As the end of the year approaches, our team is taking a moment to look back on our accomplishments over the course of 2018. We are proud of the creative financing solutions we developed for our financial sponsor partners this past year, helping them achieve their objectives.
As we evaluate the successful sponsor-backed deals we funded this year, we are also reflecting on the qualities that set us apart and make Gibraltar unique:
Speed to Close
Swift action is crucial for businesses. We know every day counts for our clients, we strive to be quick and decisive when finalizing deals. This year, Gibraltar closed an $8 million credit facility for a sponsor-owned snack foods company – with an accordion option up to $15 million – in just 32 days.
No Minimum Equity Requirements
Gibraltar recently closed a transaction without requiring the private equity group to contribute cash equity to the business at closing. Many asset-based lenders demand a minimum equity contribution, but Gibraltar doesn’t have a one-size-fits-all approach to financing solutions.
Building long-term relationships with clients is central to Gibraltar’s mission and values. In 2018, we funded multiple deals for returning clients, including financial sponsor partners. These clients were happy with our past work and trusted us again to deliver results for them.
Borrowing Base Creativity
Gibraltar is innovative and flexible in appraising a company’s assets in order to determine a borrowing base. Earlier this year, Gibraltar closed an asset-based loan for a company that included an advance against a large tranche of unbilled accounts receivable.
Patient Capital Partners
Even the best-laid plans sometimes get off track. We know how stressful it can be to navigate bumpy transitions or problems with a traditional financing partner. We offer clients support and stability when the going gets tough, working with them to overcome obstacles and start on a new path of growth and prosperity.
At Gibraltar, we value the relationships we have built with our financial industry partners and understand their unique needs. We look forward to growing these partnerships and providing value to our clients in the new year.
Are you looking for a flexible partner to help you reach your goals? Get in touch with the Gibraltar sales team.