Caroline is here to put her decades of experience in details to work for you. Independent sponsor fees and economics shouldn't bethe only objective of a sponsor, but they are important. Since our formation in 2012, we have closed more than 35 investments with independent sponsors. They are now emerging from the mayhem and have demonstrated that they are good business owners. Subscribe to Merit Capital communications. What should independent sponsors look for in a capital partner? No other investment bank has specialized in helping Independent Sponsors raise capital as long as we have. To discuss a potential transactionor to start building a relationship, please contact: For all other general inquiries, please email: info@accesscappartners.com. Access Capital Partners is a middle market investment bank focused exclusively on raising debt and equity capital for independent sponsors, executives and family offices. Well be the answer to your questions, the sounding board when youre frustrated, and the first to toast you at the closing. Having originated as an independent sponsor prior to our first fund, the model is in our DNA. The most successfulfundless sponsorsfocus on institutional quality deal sourcing, transaction execution, portfolio company monitoring and often invest personal funds along-side other investors. We often find our clients asking us: Which capital sources make the best partners for independent sponsors? Independent Sponsors Experience - Merit has completed a significant number of independent sponsor-led transactions, including several transactions with repeat sponsors. We've changed the way the independentsponsorssecurecapital and strive to be aninnovator in the space. Due to their infrastructure and resource constraints, independent sponsors essentially served as an extension of their sourcing efforts. They have worked on over 15 transactions for me raising capital in excess of hundreds of millions of dollars. You need to ask the right questions how many independent sponsor deals have they done? Selecting the right capital partner is critical for independent sponsors. Create a funding request to ask for funding from over 5,400+ investors. Frisch is our go-to partner in capital raising. Invaluable is a word that gets tossed around indiscriminately these days - Bob's guidance was truly invaluable in our case. 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. 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. The Oregon Watershed Enhancement Board has awarded seven grants totaling more than $4.1 million for conservation easements to protect working farms and ranches. If you'd like to explore a career with Access Capital Partners, please. Be careful not to fall into the trap of accepting below market economics if you can avoid it. Bob and Drew were trusted business advisors on every aspect of the process. With an intensive focus on the independent sponsor model, we understand the unique challenges that independent sponsors face in todays evolving market. The need for the capital provider to control the deal is in many times a "deal killer" for independent sponsors. The COVID-19 pandemic has impacted nearly every business, positively or negatively, and some more than others. This prestigious award recognizes . , Associates of Access Capital Partners are registered representatives of, and securities transactions are conducted through, StillPoint Capital, LLC, MemberFINRAandSIPC, Tampa, FL. Experience Merit has completed a significant number of independent sponsor-led transactions, including several transactions with repeat sponsors. 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. For over 25 years, Frisch Capital has acted as the financing arm for Independent Sponsors buying companies, raising both debt and equity. Well find you partners that match up not only financially, but personally and address the specific dynamics of your deal as well. Bob helped us formulate and implement a new strategy that allowed us to attract significant funds and build again. 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). Back then especially, independent financial advisors in the RIA channel lacked a product-neutral source for . As you know, when an Independent Sponsor has a deal under exclusivity EVERY DAY MATTERS! We will not spam, rent or sell your email. This makes our incentives much more aligned with all the shareholders, including sellers who maintain a stake in their company. 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. 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. Youre getting the best with decades of experience in raising capital, mergers and acquisitions, private placements, operations and executive coaching. My experience with Frisch Capital was outstanding. 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. In conversations Ive had with capital providers, they believe that differentiation relative to independent sponsors can be achieved in the following areas: 1. 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. 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. 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. Valuation arbitrage exists especially between smaller and larger businesses. Our comprehensive and flexible equity capital and junior debt solutions help our partners achieve successful outcomes. Having closed so many deals with independent sponsors over such an extended period of time provides us a rare perspective. 313.237.5100 | One Towne Square, Suite 1400, Southfield, MI 48076, 2023 Peninsula Capital Partners | Terms & Conditions. I cannot say it any more strongly than this - Bob saved my company. 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. We've spent years building relationships with alternatives debt funds, family offices, private equity firms and traditional institutional LPs that invest with independent sponsors. We have partnered with independent sponsors in three investments in our current fund: Arch Global Precision, Acme Cosmetic Components and EnviroScience. Why is anything less than that reasonable or acceptable? 