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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.
April 2010
Bison Retained by a Private Equity Sponsor
for $10MM Growth Equity 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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