OUR STORIES OF SUCCESS

Examples Of Successful Capital Raises

DISTRIBUTOR PURCHASED BY MIDWEST PRIVATE EQUITY FIRM

A Midwest-based private equity firm was under LOI to buy a distributor.  There were numerous changes during the process, including purchase price, deal structure, seller notes, real estate, location changes and accounting issues.  Due to these changes, the best and most advantageous deal structure shifted several times during a process that took nearly a year.  We helped the private equity firm navigate those numerous twists and turns, while remaining nimble and changing the focus of our capital raise along the way.  Ultimately, we were able to find a flexible and friendly capital structure with a commercial bank, and help preserve the desired cost of capital and level of equity deployed by the private equity buyer.


MANUFACTURER PURCHASED BY INDEPENDENT SPONSOR

An independent sponsor was under LOI to purchase a manufacturer, located on the East Coast.  The target company had less than ideal financial reporting and there were issues with inventory and equipment collateral.  A commercial bank has issued an aggressive term sheet, but backed away during the due diligence process, leaving the independent sponsor without financing and without a clear path to close.  We were able to run a process quickly and identify a number of options in less than 30 days.  The options included traditional mezzanine financing, other cash-flow lending options, non-bank asset-based lenders and short-term bridge financing.  We raised over $10 million of debt capital within 30 days and the acquisition closed within 60 days, with no additional equity capital required from the independent sponsor.


For Profit Career College Revolver and Mortgage Refinance

A private and family owned, Midwest-based For-Profit Career College was asked by its existing senior secured lender to refinance their loan facilities.  After attempts to find financing on its own, the College engaged Rush Street Capital to run a full refinance process.  Rush Street Capital successfully procured the refinancing of a $3.5 million working capital line of credit and a $4.0 million first mortgage for the College.  The College’s new line of credit provider is a group that Rush Street Capital introduced to the Company and has bankers with higher education expertise.  Additionally, Rush Street Capital was able to obtain attractive terms for the College on the mortgage refinance with fixed-rate and 25-year tenor and amortization terms.  The savings as a result of the improved mortgage terms is in excess of over $167,000 per year.  


Aviation Company Refinance and Consolidation

An Air Force Veteran and pilot owned, Mid-Atlantic based aircraft leasing, re-sale, and maintenance Company engaged Rush Street Capital to refinance and consolidate 8 of the Company’s owned aircrafts.   The 8 turbo-prop aircrafts had notes with 7 different lenders.  The goal of the refinance and consolidation was to improve administrative efficiencies and obtain a more efficient capital structure for the aircrafts’ financing.   Rush Street Capital introduced a local bank that refinanced the 8 notes and improved terms that resulted in savings of $167,052 per year.  


A Sampling of Capital Providers:


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