Post-LOI Search Capital for Independent Sponsor

by a searcher

4 years ago

Currently have a deal past the LOI stage and looking to raise C$25-50K in search capital to underwrite initial deal expenses. Opportunity to be fully recouped with a step-up at close. Deal is a $1.5M EBITDA business in the consumer goods space. Strong confidence in closing deal as management is excited about the transaction and DD has advanced well. Reputable selling firm is vested in closing deal as well. Expected close is Feb, 2021.

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5 comments

searcher from Harvard University - Harvard Business School

This is the first time I've heard of someone raising capital for just the post-LOI DD phase of a search. Would love to here how it turned out, and what kind of terms folks have seen for this type of structure either on this deal or any others with similar approach.

11 months ago | like reply | 0 likes

searcher from Babson College - F.W. Olin Graduate School

Interested in learning more about subscription agreement

3 years ago | like reply | 0 likes

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