Attract Capital advised Brand & Oppenheimer, Inc. on its acquisition of Performance Textile, Inc. Brand & Oppenheimer (“B&O) is a leading Textile converting company based in New Jersey focused on acquisition growth. We assisted B&O in its valuation, structuring and negotiation in the acquisition. Performance is a great addition to B&O portfolio and expands its product line and customer list. Despite industry headwinds, B&O is growing rapidly and developing into a world class leader in the textile space. Attract Capital is seeking additional acquisitions in the textile converting industry for B&O. David Barnitt recently joined the Board of B&O. For more information on B&O see (Website).
Attract Capital assistedEtransmedia technology Inc. raise a new round of financing from its current lender, Praesidian Capital to close new acquisitions. Etransmedia is a leading healthcare information technology company based in Troy, New York. The company has successfully pursued acquisition growth and has acquired eight companies since 2004. Attract Capital has acted as a strategic financial advisor to Etransmedia over this time period. Etransmedia has become one of the most exciting healthcare IT companies in the US with its innovative technology and growing regional footprint. For more information on Etransmedia see (website).
Attract Capital advised Bridge Capital Solutions Corp. with its follow on financing from its lender, Main Street Capital Corporation. Bridge Capital Solution is expanding through the launch of Mercury Service Group and its revolutionary debit card product. Bridge has grown dramatically since Main Street’s initial funding in 2012. We have acted as a strategic advisor to both Bridge Capital Solutions and Mercury Service Group during this period of fast growth and business development. David Barnitt recently joined the board of Mercury Service Group.

As the Fed decides to ease interest rates, middle market acquisition financing structures will benefit in a number of ways. The underlying values of middle market companies will increase leading to a higher enterprise value and lower loan to value ratios for existing portfolio companies of acquisition financing lenders.

The role of acquisition financing is infrequently elevated above a functional transactional one. When a business needs financing to acquire, they go to the market and source acquisition financing to supplement their equity investment to close the deal. Despite existing in many different forms, acquisition financing is rarely explained in terms of the value it brings to the acquirer.

Acquisition financing underwriting usually focuses on business and financial issues that underpin the stability of cash flow. Providers of acquisition financing usually validate the durability of a company’s competitive advantage and the depth of its resource base. Environmental issues are usually not a major part of the analysis in today’s service and technology-based economy.

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