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Bison Partners
has been active in the private equity and corporate markets as
well as building our core professional team, Advisors Group, and
networks of collaborating organizations and expert professional
services firms. The Bison team wants to keep you informed of
what's going on.
May 2011
Bison Retained by a Leading Subprime Auto Specialty Finance Company for $10MM of Mezzanine Financing
Bison has been retained by
a leading provider of subprime auto loans to raise up to $10 million of
mezzanine funding as part of a refinancing and growth capital transaction. The
company has secured up to $40 million of new senior bank financing and has been
required by the bank syndicate to raise
an additional tranche of subordinated debt funding to better capitalize the
company for the continued expansion of its marketing program and growth of its
loan portfolio.
May 2011
Bison Retained by a Leading Provider of Open Plan Furniture Systems for $3MM of Equity Growth Capital
Bison has been retained by a leading designer, manufacturer and
marketer of open plan furniture systems to arrange up to $3 million of
equity capital to fund the company’s planned expansion of its
distribution network and marketing programs. The company is currently
the market leading supplier to the institutional financial trading
market and is planning on expanding the marketing of its high quality,
customized/flexible use products to the commercial office markets. The
commercial markets are increasingly interested in open furniture
systems to foster more collaborative, team oriented working
environments as well as the achievement of LEED environmental
certification through the company’s material selection and
finishing practices.
April 2011
Bison Retained by an Advisor to a
Broadband/Wireless Telecommunications CLEC Company for $5MM of
Subordinated/Equity Growth Capital Financing
Bison has been retained by an advisor to a facilities-based
telecommunication CLEC company that provides high speed voice, long
distance, internet and data services to commercial customers
through its dedicated fiber optic and wireless network to arrange up to
$5 million of subordinated and equity capital to fund the
company’s planned expansion through organic means and selected
tuck-in acquisitions. The financing will allow the company to extend
its wireless infrastructure over a broader regional footprint, fund
expansion of its sales force, agency relationships and other
distribution channels as well as finance potential acquisitions.
March 2011
Bison Retained by a Leading Subprime Truck Specialty Finance Company for a $20MM Senior Secured Note Financing
Bison has been retained by a leading specialty finance provider of
subprime truck loans for used Class 8 “big rig” trucks sold
through a nationwide network of established dealerships to arrange up
to $20 million of senior secured note financing structured within a new
SPV established and capitalized by the specialty finance company. The
structured financing will provide capital to allow the management
company to expand its lending activities through its national network
of dealerships in over twenty four states.
February 2011
Bison Retained by a Management Team for $6MM of Venture Capital Funding for a Health & Wellness Center Business
Bison has been retained by an experienced management team to arrange
up to $6 million in venture capital funding for a medically integrated
health and wellness center business. The funding would provide
startup capital for facility construction costs and leasehold
improvements, equipment and furniture purchases and pre-opening
marketing and administrative working capital needs. The funding will
allow the business to build and open 10 or more centers under current
LOIs from community hospital groups.
February 2011
Bison Retained by a Designer & Importer of Women’s Apparel for a $1MM Purchase Order Financing Facility
Bison has been retained by an established and rapidly growing
designer and importer of beach inspired women’s apparel and
swimwear for a $1 million purchase order financing facility. The PO
facility will provide working capital flexibility to meet the
company’s growing Spring and Fall seasonal inventory purchasing
needs from its network of US and Chinese-based suppliers.
January 2011
Bison Retained by a Private Equity Sponsor for a
$20MM Asset Based Senior Credit Facility to Refinance its Consumer
Products Retailing Portfolio Company
Bison has been retained by a private equity sponsor to arrange an up
to $20 million asset-based senior credit facility to refinance the
current bank facility provided to its consumer products retailing
company that focuses on smaller urban demographic markets. The new ABL
credit facility would provide sufficient additional working capital
availability to fund the retailer’s three-year plan to open
stores in selected new markets and continue to support its transition
to profitability from the recent economic recession.
January 2011
Bison Retained by an Advisor to a Management
Team Acquiring & Developing a Supply Chain Finance Company for
$80MM of Senior/Junior Capital Financing
Bison has been retained by an advisory firm to assist it in raising
up to $80 million of senior and junior debt financing for an
experienced management team to acquire several established and
profitable factoring finance companies. The management team plans to
use the initial factoring company acquisitions as an origination and
servicing platform to build a nationally based full service
“supply chain” finance company targeting the underserved
small to medium sized corporate market. Additional debt and
equity financing may be required to fund growth in the accounts
receivable portfolios as well as expand the company’s services
into asset based lending, purchase order financing and cross border
trade financing.
