The Company: Provider of IT managed services and cloud collaboration solutions. The Company’s management team owns corporate real estate held in a LLC outside of the Company. The Financing Situation: The Company was in need of upfront working capital for new contracts, but did not have availability on its bank ABL. The bank ABL had recently closed its credit facility and was not able to provide additional financing until there was a...
The Company: Family-owned industrial recycling company that sells processed and unprocessed materials to domestic and international mills, foundries, and other material processors. Financial Profile: Revenue: $40.0mm The Financing Situation: Management was exploring a sale of the Company and needed additional working capital beyond the availability on their asset-based lending (“ABL”) facility. SG Credit Partners was approached to provide...
The Company: Venture-backed SaaS provider for content management and digital publishing. Revenue: $8mm | Equity Raised: $22mm The Financing Situation: The Company was placed in the Bank’s special assets division due to a covenant violation. Although the Company continued to perform, the Bank wanted to exit the credit. Super G was brought in to offboard the client and provide additional working capital. The Solution: Super G was able to...
The Company: Venture backed, subscription e-commerce brand. The Financing Situation: The Company is in growth mode, rolling out direct-to-consumer brands in addition to its subscription e-commerce business, and was seeking a non-dilutive solution as a bridge to a strategic sale or next equity round. The Company‘s management team wanted excess working capital cushion to remain focused on growth initiatives and maintain compliance with...
The Company: A publicly traded franchisor and licensor of take-and-go food products distributed through traditional and non-traditional food service outlets. The Financing Situation: The Company was seeking growth capital in the amount of $2,000,000 to develop a new food service concept that would serve as a showcase for new franchisees and an additional revenue stream. The Company preferred a non-dilutive debt structure over raising...
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 Company: A family owned and operated waste management company providing solid waste hauling and recycling services to residential and commercial customers throughout Southern California. The Financing Situation: The Company was awarded an exclusive license to service a highly sought after municipality and needed immediate financing to fund upfront working capital. At the same time, the Company was in technical default with its senior...
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...
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...