Equity Gap - very attractive profitable B2B food manufacturing company in Germany

A good friend of mine is working on an acquisition of a very attractive profitable B2B food manufacturing company in Germany, he is during final stage of negotiation an equity gap of €###-###-#### has arisen. Preferred equity @ 8% coupon. >> The company is in a growing industry and achieved €5.5m revenue in###-###-#### Forecast for 2025 is €7.5m, Q1 of 2025 has exceeded the plan. >> B2B 90%+ repeat revenue. >> Moderate concentration with strong customer retention >> The company is growing quickly and has already achieved half of last year’s revenue with many opportunities to further expand. >> It is a succession case. The founder is 60 y.o.+ and wants to retire and is looking for someone to take over. Status of the transaction: >> LOI signed. Total consideration is €2.8m (3.5x EBIT of 2024). >> Seller gives €300k seller note (requested to reduce from €600k, hence the gap) >> Bank financing of €1.6m and most of the equity (€630k of €930k) are secured. >> Negotiations of the SPA are ongoing and we expect signing to happen by end of May. - Self-funded terms. Total preferred equity to investors (8% annual coupon) is 45%. I am investing into the deal as well. - Minimum investment is €100k. Kindly leave your contact details in comments, if interested.