Leverage Buyout2023-01-05T18:11:17+00:00

Leverage Buyout

With factoring, acquiring companies can turn the accounts receivable of a target company into immediate cash flow to acquire the company and provide for its ongoing capital needs.

NOVELTY PRODUCT MANUFACTURER

$ 2,250,000| Factoring | Massachusetts

Client:

Massachusetts-based Novelty Product Manufacturer.

Situation:

11-year-old company was being liquidated by its existing lender.

Need:

One of the company’s existing owners was seeking to acquire and re-start a profitable division of the company.

Solution:

Prestige provided financing to fund the acquisition of certain property of the liquidating estate from the lender and support future growth.

AUTOMOTIVE PARTS MANUFACTURER

$ 40,000,000| Factoring | Midwest

Client:

Midwest automotive parts manufacturer.

Situation:

22-year-old manufacturer was in aggressive acquisition mode during the downturn in the automotive industry.

Need:

The client wanted to partner with a commercial finance source that could close complex leveraged buyouts in two weeks or less.

Solution:

Prestige was able to close and fund seven separate transactions totaling $40 million in combined facilities. Within nine months, the client graduated to an $80 million asset based lending facility.

CALL CENTER

$ 5,000,000| Factoring | Ontario, Ontario

Client:

Ontario, Canada-based call center with $50 million in annual sales.

Situation:

Ten-year-old call center was being acquired by a U.S. investor group.

Need:

The investors were seeking to leverage the receivables of the call center to complete the acquisition and provide ongoing working capital.

Solution:

In less than two weeks from the initial inquiry, Prestige provided a $5 million factoring line, allowing the buyers to complete the cross-border acquisition with a nominal equity investment.

STAFFING INDUSTRY

$ 10,000,000| Factoring| Northeast

Client:

Northeast Staffing Agency acquiring another entity in the same industry.

Situation:

Client was seeking acquisition financing and had been working with an asset based lender to finance the acquisition. The proposed asset based lender was procrastinating and the client was at risk of losing the opportunity to acquire the target company.

Need:

Client needed financing in less than two weeks in order to keep the deal alive until they could close an asset based loan at a later date.

Solution:

Within two weeks, Prestige was able to provide the financing needed to acquire the company and structured a bridge facility allowing client to graduate to ABL in 3 months.

DIGITAL MEDIA PRODUCTS AND SERVICES

$ 475,000| Factoring| New Jersey

Client:

New Jersey Digital media products and services

Situation:

Recently spun off from a larger corporation, this employee owned company was required to pay off a large note to the parent company.

Need:

Cash flow to pay off debt and support growth

Solution:

Prestige was able to provide much-needed cash flow by financing their accounts receivables, this enabled them to service their customers and pay off their note to the parent company.

STAFFING COMPANY

$ 4,000,000| Service Provider| Southeast

Client:

Staffing Company

Situation:

An investment banker approached Prestige after two lenders couldn’t close the deal in a timely manner. The seller became impatient and gave the buyer a deadline.

Need:

Immediate financing to close the deal before the seller walked away from the transaction.

Solution:

In a week, Prestige Capital did a field exam and closed the deal, preserving the deal and the client’s dignity.

GEORGIA STAFFING COMPANY

$ 2,500,000| Service Providers| Georgia

Client:

Georgia Staffing Company

Situation:

After failing to complete the leverage buyout with an asset based lender, the client was at risk of losing the opportunity.

Need:

Client needed a funding partner who could close very quickly.

Solution:

Within 7 business days, Prestige provided the capital to close the transaction.

UTAH COMPUTER EQUIPMENT MANUFACTURER

$ 2,500,000| Factoring | Utah

Client:

Utah Computer Equipment Manufacturer

Situation:

Fortune 500 company selling a small division of their company who had a major concentration in one customer.

Need:

Buyer was looking for financing to supplement their limited equity contribution toward the purchase of business.

Solution:

With the assistance of their investment banker, Prestige Capital was willing and able to provide the needed leverage to finalize the sale.

NOVELTY PRODUCT MANUFACTURER

$ 2,250,000| Factoring | Massachusetts

Client:

Massachusetts-based Novelty Product Manufacturer

Situation:

11-year-old company was being liquidated by its existing lender.

Need:

One of the company’s existing owners was seeking to acquire and re-start a profitable division of the company.

Solution:

Prestige provided financing to fund the acquisition of certain property of the liquidating estate from the lender and support future growth.

AUTOMOTIVE PARTS MANUFACTURER

$ 40,000,000| Factoring | Midwest

Client:

Midwest automotive parts manufacturer

Situation:

22-year-old manufacturer was in aggressive acquisition mode during the downturn in the automotive industry.

Need:

The client wanted to partner with a commercial finance source that could close complex leveraged buyouts in two weeks or less.

Solution:

Prestige was able to close and fund seven separate transactions totaling $40 million in combined facilities. Within nine months, the client graduated to an $80 million asset based lending facility.

ELECTRONICS DISTRIBUTOR

$ 500,000 | Factoring | East Coast

Client:

East Coast electronics distributor with $3 million in annual sales.

Situation:

The distributor was an existing client of Prestige Capital and its management team was well known to Prestige. The Client’s owners made the strategic decision to focus their attention on other core businesses and wanted to divest the electronics distributor.

Need:

Client’s senior management team approached Prestige to fund a management buyout.

Solution:

Within three business days, Prestige refinanced the existing facility for the newly acquired company with the new ownership group.

DIGITAL MEDIA PRODUCTS AND SERVICES

$ 475,000|Income Financing |New Jersey

  • Client: New Jersey Digital media products and services
  • Situation: Recently spun off from a larger corporation, this employee owned company was required to pay off a large note to the parent company.
  • Need: Cash flow to pay off debt and support growth
  • Solution: Prestige was able to provide much-needed cash flow by financing their accounts receivables, this enabled them to service their customers and pay off their note to the parent company.

AUTOMOTIVE PARTS MANUFACTURER

$ 40,000,000| Income Financing | Midwest

  • Client: Midwest Automotive Parts Manufacturer
  • Situation: An automotive holding company was in aggressive acquisition mode in an attempt to take advantage of the downturn in the automotive industry.
  • Need: The client was looking to partner with a commercial finance source that could close complex leveraged buyouts in 2 weeks or less.
  • Solution: Prestige was able to close and fund seven separate transactions totaling $40 million in combined facilities. Within 6-9 months, the client graduated to an $80 million ABL facility.
Go to Top