Prospective capital partners are just getting to know them, and the independent sponsor doesnt yet have an established track record or credibility. Each entity is a separate legal entity and solely responsible for its own acts and/or omissions. INDEPENDENT SPONSOR FINANCING SOLUTIONS. Top 200 H1B Job Titles. Sharing the deal economics. Subscribe to Merit Capital communications. At CohnReznick, we forge deep and trustworthy relationships with independent sponsors, facilitating and contributing to their success. This may include including origination, carry, and annual management fees. 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. Learn how this practice has helped clients create value in the business lifecycle in this 2022 year in review. As of 30 December 2022, the 294-person firm had $48 billion in assets under management. FCP has always believed that the Independent Sponsor client is as important as the deal itself. We pride ourselves on being a trusted partner and resource in the. We provide an extensive list of Insurance products to suit whatever your needs may be. Invaluable is a word that gets tossed around indiscriminately these days - Bob's guidance was truly invaluable in our case. The average size of an angel investor investment on our site is $250,000. . Working closely with affiliated fund managers, we develop custom-tailored solutions that satisfy administrative, financial and regulatory requirements. While the industry has changed, the concepts have not. 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. We know deals dont sleep, and that means we dont either. We work directly with companies, through intermediaries, in conjunction with fellow private equity and independent sponsors, and alongside operators. Frisch Capital Partners is the premier investment bank to help Independent Sponsors raise capital for their transactions. 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. We've changed the way the. What should independent sponsors look for in a capital partner? Building the business. What type of funding source would be the best fit for me and my deals? Bassett Creek will forever be grateful to Frisch Capital. Get Better Economics. Sharing the deal economics. 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. Both are crucial to getting good Independent Sponsor economics and maintaining a great relationship between all parties. This is notwithstanding that many independent sponsors come from large, successful private equity firms. Examples of Capital Partners in a sentence. They are my go to shop for financing for my portfolio companies. The Oregon Watershed Enhancement Board has awarded seven grants totaling more than $4.1 million for conservation easements to protect working farms and ranches. Back then especially, independent financial advisors in the RIA channel lacked a product-neutral source for . Private equity value creation: Accelerate growth with strategic, smooth M&A. But what happens when situations arise and portfolio companies underperform, or the macroeconomic environment changes? 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. Situations where your mezzanine lender has a limited appetite for equity capital inyour transaction. 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. GREAT WORDS FROM CLIENTS Read Testimonials Now! 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. You have direct access to our team of experienced professionals, from senior investment bankers all the way down to analysts. We have partnered with independent sponsors in three investments in our current fund: Arch Global Precision, Acme Cosmetic Components and EnviroScience. Independence Capital Partners was founded in 1997 to provide back office and infrastructure support to private equity and real estate fund managers. Independent sponsors are using placement agents more frequently, running competitive processes, and syndicating the transaction. Our capital is used to facilitate growth, acquisitions, recapitalizations, management buy-outs, generational transfers, and other ownership . 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. 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. I was delighted with their expertise, responsiveness, engagement and overall process management in a large and very successful engagement. 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 role is to support management with strategic guidance and our ability to identify, evaluate, and execute add-on acquisition opportunities. I am happy to discuss at any time. Due to our success, we now have our own fund. They are my go to shop for financing for my portfolio companies. 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. The need for the capital provider to control the deal is in many times a deal killer for independent sponsors. Colbeck partners with companies during periods of transition, providing creative capital solutions and risk mitigation strategies. Team What We Do CohnReznick LLP is a member firm of the Nexia International network. 2020 | FCP Partners, dba Frisch Capital Partners | PRIVACY POLICY. 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. 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. Quadec seeks to align companies and management teams with the appropriate capital structure to create enduring value. Nexia International Limited does not deliver services in its own name or otherwise. He understands the nuances of financial transactions which has served his clients exceedingly well over the years. Well be the answer to your questions, the sounding board when youre frustrated, and the first to toast you at the closing. T: 301.364.9020 F: 301.364.9022 : home l team l portfolio l news l careers l contact l brochure meet the team: For intermediaries working on the buy side or those who refer a company to us, we pay customary success fees. Access Capital Partners is not affiliated with StillPoint Capital, LLC. 