January 2011
NextPoint LLC Joins Bison’s Business
Consulting Services Group with Dean Rockwell & Dennis Donovan
Serving as Senior Advisors
Bison announces that NextPoint LLC, a Western New York-based
financial advisory and business consultancy serving middle market
companies principally in the New England and Middle Atlantic regions,
and two of its founding principals, Dean Rockwell and Dennis Donovan,
have joined Bison’s Business Consulting Services Group.
NextPoint’s professional team has broad experience in general
management and operations, sales and marketing, M&A and capital
raising with its services including: crisis and turnaround management,
financial restructuring, post-acquisition integration and preparation
for divestiture, operational improvement, strategy development, capital
raising and management of corporate growth. NextPoint can also provide
interim/transitional management support serving in the role of CEO,
COO, CFO, Controller, Plant Manager and/or Sales Manager as well as
outsourced M&A services for companies considering acquisitions,
mergers or corporate partnerships/joint ventures. Mr. Rockwell heads
NextPoint’s Mergers & Acquisitions Practice and has
over 25 years of experience in mergers and acquisitions having
completed over 200 transactions involving both public and private
companies in domestic and international markets. Mr. Donovan heads
NextPoint’s Financial Restructuring Practice and has over 25
years of experience in M&A financing and restructuring transactions
as well as expertise in financial accounting, corporate valuation and
capital raising.
December 2010
Bison Engaged by a Private Equity Sponsor for a $4MM Senior Credit Facility for the Acquisition of a Health Services Practice
Bison has been engaged by a private equity sponsor to arrange up to $4 million of senior debt financing to fund the acquisition of an established and profitable multi-location dental services practice from its owner/manager. The proposed credit facility would help to fund the acquisition and provide ongoing working capital for the business.
December 2010
Bison Retained by a Private Equity Sponsor for a $5MM Senior Asset Based Credit Facility to Refinance its Specialty Glass Manufacturing Portfolio Company
Bison has been retained by a private equity sponsor to arrange an up to $5 million senior asset-based revolver/term loan credit facility to refinance a bank credit facility for its specialty glass manufacturing portfolio company. The new facility would provide sufficient additional working capital availability to support the company’s growing backlog of orders and forecasted revenue growth and return to profitability over the next three years.
November 2010
Bison Engaged by an Advisor to Arrange $16MM of
Equity Capital for the Acquisition of a Mortgage Banking Company by a
Veteran Management Team
Bison has been engaged by an advisor to assist in arranging up to
$16 million of equity capital to fund a veteran management team’s
acquisition of an existing and profitable privately-held mortgage
banking company. The equity funding would also support the expansion of
the existing business beyond its current marketing territory through
organic growth initiatives and selected acquisitions. The management
team has successfully acquired and developed two nationally-based
mortgage banking platforms with successful exits and plans to build the
acquired company into a nationally-based independent mortgage banking
business.
October 2010
Bison Engaged by a Private Equity Sponsor to
Assist in Arranging $30MM of Equity Capital to Acquire a Community Bank
& Mortgage Banking Company
Bison has been engaged by a private equity sponsor to assist in
raising up to $30 million of equity capital for the acquisition of an
established publicly-traded community bank and privately-held mortgage
origination and servicing company. The investment would serve to
recapitalize the bank and provide acquisition capital to enable the
bank to acquire and integrate the mortgage banking and servicing
business which both operate within the same geographic territory.
September 2010
Bison Engaged by a Private Equity Sponsor to
Assist in Arranging $3MM of Senior Bank & Mezzanine Financing to
Acquire a Dining Services Company
Bison has been engaged by a private equity group to assist in the
arraning of up to $3 million of senior bank and mezzanine financing to
acquire an established and profitable institutional dining and catering
services company from a privately-held vending services parent
organization. The debt financing would fund the acquisition as well as
provide ongoing working capital for day-to-day operational needs.
September 2010
Bison Engaged by a Management Team to Arrange $1.5MM of Venture Capital Funding for a Microbrewery Business
Bison has been engaged by a management team to arrange up to $1.5
million of venture capital funding for a startup regional microbrewery
business. The seed capital would provide funding for
sales/marketing programs such as brand development, promotional events
and local advertising, brewing operations and warehousing/distribution,
the build out of a “brew pub” and administrative overhead.
