Ocean Avenue Capital Partners 401 Wilshire Boulevard, Suite 1020 Santa Monica, CA 90401. Access Capital Partners is not affiliated with StillPoint Capital, LLC. Why is anything less than that reasonable or acceptable? My experience with Frisch Capital was outstanding. Thanks to them we got great economics, did a number of add-ons with a great partner. To discuss an opportunity or learn more about how Access Capital Partners helps independent sponsors, please contact Greg Tobben or visit Access Capital Partners. (Hint- it's really, really good.). 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. 4. 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. Independent Sponsors Experience - Merit has completed a significant number of independent sponsor-led transactions, including several transactions with repeat sponsors. After substantial vetting and comparative shopping FCP was selected as my critical partner. ACP has developed a tailoredapproach to helpindependent sponsors efficiently secure the right debt and equity capital partners, on the best economics terms. CohnReznick refers to CohnReznick LLP or any of its subsidiaries or affiliates. Greg Porto | email Greg Tobben | email, Access Capital Partners Every single step of the way. ISS and Glass Lewis Endorsed Hestia's Case for Meaningful Boardroom Change at Pitney Bowes and . Invaluable is a word that gets tossed around indiscriminately these days - Bob's guidance was truly invaluable in our case. Sharing the deal economics. I would recommend FCP for any capital raising, transaction or sale oriented services. Website. Access Capital Partners is an investment bank focused on raising capital for independent or fundless sponsor acquisitions and recapitalizations. How do they see your role after the transaction closes? You will not go wrong having Bob on your team. 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. ACP has developed a tailored approach to help independent sponsors efficiently secure the right debt and equity capital partners, on the best economics terms. The need for the capital provider to control the deal is in many times a "deal killer" for independent sponsors. We will not spam, rent or sell your email. Kirtland was founded back in 1977 as a pledge fund and spent our early years operating under this model. 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. We havepartnered with independent sponsors in three investments in our current fund: Arch Global Precision, Acme Cosmetic Componentsand EnviroScience. They are my go to shop for financing for my portfolio companies. 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. As you know, when an Independent Sponsor has a deal under exclusivity EVERY DAY MATTERS! They prefer an equal partner someone who complements skills they may be lacking. Our comprehensive and flexible equity capital and junior debt solutions help our partners achieve successful outcomes. securecapital and strive to be aninnovator in the space. The time consuming, emotional and thankless process of raising capital is taken off your shoulders. Based on their responses, you can decide if they really want to work with you. Having originated as an independent sponsor prior to our first fund, the model is in our DNA. As a firm principally dedicated to investing in non-traditional buyouts and other leveraged transactions, we have the institutional expertise and flexibility to understand and structure a customized capital solution for independent sponsor deals. Funding comes from the state . If you'd like to explore a career with Access Capital Partners, please. 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. Family offices, while still a viable provider of capital, are losing out to traditional private equity, which has stepped up in providing competitive economics. 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. Similarly, having a third party negotiate on your behalf protects your relationship with your new capital partners. 3. For all other general inquiries, please email: LEVERAGE OUR RELATIONSHIPS AND EXPERTISE. 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. At CohnReznick, we forge deep and trustworthy relationships with independent sponsors, facilitating and contributing to their success. He serves on the board of Birmingham Girls Softball, helping to provide athletic and personal development to more than 300 players each year. Navigation. SAVE TIME. We know the ins and outs of deals, raising capital and finding the right investors to partner with you. 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. Employer Name. your closing fees, management fees, carried . . The military's statement raised the likelihood of a renewed surge in the nearly weeklong violence that . With an intensive focus on the independent sponsor model, we understand the unique challenges that independent sponsors face in today's evolving market. Phone: (424) 238-0730 Fax: (424) 238-0728 Email. Partners Capital Investment Group, LLC is an outsourced investment office (OCIO) that serves endowments, foundations, pensions, investment professionals, and high-net-worth families in Europe, North America and Asia. 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. 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. . I cannot say it any more strongly than this - Bob saved my company. He understands the nuances of financial transactions which has served his clients exceedingly well over the years. Max. The tide seems to be shifting as larger middle market funds are jumping into the mix. 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. Frisch Capital was a wonderful partner to Bassett Creek Capital. 