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. (Hint- it's really, really good.). He knows what its like to be in your shoes. Assisting with both new acquisitions, as well as recapitalizations, ACP has become a trusted partner in the independent sponsor community. Whether this is your first deal or your 5th, you need to talk to us. Frisch Capital Partners is the premier investment bank to help Independent Sponsors raise capital for their transactions. INDEPENDENT SPONSOR FINANCING SOLUTIONS. 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. 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. Since 2013, Dave has taught an MBA course at Ross titled Entrepreneurship through Acquisition. Kirtland can support independent sponsor led transactions as the control-equity investor. We would be proud to work with them anytime." Gregory Young Managing Partner, Isleworth Capital Partners 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. Frisch Capital Partners is the premier investment bank to help Independent Sponsors raise capital for their transactions. 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. If there is glue on a team, then Caroline is the Frisch glue. The need for the capital provider to control the deal is in many times a deal killer for independent sponsors. Due to our success, we now have our own fund. They have gotten financing structures that no one else could even approach thus increasing our rates of return. T: 301.364.9020 F: 301.364.9022 : home l team l portfolio l news l careers l contact l brochure In each case, our capital structure allows for creative financing solutions that work for everyone involved, and . securecapital and strive to be aninnovator in the space. In the end, results are what matter - and they were professionally delivered. 2. From our experience, receiving numerous offers (term sheets/proposals) always results in favorable economics and terms for our clients. Well do whatever it takes to get the deal done. Throughout the transaction, your wisdom, steady hand and goodwill were vital to the successful commercial outcome achieved on behalf of all parties. While our fund structure has changed our focus hasnt. My family and partners are eternally grateful to Bob for his assistance. 7733 Forsyth Blvd. Drew is a serial entrepreneur having started 5 businesses, sold a few and still owns some. 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. CohnReznick refers to CohnReznick LLP or any of its subsidiaries or affiliates. 2020 | FCP Partners, dba Frisch Capital Partners | PRIVACY POLICY. 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. I am happy to discuss at any time. The ideal independent sponsor funding source embraces the independent sponsor model because they want to, not because they have to. Whether this is your first deal or your 5th, you need to talk to us. Consequently, they must find creative new ways to differentiate themselves. I would recommend FCP for any capital raising, transaction or sale oriented services. Tregaron Capital. Want Better Independent Sponsor Economics or More Complimentary Partners? Learn more. Independent Sponsors. You have direct access to our team of experienced professionals, from senior investment bankers all the way down to analysts. Throughout the transaction, your wisdom, steady hand and goodwill were vital to the successful commercial outcome achieved on behalf of all parties. 2023 CohnReznick LLP, All Rights Reserved. We know deals dont sleep, and that means we dont either. The future for the independent sponsor ecosystem appears bright. Read our top tips for developing a healthy acquisition pipeline, facilitating smooth integrations, and more. Greg Porto | email Greg Tobben | email, Access Capital Partners 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. Contact. Don't get frustrated dealing with an 800 number or national chain insurance providers. GREAT WORDS FROM CLIENTS Read Testimonials Now! 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. At CohnReznick, we forge deep and trustworthy relationships with independent sponsors, facilitating and contributing to their success. | Suite 1151 | St. Louis, MO 63105 If you'd like to explore a career with Access Capital Partners, please contact us. The time consuming, emotional and thankless process of raising capital is taken off your shoulders. 2. Before Peninsula, Dave spent 10 years at Strength Capital Partners, a committed capital and independent private equity firm in Birmingham, MI. Every single one of our deals is 100% individually tailored and 100% hands-on. Independent-sponsor-led buy-and-build platforms are emerging in fragmented industries such as healthcare, industrial, and residential services, and are being scooped up by these larger funds. At the same time, there is an increasing number of debt and equity capital partners that predominately or solely focus on independent sponsor transactions. 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. Access Capital Partners (ACP) is a middle market investment bank focused exclusively on raising debt and equitycapital for independent sponsors, executives and family offices. Whereas some independent sponsors are keenly interested in being involved in the companys operations, others are more strategic minded, preferring more passive board roles. Access Capital Partners is an investment bank focused on raising capital for independent or fundless sponsor acquisitions and recapitalizations. 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. New State fully delivered on all aspects of the combined relationship between co-investors and the Sellers. The changing influence of capital providers. Hestia Capital Highlights Recent Support from Two Leading Independent Proxy Advisory Firms. Similarly, having a third party negotiate on your behalf protects your relationship with your new capital partners. 4. 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. 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. While there is no longer a scarcity of capital, first-time sponsors do not yet have strong relationships. 