August 2010
Bison Announces Don McGuire as the Newest Member of the Advisory Group
Bison announces that Don McGuire has joined Bison’s Advisory
Group. Mr. McGuire is a senior financial and general management
advisor with over 30 years of experience in financial services,
operations management, strategic business development and
organizational transformation in both domestic and international
markets. Mr. McGuire is currently Managing Partner of DMM Advisors, an
advisory firm providing strategic, fundraising and operational services
to middle market companies as well as interim management services to
growth oriented companies. Mr. McGuire was formerly President, CEO
& Chairman of Metastatin Pharmaceuticals, a development stage
bio-pharmaceutical company, President, CEO & Director of Beenz.com,
a global internet company with unique marketing/currency features, and
Managing Director & COO of ING Barings/Furman Selz’s Americas
Corporate Finance group with operations in the US, Mexico, Brazil and
Argentina. Prior to ING, Mr. McGuire was VP-Corporate Finance at UBS
Securities and held investment banking and investment roles at BZW
Securities, GE Capital, Prudential-Bache Capital Funding and Government
Investors Trust.
April 2010
Bison Retained by a Private Equity Sponsor for $10MM Growth Capital Investment for its Power Quality/Distribution Portfolio Company
Bison has been retained by a private sponsor group to arrange up to $10 million of growth capital from institutional investors for its portfolio company that is a designer, manufacturer and marketer of power quality/grid monitoring/power distribution equipment and services for the industrial/food processing, semiconductor, data center, health care and automotive markets. The growth capital will fund the company’s business development opportunities, new product development initiatives and selected acquisitions.
April 2010
Bison Engaged by a Consumer Products Company for $2MM Purchase Order Financing
Bison has been engaged by a consumer products company in the nutritional supplements market to arrange up to $2 million of purchase order financing to provide the required working capital financing to support the company’s new multi-year contract with a national distribution partner which has accounts with major national retailers.
March 2010
Bison Retained by a Leading Regional
Vending/Food Services Company for $40MM Senior Debt
Financing
Bison has been retained by a leading regional vending/food
services company to arrange up to $40 million of senior secured
revolving credit/term loan facilities as part of a multi-tranche
refinancing and recapitalization process. The new senior secured
debt financing will refinance senior credit facilities currently
provided by a legacy lender, provide financing to complete two
identified acquisitions and fund the company's ongoing working
capital needs.
March 2010
Bison Retained by an Investment Banking
Boutique for $4MM Senior Credit Facility for a Precision
Investment Casting Company
Bison has been retained by an investment banking boutique to
assist in the arranging of a $4 million senior secured
asset-based revolving credit/term loan facility for a precision
investment casting company serving the energy, chemical
processing and aerospace markets. The credit facility will
refinance senior bridge financing that was used to acquire the
company from privately-held parent holding company.
February 2010
Bison Retained by a Private Equity Sponsor
for $50MM Senior Debt, $20MM Mezzanine Debt & $25MM Equity
Investment to Acquire a Data Center Services Company
Bison has been retained by a private equity sponsor to arrange
up to $50 million of senior bank financing, up to $20 million of
mezzanine investment and up to $25 million of equity capital to
acquire and fund the expansion of a data center company that
provides colocation services to ISP providers, professional
services/consulting businesses, healthcare systems, financial
service institutions and manufacturing companies. The company
will be acquired from the two founders who will continue as
senior managers and a group of private investors. The acquiring
sponsors will expand the current data center facilities and
selectively acquire and/or build new facilities within the
company's current regional footprint.
February 2010
Bison Retained by a Private Equity Sponsor
for $15MM Equity Investment to Acquire a Mortgage
Origination/Servicing Company
Bison has been retained by a private equity sponsor to arrange
up to $15 million of equity investment to acquire an established
and profitable family owned mortgage origination/servicing
company that principally focuses on the community bank and credit
union distribution channels. The equity investment will provide
additional capital for the company to selectively acquire smaller
regional mortgage origination businesses, opportunistically
purchase mortgage servicing portfolios on the secondary market
and organically grow its current origination platform.
February 2010
Bison Retained by a Private Equity Sponsor
for $5MM Revolver Facility for its Power Quality/Distribution
Portfolio Company
Bison has been retained by a private equity sponsor to arrange
a $5 million senior secured asset based revolver/term loan
facility for its portfolio company which is a designer,
manufacturer and marketer of power quality/grid monitoring/power
distribution equipment and services for the industrial/food
processing, semiconductor, data center, health care and
automotive markets. The credit facility will refinance a current
revolver/term loan facility provided by a local bank and provide
working capital funding to support the company's significant new
growth opportunities.
January 2010
Bison Engaged by a Financial Advisory Firm
for $20MM Equity Investment for a Mortgage Company
Acquisition
Bison has been engaged by a financial advisory firm to assist
in arranging up to $20 million of equity funding for an
acquisition of a mortgage origination platform by a team of
veteran industry executives from a major financial institution.
