securecapital and strive to be aninnovator in the space. Testimonials may not be representative of the experience of other customers and is no guarantee of future performance or success. her responsibilities go on and on. 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! Access Capital Partners is an investment bank focused on raising capital for independent or fundless sponsor acquisitions and recapitalizations. 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 Want Better Independent Sponsor Economics or More Complimentary Partners? In this case, we use our extensive deal flow to identify opportunities well suited for the operator's background and expertise. Quadecs Founder and Principal, Dave Hiemstra, has over 22 years of experience with middle market companies. Earlsfort Capital Partners launches lender for new - independent.ie Tregaron Capital He knows what its like to be in your shoes. 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. In some industries, weve seen record EBITDA multiples, while in others, EBITDA is at an all-time low. They are my go to shop for financing for my portfolio companies. 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. . Suite 1151 St. Louis, Missouri 63105 New State fully delivered on all aspects of the combined relationship between co-investors and the Sellers. Frisch has been a critical partner in helping us raise capital for multiple deals as an 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 superior fundless sponsor economics. Back then especially, independent financial advisors in the RIA channel lacked a product-neutral source for . You will not go wrong having Bob on your team. I would recommend FCP for any capital raising, transaction or sale oriented services. 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. We're growing andlooking for talented and driven individuals to join our team. Nexia International Limited and each of its member firms are separate legal entities and not part of a worldwide partnership. The most successfulfundless sponsorsfocus on institutional quality deal sourcing, transaction execution, portfolio company monitoring and often invest personal funds along-side other investors. Save Time. Consequently, they must find creative new ways to differentiate themselves. CohnReznick refers to CohnReznick LLP or any of its subsidiaries or affiliates. For over 25 years, Frisch Capital has acted as the financing arm for Independent Sponsors buying companies, raising both debt and equity. Private Equity Independent Sponsors | Capital Raising I Sourcing Throughout the transaction, your wisdom, steady hand and goodwill were vital to the successful commercial outcome achieved on behalf of all parties. 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. How do they see your role after the transaction closes? Get to know Douglas Song, Alberto Garofalo, and Matthew Cohen as they share insights as members of the independent sponsor community. Negotiating can be a difficult task. Government contractor valuation tracker: H2 2022. 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. ISS and Glass Lewis Endorsed Hestia's Case for Meaningful Boardroom Change at Pitney Bowes and . 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. Independent Sponsor Spotlight: Wayne Moore of Crux Capital They prefer an equal partner someone who complements skills they may be lacking. From our experience, receiving numerous offers (term sheets/proposals) always results in favorable economics and terms for our clients. A tenuous 24-hour cease-fire ran out Thursday evening with no word of an extension. 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. Both are crucial to getting good Independent Sponsor economics and maintaining a great relationship between all parties. Independent Sponsors | Merit Capital Get Better Economics. Salary (2023) H1B Approvals (2023) New on H1BGrader? Strategic investors take center stage in todays uncertain M&A environment. The COVID-19 pandemic has impacted nearly every business, positively or negatively, and some more than others. If you'd like to explore a career with Access Capital Partners, please contact us. Bob and Drew were trusted business advisors on every aspect of the process. And youre ready to own equity. Each entity is a separate legal entity and solely responsible for its own acts and/or omissions. They have worked on over 15 transactions for me raising capital in excess of hundreds of millions of dollars. Learn more. 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. 2. 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. 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. 3 Traits of Great Independent Sponsor Capital Partners | Suite 1151 | St. Louis, MO 63105 Partnership model Merit seeks to be a true partner and is comfortable allowing the sponsor to lead both the transaction and management interaction. 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. Independent Sponsors Center Stage | Frisch Capital Partners 2022 McGuireWoods Independent Sponsor Conference - Bizzabo Selecting the right capital partner is critical for independent sponsors. How has the capital provider behaved? As you know, when an Independent Sponsor has a deal under exclusivity EVERY DAY MATTERS! We've changed the way the independentsponsorssecurecapital and strive to be aninnovator in the space. Bassett Creek will forever be grateful to Frisch Capital. 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. 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. Sure, if you are a first-time sponsor, you have hurdles to overcome in getting that initial deal financed. Sharing the deal economics. Since our formation in 2012, we have closed more than 35 investments with independent sponsors. Subscribe to Merit Capital communications. Access Capital Partners is not affiliated with StillPoint Capital, LLC. Whereas some independent sponsors are keenly interested in being involved in the companys operations, others are more strategic minded, preferring more passive board roles. Create a funding request to ask for funding from over 5,400+ investors. Accordingly, a major component of our investment program has always been catering to the unique requirements of independent sponsors. 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. 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. Just being able to close the initial platform is not sufficient. A great funding partner brings more to the table than the capital to close your deal. Fit matters in a partnership, especially as an independent sponsor. 