SG Credit Partners Provides $3.2MM Unitranche Loan – Collateral Based Term Loan A + Cash Flow Based Term Loan B
The Company: Midwest-based specialty retailer of mattresses and accessories. The Company sells through 50+ stores as well as its Company-owned DTC eCommerce channel. The Financing Situation: The CEO was looking to complete a management buy-out of the Company. The business was owned by a family office that acquired it through a restructuring a few years ago. After negotiating the purchase price, the management team needed additional capital...
SG Credit Partners Provides $1.0MM Second Lien Bridge Loan to Independent Registered Investment Advisor
The Company: Privately held independent registered investment advisor (RIA) that provides wealth, asset, and business management services to high-net-worth individuals and families. The Company has a variety of unique services not typical of traditional RIAs including access to alternative investments. Assets Under Management: $300MM+ The Financing Situation: The Company was experiencing rapid growth in AUM and planned to go to...
The Company: A single-asset real estate holding company owned by a prominent carwash company in the Midwest. The carwash company is just one subsidiary of a broader investment company with interests in a multitude of industries. The Financing Situation: The Company had an executed purchase agreement on a property that it intended to acquire and construct an expansionary carwash location under its existing brand. The Company needed 100%...
SG Credit Partners Provides $2.1MM Unitranche Loan – Collateral Based Term Loan A + Cash Flow Based Term Loan B
The Company: Sponsor-backed e-tailer of aftermarket auto parts focused on a niche of the broader aftermarket industry. The Company sells through its Company-owned DTC eCommerce channel as well as through 3rd party marketplaces. Revenue: $37MM | EBITDA: $1.4MM. The Financing Situation: Over the past few years a series of events negatively impacted the financial performance of the Company including a heightened tariff environment in 2019....
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 wholesaler of licensed toys, collectibles, and housewares. Revenue: $22mm | EBITDA: $2.8mm The Financing Situation: The Company needed additional working capital to purchase inventory in advance of the holiday busy season. The Company has a flexible asset-based credit facility from FSW Funding (“FSW”), however, given the seasonality of revenue, the Company’s current accounts receivable balance did not provide...
The Company: Family office backed designer, marketer and manufacturer of specialty dancewear. Revenue: $18mm | EBITDA: $2.4mm The Financing Situation: The Company had recently established an inventory based credit facility with Crossroads Financial to fund general working capital needs and was in need of additional liquidity during its low season (April to October) for inventory purchases and general operating expenses. Given the recent...
The Company: Privately owned manufacturer of premium artisanal Greek yogurt, handmade from a proprietary family recipe. Financial Profile: Revenue: $21MM | EBITDA: $2MM The Financing Situation: The Company had engaged a middle market investment bank to secure a large round of growth equity capital. During this process, the Company required additional working capital to help complete the opening of a new manufacturing facility that would...
The Company: A sponsor-backed company that formulates and distributes impression fragrances. The Financing Situation: The Company recently transitioned from a commercial bank lender to an asset based lender, Bibby Financial Services. The Company required a seasonal-over-advance to build inventory and maintain vendor relationships in order to fulfill anticipated sales order growth for the holiday season. The Solution: Super G was able...
The Acquirer: Simply Color Lab, one of the nation’s top professional photography printers. The Target: ShootQ, a SaaS company that provides a complete studio management system made especially for photographers. ShootQ’s virtual management software assists its professional photography users in all facets of the sales process from tracking prospective clients, contract and payment management, to client product delivery, and much more. The...