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...
The Acquirer: Independent sponsor seeking 2nd lien capital for acquisition financing. The Target: Franchisor of after-school enrichment programs (math, reading, writing, and more) for kids ages 5 – 12. The Financing Situation: There was a shortfall between the Target’s purchase price and the equity + senior debt raised by the Acquirer. The Solution: Super G was able to quickly get comfortable with the Acquirer’s background, recurring...
MobileCause Positions Itself for Additional Product Advancement Newport Beach, CA (July 21, 2015) – Super G Funding (‘Super G”), announced a significant investment in MobileCause, a California company, and leader in mobile fundraising and communication for nonprofits. MobileCause provides a cloud based online fundraising and communication platform for nonprofit organizations enabling them to raise more money at a lower cost. Super G’s...
The Company: A manufacturer of various Hispanic themed ice creams, frozen yogurt, fresh fruit bars and other icy treats distributed throughout major big box and supermarket chains. The Financing Situation: The Company was in technical default with its senior lender and had an immediate seasonal over-advance capital need to finance raw materials for its summer busy season. The Solution: The senior lender assigned its note to Super G to...
Super G Funding Closes $1.5 Million 2nd Lien Financing for Professional Audio Electronics Manufacturer
The Company: A leading designer and manufacturer of software, hardware and related accessories for professional audio recording and live sound applications worldwide. The Financing Situation: The Company had engaged an investment bank to arrange a more flexible credit facility that would scale with the Company’s anticipated growth. To avoid pressures on shipping windows during the investment banking process, and pending completion of...