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From: Michael Levy, Managing Director,
Omega Capital Partners Omega Capital Partners represents a small, privately held finance company that leases trucks, trailers and construction equipment to small owners and operators. Leases are over-collateralized at 1.8 to 2.2 times cash outlay. Residences are pledged as additional collateral. To mitigate risk, GPS is installed in the equipment and maximum transaction size is $5k. The company is looking for a credit facility of up to $10MM or joining a small pari persu syndication with $2MM to $5MM. Gross yield on the portfolio is 38%. Net loss from defaults is 0%. Company has a portfolio of approximately 380 leases. Historically profitable, audited statements, personal guarantees If interested in financing or providing capital to this client, call Michael Levy at 818-702-7692
From: Michael Hamill, VP, Grandview
National Investment Bank 1 - Grandview National is providing sell-side M&A advisory services for a Texas based wholesaler of fixed annuity insurance products (an Independent Marketing Organization or IMO) with estimated 2009 revenues of $12MM and adjusted earnings of $3.5MM-$4MM. The single owner of the company is looking to retire, but there is a strong #2 in place to run the day-to-day operations. The owner has not set an asking price, but is looking for a purchase price that is a fair market multiple of current earnings. 2 - Grandview National represents a SoCal based company looking to acquire local newspaper assets of a larger company out of Ch 11 in the Phoenix, AZ metropolitan area. The company is looking for $4 million in loan--$2M for the purchase and $2M for operations while restructuring. Assets available are $8M in real estate and $5.5M in machinery and equipment. This can be done in one transaction or two separate transactions. Aside from those assets, the buyer’s financial statements are not strong. From:
Ken Sheppard, President, First Class Investments Telecom Partners Group Corporation dba ATS Communications (“ATS”) represents landowners such as cities, water agencies and districts to negotiate leases for cell sites on their properties. ATS is paid by their city, agency and district clients by receiving a portion of the monthly Carrier lease payments. ATS is also offering their income stream to investors at an excellent rate of return. Investments range from $30,000 to $200,000 per lease. The lease terms range from five to ten years. Investors are offered a 8.5% rate of return on their investment. Cell phone companies’ leases generally have a 3% or 4% annual increase, and all the increases are assigned to the investor. Consequently the payments have a built in inflation factor. Why is ATS selling their portion of the lease
payments? ATS is expanding rapidly and needs cash for business
growth. It is better for their business plan to discount the
payments due them and receive money up front rather than over a
period of years. The cell phone company makes its payments directly
to the investor through a bonded escrow company rather than through
ATS. From: Richard Crane, Vice
President, Andreini & Co. I am looking for introductions to CFO's at companies with 100+ employees. Our expertise lies in helping mid market sized companies save on their insurance premiums through innovation in the areas of property and casualty and health benefits insurance. Our extensive knowledge and internal support allow us to help our clients find better alternatives for their needs. Your referral is sincerely appreciated and will be reciprocated however possible. From: Kenneth Funsten, Founder,
FamCo Advisory Services Do you know a distressed company for sale or in need of capital? Ken Funsten & FamCo Advisory are looking for middle market distressed businesses for sale or in need of capital. We will look at all sizes and shapes as long as they are real businesses. First step in our process of capital-needs assessment is for us to look at a company's financials. If you are presenting such a company to us, you may block out its name, address (though we'd appreciate knowing the state), phone numbers, etc., to protect confidentiality, then send the financials with any footnotes you care to provide to Ken.Funsten@FamCoAdvisory.com. We will reply to all companies correctly presented us. |
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