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. "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. Selecting the right capital partner is critical for independent sponsors. We're growing andlooking for talented and driven individuals to join our team. Back then especially, independent financial advisors in the RIA channel lacked a product-neutral source for . Capital providers are no longer in the drivers seat. Frisch Capital Partners is the premier investment bank to help Independent Sponsors raise capital for their transactions. our whole focus is to not only raise the capital for your deal, but give you peace of mind that you are getting the best economics the market has to offer. Top 200 H1B Job Titles. Each entity is a separate legal entity and solely responsible for its own acts and/or omissions. Read our top tips for developing a healthy acquisition pipeline, facilitating smooth integrations, and more. Bob helped us formulate and implement a new strategy that allowed us to attract significant funds and build again. | Suite 1151 | St. Louis, MO 63105 Frisch Capital Partners is the premier investment bank to help Independent Sponsors raise capital for their transactions. 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. My experience with Frisch Capital was outstanding. The first step is downloading our White Paper, How Independent Sponsor clients get better economics. This report will show you how you can improve your Independent Sponsor economics and what we are seeing in the marketplace. Subscribe to Merit Capital communications. Want Better Independent Sponsor Economics or More Complimentary Partners? We work directly with companies, through intermediaries, in conjunction with fellow private equity and independent sponsors, and alongside operators. Invaluable is a word that gets tossed around indiscriminately these days - Bob's guidance was truly invaluable in our case. We often find our clients asking us: Which capital sources make the best partners for independent sponsors? While our fund structure has changed our focus hasnt. 2020 | FCP Partners, dba Frisch Capital Partners | PRIVACY POLICY. Our model supports an unwavering belief in our investment philosophy, the growth potential of our companies, and most importantly, the operators we back. A PROVEN RESOURCE TO INDEPENDENT SPONSORS 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. Private debt funds have flexibility in their capital structures, with many able to pick up a sizable piece of the equity needs. 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. Frisch is our go-to partner in capital raising. A tenuous 24-hour cease-fire ran out Thursday evening with no word of an extension. 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. Contact. In an M&A market that is unpredictable and uncertain, its strategic investors time to shine. 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. They have worked on over 15 transactions for me raising capital in excess of hundreds of millions of dollars. 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. 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. From refining your thesis, marketing your deal, negotiating great Independent Sponsor . You need to ask the right questions how many independent sponsor deals have they done? In the end, results are what matter - and they were professionally delivered. Supporting growth. You want him on your team. 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. 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. But what happens when situations arise and portfolio companies underperform, or the macroeconomic environment changes? INDEPENDENT SPONSOR FINANCING SOLUTIONS. 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. 3. Securities offered through GT Securities, Inc., member FINRA, SIPC. Quadecs Founder and Principal, Dave Hiemstra, has over 22 years of experience with middle market companies. Having closed so many deals with independent sponsors over such an extended period of time provides us a rare perspective. 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. A great funding partner brings more to the table than the capital to close your deal. 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 . Save Time. Before Peninsula, Dave spent 10 years at Strength Capital Partners, a committed capital and independent private equity firm in Birmingham, MI. The independent sponsor comes to the table with intimate industry knowledge, a value creation mindset, and the ability to roll up their sleeves. ACP has developed a tailoredapproach to helpindependent sponsors efficiently secure the right debt and equity capital partners, on the best economics terms. 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 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. I was delighted with their expertise, responsiveness, engagement and overall process management in a large and very successful engagement. A successful and referenceable track record of working with independent sponsors. 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. The Oregon Watershed Enhancement Board has awarded seven grants totaling more than $4.1 million for conservation easements to protect working farms and ranches. We were somewhat profitable but unable to raise capital to grow. 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. Bob helped us formulate and implement a new strategy that allowed us to attract significant funds and build again. I recently participated in the 10th Independent Sponsors Summit presented by iGlobal Forum. Independent sponsor fees and economics shouldn't bethe only objective of a sponsor, but they are important. Dave lives in Birmingham, MI with his wife and two daughters. Learn more. He sees the Independent Sponsor model as the method executives and industry experts can take to own and run already established businesses. Perhaps the biggest takeaway in the still growing and maturing independent sponsor sector is that finding capital, both debt and equity, is no longer a top concern. What type of funding source would be the best fit for me and my deals? 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. 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 . 