The management team has the opportunity to acquire the licenses,
trademarks and proprietary loan management/pricing systems in
order to establish and build a national retail and wholesale
mortgage origination business.
December 2009
Bison Retained by an Investment Banking
Boutique for $12MM Senior & Mezzanine Debt Refinancing of a
Precision Forging Company
Bison has been retained by an investment banking boutique to
assist in arranging up to $12 million of senior secured
revolver/term loan facilities and mezzanine debt to refinance and
recapitalize a manufacturer of precision forgings serving the
commercial and military aerospace markets. The company is
refinancing the current senior revolver and term lenders in order
to provide additional working capital liquidity and more capital
structure flexibility.
December 2009
Bison Retained by an Equipment Leasing
Company for $25MM Senior Warehouse Financing & $10MM Growth
Equity Investment
Bison has been retained by a family owned equipment leasing
company which serves small to medium sized businesses to arrange
up to $25 million of senior secured warehouse financing and up to
$10 million of equity investment to capitalize the company for
growth in its regional markets, provide reliable line of credit
availability to fund its lease commitments and enable the
management team to reestablish its marketing programs in its key
customer markets.
December 2009
Bison Retained by an Investor for $6MM
Debt Financing & $4MM Equity Investment to Acquire a Manufacturer
of Aftermarket Components
Bison has been retained by an investor to arrange up to $6
million of senior secured bank and mortgage financing and up to
$4 million of equity investment to acquire a privately-held
manufacturer of aftermarket components for the marine engine
markets. The financing will provide working capital and
acquisition funding to allow the new investor group to grow the
business through organic and identified add on acquisitions.
November 2009
Bison Retained by a Specialty Glass
Manufacturer for $6MM Senior Debt Financing
Bison has been retained by a private equity owned manufacturer
of specialty glass products to arrange an up to $6 million senior
secured asset based revolver/term loan facility to refinance a
current bank lender. The senior credit facility will provide the
company with additional working capital availability to
accommodate the expected rebound in the company's key transit,
high security and military customer segments both in the North
American and foreign markets.
October 2009
Bison Engaged by an Investment Bank for
$30MM Senior Debt Acquisition Financing
Bison has been engaged by an investment bank to assist in the
arranging of an up to $30 million senior secured asset based
revolver/term loan facility to provide acquisition financing for
a private equity sponsor to purchase a privately-held natural
resources company. The senior debt financing would provide both
working capital availability and acquisition funding to complete
the sponsor group's purchase of the company and subsequent
development of the company's substantial proven reserves.
September 2009
Bison Retained by an Early Stage
Media/Technology Company for $3MM of Growth Capital
Financing
Bison has been retained by the management team of an early
stage media technology company that has developed a patented
optical reading device to multi-media enable any type of printed
media to arrange growth capital financing. The $3 million of
equity funding will be used to provide working capital to bring
to market the system's first commercial product application.
August 2009
Bison Engaged by a Payment Processing
Company for $65MM of Acquisition and Growth Capital
Financing
Bison has been engaged by the management team of a payment
processing company to raise up to $65 million of equity and debt
capital to repay shareholder notes, provide growth capital and
complete the acquisition of four identified target companies. The
financing will enable the company to capitalize on the
significant organic and acquisition growth opportunities within
its niche segment of the payment processing market.
July 2009
Bison Engaged by Video Gaming Equipment
Company for $3MM of Working Capital Bridge Financing
Bison has been engaged by the management team of a designer
and manufacturer of a patented video gaming table system to
arrange up to $3MM of debt/equity bridge financing. The bridge
funding would provide the company sufficient working capital to
fulfill the significant pipeline of new orders for its
proprietary video gaming table systems.
June 2009
Bison Announces New Team Members as Senior
Advisors
Bison announces the addition of new Senior Advisors,
Ron
Recardo and Greg Waldron of
The Catalyst Consulting Group, a management consultancy serving
middle market companies and their business units. The firm can
provide a variety of “best practice” methodologies,
analytical tools and advisory services focused on providing
companies with pre and post-closing merger integration support,
growth strategy/business model development planning, operational
performance improvement and executive management and human
resource services.
May 2009
Bison Retained by Private Equity Fund for
Senior Debt Financing
Bison has been retained by a private equity fund which is
seeking debt financing to make additional investments in its
current portfolio of private and public companies. The financing
will be used to purchase additional shares and warrants in the
portfolio companies as well as provide capital to fund the
acquisition of a target company by one of the fund’s
platform company investments.
