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: Producer of machined and fabricated components and parts for original equipment manufacturers in the agriculture, construction, mining, and oil & gas industries. The Financing Situation: The Company was seeking additional working capital to create availability on its line of credit and fund growth initiatives. The Company’s asset based lender, North Mill Capital (“North Mill”), which is not affiliated with Super G, was...
The Company: Sponsor-backed provider of employee healthcare management services. TTM Revenue: $35mm | TTM EBITDA: $5.6mm The Financing Situation: The Company was seeking additional working capital for (i) seasonality around Q4 employee enrollment, (ii) cushion to continue growth and run an M&A process, and (iii) minimum liquidity to stay in compliance with bank covenants. The Company’s senior lender is providing an asset-based revolving...
The Company: Private equity backed, outsourced pharmaceutical service provider conducting clinical research. TTM Revenue: $17mm |TTM EBITDA: $1mm The Financing Situation: The Company had a cash flow based term loan with its bank and was in technical default. Given the combination of lender fatigue, lumpy sales & cash collections due to the timing of contracts, and high monthly payments on the term loan, the Company was seeking immediate...
The Company: Software as a service platform that provides data management solutions to insurance agencies, government agencies, hospitals and other healthcare organizations. The Company’s service offering includes enrollment and network management, medical credential verification, continuous monitoring of provider data, and claims screening. The Financing Solution: The Company was in the process of raising a large strategic equity round...
Super G Funding Closes $1.1 million 2nd Lien Loan to Complement Marquette’s Credit Facility to Niche Manufacturer
The Company: A sponsor-backed company which engineers, manufactures, and sources customized user-interface and product identification components for customers in the medical, aerospace, industrial, and consumer industries. The Financing Situation: The Company was in the process of transitioning from its commercial bank lender to an asset based lender, Marquette Business Credit, and Super G helped complete the financing structure. The...
The Company: A fully-integrated digital media content company. The Financing Situation: The Company was in the process of raising venture capital to fund strategic acquisitions and other long-term growth initiatives. During this process, the Company needed additional working capital to fund operations in order to maintain its growth trajectory. The Solution: Super G was able to quickly get comfortable with the Company’s value proposition,...
The Company: A private equity backed candle manufacturer in the Southwest with distribution throughout the United States and Canada. They offer a variety of candle types, fragrances, and accessories. The Financing Situation: Due to growth the Company had a larger than usual seasonal need during its low working capital cycle in the summer. The Company’s bank could not increase availability fast enough for production going into the fall...