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. your closing fees, management fees, carried . 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. Testimonials may not be representative of the experience of other customers and is no guarantee of future performance or success. With an intensive focus on the independent sponsor model, we understand the unique challenges that independent sponsors face in today's evolving market. 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. 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. When working with Tregaron, you can expect prompt and honest feedback, respect for your time and when we aren't the right fit, we'll help with introductions. 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. 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. 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. Partnership model - Merit seeks to be a true partner and is comfortable allowing the sponsor to lead both the transaction and management interaction. 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. Weve coached hundreds of Independent Sponsors through the business-buying process in the last 26+ years. 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. 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. Thanks to them we got great economics, did a number of add-ons with a great partner. Fit matters in a partnership, especially as an independent sponsor. 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. Acting like a funded private equity firm with discretionary capital is a fruitless exercise. What are their criteria for independent sponsor deals? Supporting growth. We dont automate or leave it to chance. They prefer an equal partner - someone who complements skills they may be lacking. CohnReznicks Transactions and Turnaround Practice has been rebranded to Value360. Selecting the right capital partner is critical for independent sponsors. I have worked with Frisch capital partners for over 20 years, they have always come through for me and my companies. 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 need for the capital provider to control the deal is in many times a "deal killer" for independent sponsors. Bob and Drew were trusted business advisors on every aspect of the process. As a strategic coach and consultant to some of the largest Fortune 500 Companies and non-profits, Elizabeth has seen first hand the impact a persons outlook has on both the success of their deal and the bottom line. We partner with company owners and executives looking to: In addition, we partner with talented operators to define and pursue a collaborative investment thesis. Kirtland 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. Private equity and independent sponsors will become more collaborative, thereby leading to a win-win scenario for all stakeholders. In an M&A market that is unpredictable and uncertain, its strategic investors time to shine. His expertise is unmatched. e first step is downloading our White Paper. Bob has been in finance for over 40 years. Request Funding. Securities offered through GT Securities, Inc., member FINRA, SIPC. ACP has developed a tailoredapproach to helpindependent sponsors efficiently secure the right debt and equity capital partners, on the best economics terms. Don't get frustrated dealing with an 800 number or national chain insurance providers. 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. your closing fees, management fees, carried interest/promote). Sudan's military has ruled out negotiations with a rival paramilitary force, saying it would only accept its surrender. Read our top tips for developing a healthy acquisition pipeline, facilitating smooth integrations, and more. Post transaction, we seek to be an active partner, providing board level support and if necessary, additional capital for further growth. 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. They have gotten financing structures that no one else could even approach thus increasing our rates of return. We have extensive experience and competence in this very specialized area of transactional finance experience and competence we continue to share with the industry on a daily basis. 313.237.5100 | One Towne Square, Suite 1400, Southfield, MI 48076, 2023 Peninsula Capital Partners | Terms & Conditions. Consequently, they must find creative new ways to differentiate themselves. An ability to provide dry powder for add-on acquisitions. 2020 | FCP Partners, dba Frisch Capital Partners | PRIVACY POLICY. 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. When we call with a deal, they pick up the phone. A PROVEN RESOURCE TO INDEPENDENT SPONSORS Peninsula Capital Partners was among the first, if not the very first, junior capital investment firm founded with the strategic focus of investing in situations in which a traditional buyout firm is not leading (a.k.a., "sponsoring ") the transaction. Drew is a serial entrepreneur having started 5 businesses, sold a few and still owns some. We look forward to working with Bob and Drew on future opportunities. Client data, emails, calls, agreements, regulatory requirements, etc. We were somewhat profitable but unable to raise capital to grow. We've alsodeveloped a tailored approach that creates optionality, uncovers the right capital partners and improves success rates. A tenuous 24-hour cease-fire ran out Thursday evening with no word of an extension. (Hint- it's really, really good.). 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 an investment bank focused on raising capital for independent or fundless sponsor acquisitions and recapitalizations. The Peninsula Funds seek to invest in superior middle-market companies requiring capital for an acquisition, expansion or recapitalization. 