Bison Capital LLC has relationships with several NY and CT-based broker dealers through which it can offer traditional investment banking and M&A services. The client focus is on privately-held companies raising $1 million to $40+ million in debt facilities and/or equity capital. Client annual revenues should exceed $5 million with EBITDA margins of at least 10% with margin improvement projected within one to two years. For companies going through a restructuring or transition, clients might have negative EBITDA with a turnaround plan to return the company to profitability within one year or less.

Special Situation Financing
Bison serves as a dedicated origination agent for several “special situation” finance companies that provide loan facilities and/or equity type investment to middle market companies seeking growth capital and acquisition financing, requiring additional liquidity for a restructuring or transitional process or refinancing of “tired” lenders and investors. These capital providers can typically close a financing transaction within a 4-6 week time frame which is critical to a company in transition seeking a timely infusion of capital and certainty of close.

“Special Situation” capital providers represented are:

• MidCap Business Credit (www.midcapcredit.com) - a commercial finance company that makes working capital loans to small and mid-sized companies. MidCap provides first lien secured asset based working capital revolver facilities from $1 million to $15 million which are provided to a wide variety of companies including manufacturers, distributors, wholesalers and service companies. The revolver facilities are collateralized by accounts receivable (both domestic and foreign) and inventory. MidCap can provide short-term term loan facilities secured by a first lien on machinery and equipment and real estate assets. MidCap can also provide collateral monitoring services for third parties such as banks, finance companies and hedge funds.
  
• Boone Opportunity Lenders (www.boonelenders.com) - a specialty finance fund that provides hybrid and cash flow secured term loans to profitable, high growth middle market companies in a variety of industry segments particularly service related businesses and software and technology-based service providers. Boone provides loan facilities from $500 thousand to $5+ million to fund acquisitions, recapitalizations, management buyouts, bridge financings and other “special situations”. Boone can partner with trade finance and floor plan lenders, banks and traditional asset based lenders and factors to provide second lien only term funding. As a quasi-debt/equity capital provider, Boone requires evidence of a positive cash flow history, enterprise value and significant growth potential for its potential borrowers.
  
• Apex Fundamental Partners (www.apexfpllc.com) - a privately held investment and specialty finance company which provides asset based first and second lien senior debt financing to companies undergoing a turnaround and restructuring process, purchases under performing senior secured corporate debt and acquires troubled companies as an equity investor. Apex can provide debt facilities and/or make equity investments in the $4 million to $40+ million range with a preference for proprietary “special situations”. Apex can provide stretch senior asset based loan facilities, second lien only financing, convertible debt and other forms of junior capital investment. Apex can also provide real estate focused term financings.

Capital Raising Services
Based on its relationships with several NY and CT-based broker dealers, Bison Capital's principals have the capability to handle a variety of financings and investment banking needs for manufacturing, service and value-added distribution companies ranging from technology-based to traditional industries. Financings can also be for portfolio companies of private equity and venture capital funds on a pre or post-closing basis. Bison's principals can also serve as informal advisors in merger and acquisition situations where the client is either a buyer or seller of assets and businesses.

Financings may include:

• Traditional senior asset based or cash flow first and second lien bank and finance company debt facilities
  
• “Special situation” first and second lien secured asset based and hybrid working capital revolvers and term loan financings
  
• “Special situation” senior and subordinated bridge facilities
  
• Traditional mezzanine investments
  
• Trade finance and cross border programs
  
• Equipment and venture leasing facilities
• Preferred, convertible preferred, and common stock
  

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