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 . 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. With an intensive focus on the independent sponsor model, we understand the unique challenges that independent sponsors face in todays evolving market. That means we get to know you, your deal, and your exact specific needs. As a segment of private equity growing in size and relevance, independent sponsors face a variety of unique challenges, including sourcing transactions, raising capital, and managing resources. After substantial vetting and comparative shopping FCP was selected as my critical partner. Due to our success, we now have our own fund. Read our top tips for developing a healthy acquisition pipeline, facilitating smooth integrations, and more. Before Peninsula, Dave spent 10 years at Strength Capital Partners, a committed capital and independent private equity firm in Birmingham, MI. 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. He is also an avid golfer, sailor, and a big family man. Partners-Cap.com. As of 30 December 2022, the 294-person firm had $48 billion in assets under management. 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. SBA Administrator Guzman Awards Minnesota's Abdirahman Kahin of the As independent sponsors, it is critical for us to find a capital partner who thinks collaboratively like an actual partner. 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. We pride ourselves on being there for our clients from the beginning (Pre-LOI) to the end (the wiring of money). Don't get frustrated dealing with an 800 number or national chain insurance providers. While no two transactions are alike, historically, ACP clients have achieved above market deal fees, ongoing compensation, management fees and equity participation. Monroe Capital Announces Strategic Minority Investment by Bonaccord Capital Partners / Aberdeen Standard Investments March 03, 2021 06:00 AM Eastern Standard Time Rest assured Bob has seen it all. A PROVEN RESOURCE TO INDEPENDENT SPONSORS They have gotten financing structures that no one else could even approach thus increasing our rates of return. Running a deal and putting it into the market has more moving pieces than you would ever realize. Frisch Capital Partners is the premier investment bank to help Independent Sponsors raise capital for their transactions. Navigation. Find the Right Partner. We partner with company owners and executives looking to: In addition, we partner with talented operators to define and pursue a collaborative investment thesis. The tide seems to be shifting as larger middle market funds are jumping into the mix. 4. 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. Acting like a funded private equity firm with discretionary capital is a fruitless exercise. Independent Sponsors. 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. Nonprofit organizations that are interested in being considered for an invitation to apply . 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. We work directly with companies, through intermediaries, in conjunction with fellow private equity and independent sponsors, and alongside operators. Post transaction, we seek to be an active partner, providing board level support and if necessary, additional capital for further growth. 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. Our systems and proprietary process, along with our deep relationships in the marketplace, allow us to be extremely efficient. 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. Securities offered through GT Securities, Inc., member FINRA, SIPC. You know you have the experience and expertise to take a company to the next level. They are my go to shop for financing for my portfolio companies. While the industry has changed, the concepts have not. We are still looking to invest in great deals, including those sourced by independent sponsors. Bob has been in finance for over 40 years. Our role is to support management with strategic guidance and our ability to identify, evaluate, and execute add-on acquisition opportunities. Be careful not to fall into the trap of accepting below market economics if you can avoid it. Creating value. Services Direct Investments - Cap Expand Partners H1B Sponsoring Companies List 2023 - by Alphabet, Salaries Aside from first hand experience, we are able to: We work extensively with investment bankers, M&A advisors, business brokers, accountants, lawyers, lenders, and other business intermediaries. Thanks to them we got great economics, did a number of add-ons with a great partner. Well do whatever it takes to get the deal done. He sees the Independent Sponsor model as the method executives and industry experts can take to own and run already established businesses. We understand the complex processes and . Having originated as an independent sponsor prior to our first fund, the model is in our DNA. This network knows the high standards we have when selecting our clients and the Independent Sponsor deals we work on. Angel Investors - Ask For Funding - Post a Funding Request Today What we offer to independent sponsors. 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. 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. 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. ACP has developed a tailored approach to help independent sponsors efficiently secure the right debt and equity capital partners, on the best economics terms. ACP has developed a tailoredapproach to helpindependent sponsors efficiently secure the right debt and equity capital partners, on the best economics terms. Community Giving - Corporate Social Responsibility - Wells Fargo 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. He also currently runs the Zell Entrepreneurship through Acquisition Program under the Zell-Lurie Institute at Ross, mentoring more than a dozen students each year in pursuit of careers in search funds, private equity, and mergers & acquisitions. 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. What economics have they provided sponsors in the past? Our capital is used to facilitate growth, acquisitions, recapitalizations, management buy-outs, generational transfers, and other ownership . Farragut Capital Partners 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. Managed Services and Outsourced Accounting. While the 2021 outlook is for a healthy M&A market, many potential participants are wondering if there could be a black swan event. 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.