April 2009
Bison Announces New Team Member & Managing
Director/Senior Advisor Roles
Bison announces the addition of a new Managing Director,
Doug DeStaebler. Doug has over 17 years
experience as a hedge fund portfolio manager, research director
and investor in the public and private markets with expertise in
the power and energy sectors as well as general industrials. Doug
has invested in and researched equities, fixed income securities,
commodities and debt and private equity placements. Bison also
announces that Peter Saulnier and
Dave Olson have also been named
Managing Directors on the Bison Team with David
Kratovil, Peter
Ness, Bruce Freeman, Art
Williams, Jeff Marks andJeff
Zink named as Senior Advisors.
April 2009
Bison Retained by Consumer Products
Company for Acquisition Financing
Bison has been retained by a publicly traded consumer products
company in the health/wellness industry to assist management in
seeking debt and/or equity financing to fund the acquisition of a
privately-held company in the same industry.
March 2009
Bison Retained by Equipment Dealer for
Strategic Growth Planning & Recapitalization Financing
Bison has been retained by a privately-held, Northeast-based
equipment dealer and distributor to help management draft a
multi-year strategic plan and assist the company in seeking new
debt and/or equity investors to recapitalize its balance
sheet.
February 2009
Bison Retained by Technology Consulting
Business Unit for MBO Financing
Bison has been retained by the management team of a technology
consulting business unit of a global consulting company to seek
debt financing for the MBO of the unit as part of the parent
company’s business rationalization process.
November/December 2008
Bison Retained for Four Senior
Debt/Mezzanine Capital Raises
Bison has been retained to assist in the arrangement of (1)
mezzanine financing for a LBO acquisition of a precision
manufacturing company by an operator/investor; (2) mezzanine or
“one stop shop” financing to finance an add on
acquisition for a security services company as part of a regional
"rollup" strategy; (3) senior and mezzanine financing for an
industrial services company to refinance current debt and provide
working capital and growth financing to fund the company’s
continued development and (4) second lien or mezzanine financing
for an equipment dealer/distributor seeking to pay down an over
advance on its current asset based bank revolver to create
additional working capital availability.
November 2008
Bison Announces Five New Team
Members
Bison announces five new members of its advisory team:
Bruce
Freeman has over 20 years experience managing P&Ls and
building businesses and management teams, upgrading products and
processes and improving profit margins at Fortune 100 (GE) and
middle market private equity owned portfolio companies.
Peter
Saulnier has over 25 years experience as a senior
investment banking transactor, financial advisor and corporate
financial manager with major Wall Street firms as well as serving
as a CFO of a private equity owned regional telecommunications
company. Art
Williams has over 30 years experience as a senior
management executive acting in the role of Chief Operating
Officer, General Manager, EVP-International, VP-Sales and Board
member for public and private companies in the $30MM to $750MM
revenue range. Jeff Marks and
Jeff
Zink have over 25 years experience in assisting early
stage and middle market companies in developing business strategy
and strategic alliances, marketing new products and services,
arranging growth capital financings, recruiting key management
personnel and advising senior executive teams. The new team
members join David Kratovil,
Peter
Ness and Dave Olson who
have served on the Bison team for over four years.
October 2008
Bison Arranges Bridge Financing for a
Private Equity Sponsor
Bison successfully arranged a $1.8 million bridge
financing for a private equity sponsor in the process of raising
a new fund. The proceeds of the financing were used to invest
incremental capital in the sponsor’s current portfolio
companies.
September 2008
Bison Affiliates with a Broker Dealer,
Centre Capital Advisors
Bison Capital has established a relationship with Centre
Capital Partners, a CT-based broker/dealer. Centre Capital will
offer certain prospective Bison clients investment banking
services such as capital raising, private placement and M&A
advisory services.
August 2008
Bison Designated as an Origination Agent
for “Special Situation” Capital Providers
Bison has been designated as a dedicated origination agent for
several “special situation” finance companies that
provide asset based, “stretch” or hybrid first and
second lien secured working capital and term loan facilities
and/or equity type investment to middle market companies. These
capital providers focus on privately held companies seeking
growth capital and acquisition financing, requiring additional
liquidity for restructuring, turnaround or transitional processes
or refinancing “tired” lenders and/or shareholders.
These non-bank providers are institutionally funded and focus on
closing their financing transactions typically within a 4-6 week
time frame. The funds are: MidCap Business
Credit based in West Hartford, CT, Boone Opportunity
Lenders based in Norwalk, CT, and Apex Fundamental
Partners, based in Chicago, IL and Cincinnati, OH.
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