800-631-2423

Latest News


Mar
28
2018
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 ...
Read more »

Mar
22
2018
Link to article here The soaring stock market has resulted in a frothy ABL market with competition at an all-time high and liquidations, outside of retail, at a low. Appraisals from the Big Four firms have held up. Charlie Perer looks into his crystal ball to envision the ABL scenario when the next recession hits. When the next recession hits, we are all going to find out whether the emperor...
Read more »

Mar
07
2018
The Company: Provider of a SaaS based system that assists K-12 educators and administrators in managing, overseeing and enhancing their students’ engagement in digital learning environments. The Financing Situation: Due to the cyclical nature of education-based budgeting and spending in school districts, cash flow in the EdTech space is highly seasonal. Contracts are paid on an annual b...
Read more »

Mar
02
2018
Company: A fast-growing insurance broker specializing in selling affordable self-insured health plans to municipalities and businesses with 100 plus employees. The Financing Situation: The Company was quickly seeking expansion capital to open 3 new office locations and hire new employees to support new clients it recently enrolled. The Solution: Super G specializes in funding busine...
Read more »

Feb
21
2018
The Company: Family-office backed U.S. manufacturer and supplier of specialty textiles. The Financing Situation: The Company was in the process of refinancing its existing senior credit facility with a lower cost ABL facility. However, there was insufficient collateral availability to pay off the entire senior credit facility balance. The Company’s M&E was already levered so the shortfa...
Read more »

Feb
07
2018
The Company: Leading producer of perennials, annuals and tropical plants and one of the largest greenhouse operations in the United States. The Financing Situation: The Company needed additional working capital for its low season (fall – winter), when sales volumes are at their lowest and preparations for the spring high-volume period begin. The Company has an asset based lending facility i...
Read more »

Jan
25
2018
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...
Read more »

Jan
25
2018
As many MSPs / VARs strive to grow their business, evolving from a small to a midsize company often requires capital.  MSPs / VARs need capital for acquisitions, geographic expansion, infrastructure, personnel, or to bridge the gap between paying for goods and services, and the time they actually receive payment from their customers. Regardless if your company is in its early or late stage, it wi...
Read more »

Jan
23
2018
Link to article here. Chicago is the best lower-and-middle market asset-based lending (ABL) city in the country. There has never been more ABL talent across different firms than in the city of Chicago, and the surrounding communities, including Cleveland and Detroit, that comprise the Great Lakes region. It has been 10 years since Bank of America bought LaSalle Bank to become one of key the mar...
Read more »

Jan
11
2018
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...
Read more »