Growth Capital in Connection with M&A
We're proud to announce our latest transaction!
Foothills Capital Advisory, LLC ("Foothills Capital") has recently arranged an equipment term loan to a precision manufacturing company to provide additional working and growth capital in connection with an acquisition.
Nabil was introduced to Ethan, the CEO of the acquirer by a principal of a VC/Private equity firm. Ethan had just completed a similar transaction earlier in the year, and was negotiating to acquire another company. While the investors would be providing some equity capital and a seller note, Ethan also sought additional working and growth capital to execute on their growth plan.
Nabil received the intro to Ethan about 45 days prior to the M&A transaction was scheduled to close; Ethan needed capital as soon as possible after closing. Recognizing that speed and certainty of execution were paramount, we quickly worked with him prior to the acquisition, identified the preferred lending partner with whom we're very familiar, secured a term sheet and supported the parties during due diligence and negotiations of the lending terms.
As sometimes happens in M&A deals, deal terms changed at the last minute and Nabil was able to both support Ethan and work with the lender to make the necessary changes in order for the loan to close efficiently. The loan was funded and the new CEO was pleased with the results.
“It was a pleasure working with Nabil; he was very responsive and his expertise was invaluable as we navigated the complexities of the transaction. I especially appreciated Nabil’s guidance throughout the process, especially during the final stages as we were reviewing the key terms of the loan documents. I would definitely work with Nabil and Foothills Capital Advisory again on future transactions.”