100% hands-on. 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. This makes our incentives much more aligned with all the shareholders, including sellers who maintain a stake in their company. CohnReznicks Transactions and Turnaround Practice has been rebranded to Value360. 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. Our extensive experience with such deals has provided us the opportunity to develop a variety of partnership approaches to address the unique objectives, capabilities and competencies of independent sponsors, and the requirements of the transaction. New State fully delivered on all aspects of the combined relationship between co-investors and the Sellers. 2020 | FCP Partners, dba Frisch Capital Partners | PRIVACY POLICY. 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. her responsibilities go on and on. Before Peninsula, Dave spent 10 years at Strength Capital Partners, a committed capital and independent private equity firm in Birmingham, MI. At Capital Partners Insurance we strive to provide our customers with exceptional Insurance protection. Client data, emails, calls, agreements, regulatory requirements, etc. He now dedicates his career to helping individuals buy companies, find greater success and live life on their own terms. Get to know Douglas Song, Alberto Garofalo, and Matthew Cohen as they share insights as members of the independent sponsor community. ACP has developed a tailoredapproach to helpindependent sponsors efficiently secure the right debt and equity capital partners, on the best economics terms. For an independent sponsor, time is your most precious resource. Acting like a funded private equity firm with discretionary capital is a fruitless exercise. The tide seems to be shifting as larger middle market funds are jumping into the mix. We look forward to working with Bob and Drew on future opportunities. 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. CohnReznick LLP is a member firm of the Nexia International network. Frisch Capital Partners is the premier investment bank to help Independent Sponsors raise capital for their transactions. We will not spam, rent or sell your email. You will not go wrong having Bob on your team. "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. In each case, our capital structure allows for creative financing solutions that work for everyone involved, and oftentimes the ability to get deals done others can't. Here are 6 guidelines to help you get the most out of the independent sponsor model: 1. Most importantly, we were personally inspired by the gracious manner you brought to each discussion your presence elevated us in an impactful way and made us all better! Frisch is our go-to partner in capital raising. Find the Right Partner. No other investment bank has specialized in helping Independent Sponsors raise capital as long as we have. Save Time. SCALE OR START YOUR BUSINESS WITH CAPITAL Raise $25,000 To $1,000,000. 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. This is notwithstanding that many independent sponsors come from large, successful private equity firms. I have worked with Frisch capital partners for over 20 years, they have always come through for me and my companies. Prospective capital partners are just getting to know them, and the independent sponsor doesnt yet have an established track record or credibility. While the 2021 outlook is for a healthy M&A market, many potential participants are wondering if there could be a black swan event. (Hint- it's really, really good.). We're growing andlooking for talented and driven individuals to join our team. As of 30 December 2022, the 294-person firm had $48 billion in assets under management. They prefer an equal partner someone who complements skills they may be lacking. Historically, we saw traditional lower middle market private equity firms leading the way with independent sponsors.

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