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. Frisch has been a critical partner in helping us raise capital for multiple deals as an independent sponsor. Frisch Capital deeply believes in the importance of gathering competitive bids on each deal to ensure the client has multiple options for structuring his/her deal. additional capital. For over 25 years, Frisch Capital has acted as the financing arm for Independent Sponsors buying companies, raising both debt and equity. Throughout the transaction, your wisdom, steady hand and goodwill were vital to the successful commercial outcome achieved on behalf of all parties. The average size of an angel investor investment on our site is $250,000. For any inquiries, please call or email us: 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. Claudine M. Cohen, Managing Principal, Transactions & Turnaround Advisory. When we're hired, we pride ourselves on delivering results. Independent Sponsors. Sharing the deal economics. Private equity and independent sponsors will become more collaborative, thereby leading to a win-win scenario for all stakeholders. 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. , Associates of Access Capital Partners are registered representatives of, and securities transactions are conducted through, StillPoint Capital, LLC, MemberFINRAandSIPC, Tampa, FL. What should independent sponsors look for in a capital partner? For more information on Broker Dealers and Registered Representatives visithttps://brokercheck.finra.org/. They prefer an equal partner - someone who complements skills they may be lacking. ACP prides itself on a being a trusted partner and resource in the independent sponsor community. Don't get frustrated dealing with an 800 number or national chain insurance providers. Due to our success, we now have our own fund. 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. Sure, if you are a first-time sponsor, you have hurdles to overcome in getting that initial deal financed. 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. Assisting with both new acquisitions, as well as recapitalizations, ACP has become a trusted partner in the independent sponsor community. 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. her responsibilities go on and on. Thanks to them we got great economics, did a number of add-ons with a great partner. Team What We Do I am happy to discuss at any time. your closing fees, management fees, carried interest/promote). Well be the answer to your questions, the sounding board when youre frustrated, and the first to toast you at the closing. Here are 6 guidelines to help you get the most out of the independent sponsor model: 1. We provide an extensive list of Insurance products to suit whatever your needs may be. 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. 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. We look forward to working with Bob and Drew on future opportunities. 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. Weve built an incredible network of capital providers that love working with Independent Sponsors. 2. No other investment bank has specialized in helping Independent Sponsors raise capital as long as we have. 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. Ask us what our success rate is. If there is glue on a team, then Caroline is the Frisch glue. 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. These platforms result in multiple acquisitions requiring easily north of $100-$200 million of equity over a three- to five-year time horizon. Kirtland can support independent sponsor led transactions as the control-equity investor. Colbeck partners with companies during periods of transition, providing creative capital solutions and risk mitigation strategies. Youre getting the best with decades of experience in raising capital, mergers and acquisitions, private placements, operations and executive coaching. Nonprofit organizations that are interested in being considered for an invitation to apply . You have direct access to our team of experienced professionals, from senior investment bankers all the way down to analysts. info@accesscappartners.com| Tel: 314.783.9550 Learn more in this free training of how this works. How has the capital provider behaved? Frisch has been a critical partner in helping us raise capital for multiple deals as an independent sponsor. Get to know Douglas Song, Alberto Garofalo, and Matthew Cohen as they share insights as members of the independent sponsor community. Just being able to close the initial platform is not sufficient. You know you have the experience and expertise to take a company to the next level. Strategic investors take center stage in todays uncertain M&A environment. At Capital Partners Insurance we strive to provide our customers with exceptional Insurance protection. Throughout the transaction, your wisdom, steady hand and goodwill were vital to the successful commercial outcome achieved on behalf of all parties. Get Better Economics. Access Capital Partners is not affiliated with StillPoint Capital, LLC. Weve raised over $1 BILLION for our Independent Sponsor clients since 1996. 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. That means we get to know you, your deal, and your exact specific needs. As independent sponsors, it is critical for us to find a capital partner who thinks collaboratively like an actual partner. Rest assured Bob has seen it all. 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. This prestigious award recognizes . They are my go to shop for financing for my portfolio companies. Whether this is your first deal or your 5th, you need to talk to us. During the honeymoon period of the transaction, its easy for things to go well. Building the business. 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. 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. Our great success with independent sponsors owes to the fact that we are uniquely qualified to evaluate, structure and close such deals. Drew, Bob and Elizabeth delivered exactly as promised.
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