I'm looking for investors - £2.2mm preferred equity. Any suggestions?

Hi All,

I am a self-funded searcher, and I would like to fundraise £2.2mm of preferred equity for a HR software company under LOI, headquartered near London. The Company has £1.8mm of revenues, £1.1mm of LTM Jul-23 Reported EBITDA (61% margin) and £1.4mm of Adjusted EBITDA (80% margin). The upfront purchase price is £5.5mm, or 5x LTM Jul-23 Reported EBITDA, or 4.0x FYE Dec-23 Reported EBITDA.

The Company has very attractive characteristics: 85% recurring revenues, 3-year customer contracts, 92% customer retention, negative working capital (i.e. upfront annual payments), and nearly 0% Cost of Goods (i.e. highly scalable software product). We are in LOI, have secured debt financing, and we'd like to complete the transaction in 2 months.

If anyone is interested, please email me at redacted or please DM me if you have any suggestions! The terms will deviate from traditional search terms. Thank you so much.

Best,
Andrew