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. Unlike many other private capital firms, we are not wedded to a certain investment formula or ownership structure. We provide an extensive list of Insurance products to suit whatever your needs may be. When you hire Frisch Capital you dont just get decades of finance/deal experience, but also get exceptional performance coaching. I have worked with Frisch capital partners for over 20 years, they have always come through for me and my companies. Learn how this practice has helped clients create value in the business lifecycle in this 2022 year in review. Private equity and independent sponsors will become more collaborative, thereby leading to a win-win scenario for all stakeholders. 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. Supporting growth. Thanks to them we got great economics, did a number of add-ons with a great partner. your closing fees, management fees, carried interest/promote). 2020 | FCP Partners, dba Frisch Capital Partners | PRIVACY POLICY. Nexia International Limited and each of its member firms are separate legal entities and not part of a worldwide partnership. My family and partners are eternally grateful to Bob for his assistance. We'll gladly provide guidance on transaction viability, structures and capital alternatives to help you refine which opportunities to pursue. Funding comes from the state . Private debt funds have flexibility in their capital structures, with many able to pick up a sizable piece of the equity needs. Dave lives in Birmingham, MI with his wife and two daughters. 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. Sure, if you are a first-time sponsor, you have hurdles to overcome in getting that initial deal financed. We look forward to working with Bob and Drew on future opportunities. Bassett Creek will forever be grateful to Frisch Capital. FOCUS ON VALUE CREATING ACTIVITIES. Save Time. Capital providers are no longer in the drivers seat. 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. Weve built an incredible network of capital providers that love working with Independent Sponsors. A PROVEN RESOURCE TO INDEPENDENT SPONSORS Ocean Avenue Capital Partners 401 Wilshire Boulevard, Suite 1020 Santa Monica, CA 90401. Independence Capital Partners was founded in 1997 to provide back office and infrastructure support to private equity and real estate fund managers. From refining your thesis, marketing your deal, negotiating great Independent Sponsor . Navigation. her responsibilities go on and on. Our financing process always aims to exceed market-based Independent Sponsor economics (ie. While the 2021 outlook is for a healthy M&A market, many potential participants are wondering if there could be a black swan event. 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. He now dedicates his career to helping individuals buy companies, find greater success and live life on their own terms. Frisch Capital was a wonderful partner to Bassett Creek Capital. Our model supports an unwavering belief in our investment philosophy, the growth potential of our companies, and most importantly, the operators we back. Here are 6 guidelines to help you get the most out of the independent sponsor model: 1. 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. We partner with company owners and executives looking to: In addition, we partner with talented operators to define and pursue a collaborative investment thesis. 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. 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. 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. 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. The independent sponsor comes to the table with intimate industry knowledge, a value creation mindset, and the ability to roll up their sleeves. We're growing andlooking for talented and driven individuals to join our team. Frisch has been a critical partner in helping us raise capital for multiple deals as an independent sponsor. Historically, we saw traditional lower middle market private equity firms leading the way with 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. We look forward to working with Bob and Drew on future opportunities. Employer Name. What type of funding source would be the best fit for me and my deals? I would recommend FCP for any capital raising, transaction or sale oriented services. Negotiating can be a difficult task. Bob has been in finance for over 40 years. They prefer an equal partner someone who complements skills they may be lacking. Claudine M. Cohen, Managing Principal, Transactions & Turnaround Advisory. Bassett Creek will forever be grateful to Frisch Capital. Nexia International Limited does not deliver services in its own name or otherwise. Get Better Economics. For intermediaries working on the buy side or those who refer a company to us, we pay customary success fees. We work directly with companies, through intermediaries, in conjunction with fellow private equity and independent sponsors, and alongside operators. This is notwithstanding that many independent sponsors come from large, successful private equity firms. What are their criteria for independent sponsor deals? 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. We strive to deliver competitive, flexible capital solutions with the right capital partners to support both . 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. 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. Our founders were focused on finding great deals and helping those businesses grow with our support. What economics have they provided sponsors in the past? 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. Find the Right Partner. Sharing the deal economics. Weve coached hundreds of Independent Sponsors through the business-buying process in the last 26+ years. They prefer an equal partner - someone who complements skills they may be lacking. Building the business. As your confidant and guide we will get you through the process and coach you every step of the way. We've alsodeveloped a tailored approach that creates optionality, uncovers the right capital partners and improves success rates. Securities offered through GT Securities, Inc., member FINRA, SIPC. 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. Let us take the burden of raising capitaloff your shoulders, so you can focus on deal sourcing, building relationships with business ownersand growing existing portfolio companies.

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