The Company: Southeast based consumer credit and identity solutions software-as-a-service provider, majority owned by founder & CEO Ed Margolin. Visit Fraud Protection Network’s website to learn more. The Financing Situation: The Company had previously financed its growth with a combination of equity and convertible notes. With new product rollouts and strategic partnerships in 2020 creating accelerated growth, the Company...
The Company: Privately owned consumer debt collection agency. The Financing Situation: The Company needed capital quickly to move on opportunistic portfolio purchases as well as working capital cushion while collection curves ramped up. The Solution: SG was able to quickly get comfortable with the transaction due to the value of dedicated portfolio collateral as well as a strong personal guaranty from the owner. SG worked quickly to...
SG Continues to Provide Capital Solutions in Today’s Environment, Closes $2MM Growth Capital Facility for SaaS Company
The Company: Founder-owned commercial real estate software-as-a-service (“SaaS”) platform. The Financing Situation: The Company’s legacy business has matured to a stable level with long-term contracted customers. Through a majority-owned subsidiary, the Company is developing a complementary SaaS platform. The new platform is still in its early stages of deployment and needed growth capital to fine-tune software development and expand...
The Company: Founder-owned AI software subscription and services company providing a management platform for microservice-based enterprise applications. Services Revenue: $10MM | SaaS Revenue: $3MM. The Financing Situation: The Company had successfully grown their annual recurring revenue (ARR) base from $2MM to $3MM over the course of 12 months with no outside investment. In order to raise an equity round at a high valuation, they...
The Company: Full-service mechanical contractor located in the Midwest that provides HVAC, plumbing/piping, and other mechanical services to the commercial and industrial/manufacturing sectors. Revenue: $90 MM | EBITDA: $5 MM. The Financing Situation: The Company recently raised capital from a private equity sponsor that has invested in several construction services businesses. The new ownership group wanted to refinance its existing...
The Company: Venture-backed SaaS platform for digital publishing. Revenue: $6MM | Equity Raised: $30MM. The Financing Situation: The Company’s existing debt facility was maturing and the incumbent lender was unwilling to extend due to lender fatigue and other circumstances. SG was brought in alongside an equity contribution to refinance the debt and provide additional working capital. The Solution: SG was able to quickly get comfortable...
Target Company: Oilfield service provider that specializes in pipeline construction and the fabrication of modularized production facility equipment to midstream operators as well as exploration and production (E&P) companies that operate in the Permian and Eagle Ford Basins. Financial Profile: Revenue: $50mm | EBITDA: $8mmAcquiring Company: An energy-focused holding company that provides financial, technical, operational and...
The Company: Non-VC/sponsor backed cloud-based video storage provider for smart home devices. Revenue: $10mm+ run rate | EBITDA: Break-even The Financing Situation: The Company was searching for a non-dilutive capital solution to help finance continued growth – customer acquisition costs and new data center facility capex. Bank financing was not an option given a combination of the Company’s non-institutional ownership and current...
The Company: Cloud-based media monitoring and intelligence platform with contracted, recurring revenue. Revenue: $15mm | EBITDA: $1.5mm | Equity Raised: $10mm The Financing Situation: The Company had a line of credit as well as a term loan in place with a Bank. Due to lender fatigue and technical default (financial covenant compliance) the Bank wanted to exit the credit. The Solution: Super G was able to get comfortable with the business...
The Company: Sponsor-backed, cloud-based software platform primarily marketed to outbound sales organizations. The Financing Situation: The Company raised over $3MM in a Series A equity round and experienced significant growth over the prior three years. The Company needed growth capital to execute on its sales pipeline, but did not want to raise additional equity before its Series B round due to dilution concerns at the current valuation....