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. To discuss an opportunity or learn more about how Access Capital Partners helps independent sponsors, please contact Greg Tobben or visit Access Capital Partners. Access Capital Partners (ACP) is a middle market investment bank focused exclusively on raising debt and equitycapital for independent sponsors, executives and family offices. 2. 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. Most commonly, independent sponsorshave finance and strategy backgrounds stemming from experiencein private equity, investment banking or consulting or have backgrounds as operating executives who have built and grown companies from the inside. 2. Get Better Economics. Find the Right Capital Partner. Family offices, while still a viable provider of capital, are losing out to traditional private equity, which has stepped up in providing competitive economics. Testimonials may not be representative of the experience of other customers and is no guarantee of future performance or success. A successful and referenceable track record of working with independent sponsors. My experience with Frisch Capital was outstanding. 4. For more information on Broker Dealers and Registered Representatives visithttps://brokercheck.finra.org/. 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. 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. Nonprofit organizations that are interested in being considered for an invitation to apply . 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. When you hire Frisch Capital you dont just get decades of finance/deal experience, but also get exceptional performance coaching. 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. We invest a significant amount of capital out of our general partnership into every deal. We should expect to see more independent sponsors emerge, existing sponsors investing in multiple transactions, and the broader private equity market continuing to embrace independent sponsors. In each case, our capital structure allows for creative financing solutions that work for everyone involved, and . ACP prides itself on a being a trusted partner and resource in the independent sponsor community. In this case, we use our extensive deal flow to identify opportunities well suited for the operator's background and expertise. 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. Frisch is our go-to partner in capital raising. 3. We partner closely with fellow private equity firms both as an equity co-investor or debt provider in support of a private equity sponsored buy-out. He knows what its like to be in your shoes. 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. We've spent years building relationships with alternatives debt funds, family offices, private equity firms and traditional institutional LPs that invest with independent sponsors. "I started Dynasty with my partners more than 12 years ago to address a glaring problem. My experience with Frisch Capital was outstanding. The tide seems to be shifting as larger middle market funds are jumping into the mix. Funding comes from the state . We work directly with companies, through intermediaries, in conjunction with fellow private equity and independent sponsors, and alongside operators. We will not spam, rent or sell your email. 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. Drew, Bob and Elizabeth delivered exactly as promised. accesscappartners.com, independentsponsorfinancing.com | independentsponsormodel.com| fundlesssponsorcapital.com After substantial vetting and comparative shopping FCP was selected as my critical partner. 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. The ideal independent sponsor funding source embraces the independent sponsor model because they want to, not because they have to. Similarly, having a third party negotiate on your behalf protects your relationship with your new capital partners. 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! Before Peninsula, Dave spent 10 years at Strength Capital Partners, a committed capital and independent private equity firm in Birmingham, MI. Employer Name. Strategic investors take center stage in todays uncertain M&A environment. This makes our incentives much more aligned with all the shareholders, including sellers who maintain a stake in their company. ACP has developed a tailoredapproach to helpindependent 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, To discuss an opportunity or learn more about how Access Capital Partners helps independent sponsors, please contact, Associates of Access Capital Partners are registered representatives of, and securities transactions are conducted through, StillPoint Capital, LLC, Member. Dave lives in Birmingham, MI with his wife and two daughters. While the 2021 outlook is for a healthy M&A market, many potential participants are wondering if there could be a black swan event. And youre ready to own equity. We understand the complex processes and . Just being able to close the initial platform is not sufficient. Our financing process always aims to exceed market-based Independent Sponsor economics (ie. Ask us what our success rate is. For more information on Broker Dealers and Registered Representatives visithttps://brokercheck.finra.org/. We strive to deliver competitive, flexible capital solutions with the right capital partners to support both . ACP has developed a tailored approach to help independent sponsors efficiently secure the right debt and equity capital partners, on the best economics terms. Youre getting the best with decades of experience in raising capital, mergers and acquisitions, private placements, operations and executive coaching. 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 We'll gladly provide guidance on transaction viability, structures and capital alternatives to help you refine which opportunities to pursue.